The Abia State government says it is not true that that the Okezie Ikpeazu-led administration left any N24 billion in the account of Abia state government as falsely claimed.

The Special Adviser to the Governor on
Finance, Mr. Mike Akpara made this disclosure while briefing the press at Government House, Umuahia on the issues of several billions of Naira allegedly left behind for the Dr. Alex Otti led-government by the former government of Dr. Okezie Ikpeazu.

He said that the 200 million Dollars and 50 million Dollars the past administration claimed it left for the new administration are loans they were pursuing which is yet to crystalize.

The Special Adviser reviewed that outside the humongous financial liabilities left behind by the Ikpeazu-led government, the administration also left physical liabilities in all key institutions of Abia State government including, the University Teaching Hospital, Abia Polytechnic among others

READ ALSO:  Gov Otti Plans To Increase Minimum Wage, Clarifies Trending Issues Of Governance

He further disclosed that the summary of Abia State Government balances with different banks as at 28th May 2023 included; loan balance to UBA (8,012,830,371.44)
,ZENITH BANK (21,557,168,761.71)
, UNION BANK (597,637,399.55)
and CENTRAL BANK (47,760,302,510.12)
, making a total balance of (77,927,939,042.82) for loan balance while domestic debts were as follows; Salaries and subventions arrears (18,162,102,692.92), pension arrears (21,283,876,789.80), gratuity arrears (27,012,996,061.64)
and contractors arrears (4,563,186,896.65)
leaving a total domestic debts arrears at 71,022,162,441.01. He also made public that the external debts of the State is 42,289,206,109.84, making the grand total of debt left for the present administration N191,239,307,593.67.

according to Akpara, if Ikpeazu had the billions he claimed to have left behind for the Governor Otti led-government in April and May, why did he not pay workers and pensioners before leaving office, since? adding if Ikpeazu is trying to preempt anti corruption agencies by making such provocative false claims, he should know that the anti corruption agencies work with facts and figures, and even if the former Governor runs into the APC to seek refuge as he plans to do, these anti corruption agencies would pursue and bring him to justice from there.

READ ALSO:  OKOROCHA/UZODIMMA SAGA: 14 Of Senator Okorocha's Aides Arraigned, Police List Offences

The Special Adviser, who was flanked by the Special Adviser to the Governor on Media and Publicity,
Ferdinand Ekeoma , the Chief Press Secretary to the Governor, Mr. Kazie Uko and the Accountant General of Abia State, Mrs. Njum Onyemenam reassured Abia people of the Governor ‘s commitment to clearing all arrears of salaries, pensions and gratuities before 31st December, 2023.

Do you have any information or event for candid reporters to publish or cover? Kindly Call us on 09019260726 or send us message on Whatsapp number 07034623382 or send us an email

Disclaimer: Candid Reporters publishes news, information, sports, opinions, and Interviews. The site includes both reported and edited content. Unmoderated posts and Comments expressed here do not reflect the opinions of Candid Reporters or any employee thereof..


Please enter your comment!
Please enter your name here