EFCC Probes N10bn Abia Airport Saga – Otti
Gov. Alex Otti of Abia has said that the Economic and Financial Crimes Commission (EFCC) is investigating the alleged misappropriation of N10 billion purportedly spent for a non-existent Abia Airport by the previous administration.
Otti disclosed this on Friday night, during February media chat, saying that the commission was still inviting individuals who received the funds into their accounts.
He explained that his administration had petitioned EFCC regarding the alleged looted funds meant for the project. He expressed the confidence that the money would be recovered, saying that the people involved would return the funds “at the appropriate time”.
The forensic audit revealed that N10 billion, allocated for the airport project by Dr Okezie Ikpeazu’s government, was misappropriated. The audit report further disclosed that the funds were transferred to 32 different accounts.
Otti said that his administration was focused on recovering the looted funds to ensure good governance and development in Abia. He said, “We are still on it and I’m sure that at the appropriate time they will bring back the money.”
The governor also announced subsidised fares for the recently launched Electric Bus Services on two major routes in the state. According to him, commuters will henceforth pay N800 from Umuahia to Aba, and N1,000 from Umuahia to Ohafia.
“It is going to be cheap and organised in such a way that cash will not be accepted. “You have to pay with your ATM card, because we need to move up the ladder in our digital transformation, that’s where the world is going,” Otti said.
News Agency of Nigeria reports that the free bus service, which had endured from Dec. 2025, when the bus was launched, will end on Feb. 28. # EFCC Probes N10bn Abia Airport Saga – Otti Nestlé Nigeria: Momentum Repriced by Fundamentals, Not Speculation
