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BREAKING: Ikpeazu “forces principal officers to remit N60m Abia LG funds”

In a bid to perfect plans to highjack local government allocations against Nigerian Financial Intelligent Unit (NFIU) directive, Abia State Governor, Dr Okezie Ikpeazu, has allegedly convened a meeting of signatories to the councils’ accounts.

The meeting was held last Friday at the Ministry of Local Government and Chieftaincy Affairs, The Realm News gathered.

Ikpeazu was said to have used the Aba North Head of Service (HOS) Mr Obinna Nwogwugwu and the Treasurer, Aba South, Mr Uzoma Nwolu, to execute the plan.

LGAs principal officers; treasurers and HOS were said to have been forced to sign a mandate ordering them to remit LGAs FAAC Allocation to the executives as soon as it drops.

“According to our monthly FAAC allocation, we were forced to agree to remit the sum ranging from N48 million to N60 million to the executive,” a principal officer told The Realm News.

“Some of us signed under duress,” the officer added.

According to our source, they have been meeting since the June 2019 allocation for the 17 local governments were shared.

One of the reasons given by Ikpeazu why they want to take from the LGs fund was for the construction of JAAC building.

“We doubt his sincerity, the reason being that the past administration of T. A. Orji (now serving senator) also built the same building from local government fund,” our source further said.


READ – INSIDER ACCOUNT: How Ikpeazu “tricked Abia HOS, treasurers to empty LGAs account”

Following The Realm Newsexclusive story on alleged moves by Governor Okezie Ikpeazu to hijack Abia local government fund against directives by the National Financial Intelligence Unit (NFIU), a high-ranking government source has revealed details of the ongoing “illegality” within the administration.


Our source also accused Governor Ikpeazu of collaborating with the banks in charge of the local governments to hijack the funds.

“First Bank is in charge of the JAAC Account. We, however, heard that they are also working with Zenith, UBA and Union Bank,” our source said.

Efforts to speak with Governor Ikpeazu about this story proved abortive. We called his chief press secretary Onyebuchi Ememanka who neither answered nor returned our call. We also messaged him and had not received a reply as at the time of filing this report.

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2 Comments

  1. This Ikpeazu is a big fool. We voted for you despite you not paying many months salary and this is how you repay us? Why must you steal? Why can’t you just do your job and fulfil your promise to us? Who did we offend?

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