05/03/2025
EMMANUEL UDOM LOOTING OF N700BILLION FROM AKWA IBOM TREASURY
These are some of the following suspicious transactions from the Office of the Governor’s Zenith bank account number 1014317094 in the guise of ‘Security’:
i. A total of N435,000,000 (Four Hundred and Thirty-FiveMillion Naira) was withdrawn from the above account in trenches of N200,000,000 on 12/2/2016, N100,000,000 on 4/8/2016 and another N135,000,000 on 6/13/2016 with a simple caption ‘SECURITY FORMATIONS’ attached to the withdrawals.
ii. On 12/23/2016, N109,000,000 (One Hundred and Nine Million Naira) was withdrawn from the above account in a single day with the simple captions ‘SECURITY/MILITARY FORMATIONS’ attached to the withdrawal.
iii. Similarly, on 11/3/2016, N120,000,000 was withdrawn from the same account and the transaction description attached was ‘OPERATIONAL EXP SECURITY FORMATN’. On the same day, another N150,000,000 was withdrawn from the same account for ‘SECURITY LOGIS & MAINTANANCE’.
iv. On 11/4/2016, N125,000,000 (One Hundred and Twenty-Five Million Naira) was withdrawn for ‘SECURITY FORMATIONS/QRS, ARMY’ from the aforementioned account.
v. On 12/2/2016 and 11/4/2016, N223,000,000 and N125,000,000 respectively were withdrawn from the aforementioned account with the transaction description simply given as ‘SECURITY/PARAMOUNT RULERS ME’.
vi. On the 20/4/2016 and 21/4/2016, N200,000,000 was withdrawn for ‘MONTHLY LOGISTICS & MAINTENA and N130,000,000 for ‘MONTHLY ALLWC TO FORMATIONS’ respectively.
vii. On 13/6/2016, N175,000,000 was withdrawn for ‘MONTHLY SECURITY ALOWANC/OPE’ from the same account
viii. Findings showed that on 11/3/2016,
N105,650,000 was withdrawn for ‘SECUR & LOG STAKEHOLDERS MEE’, another N90,000,000, N170,000,000 and N22,000,000 withdrawn on 13/6/2016, 21/4/2016 and 23/6/2016 respectively for ‘STAKEHOLDERS MEETING’. Also, another N235,150,000 was withdrawn on 23/12/2016 ‘EXP FOR STAKEHOLDERS/ROYAL C’.
ix. On 2/12/2016 N250,000,000 was withdrawn for ‘FORMATION/ANTI BOMB SQUAD’ and another N120,850,000 withdrawn on 12/23/2016 for EXP FOR ANTIBOMB SQUAD/OT.
These withdrawals totaling more than N3,220,650,000 (Three Billion Two Hundred and Twenty Million Six Hundred and Fifty Thousand Naira) among others have no proper transaction description contrary to Financial Regulation 603.
The funds may have been laundered abroad or to private pockets.
Audit found that RONESANS NIGERIA CONSTRUCTION LIMITED received a total of N200,000,000 (Two Hundred Million) from the AKSG - GOVERNMENT ACCOUNT Zenith Bank Account number 1011335653 on the 5/9/2017.
RONESANS NIGERIA CONSTRUCTION LIMITEDwas incorporated in LAGOS, Nigeria with Registration Number 1133131. It was registered on 02 Aug 2013 and its current status is unknown. Company's registered office address is 6th Floor UBA House 57 Marina, Lagos.
Directors in the company include Raffia Properties Limited Rep. By OLIVER OKON EBONG, RONESANS AFRIKA INSAAT SANAYI VE TICARET as Rep. By RESIT TOLGA BABUROGLU, EBONG OLIVER.
OLIVER OKON EBONG who is also the owner of OlkemNigeria Limited a front that was used by the erstwhile Governor to loot billions of Niara of Akwa Ibom funds.
DORATHY O INYANG received a sum total of N1,250,000,000 (One Billion, Two Hundred Million Naira Only) from the Office of the SECRETARY TO THE STATE GOVERNMENT AKSG Zenith bank account 1013528932.
