Okowa Mismanaged N1trn Oil Derivation Fund, Edwin Clark Alleges

Chief Edwin Clark, an elder statesman and Ijaw leader has alleged that the immediate past Delta State Governor, Ifeanyi Okowa used the State’s 13 per cent derivation proceeds to fund his Premium Trust Bank Ltd and 13 companies linked to him.

He made the allegation on Arise Tv claiming that Okowa received over N1trillion from the Federal government as the balance of the 13 per cent derivatives earmarked for oil-producing states.