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Sale of Akwa Ibom shares in V-Networks: My hands are clean — Attah

FORMER governor of Akwa Ibom State, Obong Victor Attah, says he is completely satisfied that the sale of the state’s shares in V-Networks had been thoroughly investigated by the EFCC and the matter closed, saying he “therefore, cannot understand the context in which the Obong Victor Attah in London or any other organisation or person would mention my name in relation to any accusation of theft or looting of state funds.”

Attah, in a statement at the weekend, said: “Deriving from an ill-motivated and malicious petition, claiming that the brokerage fee paid to ADFI, a portion of which was at the time in Access Bank, was the proceed of crime the EFCC placed a caution on the account and conducted a thorough investigation of the entire transaction for a period of nearly two years, from March 2007 to January 2009, within which time they, in fact, took the two parties – AKIIPOC and ADFI – to court”.

He explained how the state’s shares in the telecommunications firm were sold, saying the investment yielded over 300 percent increase in revenue for the state.

His words: “After every effort to jointly sell V-Networks shares to Vodacom had failed, Akwa Ibom State Government, through Akwa Ibom Industrial and Investment Promotion Council (AKIIPOC) engaged African Development Fund Inc (ADFI) to market its shares off-shore.”


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