Immediate past governor of Akwa Ibom State, Chief Godswill Akpabio, has been dragged to the Economic and Financial Crimes Commission, EFCC, for allegedly mismanaging the sum of N3trillion allocations to the state while in office.
akpopiaThe action against Akpabio is initiated by a lawyer, Chief Leo Ekpenyong.
In his petition to the EFCC, Ekpenyong asked the anti-graft agency to investigate the former Governor for misusing the N3trillion allocations to the state government during his tenure.
Ekpenyong, in the five-page petition, dated June 8, 2015, which he addressed to EFCC Chairman, Mr. Ibrahim Lamorde, a copy, which he sent President Muhammadu Buhari and the Inspector-General of Police, Mr. Solomon Arase, he alleged that Akwa Ibom State received statutory allocations amounting to over N3trillion during the eight-year administration of Akpabio, which, he claimed the ex-governor spent recklessly.
Ekpenyong alleged that the amount is more than five times what the entire five states of the South-East zone received from the Federation Account within the same period.
He urged the EFCC to investigate the Akpabio administration, adding that the government’s “so-called uncommon transformation” programme was not commensurate with what the administration received.
The petitioner also alleged that the former governor’s administration had no respect for financial prudence and fiscal responsibility, as all transactions were shrouded in secrecy, culminating in reckless financial mismanagement.
For instance, he said, throughout Akpabio’s tenure, “all matters pertaining to how much the state received, how much it spent, how much is being owed, have remained a crudely guided secret.”
The legal practitioner also accused Akpabio of running the financial affairs of the state with total disregard for constitutional provisions.
“In 2013, only four State Executive Council, SEC meetings were held, and in 2014, only three held and in the current year, two, one earlier in the year and the valedictory executive session,” Ekpenyong alleged.
He also claimed that the Akpabio administration engaged in budgetary indiscipline, whereby budgeting was shrouded in deceit and official cover-ups, as it refused to make known the budget’s actual performance.
“In 8 years, there have been no open presentation of budget breakdowns and when they pretend to do that, they withhold the necessary documentations to ensure that no independent assessment of government and budget performance was done by citizens,” Ekpenyong said.
The petitioner further accused Akpabio of diversion of local government funds, particularly the pension funds which the former governor allegedly diverted to the building of the Specialist Hospital at Itam.
Ekpenyong also accused the ex-governor of using state funds for the acquisition of personal assets and for his family members.
For instance, he said, Akpabio used a company (name withheld) as a front for money laundering activities, using same to acquire 10 percent equity in a construction firm and a 25-storey building in Victoria Island, Lagos.
Other alleged assets of the ex-governor include a N1.4billion mansion at Ewet Housing Estate; a N3billion residential apartment at No. 22, Probyn Road, Ikoyi; an over N6billion house under construction at Shelter Afrique Estate in Uyo.
Also allegedly owned by Akpabio are foreign assets located in Ghana, St. Kitts and Nevis Island, United Kingdom, among many others.
Ekpenyong said that the Akpabio family has a N3.4billion school owned by Mrs. Unoma Akpabio, his wife, located at Shelter Afrique in Uyo; and a N4billion country home owned in her village.
Also accused in the petition is Emem Akpabio, the ex-governor’s relation, a middle level Shell member of staff, who allegedly owns a housing estate estimated at N10.5 billion located in Ukana.
The petitioner also alleged that Akpabio used large sums of money belonging to the state government to fight political battles outside the state.


Ad:See How you can turn $500 into $10,000 Click HERE For Details.
SHARE