The Rivers police command has arrested Chinyere Igwe, a member of the house of representatives, with $498,100 cash.
Igwe is the Peoples Democratic Party (PDP) lawmaker representing Port Harcourt II federal constituency.
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He is a supporter of Atiku Abubakar, presidential candidate of the PDP.
Grace Iringe-Koko, the Rivers police spokesperson, said the lawmaker was also apprehended with a list for the distribution of the money.