ADVERTISEMENT
Apples Bite International Magazine
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    Mercy Aigbe and Regina Daniels

    “I’m Sending My Love And Prayers To You” – Mercy Aigbe Tells Regina Daniels Amid Her Marital Crisis

    Femi Falana

    “Don’t Lose Sleep Over Trump’s Threat, Address Your Own Failure To Tackle Insecurity” – Falana To FG

    Gabrielle Union and her daughter

    “We Think We’re Post-Racial But We Are Not” – Gabrielle Union Says Racism Is Violent

    Lagos CP Maintains Sowore Wanted Status Despite Legal Contact

    “It’s A Reinforcement Of Judicial Independence” – Sowore Reacts To Court Order Restraining Lagos Police From Arresting Him

    Iyabo Ojo

    Iyabo Ojo Has Solidified Her Position As One Of Nollywood’s Best – Funke Akindele

    Yemi Osinbajo

    “GDP Growth Doesn’t Translate To High Quality Of Life For Citizens” – Osinbajo To African Leaders

    Communist Autocracy – US Lawmaker Slams China Over Support For Nigeria Amid Trump’s Military Threat

    US-China Tensions Flare Over Nigeria as Congressman Rejects Beijing’s Interference Warning

    FG Urges Media Restraint, Says Sensational Reportage Emboldens Terrorists

    FG Urges Media Restraint, Says Sensational Reportage Emboldens Terrorists

    Stephanie Linus Releases Award-Winning Film 'Dry' on YouTube in Memory of Abuse Victims

    Stephanie Linus Releases Award-Winning Film ‘Dry’ on YouTube in Memory of Abuse Victims

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    Mercy Aigbe and Regina Daniels

    “I’m Sending My Love And Prayers To You” – Mercy Aigbe Tells Regina Daniels Amid Her Marital Crisis

    Femi Falana

    “Don’t Lose Sleep Over Trump’s Threat, Address Your Own Failure To Tackle Insecurity” – Falana To FG

    Gabrielle Union and her daughter

    “We Think We’re Post-Racial But We Are Not” – Gabrielle Union Says Racism Is Violent

    Lagos CP Maintains Sowore Wanted Status Despite Legal Contact

    “It’s A Reinforcement Of Judicial Independence” – Sowore Reacts To Court Order Restraining Lagos Police From Arresting Him

    Iyabo Ojo

    Iyabo Ojo Has Solidified Her Position As One Of Nollywood’s Best – Funke Akindele

    Yemi Osinbajo

    “GDP Growth Doesn’t Translate To High Quality Of Life For Citizens” – Osinbajo To African Leaders

    Communist Autocracy – US Lawmaker Slams China Over Support For Nigeria Amid Trump’s Military Threat

    US-China Tensions Flare Over Nigeria as Congressman Rejects Beijing’s Interference Warning

    FG Urges Media Restraint, Says Sensational Reportage Emboldens Terrorists

    FG Urges Media Restraint, Says Sensational Reportage Emboldens Terrorists

    Stephanie Linus Releases Award-Winning Film 'Dry' on YouTube in Memory of Abuse Victims

    Stephanie Linus Releases Award-Winning Film ‘Dry’ on YouTube in Memory of Abuse Victims

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
Apples Bite International Magazine
No Result
View All Result
Adron Homes
Home News Bite

Why I Cannot Jail My Predecessor Ikpeazu — Otti

Madukwe Nwabuisi by Madukwe Nwabuisi
May 11, 2024
in News Bite, Politics
0
Why I Cannot Jail My Predecessor Ikpeazu — Otti

Ikpeazu-Otti

0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Governor Alex Otti of Abia state has said that he is interested in recovering the N10 billion allegedly spent on a non-existent airport project by his predecessor Okezie Ikpeazu, and not jailing him. 

Speaking at a media parley, Otti said his predecessor allegedly paid the largesse into the account of a company that never bided for the project and later instructed the firm to wire the fund into 32 different accounts in tranches.

He wondered what else the act could be called other than graft, vowing that it was either those who swallowed the fund vomited it or “they show us the airport”.

Otti also said that the entire forensic audit report conducted by a reputable audit firm would be made public. He said; 

“The immediate-past Governor’s denial is not unexpected. First of all, when it was announced they went to the media abusing the Government and saying Government lied, that there is nothing like that.

“Then when a media house that got hold of the report published it, of course the next thing was to attempt to explain it away. But that was a report by a very reputable audit firm – KPMG. So, what they said was that they diverted the money into roads. Therefore, it’s up to them to come and show us the roads.

“But what is true is that bank statement on the 25th of September 2020 when COVID-19 was dealing with people, a debit went into the state account for N10 billion, and the description was: payment for 80% of the contract of the Abia airport. That’s true and incontrovertible! The statement and report are there, and will soon be published. I can assure you that it was KPMG that did that forensic audit report.

“On the 13th of October, almost three weeks after, a letter was written by the then Governor (Ikpeazu), to the State House of Assembly requesting for approval of N10 billion for the construction of Abia airport. On the 14th of October, one day after, a letter was written to the then Governor by the House of Assembly, giving him approval for the N10 billion that he requested for the airport. So, clearly, something went wrong. An ISPO was raised in between these dates.

“So, our engagements with the contractor that received the money gave an 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; that it’s not his his area of competence, neither did he apply to them to construct an airport.

“So the people denying, the question for them is: how come money moved into an account of somebody who has said he neither sent a bid for an airport nor has he the competence to construct an airport. Of course, he will respond to security agencies.

“But according to him, the then government asked him to move the monies elsewhere. He showed us letters from the then Government to move the money in different tranches to 32 companies, and that he did that on the instruction of the former Government.

“So, like I said, the rest of the work will be done by security agencies. But what is important to our Government is: either that somebody is showing us the airport or somebody is returning our money. That’s what is important to us. We are not interested in the fireworks and all the abuse. We are not even interested in anybody going to jail except if they are telling us that somebody whose money is missing should not look for it. Where I come from, if your property is missing you have to look for it. So, we are looking for our money or in the alternative, our airport!”.

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: IkpeazuOtti

Related Posts

Mercy Aigbe and Regina Daniels
Entertainment

“I’m Sending My Love And Prayers To You” – Mercy Aigbe Tells Regina Daniels Amid Her Marital Crisis

November 6, 2025
Femi Falana
Politics

“Don’t Lose Sleep Over Trump’s Threat, Address Your Own Failure To Tackle Insecurity” – Falana To FG

November 6, 2025
Gabrielle Union and her daughter
Entertainment

“We Think We’re Post-Racial But We Are Not” – Gabrielle Union Says Racism Is Violent

November 6, 2025
Lagos CP Maintains Sowore Wanted Status Despite Legal Contact
Politics

“It’s A Reinforcement Of Judicial Independence” – Sowore Reacts To Court Order Restraining Lagos Police From Arresting Him

November 6, 2025
Iyabo Ojo
Entertainment

Iyabo Ojo Has Solidified Her Position As One Of Nollywood’s Best – Funke Akindele

November 6, 2025
Yemi Osinbajo
Politics

“GDP Growth Doesn’t Translate To High Quality Of Life For Citizens” – Osinbajo To African Leaders

November 6, 2025
No Result
View All Result

Recent Posts

  • Editorial: Tinubu’s Tax Policies Are Killing Nigerians
  • “I’m Sending My Love And Prayers To You” – Mercy Aigbe Tells Regina Daniels Amid Her Marital Crisis
  • “Don’t Lose Sleep Over Trump’s Threat, Address Your Own Failure To Tackle Insecurity” – Falana To FG
  • “We Think We’re Post-Racial But We Are Not” – Gabrielle Union Says Racism Is Violent
  • “It’s A Reinforcement Of Judicial Independence” – Sowore Reacts To Court Order Restraining Lagos Police From Arresting Him

Recent Comments

    Apples Bite International Magazine

    Apples Bite Magazine is your premier destination for updates in business, daily news, and entertainment. At Apples Bite, we serve insightful stories and in-depth analysis, curated to empower professionals, entrepreneurs, and forward-thinking individuals who thrive on staying ahead of the curve.

    © 2025. All Rights Reserved. ApplesBite International Magazine. Designed by DeedsTech.

    No Result
    View All Result
    • News Bite
      • Politics
      • International
      • National
      • Show Biz
      • Events
      • Security
      • Sports
      • Press Release
    • Lifestyle Bite
      • Fitness
      • Nutrition
      • Personal Growth
      • Travel
    • Health Bite
      • Doctor’s Diagnosis
    • Brand & Business Bite
      • Energy
    • Fashion Bite
    • Opinion Bite
      • Featured Story
      • Fiction & Poetry
      • Career
      • Teachings
      • ABM Staff Blog
      • ABM True Stories
      • Research
      • Tech
    • More
      • Latest Magazine Issue
      • Leadership 360°
      • Religion
      • Education
      • Law
      • Metro
      • Romance
        • Love
        • Sex and Relationship
        • ABM TV
        • Interviews
        • Movies
        • Red Carpets
    • Contact Us

    © 2025. All Rights Reserved. ApplesBite International Magazine. Designed by DeedsTech.