$155m Left Behind, $750m Liabilities: Anambra Govt Opens Fresh Obi Files - Newstrends
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$155m Left Behind, $750m Liabilities: Anambra Govt Opens Fresh Obi Files

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2027: Soludo Govt Accuses Peter Obi Of Plot To Destroy APGA
Governor Chukwuma Soludo and Peter Obi

$155m Left Behind, $750m Liabilities: Anambra Govt Opens Fresh Obi Files

The Anambra State Government has acknowledged that former Governor Peter Obi left about $155 million in foreign-currency investments when he handed over power in 2014, while maintaining that his administration also left substantial financial commitments, including liabilities associated with road projects.

The fresh disclosure has deepened the continuing disagreement between Obi and the administration of Governor Chukwuma Soludo over the financial position of Anambra State when Obi left office.

The dispute centres on how the state’s assets, debts, development financing and outstanding project commitments should be calculated and attributed.

The Anambra Government recently released details of eight external financing facilities linked to development projects undertaken during the Obi administration.

According to the figures cited by the government, the facilities had a combined contracted value of about $123.77 million, with approximately $92.35 million outstanding as of June 30, 2026.

Obi has disputed the description of the facilities as conventional loans incurred by his administration.

The former governor has maintained that he did not borrow commercially or issue bonds during his tenure and that several of the facilities were concessionary development programmes arranged through the Federal Government and international development institutions.

Obi has also repeatedly pointed to the $155 million in foreign investments he said he left for his successor.

He argued that the funds constituted a significant financial asset of the state and should be considered when assessing the financial position of Anambra at the end of his administration.

According to Obi, the investments could also have generated substantial returns if they had remained invested.

The former governor has therefore challenged the presentation of the outstanding financing facilities as simply “debts left by Peter Obi”, insisting that the distinction between approved facilities, actual drawdowns and outstanding balances must be properly established.

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The Anambra Government, however, says the financial commitments inherited from the Obi administration went beyond the external financing facilities.

It has put the value of liabilities associated with road contracts and other project commitments at about $750 million.

The figure includes obligations connected to road projects awarded during the period, with the government maintaining that subsequent administrations had to contend with unpaid commitments arising from projects initiated under Obi.

The issue of inherited road liabilities has featured in previous exchanges between former Anambra governors.

Former Governor Willie Obiano, who succeeded Obi in 2014, had previously alleged that he inherited 101 road projects from the Obi administration and substantial financial obligations attached to them.

Obiano said at the time that his administration subsequently completed a number of the projects.

The latest dispute has, however, brought the issue back into focus as the Soludo administration seeks to establish its own account of the state’s financial position over successive administrations.

The controversy is complicated by the distinction between cash and investments held by the state and liabilities arising from projects and financing arrangements.

While Obi’s supporters have pointed to the foreign investments as evidence of the assets he left behind, the current administration has argued that the existence of those investments does not eliminate outstanding contractual or financing obligations.

The government has also released records relating to inherited salary arrears involving workers, pensioners and other beneficiaries of the defunct Anambra State Water Corporation and the Anambra State Environmental Protection Agency (ANSEPA).

The records reportedly show an obligation of about N363.38 million, with the state government saying it had been addressing the arrears under an agreement reached with the affected workers.

Obi has consistently maintained that his administration left office after settling salaries, pensions and other verified obligations that were due and certified.

He has also challenged successive administrations to provide documentary evidence for liabilities being attributed to his tenure and to clearly distinguish between obligations that were incurred, amounts actually paid and balances that remained outstanding.

At the centre of the disagreement is therefore not simply whether Anambra had assets or liabilities when Obi left office, but how those assets and obligations should be valued and classified.

The state government’s figures and Obi’s account present different interpretations of the financial records from the period, making the documentation surrounding the $155 million investments, the $123.77 million external financing facilities and the alleged $750 million project liabilities central to resolving the dispute.

The latest development is expected to keep the debate over Peter Obi’s administration, Anambra State’s debt profile and inherited liabilities alive as both sides continue to rely on financial records and handover documents to support their positions.

$155m Left Behind, $750m Liabilities: Anambra Govt Opens Fresh Obi Files

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CSU CERTIFICATE CONTROVERSY: How Ex-Lecturer Inadvertently Indicted Himself Over Claims Against President Tinubu

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Dr. Adetokunbo Pearse

CSU CERTIFICATE CONTROVERSY: How Ex-Lecturer Inadvertently Indicted Himself Over Claims Against President Tinubu

LAGOS — A fresh controversy surrounding President Bola Ahmed Tinubu’s academic credentials at Chicago State University (CSU) has taken an unexpected turn, following explosive claims made by a former lecturer at the institution, Dr. Adetokunbo Pearse.

Pearse, a chieftain of the Peoples Democratic Party (PDP) and governorship aspirant, publicly accused President Tinubu of never attending CSU, describing the Nigerian leader in harsh terms during a broadcast interview on News Central Television. Pearse claimed that as a former lecturer at CSU, he had direct knowledge of the institution’s records and served as the director of the program Tinubu reportedly attended.

However, Pearse’s allegations have sparked fierce backlash after key details of his timeline emerged, leading political analysts and presidential aides to conclude that the former lecturer effectively indicted himself.

The Discrepancy in Timelines

During his broadcast appearance, Dr. Pearse disclosed that he served as a lecturer and program director at Chicago State University between 1985 and 1990.

Official records previously confirmed by Chicago State University establish that President Bola Tinubu attended the university between 1977 and 1979, graduating with a Bachelor of Science degree in Business Administration in June 1979.

The six-year gap between Tinubu’s graduation in 1979 and Pearse’s arrival at the university in 1985 has drawn significant scrutiny. Critics point out that Pearse was not present at CSU during the years Tinubu studied there, undermining his claim of personal first-hand knowledge of student enrollments during the late 1970s.

Presidency and Allies Respond

Reacting to the allegations, aides to President Tinubu and members of the ruling All Progressives Congress (APC) cited major flaws in Pearse’s narrative.

Special Assistant to the President on Social Media, Dada Olusegun, highlighted the timeline mismatch, noting that a lecturer who joined CSU six years after a student had already graduated could not authoritatively claim personal knowledge of that student’s presence on campus.

“Facts are always scary to con-artists,” Olusegun noted, emphasizing that individual faculty members do not possess administrative ownership of an entire university’s historical database across different decades.

Furthermore, APC chieftains have demanded that Pearse retract his statement or face legal action for defamation, describing the allegations as politically motivated rhetoric aimed at heating up the polity ahead of future elections.

While certificate controversies have repeatedly resurfaced in public debate, legal investigations and past disclosures by Chicago State University have maintained that President Tinubu was indeed a registered student who completed his degree at the institution in 1979.

As public debate continues over the incident, Pearse’s attempt to present himself as the ultimate authority on the matter has instead turned the spotlight back onto his own timeline, leaving him to address the glaring inconsistencies in his claims.

 

For further context and analysis regarding public statements and legal responses to President Tinubu’s academic record controversies, you can watch Dr. Adetokunbo Pearse’s statement on Chicago State University records, which details the allegations and political reactions surrounding the issue.

 

CSU CERTIFICATE CONTROVERSY: How Ex-Lecturer Inadvertently Indicted Himself Over Claims Against President Tinubu

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Ogbomosoland Grand Chief Imam Marks Five Years in Office, Expresses Gratitude to Allah, Community

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Ogbomosoland Grand Chief Imam Marks Five Years in Office, Expresses Gratitude to Allah, Community

 

By Newstrends Reporter

 

The Grand Chief Imam of Ogbomosoland has celebrated five years of spiritual leadership and service, expressing profound gratitude to Almighty Allah for His guidance, wisdom and strength throughout his tenure.

 

The Islamic cleric marked the milestone on Wednesday, November 11, 2026, exactly five years after assuming the revered position of Grand Chief Imam of Ogbomosoland.

 

In a commemorative message reflecting on his journey since November 11, 2021, the cleric described his five years in office as a period of divine grace and responsibility, noting that the opportunity to lead the Muslim community had been a privilege for which he remained deeply grateful to Allah.

He said Almighty Allah had remained his source of strength and direction in the discharge of his responsibilities, particularly in guiding the affairs of the Muslim Ummah and promoting peaceful coexistence, unity and religious harmony across Ogbomosoland.

 

Reflecting on the achievements and challenges of the past five years, the Grand Chief Imam acknowledged the contributions of Islamic scholars, traditional rulers, community leaders and members of the Muslim community, whose cooperation and support, he said, had been instrumental to the progress recorded during his leadership.

 

He also extended appreciation to well-wishers, supporters and Muslim faithful who had stood by him throughout his tenure, offering prayers, encouragement and other forms of assistance.

 

The cleric particularly commended the dedication of Islamic leaders and scholars, stressing the importance of collective responsibility in advancing the cause of Islam and strengthening the bonds of unity among Muslims.

 

He said their unwavering commitment and cooperation had provided him with the necessary encouragement to navigate the demands of the exalted religious office.

 

The Grand Chief Imam also reserved special appreciation for his family members, acknowledging their sacrifices, patience, prayers and steadfast support behind the scenes.

 

According to him, the demands of the office had required considerable commitment, making the understanding and support of his family an invaluable source of comfort and strength.

 

Looking ahead, the Islamic leader called for continued commitment to peaceful coexistence, religious tolerance, knowledge and compassion, while praying for greater unity and development within Ogbomosoland.

 

He expressed hope that Almighty Allah would continue to grant him good health, wisdom and the strength to serve humanity better, deepen community relationships and promote Islamic teachings founded on peace, tolerance and compassion.

 

He further prayed for the continued blessings of Allah upon Ogbomosoland and Nigeria, seeking divine guidance and the opportunity for more years of meaningful service to humanity and the cause of Islam.

 

The cleric concluded his message with prayers for Allah’s continued favour and blessings upon all those who had supported his leadership journey, expressing gratitude for their contributions over the past five years.

 

He prayed that Almighty Allah would reward everyone who had contributed to the success of his administration and grant the Muslim community more fruitful years of service, unity and progress.

 

Jazakumullahu Khairan.

 

Ogbomosoland Grand Chief Imam Marks Five Years in Office, Expresses Gratitude to Allah, Community

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Osun NURTW Takes Adeleke Govt to Court Over Planned Park Management System

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Osun NURTW Takes Adeleke Govt to Court Over Planned Park Management System

 

By Newstrends Reporter

 

OSOGBO – The leadership crisis between the National Union of Road Transport Workers (NURTW), Osun State Council, and the state government has taken a fresh turn as the union has dragged Governor Ademola Adeleke’s administration before the State High Court over its proposed motor park management system.

 

The union is challenging the legality of the government’s plan to introduce a new management arrangement for motor parks across the state, arguing that the move could undermine its existing operational rights and violate relevant legal provisions.

 

The suit, instituted by the NURTW Osun State Council, is seeking judicial intervention to determine whether the state government has the legal authority to restructure motor park administration without complying with established statutory procedures.

 

The union is led by its State Chairman, Comrade Kazem Oyewale, popularly known as Asiri Eniba, alongside other executive members.

 

According to information contained in the suit, the union is contesting the proposed arrangement on grounds bordering on its constitutional right to freedom of association and the legality of the government’s intended changes to the existing park management structure.

 

The development signals an escalating confrontation between the transport union and the Adeleke administration over who should control the management and administration of motor parks in Osun.

 

NURTW Seeks Court Order to Stop Implementation

 

The union is reportedly seeking an injunction restraining the state government from implementing the proposed park management arrangement pending the determination of the substantive suit.

 

At the centre of the dispute is the government’s proposed restructuring of motor park administration, which the union believes could affect its established role in the state’s transport sector.

 

The disagreement also raises questions about the extent of state governments’ powers to regulate motor park operations, particularly where established transport unions are involved.

 

The defendants in the suit include Governor Ademola Adeleke and the Osun State Government.

 

Government Yet to React

 

As of the time of filing this report, the Osun State Government had not issued an official response to the lawsuit.

 

However, the proposed park management arrangement has been presented as part of efforts to improve transport administration, strengthen revenue collection and enhance commuter safety.

 

The court is expected to consider the legal arguments presented by both sides as the dispute progresses.

 

The outcome could have wider implications for the relationship between state governments and transport unions, particularly over the administration, control and revenue generation of motor parks.

 

Osun NURTW Takes Adeleke Govt to Court Over Planned Park Management System

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