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Geometric $3.5million stake: Otti lied – Ikpeazu *Nobody can steal my glory

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Okezie Ikpeazu, former Abia State Governor, has called out Alex Otti, his successor in office over the five percent equity investment by the state in the newly commissioned Geometric Power, Aba, saying it was unfortunate for the incumbent to have claimed he was not aware of the investment.

Otti, who had denied knowledge of the $3.5 million the previous administration claimed to have invested in the power project, to acquire shares on behalf of Abia State, also expressed worry at the huge debt he inherited from Ikpeazu’s administration.

His words: “It is not about the debt, it is about what the debt is used for. If you inherited a debt profile of N34.4 billion by May 29, 2015 and eight years later you ran that debt to about N192.2 billion.

“I really can’t see anything that you have done with the money – salaries were not being paid, pensioners were being owed, infrastructure was decaying, the place go into ruins, schools were run down completely, hospitals were dilapidated. So, the issue is where did the money go?

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“If I am going to take debt, it is going to go into regenerative expenditure. But when you are taking loans and you are running the state into debt, just for consumption, you are not investing in the state; you are not paying salaries; that’s actually what I was talking about.”

Ikpeazu in interview from the United States of America on Sunday, said the controversy around the Geometric Power and Abia State government investment was needless if African leaders are interested long term planning and in sustaining the programme of their predecessors.

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“This is the major difference between us and the west!” he said, adding, “Unfortunately our leaders don’t find such projects attractive because they have minimal pecuniary benefits and successive administrations in Africa destroy and abandon them ( just because they don’t want their predecessor) to take credit!”

He described as unpatriotic, Otti’s attempt to stop the Enyimba Economic City project , noting that the project that was capable of providing 600,000 jobs and should be of national interest.

According to him, it is only such trans-generational projects that can redefine the nation’s economy and give quantum leap to economic development efforts.

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“Palliatives and mere houses cannot change anything, neither can they create the kind of jobs we need, but an economic zone like Tinapa or Enyimba Economic City can,” he added.

⁠”With this disposition, no governor will embark on any project that he can’t complete in four years. This is why we run a palliative economy.

“Alex Otti is a pathological liar. He lied again that I borrowed and spent $115m from African Development Bank, as well as $50 million from Rural Access and Agricultural Marketing Project (RAAMP), whereas these funds were applied for under Ochendo (Theodore Orji), and they dropped just before we left office. Technically, it’s Otti that has them because we did not spend one dime,” he defended.

Also, his Commissioner for Information; Trade & Investment, Chief John Okiyi Kalu, argued that if the governor had read the handover note given to him, he would have found the details of the payment.

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He challenged Governor Otti to publish the letter he received on February 28, a day he appeared on national television for the whole world to see that he lied and misrepresented facts.

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Kalu called for an independent probe be instituted with the former finance managers under Ikpeazu “to review the equity issue even though Otti’s government has now admitted receiving the confirmatory communication from Geometric.”

The former commissioner stated that Otti’s administration is the beneficiary of the $50 million from Rural Access and Agricultural Marketing Project (RAAMP) account for 500km of listed rural roads in Abia State.

“In additional to that, Dr. Ikpeazu negotiated and got $115 million from AfDB, to do more roads in Abia State. The roads in the AfDB loan portfolio were designed by an international consultant through a procurement process supervised by AfDB with $1.5 million grant from AfDB. Governor Otti is now benefiting,” he said.

 

 

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FG approves Abuja-London route for Air Peace, reviews BASA pact with UK

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The much-awaited flight on Abuja-London route for Air Peace, the Nigerian-owned entity, which recently began operations on the Lagos-London space, will soon commence as the airline has secured the nod of the Federal Government to go full blast with the operation.

Festus Keyamo, Minister of Aviation and Aerospace Development, who gave the indication, when he appeared as a guest on Politics Today a current affairs programme on Channels Television, on Thursday, said the competition that would arise from the development was good for not only the industry, but Nigerians, billed to benefit from it.

A palpably upbeat Keyamo, told his host: “Just yesterday (Wednesday), I approved Air Peace for the Abuja-London route, not only Lagos-London route. British Airways also come to Abuja. So, let Air Peace block that path and start a war. It’s all for the good of Nigerians.”

Keyamo, who argued that there was no reason to restrict the Nigerian airline to Gatwick, its current destination, maintained that in time, it would also be flying into Heathrow Airport, acing that the current situation was just a low-hanging fruit and a starting point for now.

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In fact, Keyamo, who spoke against the backdrop of many complaints by Allen Onyema, Chief Executive Officer (CEO) of the airline about attempts to frustrate the operation, stated that Nigeria was currently reviewing its Bilateral Aviation Safety Agreement (BASA) with the UK and Nigeria, to address all issues, adding that some decisions would be made at the conclusion of the review.

On March 30, 2024, Air Peace reciprocated the lopsided Bilateral Air Service Agreement (BASA) between Nigeria and the United Kingdom when the local airline began direct flight operations from Lagos to Gatwick Airport in London.

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The development has been applauded by many industry observers, with more local airlines being encouraged to commence international flights to profitable routes.

The price of an international flight ticket on the Lagos-London route was as high as N3.5 million, but with Air Peace pegging a return economy class ticket for N1.2 million, foreign airlines such as British Airways, Virgin Atlantic, and Qatar Airways have been forced to slash their prices to stay competitive.

The entrance of Air Peace on the London route has sparked a price war, with foreign carriers now underpricing to stay in business. On this, Keyamo said the government has been observing the unfolding events and would support Air Peace with all federal might.

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Ibom Air orders 10 new aircrafts for domestic operations

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No fewer than 10 brand new aircrafts have been ordered by the Akwa Ibom State Government, owners of Ibom Air, one of the operators on the Nigerian domestic air business, in what Umo Eno, Governor of the state, said was an effort to expand its operations.

Eno, who was a guest of Politics Today, a current affairs programme on Channels Television, on Thursday, was speaking on the efforts the government was making to improve and expand the operations of the entity, the only state-owned airline in the country.

The governor, who said the first batch of the order had since arrived and would soon resume operation after passing all the checks by the Nigerian Civil Aviation Authority (NCAA), explained that the state was not yet looking at drawing money from the airline but rather reinvesting all profits to expand the airline, he added: “You have to know that Ibom Air keeps expanding. So, for the government, we are not setting up right now to begin to earn naira and kobo. When we make profit, we will put the profit back to keep expanding operations.”

Against the backdrop of an incident involving one of the planes belonging to the airline in Lagos at the Murtala Mohammed Airport in Lagos on Thursday, the governor maintained that safety had remained the major priority of the airline, adding that none of its planes was allowed to take off without comprehensive safety checks carried out.

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In a post on his X account, a former Director-General of the Bureau of Public Service Reforms, Joe Abah, had narrated how a ground engineer saved travellers including himself on an Abuja-bound Ibom Air flight from a “potential disaster.”

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Abah, who had narrated how the aircraft was already taxiing before a loud knock from outside by the ground engineer forced the pilot to halt the aircraft, said the ground engineer told the pilot that he could not leave because his landing gear was bad.

But Eno, in a quick riposte, said: “For us in Ibom Air, we do all our checks before the aircraft departs and all of the approvals are always done. So, what you are talking about right now (the Lagos incident), I think it is as a result of the checks they did.

“I don’t have the full details but we will not (allow) the departure of any aircraft if we don’t follow all of the procedures. All the engineers and everyone sign off before the aircraft departs.”

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N107billion: Anti-corruption group demands Otti’s Forensic Audit Report against Ikpeazu

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The controversy surrounding the alleged pillaging of a whopping N107billion, raised by Alex Otti against Okezie Ikpeazu, his predecessor, took a new turn on Thursday, with stakeholders in Nigeria’s civil society wading into the matter with a demand for all the documents relating to it.

Centre for Reform and Public Advocacy (CFR&PA), a Pro-democracy, human rights, anti-corruption and public interest advocacy group, in a letter to the governor, who made the mind-boggling revelation, particularly demanded access to the Forensic Audit Report (FAR), detailing the particulars of the said fraud.

The letter, which came under the Freedom of Information (FoI) Act, also copied to Kenneth Kalu, Secretary to State Government (SSG) and Ikechukwu Uwanna, Attorney General and Commissioner for Justice, was signed by Ukpai Ukairo, Member, Board of Trustees, of the group.

Entitled: Application for access to records under the section 1 and 3 of the Freedom of Information Act, the letter dated 23-04-2024, which the group indicated was received, stamped the next day, read: “We respectfully apply for access to the following records, to wit: A copy of the Forensic Audit Report which Governor Alex Otti, the Executive Governor of Abia State referred to and relied upon in his Town Hall Meeting in the United States of America to allege that His Excellency, Victor Okezie Ikpeazu’s administration paid billions of Naira for an airport and to un-named contractors,

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“The Letter of appointment of the Audit Firm that carried out the Forensic Audit as required under the Public Procurement Act, The voucher/s showing the payments made to the Audit firm for its professional services, The extract of the minutes of Executive Council Meeting adopting the said Forensic Audit Report.”

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Relying on the stipulation of the law, allowing for one week for the documents to be provided, the group, added: “Please, permit us to remind you, that you have seven days, under the Freedom of Information Act, to release the above records to us. Accept the assurances of our highest regards.”

Otti, had Friday, April 19, 2024, at the Johns Hopkins University School of Advanced International Studies, in the United States of America told his audience comprising indigenes of the state, residing in the US: “Talking about corruption, I had set up a forensic audit as soon as I took over office in Abia, last year (2023). 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 turned in their report, and some of the things in their report are frightening.

“So, some N9.3 billion was paid to seven contractors for contracts that were not executed at all up till today. Another N15.9 billion (N16 billion) was paid to 63 contractors with no supporting documents anywhere in the state. Another N12 billion was paid to two contractors for contracts that do not exist, out of this figure N10 billion was on September 25, 2020, paid to a contractor for the construction of the Abia State Airport.

“We have spent time trying to locate the airport and up till now have not been able to locate it… So, as we continue to look for our airport, we have also told the security agencies to help us search. When you juxtapose that with pensions that were lying unpaid for about 10 years and the salary arrears, just one of these headings, the N10 billion that was spent to build a non-existent airport, was exactly the amount of money our government used to take off the pension arrears.”

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See also  Ibom Air orders 10 new aircrafts for domestic operations

 

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