• News - South East - Anambra
  • Updated: March 23, 2022

Obiano Left Only N400 Million In State Treasury — Soludo 

Obiano Left Only N400 Million In State Treasury —  Soludo�

The newly sworn-in Governor of Anambra State, Charles Soludo, has raised the alarm over the poor state of finance of the state.

Speaking during Arise TV Morning Show yesterday, Soludo claimed that his predecessor, Willie Obiano, had left behind a paltry sum of between N300 and N400 million in the state coffers.

He however claimed he inherited a whopping debt running to hundreds of billions of naira, from his predecessor.

“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. 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.

The governor further expressed worry concerning this ugly development, saying “the state finance is in bad shape”, and in dire need of restoration.

Recall that the anti-graft agency, the Economic and Financial Crimes Commission (EFCC) had arrested Obiano on the night of Thursday, March 17, at the Murtala Muhammed International Airport in Lagos, following his handover to Soludo.

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

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