The Economic and Financial Crimes Commission has explained why it withheld N5 billion belonging to the Imo State Government a few days to the governorship and house of assembly elections.
“Honestly, what we discovered was that within two days, N700m was withdrawn in cash; N200m on the first day and N500m on the second day and all these monies were disbursed in a manner that was honestly unpalatable,” Imam said. The EFCC director said about N8bn from the Paris Club Refund bailout meant for payment of workers’ salaries was kept by the government, only to begin spending it frivolously just before the elections.“I don’t know, schools that you were not funding and you woke up on the eve of the election and withdrew N500m cash and start distributing N1000 each or so to teachers. Whatever that means, I don’t know,” Imam said.
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