Former governor of Imo State and a serving senator, Rochas Okorocha, was on Tuesday arrested by the Economic and Financial Crimes Commission (EFCC).
Okorocha’s arrest is connected to allegation of perpetrating slew of frauds while in the saddle of Imo State.
The EFCC, according to report, traced some stolen assets to Okorocha and his cronies.
It said Dews of Hope Hospital was traced to Dr. Paschal Obi, former Principal Secretary to ex-governor Okorocha; Market Square Super Market; All in One Shop; and premises belonging to Imo State Broadcasting Corporation now hosting Rochas Foundation College owned by Senator Okoroacha.
Other properties are East High Academy and East High College, owned by Okorocha’s daughter, Uloma Okorocha-Nwosu; Royal Spring Palm Hotel and Apartment, a 16 block cum 96 flats and eight bungalow multi-million Naira estate traced to Okorocha’s wife.
In 2019, the EFCC said the Commission returned over N5.7 billion to various administrations in Imo to pay salaries and pensions of workers.
On May 10, 2020, a committee set up to investigate the finances of the Imo state government under the Okorocha administration said it uncovered N112.8 billion dubious debts owed the state by nine commercial banks.
It said the money owed by the banks were claims from various infractions, including unexplained debits as well as penalties arising from such, in their dealings with the state government.