In the first part of this publication, dated and issued
yesterday, 28th of November 2015, the leaderships of International
Society for Civil Liberties & the Rule of Law (Intersociety) and the
Anambra State Branch of the Civil Liberties Organization (CLO) expressed
deep concern and dismay over rivalries considered unnecessary, distractive and
developmentally unhealthy; between the present Government of Anambra State
under His Excellency Chief Willie Obiano and his predecessor, Mr. Peter Gregory
Obi.
For the records and avoidance of
doubt, the consistent and uncompromising advocacy roles of the Anambra State
Branch of the Civil Liberties Organization in promoting democracy, good
governance and public accountability as well as preservation and protection
of human rights particularly the civil and political rights in
Anambra State is dated back to 1999 during the return to civil rule in the
State and reached their peak during the 2003 armada of electoral fraud.
The same roles by the International Society for Civil Liberties & the
Rule of Law started in 2009 and have remained resiliently sustained
since then. Our common objective in doing these is for the advancement
and sustenance of the collective interest of the people of the State
through democracy, good governance, public accountability and human rights.
Again, we call on the Government of
Anambra State under Governor Willie Obiano to move the State forward and stop
dwelling in the past. Former Governor Peter Obi has governed the State and left
it with enviable records yet to be attained by any Nigerian State Governor in
the past forty years. What is desperately needed by the State and its peace
loving people is to be taken to greater heights and not to be returned to cave
and pariah status through politics of legacy destruction and indebtedness.
We remain resiliently opposed to attempts to sink the State into serial
indebtedness.
For Governor Willie Obiano to
succeed and write his name in immortal gold, he must return to the drawing
board and streamline his governmental approaches particularly in the area of management
of governance costs. The Governor must be reminded that Anambra
People did not elect him for the purpose of comfort of office and
promotion of favoritism, nepotism and cronyism or for the purpose
of owambe governance; but to steadily put smiles on the faces of
the people of the State through massive infrastructural development and
maintenance as well as mass provision of tangible and intangible
dividends of democracy. A governor that maintains up to 200, if not
over 200 SAs alone and still appointing more till date; has laid
a foundation of governance failure. With this number of SAs (operating
under trees) alone, there is compound confusion in the State
corridors of power as well as such SAs functioning as SAs
of distraction and destruction.
The Governor should return to work
and embark on massive rehabilitation of all failed portions of the State roads
under operation zero portholes. Many of the State’s
inter-LGA and inter-city roads have failed in part owing to devastating
effects of the last rainy season, soil volatility of the State landscape as
well as unchecked blockage of drainages and waterways. All the 21 LGA chairmen should
be directed to compile and forward for immediate attention all the failed roads
in their areas. We further demand the immediate recommencement of work on all
road projects in the State including those started by former Governor Peter Obi
administration and those awarded by the present Obiano administration;
irrespective of their areas of location. We totally say no to project
abandonment in the State!
We have also observed that the Lagos
Park (former MICMERA) to Onitsha Army Barracks section of the Onitsha-Enugu
Expressway as well as the Toronto Hospital to the Grail Message service lane of
the Expressway is yet to be fully asphalted till date. This should be completed
inexcusably. Permanent solution should also be found to address the menace of the
flood threatening to cut off and wash away the newly reconstructed Nkpor-Awka
Old Road at its Ogidi section. The Borrow Pit hosting the flood
is overstretched; requiring a proper drainage to evacuate the flood to
neighboring rivers or floodways. Issue of blocked drainages and gutters in the
State should promptly be addressed using this dry season. The Governor’s
intervention at the Nkpor Flyover gullies along Onitsha-Enugu Expressway
without waiting till thy kingdom come for Federal Government; is
very commendable. Similar intervention at the gullies threatening the lifespan
and usage of the Onitsha-Owerri Dual Carriage Road at Okija (opposite
Obijackson Industries) is also commendable. Such intervention is further needed
at the right side of the Okija Bridge, which has completely collapsed.
Below is the statistical breakdown
of the cash left by the Peter Obi administration in the
State’s Ministries and Departments (MDAs) bank accounts as well as foreign
currency (dollar) bonds in Fidelity, Diamond and Access Banks and the
State’s capital investments in companies named below; as at 17th
March 2014. Also contained in the statistical breakdown are the surpluses
yielded by the two investments as of November 2015, excluding the liquid cash
so left for Governor Willie Obiano. We had in the first part of this
publication, promised to release the statistical breakdown in this concluding
part. We, therefore, call on Governor Willie Obiano to ensure the protection
and safety of the two sets of investments as well as investment of the State
resources in more thriving and lucrative companies. If any of the investments
has truly gone missing, it must be located, brought back and restored.
Banks Where the MDAs’ Cash Balances
of N41.48Billion were lodged as at 17th March 2014:
A. Fidelity Bank PLC:
(1) Account Name: School Borehole
Project Account; Account No: 5030025215; amount as at 17th of March
2014 was N115, 811,677.65; (2 ) Account Name: Anambra State School Development
Project Account; Account No: 5030025246; amount as at 17th March, 2014 was
N354, 334,833.51;(3) Account Name: Ministry of Commerce and Industry; Account
No: 5030005521; amount as at 17th March, 2014 was N820,649,577.74; (4) Account
Name: Special Excess Crude Account; Account No: 5030005239; amount as at 17th
March, 2014 was N2,072,864,334.98; (5) Account Name: Anambra State Special
Project Account; Account No: 5030005332; amount as at 17th March, 2014 was
N101,906,722.45; (6) Account Name: Ministry of Works; Account No: 5030005514;
amount as at 17th March, 2014 was N2,403,862,359.89; (7)Account Name: Anambra
Strategic Reserve Account; Account No: 5030025875; amount as at 17th March,
2014 was N808,099,248.30.
Others are: (8) Account Name:
Ministry of Works (DLA) Account; Account No: 5030025545; amount as at 17th
March, 2014 was N2, 029,706,380.45; (9 ) Account Name: Ministry of Education
Account; Account No: 5030005772; amount as at 17th March, 2014 was N142,748,067.90;
(10) Account Name: MDG Set Aside Project Account; Account No: 5030042724;
amount as at 17th March, 2014 was N199,024,262.09; (11) Account Name: MDG Set
Aside Project Account; Account No: 5030042731; amount as at17th March, 2014 was
N199,024,262.09; (12) Account Name: MDG Set Aside Project Account; Account No:
5030042748; amount as at17th March, 2014 was N199,024,262.09 (13) Account Name:
MDG Set Aside Project Account; Account No: 5030042755; amount as at 17th March,
2014 was N199,024,262.09 (14) Account Name: MDG Set Aside Project Account;
Account No: 5030042762; amount as at17th March, 2014 was N199,024,262.09.
The rest are: (15) Account Name: MDG
Set Aside Project Account; Account No: 5030042717; amount as at17th March, 2014
was N199,024,262.09; (16) Account Name: Ministry of public Utilities/ Water
Resources Account; Account No: 5030045428; amount as at 17th March, 2014 was
N209,420,221.47; (17) Account Name: Local Govt Community Development Account;
Account No: 5030042391; amount as at 17th March, 2014 was N1,734,069,061.09;
(18) Account Name: Anambra State Government Rehabilitation of Roundabout Roads
Account; Account No: 5030047138; amount as at 17th March, 2014 was N3,
399,545,250.00; and (19) Account Name: Anambra State Government Account:
Account No. 530047097; amount as at 17th of March 2014 was
N3,048,355,196.79.
Total Cash Balance in
Fidelity Bank as at March 17th, 2014:N18,435,518, 504.3 (Eighteen Billion, Four
hundred and Thirty-Five Million, Five Hundred and Eighteen thousand, Five
Hundred and Four Naira, Three Kobo).
B. Diamond Bank PLC:
(1) Account Name: Joint Account;
Account No: 0022404540; amount N3, 276,354,490.46; (2) Account Name: UBE
Matching Grant Account; Account No: 0031151473; amount N2, 101,864,766.68; (3)
Account Name: UBE Matching Grant Account; Account No: 0023484282; amount N1,
614,405,750.64; (4) Account Name: 2012 MDG Account; Account No: 0029605487;
amount N191, 463,796.49.
The rest are: (5) Account Name:
Ministry of Education Account; Account No: 0036410070; amount N536, 385,407.85;
and (6) Account Name: Anambra State Subsidy Account; Account No: 0026290200;
amount N5, 126,258,908.72.
Total Cash Balance in Diamond Bank
PLC as of 17th March 2014: N12,846,733,120.8 (Twelve Billion, Eight
Hundred & Forty Six Million, Seven Hundred & Thirty-Three Thousand, One
Hundred & Twenty Naira, Eight Kobo)
C. Enterprise Bank (now Heritage
Bank):
(1) Account Name: Anambra
State Local Govt. Education Set Aside Account; Account No 1400034787,
amount is N189,990,550; (2) Account name is Ministry of Youth and Sports
Account; Account No is 1400036145, amount is N567,904,301.24; (3) Account Name:
Permanent Secretary Govt. House, Awka, Account; Account No is 1400036138,
Amount is N1,928,596,191.25.
Total Cash
Balance in Enterprise (now Heritage Bank) as of 17th March 2014:N2,
686,491,042.49 (Two Billion, Six Hundred and Eighty-Six Million, Four Hundred
and Ninety-one thousand, Forty-two hundred and forty-nine kobo)
D. Cash left in the State’s Accountant General’s Payment
Accounts as at 17th of March 2014 comprising: FAAC (federal
allocations), VAT (federal Value Added Tax) and IGR (internally generated
revenues) funds are the following: (1) FAAC Statutory Account in
Fidelity Bank PLC (Account No. 5030026223); (2) VAT (FAAC) in Fidelity Bank PLC
(Account No. 5030026230) and (3) IGR Main Account in Awka Branch of UBA PLC
(Account No. 1006437348); totaling N5, 372,730,886.06 (Five Billion,
Three Hundred & Seventy Two Million, Seven Hundred & Thirty Thousand,
Eight Hundred & Eighty Six Naira, Six Kobo).
E. First Bank:
1. Name of Account: Anambra State
Govt. Consolidated Account; Account No: 2018779464; amount is N2,
139,951,400.00 (from where the garnishee order of the Federal High Court
authorizing the seizure and transfer of N1.8Billion to liquidate the unpaid
arrears of the State Water Corporation in 2014 was effected).
Total Cash
Balance in First Bank PLC as of 17th March 2014: N2,139,951,400.00
(Two Billion, One Hundred & Thirty Nine Million, Nine Hundred &
Fifty-One Thousand, Four Hundred Naira)
F.As at March 17th 2014:
(i) Cash Balance in Fidelity
Bank PLC: N18, 435,518, 504.3
(ii) Cash Balance in Diamond Bank
PLC: N12, 846,733,120.8
(iii) Cash Balance in Enterprise
Bank PLC (now Heritage Bank): N2, 686,491,042.49
(iv) Cash Balance in United Bank for
Africa (UBA) PLC: N5, 372,730,886.06
(v) Cash Balance in First Bank PLC:
N 2,139,951,400.00
Grand Total Cash Balances: N41,
481,424,954.15 (Forty-One Billion, Four Hundred and Eighty-One Million, Four
Hundred and Twenty-four Thousand, Nine Hundred and Fifty-Four Thousand, Fifteen
Kobo).
Foreign Currency Bond Investments:
A. Fidelity Bank PLC (via a letter from the Bank to the then
Accountant General of Anambra State, dated 5th March 2014 in
response to the AG’s earlier letter referenced: AG/AN/S.500/VOL.111/54). Total
dollar bond purchased: $55,202,776.83.
B. Diamond Bank PLC (via a letter from the Bank to the then AG,
dated 10th February 2014 in response to the AG’s earlier
letter dated 31st October 2013 and referenced: AG/AN/ S.500/VOL.111/17).
Total dollar bond purchased: $50,000,000.00.
C. Access Bank PLC (via letter from the Bank to the then
Accountant General of Anambra State, dated 31st January 2014
confirming purchase of dollar bond by the Government of Anambra State in
November 2013). Total dollar bond purchased: $49,966,504.08.
Total Dollar Bonds Purchased from
the three Banks: $155,486,125 (One Hundred & Fifty-Five Million, Four
Hundred & Eighty-Six Thousand, One Hundred & Twenty-Five Dollars) or
N26, 500,000,000 (Twenty-Six Billion, Five Hundred Million Naira).
Current or November 2015 Value
of the dollar bonds: $176, 804, 343.64 (One Hundred & Seventy-Six Million,
Eight Hundred & Four Thousand, Three Hundred & Forty-Three Dollar,
Sixty-Four Cents).
Accrued Interests (2014-2015): $21,
318, 217.74 (Twenty-One Million, Three Hundred & Eighteen Thousand, Two
Hundred & Seventeen Dollar, Seventy-Four Cents) or N8, 86Billion.
Local Investments:
(1) Nigerian Independent Power Project (NIPP):N9Billion or
$58Million (current value worked by experts:N11.6Billion) ;(2) Orient
Petroleum:N4Billion; (3) Onitsha Hotel:N1Billion (said to have sold after the
exit of the Obi administration); (4) Agulu Lake Hotel:N1Billion; (5) Awka
Shopping Mall:N900Million; (6) Nnewi Shopping Mall:N600Million; (7) Onitsha
Shopping Mall:N1Billion; (8) Intafact Beverages Limited ( makers of Hero Beer):
N3.5Billion with additional investment of $10M (current value by
experts:N14Billion); (9) Onitsha Business Park 1:N300Million; (10) Onitsha
Business Park 11:N300Million; (11) Anambra State Independent Generating Plant
(ASIPGCL):N400Million or $2.5Million.
Others are: (12) E-Force
Limited:N126Million; (13) Emenite Limited:N750Million
with additional N223Million investment; (14) Quoted
Investment Portfolio: N350Million; (15) NSIA-Anambra State contribution (State
&LGA):N1.5Billion; (16) Investment with Bank of Industry to support SMEs in
Anambra:N500Million; (17) Investment with Bank of Industry to support Micro
Credit Bank in Anambra:N500Million (to be recovered in full); (18) Investment
with Bank of Agriculture to support credit to Anambra farmers: N480M (to be
recovered in full); (19) Commercial Agriculture Scheme N1Billion.
Total Cash
Value of Local Investments as at 17th March 2014:N27.2Billion
Total Cash
Value of Local Investment as of November 2015: N40.9Billion (surplus of
N13.7Billion)
Total Cash
Value of Foreign Currency Bond Investments as at 17th March
2014:$155,48Million or N26.5Billion
Total
Value of Foreign Currency (Dollar) Bond Investments (in Diamond, Fidelity &
Access Banks) as of November 2015:N35.36Billion or $176.8Million (surplus of
N8.8Billion).
Total Cash
left in the MDAs accounts in the above named commercial banks as at 17th
March 2014: N41, 481,424,954.15 or N41.48Billion
A: Grand
Total Value of Local Investments, Foreign Currency Bond Investments & Cash
left in the above named commercial banks as of 17th March
2014:N95.18Billion
B: Total Value of the above named Local Investments,
MDAs Cash left in the above named Commercial Banks and the Foreign Currency
(Dollar) Bond Investments in Diamond, Fidelity & Access Banks as of
November 2015:N117,748, 293, 682.80(One Hundred & Seventeen Billion,
Seven Hundred & Forty-Eight Million, Two Hundred & Ninety-Three
Thousand, Six Hundred & Eighty-Two Naira, Eighty Kobo).
That is to
say that the Peter Obi administration left a total cash and investment of
N95.18Billion for Anambra State as at 17th of March 2014, with their
current value hitting N117.74Billion as of November 2015 or with a surplus of
N22.56Billion.
Note: All the investments are
recoverable and exclude over N20B refundable cash spent by the Obi
administration in reconstructing some federal roads in the State, out of which
over N14B had been approved for refund by the Federal Government as at 2014.
Singed:
For:
Intersociety & Anambra CLO
Emeka
Umeagbalasi
Board
Chairman
International
Society for Civil Liberties & the Rule of Law
+2348174090052
Obianuju
Igboeli, Esq.
Head,
Civil Liberties & Rule of Law Program of Intersociety
Comrade
Aloysius Attah
Chairman
Anambra
State Branch of the Civil Liberties Organization
+2348035090548
Comrade
Chibueze Nwajiaku
No comments:
Post a Comment
Please restrict your comment to the subject matter.