Former Abia State governor, Chief Orji Uzor Kalu, left a debt burden of N29.2 billion without a kobo in the account as credit balance, when he left the saddle in 2007, national chairman of the Progressive Peoples Alliance(PPA), Lisa Olu Akerele, has disclosed.
Akerele said in a press statement in Abuja on Monday, that Chief Kalu owed the banks N19.2 billion; debts to local contractors were N7.9 billion, pension harmonisation arrears N600 million, while gratuities were in arrears was to the tune of N1.4 billion as of May 2007.
He noted that monthly interests on the loans were so high that they depleted the state’s allocation from the Federation Account “which suffered deductions at source for these unwarranted debts.”
He said that these debt weighed down heavily on the performance of the governor, Chief Theodore Orji, who in spite of these debts had continued to forge ahead in the development of Abia State.
Akerele maintained that most of the bank loans were sourced by Chief Kalu for personal businesses and ingratiation of his hirelings, who now stood behind him in the PPA.
He disclosed, that much of the presidential campaign expenses of Chief Kalu in 2007 were sourced from the state coffers, urging the Economic and Financial Crimes Commission (EFCC) to gather more information from the state government in order to ensure a conviction of the former governor standing trial.
Akerele also advised Governor Orji to open up to the EFCC on his former boss so that an iron cast case could be established against Chief Kalu to nail him once and for all, over his financial recklessness and the plundering of Abia State resources.
Godly WISDOM is to Fear God. His UNDERSTANDING is to resist the devil.
Posted: at 17-07-2010 05:36 AM (14 years ago) | Gistmaniac
ksurrina at 17-07-2010 05:40 AM (14 years ago) (f)
I sincerely hope whomever win the next President Election will bring everyone to court irrespective of who they are! Millions are suffering while they are living the high life. Black man time we said but these black men has done us more than what the white has done to us. Nigeria, Jamaica and Zimbabwe we have feel the hands of them.
Godly WISDOM is to Fear God. His UNDERSTANDING is to resist the devil.
Posted: at 17-07-2010 05:40 AM (14 years ago) | Gistmaniac
popo2009 at 17-07-2010 08:21 PM (14 years ago) (m)
No wonder why my state is the worst in the whole country He has investments all over the world at the expense of the innocent Abians If EFCC failed to do their job this time, they should be dissolved.
Posted: at 17-07-2010 08:21 PM (14 years ago) | Gistmaniac
No wonder why my state is the worst in the whole country He has investments all over the world at the expense of the innocent Abians If EFCC failed to do their job this time, they should be dissolved.
but my broda is dat guy really from Abia state coz i know that mr Uzor Kalu says that he is not the father of that young man
Posted: at 17-07-2010 08:27 PM (14 years ago) | Gistmaniac
@ Ajanni you are right my broda, some heartless ''bastard'' putting the people through unwarranted suffering...you need to see all the roads...rubbish
i have been there , but very long ago , that area supose to have been a small london by now , but the hopeless politician have turned it to haven and national head quarter for kidnapping business now , any way GOD dey , and e go good ooo
Posted: at 17-07-2010 08:50 PM (14 years ago) | Grande Master
nice9ija at 17-07-2010 09:18 PM (14 years ago) (m)
Quote from: ndjoe on 17-07-2010 08:27 PM
Quote from: popo2009 on 17-07-2010 08:21 PM
No wonder why my state is the worst in the whole country He has investments all over the world at the expense of the innocent Abians If EFCC failed to do their job this time, they should be dissolved.
but my broda is dat guy really from Abia state coz i know that mr Uzor Kalu says that he is not the father of that young man
so why he put him there?......now he is not bringin returns to him he is there saying rubbish
Posted: at 17-07-2010 09:18 PM (14 years ago) | Gistmaniac
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