‘I Did Not Borrow Or Issue Bond For Anambra’, Obi Challenges $123.77m Debt Claim
The state says eight external loans remained outstanding, while Obi insists he left no unpaid salaries, pensions or contractor debts.
- Anambra State government officials released records attributing eight external loans, valued at $123.7 million, to former Governor Peter Obi's administration, claiming outstanding balances of about $92.35 million are still being serviced via monthly federation allocation deductions.
- Responding to the allegations, Peter Obi, the Nigeria Democratic Congress presidential candidate, rejected the claims as "completely false," vowing to end his 2027 presidential campaign if anyone proves he left behind outstanding obligations like unpaid salaries or contractor liabilities.
- Supporting his denial, Obi's camp published a handover report dated March 17, 2014, listing over N86 billion in assets, while the state government disputes his claim of N2.1 billion in an ecological fund account, describing the reported "savings" as phantom accounting.
- Calling Obi's fiscal record a "facade of falsehood," the All Progressives Congress Presidential Campaign Council urged him to withdraw from the 2027 race, with spokesperson Dele Alake citing legacy Water Corporation salary arrears to challenge his fiscal prudence claims.
- This recurring pattern of contested financial handovers between administrations underscores the high stakes of the 2027 election, leaving voters navigating competing versions of fiscal history as both the current government and Obi leverage conflicting data to challenge credibility.
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63 Articles
Anambra Debt Row: Presidency dares Obi To quit 2027 race
The Presidency has put former Anambra State Governor Peter Obi’s 2027 presidential bid at the centre of the controversy over the finances he left behind when he handed over power in 2014. It challenged him to honour his pledge to stop campaigning if his claims of leaving the state debt-free are disproved. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, said on Wednesday that Obi had set the terms himself by of…
Obi: I paid all debts due before leaving office
AWKA — The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has rejected claims that his administration left outstanding debts for the Anambra State Government to repay, saying he settled all obligations due before handing over power in 2014. Obi made the clarification in a video from the Voice of Ndi Anambra Podcast […]
We're still repaying loans incurred by Peter Obi, others - Anambra govt
The latest claim was coming despite Mr Obi's repeated position that, while exiting office as governor, he left for the state a total of $50 million each in Access, defunct Diamond and Fidelity banks - totalling $150 million - with an interest rate of at least 6.5 per cent.
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