Connect with us

Uncategorized

Treasury Looting: How ex-gov Okezie Ikpeazu paid N107.2b for non-existent contracts including N10b for ‘Abia State Airport’ not found anywhere

Published

on

Please Kindly Share This Story

Forensic expert have exposed how former governor Okezie Ikpeazu looted the state treasury through payment of N07.2 billion for non-existent contracts.

In a recent video seen by Nationwide Reports, Dr. Alex Otti, the Abia State Governor, while addressing a public gathering said his administration appointed one of the top-3 auditors in the world to look into the finances of the state and said it was a shock when the auditors turned in their reports with details of how funds belonging to Abia people were laundered into personal vaults through crony companies that were paid for contracts that are not seen anywhere.

Otti disclosed that one of the fictitious payments was the sum of N10 billion for ‘Abia State Airport,’ adding that officials of the state have searched everywhere but could not find the site of the airport that was paid for by the former governor.

He however disclosed that his administration has reported the lootings to the Economic and Financial Crimes Commission, EFCC and other security agencies for investigation.

“Talking about corruption, I had set up a forensic audit as soon as I took over last year as Governor of Abia state.

“So that there won’t be any argument, I called in one of the top three audit firms in the world. Not too long ago, they turned in their report. Some of the things in the report are frightening. N79.3billion, was paid to seven contractors for contracts that were not executed at all, up till today.

“Another N15.9billion, almost N16billion was paid to 63 contractors with no supporting documents anywhere in the state. Another N12billion was paid to two contractors for contracts that do not exist. Out of this figure, N10billion- That was September 25, 2020, almost four years ago, paid to some contractors for the construction of Abia State Airport. We have spent time trying to find the airport Up till now, we have failed (to find the airport). In fact, one of my aides told me the other day, that maybe we are using native intelligence to look for the airport, that we should seek Artificial Intelligence.

“So as we continue to look for our airport, we have also involved security agencies to help us search. That is just an example of what really happened. When you juxtapose that with the pensions that were lying unpaid for about 10 years and salary arrears. The N10billion that was spent to build a non-existent airport, was the exact amount our government used to pay the pension arrears,” the Governor said

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

APC supporters attacked in Katsina

Published

on

Please Kindly Share This Story

 

NewsAPC Supporters Attacked, Campaign Vehicle Set Ablaze in KatsinaPublished 39 minutes ago on

Suspected hoodlums have attacked supporters of the All Progressives Congress (APC) in Yankara town, Faskari Local Government Area of Katsina State, leaving several people injured and a campaign vehicle belonging to a political support group burnt.

The incident reportedly occurred on Saturday as APC supporters travelled to attend the Tinubu-Dikko 2027 Campaign Rally organised in support of President Bola Ahmed Tinubu and Katsina State Governor Dikko Umaru Radda.

The attackers were said to have smbushed the supporters along a major road, blocked a route expected to be used by the campaign convoy and disrupted movement, triggering panic among residents.

The Caucus Chairman of the Musa Adamu Network (MAN), Alhaji Nura Sule Yandaki, said he and 11 members of his team were travelling to the rally when the incident occurred.

According to Yandaki, tension escalated while members of another Islamic group were holding a Maulud procession, with suspected hoodlums allegedly taking advantage of the situation to attack vehicles, including those conveying APC supporters.

A vehicle belonging to the Musa Adamu Network was reportedly set ablaze during the violence.

Reacting to the incident, the network’s Secretary, Shamsuddeen Sani Lema, condemned the attack and called on security agencies to identify and prosecute those responsible.

Lema described the incident as unacceptable, insisting that political activities should not be conducted in an atmosphere of violence and intimidation.

 

Continue Reading

Uncategorized

We were discpuraged from campaigning in South East because of Obi- Makinde

Published

on

Please Kindly Share This Story

The presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has revealed that his campaign team was advised against campaigning in the South-East because of the perception that the region is firmly in the grip of Nigeria Democratic Congress (NDC) Presidential candidate, Peter Obi.

Makinde, however, said the warning would not stop him from taking his party’s message to the South-East ahead of the 2027 general election.

He made the remarks on Thursday at the APM Town Hall Meeting in Enugu, where he urged Nigerians to reject what he described as visions that divide the country along tribal lines.

“We were almost discouraged we were coming to Peter Obi’s region that the South-East belongs to him totally, but we will still bring our message anyways. Reject all visions across tribal lines,” Makinde said.

The APM presidential candidate’s remarks come amid political realignments and growing efforts by presidential hopefuls to consolidate support across Nigeria’s geopolitical zones ahead of the 2027 elections.

 

 

Continue Reading

Uncategorized

Dangote VP, NASCON Chief, Say Industrial Hubs, Value Addition Will Boost Economy

Published

on

Please Kindly Share This Story

Caption: Chief Controller/Chief of Staff, office of the Vice President, Dangote Industries Limited, Mr. Isa Yusuf Aruwa greets Mrs Aderemi Saka, Managing Director/ CEO, NASCON Allied Industries at the 32nd Nigerian Economic Summit, Transcorp Hilton, Abuja.

Photo 2: Mrs Aderemi Saka, Managing Director/ CEO, NASCON Allied Industries, as a panellist Productivity Revolution for Growth at the 32nd Nigerian Economic Summit, Transcorp Hilton, Abuja.

The Vice President of Dangote Industries Limited (DIL), Olakunle Alake, and the Managing Director/Chief Executive Officer of NASCON Allied Industries Plc, Aderemi Saka, have called for greater investment in industrial hubs and value addition to accelerate Nigeria’s economic growth, strengthen local manufacturing and enhance the competitiveness of domestic industries.

Speaking at the CEO Forum of the 32nd Nigerian Economic Summit at the Transcorp Hilton Hotel in Abuja, Mr. Alake, who was represented by Isa Yusuf Aruwa, said Dangote Group was taking the lead in promoting industrial hubs as catalysts for economic growth, citing the proposed Dangote Olokola Industrial Hub in Ondo State as a key example of the Group’s commitment to industrial development.

He said co-locating businesses would enable them to achieve economies of scale, reduce operational costs, generate more employment opportunities and facilitate knowledge sharing.

“An integrated industrial hub offers the opportunity to address several constraints together: energy, logistics, manufacturing infrastructure and access to markets. But the wider economic benefits will depend on how deliberately we connect the investment to the surrounding economy,” he added.

He said the “wider success of an industrial hub will be measured by the productive
businesses that grow around it.”

According to him, large industrial companies can support smaller firms through technical mentoring, supplier assessments, apprenticeships, access to testing and clearly structured procurement opportunities.

Meanwhile, speaking on ‘Productivity Revolution for Growth’ the Managing Director of NASCON Allied Industries Plc, Mrs. Aderemi Saka called for a comprehensive review of the manufacturing value chain, particularly the sourcing of raw materials, packaging inputs and other essential components required for seamless production.

“Where do the raw materials come from. Do we have small companies that can produce them locally and add value to bigger businesses. Do we have the capacity to source raw materials on a large scale to ensure seamless production?” she asked.

Saka also explained the importance of equipping workers with the technical and professional skills required to drive productivity in a rapidly evolving industrial environment.

She explained that the Dangote Group, under the leadership of its President and Chief Executive, Aliko Dangote, remains committed to nurturing young Nigerian talent through structured training programmes and targeted capacity-building initiatives.

The Dangote Industries Limited is one of the sponsors of the 32nd edition of the Nigerian Economic Summit.

President Bola Ahmed Tinubu had earlier commended the Dangote Group for its outstanding contributions to the Nigerian economy.

Continue Reading

Trending