Since his arrival in Akwa Ibom property and investment company limited, Uyo (APICO) on December 11, 2019, the government appointed MD/CEO has been held bent on acquiring unprecedented wealth at the detriment of the company according to reliable sources.


To resist attempt by other management and staff to stop his unethical practices according to our findings, he called for restructuring of the company by the state government, believing that he will be given the free hand to send away his perceived enemies and opponents of his practices.




Our correspondents have also noticed UDONFANG CAMPAIGN NETWORK BUSES back on the roads indicative of activating his political aspiration for Abak Federal Constituency position in 2023. We also gathered that during this period under review, He has acquired land and develop for the numbers self-contained. One bedroom housing units as his personal estate at Obio akpa, Oruk Anam LGA.



Acquiring of four bedroom bungalow off Nkemba Street, Uyo among others.
He is operating a one man management system of administration without observing due process and administrative procedures e.g overriding known conditions of service especially in staff management and human resource control like arbitrary suspension of staff from work without due process and using foul and abusive language on staff.



Abusive withdrawal of funds in the company’s coffers like drawing money for four domestic staff when this has been provided for in his monthly salary as domestic servants.



Read more https://nowupdateonline.com.ng/2021/03/21/turmoil-in-apico-as-md-calls-for-restructuring-to-cover-alleged-fraudulent-activities/