Anambra’s finances: I inherited N100bn debt — Soludo - AfrobadooTV
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Anambra’s finances: I inherited N100bn debt — Soludo



The newly sworn-in Governor of Anambra State, Charles Chukwuma Soludo, has raised alarm over the state of the economy of Anambra, which he said was in a “bad shape”

Speaking on Arise News television interview, Soludo said that from the audited account of the state ending December 31, 2021, there is about N300 million to N400 million cash in various banks and over N100 billion debt.

He said: “In terms of finances, there is the detailed audited account which is a public document and anybody can assess it. The audited account up to 31st December 2021 has been published. It contains our assets and liabilities as of the end of the year.


“Everybody knows that the state finances are not robust. We have a debt of N100 and something billion and about 300 million cash. But we will still have reconciliation to make for the period between January and the day we were handed over. There is also contractor debt contingent liabilities. That is the baseline.

“We intend to be publishing our accounts for everybody to see and what our money is used for.”

Soludo also spoke on his embattled predecessor, Chief Willie Obiano, describing him as an honourable man.

According to him, what is rare in Nigeria today is that people don’t keep their words, but Obiano kept his.

He added: “We met in August, September, October and November of 2016 and I accepted his proposal for us to work together politically in 2017. Many people didn’t expect the partnership to work but it did after five years.

“For me, that is historic. It is easy for people to make promises and walk away, but Obiano didn’t.

“He loves Anambra; he loves his people and he did his best to the best of his ability. We are on continuity and we will continue from where he stopped. This is the APGA government and we will continue on the foundation he laid.

“Our job is to make amendments where he didn’t do quite well and continue the trajectory.

“I don’t expect him to pose any problems for us in terms of interference. He is not that kind of fellow who, after leaving office, would still want to impose himself and want to be the one calling the shots.

“So, I don’t envisage that kind of friction and I am eternally grateful to him.

“I saw somebody taking a video of him in the EFCC facility and that is not the way to go. If somebody is accused of something, it has to be investigated and not humiliate him. I’m happy he has been granted bail. If you say he did something, investigate it and not humiliate him”.

On the Ebele Obiano and Bianca Ojukwu incident that took place during his swearing-in, Soludo described it as a comedy that emerged that people are enjoying. “It had no distraction for me whatsoever. I think it was meant to be and it just added comic and for some time, there could even be a song that could emerge from it.

“I didn’t even notice much of what happened as it happened when I was trying to sign the oath of office and oath of allegiance.
“I just turned to that direction and turned back immediately to continue with what I was doing.

“I am rather intensely focused on what we want to deliver to the people every day.

“After the ceremony, I worked for nine hours and the following day I went to Okpoko. When we came back, I worked till 7 pm and on Sunday, we attended the church service after which we visited the Ekwulobia Correctional Centre and interacted with the inmates and inquired about their living conditions. On Monday, I was in the office from morning till night. There is work to be done and it is work, work, work.

“I applied to be the chief servant and I am here to work and not to be bothered about distractions.

“I first applied for the job 13 years ago and finally, the people have hired me and I am ready to work.

“In 2009 when I first applied for the job, I would say reluctantly because I was literarily dragged to contest. After going around the state campaigning and getting the feel of the people, it turned out from being a reluctant person to becoming a passion for me to work for the people. There are problems but they are not insurmountable”, he said.

He explained that his decision to patronize locally made goods was not just about him, noting is the way the world works.

“That is the way to create jobs. The slip-on I’m wearing was made in Ogbunike. The next stage we want to go to is to encourage them and ensure that they are proud of their products by appropriately stamping them ‘Made in Anambra’. They should be proud of what they make by labelling them appropriately.

“Imagine where over 200 million Nigerians patronize locally made products. Since I started wearing the Akwete dress, the makers no longer meet the demand. We will help the women acquire technology to produce more.

“The Made in Anambra is an integral part of our administration. We will wear our clothes, wear our shoes and through that, create more jobs. So it is not a thing made temporary for the show, it is something we deeply believe in”, he added.

On the growing insecurity in the state fueled by unknown gunmen, the governor said discussions with stakeholders were ongoing, adding that he immediately held a security meeting after swearing-in, assuring that he would get the issue cracked.

He added: “The sit-at-home thing will definitely end and we are working with the stakeholders, including IPOB.

“We will engage everybody. It is the people’s power that will prevail at the end of the day. The poor innocent drivers, the market women, keke drivers and artisans, the vulcanizers are the ones suffering and that is why it has to end.

“Our people are usually the loser like the people who would have come to shop in Anambra now go somewhere else on Mondays. We are determined to ensure law and order in this state because, without peace, we can’t get anywhere”.

Earlier on, the anti-graft agency had arrested Obiano on the night of Thursday, March 17, at the Murtala Mohammed International Airport in Lagos, following his handover ceremony.

The former governor was later granted bail after spending five days in the EFCC’s detention, although he has not yet perfected his bail conditions as at the tile of filing this report.

Appoints former Mayor of London Chief of Staff, AVM Chiobi security adviser

Professor Charles Soludo has also appointed a former Mayor of London, Mr. Ernest Ezeajuyi as his Chief of Staff.

Also appointed were Air Vice Marshall Ben Chiobi (rtd) as the security adviser to the governor and Mr Richard Madiebo as the executive chairman of Anambra Internal Revenue Service.

The three new appointments bring to six the number of appointments so far made by the governor.

He had earlier appointed the former Secretary to the State Government, Professor Solo Chukwulobelu to continue in the office. Chinedu Nwoye was appointed Deputy Chief of Staff and Head of Protocol while Dr. Chukwudi Okoli is the new Accountant General of the state.

Put your words into action, HEDA urges Soludo

Meantime, the Human and Environmental Development Agenda, HEDA, has called on Governor Soludo of Anambra State to walk the talk in his inaugural address, saying the world’s eyes are on him to deliver on his promises.

The Chairman of HEDA, Mr Olanrewaju Suraju, made the appeal while reacting to the Governor’s address yesterday in a statement in Abuja.

Surajo described the Governor’s address as thoughtful, insightful, and an unequivocal manifestation of a determination to improve the people’s quality of life.

“We have heard so many promises from the governor for his people, however, he must not be like any of his ostrich predecessors and co-governors who promised much but delivered little.”




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I’ve forgiven Tinubu —Bode George



A former Deputy National Chairman of the Peoples Democratic Party, PDP, Chief Bode George, yesterday, said he has forgiven President-elect Bola Tinubu.

George, who analyzed the outgoing administration of President Muhammadu Buhari, declared that he failed to live up to expectations.

The PDP leader, in a chat with journalists at his Ikoyi office, added that the Buhari administration did not impact the lives of Nigerians positively, saying he failed to provide security which was his core responsibility.

His words: “My personal assessment is that he failed, not completely in every sector, but if you do an examination and say you must have a minimum of 33 per cent, then you can go to the next class, but they did not attain that 33 per cent. I can give them maybe about five per cent, even the five per cent requires a lot of retrospection. The most important thing you must guarantee to your people, as a government, is security of lives and property, who is safe now?

“So it is very very disheartening and heartbreaking that he failed in his number one job, which is to guarantee security of lives and property. You know when he was coming in, oga (Buhari) was telling us, I would fight corruption, I will secure the lives and properties of the people, I will do this, I will do that, all kinds of promises.

“So let’s put those promises now into his departure, because that’s what will be written on the pages of history. Whatever a leader does during his time, it is on the pages of history.”

Asked whether he would work with Tinubu if called upon, George said: “There is nothing personal, this country trained me and I have to give back.”

On his reluctance to endorse Tinubu, he said: “I have forgiven him, but you cannot forget.”

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Tinubu makes first appointments



In line with tradition, President-elect Bola Tinubu is expected to make his first appointments after being sworn in as President tomorrow by the Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola.

There are at least three appointments that ordinarily should be made by the new President to keep the wheel of government moving pending when other appointments that must have the seal of the National Assembly will follow.

The three appointments are the Secretary to the Government of the Federation (SGF), Chief of Staff and presidential spokesperson.
There has been a jostle for appointments, including ministerial, under the Tinubu administration since the president-elect emerged after the February 25 presidential election.

Names have been mentioned as those being considered by Tinubu including those of very close associates but Sunday Vanguard was made to understand by sources close to the president-elect at the weekend that nothing was certain on appointments under the incoming administration including those that announced must, as a matter of tradition and necessity, be made tomorrow or Tuesday.

The president-elect, it was learnt from multiple sources close to him, yesterday, has kept allies and close associates, among others, guessing over those that will form his cabinet.

Sunday Vanguard was reliably informed that Tinubu has refused to disclose the list of potential appointees at any level be it personal aides, Presidential Villa officials and ministers.

This, it was understood, is a source of intense anxiety among those lobbying to be appointed to the next government.

Meanwhile, there were insinuations that the Speaker of the House of Representatives, Mr Femi Gbajabiamila; Minister of Works and Housing, Mr Babatunde Fashola; Governor Nasir el-Rufai of Kaduna State and Mr James Faleke, a federal lawmaker from Lagos, are likely to play some roles in the Tinubu cabinet.


It has been reported that el-Rufai alongside two other outgoing governors – Aminu Masari of Katsina State and Atiku Bagudu of Kebbi State – are in the race for the SGF office.

Former Governor Kayode Fayemi of Ekiti State is also, according to reports, in the jostle for ministerial appointment. He is said to be highly favoured for the External Affairs portfolio.

Traditionally, top members of the ruling party who lost governorship election in their states are usually compensated with ministerial appointments and this may also play out in the unfolding Tinubu government.

Multiple sources, however, said Gbajabimila was facing huge opposition to the possibility of emerging as Chief of Staff to the President.

There has been no word on who will emerge as a presidential spokesperson but there are high-profile professionals around the president-elect who fit the bill.

Some of them served in the Tinubu Presidential Campaign and they include Mr Bayo Onanuga and Mr Dele Alake.

Tinubu keeping list secret – Source

A source, who spoke on the condition of anonymity, disclosed that all the names being peddled for appointments in the Tinubu administration remained in the realm of speculation.

The source said: “President Tinubu is likely to make his first appointments on Monday or Tuesday because he wants to hit the ground running.

“But all the conjectures about who is in and who is out in the cabinet and other appointments are in the realm of speculations.
”Everyone has continued to speculate but from what I know, the list is with the president-elect. “He is keeping it close to his chest. All those who go to him, he promises them but he won’t say anything.

“You know that Tinubu is also a politician but no one knows those on the list. Even the speculation about Femi Gbajabiamila being considered as Chief of Staff is dicey and not something anyone can confirm and, as you know, Gbajabiamila is going with him all over the place. I’m not sure if Gbajabiamila will get the Chief of Staff slot.

“We have also heard the names of Mr Babatunde Fashola who is speculated as being considered as the Attorney-General of the Federation as well as Mr James Faleke and Mallam Nasir El-Rufai who may be among those to be appointed”.


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Foreign guests, other dignitaries arrive Abuja for Tinubu’s inauguration



AHEAD of the inauguration of the President-elect, Asiwaju Bola Tinubu, who takes over as Nigeria’s President on Monday, foreign guests and other dignitaries have started arriving at the Federal Capital Territory for the ceremony.

Officials at the Federal Airports Authority of Nigeria confirmed on Saturday that the authority received a memo from the Federal Government on the expected arrival of presidents and other VIPs, who had started arriving at the Nnamdi Azikiwe International Airport, Abuja.


It was also gathered that though foreign nationals had started arriving at Abuja since Monday, the number of visitors coming through the international and presidential wings of the airport increased significantly on Saturday.

A senior Canadian official told Sunday PUNCH that the country’s (Canada) delegation would enter Abuja Saturday night.

It was gathered that the Canadian Government would be represented by the Minister of Housing, Diversity and Inclusion, Ahmed Hussen.

Though the time of arrival of the United Kingdom delegation could not be ascertained, our correspondent learnt that the delegation might come in on Sunday. The UK delegation will be headed by the Prime Minister’s Special Envoy for the inauguration.

The delegation includes Minister of State for Development and Africa at the Foreign, Commonwealth and Development Office, Andrew Mitchell; the Prime Minister’s Trade Envoy to Nigeria and Special Envoy on Girls’ Education, Helen Grant, and the British High Commissioner to Nigeria, Dr Richard Montgomery.

From the United States, those on the delegation include; Chargé d’Affaires, US Embassy Abuja, David Greene; United States Representative, California, Sydney Kamlager-Dove, Undersecretary of Commerce for International Trade, US Department of Commerce; Marisa Lago; Commander of US Africa Command, General Michael Langley, and Director, US Trade and Development Agency, Enoh Ebong.

Others are Assistant Secretary of State for the Bureau of African Affairs, US Department of State, Mary Phee; Special Assistant to the President and Senior Director for African Affairs, National Security Council, Judd Devermont, and Assistant Administrator for the Bureau for Africa, US Agency for International Development, Monde Muyangwa.

Speaking on the arrival of VIPs for the inauguration of Nigeria’s 16th President, FAAN’s Head of Corporate Affairs, NAIA, Oluwakayode Adeyeoluwa, told one of our correspondents that a memo was sent to the authority about the high influx of VIPs into Abuja beginning from Saturday.

Adeyeoluwa said, “Of course, we should expect that. Dignitaries and possibly Presidents have started coming, because by the memo that came to my table, it shows that they’ve started arriving.

“They started coming into the country since last week, but it peaked today (Saturday) based on the influx at the international and Presidential wings of the Abuja airport.”

When asked if he had an idea on the Presidents that had already arrived, Adeyeoluwa replied, “No, I didn’t follow-up with that, because those categories of dignitaries will come through the Presidential wing of the airport, and that is not under our jurisdiction.”


India sends delegation

In a related development, the Indian government has sent its Defence Minister, Mr Rajnath Singh, as a Special Envoy of the Prime Minister to attend the inauguration of Nigeria’s President-elect.

The Indian Embassy in Nigeria disclosed in a statement on Saturday that Singh will arrive in Abuja on Sunday for the occasion.

“Mr. Singh is accompanied by a high-level delegation comprising senior officials from the Ministry of Defence and Ministry of External Affairs of India,” the statement partly read.


Heavy security at Eagle Square

Meanwhile, operatives of the Nigeria Police, the Armed Forces, the Department of State Services, Nigeria Security and Civil Defence Corps and the Federal Road Safety Corps, among others, have taken over Eagle Square, venue of the inauguration.

Military personnel, police officers and other security agents deployed for the match past parade continued their dress rehearsals at the venue.

During a tour of the city centre by one of our correspondents, it was observed that major roads leading to the Central Area of the Federal Capital Territory were partially cordoned off by security operatives.

The Central Business District began to look like a ghost town due to the presence of heavy security operatives. Several helicopters were also seen hovering over the city for aerial surveillance on Friday and Saturday.

Similarly, vehicles belonging to the Presidential Guards Brigade and the Nigeria Police Force were seen moving around the city centre, blaring sirens.

Sunday PUNCH also observed that Eagle Square had been deserted by traders, as the usual business activities on the premises had disappeared.

The surroundings of the federal secretariat were also quiet, as civil servants were asked to stay off work from Friday until Tuesday.

Security at five-star hotels

At the Fraser Suites Hotel, one our correspondents observed the presence of four armed police officers stationed at the entrance and an NSCDC squad car in the parking lot and a couple of military officers in the hotel lobby on Saturday.

Hotel security officers conducted car bomb checks upon entry and also directed guests to go through the metal detectors, as well as put their luggage through the detectors.

Some foreign nationals, believed to be delegates of European and Asian countries were spotted moving in and out of major Abuja hotels. The front desk officer confirmed that the hotel was fully booked and would only be available after the inauguration.

At the Transcorp Hilton, several vehicles both of the Nigeria Police Force and the NSCDC were stationed at the junction of Aguiyi Ironsi Street where the hotel is located.

Four officers of both security agencies manned the street and took turns in patrol. While two armed officers were spotted at the exit and entry points of the hotel.

A hotel employee confirmed that the hotel was fully booked, adding that some of the clients included top officials of the Nigerian government as well as foreign dignitaries.

“Yes, we have quite a number of VIP guests, including delegates of foreign governments, but that is the most I can say,” the employee, who pleaded anonymity, stated.

Meanwhile, the police deployed personnel to be on guard for the protection of Aso Rock Presidential Villa and provide security around the Eagle Square.

The personnel are to man all borders, seaports and airports for the purpose of achieving a hitch-free ceremony on Monday.

Sunday PUNCH reports that the Force Public Relations Officer, CSP Olumuyiwa Adejobi, earlier disclosed this in a statement on Thursday.

Personnel for the inauguration were drawn from Special Forces namely, the Police Mobile Force, Counter-Terrorism Unit, Special Protection Unit, Anti-Bomb Squad, FIB-Intelligence Response Team, and the Special Tactical Squad, among others.

Also deployed by the police were helicopters and drones for aerial surveillance in Abuja and its environs, as well as water cannons and armoured personnel carriers.

The Inspector-General of Police, Usman Baba, said police officers and other security operatives were currently located along routes to-and-from the inauguration ground.

However, bands of merrymakers have also besieged the nation’s capital to add colour and melody to the inauguration.

The video of a band entertaining people at the Abuja airport on Saturday was shared on social media.

The drummers were seen at the airport welcoming guests with songs and dances as they disembarked from their aircraft.


Fight corruption, unite Nigerians, Buhari, ex-Kenyan president tell Tinubu

In another development, the President, Major General Muhammadu Buhari (retd.), and former Kenyan President, Uhuru Kenyatta, on Saturday tasked the President-elect to work towards uniting Nigerians irrespective of ethnic and political affiliation.

Both leaders gave the charge during the Inauguration Lecture at the International Conference Centre in Abuja.

This was contained in the statement issued on Saturday by Tinubu’s media officer, Tunde Rahman.

In his keynote address, Kenyatta pleaded with the incoming president to unite the country irrespective of ethnic, political and religious cleavages that might exist.

“The contest is now over and the hard work of building a prosperous and unified Nigeria now begins. Upon assuming the office of President, you will be wise to transcend from tactical politics of an election and assume your role as Nigeria’s vision bearer,” Kenyatta said.

The President also re-echoed Kenyatta’s appeal, stressing that the inauguration lecture highlighted the imperatives of democratic governance, nation-building and various challenges confronting the socio-political fabrics of Nigeria.

He spoke extensively on the significance of democracy in driving Nigeria’s sustainable development.

Tinubu, who was represented by Shettima, used the opportunity to call on Nigerians to stand together with the incoming administration to birth a better country.

Meanwhile, the Sultan of Sokoto, Sa’ad Abubakar, has told the President-elect not to occupy his mind with the thought of winning the next election, but on how to develop the country and the next generation.

The Sultan spoke at an event where the former Kenyan President delivered an inaugural lecture titled, ‘Deepening Democracy for Integration and Development’.


Atiku, Obi shun inauguration

In another development, the Peoples Democratic Party presidential candidate, Atiku Abubakar, is not expected at the inauguration.

This was disclosed to Sunday PUNCH by the Media Adviser to the former Vice President, Mr Paul Ibe.

Giving reasons why his principal will be absent from the event, Ibe denied knowledge of Atiku’s invitation to the event.

The former Vice President, he said, would be in Yola, the Adamawa State capital, on Monday for the commencement ceremony of the American University of Nigeria, a school he founded in 2003.

In the same vein, the presidential candidate of the Labour Party, Peter Obi, has turned down the prospect of attending the May 29 inauguration of Tinubu.

Obi, who spoke through his media aide, Emeka Obasi, told one of our correspondents that it would be absurd for him to be seen attending the inauguration of the same person he believed didn’t win the 2023 presidential election.

The development is coming in the wake of Obi and his running mate, Datti Baba-Ahmed’s, visit to Kaduna on Saturday for the fathia (wedding ceremony) of his deputy campaign director, Alhaji Augie Mohammed’s daughter.


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