OG Internet Memes

[OG Internet Memes @digitamakers]

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[Peter Obi @PeterObi]

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

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