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Ikpeazu denies corruption allegation, affirms PDP membership

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A former governor of Abia State, Okezie Ikpeazu, has denied being indicted in any corruption-related matter.

He also affirmed his membership in the People’s Democratic Party.

The ex-governor was recently nominated by President Bola Tinubu for an ambassadorial position and is awaiting Senate confirmation.

Sunday PUNCH had analysed the nominees, spotlighting five surrounded by controversies.

In Ikpeazu’s case, our correspondent referenced a Premium Times report on a 2024 KPMG document.

The 359-page document, titled ‘Final Report: Provision of Process Review Services to Abia State Government,’ was said to have flagged financial irregularities under the former governor’s administration.

It was also reported that the state government submitted a copy of the document to the Economic and Financial Crimes Commission for possible prosecution of those indicted.

But responding in a statement on Sunday, Ikpeazu said the KPMG report was misrepresented.

In the statement, Ikpeazu’s media adviser, Enyinnaya Appolos,  argued that no audit of Abia State’s accounts was carried out; rather, KPMG conducted only a process review.

He said, “What the current administration commissioned was a process review — not a financial audit, not a forensic investigation, and certainly not an indictment.”

According to him,  the document explicitly stated that the assignment was not conducted in the capacity of a statutory auditor, nor was KPMG required to render any opinion on the state’s financial statements.

The document quoted by Appolos was addressed to the Abia State Governor and was sighted by our correspondent on Sunday.

The document, dated March 2, 2024, read in part, “This assignment was not performed by us in the capacity of a statutory auditor. Hence, this is not any form of financial statement audit of ABSG or any entity listed in the report. We are, therefore, not required to render an opinion on the financial statements of ABSG or any entity listed in the report.

“Rather, we have performed the procedures we considered appropriate in the circumstances and in line with the relevant KPMG methodology.

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“We were also not required to review the adequacy or otherwise of the output of the prior or current external auditors and/or consultants of ABSG.”

KPMG added that it “did not conduct a trial or inquiry in the course of the assignment, act as a tribunal, commission of inquiry, or in any judicial or quasi-judicial role; perform any adjudicatory function whatsoever; or conduct any exercise aimed at determining whether any person was guilty or innocent of any offence.”

Appolos stressed that “a process review cannot ‘indict’ anyone. It merely evaluates procedural compliance. It cannot make findings of guilt or wrongdoing.”

He also dismissed claims that Ikpeazu diverted N1.9tn, describing it as impossible.

“Abia State under Ikpeazu did not generate or access up to N1tn in total revenue in eight years. How does someone divert what does not exist?” he added.

He noted that the EFCC and other anti-corruption agencies had previously reviewed and dismissed as politically-motivated allegations of diversion of N10bn meant for the Abia Airport project.

Appolos noted that since leaving office in 2023, Ikpeazu had never been charged, prosecuted, or invited by any court over corruption allegations.

“Dr Ikpeazu served Abia State diligently for eight uninterrupted years and left office without legal or administrative blemish,” he added.

He also dismissed the notion that Ikpeazu had dumped the PDP for the APC.

Appolos said, “His Excellency Okezie Ikpeazu has never defected to the APC. He remains a card-carrying and loyal member of the PDP.

“Only three weeks ago, he attended the PDP stakeholders’ meeting held on 18 November 2025. Any suggestion that he joined the APC is not only false but easily disproved by public records and party officials.”

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PHOTOS: Branded panties distributed in Kano as campaign materials

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Residents of Kano received panties branded with the face of Kano Governor, Abba Kabir Yusuf, as part of the campaign materials distributed to them.

A video shared online shows women holding the red panties with the face of the governor printed on them as they danced.

Usually, campaign materials distributed in Nigeria include branded food items, caps, t-shirts, and yards of clothing materials.

With panties now being included by the current governor of Kano state, it remains to be seen if other politicians would follow suit and add branded panties to their campaign materials.

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Read how Adelabu resigned against Tinubu’s wish

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The Minister of Power, Adebayo Adelabu, resigned from President Bola Tinubu’s cabinet against the wishes of the President who had dissuaded him from quitting, Saturday PUNCH has learnt.

Insiders familiar with the back and forth that preceded the resignation told our correspondents on Friday that Adelabu insisted on quitting the cabinet to pursue his governorship ambition in Oyo State.

Adelabu announced his resignation on Wednesday in a letter dated April 22, 2026, and addressed to the President through the Office of the Secretary to the Government of the Federation.

The spokesperson for the SGF’s office confirmed the resignation to Saturday PUNCH and declined further comment.

“Anything apart from that, I am not in a position to answer,” he said.

Adelabu’s resignation came after Tinubu directed all political appointees under his administration who intended to contest elective offices in the 2027 general elections to resign their appointments on or before March 31, 2026.

The directive, announced on March 17 in a circular issued by the Office of the Secretary to the Government of the Federation, is in line with Section 88(1) of the Electoral Act, 2026, and the timetable released by the Independent National Electoral Commission for party primaries ahead of the 2027 polls.

While four ministers, including Yusuf Tuggar of Foreign Affairs and Nkeiruka Onyejeocha of Labour and Productivity, resigned in line with the March 31 deadline, Adelabu’s resignation came 22 days later.

The 2023 Oyo State Accord Party governorship candidate said he resigned to pursue his ambition, adding that his resignation takes effect from April 30, 2026, to allow for a smooth transition.

While a section of the public believes that the minister might have been asked to resign by the President, insiders insisted that he voluntarily stepped down to pursue his governorship ambition.

Credible sources in the Presidency and among Adelabu’s aides told our correspondents that Tinubu had wanted to consider the Oyo APC chieftain as the new Minister of Finance and Coordinating Minister of the Economy, following Wale Edun’s resignation.

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“The truth is that he (Adelabu) resigned. He wasn’t sacked. I can confirm that to you. In fact, the President didn’t want him to go. He came to the Villa on Tuesday, where he met with the President. The President had been avoiding him for the past two months so he wouldn’t get the opportunity to talk about resignation. That’s why he delayed,” a top government official in the Presidency said.

According to the source, the President had sent intermediaries to caution Adelabu against resigning.

“The President sent people to tell him not to resign. When the two men finally met at the Villa on Tuesday, Tinubu asked Adelabu a direct question about his chances of winning the primaries and the governorship.

“The President asked him an honest question: ‘Are you sure you can win the ticket?’ And he answered immediately, ‘Yes, sir, I can win. I will win.’ And the President told him, ‘Best of luck.’ He is an optimist. He left by himself,” the source said.

Another insider told our correspondent that the President had consistently defended Adelabu’s performance in office, even in the face of public criticism over persistent grid collapses and rising electricity tariffs under the minister’s watch.

The official said, “The President didn’t want him to go. Even when people said he was not performing, the President defended him, saying he was doing well because the problem with the power sector is not a one-man game or a minister’s issue alone.

“There are layers of things that need to be fixed before we can see real results. And the President is satisfied with him doing some of those things,” the source added.

However, a third source clarified that the March 31 deadline was administrative rather than legal, and that Adelabu’s resignation fell within the window prescribed by the Electoral Act 2026.

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The official said, “What came from the SGF is an administrative circular. It doesn’t have the force of law behind it. The Electoral Act says you resign 30 days before the primaries. That is the law. And he is early and within the time range since he is running for governor.”

Similarly, an ally of the minister, who spoke with Saturday PUNCH on Friday on condition of anonymity, said Adelabu had a project he needed to deliver before his resignation.

“Some people believed he would not resign, but he did. The minister didn’t disrespect the President. If a team lead asks the general team members to go somewhere and then calls an individual aside to say, ‘Look, you have to finish the special project you’re doing before you go,’ will that individual leave?

“Adelabu is the President’s son and he enjoys his support. He would have been the Minister of Finance if he had not resigned. Anybody criticising the minister because he didn’t resign in March as directed by the President does not understand the relationship between the two of them.

“Before he resigned, the minister met with the President to give a report of his stewardship, and the President was pleased with him. In fact, left to the President, he would not have allowed him to go, but he told the minister he would not stop him from pursuing his governorship ambition.”

Adelabu’s media aide, Femi Awogboro, also confirmed that the minister received Tinubu’s blessing before his resignation.

He said it would not be the first time Adelabu would voluntarily resign from a high position on conviction.

“Beyond his long-standing ambition, it is worth recalling that Adebayo Adelabu once voluntarily resigned from the Central Bank of Nigeria, where he served as Deputy Governor (Operations), driven by his passion to give back to society. This demonstrates that resigning from any position, when necessary, has never been an issue for him.

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“He does not embark on any journey without prior approval from Almighty God and his father and mentor, President Bola Ahmed Tinubu. The good people of Oyo State have consistently agitated and called on him to govern the state, based on his track record and his strong interest in grassroots development and local government emancipation.

“This widespread support was clearly evident on Thursday, April 23, when he arrived at Alakia, Ibadan Airport. Ibadan was agog with a remarkable display of genuine love and enthusiasm from the people. It truly shows that he is loved across the 33 local government areas of Oyo State and widely preferred as their choice for leadership,” Awogboro stated.

Adelabu, a grandson of the late Adegoke Adelabu, the Ibadan political icon popularly known as Penkelemesi, contested on the platform of the APC and lost to Makinde.

He tried again in 2023 and lost to the same opponent.

In October 2025, he publicly rededicated himself to the ambition.

“I have been on this journey for a while now. But this 2027, God has shown that it’s my turn. It’s Adelabu time,” he stated.

The APC in the South-West is, however, believed to be gravitating towards a former Secretary to the State Government of Oyo State, Sharafadeen Alli, as a consensus candidate, following a stakeholders’ meeting in Lagos on March 30.

President Tinubu was reported to have endorsed Alli’s bid alongside Deputy Governor Obafemi Hamzat for Lagos and Senator Olamilekan Adeola for Ogun.

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Ekiti guber: Nothing to show after 3 years – Isaac Fayose warns against Oyebanji’s re-election (VIDEO)

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Ekiti-born Nigerian businessman, Isaac Fayose, has warned electorates in Ekiti State against re-electing Governor Biodun Oyebanji for second-term.

Isaac Fayose gave the warning on Friday in a video he shared on his official Facebook page while reacting to the report of President Bola Tinubu’s alleged move to storm the state on Monday.

Reports indicate that the president is set to flag off the All Progressives Congress, APC governorship campaign in Ekiti State on April 27, 2026.

The event is scheduled to take place at the Ekiti Parapo Pavilion in Ado-Ekiti.

Reacting, Isaac Fayose wondered why the governor failed to invite the president for project commissioning since he took over office.

He said, “I heard that Mr President will be coming to Ekiti State on Monday to flag the flag off.

“Mr President, for over three and a half years, why didn’t they invite you to come and commission anything? Now they are inviting you to come and flag off the campaign.

“Why do you want to reinforce failure in Ekiti State? You are dragging Ekiti people back.

“Now you want to dash this guy another four years of hopelessness and nothing to show? This is unfair on Ekiti people.”

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