Why Peter Obi doesn’t deserve praise despite saving $150m – Anambra govt

“If they (successive administrations) just kept that money ($150m) that I left and was using the income to pay the loan, they would have finished paying it (the alleged debt) now with the capital, $150 million still remaining, and still giving Anambra State $10 million annually,” Mr Obi had said in the interview.

He further contended that although the asset side included N10 billion reportedly for “approved refund” by the federal government which was stated as part of the “net balance,” the money “was not received before he (Mr Obi) left office and no one is sure that the ‘approved refund’ ever came.

In the Saturday statement, Mr Mefor said although the state government was not disputing Mr Obi’s $150 million savings, the former governor showed “an uncomfortable lack of understanding of the purpose of government.