Nigeria News
Exposed:Ikpeazu Allegedly Transferred Billions Of Naira To Political Associates – Bank Reports
Abia State Governor is one top flight governor who has been dragged into a fresh huge case of financial and corruption scandal in Nigeria.
According to report monitored by Naija news from Peoples Gazette and based on a trove of financial records, companies linked to business and political allies of Governor Okezie Ikpeazu have been receiving billions from state-run bank accounts .
Mr. Ikpeazu has often lamented Abia’s inability to generate enough revenues towards social and capital development of residents, yet the governor approved billions to his political underlings without securing relative service delivery, bank documents said.
Between 2016 and 2017, an estimated N3.4 billion went to three companies owned by Enyinnaya Nwafor, a close friend of Mr. Ikpeazu’s, from state bank accounts.
Mr. Nwafor, son of a departed former deputy governor, has used Tunnel End Investment Co. Ltd, Rock-Waters Integrated Services Ltd, Tetra-Lock Business Solutions Ltd to receive contracts in Abia under Mr. Ikpeazu.
Delhope Resources Ltd, a registered Internet cafe, received contracts worth N412 million from Mr. Ikpeazu’s administration. It belonged to his business associate Innocent Adiele.
Naija news also learnt that out of N105 billion debits from the Abia accounts for 2016 and 2017, at least N3.8 billion went to Tunnel End, Rock-Waters, Tetra-Lock and Delhope.
Further analysis of Abia’s finances under Mr. Ikpeazu showed three bank accounts were specifically targeted for questionable withdrawals in favour of businesses linked to the governor’s friends.
The state’s excess crude accounts, local revenue accounts and foreign loan interest accounts all saw massive withdrawals in favour of Tunnel End, Rock-Waters, Tetra-lock, and Delhope between 2016 and 2017. Other companies run by Mr. Ikpeazu’s associates that also received suspicious payment are still being identified.
Here are some of the proofs of Abia state government transactions. You can download links below
