EFCC: We Solidified N5bn Imo Funds Because Okorocha Was Spending Too Much During Elections


The Economic and Financial Crimes Commission (EFCC) has given more subtleties into its test of the Imo state government.

The counter unite body says it solidified N5billion finances having a place with the state government since Governor Rochas Okorocha was spending an excessive amount of cash amid the 2019 general decisions.

The EFCC further additionally uncovered that the N8billion Paris Club credit discounted to the state for the installment of compensations was botched by the senator. This was uncovered by EFCC’s zonal head for south-east locale, Usman Imam, amid a visit with writers.

As per him, the commission’s their opportune mediation spared the state over N5billion that would have been conveyed in vote purchasing by the Okorocha’s organization amid the surveys.

The EFCC zonal head said about N8billion from the Paris Club Refund bailout implied for installment of specialists’ pay rates was kept by the administration, just to start spending it pointlessly on the eve of the races.

His words: “What we found was that inside two days, N700m was pulled back in real money; N200m on the main day and N500m on the second day and all these monies were dispensed in a way that was actually unpalatable.

“Dispersion to teachers; I don’t have the foggiest idea, schools that you were not financing and you woke up on the eve of the decision and pulled back N500million money and begin conveying N1000 each or so to instructors. Whatever that implies, I don’t have the foggiest idea.

“When we came in, we had the option to spare around seventy something million of the assets that we found were not dispensed, we additionally blocked it. Individuals are as yet responding to inquiries with respect to who requested that they move those monies, monies that were hindered at the banks.

” He communicated good faith that the Imo representative choose, Emeka Ihedioha, would put the assets to more readily utilize when he expect office He stated: “These monies were the intercession reserves; the bailout reserves that the government discharged to states to pay rates when they were having issues paying pay rates.

“They didn’t use that cash to pay the compensations; they warehoused it and kept it until the race time frame, they began endeavoring to draw down the cash.

Whatever occurs, we have spared over N5billionn of that cash, as we talk, two weeks to handover.

“Most likely, the following government would have that cash to utilize it better. There are a great deal of other general examinations going on in Imo at the present time.”

However, He has denounced All Progressives Congress (APC) national chairman, Comrade Adams Oshiomhole of witch-chasing him after he guaranteed his rise as national executive of the APC.

Okorocha who is at loggerheads with the national administration of the APC, blamed Oshiomhole for plotting to cut him down.

Okorocha said at a news conference in Abuja, “There is nothing close to home among me and Adams Oshiomhole other than the way that he is an integral part of this abnormal state of trick to cut down Rochas politically.

“What is difficult is that Adam Oshiomhole that I actually put into this position.”


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