Monday, 7 March 2016

Fraud in Imo: I regret collecting bailout fund – Okorocha


Imo State Governor Rochas Okorocha yes­terday said he regret­ted collecting the N26 billion bailout fund used in settling backlogs of salaries of workers in the state.

The Governor who was reacting to the recent invi­tation of his Principal Sec­retary, Dr Pascal Obi by the Economic and Finan­cial Crimes Commission (EFCC) over the alleged misappropriation of the bailout fund, explained that the money was used strictly for the purpose it was meant for, contrary to what he described as the fictitious petitions of his detractors in the state.

He stated: “Before we got the bailout fund the workers had started shouting about their sala­ries and we had to bor­row money from Zenith bank to pay the salaries so when the fund hit our bank it was disbursed to several other bank ac­counts including the Gov­ernment House Account to pay those that were not captured in the civil ser­vice”.

He further said that, “EFCC is free to inves­tigate any allegation of fraud against anyone but that does not mean that the person in question is guilty”.


The Governor however said that he regretted col­lecting the bailout fund, adding that, the monthly deductions which he said will run for the next twen­ty years, has drastically af­fected the allocation of the state.

He also disclosed that after the implementation of the agreement with labour, which left the state with 30% of the allocation, the salaries and entitlements of senior government officials were slashed by 35%.


Okorocha maintained that his Principal Secretary was never arrested by the EFCC, rather he was sum­moned based on the peti­tion of his political detrac­tors in the state.

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