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Abia: Ikpeazu inherited external debt profile of $33.79m from ex-Governor Theodore Orji – Alex Otti



Dr. Alex Otti, the candidate for the 2019 governorship of the Great Progressive Alliance (APGA) in the state of Abia, alleged that the current administration of Governor Okezie Ikpeazu inherited the external debt profile of $ 33.79 million and the private debt of N25b in 2015 from its immediate predecessor. and the current senator representing the central district of Abia in the National Assembly, Theodore Orji.

Latest Nigeria newspaper report that The APGA chief revealed that the collapse of governance in Abia was looming over the huge debts incurred by the past and present administrations of the Popular Democratic Party (PDP) in the state.

Otti, former Managing Director of the Group (GMD) of the missing Diamond Bank, now Access Bank Plc, in a statement written by himself and obtained by journalists on Monday night, also attacked the government led by Ikpeazu for allegedly allowing the state de Abia was confronted by the misfortune of impassable roads and piles of garbage that had made life unpleasant and brutal.

According to him, “while the state government takes photos and spends millions on celebrities who falsely project Abia on television, radio stations and in newspapers as one who is experiencing massive infrastructure development and environmental change. The current government in the state of Abia has always lied to the world that there is an agricultural revolution sponsored by the state government in Abia, which includes Abia rice and Abia mushroom products that do not exist.

“The government faced its greatest shame a few days ago during its tour through the kangaroo media when the image of the governor who commissioned a dirty and poor two-room local rice mill was revealed to the world, causing outrage and condemnation. Today, unlike the propaganda promoted by Ikpeazu, there is nothing like Abia rice anywhere. The government knows it and the population knows it too. So what were lies for?

“Aba has deteriorated a lot. Throughout the state of Abia, the tragic failures of the Ikpeazu government are evident. His ineptitude, lack of vision and indifference to the task of governing are legendary. Obviously, his main interest in government seems to be cheerful. He is permanently on a planned flight that leaves Abia to have fun with friends and associates. Most of the time he is abroad, cheating those who hear him who is looking for foreign investment, while the few existing stores are closing their stores. ”

Otti also said: “Between the moment the current government led by Okezie Ikpeazu entered on board and today, the state has received more than three hundred fifty-five billion Naira (N355 billion) in statutory monthly allowances and internally generated revenues (IGR) These funds are separate from rescue funds, reimbursements from the Paris Club, ecological funds and commercial bank loans taken by this government.
In addition to the previous funds, Governor Ikpeazu inherited an external debt profile of $ 33.79 million and an internal debt of N25b in 2015. Unfortunately, this government increased our debt to $ 100.2 million and N63b in foreign and domestic debt, respectively. This means that the state has increased the total indebtedness of N35b in 2015 to more than N100b at this time if the entire loan were expressed in local currency. ”

“Abia is too big and rich in human and material resources to be handed over to jesters for their destruction in the alter of sectionalism and petty partisanship, while vulnerable men and women who admire us as leaders roll in pain and daily hardship. I also wish to declare again that this is not political. It is about the love of our state and our people. We must face the challenge now, since ours is now practically a failed state, “added the unconditional APGA.

Contacted to react to Alex Otti’s claims, in a conversation with DAILY POST on Monday night, the Information Commissioner, John Okiyi Kalu, promised to address the press soon on the issues raised by the APGA chief.