₦airaland Forum

A crisis is brewing between Anambra State Governor Willy Obiano and opposition parties over the alleged secret sale of the state’s dollar savings in the last three and half years.

The governor, according to sources, has disposed of the cash saved for the state by his predecessor, Mr. Peter Obi. In the last transaction, over N10 billion was realized, according to one documents The Nation stumbled on.

The last transaction was carried out, following a letter of March 17, 2017 by the Anambra State Investment Promotion and Protection Agency.

In the letter of authority, its Chief Executive Officer Joe-Billy Ekwunife, directed Afrinvest, the firm appointed by Obiano to manage the savings to carry out the transaction.

The agency directed the firm to execute a partial sale of the Eurobond Portfolio domiciled with two commercial banks to raise N3.7 billion and N6.3 billion.

According to sources, the bonds in one commercial bank that were disposed, following the directive, included 6.75 per cent 28 January 2021 FGN bond with a face value of $30,000 and 6.38 per cent 12 July 2023 FGN bond with a face value of $50,00.

“There are also the 10.5 per cent 19 October bond with a face value of $21,000 and eight percent July 2021 FGN Bond with a face value of $14,000. The FBN bond was sold in two tranches of $9,000 and $5,000. Prior to their sale, the savings had yielded billions of Naira as revealed by the manager,” the source added.

Also, it was disclosed that each time the bonds were sold, the agency directed Afrinvest to credit the money realised into the Anambra State Special Excess Crude Account. It was not immediately clear yesterday if the special account is not under the purview the state’s Accountant-General.

It was learnt that the first sale of the dollars accounted for the disposal of 8.25 per cent of a first generation bank’s bonds from which about $10.2 million was realised. This amounted to about N3 billion, going by the exchange rate at the time. The bond, which was to mature in August 2020, had an annual coupon yield of 8. 25 per cent and it was purchased by another bank at a much discounted rate on December 18, 2015.

The sale was carried out “over the counter” away from public glare, it was alleged.

The agency’s chief executive, Ekwunife, declined to comment when his reaction was sought. He cut the phone when the allegation was mentioned to him.

Budget and Planning Commissioner Mark Okoye could not be reached for comments; he did not pick his phone.

Former Information Commissioner Chief Joe-Martin Uzodike said the disclosures were worrisome, lamenting that the governor had turned the state upside down.

He said: “If the foreign savings had been left intact, it would have increased to N200 billion. Obiano has come to kill the state and not to save it.”

The media aide to former Governor Obi, Valentine Obienyem, lamented that Obiono, a banker-turned governor, sold the last dollars at N314 when the dollar was sold for N415.

He added: “Governor Obiano insisted on under-selling – against all advice, fuelling suspicion that there were other considerations. The question is: who actually bought the dollars? The same person selling the dollar savings had about N50 billion in local currency handed over to him, which he squandered.

“Regrettably today, Anambra is owing over N60 billion in debts. It has the highest number of abandoned projects. In four years, the governor is yet to complete three kilometers of roads in any local government, except his town.”

Obiano and Obi have been quarrelling over the finances of the state. While the governor said he inherited a huge debt from Obi administration, Obi denied it, saying but he left over 80 billion in the state coffer.

Also, Obiano has alleged that his predecessor had demanded N50 billion from him as expenses for the election that brought him to power. Obi denied the allegation, recalling that Obiano had apologized for the falsehood in the past when he visited him in his home in company of a bishop.




http://thenationonlineng.net/revealed-obiano-govt-sold-anambras-dollar-savings/

nonsobaba:
Stupidity is when you compare 8 years to 4 years. Anyway, Peter Obi should prove his mettle by installing his stooge, otherwise he should hide his face in shame.

Chino, why do you want to sale Anambra for a mess of porridge?

globemoney:
No, it shows that igbo elites are now taking Apga serious as the future party of ndigbo, if APGA wins, you will see the effect in south east in 2019. Even soludo is now solidly with APGA. The is the vision of ojukwu but peter obi did not buy into that vision because he was greedy, selfish and eating alone. For the records, obiano has won more elections for Apga in Anambra and SE than peter obi

Ojukwu's vision that they didn't buy into when the man was alive? You make me laugh.

You sound like a political neophyte Bro. Why wait till Peter Obi got his candidate as PDP's candidate before decamping? The simple reason is cos they know Obi and Obaze will not share Anambra money like the current occupant is doing. As for Soludo, he's only supporting Obiano with the hope that he'd get the ticket for 2021 which is not bad.

While I do not support Obiano in the forthcoming election, I have to say he's not done really bad compared to his peers in Nigeria but when compared to the legacy Okwute left behind, he's performed below par. My choice personally is Chidoka followed by Obaze but I'll accept Obiano a million times over Nwoye.

globemoney:
I think it will be very difficult to rig in Tony Nwoye because of the heavy weights behind obiano, for instance, no amount of rigging will make APC win NNewi because of ifeanyi ubah. Ifeanyi ubah is a very big fish in Nnewi, and so it is for many places.. As for peter obi, he wil finally realize what he did to himself after the elections.. He can now see that selfishness and greed is not good for politics, how can a man who governed a state for 8 good years, even with massive support from FG not have any prominent name supporting him, even his deputy is with obiano, etiaba is with obiano.. Look at what he has reduced himself to in the photo below..
When I was calling out peter obi for his evil ways even before he fell out with obiano, his blind supporters, nwabobo, mopolchi, mekaboy, , ijoba2, cjrane were fuming.. Now I'm justified.. lol

That all political thugs, godfathers and moneybags in Anambra have either decamped to APGA or have adopted Obiano should be a source if worry for any right thinking Anambrarian capable of critical reasoning. This were the same group of people who while Obi amd Ngige were in office, remained in opposition as the duo refused to open the state vaults to such people. It goes to show that out of desperation, Obiano has opened the state vaults and is sharing the money. I weep for Anambra.

9jvirgin:
Sad. In your next life (if there is any); be wise and do something with your mind and time. Rest in peace brother.

To some, it's better to die fighting for freedom that to continue living as a slave. I don't know which you belong to.

baridamben:
Also Compare Federal Executive Cabinet (Substantive ministers only).
.
Buhari:
*Justice and Attorney General ---------- North
*Defence --------------------- North
*Education ------------------- North
*Federal Capital Territory ------------------ North
*Interior ---------------- North
*Agriculture and Rural Development -------- North
Women Affairs --------------------- North
*Information ----------------------- North
Environment ------------------ North
Water Resources --------------- North
Youth and Sports --------------- North
.
Out of 19 Northern States, Buhari appointed substantive ministers from only 11 northern states, making 8 of them minister of states.
.
*Minister of Foreign Affairs ---------- South
*Finance ----------------- South
*Industry, Trade and Investment -------------- South
*Labour and Employment ----------------- South
Science and Technology ---------------- South
Solid Minerals -------------------- South
Budget and National Planning ----------- South
*Minister of Power, Works and Housing ------ South
*Transportation ------------------- South
*Health ------------------ South
*Niger Delta ------------------------ South
Communication ---------------- South
.
Out of 17 Southern States, Buhari appointed persons from 12 states as substantive ministers, 8 of them key ministries, excluding Ibe Kachikwu who is basically a substantive minister with a minister of state designation. Coordinator of the economy is also the Vice President, a Southerner.
.
See Jonathan:
North
*Attorney General, Justice -- Mohammed Bello Adoke
*Defence --------------- Bello H. Mohammed
*Education ------------------ Ruqayyatu Rufai
*Federal Capital Territory -------- Bala Mohammed
*Information --------------------- Labaran Maku
*Interior ----------------- Comrade Abba Moro
Mines and Steel Development ------- Mohammed Musa Sada
National Planning --------- Shamsudeen Usman
Sports --------------------- Yusuf Sulaiman
*Transport --------------- Idris A.Umar
Women Affairs ----------------- Zainab Maina
Youth Development --------------- Bolaji Abdullahi
.
Jonathan made 12 ministers from 19 northern states substantive ministers in his cabinet, giving them only 7 key ministries.
.
*Aviation ------------------ Stella Oduah
*Finance ------------------- Ngozi Okonjo-Iweala
*Foreign Affairs ----------------- Olugbenga Ashiru
*Health ---------------------- Onyebuchi Chukwu
Communication Technology ----- Mrs. Omobola Johnson
*Labour ------------------ Emeka Wogu
*Niger Delta Affairs --------- Godsday Orubebe
*Petroleum ----------------Diezani Alison-Madueke
*Police Affairs ---------- Caleb Olubolade
*Power -----------------------Chinedu Nebo
Science and Technology ------- Ita Okon Bassey Ewa
*Trade and Investment -------------- Olusegun O. Aganga
*Works ----------------------- Mike Onolememen
.
Jonathan appointed 13 ministers from 17 southern states as substantive ministers in his cabinet, giving them a whole 11 key ministries. Coordinator of the economy was Okonjo Iweala, a southerners.

So these people had these portfolios for the 5 Years GEJ was president? Half truth is no truth.

morbeta:

I am Nwa afo igbo

Ask your mother who your real father is.

Airforce1:
He's right .

The highest paid are the helicopter pilots who earn over 3million .


An ordinary flight dispatcher with air peace earn 150 to 200k monthly .

He's right that a pilot in Nigeria earns 1.4M per flight? Make una fear God. How much does a local flight fully booked make?

Triton1996:
Arguably, one of the youngest and prettiest Artist in Nigeria currently is Butikakuro Elizabeth Olakitan. She was born and bred in Lagos state, and hails from Osun state.

According to our findings, she came from a family where Art is their major ‘talent’. She started painting when she was eight years old and as a very young girl, she drew and painted amazing things.

It feels she’s like a fine wine that gets better with age, judging by her passion for the work of art and some of her latest paintings. She is so unique in her colourful Mix media painting and visual art.

Interestingly, As young as she is, she has trained several youths on how to better their craft in painting and other forms of art. One of the things that single her out from others is her unique way of creating and combining her works, and abstract paintings.

No doubt, one would deduce that Butikakuro Elizabeth is a very hardworking lady, she doubles as an artist and also a student. She is currently studying Business Administration at Yaba College of Education.

Furthermore, in a way of bettering her craft, she has been to Nike Art Gallery for training on Batik, and has also been a sales representatives there

Below are the series of Artwork she has done

 

Follow her on IG : @Arik_africana_art

Is that Bobrisky's sister?

DammyBae:
. Use your money to buy beer

Well, that's what the scripture says. Even Jesus turned water into wine.

Not that I'm supporting drinking but let facts not be twisted.

DammyBae:
Some people are mad naturally

Who is mad? Definitely not Daddy Freeze who only repeated what God commanded in the scripture.

amliftedhigher:
After about 7 years since I last visited PH Road Aba, I decided to reach there today hence I came to ABA yesterday . I was initially warned that no road leading to the ever busy PH road, the home of Generating set, Lister of all sizes, the home of major electrode factory, home of fasil rackworm pharmaceutical factory and home to heavy duty spare parts, caterpillar etc and also the head quarters of Dan dollars Nigeria limited and the home of universal steel company a zink manufacturing company . I was shocked to see PH road like a burial ground no movement of vehicles, no petrol station and people living there buys black market from those whom I don't know how they transported the fuel there. I start asking my self if TA Orji and the puppet okezie has brain and feelings? Many houses And stores empty . It is quite unfortunate for abia state. How did Abia state got it wrong? Please how can we draw the attention of the state and federal government to this wicked situation? Please view the pictures attached below

You should be asking "Does Nigeria have a president?" Cos that's a federal road.

Clerverly:
see how ipob yoots celebrated Buhari's death!

Clerverly:
sahara reporters are becoming a junk paper

Clerverly:
Crownwealth19 you see your life?

Soliloquy

Jerrypolo:
In a bid to arrest Tompolo, the federal military government might just be walking into an open trap set by the now defunct PANDEF. I call on the Federal military government led by General Mohammadu Buhari to let sleeping dogs lie.

The Niger Delta is a very fragile area like we all know. Yes there would be deaths and sacking of villages by the military but one thing I and most of us know, there are usually no winners when it comes to military operations in the oil rich Niger Delta.

Buhari leave Tompolo alone.

Words of wisdom.

fyneguy:
Op

Did you put all the 159 appointees in these sectors or just select some to suit your end?

These are the heads of the sectors not a list that includes 'gate men' and 'tea servers'

koladebrainiac:
no u deliberately stated appointments for North alone.
Kindly place it side by side with south appointment.
Stating only north is a dubious analysis by you with the sole purpose of appealing to PeopleS sentiment n not to there reasons.

Note that in south too they ocuppied juicy post in economy

FINANCE
TRANSPoRT
SCIENCE
EVEN ECONOMY
so go n sit down n reconstruct your post devoid of sentiment

Ministry of Science and Technology is a juicy post? LWKMD

life2017:
Federal govt submitted list of 159 appointments made by Buhari since May 2015.

I personally counted the number of Southerners to be 86 and number of Northerners to be 73 in the list of Buhari appointees released by Federal government.

South West 41
South East-23
South South-21

North West- 30
North East- 23
North Central-21


https://www.premiumtimesng.com/news/248368-presidency-releases-full-list-of-buharis-appointees.html

Even a gate man is an appointee.

Gamesmart:
Tomorrow is another chance for you to receive sense IJN.

GTFOH

Lalasticlala, do something to this thread.

edgecution:
People should argue objectively. Has Buhari himself made announcement on this? Let the old man get his treatments. It's not everything we need to attack Buhari. Lets be sensible. What you posted is not a new thing. All the past leaders enjoy it.

Please, who owns the twitter handle @Ngrpresident?

How about this one in Lagos? Lalasticlala is quick to take the one in other states to the front page while ignoring the ones in Lagos.

https://www.nairaland.com/4156766/pictures-oke-ado-junior-secondary#62064632

Ambode is working. Eko o ni baje.

This is Oke Ado Junior secondary school, Abule Egba, Lagos in 2017.

lilytender:
I thought you hate Nigeria, why taking favours from your enemy? May God not make us beg our enemies for food. Tell Ekwueme to be a man and reject the offer.

Don't be a slowpoke, it's not an offer but his entitlement. Ladt tjme I checked, Ekwueme was Vice president of NIGERIA and not another country.

bigtt76:
Even though the Former Presidents and VPs are entitled to free Medicare abroad, the funds to make it happen still needs to be approved and released. That approval is what the presidency has done and is the right thing to do. Let's stop all these politics.

And they had to make noise about it?

Gamesmart:
Sense? Una no get.

Grammar? Una no know.

The laws says "where necessary".

If you had sense you would know there are two judgement levels to determine if it is necessary.

That is, the doctor and the Presidency. With the latter having dismissive power over the former.

This is what you get when contraceptives fail.

doctokwus:
Only discovered his true nature and capabilities last year,just a year or so into his tenure and he hasnt failed to disappoint since with his growing minuses.
Voting out Jonathan was a deed that had to be done,same should apply to Buhari,let the message be passed that levels of leadership deficits exhibited by those two deserves only one cause of action:sending them back to the villages they evolved from to pander to sycophants that can tolerate such crass incompetence,not 160million plus Nigerians.

I can forgive an illiterate for voting Buhari but any educated person who cast his vote for Buhari considering his past record, to me is a goat.

DonCandido:
2. Treatment for the former vice president and his immediate family WHERE NECESSARY at the expense of the Federal Government.

The phrase "WHERE NECESSARY" introduced a condition precedent. The condition is not stated in the law and thus making the carrying out of the obligation to pay for the medical treatment abroad for the former vice president SUBJECT TO THE DISCRETION of the FG.

What is DISCRETIONARY is not AUTOMATIC.

Discretionary obligation needs approval SUBJECT to satisfaction of conditions precedent by the person claiming the entitlement AND at the ABSOLUTE AUTHORITY of the APPROVING body or person.

I don't really know what the OP stands to gain by deliberately misinterpreting the very CLEAR words of the law created for the benefit of our national heroes.

Let the former vice president get the desired treatment abroad.

This pseudo tribal- politics of medical treatment abroad is nauseating and MUST stop!

Our only duty as grateful Nigerians for the services rendered to us by the former vice president (if indeed we appreciate his contributions) is to pray for his soonest recovery.

WHERE NECESSARY implies where it is necessary to treat the person abroad. Medical teams determine such necessity and Ekwueme's. Edical team has determined it is NECESSARY.

diegwu01:
PMB was entitled to all of this when he made his trip abroad earlier, Many Nigerians from the east condemned it, suggesting he should use the Aso Clinic.

Nigerians were simply holding Buhari accountable to his words. Buhari vowed that there'd be no foreign medical treatment for him and other govt officials but went ahead to break it himself. That's why people were on his neck.

Caseless:
have you told us where those provisions of the law were implemented by previous administrations in respect of Buhari? Or how many times hero gave ekwueme any of the provisions when he was there? Or ekwueme never fell sick when GEJ was there?

Medical bills of all past heads of state including presidents and vice president have always been handled by the federal government. Why Buhari's aides chose to make noise about this one is what I do not understand. Buhari himself has been treated abroad severally at the expense of the FG before he came back to power.

doctokwus:
I am no wailer,nor intend belonging to one.
I am only a seeker,alligner of the truth,and a passionate hater of incompetence,lying,bigotry,nepotism,corruption and crass incompetence displayed by the likes of Buhari.
I cannot stand before man and God and defend Buhari when I vehemently condemned some of the same traits displayed by Jonathan while he was president.
So keep your form to yourself

So you know these things to be true but went ahead to pour invectives on people who saw through the scam called Buhari early enough, calling them wailers.

doctokwus:
They are only following Buhari's footprints,a president so ignorant of the law and constitution that it has become comical.Yet his as s lickers praise him for his embarassing ignorance,contempt of the law/courts and impeachable breaches of the constitution
The one that beat the cake was his comically embarassing sacking of Maina from his directorship position in the civil service,after his corrupt reinstatement.
Buhari left Malami and Dambazzau who are the only culprits the constitution grants him power to sack,being his political appointees,and went ahead to sack Maina,who he has no say whatsover on sacking and who can only be removed from office by a process governed by the laws of the federal civil Service,by the office of the HOSF!
That was the height of foo lery displayed by a president of Nigeria!!

Have you obtained your form?