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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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NAFDAC : Fake Cowbell Milk in circulation
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.

The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.
In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.
The legitimate product was replaced with Cowbell “Our Creamy Goodness.”
The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”
The regulator raised concerns over the health risks posed by the counterfeit product.
“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.
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Japan designates the city of Kisarazu for Nigerians to live and work
Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.

The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan
Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.
The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.
Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.
“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The designation of Kisarazu builds on historical ties between Nigeria and the city.
The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.
Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.
News
BREAKING: FG, state, local governments share N2.001trn July revenue

The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.
The distributable revenue included:
- N1.282 trillion in statutory revenue
- N640.610 billion from Value Added Tax (VAT)
- N37.601 billion from Electronic Money Transfer Levy (EMTL)
- N39.745 billion from exchange rate difference
Out of the total distributed funds:
- The Federal Government received N735.081 billion
- State Governments received N660.349 billion
- Local Government Councils received N485.039 billion
- N120.359 billion was shared to oil-producing states as 13% derivation revenue
Revenue Breakdown:
Statutory Revenue (N1.282 trillion):
- FG: N613.805 billion
- States: N311.330 billion
- LGs: N240.023 billion
- 13% Derivation: N117.714 billion
VAT (N640.610 billion):
- FG: N96.092 billion
- States: N320.305 billion
- LGs: N224.214 billion
EMTL (N37.601 billion):
- FG: N5.640 billion
- States: N18.801 billion
- LGs: N13.160 billion
Exchange Gains (N39.745 billion):
- FG: N19.544 billion
- States: N9.913 billion
- LGs: N7.643 billion
- 13% Derivation: N2.643 billion
The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.
FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.
The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.
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