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

Content creators land in trouble for using EFCC name, logo

THE Economic and Financial Crimes Commission, EFCC, has cautioned individuals and content creators against the…

9 hours ago

Fuel price reduces

Some filling stations across Nigeria have reduced the pump price of petrol as they compete…

9 hours ago

Osun lawmaker Oderinwale empowers 400 constituents with N100m equipments, cash grants

‎ ‎No fewer than 400 men, women, youths and students in Ayedire State Constituency of…

23 hours ago

Historic Bid: TEMILAD Eyes National Assembly Seat, Advocates Gender Inclusion in Politics

Hon. Temilade Esther Adewusi, popularly known as TEMILAD, has formally declared her intention to contest…

1 day ago

2027: APC Governor Reveals Criteria Of Picking Party Candidates

News Update Ondo State Governor, Dr Lucky Orimisan Aiyedatiwa, on Friday, declared that candidates of…

1 day ago

FG: How We disbursed N9.9bn billion to vulnerable Nigerian families

THE Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, says Ondo State has received…

1 day ago