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Bare Facts Of Former Governor Peter Obi’s Purported N75bn Handover.

By James Eze

If nothing else comes out today from the flag-off of PDP campaign in Onitsha, the controversy over the amount of money that former governor Peter Obi and his group bequeathed his successor will definitely dominate. It is in anticipation of this obvious attempt to perpetuate a lie that the Government of Anambra State has decided to restate the facts about this phantom N75 billion once again to erase all doubts.

Anyone who has followed political developments in Anambra State in the past three and a half years may remember that about three months after handover, there was a deliberate campaign of calumny against Governor Willie Obiano who had just marked his first 100 Days in Office. The campaign came as a shock to all and called for a lot of tact from Obiano given that former governor Obi who was suspected to be behind it was not only his predecessor but was also belonged to the same party at the time. It soon became clear that all was not well between the two and sadly, subsequent efforts to reconcile them did not yield fruitful results. Soon also, there were whispers that former governor Obi was allegedly demanding a refund of the sum of N7.5bn, which he claimed he had expended on the campaign for Obiano’s emergence as governor. This particular demand has dominated discussions in the media in recent times leading to unfair criticisms and comparisons of Obi’s 8 years in office to Obiano’s three years. Therefore, as we go into the intensive weeks of campaign in the build-up to the November 18 2017 gubernatorial election in the state, it has become necessary to address the N75bn controversy so that Ndi Anambra are properly guided in choosing their leader.


OBI LEFT LIABILITIES IN EXCESS OF 127BN FOR OBIANO TO SETTLE. A key part of Obiano’s first election campaign was what the party called the 4Cs. One of the Cs is “continuity” and another is “completion,” while the last is Commencement. In other words Obi had committed that Obiano would continue his projects and complete them. In line with this Obi left 101 roads uncompleted, left several power projects uncompleted, left various hotels uncompleted etc. If we use just these three classes of projects, we shall find that Obi left net liabilities of well over N100BN.

101 roads estimated to cost over N127bn were left behind uncompleted (Originally N185bn but he had paid N58bn).  Obiano has quietly completed 51 of these roads in three and half years in fulfilment of the promise of Continuity and has progressed to between 60% and 75% on the balance of 50 roads.

Hotels , shopping malls and power projects Obi started but  left uncompleted have gulped an additional N5bn from the current administration in the same spirit of Continuity

Please read through this table of investments handed over totalling N75bn (largely non-cash  investments and some of them older than Obi’s administration)

Source: sunnewsonline.com

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