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Fraud In ISOPADEC As MD Begs Board Members, Promises To Refund 250m

By Agenda Nigeria

As residents of Oil Producing Communities in Imo State groan under deep-rooted poverty and underdevelopment, massive fraud has been uncovered in the Imo State Oil Producing Areas Community-ISOPADEC, a Commission established to enhance development of Oil producing Communities in the State.

Last Tuesday, there was a melee in the Commission, the cause of which, despite frantic efforts to suppress the story, has since been discovered to be a three year reign of graft and embezzlement of Board Members' salary by the Commission's Managing Director, Dr. Henry Okafor.

Information emanating from the Office of the Honourable Commissioner for Finance, Imo State, Mr. Chike Okafor reveals that the sum of eight hundred thousand Naira (N800,000.00) had been approved and disbursed as monthly salary for each ISOPADEC Commissioner.

However, Dr. Henry Okafor, acting in consort with Ecobank Plc, Obinze branch, Owerri, had been short-changing and under-paying his fellow (ISOPADEC) Commissioners by between 400 and 500 thousand monthly, since 2011; depending on whether he paid them 300,000 or sometimes, 400,000 Naira.

Trouble first started when the Commissioners, acting on a tip-off from enlightened sources in Ecobank (who had become aggrieved by the Commission's decision to move a great proportion of the Commission's multi-million Naira account from Ecobank to a competitor bank), besieged Mr. Okafor's 4th Floor Office at ISOPADEC, Port Harcourt road, Owerri, to demand an explanation for the three year graft.

Impeccable sources told The Agenda that the Commissioners nearly came to blows with the MD, only to be calmed when Mr. Okafor offered to work out a refund plan.

It is unclear how the MD proposes to refund the monies (estimated to be in the region of N180m-250m) at the rate of N500,000.00 per month, over a period of three years; for 10- 15 Commissioners.

However, it is believed that Mr. Okafor has been helping himself to monies earmarked for developmental projects in the host (Oil) communities of Ohaji/Egbema and Oguta LGAs of the State.

The Agenda investigations at the Commission reveal an abysmally poor level of implementation of the Commission's over N3bn Annual Budget throughout the period under Mr. Henry Okafor, a situation that formed the theme of dispute between Charly Boy Oputa and the Imo State Government, which matter came to a head during a Requiem Mass held in Oguta in honour of the late icon of the judiciary, Chukwudifu Oputa (JSC).

Charly Boy was reported to have told the Governor to channel the N5m which the Government sought to donate towards Oputa's burial, to the electrification of Oguta Community and Local Government Area at large.

The Agenda gathered that Oguta LGA has been in darkness for at least thirty six (36) months running, despite claims by Mr. Okafor's ISOPADEC that it pays the electricity bills of the residents of the local (Oil communities).

At the Requiem Mass proper, events took a turn for the worse when Charly Boy, incensed by the disgraceful lack of development in the LGA, forcefully grabbed the microphone from the governor, Owelle Rochas Okorocha, forbidding him (the governor) from speaking at his father's (Justice Oputa's) burial.

The governor, embarrassed beyond belief, quickly scurried away and out of the venue: his entourage following. It is feared that these failings by ISOPADEC to develop the oil producing communities in line with the Charter which set it up, might have irreversibly damaged the Government's relationship with Oguta people, a relationship (or the lack thereof) whose fragility has remained the governor's biggest source of political worry since his fortuitous ascension to power.

Thoroughly ruffled by the foregoing, Henry Okafor, still nursing illusions of a shot at the House of Representatives in 2015 under the umbrella of APC, has begun a methodical assembly of a private army of thugs and miscreants, in readiness for any eventuality as electioneering draws nearer.

These thugs, numbering in dozens are said to have a temporary training base in the Commission's N500m new ultra-modern Corporate Headquarters, off PH road, in New Owerri.

The thugs, said to be drawn from a retinue of fugitives on the run from the Police and Law Enforcement officials for sundry crimes, including kidnapping, arson, robbery, strife and murder usually freely mingle with visitors and normal folks by day, during which they engage in menial jobs, and running errands; only to congregate at night for their abhorrent, nefarious pre-occupations involving trade in hard, illicit drugs and banned substances; whore-mongering, strong-arm intimidation and rehearsals in criminal insurrections.

More worrisome is the fact that Nigeria is presently besieged by anarchical terrorists, with a cache of unexploded bombs and IEDs discovered in a pentecostal church premises in World Bank neighbourhood, Owerri in June this year. It is feared that the shape of things to come is even right now emerging.

Last Monday,(July 7, 2014), the thugs allegedly burgled a locker in an office on the last floor of the Commission's headquarters and carted away a huge sum of money, which informed sources advise, might be as much as N380,000.00; a matter which is presently a subject of Police investigation.

When contacted by The Agenda for comments on the security breach at the Commission, some of the personnel of the private security outfit charged with securing ISOPADEC (Greenhorn) which Directors are said to enjoy a very good relationship with Mr. Okafor vowed that they will only pick up the mantle of security at the Commission when the thugs are disbanded.

Meanwhile, the thugs have sworn to stay put, pending when Mr. Okafor issues them fresh instructions; or pays them off: whichever comes first.

As this saga unfolds, the multi-million Naira ISOPADEC edifice continues to play its multiple roles: at once, a day-time office; at others: a makeshift brothel; and a militia training ground, depending on the mood of its unwelcome occupants.

All efforts to reach the Managing Director, Dr. Henry Okafor proved abortive, as calls put across to his mobile line were not answered, while SMS sent was ignored.

Reacting to the development, a member of the present ISOPADEC Board who spoke to The Agenda on the grounds of anonymity described it as unfortunate, regretting that the aim of establishing the Commission is defeated.

He however called for what he described as a total sanitization of the Commission, before it could be returned to track.

Your Comment

Cindy | 7/21/2014 11:53:00 PM
From the way this write up flows, it just shows how ignorant and vicious the writer is! Grappling at one baseless point after the other, without stating any facts! I got on the ISOPADEC website and discovered that the Security outfit it uses is Grey Hound, not Green Horn as this imbecile writer has stated!
Kelvin | 7/23/2014 1:48:00 PM
The Board Members currently serving in isopadec were appointed around September 2014 how come were they demanding for 3yrs arrears??? The account of alleged thugs is a height of falsehood. Some indigenes of ohaji/egbema & oguta who participated in the building of the edifice are awaiting employment as promised them the MD of the Commission. No amount of calumny directed on this young & vibrant & corrupt public officer will see the light of the day. ThankGod we already the people behind this malicious & poisonous blackmail aimed at deceiving & misleading innocent reading public
Kelvin | 7/23/2014 2:18:00 PM
The Board Members currently serving in isopadec were appointed around September 2013. How come they were demanding for 3yrs unpaid entitlements. This is obviously some cooked lies devoid of simple truth. No amount of character assassination will deter the youthful, dynamic & corruption-free MD of isopadec from continue carryout of his legitimate & assigned duties. Those who choose to pursue an innocent chicken will always have the fall while the little fowl will be at flight.
Charles | 7/23/2014 2:31:00 PM
This is entirely false. They ve tried severally to removed this man but they ve always failed. They will also fail again. Godbless Owelle. Godbless Prince Dr. Okafor. Imo is getting better!
Gee | 7/23/2014 2:42:00 PM
Fear has gribbed the enemy camp on the rumour of ur impending declaration to contest elective office come 2014 hence they ve resorted to malicious publication to drag ya downk.
Metuh | 7/23/2014 5:06:00 PM
Any board member of Isopadec fingered in the current abracadabra to remove one of best performing public office holders in imo state be sacked. When the formal board in 2013 did similar thing to Dr. Okafor, they were all removed! The youths of ohaji/egbema, oguta & oru west are solidly & strongly behind their man& will in due course embark on hunger strike to compel Dr. Okafor, the Prince of the Wonderland to declare for 2015 federal house election
Kingsley | 7/23/2014 5:16:00 PM
I align my self with all the opinions of the respondents. The writer of this cheap article has failed to score a political goal. Shame to you! The people of oil producing communities of ohaji/oguta & egbema have so much trust in this young man
TBoy | 7/23/2014 5:28:00 PM
Some of those calling for removal of Dr. Okafor as MD isopadec were same people who invaded Ossemoto sometime ago and caused so much destruction their. Today, okafor has rebuilt his community and has made ossemotor one of the fastest developing towns in Nigeria. These people want a reversal of this trend. In their last meeting after the burial of justice oputa, the vowed to leave no stone unturned in their effort to get rid of this man. When the media stunt fails to yield result, they could go the Mexican way. As we speak okafor' name is in the wack list for the hit. I advise him to watch his back
Nwaka | 7/24/2014 7:42:00 AM
The Truth Behind The False Flute The Managing Director & CEO of ISOPADEC, Prince Henry Okafor is no doubt a good man. His achievements since assumption of office speak for themselves. There has been a sustained & vicious campaign of calumnies directed on this young man. Many of his blackmailers are of the opinion that Dr. Okafor is too young to hold such esteemed office and therefore had lobbied His Excellency, Gov Owelle Rochas Okorocha to remove him and maybe appoint him to a much lower office. When this effort failed, they embarked on trading of unwholesome & malicious lies & falsehoods. To achieve this, many of the former board members were influenced to indulge in the mischief. When Governor Owelle Rochas Okorocha investigated all the allegations leveled against Prince Dr. Henry Okafor and found them to be mere lies, he was incensed and visibly angry. This resulted in the sacking & dissolution of ISOPADEC Board in September 2013. Subsequently, a new Board was appointed with Prince Dr. Henry Okafor retaining his position as Managing Director and rest of the Board(with exception of Hon. Osondu Chimaokwu) going home. Prince Dr. Okafor achievements continued to impress the Governor who did not waste time in appointing him the National Cordinator of Rochas Youth Rescue Movement. As the electioneering year approaches, there is enormous fear in the camp of opposition that Prince Dr. Henry Uzor Okafor is nursing an elective position. Dr. Okafor is a very powerful man and commands so much love and respect among his people. He remains a very formidable candidate in any elective position in the state. Therefore in attempts to break his resilience and doggedness , there is yet another round of vicious & malicious campaign directed to him. In one of such hugely paid advertorials, it was alleged that Prince Okafor had defrauded current board members a sum totally N250million over a period of three years and had begged them to spare him and give him some time to redeem his debts. What the originators of such frivolous but serious falsehoods failed to do is to conduct a proper research. How could board members appointed in September 2013 who are less than one year in office be agitating for entitlements of upto 3yrs??? Is this not ridiculous? The bible says that we shall know the truth and it shall set us free. Today, Imolites have known the truth and we are free! My late father used to say, ochu nwa okuko nwe ada, ma nwa okuko we nrinri oso. Those in pursuit of an innocent fowl will continue to fall, while the little bird will maintain its flight. Imo Must Be Better!!
perpetual ufondu | 7/24/2014 1:18:00 PM
Oh how has our politics gotten so dirty, must u pull an innocent man just to climb? The inconsistency in this article reveals the extent of desperation of the originators, however like my mother wil always say " The rain that drops on a dove is merely cleaning its body".
imo youth council | 7/24/2014 2:08:00 PM
the allegation of 250million against the youthful md of isopadec is a misfired attempt ito dislocate owelles strong youths we hv worked closely with henry okafor and as such cannot fathom de veracity of such spurious claim.infact dr okafor cannot soil his glitering reputation.their evil mechanisms hv been exposed and de masterminds of that frivolity should bury their head in shame.
Featus | 7/24/2014 2:28:00 PM
st*p*d piece of crab. Worthless to deserve my attention for a second reading
kalu | 7/24/2014 4:43:00 PM
The responses of respondents here suggest that this article is now dead
igiri | 7/24/2014 9:15:00 PM
What more can i say, the majority carries the vote
John | 7/24/2014 9:19:00 PM
The writters of this piece did not obviously from the beginning expect this level of beating for an informed reading public. Goodbless internet
EGEMBA JOHNKENNEDY | 7/24/2014 9:21:00 PM
I have known this man for years and his sterling qualities speak for him.This is a handiwork of mischieve makers.May God continue to give him wisdom as he pilots the affairs of ISOPADEC.
Christopher | 7/25/2014 10:17:00 PM
Pls you should live MD alone so that he can continue his good work.
OBASI HENRY | 7/28/2014 3:36:00 PM
Idle minds. those who pull others because they want to climb up will one day find themselves pulled down by other fellows. when one throws ashes in the face of a rising wind so will he also be smoothed with the dusts. PRINCE DR. HENRY OKAFOR IS A GOODMAN AND SO BE IT