Imo panel indicts Okorocha over N6bn oil community fund

Rochas okorocha

The board established by Governor Emeka Ihedioha to explore the tasks of the Imo State Oil Producing Area Development Commission (ISOPADEC)  from May 2011 to May, 2019 has actually arraigned the instant previous guv of the state, Rochas Okorocha, over affirmed misappropriation of N6, 044, 774, 341. 37 assigned to the compensation.

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Presenting the report to the guv in Owerri the other day, the board’s chairman, Romanus Ezeogu, claimed: “The administration of Rochas Okorocha handled the funds of ISOPADEC within his eight years tenure from the pit of wickedness. The short-fall in revenue accrual from the Federation Account; uncounted for stood at N6, 044, 774, 341. 37.”


The board likewise implicated Okorocha of randomly launching component of the fund for acquisition of lorries as well as transformers for political projects in addition to drawing away over N311 billion amassing to the compensation from bailout fund, Paris Club reimbursement, the  city government joint work salary/pension, the Secondary Education Management Board account, to name a few.

It likewise implicated Chike Okafor as well as Paschal Obi, participants standing for Okigwe South as well as Ideato South at the House of Representatives of affirmed participation in the misappropriation of the ISOPADEC funds.

In his reaction, Ihedioha restated the dedication of his management in the direction of due process, responsibility as well as openness.


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