Over the weekend, news broke of how former Abia State governor, Theodore Orji who is now a Senator representing Abia Central and his son, Chinedum, th
Over the weekend, news broke of how former Abia State governor, Theodore Orji who is now a Senator representing Abia Central and his son, Chinedum, the Speaker of the State House of Assembly stole the state the stupor via a petition ‘Fight Corruption: Save Nigeria Group,’ submitted by some concerned individuals to antigraft agency, The Economic and Financial Crimes Commission.
This revelation which isn’t quite news in certain quarters is coming over four years after the ex-governor left office. He served between 2007 and 2015. In the petition which the EFCC has began investigations on, the former governor not only squandered over N150billion while also withdrawing N500m monthly for unexplained reasons while he was chief staff to a former governor, Orji Uzor Kalu who is currently cooling his heels in jail over the looting of the state’s funds; his son it was discovered, also operates about a 100 bank accounts with over half of that number still very much active.
These bank account, both corporate and individual accounts, he used to launder money for his father. The petition claimed these accounts received so much deposit in cash without evidence of job or services rendered.
The petition which is dated alleged that T.A Orji received and diverted various sums of monies that accrued to Abia State. Such monies included N383 billion revenue from federal accounts, N55 billion from Excess Crude Revenue, N2.3 billion Sure-P, N1.8 billion Ecological funds, N10.5 billion loan from First Bank of Nigeria through the Ministry of Chieftaincy and Local Government Affairs and N4 billion Loan from Diamond Bank. Others were N12 billion Paris Club refund, N2 billion Agricultural loan for farmer and N55 billion ASOPADEC funds.
Below are the names of fictitious companies created by the younger Orji for the sake of looting Abia State to stupor.
1. Fotoworld Industry Ltd, opened with GTBank, has in it $21million
2. Fotoworld Industry Ltd, with First Bank – N363million
3. Another Fotoworld Industry Ltd, with First Bank – $84,000
4. Another Fotoworld Industry Ltd, with First Bank – N343million
5. Another Fotoworld Industry Ltd, with First Bank – £1.7million (Pounds o)
6. Another Fotoworld Industry Ltd, with GTBank – N88million
7. Another Fotoworld Industry Ltd, with GTBank – $21million
8. Exact Construction Ltd, opened with Keystone bank – N1.2billion
- Another Exact Construction Ltd, with Keystone bank, has N636million
10. Another Exact Construction Ltd, with First Bank, has N599.8million
11. Fotofast Industry Ltd, with First Bank, has N21million
12. Another Fotofast Industry Ltd, with First Bank, has N224million - Another Fotofast Industry Ltd, with First Bank, has N4.1billion
14. Another Fotofast Industry Ltd, with First Bank, has N1.7billion
15. Another Fotofast Industry Ltd, with First Bank, has N274million
16. Another Fotofast Industry Ltd, with First Bank, has N64.9million - Fotofast Industry Ltd, with GTBank, has N425.6million
18.Another Fotofast Industry Ltd, with GTBank, has N71.8million
19.Another Fotofast Industry Ltd, with GTBank, has N23.5million
20.Another Fotofast Industry Ltd, with GTBank, has N158.5million
21.Another Fotofast Industry Ltd, with GTBank, has N50million
22.Orji Chinedum’s Access Bank personal account – $47,726.64
23.Orji Chinedum’s First Bank personal account – N117.7million
24.Another Orji Chinedum’s Access Bank personal account – $124.3million (DOLLARS O)
25.Another Orji Chinedum’s First Bank personal account – N342.7million
26.Orji Chinedum’s FCMB personal account – N384.9million
27.Another Orji Chinedum’s FCMB personal account – N205.5million
28.Orji Chinedum’s First Bank personal account – $601, 716.62
29.Another Orji Chinedum’s First Bank personal account – N153.9million
30.Another Orji Chinedum’s First Bank personal account – N153m
31.Another Orji Chinedum’s Access Bank personal account – N178.3m
32.Another Orji Chinedum’s Access Bank personal account – $48,000
33.Cheetah Press Ltd, First Bank account – N1.1billion
34.Cheetah Press Ltd, Union Bank account – N430.9million
35.Cheetah Press Ltd, Standard Chartered Bank account – N42million
36.Cheetah Press Ltd, GTBank account – N241million
37.Another Cheetah Press Ltd, GTBank account – N966million
38.Cheetah Press Ltd, UBA account – N143.9million
39.Another Cheetah Press Ltd, UBA account – N2.2billion
40.Another Cheetah Press Ltd, UBA account – N782.7million
41.TravelBETA, UBA account, $788, 174.22.
