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Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) (26595 Views)

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Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by 1bunne4lif(m): 4:46pm On Jun 14, 2022
Obi is coming!! All we want is a better Nigeria where the dreams of our kids can be fulfilled. A country we can truly call our own, one which we can be proud of. Let all who care fore the future of this country rally round Peter Obi to make this land habitable for all. This is not the time for sentiments and tribal consideration, this is a lifetime opportunity to make things right.

2 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by okosodo: 4:46pm On Jun 14, 2022
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.

 

lie lie people

2 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by AmazingELixir: 4:46pm On Jun 14, 2022
grin


Useless party with no structure
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Theoarhics: 4:47pm On Jun 14, 2022
This is inside uniben. Uniben is not in Egor LG. But ovia south east.

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Advocate500: 4:47pm On Jun 14, 2022
Slowly he is gaining ground, those who call his supporters social media supporters will be surprised the level of momentum his support is gaining, one thing with obi's supporters is that they are genuine ,patriotic and passionate about the progress of this entity called Nigeria. Same cannot be said about the rest.

5 Likes 1 Share

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by SensualMan1(m): 4:48pm On Jun 14, 2022
Movement! The most talked about man of the moment.

This is the 1000th thread opened in Obi's name today. cheesy

The ewedu and gbegiri munching apes won't sleep this night grin

3 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by imagrg(m): 4:49pm On Jun 14, 2022
How do I join this party in Benin City?

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by ogatboy(m): 4:50pm On Jun 14, 2022
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.

 


You post allegation, also post the reply. Oga has replied every allegation and he said go and verify. Lol. Just this one article when dem don reply you still dey post. You get another one?? Even Tinubu and Atiku cannot face media to defend their own allegations

2 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by TheNiceGuy(m): 4:50pm On Jun 14, 2022
Anambralastson, nah u go go Twitter go dey criticize Tinubu because of Obi and his ending of the year party undecided

E go clear for your eyes as e tey do you for Amaechi own lipsrsealed
post=113800157:
Same with Daura in Kastina PMB home town
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by kenzysmith: 4:51pm On Jun 14, 2022
This election is between LP AND PDP MARK MY WORDS.

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by specialmati(m): 4:51pm On Jun 14, 2022
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.

 

grin grin grin grin grin and you think any reasonable youth will read this. Hope the old generational money bags are not using your youthful energy to run their old age

4 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by lereinter(m): 4:51pm On Jun 14, 2022
alsudan:
Obi will sweep the SS, man is contesting against himself.

The Obi Tsunami is massive and has even swallowed the Twin Thieves Atiku and Tinubu, that no one remembers they’re contesting.

So obi isn't a thief
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by moneyissweet(m): 4:52pm On Jun 14, 2022
Come collect the money nah


WiszyFraud:
Did you know??



3 problems some of us have with Peter Obi:

1. He bruised our ego
2. We won’t be able to control him
3. He is “stingy” - won’t share the money



lipsrsealed

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Zico5(m): 4:52pm On Jun 14, 2022
Popoyoyo:
They should continue erecting a formidable structure
You will be laughing at urself. Formidable indeed
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Mitsurugi(m): 4:53pm On Jun 14, 2022
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 friend go and sit in one corner joor! OBI FOR LIFE! Go and drink Kool-aid grin

3 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Zelenskyy(m): 4:54pm On Jun 14, 2022
Taking back our Country...

Vote Peter Obi for President

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by lereinter(m): 4:54pm On Jun 14, 2022
EmekaMD:
Truth is this election would have been a walkover for Labour Party and Peter Obi if West, East, Southsouth and North Central was the only parts voting. But you see we have a large chunk of Nigerians who live in the core and they are lagrely uneducated. They have no idea what it means to dream for a better life. For them its religion first and so they are easily manipulated by whatever an Iman and one Alhaji told them.
Those are the people who we must find a way to sensitize.

Speak to them in Hausa and Fulfude and whatever languages they understand. Tell them their lives could be better if they make a better choice.


Even in se obi can't win
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Oju4190: 4:55pm On Jun 14, 2022
If Peter obi won the Presidency, he will still decamp to PDP......he had done it before....Dis guys are just wasting deir time
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by redirect(m): 4:55pm On Jun 14, 2022
IF YOU NEED A NEW NIGERIA OBI IS THE MAN

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Ekg911(m): 4:56pm On Jun 14, 2022
Please, I'm Obi sad cooldently begging for you guys to come to Bayelsa state.
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Nobody: 4:56pm On Jun 14, 2022
Mitsurugi:



My friend go and sit in one corner joor! OBI FOR LIFE! Go and drink Kool-aid grin

He's becoming nix. Your one vote is nil here. Besides, I didn't write this; one of your clansmen did. Direct your frustration to him.
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by kingyakos: 4:57pm On Jun 14, 2022
WiszyFraud:
Did you know??



3 problems some of us have with Peter Obi:

1. He bruised our ego
2. We won’t be able to control him
3. He is “stingy” - won’t share the money



lipsrsealed

Show us one tangible thing u have done with the 1k in every four years they've been given you since 1999.


Cabals has no place in Obi's presidency

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by honour7: 4:58pm On Jun 14, 2022
pleasureosondu:
Currently, Edo State has had a large turnout for the formation of the "structural- less" Labour Party. It is the State of former NLC leader and Edo State Governor, Adams Oshiomole. See video below,

https://twitter.com/Chude__/status/1536131239140278272?t=n9c5E5QUiRRKarreTmHl5A&s=19

Please oh we’re and when is the next meeting, I want to join

1 Like

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by ArcSEMPECJ(m): 4:58pm On Jun 14, 2022
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.

 


If PETER OBI left a debt of N127Billion in Anambra State before Willie took over,.....by now , Anambra State won't be able to even pay a gate man in a local Govt.

We can't continue to read nonsense all in the name of Politics....

Brush off your ego and follow what is right

2 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Winning123: 4:58pm On Jun 14, 2022
He would not even win in Anambra his home state
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by kingyakos: 5:03pm On Jun 14, 2022
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.

 





Two things are involved, It is either you go and verify or you go and drink acid

2 Likes

Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Nobody: 5:04pm On Jun 14, 2022
ArcSEMPECJ:


If PETER OBI left a debt of N127Billion in Anambra State before Willie took over,.....by now , Anambra State won't be able to even pay a gate man in a local Govt.

We can't continue to read nonsense all in the name of Politics....

Brush off your ego and follow what is right


May Almighty Baba God prevent me from following a man like His Excellency Peter Obi as inspiration, Amen. Soludo, Yes; Nwabueze, Yes; Umahi, Yes; Laz Ekwueme, Yes; Pete Edochie, Yes; and countless other Igbo Greats. But Obi? Mbanu!
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by Promoter2: 5:04pm On Jun 14, 2022
Wow!
Re: Labour Party Holds Maiden Meeting In Egor LGA, Benin City, Edo State (Photos) by WildChild00(m): 5:04pm On Jun 14, 2022
alsudan:
Obi will sweep the SS, man is contesting against himself.

The Obi Tsunami is massive and has even swallowed the Twin Thieves Atiku and Tinubu, that no one remembers they’re contesting.


Please less pray for Nigeria

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