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Peter Obi Took Eight Loans, Left Repayments for Successive Anambra Govts – Soludo’s Commissioner

 


 Law Mefor, Anambra Commissioner for Information and Value Reorientation, has dismissed claims that the Anambra government’s scrutiny of Obi’s financial records was aimed at undermining his achievements or presidential ambition.

 

He acknowledged Obi’s performance as governor but said the disagreement centred on the former governor’s claim that he left no financial liabilities for successive administrations.

 

 

“The intention of the Anambra state government is not to indict Peter Obi,” he said.

 

“Peter Obi did well as governor.”

 

Mefor said the government’s objective was to clarify the state’s financial records.

 

The commissioner also disputed Obi’s claim that he left no financial liabilities for subsequent administrations.

 

He questioned Obi’s claim that his administration left N2.13 billion in an ecological fund account with First Bank’s University of Nigeria, Awka (UNIZIK) branch.

 

Mefor said the state government requested the relevant account statement from the bank but could not find evidence of the claimed balance.

 

“Peter Obi told us that he left N2.13 billion ecological fund in a First Bank account at the UniZik branch. We went to the bank and demanded the account statement. There was no N2.13 billion in that account, either as an inflow or a balance at any time,” he said.

 

He challenged Obi to publish the bank statement if he believes the government’s claim is inaccurate.

 

“We can’t see the money. I think it is fair enough to say that if he thinks that we are lying, he should print it out and publish it,” the commissioner said.

 

Mefor also faulted Obi’s claim that his administration did not leave loan liabilities for subsequent governments.

 

According to him, Obi’s administration obtained eight loans and drew down on some of them, leaving repayments for successive administrations.

 

“Nobody is against a government taking loans. Peter Obi took loans and we are not saying it’s wrong. He took eight loans and he drew down on some of them. He did not repay, so he passed it down to the successive governments,” he said.

 

Mefor said borrowing was not inherently wrong, particularly when funds are used for projects capable of delivering public benefits.

 

He cited education, malaria control, agriculture and erosion management as areas for which Obi administration borrowed funds.

 

“We agree that these were noble reasons, but he shouldn’t say he didn’t take loans,” he said.

 

The commissioner also referred to records of the Debt Management Office (DMO), saying they showed that Anambra had domestic debt running into billions of naira when Obi left office.

 

Mefor said Soludo’s decision not to borrow since assuming office should not be interpreted as opposition to borrowing.

 

He said the current administration could consider borrowing where the funds are tied to specific projects capable of generating sufficient resources to repay the loans.

 

“Although Governor Soludo has not taken any loan, that does not mean that a loan is bad,” he said.

 

Mefor said the state’s position was not that previous administrations were wrong to borrow.

 

He said the issue was Obi’s claim that his administration did not leave loan liabilities behind.

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