Okorocha vows to recover looted funds

The Governor of Imo State, Owelle Anayo Rochas Okorocha has vowed not to relent until he recovers all the money allegedly looted by the Chief Ikedi Ohakim-led administration.

Governor Okorocha who made this vow while receiving the report on Imo State Account reconciliation disclosed that N62. billion was the total amount of suspected fraud as identified in the in interim review of Imo state Accounts from June 2007-May, 2011 under the Chief Ikedi Ohakim administration.

According to Governor Okorocha who said that he is deeply hurt by the level of suspected fraud and corruption at that time, his administration will not cover any corrupt practices by anybody in the state but will focus on the provision of the dividends of democracy to the people.

He, therefore, said that he will make the report available to relevant authorities such as the EFCC, security agencies, judicial commissions and panel of inquiry set up by the state to enable them take necessary action to discourage future occurrence.

“I have no power to arrest Ohakim but I will make the report available to relevant authorities for them to take necessary action. No way will this government cover up corruption”.

Governor Okorocha who expressed dismay over the activities of the past administration stated that his government has under 18 months in office transformed the state with the same allocation and wondered why the past government in her four years did not have anything to show for it.

He called on the Central Bank of Nigeria (CBN) to assist the state in investigating the fraud while he appealed to Imo politicians who blackmail the state at the Federal level to desist from the act and engage in constructive criticism for the growth and development of the state.

He also commended the committee led by the Deputy Governor of the State, Sir Jude Agbaso for a work well done.

Earlier, the chairman of the committee, Sir Jude Agbaso who read the report noted that the report is the first part of the findings and that the second part will be published in the next report.

“We wish to present to you this report containing the first part of the findings of the Exco Committee on Account Reconciliation June 2007 – May, 2011.

It identified financial transactions where we observed irregularities from government officials, private companies and even banks and which funds are considered recoverable by the state.”

He noted that the report contains summary of income and expenditure, loans, bond precedes, outstanding overdrafts, suspicious contracts/payments, suspicious banking practices and money laundering.


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