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Obiano, Obi In War Of Words Over N75bn Handover Claim

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Peter Obi-Willie ObianoThe political animosity between Governor Willie Obiano of Anambra State and his benefactor, ex-Governor Peter Obi, took a different dimension yesterday as the State Government publicly dismissed repeated claims by Obi that he left N75 billion in the state coffers as untrue.

It said contrary to the impression created by Obi that he bequeathed a tidy purse for his successor, 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 the former governor in a swift reaction yesterday, said the government’s 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 necessary in view of the rumour flying around in the social and traditional media space that Obi left behind N75 billion.

He said: “The N75 billion was not there; it was not handed over to anybody. At best it can be half-truth”.

Chukwulobelu said it took the state government this long to reply to the claim in order to put the rumour finally to rest, urging the public to discountenance the claim because it does not exist.

He said: “In the real sense, what the Obiano administration inherited from Obi was N9billion cash and N26billion 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 N35.5billion consisting of mobilization paid on contracts for shopping malls and hotels, cost of two business parks in Onitsha, investments in Eurobonds, amongst a few others.

“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 investments.

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

Speaking through his media aide, Mr. Valentine Obienyem, in response to the allegation, Obi insisted that he left behind N75 billion in cash and investment.

According to Obienyem: “Obi left over N75 Billion in cash and investment. The breakdown is as follows: N27 billion in local currency investment; N26. 5 billion in foreign currency investment and N28.1 billion in Certified State/ MDS balances.

“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 75 billion he bequeathed his successor.

“As a financial expert, Obi went to his end of tenure event with Gov. Willie Obiano and said all these in the presence of all the bank MDs in whose banks the monies are lodged. In fact, as at March 17th he handed over, he got all the certified statements of Anambra’s accounts from the banks this 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 knew?”

Obienyem, however, said it was good that the state government did not deny the fact that before leaving office, Obi paid billions of naira for the completion of Agulu Lake Hotel, Onitsha Hotel, Awka and Nnewi shopping malls, and invested in SABMiller Breweries in Onitsha, value of which, he said, has tripled.

He added: “It is curious that the denial came at a time the state government had concluded arrangement to massively borrow money from banks and financial institutions”, adding that they did not need to paint Obi black to do so, especially when the man, since leaving office, has not for a day commented on what is happening in Anambra, even with the daily drench of blame coming his way as being responsible for whatever, right or wrong, that are happening in the state for making his successor a governor, single handedly”.

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Ondo Election: Jegede Files Petition Against Akeredolu’s Victory

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Ondo Election: Jegede Files Petition Against Akeredolu’s Victory
Ondo Election: Jegede Files Petition Against Akeredolu’s Victory

Eyitayo Jegede

Eyitayo Jegede, candidate of the Peoples Democratic Party in the October 10, 2020, governorship election of Ondo State, has challenged the victory of Governor Rotimi Akeredolu in the exercise.

Jegede, a Senior Advocate of Nigeria, filed a petition at the election petition tribunal sitting in Akure on Friday.

The PDP candidate has also joined the Independent National Electoral Commission (INEC), the All Progressives Congress, and the deputy governor-elect, Lucky Aiyedatiwa, in the petition.

Also Read: Ondo Guber: INEC Presents Certificate Of Return To Akeredolu, Deputy

Jegede is challenging the election on four grounds including “That the election was marred by irregularities and pockets of violence and intimidation”.

He also faulted the emergence of Governor Akeredolu as the candidate of the APC during its governorship primary election held on the 20th of July 2020.

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AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George

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Bode George
AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George

Bode George

A chieftain of the Peoples Democratic  Party (PDP) Chief Bode George has described the collection of internally generated revenue in Lagos state by a private firm called AlphaBeta, which earns around N7.5bn ($19 million) monthly as sacrilegious.

The former National Port Authority (NPA) called on the state government to block all forms of revenue leakages.

He made this known while speaking on Arise TV on Friday morning.

Also Read: BREAKING: IGP Replies Amnesty, Says Policemen Didn’t Shoot #EndSARS Protesters

“There are so many leakages in the Lagos State Government purse. Take this AlphaBeta; who owns this AlphaBeta? What is the essence of the AlphaBeta? Where else in the world would you have an Inland Revenue Service, who have their own staff who are supposed to go out and collect the fees, but you have an independent company to be supposedly collecting the internally generated revenue from our state?

“It grosses around N50bn (about $130m) a month and you know how much that company (AlphaBeta) is paid 15% of it, that’s N7.5bn in thirty days going to the company, that is a leakage, that is sacrilegious.”

 

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Ganduje Reinstates Suspended Aide Who Attacked President Buhari

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Governor Ganduje
Ganduje Reinstates Suspended Aide Who Attacked President Buhari

Governor Ganduje

Governor Abdullahi Ganduje of Kano State has reinstated his Special Adviser on Social Media, Tanko Yakasai.

According to reports, the Kano State Governor who had earlier suspended his media aide for condemning President Muhammadu Buhari over #EndSARS protests reinstated the aide without many details.

Also Read: Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Yakasai on his Twitter account had accused Buhari of being insensitive to the plights of Nigerians during the #EndSARS protests across the nation.

The development saw Governor Ganduje suspend his aide who was commended by Nigerians for the courage.

Ganduje, however, has ordered the reinstatement of his aide two weeks after his suspension.

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