The Economic and Financial Crimes Commission (EFCC) is investigating the Imo State Governor, Rochas Okorocha and has frozen N5 billion belonging to the state government, according to the chairman of the commission, Ibrahim Magu. Magu accused the governor of spending too much in a suspicious manner during the general elections.
Backstory: In an interview with Channels Television, Magu made the following allegations against the governor:
- Reckless spending, leading to a freeze of up to N5 billion
- Mismanagement of N8 billion from the Paris Club Refund bailout meant for payment of workers’ salaries
- The frozen N5 billion would have been deployed for vote-buying if the EFCC had not stepped in.
- N700 million was withdrawn in cash in the span of two days and distributed to school teachers on the eve of the election.
According to the agency’s Zonal Head for South-east, Usman Imam, a total of N7.9 billion had been blocked by the agency, however, about N2.5bn was later released for salaries.
Bottom Line: Okorocha had recently accused the National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, and other leaders of the party of instigating the EFCC to arrest and detain him. It appears the governor, who went against the party by fielding a different governorship candidate in the last general election, is going to have a stormy time once he leaves office next week.