The Federal government of Nigeria through the Central Bank is deducting from the source over N12 billion bailout fund collected by Okorocha’s administration without deploying it for any tangible infrastructural benefit to Ndi-Imo.
Zenith Bank is withdrawing from source (CBN/Imo Federal Allocation) money collected by Rochas Okorocha administration using the 27 Imo LGAs account as collateral.
In 2019, the PDP-led administration of Hon. Emeka Ihedioha inherited over N20 billion judgment debt from the Rochas Okorocha administration. The debt was passed to Senator Hope Uzodinma administration.
The pressure and embarrassment the current administration was facing is as a result of the creditors drive to enforce judgements, orders and garnishee proceedings. These, Ihedioha cried out, would hamper the smooth running of his administration. The petroleum marketers strike in Imo today is one of such instances, many of such are on the way.
On 8th day of July 2019, in an interview with Daily Independent, Hon. Emeka Ihedioha cried out that every aspect of governance has been affected and made difficult by the over 150 garnishee orders amounting to N20b against the state government, as inherited from the Rochas Okorocha administration. In that interview, Special Adviser to then Governor Emeka Ihedioha, stated the fact that most government accounts were under lien.
Imo with a cumulative federal allocation hovering around N4.5 billion monthly is battling with Civil servants and pensioners monthly wage bill of about N 2-3 billion monthly.
Imo infrastructures in the areas of road, Healthcare, education and public utilities are in dare need of rescue. The the situation requires a thinking government. Yes, no blame game will be condoned but facts must be stated moving forward.
To fix the Imo dilapidated critical road infrastructure, the government needs to think out of the box, with focus and determination like Uzodinma is focusing on and rightly too. When he goes off track, we call him to order.
This is not time to play stupid politics, this is time to be rational and patriotic in thinking.
We all must dig deep, understand the Imo challenge and come to an agreeable points in resolving it.
Let all stakeholders join hands in building an Imo we should be proud to call our own.
Before the social media children of iberiberism will call for my head, let them confront the issue on discourse with superior facts.
My name is IfeanyiCy Njoku