Debunking the Phantom Debts and Ecological Loan Fallacy
My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a ₦2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false.
We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified.
The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.
The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion.
It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind.
If anybody can establish anything to the contrary, I will stop campaigning. -PO
it’s true that an accent can limit your opportunities in some scenarios, but you shouldn’t have to frame your accent like it’s a disability to get rid of, just doesn’t seem like a healthy dose of self esteem.
i need nigerians to free themselves from all these unnecessary passive aggression based on ethnic divides and focus on making decisions that help our collective destinies.
is this not the same thing that south africans are doing that everybody is against? why is it that we cannot see past these petty lenses through which we view our problems? how many people will you need to deport to solve the problem as against building correctional facilities.
retiring this account for personal use. will only post things related to my work on youtube here moving forward. my personal thoughts will be moving to @bayoeise.
the world has gotten worse due to the constant urge to optimize for gains above everything else. physical businesses are part of an ecosystem that impacts real lives. your “monopoly” money on a dashboard does nothing meaningful for your immediate society.
For those with $200,000 or more, once you understand Treasury Bills and Mutual Funds, you may never need a physical business again, especially in Africa.
Since I started this journey, I’ve lived well and enjoyed peace of mind.
This is one of the things I teach members of the Diaspora Wealth Builders Community, and many of them have come to appreciate the stability, simplicity, and peace of mind it brings.
@OkanuUgoo checks out. paul said we can examine ourselves before participating in the eucharist. the eucharist like many parts of our christian walk rides heavily on our personal faith and conscience.
right now nollywood is embracing youtube for the same reason creators are winning on it. distribution is shifting. attention is shifting. and the window to build real authority before AI flattens the landscape is still open, but not for long.
parenting hits different bc nothing you make evolves on its own like a kid does. everything else stays where you left it. a child keeps surprising you, correcting you, outgrowing you. wild privilege to watch something you (pro)created keep becoming something new.