The troubles of the outgoing administration of Rochas Okorocha in Imo State are far from over as the Economic and Financial Crimes Commission (EFCC), yesterday, said that it is investigating a case of money laundering against it during the last governorship election in the state.

EFCC’s zonal head for South East, Usman Imam during a briefing disclosed how their operatives, acting on tip-offs, blocked accounts belonging to the state government in the build-up to the election.

He spoke while highlighting the activities of the zone in the first quarter of the year, Imam said their timely intervention saved the state over N5bn that would have been deployed for vote buying by the Okorocha’s administration.

He revealed that about N8bn from the Paris Club Refund bailout meant for payment of workers’ salaries was warehoused by the government, only to begin frittering it on the eve of the election for phoney reasons, prompting the anti-graft agency to block the accounts.

“About N7.9bn is what had been blocked, although with pressure, subsequently, about N2.5bn was released for salaries. On the whole, we have over N5bn of those funds blocked; we are following up to see what actually happened. Honestly, what we discovered was that within two days, N700m was withdrawn in cash; N200m on the first day and N500m on the second day and all these monies were disbursed in a manner that was honestly unpalatable. Distribution to school teachers; I don’t know, schools that you were not funding and you wake up on the eve of the election and withdrew N500m cash and start distributing N1000 each or so to teachers. Whatever that means, I don’t know.

“When we came in, we were able to save about seventy something millions of the funds that we discovered were not disbursed, we also blocked it. People are still answering questions as to who asked them to move those monies, monies that were blocked at the banks.

“The sad story about this was that these monies were the intervention funds; the bailout funds that the Federal Government released to states to pay salaries when they were having problems paying salaries. They didn’t utilize that money to pay the salaries; they warehoused it and kept it until the election period, they started attempting to draw down the money. Whatever happens, we have saved over N5bn of that money, as we talk, two weeks to handover. Probably, the next government would have that money to use it better. There are a lot of other general investigations going on in Imo right now,” he stated.


He said the directive by EFCC Acting Chairman, Ibrahim Magu for proper monitoring to forestall money laundering during the election actually paid off.

He also said that the zone had in the course of investigations from January till date, recovered the sum of N102, 322, 630; and USD6, 450.

In addition, he stated that investigations were on to ascertain whether the 30 different brands of cars they seized were actually proceeds of crime or not.

The zonal head who said they received a total of 557 petitions in the period under review noted that 127 of them were approved and under investigation, while 230 were rejected on the grounds of being civil in nature, falling under other agencies’ mandates or already in court.

He announced that the commission has recorded 28 convictions this year as against 14 in 2018, adding that 45 of the cases were fully investigated and suspects charged to various courts in the region.

However, the EFCC is contending with 16 civil suits emanating from the zone, he added.

https://www.akelicious.net/2019/05/n8b-bailout-fund-why-were-probing.html

Make sure his prison cell is beside Naira Marley’s ...

Good one

A stubborn flies that fails to listen to advices,always follows the death to the grave.
OkoroAwusa fails to listen to his brothers,he decided to follows the wrong people,right now he has been killed politically,and waiting to be killed physically.
I pray Adam will has a change of heart..

Okorohausa the iberiberism master

Karma is a bitch

But pigs and idiots said EFCC only probe pdpigz

Oh! Thank you karma!..…i urge u to bleep this guy's ass real hard!

What of Amosun,El Rufai,Yahaya Bello,Ghandije,etc,did they not also do same,if not worse,with state funds during the gubernatorial polls?No one should say it's because Okorocha's tenure is ending and those above have immunity because Fayose was investigated and suspicious accounts frozen while still governor.Additionally,likes of Ajimobi,Amosun,etc,are also going out and nothing is heard about any investigation.
Is this lopsided and incompetence that rubbishes any so called investigation.
Even with all this noise,Rochas may eventually go Scots free after all because Magu is more interested in newspaper and headline trials than proper prosecution of criminals.

Please probe him well, let him also cough out stolen money, however we have many like him that just finished their tenure and should also be persecuted because he is not the only governor ABI na his recent action against the party brought this drama to him...

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It has been proven and established that anyone not in good standing with Apc will be probed of corruption. In order to be safe, just be in Apc
Osinbajo was buying votes in broad daylight with the tradermoni just prior election period, so Rocha's only did same thing his Ogas were doing.

This is why an Igbo man can Neva rule niaja,the one u thing is good is more bad than rest.

I really don't have pity for Okorocha. Spent my energy and time campaigning for this fraud so we could remove Ohakim. Turns out Ohakim was even a better choice. Just like many Nigerians spent their energies campaigning for the Dead one against the Jonathan only to find out it was a grave mistake.

We really have limited options in terms of reformist politicians in Nigeria. Reformists are rare anywhere though.

I really hope we can have our own Trump from somewhere. I just hope.

Ok

If he has sense,this is the time for him to open mouth and start talking! If not he'll go down alone and the early the better. Nonsense and yamayam

All these accusations happened in February and you guys are just raising alarm now. If it were to be an average Nigeria yahoo boy, you would have gone after him immediately after finding out... Rubbish

Okorohausa own done be . See how fast nemesis has finally caught up with him. I hope they block more of his accounts

Ihutomi:
This is why an Igbo man can Neva rule niaja,the one u thing is good is more bad than rest.

And okorocha is the only Igbo man you know?... while the APC and FG didn't see wrong with him, his people saw and rejected him years ago.

Peter Obi is a man of renowned integrity and so many other Igbos like him. Till today while he held sway as Governor in Anambra, Fidelity Bank MD, Chairman SEC, has he been indicted of stealing even N1 or even roped in a single allegation dealing with peoples money? But rather has returned profits declared in millions of dollars for the state.

If you have nothing reasonable to say, go back to bed.

Christonjnr:
A stubborn flies that fails to listen to advices,always follows the death to the grave.
OkoroAwusa fails to listen to his brothers,he decided to follows the wrong people,right now he has been killed politically,and waiting to be killed physically.
I pray Adam will has a change of heart..

Rochas undoing was trying to destroy his brothers while trying to please apc

now he's been hunted nobody in Igboland gives a flying fork
Infact we like it sef
lesson for those igbos in apc
ngige loading...

where's ngeneukwenu cilicmarin Clerverly
this man use to be his mentor

Why is an aboki the zonal head of SE EFCC?

Face your music alone. My concern is why same music is not played for other corrupt governors as well.

EFCC ABEG MEK UNA ENTA ABIA STATE GOV.HOUSE NOW

good...


Kudos to the EFCC on this one.

they should also look into other petitions against the likes of BRF, Tinubu, Amaechi, Fayemi, Oshio, Aregbe & others.

they should also ensure they get thier facts right on Saraki this time around, then speed up the cases of Fayose, Metuh & co.


the fight against corruption should be holistic & properly documented so as to build an institutional framework that is standard & without prejudice...

I PUT IT TO YOU THAT EFCC IS A TOOTHLESS BULLDOG, AM NOT IN ANYWAY SUPPORTING ROCHAS BUT NA ONLY ROCHAS THEM GIVE BAILOUT FUNDS, MAGU LESS YOU FORGET YOU CAN'T BE THERE FOREVER

Ihutomi:
This is why an Igbo man can Neva rule niaja,the one u thing is good is more bad than rest.

Ode!,be dreaming....your eye go son open Mr Nigeria.

Okorocha never chi chom chin

Christonjnr:
A stubborn flies that fails to listen to advices,always follows the death to the grave.
OkoroAwusa fails to listen to his brothers,he decided to follows the wrong people,right now he has been killed politically,and waiting to be killed physically.
I pray Adam will has a change of heart..

this is not about following brothers money meant for the labour was warehouse you did not reason that people suffered for this denied a bread winner a salary had a multiply effective on the IMO economy n naija has a whole