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Abia: Get ready to refund Airport Project money, other looted funds – Otti tells Ikpeazu
Abia State Governor, Alex Otti, has called on the past administration in the state, led by Okezie Ikpeazu, to prepare to return embezzled funds, including money allocated for the airport project.
Otti’s remarks came in response to the report of a forensic audit of the state’s accounts. He clarified that his administration is not engaged in a fight but rather focused on recovering stolen funds to ensure good governance.
Speaking during a solidarity visit by supporters and loyalists of the member representing Isiala Ngwa South State Constituency, Rowland Chinwendu, in Nvosi, Otti emphasized his commitment to the progress and development of Abia State. He insisted that since the airport project was not implemented, the funds allocated for it should be refunded.
Expressing disappointment at being insulted in the media for disclosing the findings of the forensic audit report, Otti stressed the importance of recovering the misappropriated funds for the benefit of the state.
“I initiated a forensic audit of our accounts as soon as I took office, and the report revealed that a lot of money was looted, stolen openly, and among those I mentioned was the N10 billion Abia Airport Project. They started insulting me. If you follow what is happening in the media, you would know that what I said is true. We are looking for our money. If we are not able to find the airport, they would have to refund us our money. We are not pursuing anybody; they should refund the money they stole, let’s use it to work for our people. Our place must develop. We will continue to build roads, we will continue to clean up the environment, we will continue to create jobs.”
In his speech, the member representing Isiala Ngwa South State Constituency, Chinwendu, emphasized his responsibility to represent the interests of his people. He pledged not to be seen as opposing the governor, who is from the same Local Government Area (LGA), and thanked Otti for ongoing projects in his constituency, including the reconstruction of the Umuikaa-Umuene road.
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Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
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Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
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JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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