Shocking headline from a WhatsApp political platform
GOVERNMENT ROBBERY IN ABIA STATE
FAAC: ABIA RAKES N88.7B IN 2018
*Aba, Umuahia, Isiala ngwa and Ukwa, top list of highest earners
Obinna Don Norman
Despite raking the net sum of N88.7 billion in 2018 fiscal years, Governor Okezie Ikpeazu’s government failed to complete any landmark project including the minutest obligation of payment of salaries and pension gratuities and allowances.
According to the Federal Ministry of Finance, FAAC Allocation disbursement series of 2018 for FG and States, Abia State received the sum of N55.326 billion while the 17 LGAs got a combined sum of N33.440 billion.
The recently released document revealed that Aba metropolis (Aba North/South), Umuahia, (North/South), Isialangwa (North/South) and Ukwa (East/West) topped the list of highest earners.
Aba, the commercial hub of the state with two Local Council Areas, (North/South) top the chart with a combined allocation of N4.603 billion. Umuahia, the state’s capital city with two Local Council Areas, (North/South) is second on the chart with a combined net sum of N4.318 billion.
Third on the list is Isiala Ngwa with two Local Councils (North/South) that received a combined net sum of N3.785 billion, followed by Ukwa, (East/West) in the fourth position with a combined net sum of N3.108 billion.
Bende and Isukwuato, two LGAs threatening by devastating erosion also received the sum of N2.053 billion and N1.809 billion respectively. Aside from several months’ salary arrears owed the Local Government workers, these LGAs were left at the mercy of erosion that has in the past months swept away buildings, schools, villages and major roads.
Below is the breakdown:
STATE FAAC ALLOCATION, JANUARY TO DECEMBER 2018
JAN – N4.358 billion
FEB – N4.324 billion
MARCH – N4.410 billion
APRIL – N4.304 billion
MAY – N4.546 billion
JUNE – N4.511 billion
JULY – N4.708 billion
AUG – N4.602 billion
SEPT – N4.849 billion
OCT – N4.730 billion
NOV – N4.864billion
DEC - N5.113 billion
TOTAL - N55.326 billion
17 LGAS FAAC ALLOCATION, JANUARY TO DECEMBER 2018
Aba North - N1.715 billion
Aba South - N2.888 billion
Arochukwu- N2.005 billion
Bende - N2.053 billion
Ikwuano - N1.862 billion
Isiala Ngwa North-N1.923 billion
Isialangwa South-N1.862billion
Isuikwuato -N1.809 billion
Nneochi - N1.963 billion
Obingwa - N2.001 billion
Ohafia - N2.201 billion
Osisioma - N2.116 billion
Ugwunagbo - N1.607 billion
Ukwa East - N1.517 billion
Ukwa West - N1.591 billion
Umuahia North - N2.320 billion
Umuahia South - N1.998 billion
TOTAL = N33.440 billion
Few weeks from now, The Realm News will review Abia State 2016, 17 and 18 budgets as presented by Gov. Victor Okezie Ikpeazu. We will analyse the budgets and compare them with revenues generated to ascertain how effectively they were implemented.
Do not miss it.
*Obinna Don Norman*
If you add that to Billions of Internally Generated Revenue and bank borrowings, you have close to 120 Billion Naira looted by Ikpeazu and his PDP gang in 2018 alone. Multiply that by 4 years, plus 50 Billion Naira gotten from Paris Refund and Bailout fund and you have over 500 Billion Naira that has been squandered from Abia in the 4 years.
REPORT OF A CEREBRAL GANG OF FRAUDSTERS IN ABIA STATE.
FAAC: ABIA RAKES N88.7B IN 2018
*Aba, Umuahia, Isiala ngwa and Ukwa, top list of highest earners
Obinna Don Norman
Despite raking the net sum of N88.7 billion in 2018 fiscal years, Governor Okezie Ikpeazu’s government failed to complete any landmark project including the minutest obligation of payment of salaries and pension gratuities and allowances.
According to the Federal Ministry of Finance, FAAC Allocation disbursement series of 2018 for FG and States, Abia State received the sum of N55.326 billion while the 17 LGAs got a combined sum of N33.440 billion.
The recently released document revealed that Aba metropolis (Aba North/South), Umuahia, (North/South), Isialangwa (North/South) and Ukwa (East/West) topped the list of highest earners.
Aba, the commercial hub of the state with two Local Council Areas, (North/South) top the chart with a combined allocation of N4.603 billion. Umuahia, the state’s capital city with two Local Council Areas, (North/South) is second on the chart with a combined net sum of N4.318 billion.
Third on the list is Isiala Ngwa with two Local Councils (North/South) that received a combined net sum of N3.785 billion, followed by Ukwa, (East/West) in the fourth position with a combined net sum of N3.108 billion.
Bende and Isukwuato, two LGAs threatening by devastating erosion also received the sum of N2.053 billion and N1.809 billion respectively. Aside from several months’ salary arrears owed the Local Government workers, these LGAs were left at the mercy of erosion that has in the past months swept away buildings, schools, villages and major roads.
Below is the breakdown:
STATE FAAC ALLOCATION, JANUARY TO DECEMBER 2018
JAN – N4.358 billion
FEB – N4.324 billion
MARCH – N4.410 billion
APRIL – N4.304 billion
MAY – N4.546 billion
JUNE – N4.511 billion
JULY – N4.708 billion
AUG – N4.602 billion
SEPT – N4.849 billion
OCT – N4.730 billion
NOV – N4.864billion
DEC - N5.113 billion
TOTAL - N55.326 billion
17 LGAS FAAC ALLOCATION, JANUARY TO DECEMBER 2018
Aba North - N1.715 billion
Aba South - N2.888 billion
Arochukwu- N2.005 billion
Bende - N2.053 billion
Ikwuano - N1.862 billion
Isiala Ngwa North-N1.923 billion
Isialangwa South-N1.862billion
Isuikwuato -N1.809 billion
Nneochi - N1.963 billion
Obingwa - N2.001 billion
Ohafia - N2.201 billion
Osisioma - N2.116 billion
Ugwunagbo - N1.607 billion
Ukwa East - N1.517 billion
Ukwa West - N1.591 billion
Umuahia North - N2.320 billion
Umuahia South - N1.998 billion
TOTAL = N33.440 billion
Few weeks from now, The Realm News will review Abia State 2016, 17 and 18 budgets as presented by Gov. Victor Okezie Ikpeazu. We will analyse the budgets and compare them with revenues generated to ascertain how effectively they were implemented.
Do not miss it.
*Obinna Don Norman*
If you add that to Billions of Internally Generated Revenue and bank borrowings, you have close to 120 Billion Naira looted by Ikpeazu and his PDP gang in 2018 alone. Multiply that by 4 years, plus 50 Billion Naira gotten from Paris Refund and Bailout fund and you have over 500 Billion Naira that has been squandered from Abia in the 4 years.
REPORT OF A CEREBRAL GANG OF FRAUDSTERS IN ABIA STATE.
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