Eke O Ako’s Debt Arithmetic: When Liabilities, Loans And Debt Stock Are Thrown Into One Pot – By Pastor Prof Chukwuemeka Ifegwu Eke
Eke O Ako’s Debt Arithmetic: When Liabilities, Loans and Debt Stock Are Thrown Into One Pot Eke O Ako has produced what looks, at first glance, like an intimidating collection of figures against the Abia State Government. Unfortunately, once the figures are separated into their proper accounting categories, much of the dramatic conclusion begins to wobble. 😂 Numbers may be stubborn, but numbers placed in the wrong columns can also become very obedient servants of propaganda. The first problem with Eke O Ako’s argument is elementary: total liabilities in a government financial statement are not automatically synonymous with DMO public-debt…
