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Nairaland Forum / Nairaland / General / Politics / Peter Obi Left Me With N127bn Debt – Obiano (19985 Views)
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Peter Obi Left Me With N127bn Debt – Obiano by akelicious(m): 11:03am On Oct 18, 2017 |
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 N127bn when Obi left office in March 2014. Speaking in the Governor’s Lodge, Amawbia on Tuesday, Governor Obiano explained that his silence over the monstrous 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 so that he would concentrate on the delivering his promise of good governance to Ndi Anambra. According to him, the N127bn 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 wrong-foot his administration from the very first day. Governor Obiano further listed other disingenuous designs by his successor to make sure that his regime never really took off as 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 that Obi saddled him with and assured Ndi Anambra that the remaining 50 would soon be completed too. Governor Obiano’s revelation came on the heels of the growing inconsistencies in the figures being thrown up by former governor 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 N75bn cash to his successor to declare at the flag off of the PDP campaign in Onitsha yesterday that the actual amount he left when he handed over was N48,626bn. While delivering an address that has been mostly castigated by political analysts as suicidal, former governor Obi was caught on camera saying “when I was leaving this place, we left in savings N26bn. We set aside for important projects, N23,629bn. If you put the two together, it will come to N48, 626bn.” 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 former governor Obi’s so called N75bn handover are embedded all manner of moribund and toxic assets which the former governor 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 old Eastern Region 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 the former governor also reported that he had invested the sum of N3.5bn in Interfact Beverages Limited when in reality what he invested was N1.4bn only. This followed Governor 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 N9bn 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 of the federation. 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” N75bn cash handover include the N4bn estimated value of the land resources of Anambra State on which the oil installations of Orient Petroleum Resources stands which Mr Obi “cleverly” converted into the state’s http://www.akelicious.com/2017/10/breakingpeter-obi-left-me-with-n127bn.html?m=1 2 Likes 2 Shares
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Re: Peter Obi Left Me With N127bn Debt – Obiano by Mynd44: 11:36am On Oct 18, 2017 |
*laughs in one wristwatch* 20 Likes 3 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by brainpulse: 11:37am On Oct 18, 2017 |
I knew the guy must have embezzled a lot, If he could rent that Ikoyi's resident for hundreds of millions and travelling around the world. 18 Likes 3 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by merryossai(m): 11:38am On Oct 18, 2017 |
obiano enough of the talk much and do less. go to anambra state u will see sticker of Willie is working everywhere, with nothing to show in reality. just like gburugburu of Enugu, Willie is also useless, but I still believe he's gonna have a second chance, I just hope he makes the most of it in reality. 48 Likes 3 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Vizboy1: 11:38am On Oct 18, 2017 |
![]() 2 Likes 1 Share |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Youngsage: 11:38am On Oct 18, 2017 |
![]() Story for the gods... One of a kind. Mstchewww |
Re: Peter Obi Left Me With N127bn Debt – Obiano by oka4ugoo: 11:39am On Oct 18, 2017 |
Obiano na now you wan tell us say, Peter Obi left you with debt ehh... Election failure fall on you 53 Likes 1 Share |
Re: Peter Obi Left Me With N127bn Debt – Obiano by tonio2wo: 11:39am On Oct 18, 2017 |
And u kept quiet since? 23 Likes 4 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by lawal28c: 11:40am On Oct 18, 2017 |
waiting for som1 to bak diz man den i will know dat ya'all insulting BuBu are sentimental animals 1 Like |
Re: Peter Obi Left Me With N127bn Debt – Obiano by nwakibie3(m): 11:40am On Oct 18, 2017 |
Obiano has been told repeatedly by peter to publish the names of the construction companies the said 101 roads were awarded to, the names of the roads and the various amount being owed to them by Peter's admin but obiano couldn't do that. the question now is were the roads awarded to ghosts? Obiano should go and sit down. 79 Likes 4 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Penalty82(m): 11:41am On Oct 18, 2017 |
Obiano minus Obi = ano a Anambra n No get o Onye isi Anambra has no leader. 17 Likes
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Re: Peter Obi Left Me With N127bn Debt – Obiano by united4men: 11:41am On Oct 18, 2017 |
they all say the same thing as their excuse for not being productive 4 Likes |
Re: Peter Obi Left Me With N127bn Debt – Obiano by veraponpo(m): 11:41am On Oct 18, 2017 |
Politicians and lies. Peter Obi, the greatest liar in Nigeria. 1. I have one wrist watch; fat big lie- already busted 2. I dont have property any where- Ikoyi apartment is worth N250,000,000.00 3. Fashola deported Igbos because he does not love igbos- Big lie, Peter Obi deported people from Anambra before Fashola. Lies upon lies. Obiano too, the king of MOU. ![]() 1000 MOUs 2 projects ![]() ![]() ![]() 33 Likes 6 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Nobody: 11:41am On Oct 18, 2017 |
Useless Obi ![]() ![]() 4 Likes 1 Share |
Re: Peter Obi Left Me With N127bn Debt – Obiano by hezy4real01(m): 11:42am On Oct 18, 2017 |
I am confuse! You mean the same Peter Obi that we were clapping for @ The Platform chai....... lol 6 Likes 2 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by carpmam: 11:42am On Oct 18, 2017 |
Obiano may b slow in his projects, but he might b definitely saying d truth, peter obi is a confirm business man, he governed eight yrs without local govt chairmen nd councilors but conducted elections for obiano two months before d end f his tenure 3 Likes |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Throwback: 11:42am On Oct 18, 2017 |
Adaobi don fall for gutter yakata. See the clever estimated false assets recorded as cash. Well, if the Obiano himself could champion the false propaganda of Ugwu leaf IGR, then Obi must have mentored him well.
5 Likes |
Re: Peter Obi Left Me With N127bn Debt – Obiano by ibkgab001: 11:42am On Oct 18, 2017 |
Ok ooo |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Firefire(m): 11:42am On Oct 18, 2017 |
Obiano taking after Alh. Lie the Liar! 8 Likes |
Re: Peter Obi Left Me With N127bn Debt – Obiano by val4sure(m): 11:43am On Oct 18, 2017 |
A ploy to pocket more money 5 Likes |
Re: Peter Obi Left Me With N127bn Debt – Obiano by donklef(m): 11:43am On Oct 18, 2017 |
Una don start again baa ? The two Obi's don come again oh! |
Re: Peter Obi Left Me With N127bn Debt – Obiano by ibkgab001: 11:44am On Oct 18, 2017 |
Ok ooo so someone is frying ponmon |
Re: Peter Obi Left Me With N127bn Debt – Obiano by generalsteve007: 11:46am On Oct 18, 2017 |
NA DEM DEM |
Re: Peter Obi Left Me With N127bn Debt – Obiano by Nobody: 11:46am On Oct 18, 2017 |
Obiano must go! Simple. |
Re: Peter Obi Left Me With N127bn Debt – Obiano by bestview: 11:47am On Oct 18, 2017 |
This is war of facts. Where is globemoney? ![]()
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Re: Peter Obi Left Me With N127bn Debt – Obiano by michoim(m): 11:47am On Oct 18, 2017 |
You can see the many lies of Peter Obi, PDP in their characteristics manner claiming, that he is a saint and was never corrupt ... 4 Likes 2 Shares |
Re: Peter Obi Left Me With N127bn Debt – Obiano by lenghtinny(m): 11:48am On Oct 18, 2017 |
Politicians are the most unreliable creatures on earth |
Re: Peter Obi Left Me With N127bn Debt – Obiano by HIGHESTPOPORI(m): 11:49am On Oct 18, 2017 |
Mynd44:Obi worked,Obiano is working,no problem. All politics. 1 Like |
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