Peter Obi Disputes Anambra Debt Claims from His Tenure

Peter Obi, the former governor of Anambra, stated that the debt figure presented by the Anambra Government does not accurately reflect his administration's financial legacy. He made these comments during an appearance on Arise TV, responding to claims that eight external financing facilities from his tenure had an original value of $123.77 million, with $92.35 million outstanding as of June 30, 2026.

Obi emphasized that he neither borrowed money from financial institutions nor issued bonds on behalf of Anambra during his eight years in office. He clarified that the facilities were primarily for development programs negotiated through the Federal Government and included institutions like the World Bank.

Obi argued that the timing of drawdowns should be considered, as some occurred after he left office in March 2014. He also contested the classification of undrawn facilities as debt, stating that proper public sector accounting should differentiate between approved amounts and actual funds drawn.