₦airaland Forum

gwafaeziokwu:
Another angle. I agree, that is why we must press him for an explanation. But then how do you retrieve bank charges.

These politicians are possessed Eziokwu.

gwafaeziokwu:
Even Ifeanyi Uba did not accuse him of looting it yet. He forfeited the so called 8 billion to banks as defauting charges,because he didn't allow the federal government promissory note you mature.

The governor should be given a chance to defend this allegation before we cast our stones.

ABlAstate:
[s][/s]


Your Abia state is the worst and most backward state in Nigeria but you are never bothered but worried about a progressive Anambra. See the face of Abia but our Abia people are busy chasing shadows like Nnamdi kanu. Even the dustbin governor of Abia is confused as a governor because the entire Abia state is now dilapidated and filthy.

• Senator threatens legal action

The Federal Government’s N25b refund to Anambra State for its rehabilitation and reconstruction of federal roads has pitted Senator Ifeanyi Ubah (Anambra South) against Governor Willie Obiano.

Senator Ubah, at a news conference yesterday, gave Obiano 72 hours to address the people on why he discounted the promissory notes with about N8 billion ahead of their maturity dates.

Ubah threatened to sue the government if Obiano fails to heed his request.

The promissory notes were issued to Anambra State by the Debt Management Office (DMO) in December 2018 and April 2019 to the tune of N10.097 billion and N15.146 billion. They had maturity dates of December 28, 2020 and April 1, 2022.

Commissioner for Information and Public Enlightenment C-Don Adinuba, in a statement, denied that the state raised money from ‘the DMO or the Federal Ministry of Finance under a bond, or any financial instrument from any institution or organisation’.

But Ubah, who had documents to support his claims, insisted that the N25 billion was expected to be paid in two instalments.

He lamented that of the amount, only N16.1 billion was realised by the government after Obiano discounted the promissory notes at 15 and 13 per cent, through a commercial bank.

According to him, the state lost N8.85 billion after the promissory notes were acquired at discounted rates.

He said: “The governor paid banks over N8 billion to cash out the promissory notes before their maturity dates, thereby ensuring that Anambra lost the amount from the transactions.”

According to the documents obtained from the DMO by Ubah, the amount and tenor of the first promissory note was N10,097,722,436.90 and issued on December 28, 2018, with a maturity date of December 28, 2020.

The second promissory note of N15,146, 583, 655.00 was issued by the DMO on April 1, 2019, with a maturity date of April 1, 2022.

The letter from the DMO to Ubah reads: “…these were the only promissory notes issued to the Anambra State government which fully settled the outstanding claims of the state as approved by the Federal Executive Council and the National Assembly.”

Ubah also alleged that ‘in order for Governor Obiano to cash out on the N25 billion that hadn’t matured, he terminated the deal by giving up 15 and 13 per cent of the total sums per annum.

He added: “The governor paid about N3 billion in bank charges for N10 billion on the first promissory note and N4.5 billion on the second promissory note of N15 billion.”

The lawmaker, however, vowed to petition the House of Assembly and sue the governor should he fail to explain to the people why he threw away N8 billion in his rush to cash out the money before the maturity dates.

He also told the governor to explain what he did with the N16 billion he collected after making the state lose N8 billion as discounts, and why he allegedly lied about the funds.

shollyshine:
I am crazy for saying this. Destruction will visit me soon, I am an animal!!!!!!

shollyshine:
you must be crazy for saying this. So deaths is now the price to pay for a peaceful protests.... destruction will visit you soon animal!!!!!!

MLTR:
Without hoodlums/thugs or army with pointed guns would there have been anarchy ?

who sent those hoodlums, who sent soldiers ?

Let even assume anarchy was premediated by the protesters, would a sensible govt fuel it or avoid it, are there no better ways of handling the situation than sharing innocence blood. those dead so far carry in there bodies bullets from govt machineries, govt is the devil and people like you are devil's advocate. shebi you know say you & dem go rot in hell.

harsysky:
I am forever cursed. I repeat I am forever cursed. I am worst than the devil. Idon't have a place with the living.

Goodyness:
I am an AIRHEAD.

nairaman66:
My brain is full of cow dung!

nairaman66:
For me to support this anarchy, I am definitely a bastard!

Jostoman:
God punish me.

LostAddict1:
I and my likes are bastards

yungmill:
I am very stupid and no apologies about that! Did the protesters shoot first? Did the military have to use live rounds on citizens you are inherently foolish to label people miscreants, fool report if you wish the world doesnt need idiots like me

olalat:
it will not be better for my entire generation. I will not know peace henceforth. mark this down...

DDeliverer:
I am already cursed.

ePoster:
stfu! Since the end sars protesters took to the streets, they have been extremely organised. Why the riots all of a sudden? Drop your comment on the lekki massacre. Please, you saboteurs should stop hijacking our peaceful marches!

DDeliverer:
You are a condemned bastard. And you will suffer forever. You will cry for help and no one will hear you. Just mark it. You will bury your entire family in 1day. Evil will visit you, I curse you bastard...
Buhari will never ever go unpunished..

Pierced:
May all my family members including myself.....die painfully for justifying attacking unarmed protesters.)

easzypeaszy:
may God punish and destroy all ur generation and u too...if I kw ur address u wl HV bin dead by tomao...useless person