This was revealed by the acting chairman of the EFCC, Ibrahim Magu, during his appearance in a TV station
- The anti-graft commission has given more details on the Imo state governor’s probe
The Economic and Financial Crimes Commission (EFCC) has given more details into its probe of the Imo state government.
The anti-graft body says it froze N5billion funds belonging to the state government because Governor Rochas Okorocha was spending too much money during the 2019 general elections.
The EFCC further also revealed that the N8billion Paris Club loan refunded to the state for the payment of salaries was mismanaged by the governor.
This was revealed by EFCC’s zonal head for south-east region, Usman Imam, during a chat with journalists.
According to him, the commission’s their timely intervention saved the state over N5billion that would have been deployed in vote buying by the Okorocha’s administration during the polls.
The EFCC zonal head said about N8billion from the Paris Club Refund bailout meant for payment of workers’ salaries was kept by the government, only to begin spending it frivolously on the eve of the elections.
His words: “What we discovered was that within two days, N700m was withdrawn in cash; N200m on the first day and N500m on the second day and all these monies were disbursed in a manner that was honestly unpalatable.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 woke up on the eve of the election and withdrew N500million 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 million 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.”
He expressed optimism that the Imo governor-elect, Emeka Ihedioha, would put the funds to better use when he assumes office
He said: “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 utilise 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 N5billionn 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.