Obiano left N100bn debt for Anambra ― Soludo

Obiano left N100bn debt for Anambra ― Soludo


The governor of Anambra State says the economic prospects remain bright despite the 100 billion indebtedness his administration inherited from from Willie Obiano.

Soludo said this while fielding questions on Arise TV on Tuesday based on audited accounts, which also captured the sum of N300 million that was left for his government.

The immediate past Governor of the State has being in Economic and Financial Crimes Commission (EFCC) custody after his failed attempt to flee from Nigeria via Murtala Mohammed International airport, Lagos State last week.

According to Soludo, we inherited debts running into “hundreds of billions of naira” from, his predecessor.

The former Central Bank of Nigeria (CBN) Governor, “In terms of debt I inherited, it runs into hundreds of billions of Naira. In that of cash, we met about 300 million Naira only. In fact, let’s not talk about it. Our treasury is funny.

“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”.

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“I hope we shall make money henceforth to help us fulfil our promises for infrastructure and development of the state.

“But in terms of what I met in our coffers, my brother, it’s pathetic. Please let us not go there. God will help us”, he said.

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