News

OKOROCHA’S GOVT SHUNNED TSA, OPERATED 250 BANK ACCOUNTS — SAYS IHEDIOHA

…Imo lost N32bn through court judgments under Okorocha.

 
Okorocha-IhediohaGovernor Emeka Ihedioha of Imo State has said that his predecessor, Rochas Okorocha, operated 250 bank accounts as opposed to the Treasury Single Account being implemented by the Federal Government and many other states.

 
Ihedioha said of the 250 accounts, 150 were domiciled in Zenith Bank alone while the others were scattered across other financial institutions.

 

The governor said during Okorocha’s eight-year tenure, Imo State lost 150 cases in court which led to punitive damages amounting to N32bn.

 
Ihedioha said this while meeting with online reporters in Owerri, the Imo State capital, on Tuesday.

 

He said, “We set up a financial advisory committee led by Abraham Nwankwo, a reputable professional with a good record with DMO (Debt Management Office). Everybody knows he does not take bribes.

 
That is how we found out the state has over 250 bank accounts. I’m commencing TSA tomorrow to sanitise the state’s finances.

 

“When we implement TSA, people will begin to have some sense of confidence in what we do. You were asking about my priority, it is fundamental to restore confidence in governance.

 

The government also want to prioritise local government autonomy.”

 
The governor added that the Imo State Government under Okorocha was ordered by several courts to pay N32bn in damages to several individuals and companies thereby plunging the state deeper in debt.

 
By Dominic C. Odoh

 

Click to Follow DcoGlobalNews.com

DCO Global News Contacts: For information on Press Releases, News, Advertisements, Videos, Photos, Events happenings, Promotional Events and Adverts, Share your stories with us, Please Call or Send a Text to our Whatsapp number; +886963563485, +886970840314.

Or send an email to; chionikdom02@yahoo.com, emydom29@gmail.com

(Like and Follow our Facebook Page; DCO Global News)

(Follow us on Twitter; @Dcoglobalnews)

(Follow us on LinkedIn; Dco Global News)

(Follow us on Tumblr; Dcoglobalnews)

(Follow us on Google +; Dco Global News TV)

(Subscribe to our YouTube Channel; DCO Global News TV)
Subscribe to DCO Global News. Advertise with us. Send us enquiries, press releases.
DCO Global News Promotes the Values of Democracy, Human Rights, Values of Life and Freedom of Expression in a Region Where Genuine Media Freedom Remains Elusive and where many Media outlets remain Divided along Ethnic Lines.

Let’s 🚶 Walk   the 🚶  Walk 🚶   Together.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s