Home / Business and Economy / Obi’s Support Network asks Anambra govt. to release details of his administration’s dollar investments in the state

Obi’s Support Network asks Anambra govt. to release details of his administration’s dollar investments in the state

Mr. Peter Obi

The Peter Obi Support Network (POSN) has asked the Anambra state government to release into the public domain, details of the million-dollar investments made by Mr. Obi for the state while he was the Governor.

Mr. Obi, presidential candidate of the Labour Party, and former governor of Anambra state had stated in his handover notes to former Governor Wilie Obiano, on March 17, 2014 that he made a total of 156 million dollars investments as follows: with Access Bank USD50 Million, Diamond Bank USD 56 Million and with Fidelity Bank USD 50 Million. The current value of the dollar investments is more than 93 billion Naira.

The Group, in a statement signed by Adegbite Adekunle, Deputy Director of Communications, Peter Obi Support Network (POSN), thanked Governor Chukwuma Soludo for the admission by Ifeatu Onejeme, Anambra Commissioner of Finance, that “The Peter Obi Administration invested the sum of N1,955,535,247.00 (equivalent of approximately US$12,616,356.43 at the then average CBN exchange rate of N155.00/$1.00) in Intafact Beverages Limited, a green-field brewery being set up in Onitsha by SABMiller Breweries of South Africa in 2012.”

POSN noted that “after repeated denial by former Gov. Willie Obiano, at least the government of Anambra State, through the State Commissioner for Finance has openly admitted the investment of Mr. Peter Obi. This is what Nigerians want to hear!”

The statement reads: “The decision of Anambra state government to confirm that the former governor of Anambra state, Peter Obi invested state funds in SABMiller is a welcome development after repeated denials by his predecessor, former governor, Willie Obiano.

“It is obvious with the statement by Anambra Commissioner of Finance, Ifeatu Onejeme that Peter Obi during his administration invested state funds while other governors were borrowing their states into penury.

“This is a confirmation that Peter Obi is a good manager of resources, and further confirms what former Minister of Finance, Mrs. Ngozi Okonjo-Iweala wrote in her book that the former governor of Anambra was hammering on investment of resources while other governors were talking about sharing the resources during the era of oil boom.

“We therefore request that the state commissioner of Finance do take a step further and release all details of the millions of dollars saved for the state by Peter Obi’s administration before he handed over to the former governor, Willie Obiano, so that Ndi Anambra and Nigerians will know the truth about the condition of state resources when Peter Obi handed over to Willie Obiano”, the statement concluded.

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