THE NATION


Obi’s dollar investment as Anambra Governor now worth N95bn – Otti

Obi’s dollar investment as Anambra Governor now worth N95bn – Otti
By The Nation on June 14, 2020

The former Managing Director of Diamond Bank, Dr. Alex Otti, has cleared the air of doubts in the minds of cynics who believe that the N75 billion savings the former Governor of Anambra State, Mr. Peter Obi, left for the State was a hoax.

Otti, in a statement, praised Obi for his financial prudence which enabled him to save up N75 billion in both local and foreign currencies for Anambra State as a governor before leaving office. According to him, the dollar component of the savings is now worth over N95 billion.

Otti explained that it was through a high level of managerial ability that Obi was able to achieve a great financial feat ‘in a state that was reputed to have been owing civil servants and pensioners’, by clearing off all debts inherited from his predecessor and still left behind a fortune for his successor.

Speaking on the Dollar component of the savings, he said: “Like yours truly had done in the past, one can attest to the fact that some $155million was invested in the tier two capital of three Nigerian banks with maturities of about 5 years at interest rates of up to 9% per annum to the credit of the State. As at the time the investments were made, the Naira equivalent of the funds was about N25b. If those funds were rolled over at maturity in 2019, they would be worth about N62b today. If interest is assumed to remain at 9% for the past 6 years, an additional N33.5b would have accrued to bring the present value of the investments to over N95b. This is one of the advantages of prudence and financial literacy”, Otti wrote.

That was in 2020 as of today its worth $100 Million plus

Nna nor dey rest with all this lies

Even Tinubu the Nation newspaper confirm Obi is the best man for the Job.

lathrowinger:
Nna nor dey rest with all this lies

My brother, this election will come and go. Suffering does not spare any tribe, region or religion..

Also success knows no tribe , region or religion. That your tribes man or person of same region/religion is the president is not a guarantee for a successful life. Its obeying the laws of success.

The president may come from ones village, tribe, region, same religion and the person will live, suffer and die unfulfilled/in poverty. Also leaving his/her children in sorrow and pains.


Meanwhile may God bless you, honour you and open your eyes to see.

Oilwell:


My brother, this election will come and go. Suffering does not spare any tribe, region or religion..

Also success knows no tribe , region or religion. That your tribes man or person of same region/religion is the president is not a guarantee for a successful life. Its obeying the laws of success.

The president may come from ones village, tribe, region, same religion and the person will live, suffer and die unfulfilled/in poverty. Also leaving his/her children in sorrow and pains.


Meanwhile may God bless you, honour you and open your eyes to see.

To see the real leing master

989900:


Show us the truth . . . BTW, the nation is Tinubu's newspaper.

Yet, oba road are not yet fix

Same lies that had been bursted on the front page. Una no dey rest.
Hin tu lie supporters.

Pakute:
Same lies that had been bursted on the front page. Una no dey rest.
Hin tu lie supporters.

Too much my brother

989900:


Actually, it is not same . . . you would know, if you could actually read.

Oh, is this a new lie?.. you have them in abundant supply.

lathrowinger:


Too much my brother

Damn too much