Anambra Government Claims Obi Left N127.4B in Loans

The Anambra State Government, through Commissioner for Information and Value Reorientation Law Mefor, stated that former Governor Peter Obi left behind eight external loans totaling N127.4 billion as of June 30, 2026. Mefor disputed Obi's claim of leaving N2.1 billion in an ecological fund, stating there were no records of such funds during his eight-year tenure.

The loans were reportedly contracted for various projects, including malaria control, education, and healthcare, and remained outstanding when Obi handed over to Willie Obiano on March 17, 2014. Mefor emphasized that while borrowing is not inherently wrong, the outcomes of the loans inherited from Obi were questionable, citing deficiencies in public services and unresolved issues of insecurity and poverty at the end of Obi's administration.

The government indicated that it would support borrowing for productive investments if properly utilized. This statement marks a continuation of the dispute regarding the financial legacy of Obi's administration.