Gov. Otti Reveals How Ikpeazu Transferred N10billion Airport Funds Into 32 Individual Accounts

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Governor Alex Otti of Abia State has accused his predecessor, Okezie Ikpeazu, of transferring the sum of N10billion meant for building an airport in the state into 32 different company accounts before it was shared.

This is as the Governor assured that he would soon make public the forensic audit report which indicted the previous administration of diverting billions of state funds meant for projects to individual company accounts.

The governor said that the money had already been transferred out of the state government account before they approached the Abia State House of Assembly for approval.

Offering more clarification on the auditing during his monthly media chat tagged: “Governor Alex Otti Speaks to Abians” held at Government House Umuahia on Thursday, he noted that the denial of the former governor was not unexpected.

Governor Otti said that it was reported in the media, that instead of denying spending the fund, they then claimed that they used it for road construction which is against the evidence available.

He noted the management of the company, FEROTEX Construction Company, has admitted that the company never applied to be awarded the aborted airport project under the past administration.

However, Otti said that when the report would eventually be published, the rest of the work would be handled by security agencies, insisting also that his interest is for the money to be refunded rather than taking anyone to jail.

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The governor said, “The immediate past governor’s denial is not unexpected. When it was announced, they went to the media abusing the government and saying that the government lied.

“It is a report by KPMG which says that they diverted the money into roads. In the bank statement on the 26th of September 2020 when people were dealing with COVID-19, a debit went into the state account for N10 billion and it was payment for an 80 per cent contract of the Abia airport.

“It’s true and incontrovertible. The statement is there, the report is there. By the way, the report will be published very soon”

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