Obi Left N9bn, Not N85bn – SSG | Independent Newspapers Limited
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Obi Left N9bn, Not N85bn – SSG

Posted: Nov 15, 2015 at 1:11 pm   /   by   /   comments (0)

…It Is Not True – Obi’s Aide
By Chukwujekwu Ilozue
The veil over what was really left in the coffers of Anambra State Government by the former administration of Governor Peter Obi was on Saturday lifted, when the Secretary to the State Government (SSG), Solo Chukwulobelu, said that Obi left N9billion and not N85 billion as he claimed on leaving office.
Chukwulobelu spoke in a well prepared press conference attended by all members of the State Executive Council except Governor Willie Obiano and his Deputy, Nkem Okeke.
In a chart backed by a summary presented by Chukwulobelu, he stated that N9billion in cash was left in the coffers of the government; saying that “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”.
He said that other investments such as counterpart funds, differences in bank balances and investments made directly by the Federal Government on behalf of the three tiers of government totaling approximately N39.5 billion have been reclassified as illiquid investments”.
On the other hand, Obiano inherited the total portfolio of projects valued at N185 billion which were not captured in the breakdown of the Handover Notes.
Chukwuelobe who was assisted by the Commissioner of Finance as well as principal secretary to the Governor, Willie Nwokoye, said it took long to speak on these because of persistent questions on the real amount left behind by Obi.
However, reacting to the press conference, The Special Assistant on Media to Obi, Mr. Valentine Obienyem, described government position as “untrue and deliberate attempt to misrepresent facts”.
Obienyem said in a statement that Mr. Obi would ordinarily not wish to be drawn into unnecessary controversy but that he (Obienyem) had the responsibility to set the records straight.
He wondered why it took Obiano’s administration almost two years to come up with a response and insisted that Obi left over N75 Billion  in cash and investment.
According to him,  “Obi left N27billion in local currency investment; N26. 5billion in foreign currency investment; N28.1billion in Certified State/ MDS balances”.
He added: “Even in the final handover document, Obi deducted N10billion approved by 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 N5billion before arriving at the balance of over N75billion he bequeathed his successor”.
Obienyem continued: “As a financial expert, Obi went to his end of tenure event with Governor Willie Obiano and said all this in the presence of all the Bank MDS in whose banks the monies are. 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 lodged 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 added.