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Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano - Politics - Nairaland

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Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 8:56pm On Nov 14, 2015
Breaking News : Obi Left N9 Billion Not 75billion as Speculated -ANSG

…. Obiano inherited a total contract sum for all projects of N185.1Billion Obiano Anambra state government today, 14th November 2015, addressed the contentious issue of whether the immediate past administration of Mr. Peter Obi left N75 Billion in the coffers of the state government while leaving office 19 months ago saying that he left N9 Billion liquid cash and not the N75 Billion as been speculated. The former governor had claimed while leaving office after two terms that he kept N75Billion in government coffers for his successor, Chief Willie Obiano. The claim became controversial when some officials of the present administration led by Obiano tried to dispute it late last year in hushed voices.

At a media briefing inside the conference room of the government house in Awka, the Secretary to the State Government (SSG) Prof. Solo Chukwulobelu flanked by other members of the State Executive Council (SEC) said that the Obi administration as at March 2014 upon handover had approximately a cash balance of N9.0 Billion left in the coffers, while local and foreign investments, refunds and bank balances stood at N75.0 Billion. He said that there were equity investments made by the previous administration captured in its handover note which have potential to earn money but are not tradable, while there are yet other assets that are tradable and could be converted to cash but have not. He also said that there were expenses made on counterpart funding which the previous administration made in other to get money from donor agencies and that these monies didn’t yield anything. Moreover, he said that the Obiano administration was yet to assess the $155m foreign currency investment the state made in Eurobonds and other foreign denominated securities held with Access Bank, Fidelity Bank and Diamond Bank and that given the current decline in Nigeria capital markets, this portfolio of Eurobonds had a market value of approximately $132m (26.4B) reflective of prices dated September 21, 2015. “If Anambra State Government (ANSG) were to liquidate the portfolio, the state would incur a US $ loss of US $32m (14.8%) a Naira loss of N100M, respectively”, he said. The Obiano administration he said had appointed a reputable investment banking firm named Afrinvest West Africa Limited to optimally manage the investment portfolio. Prof. Chukwulobelu said the Obiano administration inherited a total contract sum for all projects totaling N185.1Billion from Peter Obi’s administration, paid #35.1 Billion on these inherited projects between March 2014 and August 2015, while the sum of N11.7Billion had been paid for projects initiated by him directly. He refuted insinuations that it was from the #75Billion left by Obi for his successor that he uses to pay salaries of workers without applying for bailout from Federal government. He said that the feat was rather fallout of prudent management of the state government’s Internally Generated Revenue (IGR) which rose from #500M from his assumption of office to #1.5Billion monthly as well as resources from the federation account.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 8:56pm On Nov 14, 2015
I wonder why it took him this long to address this matter. By the way,didn't Peter Obi made it clear the 75 billion wasn't in liquid cash.

6 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by LORDDICE(m): 8:58pm On Nov 14, 2015
BABANGBALI:
Dear Biafrans I support your struggle 100% but my problem is your
approach. I would want to suggest the following procedures and I can
assure you they will work out successfully. If you can unite and follow
the following steps then I can tell, welcome to the Republic of Biafra in
advance.
Quote
STEP 1: Withdraw all your services from Nigeria as you are the
backbone of the country.
STEP 2: Withdraw your kins men who are public office holders e.g. Ike
Ekweremadu, deputy senate president, Peter Obi the D.G of S.E.C
STEP 3: Reject all the ministerial nomination from the so called
Nigeria.
STEP 4: Endeavour to reject Federal Allocation. You are very
industrious people, you will be better off without it.
STEP 5: Stop all forms of importation through the Nigerian sea port so
that Nigeria will crumble without your Tax.
STEP 6: Recall all your sons and daughters from all parts of Nigeria
to relocate home until this fight is over then Nigeria can beg them to
come back as expatriate.
STEP 7: Lock up all your shops in Idumota, Alaba international, Kano
main market and every other market even in remote villages across
the country.
STEP 8: Go beyond closing of the Niger bridge, stop all Nigerians
from buying or selling in Onitsha Main market or Ariaria market in
Aba.
STEP 9: Make sure you make your Visa very hard for Nigerians.
STEP 10: This fight can be achieved without Violence just like south
Sudan.
Finally, make sure you don’t fight it with weapons. Igbo kwenu!!! hey!.
What do you think of these suggestions; good for the cause of Biafra or
not?
Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by teeboila(m): 8:59pm On Nov 14, 2015
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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by Abagworo(m): 9:10pm On Nov 14, 2015
I like Peter Obi's approach to financial management. He fought a lot of battles for refusing to carry more loads than Anambra's financial status.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by sandraokosun1: 9:16pm On Nov 14, 2015
I never knew government thieves exist in biafrag land, i thought the clows claim its nigeria that corrupted its leaders, like ochendu, and orji kalu

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 9:27pm On Nov 14, 2015
sandraokosun1:
I never knew government thieves exist in biafrag land, i thought the clows claim its nigeria that corrupted its leaders, like ochendu, and orji kalu

I don't even know what you are talking about.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 9:32pm On Nov 14, 2015
Abagworo:
I like Peter Obi's approach to financial management. He fought a lot of battles for refusing to carry more loads than Anambra's financial status.

It not necessarily about carrying loads beyond the government's strength because he himself said there is nothing wrong with borrowing, rather it's about addressing the primary challenges. You don't jump in and start borrowing....You have to arrange your government and declare your goals and know where to start and it's necessary to borrow.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by wheredemdey: 9:37pm On Nov 14, 2015
God bless...keep...guide and guard peter obi...okwute ndi Igbo...the father of the new Anambra state....our rock and the man that put Anambra on the world map.....May God Almighty bless you.


Let the center hair parting ungrateful obiano keep foaming in the mouth.....i may not be sure of life...but one thing I am so so sure of is that Obiano will never win the 2018 gubernatorial election....i can bet my life and manhood on it.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by murano2: 11:22pm On Nov 14, 2015
wheredemdey or whatever u call urself, u hve got it all wrong.

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by wheredemdey: 11:34pm On Nov 14, 2015
murano2:
wheredemdey or whatever u call urself, u hve got it all wrong.

First of all...whenever you want to get into a debate with me....kindly chose ur choice of words....i am not the kind of guy you denigrate and expect me to reply you....i respond to civil people not nitwits that think because NL is a faceless forum and spew thrash.

Secondly I know what I am talking abt...peter obi is the father of modern anambra...come out clean lemme school you...reply with s11lly words and be assured I will give you the silent treatment suited for your like.
Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by SpaceTour: 6:59am On Nov 15, 2015
[s]
Abagworo:
I like Peter Obi's approach to financial management. He fought a lot of battles for refusing to carry more loads than Anambra's financial status.
[/s]
Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by adconline(m): 7:33am On Nov 15, 2015
Stupid peeps... So they expected Obi to leave behind N75bn cash?? Bonds, gold, valuable assets are monetized assets as well??

3 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by Nobody: 7:35am On Nov 15, 2015
At least he left something...come to the west, south south, abia, imo, what you will see is high debt profile left by their predecessors and the high debt profile they will leave in government coffers when they leave office...

Anambra the only south eastern state that can stand on its own... they have been lucky to have progressives as governors

5 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 7:47am On Nov 15, 2015
Again I have been vindicated. Peter obi is a thief. He must provide the balance of the money wherever he claimed he left. I just blame obiano for taking this long to denounce this peter obi's claim allowing him to take credit for his stellar performance.

Lalasticlala FP

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 7:50am On Nov 15, 2015
tobimillar:
At least he left something...come to the west, south south, abia, imo, what you will see is high debt profile left by their predecessors and the high debt profile they will leave in government coffers when they leave office...

Anambra the only south eastern state that can stand on its own... they have been lucky to have progressives as governors
what a lie, Enugu is far more healthy financially than Anambra. In fact according to available data, Enugu is more than 2x financially healthy than Anambra. Even Ebonyi is not doing badly. Peter obi is just all noise and nothing else

3 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 7:52am On Nov 15, 2015
wheredemdey:


First of all...whenever you want to get into a debate with me....kindly chose ur choice of words....i am not the kind of guy you denigrate and expect me to reply you....i respond to civil people not nitwits that think because NL is a faceless forum and spew thrash.

Secondly I know what I am talking abt...peter obi is the father of modern anambra...come out clean lemme school you...reply with s11lly words and be assured I will give you the silent treatment suited for your like.
Peter obi is the father of your pockets not Anambra where I belong. Come 2019, you peter obi sycophants will be put to shame. rubbish

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Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by Dosinspector(m): 8:08am On Nov 15, 2015
Obiano after spending billions in APGA election u come here to tell us shit,why did it take you this long so start talking,b/c u have over spent and now scared and u re looking 4 what u will hang ur hands On, why complain on peter obi's saving? Make efforts and make ur own savings u re now the governor,since u came on board only 2flyovers is what u have been executing over 20months come 2018 we will kick u out,drunkard.

3 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by osymerga(m): 8:15am On Nov 15, 2015
Freeglove,did Peter Obi said he left 75b naira as liquid cash ?

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by patrick89(m): 8:18am On Nov 15, 2015
obiano is endangering his political carrier! the money left by obi was never all in raw cash.. this man should get to work!

3 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by patrick89(m): 8:19am On Nov 15, 2015
here

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by patrick89(m): 8:21am On Nov 15, 2015
obiano mmiri ezochana gbacha! this is time to work! we don't need media propaganda in anambra state! anyi achoro akuko oooh

2 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by patrick89(m): 8:25am On Nov 15, 2015
FreeGlobe:

what a lie, Enugu is far more healthy financially than Anambra. In fact according to available data, Enugu is more than 2x financially healthy than Anambra. Even Ebonyi is not doing badly. Peter obi is just all noise and nothing else
you have not made any point! are trying to shield these corrupt fellas?

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 8:27am On Nov 15, 2015
patrick89:
you have not made any point! are trying to shield these corrupt fellas?
I dont understand what you mean?

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 8:29am On Nov 15, 2015
patrick89:
[s]obiano mmiri ezochana gbacha! this is time to work! we don't need media propaganda in anambra state! anyi achoro akuko oooh[/s]
obiano is already working, thats why anambra is stable

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by FreeGlobe(f): 8:31am On Nov 15, 2015
osymerga:
Freeglove,did Peter Obi said he left 75b naira as liquid cash ?
The debt he even left behind is bigger than the 75 billion whatever he claims he left behind

2 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by patrick89(m): 8:37am On Nov 15, 2015
FreeGlobe:

obiano is already working, thats why anambra is stable
hei don't even start! I'm on ground don't tell me what I know! we are not condemning him but constructively criticising him to do more! stop shielding politicians if you're not paid to do so!

1 Like

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by kingofdemons: 8:38am On Nov 15, 2015
Obiano is in deep shit

can't wait to kick this vagabond out of my state

this time Peter obi won't save him


if only ngige is an apga man angry

labour party should just warm up and trow this man out
useless man

2 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by LilSmith55(m): 8:41am On Nov 15, 2015
W
Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 8:47am On Nov 15, 2015
FreeGlobe:
Again I have been vindicated. Peter obi is a thief. He must provide the balance of the money wherever he claimed he left. I just blame obiano for taking this long to denounce this peter obi's claim allowing him to take credit for his stellar performance.

Lalasticlala FP

Why are you so sstupid?
The misunderstanding here is that the funds aren't in liquid cash,period.
ANSG stated the only cash in liquid was 9billion. This report wasn't denying anything,rather to clarify the situation. This is not so hard to understand.

2 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 8:51am On Nov 15, 2015
kingofdemons:
Obiano is in deep shit

can't wait to kick this vagabond out of my state

this time Peter obi won't save him


if only ngige is an apga man angry

labour party should just warm up and trow this man out
useless man

Stop complicating a simple matter. The governor has stated there are funds but not available to spend. Obi on a channels tv interview stated the funds were mostly invested in eurobonds.

2 Likes

Re: Peter Obi Left 9 Billion In Liquid Cash Not 75 Billion....obiano by OdenigboAroli(m): 8:56am On Nov 15, 2015
patrick89:
hei don't even start! I'm on ground don't tell me what I know! we are not condemning him but constructively criticising him to do more! stop shielding politicians if you're not paid to do so!

Don't take the bait...Freemumu is a known Peter Obi hater.
To make it easier for you,the ofeke was staunchly against Obiano's candidacy and was until the animosity between Obi and Obiano break out and he suddenly became Obiano's biggest fan.

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