In this exclusive Press Conference release sent to Abia Facts 
Newspapers, APGA Abia State 2015 gubernatorial candidate Dr. Alex Otti 
expressed deep displeasure at the way Abia State Government led by Dr. 
Okezie Ikpeazu is mismanaging the commonwealth of the state. Otti was of
 the opinion that Governor Okezie Ikpeazu and his team do not mean well 
for the state because of the consistent negativity of the government, he
 queried the government’s inability to offset salary of workers after 
receiving billions in terms  Bailout Fund, Paris Club Refunds and 
Monthly Federal Allocation from the federal government. Dr. Otti went 
ahead to call on men of good conscience to collectively raise their 
voices in saving the state.
“Gentlemen of the press, from the aforementioned developments, the 
facts of which can be verified, there is absolutely no doubt that the 
Ikpeazu/PDP led government does not mean well for Abia State and its 
people as the consistency of negativity of the government, especially in
 the management of the peoples’ commonwealth has assumed a provocative 
and insulting dimension, hence the need for all men of good conscience 
to collectively raise their voices in saving state by calling Dr. Okezie
 Ikpeazu and his collaborators to order so that they don’t plunge Abia 
and Abians into long term financial and economic chaos”.
In this same Press Release, Dr. Alex Otti made 6 demands which 
includes the National Assembly reviewing their decision of approving 
$200m for the Ikpeazu led government.
READ FULL PRESS RELEASE:
Text of a Press Conference Organized by the 2015 APGA Abia 
Governorship Candidate, Dr. Alex Otti over the 200 million Dollar Loan 
Approved for Abia State Government by the National Assembly.
Gentlemen of the press, good afternoon and welcome to this important Press Conference convened by my humble self, Alex Otti. Permit me to start by informing you that I convened this press 
conference, in my capacity as Alex Otti, and as the leader of the main 
opposition political party, the All Progressives Grand Alliance (APGA) 
Abia State.
Recall that when the ugly developments which bothered on nationally 
acclaimed misgovernance in Abia assumed a frightening dimension and 
became an intolerable embarrassment to some of us, I took an audacious 
decision of quitting my plumb job in the bank, a decision which many 
informed Nigerians, including many of you gentlemen of the press 
considered unNigerian through your analysis then. I took that decision 
because I knew that the pathetic Abia situation required uncommon 
altruism if the anti-people statusquo must be challenged and defeated.
Though the Abia cabal dwelled on unimaginable brigandage and 
barbarism to deny Abians their choice and remain in power at the expense
 of the people, you were witnesses to the people inspired giant strides 
we made which ended their reign of absolutism and proved to Abians that 
their oppressors are not invisible after all.
Regrettably, the continuous existence of the same people, the same 
system of government and governance, and the tragedy it has continued to
 bring upon the people precipitated this press conference.
On assumption of office, the present Abia State government led by Dr.
 Okezie Ikpeazu began dishing out figures of funds it required to clear 
arrears of salaries owed Abia workers. After initially claiming that it 
required six billion Naira (N6B) to clear the salary arrears owed Abia 
workers, the governor later approached the Abia State House of Assembly 
seeking approval for a loan of Thirty Billion naira (N30B) from a local 
bank. My party APGA did challenge that request after the state 
government contradicted the then speaker who had informed his House 
members that the said loan was for infrastructural development, only for
 the state government to turn back and claim that it was meant to clear 
different debts owed by the state. The objection raised by my party led 
to an unjust suspension slammed on the APGA minority leader for months.
Alarmed by the suspicious claims and moves of the government 
regarding state financial matters I sought clarification from the 
government through my Media Aides and my party on the specific amount 
required to clear arrears of salaries owed Abia workers, unfortunately 
the government remained dodgy until it received N14.150 billion Naira 
Bailout fund from the Federal Government. Shortly after receiving the 
14.150 Billion naira bailout fund, the governor, through his then SSA on
 public communications, Sam Hart announced the inauguration of a 
committee charged with the responsibility of disbursing the funds and 
promised to clear all outstanding arrears owed workers by October 30, 
2015.
Gentlemen of the press, what this specific promise by Dr. Ikpeazu 
meant was that the government had its record intact and accurate, and 
knew that the bailout fund would be enough to offset the salary arrears.
 Unfortunately, that promise turned out a dangerous political gimmick 
that got Abians bamboozled, and workers seriously hurt.
While the groaning of Abia workers and Abians as a whole continued 
unabated as a result of mounting debts owed workers and general absence 
of good governance in the state, the state government again received the
 first tranche of the Paris Club refund totaling N5.3 Billion. Once 
again, the government went on air this time around through the 
Commissioner for finance, Obinna Oriaku claiming that it needed extra 
N700 million to augment the N5.3 billion to be able to clear all arrears
 owed Abia workers. Unfortunately, again, this turned out another 
humiliating trick, leaving unpaid arrears of workers pilling up 
unchecked.
Just about a month ago, the Ikpeazu government once again occupied 
the Abia radio airwaves with endless jingles of how the government was 
going to clear the same salary arrears immediately the second tranche of
 the Paris Club refund arrived. Sadly, immediately the N5.7 billion 
arrived, the government came up with another atrocious story this time 
around, which was that it got less than what it expected.
Gentlemen of the press, this primitive and callous administrative 
ineptitude has left many Abia workers being owed up to 8 months salary 
arrears, making their lives and those of their wards miserable. Mind you, the above mentioned funds and other funds secured by the 
Ikpeazu/PDP led government has nothing to do with the tens of billions 
of naira gotten by the government as statutory monthly allocations and 
internally generated revenues.
While many Abians are still mourning and yet to recover from the 
numerous deceits of the present Abia State government, we got the sad 
news of the approval of the sum of 200 million United States Dollars 
loan for Abia State by the National Assembly. This loan which is 
supposed to come from the African Development Bank has a tenure of about
 20 years with a 7 year moratorium. As observed by the House of 
Representatives, while the President had by a memo dated May 25, 2017, 
recommended $100million for approval, the Ministry Of Finance by its 
memo dated July 18, 2017 sent In a request for $200million which was 
approved. This contradiction, coupled with the lack of clarity on the 
repayment source of the loan were enough reason not to approve this huge
 loan request, but unfortunately, the National Assembly went ahead to 
approve the loan.
Gentlemen of the press, from the aforementioned developments, the 
facts of which can be verified, there is absolutely no doubt that the 
Ikpeazu/PDP led government does not mean well for Abia State and its 
people as the consistency of negativity of the government, especially in
 the management of the peoples’ commonwealth has assumed a provocative 
and insulting dimension, hence the need for all men of good conscience 
to collectively raise their voices in saving state by calling Dr. Okezie
 Ikpeazu and his collaborators to order so that they don’t plunge Abia 
and Abians into long term financial and economic chaos.
Bearing in mind the huge burden of expectation placed on my shoulders
 by millions of less privileged Abians whose voices cannot be heard 
beyond their abodes, I am compelled to on behalf of myself, the All 
Progressives Grand Alliance (APGA), the suffering Abia masses and 
indeed, the entire good people of Abia state to make the following 
demands:
1. That the National Assembly should review its decision taken a few 
weeks ago and quickly withdraw or reverse its approval of the 200 
Million Dollar loan, as any money given to the Abia State government by 
the issuing body is bound to disappear going by its crazy record of 
financial recklessness. Besides, the capacity to repay this humongous 
loan has not been demonstrated in any way or form, irrespective of the 
outdated document titled “Abia State Integrated Infrastructure 
Development Project” dated October 2015.
2. That the state government should tell Abians where the billions 
given to it so far for the development of the state have gone to.
3. That the Abia state house of Assembly should without further delay
 set up an investigative panel to investigate the financial activities 
of the Okezie Ikpeazu led government and ensure that anyone found 
culpable in the obvious financial crimes halting the development of the 
state is made to pay the prize, so as to prevent the state from being 
plunged into long term financial and economic chaos.
4. That the federal government should henceforth prevent Abia state 
government from assessing any form of loan from within or outside the 
country until it accounts for the ones already gotten.
5. That the EFCC, ICPC and other anti corruption agencies should beam
 its searchlight on Abia and commence urgent investigation of the 
activities of the past and present governments so as to unravel the 
mystery behind the disappearance of billions of naira accrued to the 
state as allocations, internally generated revenues, loans etc, and for 
which the state has remained in a state of ruins and underdevelopment.
6. Finally, that the state government should immediately pay up all 
salary areas for which it had received bailout funds and two tranches of
 Paris Club funds.
May we also advise the Federal Government to pay attention to how 
funds are used by the states more so, when they are bailouts and other 
loans that future generations would be made to repay.
Dr. Alex Otti, OFR.
Source: Abia Facts News 
 
 
