You are currently viewing Edwin Clark tackles Okowa, alleges he owns 13 companies, and diverted Delta money to Premium Bank
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Elder statesman, Chief Edwin Clark, has tackled former Delta State Governor, Ifeanyi Okowa, claiming he allegedly owns 13 private companies.

He also alleged that Okowa diverted Delta State’s 13% derivation fund into Premium Bank.

Clark alleged that Okowa Owns Premium Bank, an allegation that was denied by Okowa last year.

Clark disclosed this during an interview with Arise News.

He added that one Emefiele who hailed from Okowa’s village was the managing director of Premium Bank while Okowa’s brother, Monday Okowa, who was at Zenith Bank, worked at Okowa’s bank.

He further alleged that most of the money meant for the Niger Delta people was pocketed by Okowa for his selfish establishment.


He disclosed that he wrote two letters to Okowa to question him on how he spent their money.

According to him, “Every oil-producing state has been paid, and the one paid to Delta came to one trillion, seven hundred and sixty something billion naira from 2007 to June 2015.


“In February alone, we received about N700b, and the balance was paid to Okowa because oil was coming very easily and because prices were high.

“So what he was paid was one trillion. So instead of paying the 50 percent provided by his own law, DESOPADECK Law, Section 14, which makes it automatic that money must be given to them, he now held the 13 percent and used the entire money in dishing out installments and approving every contract the DESOPADECK wanted.


“And I’d like you to give me an account. So I wrote him a second letter, which I already gave to the EFCC, saying that we cannot be cheated. Some governors are now wealthier than their states. He got a bank, and today, most of our money has been paid to that two-year-old bank. Something premium bank The managing director is Emefiele, from the same village as Okowa.

“Okowa’s brother, Monday Okowa, who was at Zenith Bank, is there. And this man has 13 companies.”

(Adapted from National Waves)

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