Skip to content
July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Alleged N17.5bn scam rocks Bayelsa, APC invites EFCC, NFIU to probe
  • National News

Alleged N17.5bn scam rocks Bayelsa, APC invites EFCC, NFIU to probe

Admin October 21, 2019
Presidency

Mr. Ibrahim Magu

Ibrahim Magu, EFCC Chairman

The All Progressives Congress (APC) has called on the Economic and Financial Crimes Commission (EFCC) to investigate an alleged diversion of N17.5 billion by the Bayelsa Government.

Mr Yekini Nabena, the APC Deputy National Publicity Secretary, made the call in a statement issued on Sunday in Abuja.

Nabena also urged the EFCC and the Nigerian Financial Intelligence Unit (NFIU) to investigate all the bank accounts belonging to the state government.

He alleged that the N17.5 billion was illegally withdrawn on the order of Gov. Seriake Dickson to prosecute the Nov.16 governorship election in the state.

According to him, the anti-corruption agencies should track down the N17.5 billion allegedly withdrawn by the state government and arrest the Commissioner for Finance, Mr Maxwell Ebibai, who, he claimed, facilitated the withdrawals.

Nabena said: “In the last two weeks, the Bayelsa state government has, in highly suspicious circumstances, made several withdrawals to the tune of N17.5 billion without any corresponding project to justify such withdrawals.

“The insider reports we received stated that Gov. Seriake Dickson approved the illegal withdrawals to fund the election of the People’s Democratic Party (PDP) governorship candidate in the state.

“The EFCC and the NFIU must urgently freeze the state government accounts to stop further illegal withdrawals.

“The anti-graft agencies must also track down the already withdrawn N17.5 billion and arrest the state Commissioner for Finance, Mr Maxwell Ebibai, who oversaw the illegal withdrawals.

“Our sources reported that some of the cash are stashed in the governor’s Toru-Orua country home.

“Others have been laundered by the commissioner through the Bayelsa Development and Investment Corporation (BDIC),” he said.

Nabena recalled how Dickson had openly been boasting that he had the money to fund the upcoming governorship election.

“It is now clear that Gov. Dickson is using the federal allocation meant for the people of Bayelsa to fund the election of PDP governorship candidate,” he alleged.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: All Progressives Congress (APC) Bayelsa EFCC Gov. Seriake Dickson Mr Maxwell Ebibai N17.5 billion NFIU

Post navigation

Previous Buhari jets off to Russia with 3 Governors, 4 Ministers for Russia–Africa Summit
Next Abducted ACP rescued unhurt, two male suspects arrested

Related Stories

At least 14 killed in attack in Nigeria’s Benue state – Officials say idoma native
  • National News

At least 14 killed in attack in Nigeria’s Benue state – Officials say

July 28, 2026
Alleged defamation: Sowore drops decision to summon DSS boss as witness Court
  • National News

Alleged defamation: Sowore drops decision to summon DSS boss as witness

July 28, 2026
Nigeria recorded 1,600 deaths from 650 building collapses in 52 years Collapsed Ikoyi building
  • National News

Nigeria recorded 1,600 deaths from 650 building collapses in 52 years

July 28, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Bloody violence at Delta APC meeting, govt orders arrest; sues for peace
  • Crime and Justice

Bloody violence at Delta APC meeting, govt orders arrest; sues for peace

July 29, 2026
Leo Stan Ekeh Foundation hosts regional seminar to promote character development and youth reorientation
  • Business & Economy

Leo Stan Ekeh Foundation hosts regional seminar to promote character development and youth reorientation

July 29, 2026
At least 14 killed in attack in Nigeria’s Benue state – Officials say idoma native
  • National News

At least 14 killed in attack in Nigeria’s Benue state – Officials say

July 28, 2026
Alleged defamation: Sowore drops decision to summon DSS boss as witness Court
  • National News

Alleged defamation: Sowore drops decision to summon DSS boss as witness

July 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.