Local News

I inherited hundreds of billions in debt from Ex-Gov Obiano – Soludo

The new Governor of Anambra State, Charles Chukwuma Soludo, has claimed he met only N300 million in the state’s treasury when he assumed office.

Soludo revealed this while answering questions on Arise TV on Tuesday.

According to the former Central Bank Governor, he has inherited debts running into “hundreds of billions of naira” from his predecessor, Willie Obiano, according to audited accounts.

Soludo said: “In terms of debt I inherited, it runs into hundreds of billions of Naira. In that of cash, we met about 300 million Naira 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”.

Obiano was apprehended by operatives of the Economic and Financial Crimes Commission (EFCC) as he tried to leave the country on the same day he handed over to Soludo. CONTINUE READING…

Do you have any information you wish to share with us? Do you want us to cover your event or programme? For Adverts or report call/WhatsApp us on +2348072633727

VAM News

Recent Posts

Inside Nigeria: Court bars FRSC from state roads

A Federal High Court in Kano has ruled that the Federal Road Safety Commission (FRSC)…

10 minutes ago

Kidnapped kogi students, principal, NECO official released

THE Kogi state government has announced the successful rescue of the four persons kidnapped during…

2 hours ago

Osun 2026: Oyebamiji Promises Socioeconomic Transformation as APC Flags Off Campaign in Ile-Ife

OSUN: The Governorship Candidate of the All Progressives Congress, APC, in the forthcoming gubernatorial election…

14 hours ago

Gbajabiamila sues PFIPC’s Adeniyi Adeyemi for N15bn over alleged defamation

Femi Gbajabiamila, chief of staff to President Bola Tinubu, has sued Adeniyi Adeyemi, director-general of…

14 hours ago

FG Makes Fresh Appointments (Full List)

THE Federal Government has set up a new Ministerial Advisory Committee (MAC) made up of…

17 hours ago

TOA Hails Senator Biodun Olujimi on National Legislative Award 2026

THE Nigerian political landscape is currently abuzz with celebrations following the conferment of the prestigious…

22 hours ago