Former Anambra State governor, Mr. Peter Obi has released the details of the humongous amounts left over but squandered by his successor, Chief Willie Obiano.
The details, which amounted to 75 billion naira, contained bank, account number and amount left behind as at handover date.
However, the billions were squandered by Governor Obiano in just a year, who now borrows to pay workers with abandoned projects littering all over the state.
Interestingly, Obiano is serious canvassing for second tenure in office which kept Anambrarians wondering what their fate will be like were Obiano left to steer the fate of the state for another four years.
Find below, the detail of money handed over to Obiano and their status as at March 17th, 2014:
A. FOREIGN CURRENCY INVESTMENT
1. Dollar investment in Fidelity Bank = There is a Fidelity Bank letter to that and the total is $54,136,125
2. Diamond Bank: There is a Diamond Bank letter to that and the total is $50,000,000
3. Access Bank: There is an Access Bank letter to that and the total is $49,966,504.08
As at March 17th, 2014, the Naira equivalence of this was Twenty-Six Billion, five hundred million Naira (N26,500,000,000)
(Check the dollar rate then and dollar rate now)
In their effusion of lies called a press conference, the Anambra Government said the investment had lost value. From experts who computed the investment, the total portfolio value is now $176,293,114. This means the investment has gained $20,293,114 (N8,758,622,951)
Mr. Peter Obi who invested the money called it Anambra State Future Generation Fund (ASFGF), and they are being held till maturity. I understand the present Government in Awka plans to sell it and has already appointed a financial firm to oversee that.
Value of investment today is N35,258,622,951.14
B. CERTIFIED STATE/MDAs BALANCES
Though Obi said it was Twenty Eight Billion, One hundred and Sixty-five Million, Nine Hundred and Eighty-five Thousand Naira (N28,165,985,574), it was very far above that. Obi did so purposely to allow him what is called “financial gaps”.
Below are some of the money and the banks/Account number of banks where they were as at March 17th, 2014, for I do not know where they are now
A. Fidelity Bank
1. Account Name: School Borehole Project Account; Account No: 5030025215; amount as at 17th March, 2014 was N115,811,677.65
2. 1. Account Name: Anambra State School Development Project Account; Account No: 5030025246; amount as at 17th March, 2014 was N354,334,833.51
3. Account Name: Ministry of Commerce and Industry; Account No: 5030005521; amount as at 17th March, 2014 was N820,649,577.74
4. Account Name: Special Excess Crude Account; Account No: 5030005239; amount as at 17th March, 2014 was N2,072,864,334.98
5. Account Name: Anambra State Special Project Account; Account No: 5030005332; amount as at 17th March, 2014 was N101,906,722.45
6. Account Name: Ministry of Works; Account No: 5030005514; amount as at 17th March, 2014 was N2,403,862,359.89
7. Account Name: Anambra Strategic Reserve Account; Account No: 5030025875; amount as at 17th March, 2014 was N808,099,248.30
8. Account Name: FAAC Statutory Account; Account No: 5030026223; amount as at 17th March, 2014 was N918,663,651.06
9. Account Name: Direct Labour Account; Account No: 5030025545; amount as at 17th March, 2014 was N2,029,706,380.45
10. Account Name: Ministry of Education Account; Account No: 5030005772; amount as at 17th March, 2014 was N142,748,067.90
11. Account Name: MDG Set Aside Project Account; Account No: 5030042724; amount as at 17th March, 2014 was N199,024,262.09
12. Account Name: MDG Set Aside Project Account; Account No: 5030042731; amount as at 17th March, 2014 was N199,024,262.09
13. Account Name: MDG Set Aside Project Account; Account No: 5030042748; amount as at 17th March, 2014 was N199,024,262.09
14. Account Name: MDG Set Aside Project Account; Account No: 5030042755; amount as at 17th March, 2014 was N199,024,262.09