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How Previous Govt Shared N10bn Abia Airport Fund – Gov Otti

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By Eric Elezuo

The coming of Dr. Alex Otti as the governor of Abia State since May 2023 has continued to generate discourse in the political cycle as a result of the vote of confidence he has received across party, regional and ethnic divides.

Otti’s landmark achievements in less than a year in office, especially in infrastructural development in the commercial city of Aba, seems to have catapulted him to the highest echelon of administrative excellence in the state, dwarfing the 24 years experience of administrations of the Peoples Democratic Party (PDP). Otti is of the Labour Party.

Among his activities as governor include the exposure of grey areas in previous administration, especially as concerns his immediate predecessor, Mr. Okezie Ikpeazu.

Otti had alleged while making a presentation at the Johns Hopkins University School of Advanced International Studies. Washington DC, United States that a forensic audit revealed how the immediate past government of Abia State released some funds to some contractors to handle the construction of a state-owned airport and other infrastructure believed not to be in existence.

But Ikpeazu denied through his spokesman, Onyebuchi Ememanka, tagging the report as a tissue of lies, intricately woven by a spin doctor to deceive his audience. He also said that Otti has deep hatred for him, and has targeted him for attacks.

The statement reads in part, “Our attention has been drawn to trending reports of a speech delivered by the Governor of Abia State, Dr Alex Otti at a forum somewhere in the United States of America, wherein he made certain allegations against his predecessor in office, Dr. Okezie Ikpeazu, bothering on financial malfeasance.

“Ever since leaving office as Governor of Abia State for two consecutive terms, Dr Okezie Ikpeazu has carried himself with the dignity his present situation in life demands and has, as a matter of personal policy, avoided any confrontation with the present Governor and his administration.

“At best, what Dr. Ikpeazu has authorized are clarifications whenever the current administration seeks to misinform the public about what transpired during the last administration. Clear instances of these abound and a few of them shall be highlighted later in this release…”

Most other loyalists of the former as well as PDP apologists, including a group that called itself Centre for Reform and Public Advocacy, have also criticized Otti for his statement.

In a letter signed by a member of the group’s board of directors, Ukpai Ukairo, they demanded “A copy of the Forensic Audit Report which Governor Alex Otti, the Executive Governor of Abia State referred to and relied upon in his Town Hall Meeting in the United States of America to allege that His Excellency, Victor Okezie Ikpeazu’s administration paid billions of Naira for an airport and to un-named contractors…”

It is imperative to note that Mr. Ukairo has been the Legal Adviser of the South East PDP.

But the Abia State governor, has again said he will soon make public the forensic audit report which indicted his predecessor, of diverting billions of state funds meant for projects to individual company accounts.

He also said the immediate past administration transferred the said N10 billion airport funds into 32 different company accounts before it was shared, adding that the money had already been transferred out of the state government account before they approached the Abia State House of Assembly for approval.

The governor’s clarification came on the heels of the previous statement in the US, and the reactions that followed, This was during his monthly media chat, tagged “Governor Alex Otti Speaks to Abians” held at Government House Umuahia on Thursday.

While noting that the denial of the former governor was not unexpected, Otti pointed out 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.

According to the governor, 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

He maintained, however, 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.

“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.

“But I can assure you that as reported by the media, it’s KPMG that did the forensic audit.

“So, clearly something went wrong. Our engagement with the company that received the money gives the impression that the company was deceived. The Managing Director of the company said that he told them that he had never built an airport before and that it is not his area of competence neither did he apply to them to construct an airport.”

Otti’s mention of the company involved in the audit puts to rest the claim that the governor was witchhunting his predecessor. And again, the procedural sharing of the amount also revealed that something actually went wrong with the said N10 billion.

The following days will reveal more even as pro-Ikpeazu group will seek more ways to defend their principal.

“It’s very simple; all those defending the theft of the N10 billion participating in the looting otherwise they won’t have a moral ground to defend illegality. They should all be investigated,” an analyst told The Boss.

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Samsung’s CEO, Han Jong-Hee, Dies at 63

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The co-CEO of Samsung Electronics, Han Jong-Hee, has died of heart attack on Tuesday. He was aged 63.

A spokesperson for the South Korean tech giant confirmed this.

Han, who oversaw Samsung’s consumer electronics and mobile devices businesses became the Chief Executive Officer of South Korea’s biggest company in 2022.

He had joined the tech giant in 1988 after earning a bachelor’s degree in electrical engineering from Inha University. Before he started to run Samsung’s electronics and devices division, he was in charge of the display operations.

In a tribute to the deceased, Samsung said Han dedicated more than 37 years of his life to leading Samsung’s TV business to become a global leader.

The company said, Han as the head of its electronics and appliances businesses, contributed to its growth amid challenging business environment.

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HURIWA Tasks Fagbemi, Onanuga to Prove Fubara’s Alleged Link to Militants

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The Human Rights Writers Association (HURIWA) of Nigeria has criticised the Attorney General of the Federation (AGF), Lateef Fagbemi, and Special Adviser to the President on Information and Strategy, Bayo Onanuga, for alleging that Rivers State Governor, Siminalayi Fubara, is connected to militant activities in the Niger Delta.

The group described the claims as baseless and lacking credible evidence.

In a statement issued on Monday in Abuja, HURIWA’s National Coordinator, Comrade Emmanuel Onwubiko, addressed remarks made by Fagbemi last week, accusing Fubara of “tele-guiding militants” to sabotage oil installations.

Onanuga, in a separate opinion piece, supported the Federal government’s declaration of a state of emergency in Rivers State, citing intelligence reports suggesting militant threats linked to the governor.

“These are serious allegations that can destabilise not only Rivers State but the entire Niger Delta, yet no concrete evidence has been made public to substantiate them,” Onwubiko said, faulting the officials’ reliance on unverified intelligence.

HURIWA highlighted Governor Fubara’s denial of the allegations in an official statement earlier on Monday, where he rejected any ties to militant groups and labeled viral videos alleging explosions on oil and gas facilities in Rivers State as “fake and malicious.”

The group praised Fubara’s call for security agencies to investigate the videos’ origins and prosecute those responsible.
“Governor Fubara’s insistence on peace and constitutional governance has been clear in all his public engagements. It is disheartening to see such character assassination being perpetuated from the highest levels of the federal government,” Onwubiko stated.

The association questioned why federal authorities have not presented tangible evidence if it exists, arguing, “As far as we are concerned, the dissemination of these unproven claims is not just unprofessional but a dangerous precedent in the democratic space.”

HURIWA also challenged Fagbemi and Onanuga to avoid “pettiness and rumour mongering,” urging them to base their statements on facts.

“It is disgraceful that at a time when Nigerians are yearning for stability and good governance, top officials of the federal government are busy engaging in baseless accusations, further tarnishing Nigeria’s image before the international community,” the statement added.

The group further criticized the state of emergency in Rivers State as “unconstitutional, unnecessary, and politically motivated,” asserting that no evidence of war or a breakdown of law and order, as required by Section 305 of the 1999 Constitution, has been shown. “The AGF and other federal agents must be reminded that the Supreme Court judgment, which is now being used to justify executive overreach in Rivers State, does not license rumour-based governance,” HURIWA noted.

HURIWA urged Fubara to pursue legal action against those making the claims, stating, “even if the judiciary is seen by some as compromised, it is essential to set the record straight by taking advantage of available legal avenues.”

The association called on security agencies to launch a transparent forensic investigation into the allegations and incidents in Ogoniland and other parts of Rivers State, insisting it must remain free of political interference. “The dangerous game of labeling peaceful citizens as militants without evidence is not only reckless but risks plunging Rivers State into avoidable chaos. Nigeria’s democracy deserves better,” the group concluded.

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Dangote Cement Achieves Higher CDP Ratings for Climate Change & Water Security

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Dangote Cement Plc (DCP) has achieved a ‘B’ score in climate change and water security disclosures according to the recently released 2024 CDP results.

CDP (formerly Carbon Disclosure Project) is the world’s largest, most comprehensive dataset on environmental action which empowers investors, companies, cities, and national and regional governments to make earth-positive decisions. Dangote Cement has disclosed its environmental practices annually through the CDP since 2018.

CDP provides a voluntary framework for companies to report on Climate, Water Security, and Forests. It rigorously evaluates corporate environmental performance, assigning scores from A to D based on companies’ transparency, governance, and measurable actions towards sustainability.

Following the release of company scores in February, Dangote Cement’s score on water security which was C was upgraded to B. Similarly, the company’s commitment to supporting a climate resilient future was also demonstrated in its climate change score of B in 2024.

Managing Director/Chief Executive, Dangote Cement, Mr. Arvind Pathak speaking on the new rating said, ‘Dangote Cement leads in Africa as one of few businesses in six states and regions of Africa to disclose through CDP.’ He further stated that ‘the 2024 score is an outcome of ongoing efforts to reduce our carbon footprint, accelerate climate action and promote sustainability across our business and its value chain’.

The Head, Sustainability, Dangote Cement, Dr. Igazeuma Okoroba in her remarks expressed gratitude to all stakeholders who aligned with the Group’s Environmental, Social, and Governance (ESG) strategy overseen by the company’s Board which supported the achievement of an improved rating this year. She stated that ‘this year’s results are evidence that our contribution to create a world where people, planet and profit are truly balanced is paying off.’

Affirming the company’s commitment to decarbonisation, Dr Igazeuma stated that ‘Although this year’s score demonstrates our transparency on sustainability, DCP’s goal is to go beyond disclosure and take meaningful action through tangible solutions, innovations, and projects to close the gap between ambition and reality.’

Dangote Cement Plc is sub-Saharan Africa’s largest cement producer with an installed capacity of 45.6Mta across 10 African countries and operates a fully integrated “quarry-to customer” business with activities in manufacturing, sales, and distribution of cement.

The company is on track to meet its decarbonisation targets through energy efficiency measures, adoption of supplementary cement materials, carbon offsets and other sustainable practices.

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