Audit shows Ikpeazu left net credit balance of N3.49bn for Otti –Ex-commissioner

 Chief John Okiyi-Kalu, former Commissioner for Information in Abia State, has revealed that the Abia Forensic Audit report done by Klynveld Peat Marwick Goerdeler (KPMG), a multinational professional services network that provides audit, advisory, tax and legal services confirms that former governor, Okezie Ikpeazu, left a net credit balance of N3.48 billion for Governor Alex Otti.

Okiyi-Kalu added that against all the negative agenda of the current government against Ikpeazu, he even left more for Otti stressing that cash in the bank was different from other near-cash assets, such as a 3.5 percent share in Aba Independent Power Project (IPP) Geometric which now valued at N80 billion, among others.

Okiyi-Kalu said that given that one should at least expect a former Managing Director of a Bank to know the difference between a Process Review report and a Forensic Audit Report, he can only say that Otti lied deliberately to mislead the public.

He expressed sadness that many of Otti’s cheering crowd do not know the difference between an audit and a process review, a situation he advised all those confused to do proper research to know the difference.