x

Open Forum raises alarm over $80M unaccounted funds for Ibom Power

By Ogenyi Ogenyi, Uyo

Open Forum, a prominent advocacy group in Akwa Ibom has drawn the attention of the state government to unaccounted funds in key sectors, including the $80M allocated by the Federal Government to Ibom Power Company.

It also listed a N40 billion debt to Accugas and unresolved international legal battles over power sector liabilities, which it said underscored the pressing need for a comprehensive audit.

Founder/President, Mr Matthew Koffi Okono told a press conference yesterday in Uyo that there has been lapses in governance, and emphasized the need for urgent reforms to address systemic inefficiencies and strengthen public trust.

It called on the state government to increase their commitment to transparency, accountability, and sustainable development.

“These lapses point to a lack of accountability and undermine the public’s trust in the government’s financial management,” the group stated.

The Forum expressed disappointment on past investments in industrial projects such as Peacock Paint, which received N526 million in 2015 but failed to deliver tangible results.

Advocating for a forensic audit of past industrial ventures, it called for mechanisms to ensure proper utilization of resources in the administration’s ARISE Agenda, which prioritizes industrialization and economic growth.

Okono clarified that while the Eno administration may not focus on establishing new industries, revitalizing existing ones and leveraging local raw materials, such as solid minerals, remained critical to achieving the industrialization goals outlined in the ARISE Agenda.

He proposed rebranding the Ibom Christmas Village into the Ibom Festival of Arts and Culture (Ibom FESTAC) as a global tourism attraction, while preserving the Ibom Christmas Carol as a religious event in line with the state’s Christian identity.

“Akwa Ibom State needs a strategic framework that goes beyond yearly budgets and aligns with a 30–50-year development master plan,” he said, arguing that sustainable growth would depend on expert-driven, long-term planning rather than ad hoc measures.

To enhance governance, the group called for the establishment of the Akwa Ibom State Complaint and Anti-Corruption Commission (AKIPCACC) to act as a financial watchdog and ensure accountability across ministries and agencies.

He stressed the importance of empowering the legislature to conduct more inclusive and impactful public hearings, with published reports that provide actionable insights. It also advocated for targeted training for ministry officials to align their policies with the ARISE Agenda and eliminate bureaucratic inefficiencies.

The forum however applauded the recent government initiatives such as plans to host town hall meetings across the state’s ten federal constituencies, describing them as vital platforms for citizens to voice their concerns and advised the state government to prioritize people-centric capital projects.

He reaffirmed its commitment to advancing good governance and development in Akwa Ibom State., the forum also encourage commissioners to seize this opportunity and develop innovative ideas that align with the state’s vision for self-reliance and prosperity,”

Hot this week

APGA Releases Timetable for 2026 Anambra LG Primaries

The All Progressives Grand Alliance (APGA) has released its...

DSS arraigns ex-AGF Malami, son over terrorism financing, firearms charges

The Department of State Services (DSS) has arraigned former...

Senate urges enforcement of antidote stock guidelines after singer’s death

The Senate has urged the Federal Ministry of Health...

Community Leaders, Health Officials Back Door-to-Door Tobacco Control Campaign

By Idibia Gabriel, KadunaCommunity leaders and health officials in...

Sapele Land: Do Not Dare Us, Okpe Group Warns Itsekiri Chief, Others

Francis WilfredThe Pan Okpe Socio-Political and Cultural group has...

Oborevwori Urges New Police Cadets to Uphold Integrity and Professionalism

Delta State Governor, Rt. Hon. Sheriff Oborevwori, has urged...

Nigerian Navy Pledges Support for 2.5 Million Barrels Daily Oil Production Target

The Nigerian Navy has reaffirmed its commitment to supporting...

Politics Won’t Stop Abuja Infrastructural Progress- Wike

By Joyce Remi-BabayejuThe FCT Minister , Barr .Nysom Wike...

House of Reps Launches Major Probe into 20-Year Port & Airport Concessions

By Oladosu Adebola Oluwaseun...To quiz NUPRC, operators of...

APC chairman dismisses 2027 vice-presidential speculations

The National Chairman of the All Progressives Congress (APC),...

Community Leaders, Health Officials Back Door-to-Door Tobacco Control Campaign

By Idibia Gabriel, KadunaCommunity leaders and health officials in...

Related Articles

Popular Categories

spot_imgspot_img