Imo State Governor, Owelle Rochas Okorocha, has restated that his administration has neither sold nor privatised any government property or parastatal since 2011 when he came to Power, till date.
In statement issued yesterday in Owerri by Chief Press Secretary to the Governor, Sam Onwuemeodo, the governor stated that the “explanation has become necessary following the falsehood being spread at the moment in some quarters that the administration has sold or privatized some government owned outfits.”
He asserted, “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 government had, instead, re-purchased 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 of injecting life into them and making them productive.”
Okorocha maintained that in firms like 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 pointing out that concession neither means privatization nor outright selling.
He however added that the state 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.


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