Aftermath Of Magistrate Verdict On Bailout Fund: Uche Nwosu Fights Dirty, Engages Supporters To Discredit Newspaper

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The former Chief of Staff and son-inlaw to ex-governor Rochas Okorocha, Mr. Uche Nwosu, appears to have taken his fight against Watchdog Newspaper to a different dimension. This time around, using the unorthodox method.

It has been revealed that having failed to imprison the publisher, Comrade Precious Nwadike through the court, he has resorted to engaging some youths, most of who are now allegedly on his pay role to discredit the fledging Newspaper which had in November 10, 2015 published a story on how a cook working for him allegedly eloped with huge sum of money, suspected to be bailout fund, from his house.The publication which alleged that Uche Nwosu’s cook stole from the Imo bailout fund of N26.8 billion led to almost four (4) years of litigation that was only recently dispensed with thus discharging Comrade Precious Nwadike.

A leaked photograph of Uche Nwosu with select Orlu youths,shortly after a meeting at his residence in Owerri,recently

It will be recalled that the Federal government had in 2015, shortly after the general election, released N614 billion as bailout fund to 35 States of the federation, out which Imo State received N26.8 billion. The said fund according to the Vice President, Yemi Osibanjo, was specifically approved for payment of workers salaries and pension, which had accumulated in several years of arrears, for which Okorocha appointed his son-inlaw, Uche Nwosu to manage.

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Nwosu is accused of fueling crisis in Orluzurumee Youth Assembly wherein Comrade Nwadike having been the pioneer President of the group, is the BOT chairman as provided for in their constitution.

When contacted, the Publisher of the Newspaper, Comrade Precious Nwadike stated that he is yet to receive any official report from his editor regarding the claim of Uche Nwosu’s boys. According to Nwadike, he has read a lot on social media and people have asked him to go to court but he is foot-dragging on the ground that Imolites who stood by him may misconstrue that to be melting out ill-treatment on some of the youths most of whom, he said have no means of livelihood.

The Watchdog Publisher however revealed that, Nwosu is using two failed Newspaper publishers to fight him. According to him, one of them is Mr Greg Nwadike, who had in the past floated Profile International Magazine and Abuja Exclusive but could not sustain the Newspapers. He also mentioned one Uba, who he said was only last year arrested by some journalists for defrauding them after he established Eco Newspaper but could not sustain it.

Nwadike recalled how he assisted the duo in the past but unfortunately, none of them could be able to keep their Newspapers afloat.

He said, “owning a Newspaper outfit in Nigeria requires financial discipline. No irresponsible man can own such capital intensive business. I have heard a lot of people claim that Orluzurumee Youth Assembly helped me to float a newspaper. That is ridiculous. The Newspaper is published by a limited liability company, in which I am the majority shareholder. Unfortunately, I have challenged those who lay claim to that to come with evidence of investment in the company. If I see #10,000 evidence of investment from any of them, I will resign as publisher and face my other businesses”, Nwadike thundered.

He wondered why anyone should think that Orluzurumee Youth Assembly which he founded and funded with some Orlu youths will sponsor a business outfit for him.

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