The Sun News

Imo owes N200bn, bankrupt -Guber aspirant

• Allegation frivolous -Government

George Onyejiuwa, Owerri

A governorship aspirant on the platform of the Action Democratic Party (ADP), Pascal Ikenna Ejiogu, has alleged that Governor Rochas Okorocha has been finding it difficult to pay salaries and pensions because Imo State is bankrupt.

Ejiogu, who stated this yesterday when he declared his ambition to run next year’s governorship race said the Okorocha administration is indebted to commercial banks to the tune of N200 billion.

He decried what he described as decadence in the state and accused the current administration of running the state aground.

Ejiogu, who is an industrial chemist and cyber security expert said: “Imo State now depends solely on the monthly federal allocation to survive.

“The  current administration has run Imo aground as the state has gone bankrupt; and that is why the governor is not able to pay salaries and pensions regularly, and whenever he decides to pay, he pays only 70 per cent.

“Today, the state’s indebtedness to commercial banks stands at N200 billion, and the governor of Central Bank of Nigeria has advised banks not to lend money to the state as it has exceeded the borrowing limit.

“So, today, the state is 0only surviving on monthly federal allocation,” Ejiogu said.

The governorship aspirant decried the high rate of youth unemployment in the state, which he blamed on the current administration’s alleged inability to  provide the enabling environment, which would have attracted investors both within and outside the state.

He said if elected as governor, he would tackle the problem by providing the enabling environment for investors, such as making land accessible to them.

“If elected governor, I will make sure willing investors are provided with lands to site their factories. Already, I’m discussing with General Electric on the issue of power because without regular power supply, there would be no industrial activity in the state, because, we have abundant gas in Ohaji, which we can utilise to provide electricity for the state.”

He promised that if elected, his administration would tap into the state’s agricultural and tourism potentials which he said the current administration has only paid lip service to.

When contacted for reaction, Governor Okorocha’s Chief Press Secretary, Mr. Sam Onwuemeodo, simply dismissed the allegation that the state is unable to pay regular salaries and pensions because it is bankrupt as frivolous.


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1 Comment

  1. Ebuka Amaechi 13th March 2018 at 10:17 am

    Wt the present public revealation of the Stargering debt profile of 200NB by Gov Rochas Okorocha Led APC Govt of Imo State by the ADP Guber Candidate, Mr Pascal Ik Ejiogu in the 2019 Imo State Governorship Election. No one should be in doubt any longer abt the desperation of the out going Gov to impose his inexperience Inlaw over the old,loyal & experienced members of the State Branch of APC. However, the Onus is presently on Ndi-Imo Electorat-es to choose btwn a Pupet who was chosen by the out going Gov to to cover his Stargering debt profile,disrespect to Church,the gd people of the State. The Governors inpunitive actions,Non-payment of State Staff Salaries & Pensionee-rs entitlements for many months Unguided utterances & non-commitment to walfare,Agitations & Aspirations of Ndi-Igbo as an IBO Leader in National Discuss!

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