By George Omagbemi
The controversy over the financial legacy of former Anambra State Governor Peter Obi has intensified, with the state government releasing what it describes as documentary evidence of debts and financial obligations allegedly inherited from previous administrations.
In a statement issued on Wednesday, September 16, 2026, Commissioner for Information and Value Reorientation, Law Mefor, said eight external loans linked to projects undertaken during or inherited into Obi’s administration had an outstanding balance of $92.35 million, which the government put at about ₦127.37 billion as of June 30, 2026. The loans were connected to projects involving healthcare, education, erosion control, agriculture and community development.
The government also challenged Obi’s claim that he left more than ₦2.13 billion in an ecological fund account when he handed over power in 2014. Mefor said a certified First Bank statement obtained by the government showed that the account cited by Obi was an Internally Generated Revenue Consolidated Revenue Account and did not contain the amount described as an ecological fund.
Obi has rejected the allegations, maintaining that he left office without owing salaries, pensions, gratuities or contractors for duly executed and certified projects. He challenged the government to produce evidence to the contrary, saying he would stop his 2027 presidential campaign if it could establish that he left such debts.
The central issue now is not simply political argument, but whether the loan agreements, repayment records, bank statements and audited financial documents independently establish which administration incurred and remained responsible for each obligation.
Leave a Reply