 It was reported in August 2012 that Okupe and his companies were probed by the Economic and Financial Crimes Commission (EFCC) and accused of failing to execute road construction contracts awarded to his companies in 2004 by Benue State and in 2005 by Imo State.Eventually, a settlement was reached with Imo State, while the case with Benue State was resolved through arbitration.In July 2016, it was alleged that ₦702 million of the embezzled $2 billion in the $2 billion arms deal or Dasukigate at the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki was traced to Okupe by the EFCC.