Sunday, 19 June 2016

They said Peter Obi didn't take any Loan : Anambra State still Servicing Agricultural Loan taken by Peter Obi.


 

Anambra State is still servicing the N1bn Commercial Agricultural Loan obi borrowed from the Federal Government for onward lending to farmers in the State through the Ministry of Agriculture and All Farmers Association of Nigeria (ALFAN), Anambra Chapter. Unfortunately, the loan was listed in his handover as part of the phantom cash. It is not even an investment yet.

Peter Obi’s ...Aide, Val Obienyem, has been shouting that Anambra is taking a loan, how can Agric. revolving loan be listed as cash ?is it not deceptive ? As we speak, governor Obiano's been busy servicing the N1bn taken by his predecessors which is deducted monthly from the state share of FAAC allocation. Does it mean that Mr. Obienyem and the Social Media hacks do not know difference between cash and loan?
What kind of economics is that, loan as cash? To worsen matters, Peter Obi never put structure on ground to manage the loan and most of the farmers who are mostly cronies took. Haba!

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