Metro Okorocha Reacts to ICPC Report on Diversion of Bailout Fund



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The Imo State Government yesterday reacted to the claim by the Independent Corrupt Practices and other Related Offences Commission (ICPC) that it misapplied the bailout funds collected from the Federal Government for the payment of workers’ salary arrears.

The government said the bailout fund was judiciously applied for the purpose it was meant.

ICPC has last week accused Imo, Benue and Enugu states of misapplying their bailout funds.


A statement by the Chief Press Secretary to Governor Rochas Okorocha, Mr. Sam Onwuemeodo, said: “The commission did not, however, disclose how it arrived at that conclusion but only stated that some transfers were made into certain accounts not related to salaries and emoluments including, ‘N2 billion paid into a Government Account; N2 billion paid into an Imo State Project Account and N2 billion transferred into a Microfinance Bank’.”

The statement added: “The ICPC was right that such funds were paid into the mentioned accounts and we had expected the commission to go further to tell the public what such funds paid into those accounts were used for. The commission became stingy with facts at that point".

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