Fidelity bank banner NewsExpress advert
Obiano opens up, says Peter Obi never left N75b in Anambra coffers but only N9b and N185b debt

By Pamela Eboh Awka on 15/11/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,874


Governor Willie Obiano of  Anambra State Government yesterday faulted claims by his immediate past predecessor, Mr. Peter Obi, that he left behind a whopping N75 billion while leaving office on march 17, 2014.

Speaking at a press conference at the conference hall of the Agu-Awka seat of power, Governor Obiano, who was represented by the Secretary to the State Government, SSG Prof. Solo Chukwulobelu , said that only the total sum of N9 billion was left in physical cash while N185b was inherited as debt.

He observed that the N185 debt was the total sum of all projects inherited from his successor, who paid a total of N78.9 billion on inherited debts.

According to the SSG, the previous government paid a total sum of N35.1 billion on inherited projects between March 2014 and August 2015 while the Obiano administration paid a total amount of N11.7 billion within the same period.

He disclosed that as at March 17, 2014, the previous administration had achieved 42.6 percent completion of the total inherited projects while the present administration had as at July 31, 2015 achieved an additional 19.0 percent taking the completion rate to 61.6 percent on inherited projects from the past administration.

He noted that while the State’s internally-Generated Revenue is increasing, the total revenue from the Federation Account from March 2014 to August 2015 is N69.2 billion, adding that Obiano administration has spent 50.8 percent of its FAAC Revenue on settling payment certificates arising from inherited projects from the past administration.

On the claim that the former governor left the sum of N75 billion in the state coffers, Governor Obiano said: “There was no N75 billion found in the treasury of Anambra State and the liquidity assets were far below what is on record.”

While citing figures detailed in Obi’s handover note, the governor said: “Based on the figure taken from the Handover Notes from the previous administration to the current administration, it is evident that the actual and voluntary cash investments made by the previous administration amounts to approximately N35.6 billion, consisting of mobilisation paid on contracts for shopping malls and hotels, cost of two Business Parks in Onitsha, investments in Eurobonds, among others. Items such as counterpart funds held jointly with domestic  development finance institutions, land contributions, FGN refunds, differences in bank balances and investments made directly by the Federal Government on behalf of the three (3) tiers of government totaling approximatelyN39 billion have been reclassified as “liquid investments, ”FGN Receivables”, and “Involuntary Investments”.

He however said the press conference was called to set the records straight saying that a lot of half baked information has been widely celebrated in the social media and in some national Newspaper adding the present state government had been able to stand true to its responsibilities through self efforts.

•Photo shows Governor Obiano.

Source News Express

Posted 15/11/2015 03:49:36 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Reporter exposes Victor Umeh as controversy over death...

NiMET predicts hazy weather for today

US-based Nigerian doctor removes wrong ovary from woman...

Bayelsa inaugurates committee to identify communities, chieftaincy stools...

MASSACRE AT STAMFORD BRIDGE: Chelsea 6-0 Arsenal •Prem...

Kaduna Governor appoints new Commissioner, reshuffles cabinet

Cup holders Real Madrid shocked at home by...

Conduct due diligence on property before purchase —...

Rivers electoral violence shameful —Buhari

NGO advocates knowledge on mental health status, hails...

Marketing icon Ike Emeagwali of Lagos Business School...

$60 billion pledged to boost agriculture in Africa...

 

Latest News Nigerian Army, Ohanaeze and South East governors know the whereabouts of Nnamdi Kanu — IPOB Buhari rules out talks with aggrieved nPDP leaders Celebration time in Sambisa forest as Boko Haram members and families mark Eid-el-Fitr Convention: Disquiet in South-East APC over ‘unity list’ ISIS: FG orders extra security at airports Doctor dies, others slump over non-payment of salaries in Kogi hospital Trump threatens China again Dariye, Nyame: Imprison corrupt politicians like justice Banjoko, HEDA tells judges Israel says former minister charged for spying for Iran lived in Nigeria Pandemonium at Russian embassy in eastern Jerusalem Era of “promise and fail” is gone, Ikpeazu tells Abia traders Court dismisses MTN’s suit against Vodacom

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,865 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,022 views) Shameless Genevieve Nnaji exposes breasts in public (279,823 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,783 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,845 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,416 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,545 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,604 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,719 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,328 views) Lagos plane crash: Journalist releases victims’ names (143,645 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,499 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,247) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (606) Global Business Monitor (282) International (2,037) Interview (154) Live Commentary (28) Love Matters (123) News (36,302) Opinion (1,003) Pidgin (10) Politics (5,280) Religion (770) Sports (1,550) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement