Forensic Investigation Reveals Dr Okezie Ikpeazu Paid N107.2bn To Non-Existing Projects In The State


The Governor of Abia state, Dr Alex Otti, has revealed that the immediate past administration of Dr Okezie Ikpeazu paid N107.2bn to non-existing projects in the state.

This revelation was sighted in a recorded video posted on social media, over the weekend.

In the recorded video, Abia state Governor, Dr Alex Otti, who gave a lecture at Ohns Hopkins University School of Advanced International Studies, Washington DC, revealed that forensic Auditors appointed by his administration revealed how the immediate past administration of Dr Okezie Ikpeazu, paid out state funds to non- existent construction in the state.

Governor Otti, who was speaking on the theme, ‘Dynamics of State Governance, Economic Transition and the Challenges of Seeking to Establish a New Order Amidst Multiple Constraints and Pushbacks.’ said that it was difficult to admit how some Nigerian leaders contest elections for reasons shrouded in corruption.

The governor who took over from Okezie Ikpeazu in 2023 explained that some politicians have abused the privilege of governance thereby impoverishing their states.

Otti explained how he engaged one of the top audit firms to examine the state accounts, adding that the auditor uncovered several deals that are shrouded in corruption.

He said, “Talking about corruption, I set up a forensic audit as soon as I took over last year in Abia so that there won’t be any argument, I called in one of the top three audit firms in the world and not too long ago, they sent in their report and some of the things in the report are frightening.

“So, N79.3bn was paid to seven contractors for contracts that were not executed at all up till today. Another N15.9bn- almost N16bn was paid to 63 contractors with no supporting documents anywhere in the State,” the video revealed.