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•Sure I did, ex-gov insists

The brewing animosity between Governor Willie
Obiano of Anambra State and his benefactor, Peter
Obi, blew into the open yesterday after the
government publicly dismissed repeated claims by
Obi that he left N75 billion in government account
as untrue.

It said that contrary to the impression created by
Obi that he bequeathed a tidy purse, the Obiano
administration inherited only “N9 billion cash and
N26 billion near cash” as well as contract liabilities
to the tune of N185.1 billion.

But Obi, in a swift reaction yesterday, said the
government action was a deliberate attempt to
misrepresent facts.

Addressing reporters yesterday at the Government
House, Awka, the Secretary to the State
Government, Professor Solo Chukwulobelu, said
the clarification had become pertinent in view of
the ground the rumour of the N75 billion was
gaining in the social and traditional media in the

“The N75 billion was not there; it was not handed
over to anybody. At best it can be half truth,” he

He added: “In the real sense, what the Obiano
administration inherited from Obi was N9 billion
cash and N26 billion near cash.

“Based on the figures detailed above which are
taken from the handover notes from the previous
administration to the current administration, it is
evident that the actual and voluntary cash
investments made by the previous administration
amounts to approximately N35.5 billion consisting
of mobilisation paid on contracts for shopping
malls and hotels, cost of two business parks in
Onitsha, investments in Eurobonds, amongst a few

“Items such as counterpart funds held jointly with
domestic development finance institutions, land
contributions, FGN refunds differences in bank
balances and investments made directly by the
federal government on behalf of the three tiers of
government totaling approximately N39.5bliilon
have been reclassified as “illiquid
investments””FGN receivables” and “involuntary

“However, to provide a true and fair picture of the
state’s net position on March 17, 2014, the
investments handover notes ought to have
captured current liabilities and contingent liabilities
also borne by the previous administration as at the
time of handover.

“To put this context, the total portfolio of inherited
projects valued at approximately N185 billion was
however not captured in the breakdown of the
handover notes.”

Governor Obiano himself declared yesterday that
he is going for a second term in office “and nobody
can stop me.”

The governor, on an inspection of the Nkpor
section of the Onitsha/Enugu Expressway said: “I
am going to stay eight years in office and nobody
can stop me.”

He asked for the refund of the N25b which he said
the state government spent to rehabilitate federal
roads in the state.

N10billion was spent by the Obi administration and
the remaining N15billion by his administration,
Obiano stated.

Meanwhile, Obi’s spokesman, Mr. Valentine
Obienyem, said the State government was off the
course in denying that the last administration left
behind N75billion.

Obienyem wondered why it took government two
years to come up with its position.

He gave a breakdown of the funds purportedly left
by Obi as follows: N27billion in local currency
investment; N26.5 billion in foreign currency
investment; N28.1 billion in Certified State/ MDS

He said: “Even in the final handover document, Obi
deducted N10 billion approved federal government
refund as well as the salary, pension, gratuity,
money on certificates raised on contracts for the
month of March, which all amounted to N5 billion
before arriving at the balance of over N75 billion
he bequeathed his successor.

“As a financial expert, Obi went to his end of tenure
event with Gov. Willie Obiano and said all this in
the presence of all the Bank MDS in whose banks
the monies were.

“In fact, as at March 17th when he handed over, he
got all the certified statements of Anambra’s
accounts from the banks these monies were and
handed them over to his successor.

“If they were confused on where the monies were,
why would they not call Obi who kept them to
explain the whereabouts to them as much as he

On the liabilities allegedly left by Obi, Obienyem
described it as another misrepresentation of fact.

He said it was not that only the figures they gave
were incorrect Obi paid contractors owed by his
predecessors and did not owe a single contractor
before leaving office.

“Are they saying he should pay for contracts
awarded but not yet executed before he left office?

“Did his successor not run his campaign on the
premise of continuity before the people voted
him?”, Obienyem asked.

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Posted By Bobricky On 10:54 Sun, 15 Nov 2015

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