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N25b Refund Pits Ubah Against Obiano - Politics - Nairaland

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N25b Refund Pits Ubah Against Obiano by Africonji: 7:34am On Nov 23, 2020
• Senator threatens legal action

The Federal Government’s N25b refund to Anambra State for its rehabilitation and reconstruction of federal roads has pitted Senator Ifeanyi Ubah (Anambra South) against Governor Willie Obiano.

Senator Ubah, at a news conference yesterday, gave Obiano 72 hours to address the people on why he discounted the promissory notes with about N8 billion ahead of their maturity dates.

Ubah threatened to sue the government if Obiano fails to heed his request.

The promissory notes were issued to Anambra State by the Debt Management Office (DMO) in December 2018 and April 2019 to the tune of N10.097 billion and N15.146 billion. They had maturity dates of December 28, 2020 and April 1, 2022.

Commissioner for Information and Public Enlightenment C-Don Adinuba, in a statement, denied that the state raised money from ‘the DMO or the Federal Ministry of Finance under a bond, or any financial instrument from any institution or organisation’.

But Ubah, who had documents to support his claims, insisted that the N25 billion was expected to be paid in two instalments.

He lamented that of the amount, only N16.1 billion was realised by the government after Obiano discounted the promissory notes at 15 and 13 per cent, through a commercial bank.

According to him, the state lost N8.85 billion after the promissory notes were acquired at discounted rates.

He said: “The governor paid banks over N8 billion to cash out the promissory notes before their maturity dates, thereby ensuring that Anambra lost the amount from the transactions.”

According to the documents obtained from the DMO by Ubah, the amount and tenor of the first promissory note was N10,097,722,436.90 and issued on December 28, 2018, with a maturity date of December 28, 2020.

The second promissory note of N15,146, 583, 655.00 was issued by the DMO on April 1, 2019, with a maturity date of April 1, 2022.

The letter from the DMO to Ubah reads: “…these were the only promissory notes issued to the Anambra State government which fully settled the outstanding claims of the state as approved by the Federal Executive Council and the National Assembly.”

Ubah also alleged that ‘in order for Governor Obiano to cash out on the N25 billion that hadn’t matured, he terminated the deal by giving up 15 and 13 per cent of the total sums per annum.

He added: “The governor paid about N3 billion in bank charges for N10 billion on the first promissory note and N4.5 billion on the second promissory note of N15 billion.”

The lawmaker, however, vowed to petition the House of Assembly and sue the governor should he fail to explain to the people why he threw away N8 billion in his rush to cash out the money before the maturity dates.

He also told the governor to explain what he did with the N16 billion he collected after making the state lose N8 billion as discounts, and why he allegedly lied about the funds.

https://thenationonlineng.net/n25b-refund-pits-ubah-against-obiano/

9 Likes 2 Shares

Re: N25b Refund Pits Ubah Against Obiano by omodaamola: 7:38am On Nov 23, 2020
Hmmmm

1 Like

Re: N25b Refund Pits Ubah Against Obiano by Africonji: 7:39am On Nov 23, 2020
Senator Ifeanyi Uba must expose the attempt by Willie Obiano and his cronies to loot N8.85-billion naira out of the refund rightfully belonging to the state. Ndi Anambra wake-up before Obiano loots the state dry right under your noses. Willie Obiano must cough out every single kobo he has stolen. Mark my words. angry

74 Likes 3 Shares

Re: N25b Refund Pits Ubah Against Obiano by slawormiir: 7:42am On Nov 23, 2020
Damnnn niggarrrr
Isoright....see niggarrrrs above and below me lambasting willie willie as if they themselves are saints


These people will do worse if you give them the chance

Bunch of hypocritical moda fuckkkers everywhere in Nigeria..
The reason why corruption is not a thing of the past in Nigeria is because we don't actually hate corruption the way we pretend to....we are just pretending to hate corruption because we are not the ones carrying out the corruption

23 Likes 3 Shares

Re: N25b Refund Pits Ubah Against Obiano by Nigeriabiafra80: 7:43am On Nov 23, 2020
The worst thing that happened to anambra is obiano
Upon all the revenue,he can’t Erect a single project
Just sharing money from community to community
No development
Though I won’t tell you he is also a drunkard

49 Likes 3 Shares

Re: N25b Refund Pits Ubah Against Obiano by BecomeALandLord(m): 7:43am On Nov 23, 2020
Ok
Re: N25b Refund Pits Ubah Against Obiano by Muhylonaire007: 7:43am On Nov 23, 2020
Ok
Re: N25b Refund Pits Ubah Against Obiano by Olawumi1032(f): 7:44am On Nov 23, 2020
Another one
Re: N25b Refund Pits Ubah Against Obiano by nautybride: 7:44am On Nov 23, 2020
Our leaders are leading themselves with looting as the order of the day. Wasteful people.

7 Likes

Re: N25b Refund Pits Ubah Against Obiano by Mordecai(m): 7:46am On Nov 23, 2020
shocked

There is something wonderful about states that have had their governorship office independent of whichever party runs the centre.

Anambra has attained it.

It can clearly be seen how it pays off. There are no godfathers to pander to. The system begins developing and little by little, the tin gods disappear and accountability sets in. People begin asking questions and answers must be given.

If now, Obiano does not want to be accountable, he can easily join the party at the centre and regale himself with impunity.

That is why we need the system restructured.

Corrupt people will always exist, sometimes at the helm of affairs. But a good system places real checks and balances on their activities.

Thank you Ifeanyi Ubah for asking the questions the State House of Assembly should have been asking.

It only remains to be seen whether Obiano has enough sobriety to respond to the demands.

29 Likes

Re: N25b Refund Pits Ubah Against Obiano by lagbonduku: 7:46am On Nov 23, 2020
if u sue dem, shey na u go give judgement ni?
Re: N25b Refund Pits Ubah Against Obiano by Cantonese: 7:46am On Nov 23, 2020
But I used to think that Obiano was an APC man in the coat of APGA. Anyway Obiano has been working very well in Anambra state. Ubah eyes that seat.

1 Like 1 Share

Re: N25b Refund Pits Ubah Against Obiano by ACRI: 7:46am On Nov 23, 2020
Can you imagine?

Where is that online rascal we need his comment on this...

He's the media guy for the state government

13 Likes

Re: N25b Refund Pits Ubah Against Obiano by dahnimoh(m): 7:48am On Nov 23, 2020
GOOD

1 Like

Re: N25b Refund Pits Ubah Against Obiano by EasternActivist: 7:48am On Nov 23, 2020
Shameful act by obiano if true

7 Likes

Re: N25b Refund Pits Ubah Against Obiano by Zurich1844(f): 7:49am On Nov 23, 2020
When a thief decides to fight a fellow thief because the later is smarter! Ndi ala nabu!

1 Like

Re: N25b Refund Pits Ubah Against Obiano by GreaterFuture(m): 7:50am On Nov 23, 2020
Politicians Polithiefians... The Accuser and The Accused are Birds of a Feather.

Soybeans and Maize available for Sale in large quantities and Tonnes. If you are serious and Ready, Pls Hit me up. One-click contact in Signature.
Re: N25b Refund Pits Ubah Against Obiano by ABlAstate: 7:50am On Nov 23, 2020
[s]
Africonji:
Senator Ifeanyi Uba must expose the attempt by Willie Obiano and his cronies to loot N8.85-billion naira out of the refund rightfully belonging to the state. Ndi Anambra wake-up before Obiano loots the state dry right under your noses. Willie Obiano must cough out every single kobo he has stolen. Mark my words. angry
[/s]


Your Abia state is the worst and most backward state in Nigeria but you are never bothered but worried about a progressive Anambra. See the face of Abia but our Abia people are busy chasing shadows like Nnamdi kanu. Even the dustbin governor of Abia is confused as a governor because the entire Abia state is now dilapidated and filthy.

6 Likes

Re: N25b Refund Pits Ubah Against Obiano by InvertedHammer: 7:52am On Nov 23, 2020
/
This is how a State progresses. Arthur Ezeh tackles Obiano. Sen. Ifeanyi Ubah tackles Obiano with facts. Obiano knows that all eyes are on him.

Why is it that nobody is tackling the governors of Abia and Imo? The whole indigenes of these two states appear zombified under some spell. Governors should not be left to carry on like emperors.

/

24 Likes 2 Shares

Re: N25b Refund Pits Ubah Against Obiano by money121(m): 7:53am On Nov 23, 2020
K
Re: N25b Refund Pits Ubah Against Obiano by rawtouch: 7:53am On Nov 23, 2020
cool

them don die the money
Re: N25b Refund Pits Ubah Against Obiano by Minaak47(m): 7:54am On Nov 23, 2020

https://www.youtube.com/watch?v=gN4psDJY3TY
Re: N25b Refund Pits Ubah Against Obiano by gwafaeziokwu: 7:56am On Nov 23, 2020
I love this. Accountability matters a lot in governance. This is what opposition is all about. Obiano better have a good explanation for this.

Why was he in a haste to cash out and in the process made ndi Anambra to lose 8 billion in this hard times. Was he having bugdet deficit and needed quick fix?

The electorate deserve to know. Thank you Sen. Ifeanyi Uba for bringing this to the fore, even though we all know it was politically motivated. But then squabbles between politicians are meant to favour the voting public in a progressive democracy.

13 Likes 1 Share

Re: N25b Refund Pits Ubah Against Obiano by Pio44: 7:56am On Nov 23, 2020
Abia and Anambra is same, they have d worst Governor so far, no good road, poor infrastructures, go upper iweka u will understand, enter main market u will see all bad it is

4 Likes

Re: N25b Refund Pits Ubah Against Obiano by ABlAstate: 7:56am On Nov 23, 2020
InvertedHammer:
/
This is how a State progresses. Arthur Ezeh tackles Obiano. Sen. Ifeanyi Ubah tackles Obiano with facts. Obiano knows that all eyes are on him.

Why is it that nobody is tackling the governors of Abia and Imo? The whole indigenes of these two states appear zombified under some spell. Governors should not be left to carry on like emperors.

/


The highlighted part is the point. Anambra is a very progressive state with decent opposition parties and informed citizens, but what do you get from a cursed backward shithole like Abia- Ochendo and Ikuku and fat incompetent governor Okezie shares the state allocation in Abuja before it get to Abia state. No wonder Abia state is the most backward state in Nigeria. Incidentally, the OP is from same cursed worthless shithole Abia state.

1 Like

Re: N25b Refund Pits Ubah Against Obiano by OAUTemitayo: 7:57am On Nov 23, 2020
InvertedHammer:
/
This is how a State progresses. Arthur Ezeh tackles Obiano. Sen. Ifeanyi Ubah tackles Obiano with facts. Obiano knows that all eyes are on him.

Why is it that nobody is tackling the governors of Abia and Imo? The whole indigenes of these two states appear zombified under some spell. Governors should not be left to carry on like emperors.

/
South East indigenes rarely tackles their Governors.
Can you see how the thread is dry? Just change the headline to Lagos or Tinubu, you will see same people ignoring their leader's recklessness flocking here.

4 Likes

Re: N25b Refund Pits Ubah Against Obiano by MickzyDonald: 7:57am On Nov 23, 2020
I must snap this

1 Share

Re: N25b Refund Pits Ubah Against Obiano by ABlAstate: 7:58am On Nov 23, 2020
[s]
Pio44:
Abia and Anambra is same, they have d worst Governor so far, no good road, poor infrastructures, go upper iweka u will understand, enter main market u will see all bad it is
[/s]

I am from Abia state, but to be fair, Anambra is like London compare to the shithole Abia state. Anambra has some of the best road networks in Nigeria. Anambra is among the top most progressive and developed states in Nigeria. Abia state on the other hand is about the worst and most backward state in Nigeria. Fact

This is Upper Iweka you talked about, at day and night. I know you haven't crossed River Niger before

7 Likes 1 Share

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