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

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“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...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...