Fidelity bank banner Camano banner
Avoid indiscriminate issuance of bonds, Peter Obi advises states

By News Express on 24/09/2014

Views: 2,774


Former Governor of Anambra State, Mr. Peter Obi, has counselled against indiscriminate borrowing and issuance of bonds by states. He was speaking at a dinner organised by Planet Capitals for the Presidents of the Nigeria Bar Association (NBA), Barr. Augustine Alegeh (SAN); President, Chartered Institute of Stockbrokers, Mr. Albert Okumagba; and President Institute of Chartered Accountants of Nigeria, Mr. Chidi Ajaegbu at Oriental Hotel, Lagos .

Mr. Obi said that in his eight years as the governor of Anambra State, he did  not borrow a dime, but rather paid arrears of debt owned by others, including the over N35 billion his government spent on liquidating arrears of pension and gratuity owed to civil servants in the state since 1999. He explained that he was able to do it by reducing the cost of governance, which he said is too expensive in Nigeria.

Obi said he was not against borrowing but advised any government desirous to borrow or raise bonds to first convince itself that the money is to be used to finance projects that would pay back the money and not to finance the reckless lifestyles of some people in government.

He thanked Planet Capital for their services to the financial sector and encouraged them to continue to adhere to global best practices.

The highlight of the event was the presentation of awards to the three presidents for their steadfastness and contributions in deepening the progress of the country.

In their separate speeches, the honourees thanked Planet Capital for organising the event and pledged continued collaboration for the ultimate good of the country.

In his remarks, the Chief Executive Officer of Planet Capital, Mr. Chidi Agbapu, said the recognition was a way of thanking the three presidents for their efforts and a reminder of the need to work together for the progress of the country. Mr. Agbapu said the choice of Mr. Peter Obi as the Special Guest of Honour was due to his spectacular performance as Governor of Anambra State from 2006 to 2014 and his exemplary conduct in the corporate world.

•Photo shows Peter Obi.

Source News Express

Posted 24/09/2014 11:07:02 AM

 


 

CLASSIFIED ADS

 

You may also like...
Anambra, Enugu Senators play DUMB as Kogi claims...

Ganduje condemns murder of Igbo trader in Kano...

Benue community raises alarm over escalating violence, sends...

FG saves N120bn from ghost workers

Fashola begs for forgiveness, lists achievements

BREAKING NEWS: DSS drags Abaribe to Court (PLUS...

Appointment of VC: I’m ready for war with...

El-Rufai mourns children swept away by flood

A million pythons cannot dance away the Biafra...

Special Court Martial demotes Major General to Brigadier...

Dangote Group storms Enugu Trade Fair, offers pocket-friendly...

Hoodlums attack APC convoy in Abuja, 9 vehicles...

 

Latest News European Union writes Buhari on Nigeria’s democracy Adeleke’s Victory: Any hope for Atiku at Presidential Election Tribunal? Ogoni Ethnic Nationality declares Amaechi, Emma Deeyah, Victor Giadom, George Feyii, Greg Nwidam, Eric Nwibani, others, persona-non-grata Kano Guber War: APC slams PDP El-Rufai reveals what will happen to those who voted against him during Kaduna governorship election Boko Haram: I slept in tents to inspire my people to return — Emir The martyrs of Rivers polls 103 make First Class in Open University APC planning to arrest our leaders in Bauchi — PDP End of the road for ISIS terrorists Boko Haram: Chad fires Military Chief over death of 23 soldiers Group hails court order on arrest of top APC politicians in Bayelsa, insists no election in Brass, Nembe

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (461,361 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (410,649 views) Shameless Genevieve Nnaji exposes breasts in public (346,677 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (297,484 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (261,749 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (236,624 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (222,758 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (204,451 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (192,809 views) 10 cars more expensive than Jets (177,899 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (176,999 views) Lagos plane crash: Journalist releases victims’ names (175,880 views)

 

NLNG call for entries

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (81) Business & Economy (4,097) Business Verdict (60) Columnists (1,008) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (598) Features (725) Global Business Monitor (327) ICT Monitor (27) International (3,209) Interview (174) Live Commentary (28) Love Matters (153) Maggie's Blog (194) News (44,155) Opinion (1,206) Pidgin (17) Politics (10,327) Religion (962) Sports (1,927) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera