Rochas Okorocha In Trouble, Accused Of Diverting N6bn ISOPADEC Funds - FOW 24 NEWS

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Rochas Okorocha In Trouble, Accused Of Diverting N6bn ISOPADEC Funds

A board set up to explore the funds of the Imo State Oil Producing Areas Development Commission has presented its reports to the state representative, Emeka Ihedioha, as indicated by a report by Punch.
 

The board headed by Romanus Ezeogu blamed the previous representative Rochas Okorocha for occupying over N6b that accumulated to the commission during his organization. 

Ezeogu stated, "The board discoveries on money and Monetary Bay exchanges in the commission demonstrated that ex-representative Okorocha had directed the records of the commission as slush finance as over N6,044,774,341.37 couldn't be represented. 

"The issue here asks for a clarification on what befell the first 40 percent month to month induction subsidize distributed to ISOPADEC. Senator Okorocha ought to be considered liable for the missing assets. The law setting up ISOPADEC gives its financing from the 13 percent determination from the league account." 

Ezeogu similarly asserted that Okorcha took N422m from the commission's treasury to buy pre-introduction vehicles from Rising and Shine Motors and furthermore redirected N200 million to buy transformers during the 2019 crusades. 

He stated, "We found that Dr. Pascal Obi, previous head secretary to the ex-senator, who is currently an individual from the House of Representatives got N35m from the commission's assets and we prescribe that he be gathered to clarify what he did with the cash. 

"We likewise prescribe that the commission be rebuilt to guarantee maintainable advancement in oil delivering territories of Imo State." 

The representative while responding to the report of the board stated, "Going ahead, it is significant we traverse what occurred previously on the off chance that we should reposition the Commission for an increasingly productive conveyance towards understanding its command." 

Be that as it may, Okorocha, when reached, said that the representative was on a feud crucial. 

His media associate, Sam Onwuemeodo, said his chief elevated the heaps of the oil-bearing networks in the state during his organization including building a "befitting" secretariat for ISOPADEC.
Rochas Okorocha In Trouble, Accused Of Diverting N6bn ISOPADEC Funds Reviewed by FOW 24 News on January 09, 2020 Rating: 5 A board set up to explore the funds of the Imo State Oil Producing Areas Development Commission has presented its reports to the state rep...

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