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[Okorocha Excessive Spending] EFCC Gives Shocking Reasons For Frozen N5bn Belonging To Imo Pulse


As indicated by a report by Punch metro, the Economic and Financial Crimes Commission says it solidified N5bn reserves having a place with the Imo State Government since Governor Rochas Okorocha was spending an excessive amount of cash in a suspicious way amid the general races.


The EFCC further expressed that N8bn Paris Club advance discounted to the state for the installment of pay rates was bungled by Okorocha.


The EFCC’s Zonal Head for South-East, Usman Imam, said this amid a talk with writers.

Imam said their opportune mediation spared the state over N5bn that would have been sent in vote purchasing by the Okorocha’s organization amid the last races.

The EFCC chief said about N8bn 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 decisions.

He stated, “About N7.9bn is the thing that had been blocked, in spite of the fact that with weight, consequently, about N2.5bn was discharged for compensations. All in all, we have over N5bn of those assets blocked; we are following up to perceive what really occurred.

“Truly, what we found was that inside two days, N700m was pulled back in real money; N200m on the primary 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 subsidizing and you woke up on the eve of the race and pulled back N500m money and begin disseminating N1000 each or so to educators. 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 likewise blocked it. Individuals are as yet responding to inquiries regarding who requested that they move those monies, monies that were hindered at the banks.”

Imam said it was tragic the assets being referred to were intended for the installment of pay rates and benefits which stayed unpaid.

He said ideally when Emeka Ihedioha resumes office, the assets would be put to all the more likely use.

Imam included, “The miserable anecdote about this was these monies were the mediation reserves; the bailout reserves that the Federal Government discharged to states to pay compensations when they were having issues paying pay rates.

“They didn’t use that cash to pay the pay rates; 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 N5bn 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 ton of other general examinations going on in Imo at the present time.”

The EFCC had captured the Accountant-General of Imo State, Uzoho Casmir, for purportedly helping Okorocha, to wash N1.05bn for the governorship and get together races.

Okorocha, who is an individual from the All Progressives Congress, bolstered his child in-law, Uche Nwosu, of the Action Alliance against the governorship applicant of the APC, Senator Hope Uzodinma.

The demonstration earned Okorocha a suspension from the gathering a week ago.

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