This is according to a source at the Economic and Financial Crimes Commission (EFCC).
Mr Obiano was arrested by the EFCC on Thursday evening at the Murtala Muhammed International Airport in Lagos, hours after handing over to Governor Charles Soludo.
According to the EFCC source, he was arrested for misappropriating N5bn Sure-P and N37 billion Security Vote funds, which was withdrawn in cash
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