Imo state governor, Rochas Okorocha, has shared that he would be leaving 42.5billion Naira in the state coffer for the incoming governor of the state, Emeka Ihedioha, when he hands over on May 29th.
Rochas who made this known during the swearing-in of new Permanent Secretaries for the state shared the details of the money as given below:
“Imo State Government have kept aside a total of N42.5bn for the incoming government, and for that reason, I will set up a sub-committee to make sure that the projects they are attached to, come to fruition even when I am out of office or when I will not be available because government is a continuum. “The breakdowns of these funds are as follows: N8.1bn that came into Imo State offers from both State and LG, from FAAC, that money has not been expended as not even one Naira has been taken away from it and the money is in Zenith Bank and has not been touched. The second money is N5.2bn in Access Bank, the remnant of the Paris Club fund, not one Naira has been removed from it. “The third fund is N7.6bn, money that came from UBEC. Imo State has paid a total of N3.8bn counterpart fund and UBEC has brought in their N3.8bn. That gave us N7.6bn. That money is intact and not one Naira has been removed from it. The fourth fund is the RAMP fund of $60m representing N21.6bn and is also in Imo State Government’s account. It is with First Bank. The money is also here in Imo State and no one Naira has been touched”.
“If you total N8.1b plus N5.2b, N7.6b, and N21.6b, you have a total of N42.6b which I will be handing over to Emeka Ihedioha-led government as from the 29th of May, 2019.
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