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Anambra House of Assembly approves 10bn Naira for Obiano

Obiano and the Speaker of Anambra House of Assembly

Photo shows Gov Obiano and the Speaker of Anambra House of Assembly

Anambra State House of Assembly has finally and unanimously approved the contentious loan of 10 Billion Naira for Gov. Willie Obiano of Anambra State, following the motion to that effect moved by Member representing Anambra East, Hon. Victor Jideofor. 

The loan had been a subject of disagreement between Obiano and Stakeholders in Anambra who argued that he must account for the 75 billion Naira his predecessor left for him. 

This was following Obiano’s secret meeting with members of Anambra State House of Assembly, where Obiano, seeking to convince the House, told them that he only inherited 9 Billion from Obi.

In a letter read on the floor of the House, Obiano said he needed the loan to complete ongoing capital projects in the State. 

He called for the support of the House and promised that he would set up a Committee to ensure judicious utilization of the loan.

None of the members of the House agreed to make comments on the matter. 

However, one of them, who does not want his name mentioned, said the House owed Obiano total allegiance for single-handedly sponsoring their elections.

Speaking on the matter, Barr. Joemartins Uzodike said it was not about Obiano, but about the future of the State. 

He expressed regrets that Government of Obiano is borrowing money to finance flyover and roads and not for investment that would pay itself back. He asked if he would collect tolls on those roads to repay the loan.

Further, Uzodike said that a Government that squandered 75 Billion Naira, including the interest of 8 billion Naira generated by Obi’s investment on foreign bonds would squander 10 billion Naira in days. 

“His predecessor left so much money and investment for him, rather than tell us what he has added to the investment, in spite of  1 billion Naira increase in IGR, he is borrowing money. 

“I understand that this is the beginning of planned massive borrowing”, Uzodike said regretfully.

Tony Umeh

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