Former Governor of Abia state, Dr. Okezie Ikpeazu, has stated that his administration did not owe any commercial bank before he left office on May 29. Ikpeazu disclosed that he was constrained to make clarifications on matters of great public importance about some financial issues on which Governor Alex Otti’s administration has been making allegations on.
His spokesman, Sir Onyebuchi Ememanka in a statement noted the former Governor said that no day passed without the Otti administration looking for some reason to blame him for everything, no matter how unreasonable. Ikpeazu also challenged the Otti administration to produce any evidence to support their claim of an N22 billion outstanding loan liability from the Ikpeazu administration.
Onyebuchi further stated that the Otti administration should stop manufacturing excuses and face serious issues of governance and fund the various security agencies to protect the lives and properties of citizens of the state. He said; “For the avoidance of doubt, we wish to make it abundantly clear that as of the 28th day of May 2023 when the administration of Dr Okezie Ikpeazu ended by effluxion of time, the Government of Abia State did not owe any commercial bank in the ordinary course of business. In his words:
“Nothing could be farther from the truth. The N22b loan exists in the imaginations of the peddlers of the wicked and warped narrative. This is actually a no-brainer because no commercial bank in Nigeria will grant any facility to any state government, the repayment terms of which will run beyond their tenure of office.” He further disclosed that the Ikpeazu administration had financial arrangements with banks through Temporary Overdraft facilities, TOD, which were cleared before the end of its tenure on May 29.
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