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HOW GOVERNOR ROCHAS OKOROCHA LOOTED 16 BILLION NAIRA IMO 13 PERCENT OIL DERIVATION FUNDS IN 3 YEARS

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Some months ago, I made a telling revelation that the sum of 1 billion naira belonging to pensioners in the 27 LGA of Imo State was “squandered” by Sir Jude Ejiogu the current Chief of Staff to the Governor of Imo State. Ejiogu squandered this money when he was the Chairman of Imo State Local …Government Service Commission. I lamented the “squandering of the significant sum of 1 billion naira and another 3 billion naira looted by the Speaker of the Imo State House of Assembly Mr Benjamin Uwajumogu. I cried out because most Imolites but especially the poor, continue to suffer the effect of failing public health and education system as well as decrepit infrastructure and battered institutions. I highlighted what I see as the dawn of naked impunity in Imo State.

 

Uwajumogu, Ejiogu and their megaphones have called me all sorts of names. I have been threatened, i have been harassed and i have been closely monitored. They want to shut me up by all means. But as a citizen of Imo State, I am not intimidated. I will continue to speak out. One of the fundamental elements of democracy is the right to free speech without having others trample on your opinion. The capitalist thieving vampires currently in power in Imo state are looting our monies and yet they want us to shut up. They also want us to vote them again in 2015 for another round of impunity.

 

I am not accusing these men falsely as they are claiming. I speak the truth about their fraudulent activities with anger. You will recall that in May, 2011, Owelle Rochas Okorocha took power from Ikedi Ohakim as Governor of Imo State. There was high hope by the masses that Okorocha’s rule will bring an end to mass poverty, worsening living conditions, mass unemployment, suppression of democratic rights, massive corruption, and insecurity of lives and property. But more than 3 years after, the high expectations of Imolites for real positive change in their lives have been shattered. Not only has there been no substantial improvement in the lives of the Imo working masses, in some respect the situation has become worse. Thousands of Ndi-Imo still live without access to good food, housing, good roads, water, electricity and healthcare while Okorocha and his men are looting our monies.

 

The anti-poor policies of sales of Imo public assets, commercialization of health, housing and other social services, and sack of workers in Imo State have made more and more Imolites poorer and the rich minority richer. Corruption among the elite has not only remained, it has become more sophisticated.
Imo State has become one of the most unequal societies in the world, with the richest 20% of Imolites getting 55.7% of the state’s total income while the poorest 20% are left to struggle for just 4.4%. Currently Imo faces gargantuan problems in all areas of socio-economic and political endeavours. The State has further nosedived under the Owelle Rochas Okorocha’s government, lower than any other time since 1999. In every area you look at the only conclusion you will come to is that the Okorocha’s government has failed Imo people resoundingly.

 

Mind you, when i say Okorocha has failed Imo , it is not an isolated opinion. Indeed this is the opinion of the mass majority of Imolites. According to a FAMOUS NAIJA opinion poll conducted in August 2013 , 81% of Nigerians assessed Okorocha’s performance in Imo as very bad; but only 19% assessed his performance as very well and fairly well. In March 2014 another FAMOUS NAIJA opinion poll was conducted and 85% of Nigerians think the present Owelle Rocha’s government has performed very badly in improving the living standard of the poor while only 15% think he is doing very well in improving the living standard of the poor.

 

The most serious aspect of Imo’s problems is the poor and hopeless condition of the youths. Today unemployment has become a permanent feature of the life of Imo youth. Governor Okorocha has failed to offer Imo youths a real future. He sacked 10,000 Imolites from the civil service in year 2011.The 10,000 sacked youths are suffering today.

 

I cannot keep quite and watch Okorocha and his men loot Imo dry.Last week, I was in Bonny Island in Rivers State of Nigeria . I arrived the Island in the morning by boat and was amazed to see that the Island has electricity as the eyes could see . I turned to Mrs Hart who came to welcome me and I inquired about the reliability of electricity in the Island. “It’s steady,” She said. “How often do you see power outages?” I asked. She said “we have light here 247.If they take it,it comes back in 15 minutes time. In fact, I can’t remember the last time we witness power outage here in Bonny. It is pay as you go. You recharge your card and your light is on” I could hardly mask my bewilderment and sense of humiliation!I felt humiliated because I am from an oil producing kingdom like Bonny called Egbema in Imo State. By contrast, the people of Egbema’s narrative in terms of electricity is awful .

 

Power supply is non-existent in the 13 Egbema towns. Since Governor Rochas Okorocha came into power in 2011, the people of Egbema have not seen electricity. Yet on monthly basis 13 percent oil derivation fund is paid to Imo State for the development of the oil producing areas in Imo. Out of this 13 percent oil derivation found 40 percent is meant for ISOPADEC, the commission set up to develop Imo oil areas. Where are the monies? From may 2011 to December 2013 Imo state received N16,613,768,782.98 (sixteen billion, six hundred and thirteen million seven hundred and sixty eight thousand seven hundred and eighty naira ninety eight kobo) as 13 percent oil derivation funds for development of the oil communities in Imo State. Find below the monthly breakdown.

 

May 2011 N278,919,682.00
June 2011
N491,415,545.00
July 2011
N607,508,024.40
August 2011
N691479700.1
September 2011
N650318411.4
October 2011
N742,626,299.53
November 2011
N506556992.7
December 2011
N513122495.7
January 2012
N624755732.8
February 2012
N430283610
March 2012
N495,802,869
April 2012
N530,948,180.82
May 2012
N414,451,615.90
June 2012
N557,851,267.36
July 2012
N441286601.6
August 2012
N563593288.1
September 2012
N436,366,936.76
October 2012
N507,915,584.96
November 2012
N453147887.2
December 2012
N433,746,138.22
January 2013
N548,284,488.83
Febuary 2013
N433,812,735.87
March 2013
N548908424.6
April 2013
N702685396.7
May 2013
N536243879.4
June 2013
N533,171,999.86
July 2013
N465,435,601.16
August 2013
N464,118,297.86
September 2013
N596,526,274.32
October 2013
N702681346.1
November 2013
N439,814,732.12
December 2013
N548,908,424.70

Where are the monies? The monies have developed wings. It is so sad to note that leaders from Ohaji/Egbema/Oguta where Imo oil money comes from are not speaking about the comatose ISOPADEC. Schools, water, road and hospital rehabilitation in Ohaji/Egbema/Oguta which form part of the duties of ISOPADEC remain in their same dilapiladated state and the political class from the oil area are not speaking about the development. Next week I will give you figures of LGA funds looted in Imo state.
Do we allow just one person in the capacity of governor Rochas Okorocha to continue to make our mothers and grandparents suffer helplessly in the villages? Do we continue to allow the governor of Imo State to deprive local governments of the funds needed to build schools, roads, motor parks, markets etc.? Do we continue to herald him with the title “His Excellency” when he has made us beggars and impoverished us in a perpetual state of squalor?

 

Do we continue to clap for Owelle Rochas Okorocha at the commissioning of petty projects, which is far below the commensurate allocation given to him? Let’s ask questions now ,otherwise we shall continue to cry aloof with no one to beckon on us. We shall bear the pains of our parents been rejected in the hospitals for our inability to pay their medical bills, our siblings shall continue to be denied admission because of free education on paper while schools are denied developmental funds. We shall be tempted to become kidnappers and arm robbers at our own peril. Let us stop placing ourselves in subservient position, thereby helping an uncaring governor to achieve his deadly political ambitions at the expense of the state. Wisdom is profitable, how long shall we continue to be fooled?

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More Troubles For Dangote Cement As Kogi Govt Demands 10 Per Cent Share, Orders Immediate Seal Off

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However, Dangote Cement is facing allegations of sharp practice from Kogi State government, Kogi Assembly as well as Akwa Ibom State.Already, the Kogi State House of Assembly has ordered stoppage to the activities of the company in two Local Governments in the State while investigations continue.

To make the claim possible, Kogi State House of Assembly ordered the management of Dangote Cement company to provide all necessary documents that have to do with the transfer of Obajana Cement Company owned by Kogi state government to Dangote Cement Company.

The House also directed that the documents signed at the establishment of the Company and relevant receipts of dues it claimed to have paid to Kogi State Government available at the next adjourned sitting date.

The speaker of Kogi State House of Assembly, Matthew Kolawole, gave the order after interim reports of the ongoing investigative hearing on Internally Generated Revenue (IGR) which was submitted by the ad hoc committee led by Hon. Isah Tenimu Umar, Member Representing Lokoja I Constituency and deliberated upon at the plenary on Wednesday.

Kolawole said this has become important in view of the claims and counterclaims between the Chairman of Kogi State Internally Generated Revenue Service (KGIRS) and representatives of Dangote Cement as the acting chairman of KGIRS, Salisu Enehe had earlier accused Dangote Cement Plc Obajana of forging its tax receipt during the investigative hearing by the State House of Assembly.

According to the State Revenue Boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.

He added that despite the billions of Naira that company is making from the state monthly, it has failed to pay taxes that are due to the state and Lokoja Local Government Area.

Nigerians Getting ₦1,593,247 Per Week From ₦99,000 Investment in Amazon
Nigerians Getting ₦1,593,247 Per Week From ₦99,000.

In another development, Following the unrestrained environmental degradation in Ankpa and Olamaboro local government areas, Kogi state House of Assembly on Wednesday, directed the Commissioner of Police and Commandant of the Nigeria Security and Civil Defence (NSCDC) to seal off operations of Dangote Plc in the affected areas of the State.

The House gave the order during a public hearing on activities of Dangote Group in the state, especially on the the massive exploitation , environmental degradation and non compensation to the affected owners of the land and without revenue accruing to the state government.

The Speaker, Kogi state House of Assembly, Mathew Kolawole, charged the NSCDC commandant to ensure immediate implementation pending when the ad hoc committee on revenue clarifies some grey areas. Kolawole, who lamented the environmental degradation caused by mining activities on Kogi by the Dangote group and its subsidiaries, accused the multi national business concern of making billions in the state but yet fails to give back to it.

Akwa Ibom is also finding it difficult to collect its entitlement from the Dangote Group. According to reports from the place, the Itu Local Government blocked Dangote premises with their trucks because the company has refused to pay tax for more than two years despite pleas and series of warnings.

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.

 

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