₦airaland Forum

bravehost4u:
You really tried hard to sound smart and I must commend you. However, what you defined is TOD (Temporary Overdraft).
An Overdraft can last up to 12 months or more and may be revolving depending on the terms of the offer letter.
Also know that Public Sector Financing does not following the regular business or personal lending schemes.
I hope I have educated you to a reasonable extent?

Pele o Teller Officer at Fidelity Bank, Onitsha Main Market Branch 1. TOD is what you feel is to educate your people. TOD ko, TOLD ni.

Overdraft CAN last up to 12 months but it lasted for 8 years in Obi’s government and the monthly interest is being paid till today. Obi that had money saved every month was still taking overdraft.

Show us the document that says the money borrowed is overdraft, Mr. Assumer General of Obi. Sebi Obi released some banking documents a few days ago. Highlight where any of those termed investments equate overdraft.

Na your follow-follow Obidients you educated. I am hundreds of years ahead of you in finance and anything.
And if you doubt it, display your cv here and I will display mine here and certificates.

Stop wrapping a rotten gift for us. We don’t want Obi.

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.

I think what he meant was, he borrowed the money but he didn’t spend it till he handed over to the incoming governor.

This doesn't make sense. If you borrow #10,000,000,000, the money already attracts interest even if you don't use the money. Let's say the interest is #3,000,000,000; that means you have to pay back #13,000,000,000 even when you didn't use the money.

This is not a judicious management of resources unless one has an ulterior motive. e.g I can borrow #10,000,000,000 and keep it in my bank account to earn interest for me. Let's say the interest earned is #1,000,000,000. I will return the #10,000,000,000 to the government account. When it is time to pay back the loan, the government pays back #13,000,000,000, meaning it loses #3,000,000,000 and I, the governor, gain #1,000,000,000

ogolemati:
you would have been happy he shared the money to touts

It would have even been better he shared it with touts because they are hungry people. But aka gum like him prefer for people to suffer than to release cash for their welfare. Tjst is how he also refused to pay workers and instead invested the money for private reasons and this is a heartless thing for someone who wants to become president of a country.

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

This slippery man speaks tongue in cheek as usual with him. He is not a straightforward fellow. Peter Obi is a liar!!! When asked -"Did you leave loans when you finished your term as Governor of Anambra State?" Peter Obi answers by saying- "You Can't Call A Borrowed Money Debt I Left When I Did Not Spend It". Meanwhile he did not return the borrowed money back to its source before leaving office and it does not commend itself to reason that the money will lie idle without attracting interest or repayment at some point when by virtue of the effect of inflation it would cost money to repay!!! Peter Obi is so desperate to be Nigerian President that he will lie that noon is 8pm even when he can see and feel the sun blazing hot!!! Anyone following such a character is unsafe and does not know that! Delusion describes the condition that afflicts such a fellow!! Delusion is a fatal phenomenon!
https://www.facebook.com/story.php?story_fbid=pfbid0vVQk7TCERK45uHqqC1jsvLx4EJA6euKPtq7CsVrKPiKSjdxkKQ7LxbYmvjvy3Ujgl&id=61558865737604&hpir=1

Who are the people supporting this man self. So, he borrowed money to keep or what? Nevertheless, no matter what you use the money for, a borrowed money is a borrowed money. There is no other name to call it.

abbasajao:
Who are the people supporting this man self. So, he borrowed money to keep or what? Nevertheless, no matter what you use the money for, a borrowed money is a borrowed money. There is no other name to call it.

His secret is out in the open! Peter Obi is a fraud! Some follow him because they hate the available alternatives. The majority follow him in delusion!!! Even this piece of evidence showing that Peter Obi is fraudulent will not deter them from following him! They are like the housefly that follows a dead body into the coffin and gets buried with the coffin! Delusion is a fatal phenomenon!
https://www.facebook.com/story.php?story_fbid=pfbid0vVQk7TCERK45uHqqC1jsvLx4EJA6euKPtq7CsVrKPiKSjdxkKQ7LxbYmvjvy3Ujgl&id=61558865737604&hpir=1

c3cc:
The sitting government was suppose to pay the debt if the former's tenure expired before the loan expiring date.
That's why continuity matters and it's working in USA.and UK. Obi is not liable

Have sitting government not paid debt owned my former president’s?

Are you saying you’ve ever saw the news of the sitting government paying previous debt?

Between $15 million and $30 million was secured by the Federal government for each state from foreign creditors. Obi didn’t touch his own but it kept growing due to interest rates. Case closed.

So Monday Soludo the vulture governor should now think of how to create jobs for Anambra people. His attempt to tarnish the image of the People’s Eagle has failed.

mycar:
It takes a fraud to know a fraud.

in case you are not intellectual inept, that your bank approves a loan of N1.5m for you and you only take N500k, does not amount that you are owing N1.5m

So th N500k you collect nko?

MrSly:
Did he borrow the money in the first place? He did not borrow the money and he did not spend the money. The whole scenario is clear but the blind won't be able to see it. Emilokan is a form of blindness.

Go through the Article, make sure you read and understand this time around please

ncoolsome:
Let me help you comprehend... Assuming a loan of 10billion was borrowed by him but he only spent 500 million and passed 9.5 billion to the next administration...

So shey The Agulu Fraud collect a loan of 500 Million or not?

doncartel:
Between $15 million and $30 million was secured by the Federal government for each state from foreign creditors. Obi didn’t touch his own but it kept growing due to interest rates. Case closed.

You don let Obi fool you

FG no fit force a loan on any State

AndroBlaze:
Everybody should please remember that this statement came from a man who was a chairman of a top bank in Nigeria.....when I say Nigeria is let down and is in this position because of the kind of "elite" we produce, people will say I am not patriotic, chai.....coming from a banker....... chaiiiiiiiiiiiiiii

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?

Legitiscool:
Obi too dull

Container metrics economist

Mix beer parlour mathematician plus eyimba emotions you have obi

Jokay07:
It is called LOAN, not because you have not spent it but because you borrowed it.
Even if you leave the money in your account for 90 years, it is still a borrowed money

Alliswell248:
Are you OK Sir?

Borrowed money is a debt.

Why borrowed in the first instance if you dont need it.

The borrowed money attract interest which the state must pay.

See the packaged fr@ud some people want to force on us

No vacancy in Aso rock till May 2031

Jokay07:
Which one be technically correct?

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

NinjaMetahuman:
Huhh


This man is even dumber than I Give him credit for.

DennisEche:
Obi too talk, you borrow abi you no borrow, you owed salary or you no owe.

Zehdbe:
obidients come see wuna president, abeg see person wey wuna wanqt for us

EponObi:
Lmaoooo... omo!

Even agberos no fit think this way.

Behold the presidential candidate of a nation with more than $285 billion in GDP.

How people like Aliko Dangote, Elumelu wan see this and take him serious? I bet they won't be surprised. Person wey no sabi the meaning of KPI

No wonder his followers think they way they do.

Just give him mic, na him go dey demarket himself dey go.

Him don enter another Soludo trap like that. Soludo go too cook this guy.

Zehdbe:
obidients come see wuna president, abeg see person wey wuna want for us

EponObi:
Lmaoooooo... Omo!

Even agberos no fit think this way

Iyobaba:
Obi can't say this, he knows better to say something like this as a former chairman of a bank

This as to be AI, if not

How did he become the chairman of a bank !

It definitely wasn't on merit 😂😂😂😂

ogolemati:
you would have been happy he shared the money to touts

yarimo:
And you won't pay where you collected the money to it owner again or what ? Very unfortunate peter obi madness has started again

omenka:
What Gringori is implying here is that, IF he, for instance, becomes the president of Biafra and his government approaches a lender with a demand of, say, £10000, and the lender approves and pays the money into the governments account, the government hasn't taken a loan of £10000 until they spend £10000!!

YET, someone sits somewhere and tell me this man is "intelligent" and remains the saviour Nigeria desires!

Good grief. 😪

Parachoko:
According to the Fraud, Just because you have not spent from the loan in your account, then it's not a loan and Palmpay dont have the right to ask for it when it's time for you to start paying

Parachoko:
Shey The Fraud truly talk this kin rubbish or he's misquote?

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.

omenka:
Ladies and gentlemen, behold the depths of the mental strength of the NDC Presidential Candidate, Gringori Obi.

Can we get a round of applause please! 👏👏

I have copied the below for those of you that can read and comprehend not the ignorant ones:

"As Governor of Anambra State, I did not approach any financial institution to borrow funds or issue a bond on behalf of the state. Indeed, at his farewell ceremony, the then Director-General of the DMO, Abraham Nwankwo, appointed me chairman and declared that, during his 10 years in office, I was the only state governor who had not approached him for a loan facility.

When I left office, the Anambra State Government owed no unpaid salaries, gratuities, or pensions. Neither did it owe any contractor or supplier who had completed work that the government had verified and certified.

Regarding development financing from the World Bank, these are concessionary development-support funds secured by the Federal Government for states selected by it to address specific needs. Repayment is spread over 25 to 30 years.

The Anambra State Government must therefore differentiate among three separate figures: the total amount approved for the multiyear development program; the amount Anambra State actually drew during my tenure; and the funding balance outstanding when I handed over on 17 March 2014."..

https://www.nairaland.com/8754676/governors-support-whomever-want-obi

As you all can see from above that the loan in question was secured by the Federal Government for State Government and not that Peter Obi requested the loan himself...

Anyways, your tears are very delicious, we want more tears and more fake news to make our beloved Peter Obi more popular...

PulaPower:
Have sitting government not paid debt own my former president’s?

Are you saying you’ve ever saw the news of the sitting government paying previous debt?

The point is that Peter Obi lied that he left no debt in Anambra State when he finished his term as Governor. Rather than apologise he is splitting ears. He is a a grossly dishonourable person and his wife and children and followers should be ashamed of him. Just so that they stand with him in the cesspool where he has always been then one does not need further evidence that they are in delusion! Delusion is a fatal phenomenon!
https://www.facebook.com/story.php?story_fbid=pfbid0vVQk7TCERK45uHqqC1jsvLx4EJA6euKPtq7CsVrKPiKSjdxkKQ7LxbYmvjvy3Ujgl&id=61558865737604&hpir=1

KingOfAmebo:
I have copied the below for those of you that can read and comprehend not the ignorant ones:

"As Governor of Anambra State, I did not approach any financial institution to borrow funds or issue a bond on behalf of the state. Indeed, at his farewell ceremony, the then Director-General of the DMO, Abraham Nwankwo, appointed me chairman and declared that, during his 10 years in office, I was the only state governor who had not approached him for a loan facility.

When I left office, the Anambra State Government owed no unpaid salaries, gratuities, or pensions. Neither did it owe any contractor or supplier who had completed work that the government had verified and certified.

Regarding development financing from the World Bank, these are concessionary development-support funds secured by the Federal Government for states selected by it to address specific needs. Repayment is spread over 25 to 30 years.

The Anambra State Government must therefore differentiate among three separate figures: the total amount approved for the multiyear development program; the amount Anambra State actually drew during my tenure; and the funding balance outstanding when I handed over on 17 March 2014."..

https://www.nairaland.com/8754676/governors-support-whomever-want-obi

As you all can see from above that the loan in question was secured by the Federal Government for State Government and not that Peter Obi requested the loan himself...

Anyways, your tears are very delicious, we want more tears and more fake news to make our beloved Peter Obi more popular...

Don't let Peter Obi fool You

The FG can't force a loan on a State

If a State no apply, the state won't get a kobo from the money

FG can't get a loan and send it to all the 36 States. Each State will apply to get the funds

Obi applied to get the fund, thats why the FG sent it to the Anambra State Government

Parachoko:
So th N500k you collect nko?

That's what should be attributed

mycar:
That's what should be attributed

Is the 500k a Loan or Not a Loan?

omenka:
Ladies and gentlemen, behold the depths of the mental strength of the NDC Presidential Candidate, Gringori Obi.

Can we get a round of applause please! 👏👏

Peter Obi is an intellectually fraudulent person! He represents about the most sophisticated in the class of the fraudulent!!! I guess Bishop Onaiyekan who takes Peter Obi's confession will tell him he has nothing to confess to! I doubt if Obi Ezekwesili will buy this knowing her for who she is! Prof Pat Utomi who used to advise one of the most corrupt governments Nigeria ever had when Shagari was President and did not resign, can, understandably, stomach the fraudulent representation of Peter Obi.
https://www.facebook.com/story.php?story_fbid=pfbid0vVQk7TCERK45uHqqC1jsvLx4EJA6euKPtq7CsVrKPiKSjdxkKQ7LxbYmvjvy3Ujgl&id=61558865737604&hpir=1

DonWinaman:
It would have even been better he shared it with touts because they are hungry people. But aka gum like him prefer for people to suffer than to release cash for their welfare. Tjst is how he also refused to pay workers and instead invested the money for private reasons and this is a heartless thing for someone who wants to become president of a country.

did you know that agbero chairman has not recovered 1/2 of what he shared to you touts.now you are all paying with high cost of everything. Look at the kind of wish you have for your country . Until agbero chairman recovers what he gave to you touts nothing is going to work.triple the price of everything as of today if Agbero chairman is smuggled back

SmartyPants:
Lol. You have tried but ultimately still going round in circles because nonsense is very difficult to defend.

You don't even know whether you are arguing that he did not draw down the debt or that the debt was low/zero interest so it doesn't matter in the first instance.

Furthermore, you don't know whether your claim is that the debt was low interest or no interest. Which exactly?


That low/zero cost loans can be invested in bonds. And so? Did Peter invest the one he took in bonds? He said he didn't use it at all.

So come back when you know which angle of defense you want to adopt specifically so we can then engage on particular facts.

You ended up typing nothing, like you said, I tried but it was quite beyond your comprehension. since you ended up saying nothing. I actually don't have time to respond to "nothing"

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.

🤣🤣🤣🤣. The fraudster knew jolly what he was about when he made that deceitful comparison. In the Anambra situation he seeks to address he said he did not spend a kobo of the approved loan while in the hypothetical example he sets up he spent sum of the loan and surely would not be required to repay only the amount drawn down and not all! Peter Obi is so overtaken in delusion he thinks all else aside from his deluded followers are as mistaken about the external reality of things as they are.

Parachoko:
Is the 500k a Loan or Not a Loan?

If you collected a loan to pay for your child's tuition fee with the caveat that your child will repay the loan when he or she starts earning money, does that automatically mean that your child collected a loan?
who should the loan be attributed to?

mycar:
If you collected a loan to pay for your child's tuition fee with the caveat that your child will repay the loan when he or she starts earning money, does that automatically mean that your child collected a loan?

Which kin talk be this?

Are you saying Obi collected the loan and told the FG the next Governor will start repaying the loans?

Parachoko:
Go through the Article, make sure you read and understand this time around please

This advise is for you.

omenka:
Ladies and gentlemen, behold the depths of the mental strength of the NDC Presidential Candidate, Gringori Obi.

Can we get a round of applause please! 👏👏

What did he say that is a lie. Oga you are the slow one

EponObi:
Lmaoooo... omo!

Even agberos no fit think this way.

Behold the presidential candidate of a nation with more than $285 billion in GDP.

How people like Aliko Dangote, Elumelu wan see this and take him serious? I bet they won't be surprised. Person wey no sabi the meaning of KPI

No wonder his followers think they way they do.

Just give him mic, na him go dey demarket himself dey go.

Him don enter another Soludo trap like that. Soludo go too cook this guy.

You are the slow one here.

Parachoko:
Which kin talk be this?

Are you saying Obi collected the loan and told the FG the next Governor will start repaying the loans?

The loans were approved by FG during Peter Obi time as a governor for intervention programs and projects, some were executed during his time as a governor and the rest during other the time of the other governors.

It is just like saying if FG loaned money to share to the states, when FG gets money to share to the states, FG will first settle the loan collected and share the remaining one to the states.

Meaning that, the loan should not have existed if FG was able to meet it's obligations.

Nigeria government is all about borrowing & debt stories.
It isn't news anymore

omenka:
Quoted VERBATIM!

E shock you too abi?😆

Go and sit down you don't have any talk.

Jokay07:
It is called LOAN, not because you have not spent it but because you borrowed it.
Even if you leave the money in your account for 90 years, it is still a borrowed money

Not true he didn't draw down on the loan so it cannot be counted.