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Okorocha Denies Selling Government Parastatals

Governor Rochas Okorocha has denied selling off or privatizing any government property or any government owned parastatal since 2011 when he came to power.

The governor’s denial followed allegations in some quarters that the Adapalm and Imo Transport Companies which he concessioned were no longer productive and that the new owners had sacked close to 1000 staff of the companies.

His denial also came in the wake of fresh allegations in many quarters in the state that he has sold the Imo State Environmental Transformation Company, ENTRACO, to the member representing Ideato North State Constituency, Hon. Ikechukwu Amuka to the tune of N50 million.

Government House sources told The UNION that already, the new owners of the ENTRACO had evacuated all the commission’s equipment to New Owerri where they have their ofce while the task force arm of the ENTRACO recalled from their beats with a new set of personnel assigned to do the job and rake in financial returns.

But in a statement signed by the Chief Press Secretary to the governor, Sam Onwuemeodo, Okorocha said that he had never sold any of the government’s parastatals since assuming ofce in .

According to him, government’s property or parastatals could not be sold in the dark or without documents, and “we Challenge those behind these false claims to publish or make their facts public”.

The statement added that the government had, instead, repurchased some government’s factories sold by the previous administrations in the State from those who bought them including the Resin Paint Industry at Mbaise with the aim making them productive. ”

In the case of Adapalm and Imo Transport Corporation (ITC), what the government did was to grant some Companies Concessions to manage the two establishments and the action was taken in the best interest of the State and her people. And Concession does neither mean privatisation nor outright selling”. ”

Even at that, the government is at the moment reviewing the activities of the Companies granted the Concessions to manage Adapalm and ITC to see whether they could be allowed to continue to enjoy the Concession or not”, the statement concluded.


– Damian Duruiheoma, Owerri

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