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EXPOSED: How Governor Ikpeazu Wired Billions to Cybercafe, Political Associates

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Governor Okezie Ikpeazu’s business and political associates, including those facing corruption charges, are laughing all the way to the bank in Abia State.

Mushroom companies linked to business and political allies of Governor Okezie Ikpeazu have been receiving billions from state-run bank accounts for as-yet-unknown contracts, Peoples Gazette can report based on a trove of financial records our reporters recently analysed.

Mr. Ikpeazu has often lamented Abia’s inability to generate enough revenues towards social and capital development of residents, yet the governor approved billions to his political underlings without securing relative service delivery, bank documents said.

Between 2016 and 2017, an estimated N3.4 billion went to three companies owned by Enyinnaya Nwafor, a close friend of Mr. Ikpeazu’s, from state bank accounts.

Mr. Nwafor, son of a departed former deputy governor, has used Tunnel End Investment Co. Ltd, Rock-Waters Integrated Services Ltd, Tetra-Lock Business Solutions Ltd to receive contracts in Abia under Mr. Ikpeazu.

Mr. Nwafor remained closely associated with Mr. Ikpeazu despite being under EFCC investigation, and his junior brother, Chimaeze, is a personal assistant to the governor. Both of them have been identified to the Gazette as critical to the governor’s questionable manoeuvre of public funds.

Delhope Resources Ltd, a registered Internet cafe, received contracts worth N412 million from Mr. Ikpeazu’s administration. It belonged to his business associate Innocent Adiele.

The Gazette highlighted the suspicious transactions to seek comments from Mr. Ikpeazu’s administration officials, including the information commissioner John Okiyi, but did not receive clarifications in time for this report.

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Messrs. Nwafor and Adiele also did not return multiple requests seeking comments from the Gazette for this story. But Mr. Nwafor had previously denied all allegations of corruption.

Mr. Ikpeazu has also said he has been running Abia, in Nigeria’s Southeast, as prudently as he could, dismissing criticism of corruption and incompetence as unfounded and politically-motivated.

Vulnerable accounts

Out of N105 billion debits from the Abia accounts reviewed by the Gazette for 2016 and 2017, at least N3.8 billion went to Tunnel End, Rock-Waters, Tetra-Lock and Delhope. The Gazette learnt that several companies linked to Mr. Ikpeazu’s associates received funds between 2016 and 2017, but their CAC filings could not be immediately obtained.

Further analysis of Abia’s finances under Mr. Ikpeazu showed three bank accounts were specifically targeted for questionable withdrawals in favour of businesses linked to the governor’s friends.

The state’s excess crude accounts, local revenue accounts and foreign loan interest accounts all saw massive withdrawals in favour of Tunnel End, Rock-Waters, Tetra-lock, and Delhope between 2016 and 2017. Other companies run by Mr. Ikpeazu’s associates that also received suspicious payment are still being identified.

On January 13, 2016 Tunnel End Investment received a payment of N176 million from the state’s excess crude oil account 1014381352 with Zenith Bank.

On January 26 of the same year, it received N100 million from the same account while on January 27, it received N275 million in two tranches of N250 million and N25 million with another N200 million paid to the company on May 1, 2016.

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On February 8, 2017, a sum of N150 million was paid to Tunnel End from the state’s foreign loan interest account while five days later, the company received a payment of N993 million from the same account and N47.85 million was paid from the ministry of agriculture account on February 21, 2017.

For Rock-Waters, N176 million was paid on January 13, 2016 while N200 million and N10 million were paid on January 18, 2016 with an additional N100 million paid on January 21, 2016. All from the excess crude oil account and sent to firms linked to a man under corruption probe.

The company also received N50 million on October 26, 2016 while N30 million was paid on November 23, 2016 and N47 million on December 15, 2016. All from the consolidated IGR account.

Similarly, the company was paid N496.2 million on February 13, 2017 while N50 million was paid on April 18, 2017. All from the state’s foreign loan interest account.

Tetra-Lock was paid the sum of N149.6 million on January 13, 2016; while N40 million and N47 million were paid on November 13 and December 15, 2016, respectively.

Delhope got a payment of N100 million on January 6, 2016 and N92.4 million on January 15 of the same year while N150 million was credited to the company on October 26, 2016. On February 16, 2017 the company also received the sum of N70 million from the state’s foreign loan interest account.

Lost priority

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Abia has long been amongst the states with poor leadership ranking, especially since 1999 when Orji Kalu handed over to his associate Theodore Orji who then handed over to another associate Mr. Ikpeazu.

Roads, sanitation and other basic needs that required urgent attention have suffered regression, which residents said would have been mitigated had Mr. Ikpeazu and his predecessors not conducted the state business in secrecy.

Mr. Ikpeazu said his administration has been repairing roads to take the state away from its status as the dirtiest in the country, but critics said this did not go far enough.

“The governor has clearly lost the priority when it comes to governance,” anti-corruption campaign Anayo Emeka said in a statement to the Gazette on Monday.

Ms. Emeka, based in the capital Umuahia, said Mr. Ikpeazu has awarded a lot of contracts that could not withstand basic scrutiny since 2015.

“They awarded contracts for billions of naira but when you get to the site of the contract you will find out that the job there cannot be more than N50 million or N100 million,” she said.

Most of the transfers obtained by the Gazette were conducted during Mr. Ikpeazu’s first time between 2015 and 2019, but the activist said the governor’s second term, which began mid-last year, had left the state worse off.

“You have only exposed what happened during his first term,” Ms. Emeka said. “You will find out that his second term is very bad for the state.”

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Tinubu, governors present as Bello Matawalle’s 10 children wed in Abuja

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President Bola Tinubu,  President Carlos Manuel Vila Nova of the Democratic Republic of São Tomé and Príncipe and several governors were among the dignitaries who attended the wedding of the children of Bello Matawalle, minister of state for defence.

Matawalle celebrated the weddings of his ten children, five daughters and five sons, at the National Mosque, Abuja, on Friday.

The minister gave away his daughters—Maryam, Safiyya, Farida, Nana Firdausi, and Aisha—while his sons—Ibrahim, Abdul Jalal, Surajo, Bello, and Fahad—also tied the knot.

The Islamic ceremony was officiated by Imam Luqman Zakariyah, who prayed for Allah’s blessings on the marriages and for success in the couples’ future lives.

Tinubu received the brides on behalf of the Matawalle family, welcoming them into their new homes.

The high-profile wedding attracted the crème de la crème of Nigerian politics.

Notable dignitaries in attendance included Deputy Senate President Barau Jibrin and Ibrahim Masari, Senior Special Assistant on Political Affairs.

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Several governors were also present, including Ahmad Aliyu of Sokoto, Umar Namadi of Jigawa, and Nasir Idris of Kebbi.

In a post via X, Matawalle expressed his deep gratitude to Tinubu and Vila Nova for attending the ceremony, describing their presence as a rare and honourable privilege.

He further appreciated all dignitaries, family, friends, and well-wishers who joined physically or in prayers, wishing them safe journeys back to their destinations.

“Today, I am deeply honoured and profoundly grateful to His Excellency, President Bola Ahmed Tinubu, GCFR, for graciously serving as Wali at the wedding Fātiḥa of my children, held at the National Mosque, Abuja. I remain sincerely honoured by this rare privilege,” he wrote.”

“In addition, the presence of the President of the Democratic Republic of São Tomé and Príncipe, His Excellency President Carlos Vila Nova, added immense meaning to this joyous occasion, and I deeply appreciated it.

“I also wish to extend my heartfelt appreciation to everyone who joined us physically and in prayers to share in our joy. Your presence, prayers, and goodwill are truly cherished and deeply appreciated.

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“To my esteemed colleagues in the Federal Executive Council, Governors, members of the National Assembly, friends, family members, and well-wishers from across the nation, I am eternally grateful for the overwhelming love and kindness shown to me and my family.

“I also pray that Allah rewards abundantly all those who travelled from far and near to celebrate with us, and I ask Allah to grant you a safe and peaceful journey back to your respective destinations.”

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APC is my natural home, says Iyabo Obasanjo

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Iyabo Obasanjo, daughter of ex-President Olusegun Obasanjo, has confirmed her membership in the All Progressives Congress (APC) in Ogun state.

Iyabo spoke on Saturday during an interactive programme on Eagle7 Sports Radio 103.7 FM, anchored by Segun Odegbami.

Explaining her return to politics, Iyabo said the decision was driven by sustained pressure from supporters.

“Like I told you, a group of people who I did not bring together, I did not form them into a group, have been working, I think, for two years now,” she said.

“And then they started talking to me about a year ago, saying, ‘Look, we think you are the best candidate. We want you back.’”

She said she could not return to the Peoples Democratic Party (PDP), where she previously contested elections, citing internal crises.

“I could not go back to the PDP because of all kinds of turmoil,” she said.

Iyabo disclosed that she also considered the African Democratic Congress (ADC), but said the party was not yet fully organised.

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“The ADC was another option, but they don’t have their ducks in a row yet; they’re still working on it,” she said.

According to her, those who encouraged her return to politics are now members of the APC, a factor that influenced her decision after wide consultations.

“So, I think APC is my natural home. I don’t have any animosity towards any individual or any group within the APC,” she said.

“I feel more comfortable with all the actors I know within the APC… I feel more comfortable, actually, than with some of the actors I know in the PDP, and some of them are now in the ADC.

“So I think it’s my natural home. I feel quite confident and happy to have made that decision.

“I have an absolute 100% feeling it’s my natural home.”

Iyabo represented the Ogun central senatorial district between 2007 and 2011. She lost her re-election bid in 2011 to Gbenga Obadara of the then Action Congress of Nigeria (ACN).

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She later relocated to the United States, where she pursued an academic career and rose to the rank of professor. She is also a former commissioner for health in Ogun.

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Nigerian jailed eight years for $6m scam in US

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MAN JAILED FOR LIFE

A United States court has sentenced one Tochukwu Albert Nnebocha, a Nigerian national, to 97 months’ imprisonment for participating in a transnational inheritance fraud scheme that targeted elderly and vulnerable Americans.

According to a statement published on the US Department of Justice website on Friday, “a Nigerian National was sentenced today to more than eight years in prison for participating in a years-long conspiracy to defraud elderly and vulnerable Americans through an inheritance fraud scheme.”

The DOJ stated that Nnebocha, who is 44 years old, and his co-conspirators “operated a lucrative transnational inheritance fraud scheme that exploited vulnerable people in the United States” over a period exceeding seven years.

The statement read, “According to court documents, Tochukwu Albert Nnebocha, 44, of Nigeria, and his co-conspirators operated a lucrative transnational inheritance fraud scheme that exploited vulnerable people in the United States.

“Over the course of more than seven years, Nnebocha and his co-conspirators sent hundreds of thousands of personalized letters to elderly individuals in the United States, falsely claiming that the sender was a representative of a bank in Spain and that the recipient was entitled to receive a multimillion-dollar inheritance left by a deceased family member.”

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According to the US DOJ, victims were subsequently instructed to pay various fees before accessing the fictitious inheritance.


“The conspirators then told the victims that, before they could receive their purported inheritance, they were required to send money for purported delivery fees, taxes, and payments regarding the inheritance. In total, the defendant and his co-conspirators defrauded over 400 U.S. victims of more than $6 million,” the statement read,

The DOJ added that “in total, the defendant and his co-conspirators defrauded over 400 U.S. victims of more than $6 million.”

The statement disclosed that Nnebocha was arrested in Poland in April 2025 and extradited to the United States in September 2025.

He later pleaded guilty in November 2025 to conspiracy to commit mail fraud and wire fraud.

At sentencing, the court ordered 97 months’ imprisonment, three years of supervised release and restitution exceeding $6.8m to victims.

The department noted that “this is the second indicted case related to this international fraud scheme,” adding that eight co-conspirators from the United Kingdom, Spain, Portugal and Nigeria had previously been convicted and sentenced.

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The case was investigated by the US Postal Inspection Service and Homeland Security Investigations, with assistance from the Federal Bureau of Investigation’s Legal Attache in Poland, INTERPOL, Polish authorities, the US Attorney’s Office for the Southern District of Florida, and the DOJ’s Office of International Affairs.

Senior Trial Attorney Phil Toomajian and Trial Attorney Joshua D. Rothman of the Criminal Division’s Fraud Section are prosecuting the case, according to the statement.

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