The Governor of Anambra State, Charles Chukwuma Soludo, has said that the state of the state’s finance is in a “bad shape.”
Soludo while speaking on Arise Tv Morning show on Tuesday said that the former governor of the state left only about N300 million in the treasury and debt running into hundreds of billions of naira.
“In terms of debt I inherited, it runs into hundreds of billions of naira. In terms of cash, we met about 300 million Naira only. In fact, let’s not talk about it. Our treasury is funny. But I hope we shall make money henceforth to help us fulfil 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 governor stated.
Soludo said the debt he met was about N109 billion.
He said that “the state finance is in bad shape”, and in dire need of restoration.
The Debt Management Office of Nigeria in a statement titled “States, FCT and Federal Governments’ External Debt Stock as at 31st December, 2021” released on March 17 said that Anambra state owes a total of US$110.27 million. This amounts to N45.90 billion at an exchange rate of N416.25 per dollar on CBN website at the time of writing this report.
Investogist reported that the Economic and Financial Crimes Commission (EFCC) arrested the former governor of Anambra State Willie Obiano at the Murtala Muhammad International Airport Lagos Thursday evening, after handover.
Obiano was later granted bail after spending five days in the EFCC’s detention, however, he had not yet perfected his bail conditions as of the time of filing this report.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
