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lumide533:
Condition: Brand new
• Price: ₦210,000

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Ileaye:
It's embarrassing to living in the same country with you. Woe unto the woman that gave birth to you. May your generations never find peace.

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E be like say the guy own sef done too much

Greetings everyone, I just stumbled on a thread regarding the debt in Anambra left by Obi and Obiano, so I decided to do a little research on it.

It was posted in 2021.





How True is Claim Anambra Owes over ₦200bn Debt?
22 January 2021

Nurudeen Lawal
Claim: A Twitter user, Nnamdi Chife (@NnamdiChife), claimed in a tweet that Anambra state is owing “a combined debt of over N200 Billion”.
Chife also alleged that Peter Obi (former Anambra governor) handed over N72 billion in cash and $150 million in Anambra Generational Fund to his successor, Willie Obiano, adding that all have been “frittered away”.

The claim that the Anambra state government is owing over ₦200 billion is false. The combined worth of the state’s debt according to the Debt Management Office (DMO) is ₦100.7 billion.
Also, the claim that Peter Obi left ₦72 billion in cash and $150 million in Anambra Generational Fund, with all “frittered away”, is mostly false.
The former governor in a 2018 interview said he left about ₦30 billion and $156 million in cash (not ₦72 billion). Even the former governor’s claim has been questioned by the Obiano government.


Full Text
On Sunday, January 10, a Twitter user named Nnamdi Chife (@NnamdiChife), claimed in a tweet that has since gone viral that the Anambra state government is owing a combined debt of over ₦200 billion.
Chief further alleged that former governor of Anambra state, Peter Obi, left ₦72 billion in cash and $150 million in Anambra Generational Fund for Willie Obiano, the current governor.
He also implied that all what the former governor left had been squandered.

The tweet reads:
“I am incredibly heartbroken. 
“Anambra State is owing a combined debt of over N200Billion !!!
“Peter Obi handed over this state to Obiano with N72Billlion in cash and $150M in Anambra Generational Fund. 
“All frittered away, broken infrastructure, debt, and profligacy.”
As at Sunday, January 17, the tweet has been shared over 2,000 times with 168 quotes and over 3,000 likes.

Verification
Claim one: Anambra state government owes over ₦200bn debt
To verify this claim, Legit.ng first reached out to Nnamdi Chife to understand the source(s) of his allegation.
Responding, Chife cited the Debt Management Office (DMO) as the source of his information. Thus, Legit.ng contacted the DMO’s portal for relevant information regarding Anambra state government’s debt.
According to the domestic debt data for the 36 states of the federation and the Federal Capital Territory (FCT) published by the DMO as at September 30, 2020, Anambra State is owing ₦59,013,845,976.50 (₦59.0 billion).

Source: www.dmo.gov.ng
Regarding the external debt, the DMO’s debt data as at 30th June, 2020, indicates that Anambra is owing $115,886,392.46 ($115.886 million).

Source: www.dmo.gov.ng
The Central Bank of Nigeria (CBN)’s official exchange rate of dollar to naira, as of June 30 when the document was released, was about ₦360. At this rate, $115.886 million equals ₦41,718,960,000 (₦41.7 billion).
The combined debt owed by the state government, that is both domestic and external, amounts to ₦100,732,805,976.5 (₦100.7 billion).
From the above, the total debt owed by Anambra state government is ₦100.7 billion.
Where did Chife get his “over 200 billion” debt figure from? He told Legit.ng:

“The DMO’s balance doesn’t include the ACCESS BANK N50B loan for airport project at Aguleri, Anambra State.”
Asked for evidence to back up this claim, the Twitter user said:
“The Access Bank facility is an insider information. The loan is collateralized (viz) with Anambra USD Generation Fund that was set up in the then Diamond Bank.”
To verify this allegation, Legit.ng checked the Anambra state government’s website for any relevant document.
According to a document on the portal tagged Anambra Debt Sustainability Analysis and dated December 31, 2020, the state government indicates it is owing a total of N85.197 billion outstanding debt: N40.561bn external, N44.636bn domestic.
Though there is no evidence to back up the alleged new Access Bank loan, if the N50 billion is added to the official debt owed by the Anambra state government, either the DMO figure (N102.9 billion) or the one on the state government’s website (N85.197 billion), the total figure will still be far away from “over N200 billion” claim.

Based on these findings, the claim that the Anambra state government owes over ₦200bn debt is false.

Claim 2: Former Governor Peter Obi handed over ₦72 billion in cash and $150 million to Governor Willie Obiano which have all been “frittered away”
Peter Obi handed over to his successor, Willie Obiano, in 2014. 
About a year after, 2015, the Secretary to the Anambra state government, Prof Solo Chukwulobelu, granted a press conference to address an allegation that Peter Obi left ₦75 billion for his successor.
Chukwulobelu described Obi’s claim as a hoax, according to a Vanguard report.

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 further: 
“In the real sense, what the Obiano administration inherited from Obi was N9billion cash and 26 Billion near cash.”
However, reacting to Chukwulobelu’s claim, Obi’s media aide, Valentine Obienyem, clarified that Obi left “over N75 Billion in cash and investment”; not in cash alone.
According to Obienyem, ₦27 billion was in local currency investment; ₦26.5 billion in foreign currency investment and ₦28.1 billion in Certified State/ MDS balances.

In a 2018 interview with The Sheet TV, Obi revisited the issue. He said he left for Obiano local and foreign cash and investments in shares and bonds worth ₦75 billion.
Breaking down the ₦75 billion, Obi said he left about ₦30 billion in the bank. In foreign currency, he said left a total of about $156 million. The former governor added that he left investments worth ₦25 billion.
CBN’s dollar/naira exchange rate in March 2014 when Obi handed over was about $1/₦155. At this rate, the $156 million the former governor claimed he left was about ₦24,180,000,000 (₦24.1 billion). Added to the alleged ₦30 billion, the total amount the governor claimed to have left in cash (both Naira and Dollar) would be about ₦54 billion.

Beyond the claims and counter-claims (with varying figures) made by Obi and the Obiano government, Legit.ng cannot find any publicly available data to verify the actual amount left by the former governor for his successor.
Nevertheless, findings above indicate that the claim that Obi left “N72 Billion in cash” and “$150 million in Anambra Generational Fund” is mostly false.

The researcher produced this fact-check per the Dubawa 2020 Fellowship partnership with Legit.ng to facilitate the ethos of “truth” in journalism and enhance media literacy in the country.
Authors
Nurudeen Lawal
Tags: Anambra State, debt, Featured, peter obi, Willie Obiano
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DUBAWA is an independent verification and fact-checking project, initiated by the Centre for Journalism Innovation and Development (CJID) to help amplify truth in public discourse.

We get very high unemployment rate….

Na to come export employment come be the new format…

Nigeriametrics is real….

Lagos generates an IGR of about #60 Billion a month...

Anambra generates an IGR of roughly #4 - 5 Billion a month....

Now do the maths.... 60×12 = 720 (Lagos)

Anambra...... 5×12 = 60

It means Lagos generates what Anambra State generates in a year.... In a month

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I was live at the Delta Investment summit. Prof Soludo mentioned about the pharmaceutical industrial hub and also spoke about collaboration with the Delta State Government on development.

Kingsley Ubani is just a hater of Soludo. Watch the full uncut version if you have access to it.

Happy Sunday to you

Buy and Drive

In my own opinion, Nigeria deserves the type of leaders we have. It’s a reflection of who we really are….

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Parachoko:
As for me, this is not enough, he still needs to learn his lesson at a Correctional Facility

Till dem use one of those low budget bloggers set a very good example, others won’t learn. Then people like Lagosorigin will not verify but help spread the false/fake news….

Shame on Lagosorigin….. tueh

https://www.nairaland.com/8706109/choose-peter-obi-over-father

Above is the link of the fake news posted by Lagosorigin earlier…..

PUBLIC APOLOGY AND FULL RETRACTION

My name is Ejike Ofoegbu Experience, the owner and publisher of Igbo Times Magazine and INews.

I wish to offer my deepest and most sincere apology to Professor Chukwuma Charles Soludo, the Executive Governor of Anambra State, his family, and the general public.

I publicly admit that the stories I published concerning Governor Soludo and his son were completely fake, false, fabricated, and untrue. They did not come from Governor Soludo, his son, his family, or any official representative. They were not based on any verified facts or credible source, and they should never have been presented as news.

The false posts I published included:

* “Breaking News: ‘I will arrest anyone who calls Ozo my son. He is not my son. I disowned him years ago, and he is no longer a member of the Soludo family.’”
* “Just In: I Don’t Take Advice From My Father. He Was a Drunkard Who Beat My Mom When I Was Young. His Treatment of My Mother Made Me Decide Never to Take Advice From Him — ‘Soludo’s Son’ Speaks Out.”
* “Breaking News: ‘I ordered Ozo from Temu. He is Chinese-made, not my son. Even at the hospital when he was born, I asked the doctor, ‘I hope you didn’t accidentally exchange my real son.’ Ozo is from Temu,’ Soludo jokingly told reporters.”
* “Breaking News: ‘They should organize a drinking competition between my father and Wike. I just want to see something. I’m willing to bet my life that my father would win. People don’t understand his drinking capacity.’ — Ozo.”

I state clearly and without reservation that every one of the statements above was fake. They should not be regarded as factual reports or genuine quotations. I take full responsibility for publishing them.

I also wish to acknowledge that the false posts listed above were not the only fabricated stories I published about Governor Soludo. Among other posts on Igbo Times Magazine and INews, I also published false and misleading stories involving Governor Soludo and Mr. Peter Obi, including claims that Mr. Peter Obi would defeat Governor Soludo in an election. Those stories were also completely false, were not based on any verified facts, and should never have been published.

I sincerely admit that I published such stories in pursuit of online traffic, audience engagement, and financial gain. I now realize that no amount of money or online attention can justify spreading false information or damaging another person’s reputation. I deeply regret my actions and accept full responsibility for everything I published.

I deeply regret the embarrassment, reputational harm, and misunderstanding these fabricated stories may have caused to Governor Soludo, his family, his associates, and members of the public.

To Professor Chukwuma Charles Soludo, I respectfully and humbly ask for your forgiveness. I sincerely apologize for my actions and for publishing information that was false.

I also apologize to the people of Anambra State, readers of Igbo Times Magazine and INews, and everyone who may have seen or shared these false publications. I am committed to correcting this mistake and ensuring that such an incident does not happen again.

This statement serves as my full and unconditional retraction of those publications. They were false, fabricated, and should be disregarded in their entirety.

Once again, I sincerely ask Governor Soludo, his family, and the general public to forgive me.

Signed

Ejike Ofoegbu Experience
Owner & Publisher, Igbo Times Magazine and INews

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