₦airaland Forum

AndroBlaze:
That is not the point of contention, the man said and still says he "did not borrow".

Also after finally admitting that he did contract "loans", he now says he did not fully draw down and left enough money in the bank to pay those loans back.

Don't add more pepper by claiming the money was only released to his successors, which is not true and to be fair, he has not claimed that (at least yet).

Go and read the full statement of your Saint and the only man who knows what the meaning of "loans" and "debts" are.

If father cannot pay for his child's tuition fee and the father enrolled the child to the federal government loan scheme, after graduation and the child start working, who will pay the loan?

Mrexcell:
Obi is actually technically correct.

so if I borrow 5 million naira from u n I didn't spend it for 10 years

That means I am not oweing u n u have no right to tell anyone I took money from u.

That's what obi is implying.


I know for sure if this exact scenerio happens to u in real life the person go collect but here u are supporting it cos u want your brother as president so anything he says u must defend it

It's sickening bro

PHIPEX:
You are naive, if you request for a loan and you did not take the money, are you indebted to the bank? Loan application is different from signing off the loan and drawing it down.

The question is. If Obi did not draw or spend the money, who spent it?

but it has been sent to the government account right?

blackmantis:
I borrowed money on palmpay, I have not yet spent it oh. But they have started calling to remind me to pay back my debt.

I think I can relate.

Do u know what overdraft means..?

Go to bank and ask them

I have an overdraft of 1000 pounds, I only get charged interest on the part I spend. If I don't spend our of it, I don't get charged and the overdraft is always there.

greatiyk4u:
Do you understand why he didn't use it?
Isn't that next Governor who used the money the one to pay it back? Why report that as a debt Obi left behind which is the main topic here not wether money was borrowed or not

But he was the one that borrowed it. It's his debt and not his successor's debt.

blackmantis:
I borrowed money on palmpay, I have not yet spent it oh. But they have started calling to remind me to pay back my debt.

I think I can relate.

If your story is true, it makes no sense you borrow money down and have not spent #1 inside ..
The moment you touch #1 inside that loan it becomes your debt ... Obi is wrong on that ground

But you, your case no make any sense borrowed money unused, they ask you to pay back you refused.

Your unused debt is adding interest .. So you need mental check, payback if you dont need it

greatiyk4u:
The answer to your question is in the post if you can read it slowly......You borrowed money for a business and left the money and the business for someone to manage and pay back, will that debt be still referred to a debt after over 13 years you left while the money was withdrawal and used?

who borrowed the money?

Who signed out the money?

What's d bank business with who u hand it over too?

U took the money n that's all

Y are u people suddenly acting dumb just to defend obi, guy u can do better than this.

Once u borrow money from someone it's already a loan, nobody cares what u do with the money

The reality is that u borrowed money

omenka:
https://www.instagram.com/p/Ddr2csYjCIW/?stkn=d29rZWw4cGExaG1n

"As at the time I assumed office of the state, on our foreign debt recorded, it was about $18m, as at the time I left office, in March, 2014, our foreign debt position was about $30m..."

*I thought he said he didn't leave any debt?

He who lie shall steal! This guy is a fraud. pic.twitter.com/6yDhFIsVXT

— 𝔄𝔣𝔬𝔩𝔞𝔟𝔦 𝔄𝔟𝔦𝔬𝔡𝔲𝔫 🎖𓃵 🇳🇬 (@afolabiodun) September 25, 2026

You can add to OP

jaxxy:
Interest is charged over time or duration agreed. It the time hasnt been spent the money can be returned.

This is government loans not ur random loan sharks that charge anyhow.

Interest will not be charge on overdraft untill there is a draw down
.and only the specific amount drawn is charged interest

Jokay07:
Which one be technically correct?

Oga you borrow money abi you no borrow? Yes or No?

Let them be defending what its not defendable...

Nicklee:
Obi is technically correct if he is talking about a line of credit. He needs to clarify this.

If so-called 'debts' were indeed lines of credit, then until they are drawn, you can't call it a loan. Even after you start drawing, only the amounts drawn convert to a loan. The rest simply stay on as credit lines.

But this concept should be easy to explain. Obi's explanations were a tad confusing.

There is virtually no need for any explanation.

I am talking from the standpoint of invaluable experience.

Let the traducers who are accusing produce the offer letter committing drawdown on the loan an irrevocability at the outset.

bigpicture001:
Interest will not be charge on overdraft untill there is a draw down
.and only the specific amount drawn is charged interest

Ok that Clarify it.

🤣🤣😂😂😅😅😂😂😂🤣
😅😅😂😂🤣😂😂😂😅😅😅
Giringori no go keeeeee person
You borrow money wey get interest
No touch the money, call am savings
Your Brain no tell you say
Na gbese you dey put incoming government into......?
Which kind juju economics be that

Let's assume this is even true. So this guy took a loan that will accrue interest but did not use it. So what was the point of burdening the state with those interest payments?

At best, he has unwittingly admitted to being a thoroughly incompetent administrator.

BATified2023:
who borrowed the money?

Who signed out the money?

What's d bank business with who u hand it over too?

U took the money n that's all

Y are u people suddenly acting dumb just to defend obi, guy u can do better than this.

Once u borrow money from someone it's already a loan, nobody cares what u do with the money

The reality is that u borrowed money

So, if your bank sends you alert that you have been approved to borrow up to N10m as they usually do, does that mean that you are owing the N10m if you decided to borrow N100k out it?

tomorrow you will say that education is scam

BATified2023:
who borrowed the money?

Who signed out the money?

What's d bank business with who u hand it over too?

U took the money n that's all

Y are u people suddenly acting dumb just to defend obi, guy u can do better than this.

Once u borrow money from someone it's already a loan, nobody cares what u do with the money

The reality is that u borrowed money

Stop disgracing yourself here

This is a technical argument and not lotto or baba ijebu.

Or are you practicing clowning?

Did follow and listen to the full interview?

emkz:
Peter Obi. Enough with the interviews.

You use your own interviews to undermine yourself.

This thing you have said now, how does it make sense?

What the demented Peter Obi is saying in effect is that those loans were not utilized but he simply converted them to the savings he has been boasting about. So in essence, there was actually no real savings he left for the state.

Peter Obi obviously started yahoo yahoo in Nigeria.

You will see all the data boys...😂 Lol

fnep2smooth:
Then let the palmpay take back their money or is there anything wrong with that

.

They won't just take back their money,they will also collect interest,and this interest accrues daily...

So definitely, it is a debt right from the moment the transaction was concluded...

Legitiscool:
Obi too dull

Container metrics economist

Mix beer parlour mathematician plus eyimba emotions you have obi

Stop embarrassing yourself, You apply for a loan, it was approved, yet you didn’t spend it, the question you should be asking is who eventually spent the requested loan amount, because after Obi, there was someone before Soludo, use your head, it’s simple logic

Data Boys will not read that part.... Shamless fool


According to Obi, “The day he left office, for his send-forth party, he invited me as the chairman and he announced to everybody at that party that the reason why he made me chairman is because I was the only governor in Nigeria who never came to his office for approval to borrow money.”

SmartyPants:
Let's assume this is even true. So this guy took a loan that will accrue interest but did not use it. So what was the point of burdening the state with those interest payments?

At best, he has unwittingly admitted to being a thoroughly incompetent administrator.

He did not take the loan, there is a big difference between loan approval and taking the actual money.
You can apply for a loan now and it gets approved, your lender will only debit you when you draw the money and even if it's true, such loans are low or zero interest loan, you can invest the money in government bond that will generate interest that will pay up the with more than enough left to you to become extremely rich and why do you think that all the countries in this world borrow money,
Love him or hate him, he is an intelligent businessman.

if his successors were as intelligent as him, Anambra state would have been the better off today.

Under him, Anambra became an oil producing state.
He was able to get approval for those low interest loan. If we really want this country to move forward, we should learn to see good in others, it will not make you less of a man

BATified2023:
so if I borrow 5 million naira from u n I didn't spend it for 10 years

That means I am not oweing u n u have no right to tell anyone I took money from u.

That's what obi is implying.


I know for sure if this exact scenerio happens to u in real life the person go collect but here u are supporting it cos u want your brother as president so anything he says u must defend it

It's sickening bro

This is not a borrowing between individuals but a state govt and a financial institution the scenario u are painting is quite different.

kennethovic7:
Stop embarrassing yourself, You apply for a loan, it was approved, yet you didn’t spend it, the question you should be asking is who eventually spent the requested loan amount, because after Obi, there was someone before Soludo, use your head, it’s simple logic

now use your head and tell me how you can take loan you know you won't spend

Is that not corruption itself/ setting another man to be steal what he didn't bargain for

Na him and him successor know what they are sharing with that loan cos that's what corrupt outgoing govs do

emkz:
Peter Obi. Enough with the interviews.

You use your own interviews to undermine yourself.

This thing you have said now, how does it make sense?

he needs to keep sounding like he is transparent or know something

Only to reveal his emptiness, his followers will overlook as usual because these are not really what makes them follow him

They follow him because he claims he is humble, accessible, and any other showboating optics that is good for the grams

I and my family will vote Obi

I don't need any further campaigns
mind already made up since 2022 so no propaganda can change it

Why does this man like keeping public money in banks instead of using the funds for projects execution?

blackmantis:
I borrowed money on palmpay, I have not yet spent it oh. But they have started calling to remind me to pay back my debt.

I think I can relate.

Then return their money o, so that it won’t be written against your name as debt because bank can’t reverse or recall such money as not being owed again.

Obi don buy makeeti. See how their president reasons.

anonimi:
Obi is very correct in this instance- you don't owe money on a loan that you have not drawn down.

The question for Soludo is to confirm how much Obi drew down from the approved loans and whether it corresponds to the debt amount allegedly left behind in 2014,

How come DMO wrote it against him?

Just dey there dey talk wetin you no know.

Any debt written against any governor means the governor has taken the debt.

Intention to take debt can’t be used to write debt against you. Obi sef would have shouted before he left office. After all, his Accountant General would usually receive the state’s debt balances from DMO, Abuja, every month.

You guys are just trying to cover one lie with another lie.