HomePoliticsAbia: Ikpeazu didn't leave...

Abia: Ikpeazu didn’t leave ‘any’ N24bn; money left are loans — Alex Otti

Mr Mike Akpara, the Special Adviser to the Governor of Abia on Finance, has described the claim by former Governor Okezie Ikpeazu of leaving N24 billion in the state government coffers as false.

Akpara made this known on Thursday during a press conference at the Government House, Umuahia.

According to reports, one Ikechukwu Iroha, a former aide of Ikpeazu, had made a Facebook post that several billions of naira were allegedly left behind for Governor Alex Otti led-administration by the former governor.

The special adviser said that neither  Ikpeazu nor his spokespersons had refuted the false and offensive claims contained in the Facebook post.

He said allies and former aides of Ikpeazu had resorted to circulating the fake news with the intent to misrepresent facts and deceive the public, especially workers and pensioners.

Akpara called on the people of Abia to disregard the false claims made by the previous administration, adding that the state government’s records show that as at May 28, the state had a huge financial liability of N191 billion.

He said that “the  Okezie Ikpeazu-led government did not leave any N24 billion in the account of Abia Government as they falsely claimed.

“The 200 million U.S dollar and 50 million US dollars they claimed they left for the new administration are loans they were pursuing which are yet to crystalise.

“Poor internal generation of revenue, with the little they generated frittered away in payment to consultants for no added value, and they pay as much as 20%, which is highly unethical.

“The members of the Ikpeazu-led administration were busy picking money from everywhere towards the end of their tenure as the N2.8 billion from SURE-P that came in through the Union Bank a few days to Inauguration was taken by them.

“We made efforts to stop them from taking the money but we lost out, however, we succeeded in stopping them from taking the N3 billion from JAAC, as we went as far as writing EFCC to stop them.”

Akpara said that the previous administration left humongous physical liabilities in all the key institutions which resulted in loss of Abia State University Teaching Hospital and Abia State Polytechnic accreditation for the first time in history.

According to him, the regulatory authorities said that the basis for withdrawing the accreditation of the institutions was non-payment of salaries, lack of equipment, and lack of infrastructure.

He said that the failure of Ikpeazu to pay April and May salaries before leaving office was another indication that there was no money in the state government’s coffers.

Akpara said that “if Ikpeazu is trying to preempt anti-corruption agencies by making such provocative false claims, he should know that they work with facts and figures.

“Even if he runs into the APC to seek refuge as he is planning to do, these anti-corruption agencies would pursue and bring him to justice from there.

“Already EFCC is on their trail and as we speak some of their bankers are being invited for questioning by the agency.”

He said that the payment of salaries and pension remain sarcrosant, adding that the government had evolved payment strategies that would ensure that arrears and gratuities are completely paid before December and that workers would be paid on 28th of every month.

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of...

- A word from our sponsors -

spot_img

Read Now

Why Mobile Gaming Is Growing Faster Than Ever in Africa

Meta Title: Mobile Gaming In Africa – Why It's Growing Fast Meta Description: Mobile gaming in Africa is growing faster than any other digital sector: affordable smartphones, mobile payments, local content and what the data shows for 2026. Why Mobile Gaming Is Growing Faster Than Ever in Africa Few industries are expanding...

Toyin Akinniyi: Building blocks of the Future, education financing for sustainable outcomes

Opening Remarks by Ms. Toyin Akinniyi, Regional Portfolio Director, Luminate at the Bold Action Session on Education: "Building Blocks of the Future: Education Financing for Sustainable Outcomes"  (A Day Zero event of the 2026 Africa Social Impact Summit) on 21 July 2026. Protocols. Good morning distinguished guests, the board and CEO...

Cheta Nwanze: The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke

Cheta Nwanze The acquittal of Nigeria’s former petroleum minister Diezani Alison-Madueke at Southwark Crown Court, London, on 17 June 2026 has brought up an uncomfortable question that has long shadowed international anti-corruption efforts: is justice truly universal, or is it reserved for the powerless? After a nearly six-month trial...

Lazarus Angbazo: Building Nigeria’s Infrastructure Economy

BUILDING NIGERIA'S INFRASTRUCTURE ECONOMY Mobilizing Private Capital to Build the Foundation of National Prosperity Keynote Address by Dr. Lazarus AngbazoChief Executive Officer, InfraCorpNACCIMA Infrastructure Conference (INFRACON) — July 14, 2026 Your Excellencies, distinguished guests, ladies and gentlemen. Please permit me to stand on established protocol. Let me begin with a simple observation. Every...

Lazarus Angbazo: Beyond Roads and Power, Who Will Finance Human Capital Infrastructure for Africa’s Workforce?

By Lazarus Angbazo |  [email protected] Africa is entering one of the most ambitious periods of infrastructure and industrial investment in its history. Governments are expanding power generation, transport networks, ports, industrial parks, and digital infrastructure, while African private sector leaders are making unprecedented long-term commitments to manufacturing and industrial...

Residents: Key Factors to Consider When Choosing a Self Storage Facility in Philadelphia

Finding the ideal self-storage unit can be challenging, especially in Philadelphia, where options abound. Many residents seek facilities that not only safeguard their belongings but also provide value and convenience. In this article, you'll learn the key factors to consider when selecting a self-storage facility in the...

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...