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Looting: Otti must apologise to Ikpeazu – PDP *Says Forensic Audit a ruse

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Nothing short of immediate apologies from Alex Otti, Abia State Governor to Okezie Ikpeazu, his predecessor, is likely to assuage the angst of the Peoples Democratic Party (PDP), who for the umpteenth time, has called out the governor over the claim that Ikpeazu pocketed the N10billion billed for the once proposed Abia Airport, among other allegations of official malfeasances.

The party, is insisting on the apology, as it claims that it has now been discovered that there was actually no Forensic Audit, of the finances of the state under Ikpeazu, as Otti claimed last month while visiting the US, where he made startling revelations about massive official sleaze by his predecessor, during an address to the indigenes.

Otti, had on Friday, April 19, 2024, at the Johns Hopkins University School of Advanced International Studies, in the United States of America told his audience: “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.

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“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.”

Ikpeazu himself and his political camp, had made strident efforts to deny the allegation, saying it came out of Otti’s penchant to be nosing around all corners in search of anything to rope the former governor in, regardless of the incredulity and futility of the effort, due to his unhidden hatred for him, urging him to face real governance instead of lying to the people.

The PDP, which had since joined in the war of words, upped the ante on Tuesday, once again expressing what it termed “deep concern and disappointment over the use of language by Alex Otti to drag the former PDP administration of Dr. Okezie Ikpeazu to the mud, and confuse the good people of Abia State, especially when such motives are purely political, unwarranted and totally unnecessary.”

In a statement by Abraham Amah PDP Vice Chairman of the party in the state and regretted that the state had been trending for the wrong reasons in the last three weeks, since the governor’s claim that a certain forensic audit exposed how Ikpeazu frittered away a whopping N107billion out of which N10billion proposed for Abia Airport, grew wings.

The PDP said it had discovered that there was actually a report produced by KPMG, a renowned global audit firm, but that it was nothing near a forensic report, but simply titled a Provisions of Financial Process Review for Abia State Government, where the firm even stated in clear terms in its introductory notes that the said document “is not an audit of Abia financial records but a mere financial process review and subsequently issued caveats absolving it of any opinions in the said report because it did not render any.”

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“For the benefit of those who do not know, a forensic audit report is typically conducted with the specific objective of uncovering evidence of fraud or misconduct while a financial process review involves analysing operational workflows, identifying inefficiencies, risks and making recommendations for improvements and may include process redesign and automation and other factors to scale productivity.

“PDP is not surprised that Alex Otti, a graduate of economics who worked in the banking sector all his life to the point of becoming the managing director of a first generation bank, could not differentiate between a forensic audit and a financial process review because he was, as usual, clouded by hate and deep animus for the PDP and Dr. Okezie Ikpeazu.

“To bring home the fact, the touted report is titled Provision of Process Review Services, not forensic audit report and the Restriction on Distribution of the Report page, states clearly “This final report is intended for the use of Abia State Government (“ABSG”) and should not be used for any other purposes,” the party said.

The statement while further reviewing the document, added: “On Page 16 of the financial process review document, KPMG stated in the Nature of Assignment, that:

*a*. This assignment was not performed by us in the capacity of a statutory auditor. Hence,

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this is not any form of financial statements audit of ABSG or any entity listed in the

report. We are therefore not required to render an opinion on the financial statements of ABSG or any entity listed in the report.

*b*. Rather, we have performed the procedures we considered appropriate in the circumstances and in line with relevant KPMG methodology.

*c*. We were also not required to review the adequacy or otherwise of the output of the prior

or current external auditors and/or consultants of ABSG, and did not perform any of the

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following:

*i*. Conduct a trial and/or inquiry in the course of the assignment.

*ii*. Act as a tribunal, commission of inquiry or in judicial or quasi-judicial role.

*iii*. Perform, any adjudicatory function whatsoever in the course of the assignment.

*iv*. Conduct any exercise with a view to determining whether any person was guilty or innocent of any offence

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“From the foregoing, it is evident to discerning minds that KPMG stated very clearly that it did not conduct an audit, much less, forensic. Transparency and accountability are fundamental principles that underpin good governance and public confidence in the audit process.

“Unfortunately, the operatives of Alex Otti government have continued to anchor their indictment on the N10b payment which Ferotex, the same contractor Alex Otti is still using, made to 32 other contractors. Thankfully, the operatives of the former government have offered explanations to that and so Alex Otti has nothing to say again.

“Like a drowning man who is looking for even a straw to hold onto, Alex Otti keeps making reference to the N10b which he cannot prove. The refusal to allow independent scrutiny of the report suggests a lack of commitment to upholding professional standards and ethical guidelines and PDP demands that Alex Otti make public the cost of the financial process review.

“The decision by KPMG to prevent public disclosure and review of the report lends credence  to the fact that the exercise, for which Alex Otti made a mountain out of a molehill, was after all, just an opportunity to spite the PDP and Dr. Okezie Ikpeazu and this goes against the principles of openness, transparency, accountability and good governance. It is essential for the Abia state government to ensure that all audit processes are conducted with utmost transparency and that findings are subject to independent verification to maintain public trust.

 

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“The people of Abia deserve to know the truth about any potential financial irregularities or misconduct uncovered by any audit and we urge the authorities to prioritise transparency and accountability in all matters related to governance and financial management. Fortuitously, the process review report indictated that Governor Okezie Ikpeazu left N3.4b in the coffers of the State, contrary to dubious claims by Alex Otti that he met an empty treasury on assumption of office.

“It is clear to Abians who has been lying to them, between Alex Otti and Dr. Okezie Ikpeazu. The Abia PDP calls on Alex Otti to render a public apology to Dr. Okezie Ikpeazu for smearing his name, especially in an international arena, to Abians for misleading and lying to them serially that a forensic audit was conducted with their funds when it was a mere financial process review meant to improve the efficiency of government operations.

“We also call on the good and well meaning people of Abia State to disregard Alex Otti’s recourse to hate and witch hunt and demand from him the good governance which he consistently promised Abians in over eight years as an opposition figure. Governance should be placed above politics for it to make sense.”

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Editorial

Courage or conceit? Questions over Tinubu as THISDAY’s ‘Man of The Year’

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A few days before the announcement of President Bola Tinubu as THISDAY Man of the Year (MoTY) for 2024, the crew hosting The Morning Show, a breakfast programme on Arise News network, had informed their viewers that a joint project was in the works between the two sister organisations towards making a credible choice. Do not forget that both organisations are owned by the versatile media mogul, Prince Nduka Obaigbena.

When Tinubu was eventually named, on January 31, 2024, Reuben Abati, the alter ego of the Arise News branch in that joint team, made a job of work of it, with a clear attempt to exonerate the television network from the decision. Instead of the previous announcement that it was a collaborative project with a sister body, he sent an unequivocal message – this is the handiwork of THISDAY Board of Editors.

To the discerning, this explanation, seemed to have underscored the level of debate which might have gone down between the two tendencies in the THISDAY-Arise house to warrant the latter pulling out. Mind you, this ubiquitous THISDAY Board of Editors, a body supposedly embodying the intelligentsia arm within the leadership of The Nigerian Newspaper of Record, arguably one of the most authoritative Nigerian publications for decades, is not new to controversy. Rather, it has since established an uncanny reputation for taking positions on national issues, which many consider totally at variance with the reality on ground if not outrightly insensitive.

Recall that notorious stance of the same team on the likely outcome of the 2023 presidential election, which eventually turned out embarrassingly vacuous in the end, despite the load of work and research the team claimed to have invested in reaching to its conclusion.

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That the Arise News team, quickly beat a retreat by taking the Pontus Pilate option of washing its hand of the choice of Tinubu, is not only quite revealing, but instructive. Only very few would fail to notice its implication either.

The reverberating echoes trailing the announcement, from a groundswell of the Nigerian public, tells the rest of the story. That the fire ignited by that singular outing, has refused to dim, not to talk of extinguishing, attests to the criticality of its impact to the polity.

Like many Nigerians, we find this outing quite nauseating, to say the least. Yes! The idea of MoTY, is global as it is common knowledge. We agree that it is usually not an endorsement of right or wrong and that the recognition is given to a man or woman that has made the greatest impact to the society within the year in question.

But in this regard, THISDAY was clear and unequivocal on how it got to the choice. We therefore base our total aversion to the choice of Tinubu from its own mouth. Unfortunately we declare that not a single submission, argument or reasoning for reaching this strange conclusion is agreeable in anyway, because they do not reflect the realities on ground.

We neither agree with the direction Tinubu is headed nor his ideas of salvaging the ruins Nigeria has become over the years could be achieved by further leading the country into the dark alley filled with gloom or doom or plunging it into the bottomless pit of hopelessness where abject poverty and sustained hunger has become a daily singsong before his own idea of of Eldorado comes to pass.

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What is more? It would have made more sense if the President is also embarking on the same journey with the ordinary Nigerians. Unfortunately, he is not. Rather, everything suggests that he is living his best life, having achieved his life-time ambition of grabbing, snatching and running away with the nation’s number one job. Like millions of other Nigerians, we are not blind to witness the sheer opulence surrounding him and the lavish lifestyle he leads alongside his acolytes within and outside the Aso Rock precinct.

Yet, no leader, military or civilian has driven Nigeria into the level of poverty, misery and hopelessness as the country is currently undergoing under the President. He has struck Nigeria with the deadliest blows and the hardest times in its six-decade history.

So, how could such a man be mentioned even in passing, let alone being conferred with such a rewarding recognition using the superlative terms the THISDAY Editors, employed to arrive at their decision – terms like courage, daring, doggedness or resilience? Of course, these terms, if used in the negative sense, would have made more proper meaning in today’s Nigerian reality. Out of all these accolades, the term courage, seems most disconcerting if not outrightly annoying.

Pray! What is the courage in punishing your country deliberately, simply because you possess the powers to do so? Is it courage or indiscretion that a surgeon would deliberately refuse to apply anesthesia before putting his patient under the knives knowing the sure outcome? What manner of a surgeon would that be?

Tinubu is wont to remind Nigerians that the pain in the country is like a woman undergoing childbirth and the joy would come after successful delivery. But which woman would survive a Cesarian Section delivery with the doctors cutting her up without first sedating her to kill the pain?

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That is exactly what Tinubu has done with his subsidy removal and floating of the Naira, the two major policies that are central to his much-trumpeted reforms idea, which has left the remaining citizens yet to die in near-death pains and the same economy he claims to be salvaging gasping for breath out of asphyxiation.

It is even more tragic that the President has continued pushing on despite the excruciating agony in the country. Is it too difficult for Tinubu or those egging him on to see the number of people dying as a result?

No! Far from it! It is not courage for a man to beat up his wife or any woman for that matter because he has the powers to do so. It is rather an act of weakness, if not cowardice. It is also not courage to beat up a man in a wheelchair or be flogging a sick horse or even a lion with broken legs. These are akin to what Tinubu is doing to Nigerians.

In fact, the All Progressives Congress (APC), government of the past 10 years or so, has so dealt with Nigerians through the systematic bastardisation of every segment of the polity that there is hardly any breath left in them for any fight. They are now like a sick horse lying prostrate on its stomach – an easy pick for any prey.

It began with Muhammadu Buhari, who practically disembowelled the entire polity and left the citizenry decapitated, dishevelled and disoriented. From being dubbed the biggest in Africa and one of the best investment destinations of the world with most alluring climate for Foreign Direct Investment (FDI), the fortunes of Nigeria under him plummeted to the unenviable position of the poorest country in the world.

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That was the country Tinubu met and now preying on. So, what is the courage in further plunging the same people into more poverty and worsening their misfortune, knowing that they neither possess the energy nor the resources to fight back? What is daring about it? Do you dare a hungry man who has not eaten for months and is lying helplessly on his belly to a fight?

That he has gotten away with the two deadly policies is not a function of any sort of courage, nerve or bravery, more than it is a testament of the vanishing tigritude in the Nigerian tiger from the continuous pummelling it has been getting daily over the years. That is why Tinubu can afford to prance about with cavalier abandon. It is therefore neither an acceptance or endorsement of those policies. Nigerians are simply bemoaning their fate silently, waiting to be saved somehow or accept their sure death someday. Simple!

Besides, what is left of their fighting spirit, has been taken away by the instrumentality of the almost completely weakened national institutions, which are now clearly turned against them. Citizens’ dissent, a veritable tool of holding government accountable has not only been outlawed but defiance is met with brute force.

In a situation where the police, the army and other security forces are there to put down any form of demonstration and where public protests have become so risky that demonstrators are lucky to get home with their lives and limbs intact, what else is left?

With what happened in the 10-day #Hardshipprotest, of August 1-10, 2024, where many of the partakers barely escaped the brutality of the security operatives unleashed on them in the streets while scores of others spent months in detention dungeons, including children on charges of treason – a hitherto heavy, scarce crime – which has now become an everyday mantra for even the mildest disputes found in civil cases like Dele Farotimi’s defamation trial, no one is left in doubt as to where Nigeria is headed today.

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Perhaps, the eggheads at THISDAY, were confusing recklessness and heartlessness, undue obstinacy needless stiff-neckedness for courage. That is the only other plausible explanation for their strange choice. We do not want to join in imputing other motives

Otherwise, leadership courage, as a phenomenon is not difficult to discern. Many other leaders before him, had shown clear examples. From Keneth Kaunda, Nelson Mandela, to Robert Mugabe, Africa has a surfeit of great men and women who went into the trenches to liberate their countries and others who took definite stands in various forms that became demonstrable evidences of courage.

Indeed, courage could only come by confronting greater obstacles like David challenging Goliath and not vice versa. The Goliaths of Nigeria are there for all to see. They are the vested interests that have led Nigeria to its prostrate state. They are the powerful and the mighty, not ordinary Nigerians. These people are not affected by subsidy removal. Their state of the art cars have not disappeared from the streets like those of the ordinary Nigerians. They still fill their tanks at filling stations and still throw lavish parties.

They are the ones to be targeted. Instead of the whimsical announcement – subsidy is gone – through which he plunged Nigeria into the progressively catastrophic state it has witnessed since the last 20 months or so, Tinubu would do well to direct his gaze towards the Niger Delta for instance. There, he would find the powerful men that would match him force for force. He should go and defeat them. That would qualify him for the glorious crown of bravery.

A courageous leader would stand toe to toe, staring eyeball to eyeball with the behemoths that are believed to still be diverting half of the proceeds of the nation’s oil production into private pockets till date. If that massive pillaging of the commonwealth is ended, the production capacity ramped up by another half and the proceeds therefrom added to the national coffers, who would quarrel even if Tinubu is dubbed the modern-day Caesar?

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In recent years, some parts of Nigeria have become totally inaccessible by the ordinary folks due to banditry and terrorists, said to be funded and armed by foreigners with vast interests in illegal mining operations and other criminal activities.

Courage ought to push President Tinubu to look in this direction and confront the monster, local and foreign. That way, farmers would return to their farms to produce food with attendant domino-effect of curing the malaise of food insecurity and attendant social vices. That way, citizens, including those in refugee camps would join in hailing and decorating his cap with the golden feathers as the New Nigerian hero.

What stops Tinubu from being spotted in Lagos boarding a local flight to Abuja, or driving himself in the street of Lagos or travelling incommunicado on Lagos-Ibadan, Abuja-Kaduna or any other federal highways? What stops him from alighting from his vehicle to listen and assure those women, who cheered him as Jagaban, now crying, ebi n’pa wa?

That is how to be daring. That is how to be courageous. That is how to exhibit rare leadership. That is how to win the hearts of the people. That is how to win the MoTY in a positive sense. Anything else is not only the inapposite, it is fraud.

Courage is not about making quirky, uncanny, impulsive, spur of the moment declarations. It is not a function of using any means necessary to sustain mindless, insensitive and callous policies including shutting down voices of opposition.

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You can only be lionised as a hero for acts of bravery or valour. In that case, you must either have fought a lion with bare hands and defeated it, or more at home, at least fought your equals on fair ground. Tinubu has not done any of these. Famished Nigerians are not on fair grounds with him.

Further we say and further we maintain, unleashing untold hardship on citizens earns Tinubu no badge of honour as the THISDAY Board of Editors, tried to infer. The two policies, which sustenance this body hinged their decision on, are nothing but rash, instinctive and insensitive, if not reckless, foolhardy and outrightly wicked. No more no less!

Millions have died already due to hunger, starvation, disease and stampede. Many have jumped into lagoons, hung themselves on trees or quietly ended it all by taking poison. Many have killed their brothers or engaged in other malevolent acts to survive. Millions are going to die this month and in the months to come. How many more need to go before reality dawns?

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Obasanjo to Tinubu: Beware of Trump *POTUS is world’s most powerful man

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An American President is the most powerful man in the world and every other leader must approach him with a lot of caution, Olusegun Obasanjo former Nigerian President said on Monday, as he warned President Bola Tinubu, to bear this in mind in his relationship with the incoming government of Donald Trump that would commence in about two weeks’ time.

A guest of The Morning Show, a breakfast programme on Arise News television, Obasanjo, Nigeria’s longest-serving leader, with 11 years to his credit – three as military Head of State and eight as a civilian President, who dug into his experience in office as well as a global leader, cautioned that it did not matter what constituted Tinubu’s views about the person of the would-be POTUS, the fact that he would be occupying the most powerful office in the world, equally transformed him as the most powerful man as well capable of wielding the big stick or being a source of great relief to countries.

Hear him: “Whether anybody likes it or not, the American people have decided that Trump will be their leader, and Trump being American people’s leader, will lead America for the next four years.

“He will be the leader of the world, because America is the greatest country in the world, for now. It may change in a few years’ time, maybe China will take over and become the largest economy. Maybe China would surpass America in technology, maybe in military power. But as of today, America is that country, and we cannot say we have nothing to do with Trump. Trump is here and will be there from the 20th of January for the next four years.

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“We have to find a way of letting Trump know that what he calls shit house is not entirely shithole, that there are some decent houses in Africa, and we have to make him understand that. I believe that there will be policymakers around him that we can reach and we can also talk to.

“America has enlightened interest in Africa, we should make that known to Trump and to say, look, this is your interest and don’t ignore it, we are ready to work with you. Give us our respect and dignity that is due to us.

“Respect our citizens that are in your country, and let us work together for a peaceful world that is secure, a world that is stable, and a world where prosperity will be shared and where security will be common. But I believe that Trump will understand.”

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Warri Refinery return: It’s my New Year gift – Tinubu *We’ve proved it – Kyari

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An ecstatic President Bola Tinubu, on Monday, showered profuse praises on the management of the Nigerian National Petroleum Company Limited (NNPCL), for the feat of revamping the Warri Refining and Petrochemical Company (WRPC), calling it a special 2025 New Year gift.

Conveying his sentiments through Bayo Onanuga, his spokesman in a statement, the President, said the development, which he noted had upped the ante in his energy and security plan for the country, had strengthened the hope of Nigerians in his administration.

The President spoke on the day Mele Kyari, Group Managing Director and Chief Executive of the (NNPC) who led a delegation of stakeholders in the nation’s oil industry to the refinery, told Nigerians that the coming alive of the facility had proved doubters wrong.

The statement, quoted a palpably elated Tinubu as saying of the development: “Today, the Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 Barrels per day at the Port Harcourt Refinery in November. With Warri Refining and Petrochemical Company (WRPC) going into operation after several years of inactivity, President Tinubu has once again expressed his administration’s determination to ramp up local refining capacity and make Nigeria a hub for downstream industrial activities in Africa.

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“The All Progressives Congress-led administration of President Muhammadu Buhari awarded the contract for the complete rehabilitation and overhaul of the four state-owned refineries. President Tinubu noted with confidence that with the 125,000 (bpd) Warri Refinery now operating at 60% capacity, his administration’s comprehensive plan to ensure energy efficiency and security is entirely on course.

Praising the Kyari-led management of the NNPCL for working hard to restore Nigeria’s glory and pride as a major oil-producing country, he was quoted to have added: “The restart of Warri Refinery today brings joy and gladness to me and Nigerians. This will further strengthen the hope and confidence of Nigerians for a greater and better future than we promised. This development is a remarkable way to end the year following the feat recorded earlier with the old Port Harcourt Refinery. I am equally happy that NNPC Limited is implementing my directive to restore all four refineries to good working condition.

“I congratulate Mele Kyari and his team at NNPCL for working hard to restore our national pride and make Nigeria a hub for crude oil refining in Africa. President Tinubu enjoined NNPCL to accelerate repair work on Kaduna Refinery and the 150,000 (bpd) second refinery in Port Harcourt to consolidate Nigeria’s position as a global energy provider.”

On his part, the NNPCL boss, said: “WRPC will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha. We are taking you through our plant. You see the reality yourself. This plant is running. We have not completed 100 per cent. We are stimulating the other part of the plant as we progress. But currently, this plant is running. You will see what is happening now and we are bringing products to the market.

“There are many people who don’t think this is real. As you all know a lot of media talk all over the place that people don’t believe real things can happen in our country. We believe that this is right for our country, and all of us have a stake, including the media, so this can become a greater place as it is already happening. I just want you to know that everything you see is real.”

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