Precious Nwonu, Enugu The Anambra State Government has challenged former Governor Peter Obi’s claim that he left more than ₦2.13bn in an ecological fund account when he handed over power in 2014. The government said records from First Bank showed that the account identified by Obi was an Internally Generated Revenue Consolidated Revenue Account and … [Read more…]
Precious Nwonu, Enugu Presidential candidate of the Nigeria Democratic Congress, Peter Obi, has challenged the Anambra State Government to provide evidence that his administration left behind unpaid debts, salaries, pensions and contractor liabilities when he left office as governor. Obi, who governed the state from 2006 to 2013, made the challenge in a statement posted … [Read more…]
Part of the report read, “Sustained use of direct monetary financing could raise risks to macroeconomic stability – given the current weak institutional safeguards – but we expect the FGN to reduce its use of the facility in 2021. “The FGN directly borrowed 1.9 per cent of GDP from the CBN to fund its … [Read more…]