The rate at which those put in position of power rip off tax payers’ money is very alarming and from the look of things, the economy might eventually be crumbled by those meant to manage resources of the masses.

According to a report, a huge fraud has been unearthed in Imo State.

As residents of Oil Producing Communities in Imo State groan under deep-rooted poverty and underdevelopment, massive fraud has been uncovered in the Imo State Oil Producing Areas Community-ISOPADEC, a Commission established to enhance development of Oil producing Communities in the State.

Last Tuesday, there was a melee in the Commission, the cause of which, despite frantic efforts to suppress the story, has since been discovered to be a three year reign of graft and embezzlement of Board Members’ salary by the Commission’s Managing Director, Dr. Henry Okafor.

Information emanating from the Office of the Honourable Commissioner for Finance, Imo State, Mr. Chike Okafor reveals that the sum of eight hundred thousand Naira (N800,000.00) had been approved and disbursed as monthly salary for each ISOPADEC Commissioner.

Read more here: http://www.aproko247.com/2014/07/16/massive-fraud-uncovered-in-isopadec-as-md-begs-for-mercy/