How Obiano Received N75 billion, Left Behind N300 million

It emerged on Tuesday that out of the N75 billion savings left behind by the Peter Obi administration that the Willie Obiano was able to transfer an estimated N300 million of the savings to the Professor Charles Soludo administration.

Governor Soludo gave an insight into the finances of the state on Arise Television, saying that the state’s economy is not robust and that from the audited account of the state ending December 31, 2021, there is about N300 million to N 400 million cash in various banks and about N1.5 billion debt.

He said: “In terms of finances, there is detailed audited account which is a public document and anybody can assess it. The audited account up to 31st December, 2021 has been published. It contains our assets and liabilities as at the end of the year.

“Everybody knows that the state finances are not robust. We have debt of 100 and something billion as debt and about 300 million cash. But we will still have reconciliation to make for the period between January and the day we were handed over. There is also contractor debt contingent liabilities. That is the baseline.

“We intend to be publishing our accounts for everybody to see and what our money is used for.

GreenWhiteGreen GWG reports that Obiano on the other hand received N75 billion from the preceding administration of Peter Obi and no debts received as the Obi administration had settled all contractors, gratuities and pensions as at the time it left office.

Obi had through his spokesman Valentine Obienyem stated what he left behind thus:

”Obi left N2,139,951,400 billion in First Bank (Acc no. 2018779464) for Oko erosion; N4,909,576,925.98 billion in Sure-P Diamond account (0026290200);  1,782,568,032 billion in UBEC 1 Diamond  account(0023484282); N2,101,864,766 billion UBEC 2 Diamond Account (0031151473); over N4 billion  in many MDG accounts one of which was the N3,048,355,196  billion in Fidelity Bank (5030047097); over 35 billion Naira cash (set aside funds added) in all the banks.

”Obi also left $156 million in Fidelity Bank ($56 million); Diamond Bank ($50 million); and Access Bank ($50 million).

”If left as Anambra’s Future Growth Funds as conceived by Obi, the money with interest and accruals would have been about 200 billion Naira, but Gov. Obiano has sold all of them. In fact, it was one of the disagreements about the sale that led Mr. Oseloka Obaze to resign.”

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