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PRESS RELEASE: RE: Turmoil In APICO As The MD Calls For Restructuring To Cover His Fraudulent Practices

The attention of The Management Akwa Ibom Property and Investment Limited ( APICO) has seen a fictitious publication trending in the social media and local media with the caption ” TURMOIL IN APICO AS THE MD/CEO CALLS FOR RESTRUCTURING TO COVER HIS FRAUDULENT PRACTICES” wish the state and disabused the minds of the general public that the allegations are false and fabricated by few disgruntle individuals who are not happy with the unprecedented achievements and strides recorded by the Managing Director/ Chief Executive Officer, Barr Patrick Udomfang within the last (1) one year in office.

Management and Staff wish to restate their absolute confidence in the ability of the Managing Director/ Chief Executive Officer (MD/CEO) to move the company forward in line with the vision and aspiration of the company, Akwa Ibom State Government, therefore pass a vote of confidence on the Managing Director/Chief Executive Officer (MD) Barr.Patrick Udomfang .

Payments and financial dealings mentioned in the write-up and publication are all in tandem with the Company’s Rules and conditions of service approved by the Board of Directors of the company , same where not unilaterally approved and paid by the Managing Director/Chief Executive Officer Barr. Patrick Udomfang as alleged in the write-up and publication.

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