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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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Good morning! Nigerian Newspapers Headlines: NDC dissociates itself from 59-member presidential campaign council unveiled by Obi-Kwankwaso movement

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1. The leadership of the Nigeria Democratic Congress (NDC) has distanced itself from the 59-member presidential campaign council constituted by OK Movement, a support group for Peter Obi, presidential candidate of the party, and his running mate, Rabiu Musa Kwankwaso.

In a statement on Saturday, Cleopas Moses, NDC national chairman, said the list did not emanate from the party and should be disregarded.


2. Former Senior Special Assistant Media and Publicity to the late President Muhammadu Buhari, Mallam Garba Shehu, said yesterday that the litigation instituted against Nigeria by Sunrise Power and Transmission Company at the International Chamber of Commerce (ICC) tribunal in Paris was doomed from the outset. 
Garba, who personally attended the January 15, 2025 sitting of the tribunal in the French capital, said it was clear from day one that Sunrise and its promoter Leno Adesanya “would lose this case following the failure of all the witnesses they invited, including, of course, a beautiful lady from Senegal allegedly providing comfort to one of their government contacts.

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3. The Presidency yesterday knocked back economic proposals by the presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar. It asked him to take the proposals to Nigerians on his campaign trail rather than seeking to dictate how President Bola Tinubu should govern the country.

4. The Nigeria Hydrological Services Agency (NIHSA) has forecast a high risk of riverine flooding across 15 states between September 19 to 25.
In its national flood advisory issued on Friday, the agency said rising river levels could trigger flooding in communities located on floodplains during the seven-day period.
The affected states are Imo, Cross River, Ebonyi, Benue, Anambra, Akwa Ibom, Lagos, Rivers, Edo, Kogi, Taraba, Delta, Bayelsa, Enugu and Abia.

5. Delta State Police Command has arrested a suspect after its personnel intercepted a vehicle conveying military camouflage uniforms, boots and hats, as well as cartons of suspected Tramadol and other illicit drugs. The vehicle, a green Toyota Sienna with registration number KP 527 AAA, was intercepted by operatives of the command’s Anti-Cult Unit, Asaba, along the Onitsha-Ondo route on Friday.

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6. Police in Rivers State have begun an investigation into the killing of a father of four, Kamadioye Krama, by gunmen in Emulation community, Abua/Odual Local Government Area. The spokesperson for the State Police Command, Blessing Agabe, confirmed the incident, stating that an investigation was ongoing to apprehend the culprits and bring them to book.

7. President Bola Tinubu has said that, from October 1, commuters across Nigeria must begin to see measurable reductions in transportation fares, as he has directed all 36 states to accelerate the National Affordable CNG Transit Programme. In a statement personally signed and released on Saturday, September 19, Tinubu said the push followed his August 27 meeting with state governors.

8. The Nigeria Security and Civil Defence Corps, NSCDC, has deployed Abdulhamid Kabara as the new commandant of its Niger State Command following the deaths of 37 suspected illegal miners in custody. Kabara replaces Suberu Aniviye, who was suspended as Niger NSCDC commandant after the 37 suspects died in Minna, the state capital, on Thursday.

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9. The Northern Senators Forum on Saturday called for an immediate, transparent and independent investigation into the deaths of 37 young Nigerians in the custody of the Nigeria Security and Civil Defence Corps, NSCDC, in Minna, Niger State. It described the circumstances surrounding the occurrence as “deeply disturbing and unacceptable.”

10. The Minister of Interior, Olubunmi Tunji-Ojo, has suspended the Niger State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Suberu Aniviye, and 20 other officers following the deaths of 37 suspected illegal miners in the Corps’ custody. The officers were suspended pending the outcome of an independent investigation into the deaths, which occurred on Thursday, September 17, 2026. The Ministry of Interior announced the development in a statement signed by Tunji-Ojo on Saturday

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Keyamo, Sunday Dare knock Atiku for addressing President Tinubu as ‘Bola’

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  The minister of aviation, Festus Keyamo, and the special adviser to President Bola Tinubu on media and public communication, Sunday Dare, have criticised former Vice-President Atiku Abubakar for referring to the President as “Bola”.

Keyamo described Atiku’s use of Tinubu’s first name as “disrespectful and discourteous”.

“The continuous reference to President Bola Ahmed Tinubu by His Excellency, ex Vice-President Atiku Abubakar in his press conference earlier today as ‘Bola’ is very disrespectful and discourteous,” he wrote on X.

He said Atiku should recognise that the office of the president deserves to be accorded dignity despite political differences.

“He should know better that no matter your differences with Mr. President, for the sake of the country, that office should be accorded all the dignity it deserves,” Keyamo said.

Keyamo also described the tone of Atiku’s remarks as reflecting “pain and bitterness”, while referring to the former vice-president’s recent comment about Tinubu’s age.

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“After all, he made the outlandish claim the other day that Mr. President is older than himself. It is therefore a contradiction that he would also refer to an ‘elder’ by his first name,” he said.

Also, Dare, in a post on X on Saturday,  reacted to Atiku’s call for Tinubu to reduce petrol and electricity costs.

Atiku had on Friday asked Tinubu to use the remaining eight months of his administration to reduce the burden of petrol and electricity costs on households, workers and businesses.

He said the removal of petrol subsidy in May 2023 had contributed to higher transportation, food, logistics and energy costs. He also warned against phasing out electricity subsidies without addressing the impact on households and businesses.

Dare described Atiku’s manner of addressing the president as “the height of insolence”, accusing the former vice-president of political desperation.

“Alhaji Atiku’s manner of addressing President Bola Tinubu as Bola is the height of insolence. It is a clear descent into the abyss of unbridled desperation and an unraveling mind,” Dare wrote.

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“To seek to lecture a sitting president with the unbridled insolence of dropping his first name, petulantly barking instructions, and dictating how governance should be run within a truncated timeline is the height of political hubris.”

Dare defended the Tinubu administration’s economic policies, saying the president was undertaking reforms to address structural problems in the economy.

Dare also questioned Atiku’s criticism of government intervention in the economy.

“Atiku’s sudden conversion to the gospel of interventionism rings hollow,” he said.

He accused Atiku of using Nigerians’ economic difficulties for political purposes ahead of the 2027 elections.

“This is a desperate strategy by a perennial seeker of power who weaponizes transient national discomforts for electoral mileage,” Dare added.

“Nigerians do not need lectures on fiscal management from a political wanderer whose decades-long pursuit of the presidency has been defined by perpetual opportunism.”

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South Africa-based Nigerian lecturer found dead at her residence

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A Nigerian lecturer at the University of Fort Hare, South Africa, Ayodele Odularu, has been found dead at her residence in Eastern Cape Province of South Africa.

According to reports, Gbadebo Odularu, the brother of the deceased, said she died on August 16 at the age of 51.

A family member, who spoke on condition of anonymity, told Punch’s Diaspora Tales that the lecturer’s death was not natural and the circumstances remained unclear to the family.

The family had asked for an investigation into her death.

In a GoFundMe statement published by Gbadebo on behalf of the family, the lecturer was described as someone who “dedicated her life to knowledge, discovery, and creating a better future for communities”.

The family said “although her journey on earth ended too soon, the impact of her life continues through the people she inspired, the knowledge she shared, and the communities she hoped to serve”.

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“Ayodele was far more than a sister. She was a cherished daughter, aunt, friend, mentor, scholar, and a source of encouragement, compassion, wisdom, and strength to everyone blessed to know her,” the statement reads.

“Her presence brought warmth into every room. She was known for her kindness, infectious laughter, generosity, resilience, and unwavering commitment to uplifting others. She had a rare ability to make people feel valued, heard, and inspired.

“Dr. Ayodele Odularu dedicated her life to knowledge, discovery, and creating a better future for communities.

“As an Independent Senior Researcher at the University of Fort Hare Community, she contributed meaningfully to academic research and the advancement of knowledge through her scholarly work.”

On Thursday, University of Fort Hare organised a memorial service in honour of the lecturer.

The lecturer died amid the violent attacks against Nigerians and other Africans in South Africa.

To date the Federal Government has 
facilitated the evacuation of 1,716 Nigerians from South Africa over Xenophobic attacks in the former apartheid country.

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