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Okealaaye:
I Inherited N127bn Debt From Obi
- Governor Obiano

18th October 2017

By Obiora Aghadinuno

The governor of Anambra State, Chief Willie Obiano has revealed that contrary to the sanctimonious posturing of his predecessor, former Governor Peter Obi, the state was saddled with a huge domestic debt of N127 billion when heleft office in March 2014.
Speaking in the Governor’s Lodge, Amawbia, Governor Obiano explained that his silence over the debt his predecessor sought to tie his hands with had been mainly because he did not want to allow his regime to be distracted at inception. He explained that he wanted to concentrate on the delivering his promise of good governance to Ndi Anambra.
According to him, the N127 billion debt came mostly from the 101 road contracts that the former governor hurriedly awarded at the dying minutes of his regime without making any provision whatsoever for them in order to create probles for his administration from the very first day.
Obiano listed other disingenuous designs by his predecessor to make sure that his regime never really took off. He mentioned the last minute employment of 6000 workers without provision for their welfare as well as the various hotels and independent power projects which he had no plans to complete.
He however revealed that he has quietly completed 51 out of the 101 roads and assured Ndi Anambra that the remaining 50 would soon be completed.
Obiano’s revelation came on the heels of the growing inconsistencies in the figures being thrown up by Obi which have left many discerning observers wondering just how much the former governor actually left behind.
They point at Obi’s sudden volte-face from his earlier declaration that he handed N75 billion cash to his successor and his declaration at the flag off of the PDP campaign in Onitsha yesterday that the actual amount he handed over was N48,626 billion.
While delivering an address that has been mostly cdismissed by political analysts as suicidal, Obi was caught on camera saying “when I was leaving this place, we left in savings N26bn. We set aside for important projects, N23,629 billion. If you put the two together, it will come to N48, 626 billion.”
The former governor’s contradictory accounts of the exact amount he bequeathed his successor leaves huge gaps in the emerging narrative of dubious accountability and an even more doubtful integrity.
This becomes more so in the light of the revelation that in Obi’s so called N75 billion handover are embedded all manner of moribund and toxic assets which he cleverly reported as profitable investments in the handover note.
For instance, Obi’s reportage of the 16.5% equity stake in emenite, a fibre cement roof and ceiling manufacturing company set up by the premier of the old Eastern Region, Dr M.I. Okpara, which was shared between the five states that made up the as part of the trumpeted investments he had handed over to Obiano is nothing but pure fraud.
Observers also complained that it speaks volumes about Obi’s vaunted integrity to realize that he also reported that he had invested the sum of N3.5 billion in Interfact Beverages Limited, when in reality what he invested was N1.4 billion only. This followed Obiano’s announcement that his administration would soon revise the discrepancy to reflect the actual equity stake of the state in the company.
Other dead bodies buried in Obi’s handover note include the N9 billion involuntary investment in the Nigerian Independent Power Project, conceived in 2004 by the Obasanjo regime which the Federation Account was charged to fund on behalf of the 36 states. One wonders how this investment could have found its way into Obi’s phantom savings that he handed over to Obiano in cash.
Other components of Obi’s “famous” N75 billion cash handover include the N4 billion estimated value of the land resources of Anambra State on which the oil installations of Orient Petroleum Resources stands which he “cleverly” converted into the state’s shareholding in Orient Petroleum Plc and quickly reported as his own wise investment while in actuality, the only investment in the company when Obi handed over was the N100 million invested by former governor Chris Ngige who also issued the C of O for the land.
Another embarrassing falsehood reported as part of the N75 billion cash handover is the Federal Government refund to Anambra State on the repair of federal roads in the state which stood at N10 billion during Obi’s regime.
It smacks of utter mischief to report this debt owed the state by the Federal Government as a part of the cash handover as the Federal Government has yet to clear the debt while the Obiano regime has responded to more distress calls on federal roads in the state, pushing the debt overhang now to N43.8 billion to date.
Indeed, Obi’s ill-advised decision to speak up on the actual amount he left his successor has blown up on the faces of his admirers who cringe at the embarrassing inconsistencies in his accounts which  now dangles between N75 billion and N48,626 billion.
At this rate, many political observers bet that Obi may not have any reputational capital left by the end of the current electoral campaign in Anambra State.

My brother go look for higher education notebook

See as the guy on pink dey look them like MUMU

Rastaramsey:
Damnnn
This country is finished

Some fools will still flood this thread in sponsor of tinubu and APC

If you like vote for any APC member, you will suffer for another 8 years....

Idiot na Tinubu kill her
Is Tinubu the current president...minister...chief justice...chief of Army staff
Why u come here today without bringing ur sense
RIP to the poor girl

Rastaramsey:
Damnnn
This country is finished

Some fools will still flood this thread in sponsor of tinubu and APC

If you like vote for any APC member, you will suffer for another 8 years....

Idiot na Tinubu kill her ?

It's a pity that most gullible yoruba hasn't know how much these igbó people hate Yoruba's...selling Obi to southwest like fake pressing iron made by igbó.... iná if u you use this pressing iron e dey burn cloth...

Bonesbreaker:
Obi we are patiently waiting for the big march on between you and nnpp

[color=#000099][/color]
For Obi to be the vice president abi

Ddeliverer007:
Peter obi would have a 40% in

Kano, kaduna, katsina, kebbi, Yobe, Adamawa, Borno, Jigawa, Gombe, Niger, Taraba, zamfara,

He would score 75% in
Abuja, Osun, Ondo, Oyo, Pleateau, Ekiti, Sokoto, Benue,

He would score 98% in
Rivers, Lagos, Imo, Abia, Anambra, Edo, Delta, Enugu, CrossRiver, Ebonyi, nassarawa, kwara, jigawa, Bauchi.

Obi is the 16th President of Nigeria..

U better wake up from ur online Twitter dream

Where Tinubu build for the goodness of the country...Òbí self see say the man no small Obi leave office comot for Anambra con live for Lagos....

Vinnie2000:
The Buhari dat ur greedy leader, Tinubu campaigned for u Yorubas to vote for, abi

And Igbó refused to vote him in...now that yoruba and Igbó have presidential Aspirant did u xpect yoruba to leave there candidate and vote for Igbó..what Igbó can't do u xpect yoruba to be gullible and vote for Igbó and abandon there yoruba candidate

The best way is to mind ur business and do whatever he asked u to do...don't overdo as in na be sabi pass

Bitter truth
Adeleke should just wait for Oyetola to finish his second term as a governor... Adeleke won't be able to defeat Oyetola while still in office...they use power for PDP before Oyetola won then talkless of now that he's the incumbent Governor

You don go do DNA ?
Neva happy too much oo
Those creature can kill u while u 're alive
Know this know peace

I remember Buhari during 2014... Òbí sharp igbó man don start him own again ...God punish all of una and Obi

All i can say is that it's an Art work...hotels aren't that poor to the extent of using Pot as wash hand basin

Menace2Society:
Pretender Obi is cumming!

Òbí wey lie full him mouth...i won't leave APUGA me and my family...leave APGA leave PDP joon

faceland:
Stop scaring me with such story. I don't think I wished death on him though (was just cautioning or predicting a likely outcome).
Anyway. it's night, I don't want to talk about death (you have already spoked me off). Happy Sunday (and new week).

I wasn't wishing u death..why should I... happy Sunday to u also..have a blessed day

Softmirror:
TINUBU, WHO GOD HAS FAVOURED, MAY WE BE SO FAVOURED O. EVEN GANDUJE HAS ALLOWED HIS DEPUTY TO RUN KANO STATE WHILE HE CAMPAIGNS FOR TINUBU. IMAGINE GOVERNORS DOING ALL THE CAMPAIGN FOR TINUBU.

YOU CAN IMAGINE THE RATE OF DEVELOPMENT LAGOS WILL ENJOY WHEN TINUBU BECOMES PRESIDENT

God bless u my brother...this is what Yoruba's should understand and know not only Lagos but yoruba state as a whole...they were shouting OBI up and down igbó want igbó presidency that's why they were tagging him as a good man.. Tinubu build Lagos imagine peter Òbí buy house and lives in Lagos

PDP still they breath sha

havenz:
Peter Obi decamp other parties don confuse.

With Peter Obi Nigeria still have hope to grow and develop.

Same thing we think during Buhari coming 2014...Peter Òbí is over 60yrs old we need youth not 60plus old man

tillaman:
We are OBIdiently getting our pvc for real for real
We have to get it right this time

For president of Biafra nation is allowed

AntonVince:
Would Buhari have won in 2015 had Christians voted along religion line?

Tinubu will give CAN woroworo and still win...them don know say APC go win the election that's why CAN came out and voice out..na because of APC no be because of ATIKU or one Twitter president

Islandlady:
I can't help but notice some of your useless comments all over this forum dragging Tinubu and yorubas anyhow! How old are you. . .Pls grow up!!!

Leave him oo...who will vote the mumu Peter Òbí he can't came second talkless of first...OBI wey lie full him mouth...he said he wouldn't leave APGA even swear with his life..he leave APGA leave PDP join...they also knows that OBI isn't trustworthy but because they want IGBO president that's y they were shouting up and down on Twitter..if Jesus is from southwest and contest for president Igbo won't vote for him...and they want other tribes to vote for there candidate..if Igbó mumu yoruba no mumu

Islandlady:
One thing I so much like about Tinubu is his ability to strategize, plan and he has visions!!!

Nigerians should just give him a benefit of doubt, and see the positive things he will do!

Don't mind them..they are just shouting OBI up and down OBI wey lie full him mouth pass Lai Muhammed

WibusJaga:
Prof no wan commit same blunder as when he endorsed Buhari.

Na so we they Buhari da time too...if OBI enta e go worst pass Buhari

Emdebby2:
If Peter Obi wins, Nigeria will be better.

Thesame thing we were saying when campaigning for Buhari... Buhari no even swear with him life da time nor decamp...Obi leave APGA were he swear not to leave he proceed to PDP leave again NNPP na next... person wey lie full him mouth

faceland:
I'm sorry, you don't "get" yet. More like Abba Kyari COVID-19 death or Sani Abacha. Let him chose El-Rufia and it would happen.

I knew about someone during Buhari first tenure everytime he sees Buhari on TV he will be pitying Buhari that he would soon die..i swear to God the person didn't live to see Buhari ending his first tenure...i pray urs isn't like that...don't wish anybody de*th u are not God.. although death is inevitable for all living soul

faceland:
I'm sorry, you don't "get" yet. More like Abba Kyari COVID-19 death or Sani Abacha. Let him chose El-Rufia and it would happen.

I knew about someone during Buhari first tenure everytime he sees Buhari on TV he will be pitying Buhari that he would soon die..i swear to God the person didn't live to see Buhari ending his first tenure...i pray urs isn't like that...don't wish anybody death u are not God.. although death is inevitable for all living soul

DeleTaller:
I like your wishes... It is good to be hopeful.

Did u know the funniest thing is that both APC and PDP don't even av time to talk abt PETER OBI or what is he called matter because they knew peter obi can't clinch 2nd talk less of 1st position... kwankwaso will even top him

Goldenkrezi:
Who says I'm from the SS/SE?

Sometimes tell yourself the truth.

Peace!

Ohhh nice
Let's tell each other the truth..this igbó people knows that Peter Òbí is not trustworthy but because of Igbo presidency that's why they are branding him up and down.. youth of 40 at least 50yrs is what we truly want...Peter Òbí is even older than wike..

Goldenkrezi:
Tribalism sucks man fr!

Yes same way u South South and South East always did...quote me wrong and show me some evidence