The curious case of the N26 billion bailout fund and its mismanagement and diversion.

  
 Imo state governor Rochas Okorocha is reportedly involved in the alleged diversion of over N2 billion from the N26 billion bailout fund given to Imo by the federal government for the payment of civil servants salaries. 

After rounding up three senior aides to the governor who are believed to be connected to the diversion of the bailout funds by the EFCC, This Day says he may have absconded from the country. Dr Paschal Obi, a deputy director in the ministry of Health, in charge of optical services; director of finance, government house, Casmir Uzoho and the government house treasurer, Iheoma Kenneth are the key men who have been picked up by the EFCC. 

The governor, who had expressed regrets for accessing the bailout fund from the federal government was also said to have lamented the mess which he had put the state in. The N26 billion the state took from the federal government that was supposed to be used to pay the up till now agitating workers, Okorocha said, has put them in trouble as more money is being deducted from the state’s federal allocation than anticipated. 

The governor has since denied the report of his purported ‘jetting out’, stating that he was actually on a trip to Ibadan for the coronation of the coronation of the Olubadan of Ibadan.