devilishM: There are 2 leaders of the Igbo tribe. One is ojuku of cursed memory who ran to Ivory coast during the civil war, another is an Albino who is crying now in prison. Lolx
opolo eyes must avoid the mistakes of awolowo.. which is taking rat poison
aresa: [s]Awolow achieved so many Firsts in Nigeria and Africa while your village leaders achieved nothing which set you up to me social and economic migrants all over the country.
Asiwaju wrestled the SW away from your worthless jona and his PDP and is a major political force to recon with all over while your useless and incompetent village leaders not only sold out, they could not even manage and keep alive your worthless AGPA party..
Your leaders locally and nationally are low weights and irrelevant villagers with zero ability to effect anything to effect anything in Nigeria
Now you losers and zero identity miscreants relegated to weird voices on radio Biafra spewing nothing but hate and bitterness..
The only leader you clowns have is a common transistor radion spewing hate, bigotry and anger all over iboland..
Losers..[/s]
watch, this was after your opolo eyes leader abandoned his ludo games in yorubaland to go play chess in Abuja. Indeed a learner
mulattoclaro: [s]abeg bros look those two pics and compare if they're the same. Igbos will stop at nothing to grab land. But news flash. It won't work.[/s]
you this idiot why not face your poverty ravaged edo state and stop creating useless threads on nairaland looking for companionship from other minority tribes.
Obiagu1: When I knew you, you were in your mid 20s, after 5 years you should be in your late 20s, yet you are still the same, wetting on every guy you see.
Grow up!
Chai, this is fatality... modath come and carry this ilekehd out of here before they abuse her out of nairaland
Whats the need replying every thread by any lunatic on nairaland? You people should learn to ignore these threads for Christ's sake.. How can you be arguing your origin with a yoruba boy from edo state? smh
So where is the money Peter obi said he was saving for Anambra all those years... for the raining days? The reason for the lack of signature projects in his 8 year administration? Obayaya? I dey laugh oh
The last item in the row of long-term investments is a N750 million Anambra State’s share in the old Eastern Nigeria’s First Republic investment in Emenite Limited, a manufacturer of fibre cement roofing and ceiling products.
obayaya: I support the emboldened.. Enough of all the these claims and counter claims..
Obiano should put the facts on the table.. Maka Odi mma Anambra
Let me provide you with a further breakdown of the information so you can stop deceiving yourself and others
No N75bn Cash Handed Over By Peter Obi By Willie Nwokoye
Probably induced by sworn opposition, the Nigerian social media have spewed the allegation that immediate past Governor of Anambra State handed over N75 billion in liquid cash to Governor Willie Obiano in 2014. This has induced the general imagery that the huge bequest is the basis for the current Governor’s financial confidence since inception.
To some people, the social media today is a thriving platform for a flourishing trade in inanity. Ironically, the platform is easily where a fair number of unreflective people is effectively held captive with enthralling junks, which explains why the talk of a N75 billion cash in hand-over has become a worrisome matter in the minds of Anambra people despite Governor Willie Obiano’s excellent 18 months in office. Obviously frustrated by the silence of Government, I was told that the merchants of the N75 billion tale devilishly went underground, seeking the false enticement of respectable affinity groups through the Bishops and Traditional Rulers. I heard that the hand that bears the beguiling papers is the hand of Esau; but the voice in the social media is Jacob’s.
To disabuse the minds of the citizens who the Governor ordinarily holds dear, the Principal Officers of the State, led by the Secretary to the State Government, Professor Solo Chukwulobelu addressed the press Saturday, November 14, 2015 at the Conference Hall of his office at the Government House Complex in Awka.[b] In somewhat pedagogic deliberateness, the SSG went through a 6-page verbatim extract from ex-Governor Peter Obi’s Handover Note. At the end of the Press Conference, the items that made up the N75 billion were laid bare. The headline item was a N9 billion involuntary investment charged on Anambra State from the Federation Account to fund Nigeria’s Independent Power Projects. This is a non-tradeable equity in a long-term investment. The subsequent 12 items on the extract are similar long-term investments, each in differing level of completion like the State’s equity investments in Orient Petroleum Resources; investments in Onitsha and Agulu Lake Hotels as well as in the three Shopping Malls in Awka, Onitsha and Nnewi; the State’s equity investment in Intafact Beverages Limited, the brewers of Hero Lager and investments in the two Onitsha Business Parks. The last item in the row of long-term investments is a N750 million Anambra State’s share in the old Eastern Nigeria’s First Republic investment in Emenite Limited, a manufacturer of fibre cement roofing and ceiling products. In all, the long-term, non-earning assets in the fairy N75 billion sums to N22.73 billion or 30%. It is analytic to reason that 7 out of the 13 long-term assets are uncompleted yet; they therefore cannot begin to earn cash until they are completed, off-taken, let or attain critical mass as first should in the case of Orient Petroleum.
Included also is a N350 million investment in quoted stocks. This, no question, is tradeable, which means that the investment can be sold and realized into cash. The stock is worth currently about N200 million following falls in the value of shares. The number 15 item on the Hand-over extract is a N1.5 billion computation of the State’s share of the Excess Crude Account contributed as capital to the Nigerian Sovereign Investment Fund in 2010. At best, this can be regarded as a State Reserve Fund, a kind of saving for the rainy day. It is not realizable yet into cash. Items 16 to 19 in the Hand-over extract, amounting to N2.48 billion are the State’s counterpart funds or contributions to Funds held by Federal financial institutions. These institutions administer the contributions as soft lending for small scale businesses, agriculture and small industries in the State. Having been contributed as counterparty fund, the cash is not available to the State any more[/b].
For reason that will be obvious shortly, let me skip item 20 and treat item number 21 which is a N10 billion spent by the State on Federal roads across the State and had been verified for refund by the Federal Government as at Hand-over date. In fact, the verified figure has risen to N25 billion at present on Governor Willie Obiano’s efforts with the relevant Federal Agencies. It is pertinent to state that this is pure and plain IOU by the Federal Government, which can conceivably be cash available to Governor Obiano only when it is refunded by the Federal Government.
The nearest item to cash in the foregoing is listed as 20, which is a USD155 million investment in Eurobond and other foreign currency-denominated securities made by the previous administration at its twilight. In naira terms, this was worth N26.5 billion at handover. The Press Conference came out informed that this investment is intact in the three managing banks and unliquidated yet. In simple language, Governor Willie Obiano’s administration has not touched one dollar of this investment.
Item 22 is a statement of the real cash handed over by Peter Obi. By the Hand-over Note, cash at bank as at December 31, 2013 was N11.5 billion. However three months after, precisely on the hand-over day March 17, 2014, the cash had dwindled to just about N9 billion. Thank you.
My foregoing analysis has been on items on the asset side of the Hand-over Note. [b]Now follow me over to the liability side. Total contract sum for all projects inherited from Peter Obi is in the amount of N185 billion. In keeping faith with the promise of continuity, completion, commission and commencement, Governor Willie Obiano has silently been paying down the inherited contracts strictly from Federal transfers received in the period of his administration. Someone whispered to me at the Conference that by sticking to his own earnings, Governor Willie Obiano has acted as though led by a premonition that a N75 billion sing-song would soon be in the offing. Thus, from March 2014 through August 2015, a total of N69.2 billion has come in to Governor Obiano’s Administration as Federal transfers, out of which N35 billion has been utilized in whittling down the inherited liability, unannounced. It is a sincere expectation, therefore that this Press Conference should shift online time into more progressive conversations and drown the chorus in the N75 billion folklore for good. If it continues, then it is correct to conclude that the intention ab initio has been to keep the grave silence over the huge liability, well, ever silent.[/b]
Willie Nwokoye is the Principal Secretary to the Governor of Anambra State.
Something you need to think things through... How possible is it for a man who spent all his years as Governor perfecting prudent resource management strategies will award contracts worth 186 billion?
Let's put this in perspective.. 186billion is more than Anambra's 1 year budget..
The undisputed fact is this... Obi left 75 billion worth of cash and investments... That's the crux of this argument..
Bringing 186 billion liability into the equation is just an image laundering strategy by Obiano's team. A very bad one at that. One that's capable of derailing the gains Anambra has made in recent years...
People close to Obiano should advise him... Governance is a serious business not a _dick measuring contest..
Nigeria is broke but buhari has spent nearly 6 billion on private jets alone while we are yet to get the figures for his customs officer and ministers.
Real2020: So the so-called major oil producing areas of Rivers state were all carved out from Imo and Abia states? Talk about evil, here is one staring you right in the face. We owe an apology...big one and reparations to the Igbos. The evil pepetrated against the Igbos is why Nigeria will and can never succeed. Nigeria reeks of deception, evil, and wickedness. We can continue to pretend all is well. Thanks to Nnamdi Kanu for bringing this truth to the younger generation of SS and SE who are now united to put an end to this monstrosity and restoration of Biafra.
That is why people like TonyeBarcanista, HopeatHand and Truckpusher all have the mouth to talk rubbish today
CyberWolf: The media propaganda against Biafra is formidable, but I urge all true Biafrans to be on the alert and ready at all time to counter their lies and mischievous propaganda against Biafra. The struggle for Biafran freedom might take long, maybe years, maybe decades, but we are convinced that at the end, Biafra will come.
#VivaBiafra
I dismissed the nonsense immediately I saw the name associated with it. The shameless ugly Lauretta Onochie is an official "social media volunteer of Buhari administration" so what do you expect? It's very pathetic she would associate her name with such nonsense over a political party.
patrick89: we are in almighty mess! if this 186billion is true! Obiano wants to steal money!! he is diverting attention! he is planning to steal money for campaign and champagne! I don't hate obiano, and I would not want him to go! but he needs to stop this blame game with peter obi! it's stale and inconsequential! we don't want to hear your story!! we demand good governance and accountability!! I don't want to join issues with FreeGlobe, coz I'm not abagworo or chino11!! I'm just concerned about my state, Anambra state! obiano should not play with us oooh..
here are what we should demand from obiano. he should list those works that have gulped that amount! he should be able to provide the state and level of the projects! we are not market women, the prof should not come and confuse us with figures! Anambra state annual budget is not even up to that amount!! I'm suspecting sharp practice here! well I'm waiting for valentine obienyem to release his own report.
we will raise this matter on odenigbo people's parliament on odenigbo 99.1 fm obosi!!
Obiano has never addressed us, the citizen since he came on board!!
you already gave your self out with the bold. You dont want to hear how peter was playing a fast one on Anambra people but you want to blame obiano. You are not concerned about Anambra State. You are a learner. Swerve
O ya read After reading you've to scroll b4 this your. Particular post to read the detail analysis of both.
75 Billion Naira Cash and Investment, Obi’s Aide calls for a Committee
Following the denial by Gov. Willie Obiano of Anambra State after two years of handover, that he did not receive any 75 Billion Naira cash and investment from his predecessor, Mr. Peter Obi, Obi’s Media aide, Valentine Obienyem has called for a committee to investigate the matter even as he advised Anambra Government to concentrate on showing Anambra people what they have invested for them or projects executed rather than dancing around another man’s investment for the State. In a statement to the press, Obienyem expressed shock that Anambra Government just realised after two years that what was handed over to them was not as stated.
During a press conference on Saturday, Gov. Obiano, speaking through the Secretary to the State Government, Prof Solo Chukwulobelu said he only received “9 Billion Naira cash and 26 Billion Naira ‘near cash’ from his predecessor.’ He also said he inherited over 100 Million owed contractors on different contracts in the State.
Obienyem who said the word “Near cash” was alien to him as well as to all the experts on money, called on Anambra State Government to explain what they meant by that. He asked whether by “near cash”, they mean they received an unknown money or perhaps, Biafran pounds.
Obienyem said that the issues raised by Anambra State Government were weighty that professional organisations such as the Association of Accountants from Anambra should independently set up a Committee and investigate the true position of Anambra finances and report back to Anambra people. “I am saying this because for two years they said nothing until they plan to massively borrow money from the banks. I am aware that Obi left as follows: 27 Billion Naira in local currency investment; 26.5 Billion Naira in foreign currency investment; 28.1 Billion Naira in Certified State/ MDS balances.” Obienyem stated that he was aware that Mr. Obi has all the certified bank balances of Anambra State accounts in different banks as at the 17th of march, 2014, the day of handover, to warrant anybody trying to misrepresent facts on that. He wondered what would have happened to all the money Obi left if he was not professional enough to have documentary evidence.
On over 100 Billion Anambra State Government said they inherited from Obi, Obienyem said it was unfair for Anambra State Government to say such a thing. “When Obi became Governor, he completed both Dr. Chinwoke Mbadinuju and Dr. Chris Ngige’s contracts such as Otuocha, Umuchu-Owelle-Ezukala, Awka Etiti roads. He also started from the scratch some like the Zik’s Avenue, Ebenebe roads that were awarded by his predecessor. In his own case, Obi did not owe a single contractor before leaving office. He paid for all the certificates generated on already awarded contracts. I do not know if the present Government at Awka is saying that he ought to pay for all awarded contracts, whether completed or not.
This valentine obienyem like most Peter obi sycophants on his direct payroll are just plain idiotic and unintelligent. We are discussing a serious topic here and he is talking Biafran pounds. Is this how he wants to defend obi on this matter? Now we will rest over this issue of 75 billion nonsense. The truth is that having no substantial projects to show for his 8 years tenure, Peter obi went to press to distract the obiano government and Anambra people with a phantom 75 billion naira nonsense whereas in the real sense of it, he received more financial assets from Ngige than what he left for his predecessor. smh
Sealeddeal: what legacy especially infrastructurally will Obiano leave at the end of his tenure? How much will Obiano leave to the new administration by 2019?
There are many infrastructural projects currently going on in Anambra by the obiano administration
tobimillar: [s]You are indeed very funny... you are following paper statistics instead of what is on ground?? the same way okonjo ideal was telling us that our economy was getting better when we were already in recession.. do you know kogi and benue can't pay salaries? Yet on that annoying statistics,they are doing well...
It reminds me of a group that said akwa ibom was among the worse state in Nigeria forgetting imo state[/s]
So what are you basing your whats on ground on then? sentiments?
Babacele: The Op is mischievous deliberately lifting a part of a sentence because it helps him to spread lies n hatred about PMB. Unless you are not a Catholic ,my Lord bishop Onaiyekan would never promote misconceptions . Hear him:
tobimillar: Enugu was the the capital of eastern Nigeria and you would have expected that enugu should be competing with kano, calabar or PH as the leader of eastern Nigeria, but without being bias, I would say anambra is the leading light of eastern Nigeria.. I have stakes in imo state, but I won't be blinded by sentiments and say imo state is the best...pls don't be sentimental
Your sentiments or ignorance can never amount to facts on ground. I guess perhaps it's because Sullivan Chime was not always in the media like Peter obi. This is the current facts on ground. Despite receiving lower Fg allocations than Anambra and other states you mentioned, Enugu is number 5 on the list of healthy states ahead of Kano and calabar while Anambra is number 17
Politics › Re: AFRIMA 2015: Tinubu Emerges As ‘pillar Of Culture In Africa by FreeGlobe(f): 10:49pm On Nov 16, 2015
