“Imo Is Broke, We Can’t Pay Salaries” – Governor Rochas Okorocha

IMO State Governor, Rochas Okorocha, yesterday revealed that the state is insolvent , as its monthly wage bill has exceeded its month to month statutory allo­cation from the Federal Government. The representative said month to month overhauling of the bailout fund has further exacerbated the circumstance.

This was just as he repeated that there was no go­ing back on the state government’s choice to con­cession the administration of parastatals. Okorocha, who uncovered this when he spoke to newsmen at the Government House in Owerri said the monthly wage of the state had dependably been high­er than what the state gets from federal alloca­tions and internally generated revenue.