Okorocha Indicted In Misappropriation Of N6Bn Oil Community Fund

Okorocha Indicted In Misappropriation Of N6Bn Oil Community Fund

The immediate past Governor of Imo State, Rochas Okorocha has been indicted in the alleged misappropriation of N6, 044, 774, 341. 37 allocated to the Imo State Oil Producing Area Development Commission (ISOPADEC) in a report released by a committee set up by Governor Emeka Ihedioha to investigate the activities of the commission.

Some of the allegations against Okorocha include arbitrarily releasing part of the fund for purchase of vehicles and transformers for political campaigns.

Speaking at the presentation of the report to Governor Ihedioha, the committee’s chairman Romanus Ezeogu said:

“The administration of Rochas Okorocha handled the funds of ISOPADEC within his eight years tenure from the pit of wickedness. The short-fall in revenue accrual from the Federation Account; uncounted for stood at N6, 044, 774, 341. 37.”

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Chike Okafor and Paschal Obi, the House of Representatives members representing Okigwe South and Ideato South federal constituencies were also accused of being involved in the misappropriation of ISOPADEC funds.

Receiving the report, Governor Ihedioha stated that his administration will work towards the due process, accountability and transparency.

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