GOVERNOR Willie Obiano yesterday denied the claim by predecessor, Mr. Peter Obi that he left over N75 billion to his successor.

But Obi said the state government’s statement was full of inaccuracies.

Addressing reporters yesterday, the Secretary to the State Government, Prof Solo Chukwulobelu, described Obi’s claim as a hoax.

He said: “The N75 billion was not there; it was not handed over to anybody. At best it can be half truth”

Chukwulobelu said instead, the state government inherited a total contract sum of N185.1 billion as liability from the Obi administration.


He said the explanation had become pertinent because of the ground the rumour of the N75 billion was gaining, both in the social and traditional media.

Chukwulobelu said it took the state government this long to reply to the claim in other to put the rumour finally to rest, urging the public to discountenance the claim because it does not exist.

He said: “In the real sense, what the Obiano administration inherited from Obi was N9billion cash and N26billion near cash.

“Based on the figures detailed above, which are 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 N35.5billion consisting of mobilization paid on contracts for shopping malls and hotels, cost of two business parks in Onitsha, investments in Eurobonds, amongst a few 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 tiers of government totaling approximately N39.5bliilon have been reclassified as “illiquid investments, FGN receivables and involuntary investments.

“However, to provide a true and fair picture of the state’s net position on March 17, 2014, the investments handover notes ought to have captured current liabilities and contingent liabilities also borne by the previous administration as at the time of handover.

“To put this to context, the total portfolio of inherited projects valued at approximately N185 billion was however not captured in the breakdown of the handover notes.”

But in a swift reaction, Obi described the state government’s statement as untrue.

Speaking through his media aide, Mr. Valentine Obienyem, Obi said it was a deliberate attempt by the state government to misrepresent facts.

Obienyem insisted: “Obi left over N75 Billion in cash and investment. The breakdown is as follows: N27 billion in local currency investment; N26. 5 billion in foreign currency investment and N28.1 billion in Certified State/ MDS balances.

“Even in the final handover document, Obi deducted N10 billion approved Federal Government refund, as well as the salary, pension, gratuity, money on certificates raised on contracts for the month of March which all amounted to N5 billion before arriving at the balance of over 75 billion he bequeathed his successor.

“As a financial expert, Obi went to his end of tenure event with Gov. Willie Obiano and said all these in the presence of all the bank MDs in whose banks the monies are lodged. In fact, as at March 17th he handed over, he got all the certified statements of Anambra’s accounts from the banks this monies were and handed them over to his successor. If they were confused on where the monies were , why would they not call Obi who kept them to explain the whereabouts to them as much as he knew?”.

He said it was good that the state government did not deny the fact that before leaving office, Obi paid billions of naira for the completion of Agulu Lake Hotel, Onitsha Hotel, Awka and Nnewi shopping malls, and invested in SABMiller Breweries in Onitsha, value of which, he said, has tripled.

He added: “It is curious that the denial came at a time the state government had concluded arrangement to massively borrow money from banks and financial institutions”, adding that they did not need to paint Obi black to do so, especially when the man, since leaving office, has not for a day commented on what is happening in Anambra, even with the daily drench of blame coming his way as being responsible for whatever, right or wrong, that are happening in the state for making his successor a governor, single handedly.”



https://www.vanguardngr.com/2015/11/obiano-denies-obis-n75bn-handover/?fbclid=IwAR1J0Jest2eNo4bMJmayj4L8RjgAR11ZT23XXbcUM8ccKVhyBOt4q1HEV0k

Solsix:
Obiano is a liar. Obiano remains one of the political mistake of Peter Obi. May anything like obiano no happen to Anambra again. Nah why we dey pray make soludo succeed.

Faber:



I prefer him

100%

Let's try Labour party lies, APC lies don tire us

Afamed:


We dont want grand patron of liar. He has been tested and proven to be the grand commander of liar. He is too mischievous

Faber:


We need him let's try his own lies, APC own don tire US. I challenge Tinubu to step his feet in the US, and see him arrested,

Drug men no go smell Aso Rock

Afamed:


He was once tested and he failed as a Gov. He failed woefully.

Open the link below, you will what his kinsmen from Anambra said about him when he was a Gov

https://www.nairaland.com/870945/what-exactly-peter-obi-doing#10195342

Faber:


I am not opening your phishing link, make you hack my passwords etc

You want use me try cyber crime Tinubu taught you guys, I am smarter than you

Solsix:
Obiano is a liar. Obiano remains one of the political mistake of Peter Obi. May anything like obiano no happen to Anambra again. Nah why we dey pray make soludo succeed.

Faber:


We need him let's try his own lies, APC own don tire US. I challenge Tinubu to step his feet in the US, and see him arrested,

Drug men no go smell Aso Rock

Zonefree:
Watch how our sophisticated mod will rush and push this straight to FP. Na this kind thread dem dey like. Anything to spite Peter Obi dey give them orgasm.

They can only try but they will never succeed. Peter Obi will be President of Nigeria by next year and there's nothing anyone can do about it.

Afamed:


This is coming from Ochanja/ upper Iweka cart pusher with less than N309 IN HIS ACCOUNT BALANCE

tribalmall:
Obiano a mistake ..lol
You senseless lot just comment like lunatics.
Do you have any idea how many bridges mall airport Obiano built in Anambra ?
If Peter Obi spent 50 years he can never accomplished half of what Obiano accomplished. You de ment.

Solsix:

U are in Anambra u depends on e warriors for info, I can't engage you.

Zonefree:
Watch how our sophisticated mod will rush and push this straight to FP. Na this kind thread dem dey like. Anything to spite Peter Obi dey give them orgasm.

They can only try but they will never succeed. Peter Obi will be President of Nigeria by next year and there's nothing anyone can do about it.

Faber:


We need him let's try his own lies, APC own don tire US. I challenge Tinubu to step his feet in the US, and see him arrested,

Drug men no go smell Aso Rock