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Forensic Audit: How we spent N10b airport fund   – Ikpeazu

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Forensic Audit: How we spent N10b airport fund   – Ikpeazu
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Ikpeazu, who spoke against the background of a report that his government awarded a N10 billion contract for the construction of an airport in Abia without doing same, insisted that Otti was on clout- chasing and deceiving gullible people with the alleged forensic report he conducted on Abia finances.

He said Otti was diverting attention from the  quarterly reports of Abia State, which showed that his government had been reckless with funds.

Ikpeazu said: “Accounting for the N10billion, no dime was diverted. Otti is diverting attention from his own quarterly report which captured him spending N3billion on research and non-existent projects.

”Why is it that he is using the same Ferrotex contractor, who he accused of receiving N10billion from us for major contracts today?

”What stopped him or his auditors from asking Ferrotex for explanations? We have decided to respond to him with evidence of jobs done. The time of truth has come.”

Providing an insight into the spending of the money, a former Commissioner for Information under Ikpeazu, Chief John Okiyi Kalu, asked Otti to stop playing to the gallery and tell Abians the truth with documents at his disposal.

 Providing an insight into the spending of the money, a former Commissioner for Information under Ikpeazu, Chief John Okiyi Kalu, asked Otti to stop playing to the gallery and tell Abians the truth with documents at his disposal.

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Okiyi-Kalu said that the alleged N10billion originally budgeted for the airport project was rechanneled into other projects, following the approval of the Executive council, after traditional rulers in the state told Ikpeazu to forget an airport project but focus on repairing major roads in the state. The traditional rulers had told Ikpeazu that the airports in Owerri and Uyo made an Abia airport project unviable.

Okiyi-Kalu, who later served as a Commissioner for Trade and Investment, said that it was shocking that after a demand was made for the publication of the much talked about audit, Otti and his media handlers rushed to a blogger to help them publish an indicting report against his former principal instead of the forensic audit report.

Okiyi-Kalu said that since Otti became the Governor of Abia State, Ferotex Construction Company has been awarded the Umuimo Road, Shalom Road and Umuode Road, all in Aba.

“Currently, Ferotex Construction Company is equally handling 22.5 kilometres Isuikwuato-Abariba section of the 67.6 kilometres Umuahia-Uzuakoli-Abiriba-Ohafia Road, which is Otti’s biggest road project in Abia State.”

Okiyi-Kalu explained that the airport project issue first came to the Abia State Executive Council at a meeting on  September 24, 2020.

He said that based on the presentation made to the Exco, they approved the project and also approved the borrowing of N10billion “from UBA Plc as an initial investment by the state with repayment charged to our FAAC account with the bank.

“You may wish to recall that during the period, the country was still struggling to emerge from the COVID-19 pandemic with very low FAAC and IGR inflows across the states,” he said.

Okiyi-Kalu said the current Secretary to State Government, who is an appointee of Otti, Prof Kenneth Kalu, can review and confirm his claim from Exco records in his custody.

“Shortly after we announced Exco’s approval of the airport project, Governor Okezie Ikpeazu received in audience executives of Abia State Traditional Rulers Council then led by HRM Eze Joseph Nwabekee.

“On 13th of November 2020, Governor Okezie Ikpeazu informed members of the State Executive Council about the details of his meeting with representatives of the traditional rulers in Abia State, who requested that we suspend the airport project and commit the funds earmarked for it to do more roads in the state, as we are surrounded by airports already but need to urgently improve internal roads that would give a further boost to the socio-economic activities of the state. Exco thereafter voted to approve the suspension and request to use the earmarked funds for road projects in the state.”

He further said that on November 17, 2020, Governor Ikpeazu took to his official X (formerly Twitter) handle to inform Abia citizens that the airport project had been suspended.

Okiyi-Kalu said that Ikpeazu must have informed the then Commissioner for Works, Elder Bob Ogu, of his intention to suspend the airport project in anticipation of  Exco approval, hence the State Ministry of Works selected road projects in Abia 2020 budget for funding with the N10 billion and allocated resources to the contractors.

Okiyi-Kalu gave a detailed account of the roads and contractors that received the N10billion initially marked out for construction of an airport and listed about 18 projects that were done, in place of the airport.

According to his list: “China Zonghghao for Osisioma flyover Aba & ABSUTH Road Aba got N800,000,000. Trackcare Construction Company for Aba-Owerri road Aba (Brass to Osisioma junction segment, Ururuka road Aba,  Afor Ibeji/ Ubakala Umuahia, Stella Marris Catholic Church, etc got N1,035,000,000.

“Ferrotex Construction Company for Aba-Owerri road (Railway junction-Brass junction segment) Aba, Obohia Road Aba, Opobo Junction-Ukpakiri Ogbor-Hill Aba, Uratta Ugwuati, Itungwa, Rehabilitation of failed Ururuka got N1,500,000,000.

“⁠Shannah Jardon Construction Company for  Okigwe Road Aba, Milverton Road Aba, Cemetery-Eziukwu Road Aba got N450,000,000. Ecklean: Osusu road Aba-N200 000,000, Cosmos Construction Company for Immaculate Avenue Umungasi Aba got N150,000,000 while Setraco/Hartland for Port Harcourt road got N1,000,000,000.”

Further details go thus, “⁠Rockwaters for Ohanku Road Aba, Okpu Umuobo Aba got N650,000,000, MOW for Ebenma Street Aba and Ovom street Aba got N1, 130,000,000. Zubbalco for MBUBO Umuakwu got N200,000,000.”

Other details show that Tunnel End Construction Company got N780,000,000 for the construction of Umuene-Obikabia, Umuojima-umuokiri- Ekeakpara, umuakatawom-Eziama-Ohanze while Paceo Carretera company got -N312,000,000 for the construction of Agalaba Ring road in Obingwa.

From the same details, it shows that ⁠Delhope Construction Company got N557,000,000 for the construction of Umuobiakwa-Owo road Obingwa, Federal Medical Centre internal road, Aba Road Umuahia (GG-shoprite).

It was also gathered that MOW construction got N325,000,000 for the construction of

Umuobiakwa internal roads, umuobiakwa (Gov) roads, Mbawsi internal roads and desilting of Aba big gutter while ⁠⁠BOK construction got -N100,000,000 for the construction of Agbama Ring road Umuahia.

“Crystalkleen Construction for York/Jubilee/Nicholas street Aba got N30,000,000, Pumeco Construction for Aba road (Uchenna/ShopRite) Umuahia, Zero portholes in Umuahia roads got N353, 000,000, while Yodel construction for Afrata road, Umuahia got N100,000,000.

“⁠E&P for Trinity College Road Umuahia got N60,000,000 and Obitex Development Company Ltd for construction of Ohuhu road from Isiokata, diversion from the gully erosion at isiokata to Umuawa Ohuhu to Nkwoegwu got N125,000,000.”

More details provided show that Smutedge Company got N200,000,000 for the rehabilitation of failed portions of Umuikaa-umuenne, Pacon Company got N12,000,000.00 for completion of drains at Ozuomba/Ohazu road.

“MOW company for Zero pot holes(Aba) got N100,000,000, Charbel Company for Government house got 400,000,00 and the State Ministry of Public Utilities got N100,000,000 for Streetlights.”

He, however, explained that the list  containing the tranche payments was not exhaustive as those were the only ones in his personal Exco note that he kept during meetings.

He said that it is also true that other tranche payments were made from other sources, stressing that the Ministry of Works led by Elder Bob Ogu and the Ministry of Finance led by Dr Aham Uko back then, should be able to supply a more comprehensive list to what he was saying.

Okiyi-Kalu further revealed that Ferotex Construction Company, as one of the reputable indigenous construction companies with anti-graft agencies’ clearance was selected by the Ikpeazu administration as lead company in the “contractor financier” arrangements with UBA.

He said that the above-mentioned arrangement, the “contractor financier” arrangement was not alien within the public sector, alleging that a similar arrangement was entered into by the Otti’s government with Craneburg Construction Company for N50bn facility earmarked for “various roads”.

He explained that such lead companies are more or less consultants that would receive the bulk amount and pay other road contractors as banks would not likely agree to enter into multiple agreements with all the contractors.

He said that Otti’s claim that he got the top three audit firms in the world to do the forensic audit was untrue, as his top three audit firms have failed to follow the money as expected of any audit firm, even the least ones, adding that a serious audit investigation would simply seek to establish if the allocated funds got to the companies and also if the contractors did the work.

According to Kalu, “Those who claim that there was the need for “virement” may be speaking out of ignorance in this case. The road projects were already in our approved 2020 budget, hence no need for further house approval.

“All state revenues are expected to be used to fund state budget and from the time we had approval to spend on the roads instead of Airport there is, no further need for legislative approval.”

“For the further education of those who verbalize terms  they do not understand, “virement” is the process of transferring items from one financial account to another. In this case, the airport project and the road projects must both be in the 2020 budget before you can execute virement.

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INEC appeals ruling against Election Guidelines

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INEC Chairman, Professor Joash Ojo Amupitan (SAN)
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The Independent National Electoral Commission (INEC) has asked the Abuja Division of the Court of Appeal to set aside the judgement of the Federal High Court, Abuja, which nullified part of the the election guidelines put in place by the commission for the conduct of the 2027 general election.

Justice Muhammed Umar of the Federal High Court sitting in Abuja, had last week nullified guidelines issued by the INEC directing political parties to submit their membership registers and databases by May 10, 2026, as a condition for participation in the 2027 general election.

A political party, the Youth Party, had filed a suit challenging the legality of the electoral body’s directive or guidelines.

The court said in its judgement that INEC could not lawfully shorten the timeline already provided under Section 29(1) of the Electoral Act 2026 for the submission of party membership records and candidates’ particulars.

But, in the appeal notice dated May 25, 2026, filed by INEC, through its Counsel, Chief Alex Izinyon, SAN, the electoral umpire prayed the court to set aside the judgement of the lower court.

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How Businessman Lucky Adimike was stabbed to death by his son – Sources

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Lucky Godwin Adimike
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Businessman Chief Lucky Adimike, also referred to as Lucky Godwin Adimike, was allegedly stabbed to death by his 19-year-old son in Abuja.

The incident is said to have happened after an argument at their home in Guzape.

A report says the son, who was reportedly keeping late nights and returning from a night club allegedly stabbed him multiple times and is currently in police custody while investigations continue.

The police reportedly confirmed that a homicide investigation is ongoing.

The incident allegedly happened at his residence in Guzape, Abuja.
He was described as a businessman and electrical dealer.

Sources claimed there was an argument between him and his son, reportedly a nightcrawler, in which he scolded him to be more serious with his studies and life instead of roaming aimlessly, spending lavishly and getting into substance abuse.

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The disagreement allegedly also involved money, lifestyle expectations, and accusations about business funds.

Police reportedly found him injured after a distress call and later confirmed him dead at the hospital.

The Nigeria Police Force reportedly said several people, including a relative, were taken into custody while investigations continue.

Why youth corps member stabbed billionaire father dead -Associate

Friday, May 15, 2026, will linger in the memories of family members of the late multi-billionaire business tycoon, Chief Godwin Adimike, as the day he was allegedly killed by his 21 -year-old son.

Chief Adimike, popularly known as Egonaejeije Na Awka-Etiti, was killed in the early hours of that fateful day at his Number 3, Hassan Adamu Street, Guzape home in the Federal Capital Territory (FCT), Abuja.

Findings revealed that Adimike, a native of Awka Etiti in Anambra State, a major figure in Nigeria’s electronics and import business, was renowned for his strong presence and influence at the Alaba International Market in Lagos.

Having built a vast business empire over the decades, he was widely respected as one of the leading merchants in the popular market.

Findings revealed that Adimike was killed by his son, a member of the National Youth Service Corps (NYSC), on that night following a heated argument at their Guzape home.

When our correspondent visited the Guzape home of the deceased on Friday, the premises were cordoned-off with security operatives still carrying out forensic analysis in his apartment.

One of his close friends resident in Abuja and pleaded anonymity told our correspondent that Adimike owned houses in Lekki, Lagos and in Guzape and Maitama, Abuja, frequently shuttling between the two cities for his business interests.

He explained that the news of the incident reached the union after reports emerged that the businessman was allegedly stabbed three times by his son, who had returned from a club before the confrontation.

He said: “We received news that one of our members, one of the big boys in the market, was involved in a tragic incident. He is an importer, a major dealer, and also involved in real estate.

“He travelled to Abuja to see his first son who is working there as a youth corps member and also manages some of his father’s real estate business.

“Godwin shuttles between Abuja and Lagos because of his business.

“We were told that his son went to a club and later returned to his Guzape home, one of the estates he manages for his father.

“Apparently, a heated argument ensued after the son confronted his father about being unfair with money, citing how some of his friends’ fathers, who are not as wealthy, buy cars for their children.

“Following the confrontation and an argument over mismanagement of business funds, the son allegedly stabbed his father three times in different parts of the body as seen in the body of the deceased.

“The boy is currently in police custody in Abuja, and the wife of the deceased has also been invited for questioning”.

Adimike belongs to the Electrical Dealers Association of Nigeria (EDAN).

A neighbour, who also pleaded anonymity, said: “It was my husband that his son called at about 1am that day that he should come and see his father on the floor.

“When my husband got to their apartment, because we have six flats here, our own is the first while Adimike’s own is the second. My husband got there and saw Adimike on the floor, and he was the one that called the police. The son did not call the police.

“That day, the son was with two ladies and another of his friends.”

Another neighbour described the incident as unfortunate, saying: “That night to the following morning, there is a dog in the neighborhood that barks whenever there is a stranger.

“But that day, the dog did not bark, and this tells a lot about the situation.

“My prayers are that the police should do their investigation and come out with results. This is not funny.”

Details of the incident remain sketchy as investigations are ongoing. The motive behind the incident is yet to be established by the police.

The death of Adimike has left many people in deep shock and mourning. A man widely known for his generosity, kindness and support for the less privileged, whose name echoed across Awka-Etiti and beyond because of his philanthropic lifestyle.

Another close friend said: “What an abomination and painful tragedy. A man known for helping widows, supporting the church, empowering people and touching lives positively did not deserve such an ending.

“This heartbreaking incident is a reminder that anger, lack of self-control and family conflicts can destroy lives within seconds.

“It is also a painful lesson that wealth, fame, and influence cannot replace peace at home.

“The entire Awka-Etiti community, friends, business associates and loved ones are mourning the fall of a great iroko tree.”

Many people who knew him described him as a humble and cheerful giver whose doors were always open to the needy.

During the COVID-19 period, he reportedly distributed food items and cash worth millions to members of his community in Awka-Etiti, showing his heart for humanity and the welfare of others.

It will be recalled that the FCT Police Command on Tuesday issued a statement confirming the incident and the arrest made.

FCT Police Public Relations Officer, SP Josephine Ade, said the police had commenced investigation into the death of Adimike, whose body was discovered following a distress call from concerned persons.

Reacting to the incident, Adeh said the police responded to the report and discovered the victim lying injured in a pool of blood at his residence.

Adeh said he was immediately rushed to Karu General Hospital where doctors on duty confirmed him dead.

“Following the incident, the police swung into action and arrested five suspects, including a relative of the deceased, as part of ongoing investigations.

“The Commissioner of Police, FCT Command, Ahmed Muhammed Sanusi, ordered a discreet investigation into the circumstances surrounding the death.

“The Command urged residents to remain calm and cooperate with investigators by providing any useful information that could assist the investigation,” Adeh said.

As of Friday, Adeh told our correspondent that investigation was still ongoing. “I would not want to disclose any information now till we conclude our investigation. This is a very serious case,” he said.

While all of these are unfolding, the family members issued a statement over the circumstances surrounding his death, frowning at growing speculations and unverified claims over the tragedy.

In a statement issued on Wednesday and signed by the Adimike Family, a copy of which was obtained by THE NATION, the family cautioned the public against what it described as misinformation, speculation and false narratives circulating across social media and some news platforms regarding the gruesome killing of the businessman.

The family said many of the claims being circulated about the circumstances surrounding Adimike’s death were speculative, misleading and unsupported by facts emerging from the ongoing police investigation.

“The Adimike Family of Awka Etiti, Anambra State, wishes to strongly caution the public against the growing wave of misinformation, speculation and false narratives being circulated across social media and certain news platforms regarding the tragic circumstances surrounding his death,” the statement said.

The family stressed that contrary to widespread reports, no official determination had been made regarding the identity of the perpetrator or the brains behind the killing.

“As of this moment, no official determination has been made regarding the identity of the perpetrator(s), and the family considers it irresponsible and deeply hurtful for individuals and platforms to spread unverified allegations and assign blame without evidence,” the statement added.

The family further appealed to members of the public and media organisations to avoid sensational reporting and allow law enforcement authorities to conclude investigations professionally.

“The family respectfully appeals to the public and media organisations to refrain from sensationalism, allow the police to conclude their investigations professionally, and keep the family in prayers during this difficult period,” it stated.

News of Adimike’s death had sparked widespread reactions after reports emerged alleging that the prominent businessman and philanthropist was killed inside his Abuja residence following a domestic altercation.

However, the family’s statement appears to push back against what it described as premature conclusions while police investigations continue.

Our correspondent also saw a viral audio sound of the deceased’s wife crying and saying in Igbo language that she is being accused of killing her husband.

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DISCLAIMER: NDC disowns John Paul Anih

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…Says he’s neither Enugu State Chairman, nor represents NDC

The attention of the National Working Committee (NWC) and entire leadership of the Nigeria Democratic Congress (NDC) has been drawn to the nefarious activities of a certain John Paul Anih who is purporting to be the Enugu State Chairman of NDC, there by impersonating the authentic and legally recognised Enugu State Chairman, in the person of Engr. Ibuchukwu Obeta.

Apart from impersonating our state Chairman, the said Mr. John Paul Anih, we learnt also conducted a kangaroo state Congress where he allegedly installed himself as state chairman. He has also approached a court in Enugu, seeking to compel NDC to recognise him as our state Chairman for Enugu State.

Mr. John Paul Anih did not stop at that. While his case is yet to be heard, he went ahead to forge and reproduce copies of the NDC Expression of Interest Forms which he sold to unsuspecting prospects.

The NDC hereby warns unsuspecting members of the public that Mr. John Paul Anih does not represent the NDC in any category whatsoever, and whoever transacts any business with him on behalf of the NDC does so at his/her own risk.

Earlier today, we learnt that John Paul Anih has also seized the opportunity of the ongoing screening of aspirants by the party and set up what he called an aspirant screening Committee for Enugu State, which he is using to further defraud and extort some gullible politicians.

For the avoidance of doubt, the National leadership of the NDC has set up screening committees to screen aspirants for the state houses of assembly across the 36 states of the Federation. The three-man team for Enugu State comprises the following:

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Hon. Sylvester O. Nwankwo – Chairman
Barr. Ifeanyi Emmanuel Agbom- Secretary
Ngene Helen Funmilola – Member

Any other person outside of the above mentioned, purporting to be a member of the Enugu State House of Assembly aspirants screening Committee is a fraud and should be treated as such.

We reiterate that John Paul Anih is a fraud, does not represent the NDC, and is not by any stretch of the imagination, the Enugu State Chairman of NDC.

Signed:

Osa Director Esq.
National Publicity Secretary,
Nigeria Democratic Congress (NDC)

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