Obiano Left Only N300million In Anambra Coffers With Billions Of Naira Debt – Governor Soludo

By Amirah Kuale Last updated Mar 23, 2022

Governor Charles Soludo of Anambra State says his predecessor, Willie Obiano, left only N300 million in the treasury, but debt running into billions of naira.

Speaking on an ARISE TV programme on Tuesday, Soludo said Anambra’s state finance is in bad shape and in dire need of restoration.

The former Central Bank Governor added that inherited debts running into “hundreds of billions of naira” from his predecessor, Obiano.

Soludo said;

In terms of debt I inherited, it runs into hundreds of billions of Naira. In that of cash, we met about N300million only. In fact, let’s not talk about it. Our treasury is funny. I hope we shall make money henceforth to help us fulfill 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 stated that to achieve the promises he made to the people before he was elected, he would need to look for money.

Soludo expressed:

But I hope we shall make money henceforth to help us fulfill 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. The audited account of Anambra State is open source where anyone can see the assets and liabilities. We are still going to do the reconciliation and we intend to have a very transparent public financial management.

He lamented that other financial details from January to date were still unavailable but expressed hope they would soon be made available as they were public documents.

Hours after handing over to Soludo, Obiano was making his way to the US when he was arrested by Economic and Financial Crimes Commission (EFCC) over alleged misappropriation of funds.

The anti-graft agency, which picked him up at the Murtala Muhammed International Airport in Lagos, later transferred him to Abuja, where he was detained for five days before being granted bail.

Abdulrasheed Bawa, EFCC Chairman, later said Obiano was still in detention because he had not fulfilled his bail conditions.