Charles Odega @Multidegas

“Nigeria faces great danger under Tinubu” as G-100 reveals options after meeting SDP Presidential Candidate, Prince Adewole Adebayor

@Onsogbu Please is this guy @Onsogbu seriously a pastor? I pity people who attend the church where he presides if he is indeed a pastor

@aproko_doctor Don’t mind the former uncommon governor, these politicians have lost touch with reality. The stigmatization is something else, mental depression is an illness and can be treated, people need to speak out.

High domestic borrowing costs drove it; the ratio improved from ~156% a year earlier as revenue rose ~72%. The rascality of this govt. has never been seen anywhere, how can the country survive this? It won’t be easy for the next government that will take over this monumental mess

opportunityportal.info/maastricht-uni…

@General_Somto Is he even sure those kids are his?

@PremiumTimesng @grok Thanks. No wonder, it’s clear now

@PremiumTimesng I thought Premium Times is owned by an Igbo man @grok who owns Premium Times (@PremiumTimesng )

“But if the Spirit of Him who raised Jesus from the dead dwells in you, He who raised Christ from the dead will also give life to your mortal bodies through His Spirit who dwells in you.” Romans 8:11

ON THE ANAMBRA DEBT QUESTION I have remained silent over the past few days because I have been grieving the loss of my very dear elder brother and friend, Chief Okey Ezeibe. However, the time has come for me to address some of the matters that have occupied public discussion in recent days. I respectfully urge everyone to concentrate on the existential challenges confronting Nigeria and the hardships endured by its citizens, rather than on the needless distractions that have become widespread in our politics. I wish to assure the public that I have no disagreement with my dear elder brother, Governor Soludo, or with any governor in Nigeria. I am not seeking the office of governor in any state, and I will not seek that position again, even if the Constitution is amended. Accordingly, I appeal to governors to support whichever presidential candidate they choose while also permitting and assisting other presidential candidates and contenders for other offices to campaign freely and without interruption in their states. Ultimately, voters should be allowed to determine whom they wish to serve them. Regarding the multilateral funding inaccurately described as “debt owed by Peter Obi” in Anambra State, I wish to state unequivocally: As Governor of Anambra State, I did not approach any financial institution to borrow funds or issue a bond on behalf of the state. Indeed, at his farewell ceremony, the then Director-General of the DMO, Abraham Nwankwo, appointed me chairman and declared that, during his 10 years in office, I was the only state governor who had not approached him for a loan facility. When I left office, the Anambra State Government owed no unpaid salaries, gratuities, or pensions. Neither did it owe any contractor or supplier who had completed work that the government had verified and certified. Regarding development financing from the World Bank, these are concessionary development-support funds secured by the Federal Government for states selected by it to address specific needs. Repayment is spread over 25 to 30 years. The Anambra State Government must therefore differentiate among three separate figures: the total amount approved for the multiyear development program; the amount Anambra State actually drew during my tenure; and the funding balance outstanding when I handed over on 17 March 2014. The government has combined these distinct categories, added them together, and described the resulting US$123.77 million as “loans left by Peter Obi.” That is an incorrect application of public-sector accounting. The eight facilities identified were primarily World Bank and IFAD development programs negotiated by the Federal Government, with participating states receiving access to the funds through subsidiary arrangements. They were not conventional commercial loans that I personally secured during my tenure. This does not suggest that Anambra had no repayment responsibilities; rather, each facility must be examined in light of its approval, effectiveness, drawdown, and repayment record. The clearest contradiction appears in the government’s own figures. It states that the original facilities amounted to approximately US$123.77 million and that US$92.35 million remained outstanding in June 2026. However, the DMO’s published records showed Anambra’s total external debt at approximately US$18 million when I began my tenure in March 2006, about US$30 million in March 2014, when I left office, and approximately US$45.15 million as of 31 December 2014, nine months after my departure. The Anambra State Government must therefore clarify how a state whose recorded external debt was about US$30 million in March 2014 and US$45.15 million in December 2014 could supposedly have inherited US$123.77 million from Peter Obi, who left office in March of that same year.

One man, one university, one year, what degrees???!

It's either the Anambra State Government does not understand public finance, or they are being mischievous. Let me attempt to explain this with simple examples. 1. Your father, the FGN, borrows $100 from the World Bank and gives it to you. You must pay it back in 10 years; you need to repay $10 each year. 2. You take N100,000 from your savings, add it to the $100, and start a school. 3. You are to retire in 5 years. You have paid back $50; you still owe $50. You can't prepay the World Bank loan in advance, so you take the remaining $50 and deposit it in a bank to repay the World Bank $10 each year. 4. That $50 in the commercial bank repays the outstanding $50 loan and earns interest income for the new State government. In terms of net worth, the State is richer because the loan's APR (interest paid) is fixed, but the APY (interest earned) allowed the State to earn net interest income. 5. The Anambra State government is quick to point out it is still repaying $50, but the funds to do so are left in a commercial bank account earning interest for the State. The State did not have to incur any new cost or raise new taxes to settle this $50 debt. Remember Peter Obi also saved in USD, meaning that there was no devaluation risk. If anything, the question is: what did the State do with the interest income on the $50 in the commercial bank? What about the devaluation surplus from holding $? This is a non-issue.

Please fact check this @grok State if the loans were multilateral State the borrower State the disbursement dates State the DMO verified figure for external and local debts when obi handed over.

Anambra State New Media @AnambraNewMedia

a month ago

8 External Loans: As of when Obi left office on 17th March 2014, there were 8 different external borrowings for malaria, erosion control, education, healthcare etc (see attached poster) which the present administration services with hundreds of millions of naira monthly.

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Chai!

Von Batten-Montague-York, L.C. @batten_von

2 months ago

A few days ago, Dr. Von Batten received unsolicited offers of $3 million, along with an invitation to a confidential meeting in London, from a highly placed individual whom we have been informed is connected to Nigerian President Bola Tinubu (@officialABAT). We believe these

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@DavidHundeyin I’m disappointed to say the least

@Mimi_yakigar I also blame those women who are clapping and accepting those vehicles. Most of those women are mothers with kids and they are aware of situation at the time like this. We can blame leaders for their errors, but most times they are encouraged by the followers. Shame on them