The Indigenous People of Biafra (IPOB) has cautioned South-East politicians against looting the N250bn South-East Development Commission Fund, insisting it must be used solely for infrastructural development. Will the funds be properly utilized? Find out more.
The Indigenous People of Biafra (IPOB) has sounded a strong warning to politicians and stakeholders in the South-East region, cautioning against any misappropriation of the N250 billion allocated for the newly established South-East Development Commission (SEDC). The group insists that the funds must be strictly utilized for the infrastructural and economic advancement of the region, rather than serving as a political slush fund.
In a statement issued on Sunday, IPOB expressed deep concerns over what it described as a history of corruption and diversion of public funds by South-East leaders. The pro-Biafra group declared that it would not sit idly by while politicians share the funds among themselves under the guise of development projects.
The statement reads in part: “We are aware of the establishment of the South-East Development Commission and the allocation of N250 billion to it. However, we caution politicians and stakeholders in the region against any attempt to hijack these funds for personal enrichment. The South-East has suffered years of infrastructural decay, economic marginalization, and neglect, and this fund must be strictly used to correct these injustices.”
IPOB further warned that it would hold all political leaders accountable for how the funds are disbursed and spent. The group emphasized that any attempt to embezzle or misappropriate the resources meant for the people’s welfare would be resisted by every means necessary.
The pro-Biafra group also referenced past government initiatives and intervention programs that, according to them, failed to yield meaningful results due to mismanagement by political elites in the region. They accused politicians of converting public funds into private wealth while the masses continue to suffer from poor road networks, lack of healthcare facilities, unemployment, and declining economic opportunities.
According to IPOB, the N250 billion South-East Development Commission Fund must be transparently managed to address key challenges, including the rehabilitation of federal roads, investment in education, and boosting industrialization in the region. The group called on the people of the South-East to remain vigilant and ensure that the funds are utilized appropriately.
IPOB also urged civil society organizations, traditional rulers, youth groups, and other stakeholders to demand transparency in the allocation and execution of projects under the SEDC. It stressed that the funds should be subject to public scrutiny and that any official found to be mismanaging the resources must face the full wrath of the law.
“The South-East cannot afford another failed intervention program. We have seen what happened to past government initiatives, and we will not allow history to repeat itself,” IPOB stated.
With the warning issued, all eyes are now on the implementation of the South-East Development Commission projects, as concerns over accountability and potential corruption continue to dominate discussions across the region.
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