Nigeria: 'I Paid What Was Due', Obi Rejects Anambra Debt Claim
The state says records show eight external loans and unpaid liabilities, while Obi says he left cash, investments and no outstanding debt.
- Anambra State officials claim Governor Charles Soludo's administration is repaying loans inherited from former Governor Peter Obi. Finance Commissioner Izuchukwu Okafor alleged deductions from federal allocations continue monthly to service these legacy debts.
- Following disclosures on a state-released podcast, officials argue eight external loans remain outstanding with a balance of N127.4 billion as of June 30, 2026. The dispute intensified when Okafor claimed the state government decided to release loan records to state the facts.
- Peter Obi rejected the allegations, asserting he left no debt and maintained over N75 billion in savings upon his 2014 departure. He challenged the state to prove misappropriation, vowing to end his 2027 presidential campaign if proven wrong.
- Supporting Obi, former Secretary Oseloka Obaze released 2014 handover documents to counter the state's claims. The Presidency separately challenged Obi to fulfill his pledge to quit the presidential race if inherited liabilities are established.
- The ongoing war of words between Obi and Soludo intensifies ahead of the 2027 election, with this financial records controversy becoming central to Anambra's shifting political landscape. The dispute reflects deeper tensions between the former and current governors.
49 Articles
49 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.
Anambra govt still repaying loans taken under Peter Obi, Willie Obiano – Soludo
Anambra State Government has said it is repaying loans obtained by previous administrations, including those of former governors Peter Obi and Willie Obiano. The State Commissioner for Finance, Izuchukwu Okafor, made this revelation on Sunday while speaking on the Ndi Anambra podcast released by the state government’s New Media team. According to him, the inherited […] Anambra govt still repaying loans taken under Peter Obi, Willie Obiano – Solu…
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