You are all witnesses of the Press Conference by Anambra State Government denying the amount of money bequeathed it by Mr. Peter Obi.
Gov. Willie Obiano plans to borrow money massively and has chosen to lie by telling Anambra people that the amount contained in Obi’s handover note was not the true representation of reality. I understand that some of the institutions he plans to borrow from questioned his financial prudence and ability to manage money, hence he wanted to tell them that he met no money not to talk about managing it.
Gov. Willie Obiano plans to borrow money massively and has chosen to lie by telling Anambra people that the amount contained in Obi’s handover note was not the true representation of reality. I understand that some of the institutions he plans to borrow from questioned his financial prudence and ability to manage money, hence he wanted to tell them that he met no money not to talk about managing it.
You cannot eat your cake and have it, you cannot live beyond your income and expect not to go bankrupt as Anambra is today.
Here we go
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, 2017, the Naira equivalence of this was Twenty-Six Billion, five hundred million Naira (N26,500,000,000)
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
15. Account Name: MDG Set Aside Project Account; Account No: 5030042762; amount as at 17th March, 2014 was N199,024,262.09
16. Account Name: MDG Set Aside Project Account; Account No: 5030042717; amount as at 17th March, 2014 was N199,024,262.09
17. Account Name: Ministry of public Utilities/ Water Resources Account; Account No: 5030045428; amount as at 17th March, 2014 was N209,420,221.47
18. Account Name: Local Govt Community Development Account; Account No: 5030042391; amount as at 17th March, 2014 was N1,734,069,061.09
19. Account Name: Anambra State Account, Account No: 5030047097; amount as at 17th March, 2014 was N3,048,355,196.79
TOTAL IN Fidelity Bank as at March 17th, 2014 was N19, 354,182,155.9 (Nineteen Billion, Three hundred and fifty four Million, One Hundred and Eighty-two thousand, One hundred and Fifty-five Hundred and Nine Naira.
B DIAMOND BANK
1. Account Name: Joint Account; Account No: 0022404540; amount N3,276,354,490.46
2. Account Name: UBE Matching Grant Account; Account No: 0031151473; amount N2,101,864,766.68
3. Account Name: UBE Matching Grant Account; Account No: 0023484282; amount N1,614,405,750.64
4. Account Name: 2012 MDG Account; Account No: 0029605487; amount N191,463,796.49
5. Account Name: Ministry of Education Account; Account No: 0036410070; amount N536,385,407.85
6. Account Name: Anambra State Subsidy Account; Account No: 0026290200; amount N5,126,258,908.72
TOTAL IS : N12,846,733,120.8
C Enterprise Bank (Now Heritage)
1. Account Name is Anambra state local Govt Edu. Set Aside A/C; Account No 1400034787, amount is N189,990,550
2. Account name is Ministry of Youth and Sports Account; Account No is 1400036145, amount is N567,904,301.24
3. Account Name is Permanent Secretary Govt House, Awka, Account; Account no is 1400036138 and Amount is 1,928,596,191.25
Total is: N2,686,491,042.49 (Two Billion, Six Hundred and Eighty-Six Million, Four Hundred and Ninety-one thousand, Forty-two hundred and forty-nine kobo)
4. First Bank
1. Name of Account: EF/IGR Consolidated Account , Account no is 2018779464; amount is N2,139,951,400.00
Total is N2,139,951,400.00
As at March, 17th 2014
1. Money in local currency(Fidelity) 19, 354,182,155.9
2. Money in local currency(Diamond) 12,846,733,120.8
3. Money in local currency( Enterprise, now Heritage ) 2,686,491,042.49
4. Money in local currency (First Bank) 2,139,951,400.00
TOTAL IN LOCAL BANK CURRENCY 37,027,357,719.1 (Thirty Seven Billion, Twenty Seven Million, Three Hundred and Fifty-Seven Thousand, Seven Hundred and Nineteen Hundred, one Kobo
