A forensic audit conducted by an audit firm has revealed how the immediate past government of Abia State approved funds to contractors for the construction of non-existent state-owned airport and other infrastructure.
The Abia State Governor, Dr Alex Otti made the revelation during a presentation at the Johns Hopkins University School of Advanced International Studies, Washington DC, United States.
Speaking on “Dynamics of State Governance, Economic Transition and the Challenges of Seeking to Establish a New Order Amidst Multiple Constraints and Pushbacks’, Gov. Otti said it is difficult to admit how some Nigerian leaders contest elections for reasons shrouded in corruption.
He explained that some politicians have abused the privilege of governance thereby impoverishing their states.
He also added that he engaged one of the top audit firms to examine the state accounts, adding that the auditor uncovered several deals that are shrouded in corruption.
He said that N79.3bn was paid to seven contractors for contracts that were not executed at all up till date. Another N15.9bn- was paid to 63 contractors with no supporting documents anywhere in the State.
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