How Akpabio Strangely Liquidated N4.72Billion Via Skye Bank In 21 Transactions 2 Days

Details of the uncommon plunder of the accounts of Akwa Ibom State by its former governor, Barr Godswill Akpabio, have begun to emerge many years after he left office on May 29, 2015.

Activities on his two Skye Bank accounts (No. 1760358450 and 1760368220) located at 177 Aka Road, Uyo showed that within two days in 20 transactions, the sum of N4,720,000,000 was moved in and out of the

The Skye Bank transactions are part of the information contained in several documents obtained by detailing how funds belonging to Akwa Ibom state were looted under former Gov Akpabio from 2007-2015.

Recall that Akpabio first came under investigation by the Economic and Financial Crimes Commission, EFCC, in late 2015 following accusations that he diverted over N100 billion from the coffers of Akwa Ibom between
2007 and 2015, an allegation which he had since denied.

In the course of the investigation, the EFCC wrote letters to Zenith Bank, Keystone Bank, First City Monument Bank, Skye Bank, and United Bank for Africa, UBA, for details on the state’s accounts under Akpabio’s tenure.

Key officers of the state including the accountant-general, the auditor-general, the Speaker, and the clerk of the House of Assembly were also put under surveillance by the EFCC.

The investigation was however resisted by the government of his successor, Udom Emmanuel, which went to court and obtained an interim injunction restraining the EFCC and other Federal Government agencies
from probing the finances of  Akwa Ibom State Government.

The judge, however, lifted the injunction months later paving way for full investigations.

The interim report by the EFCC suggested that Akpabio allegedly gave an unnamed bank N1.4bn for unknown reasons.

The former Governor in 2018 decamped from the Peoples Democratic Party, PDP, to the ruling All Progressive Congress, APC. Since then, his investigations by the EFCC appears stalled.

However, Akpabio’s Skye Bank account details for 2015 shortly after he left office, in possession, may provide further clues as to how the former Governor managed the state government’s accounts.’s findings on the Skye Bank account raise some curiosity because of the manner the bank shielded the nature of the transactions (whether credit or debit) even when huge sums were

On June 24 alone, 2015, less than 30 days after he left office, through his two Skye Bank accounts, the sums of N350million, N60million, N69million, N300million, N60million, N74million, N350million, N60million, N69million, N300million, N60million, and N74million were captured in the accounts.

Curiously the bank failed to state whether the huge sums were credits or debits. This adds up to 12 transactions in one day on both accounts.

The document showed another weird transaction six days later precisely on June 30, 2016. This time, the sums of N640million, N32million, N300million, N649,999,999million among others were recorded in the same accounts in eight transactions, all totaling N4.720 billion.

The curious lodgements shortly after leaving office may be part of the N100 billion allegedly laundered by Akpabio, according to the petitioners.

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