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Peter Obi

The Presidency and former Anambra State Governor Peter Obi have clashed over the financial position of the state when he left office in 2014, with the dispute now forming part of the political debate ahead of the 2027 presidential election.

The Anambra State Government recently released debt records which it said showed that Obi’s administration left outstanding financial obligations, including external loans and other liabilities.

The state government, through its Commissioner for Information and Value Reorientation, Law Mefor, said records from the Debt Management Office indicated that loans contracted during Obi’s tenure remained outstanding after he left office.

The government put the outstanding balance of the external loans at about $123.77 million, with the naira value of the balance calculated at approximately N127.4 billion as of June 2026.

The administration also alleged outstanding pension and gratuity obligations and other liabilities connected with the period.

Obi has rejected the claims, insisting that he left office without unpaid salaries, pensions, gratuities or obligations to contractors for duly executed and certified projects.

In a statement, the former governor said his administration had cleared more than N35 billion in historical gratuities and arrears and maintained that Anambra had been handed over without the liabilities being alleged against him.

The dispute escalated after Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, weighed into the controversy.

Onanuga referred to Obi’s previous position that he would abandon his presidential ambition if evidence emerged that he left Anambra with outstanding debt.

The presidential aide subsequently challenged Obi to act on that position following the release of the state government’s debt records.

Obi’s supporters have maintained that the figures being presented require proper context, particularly concerning the nature, purpose and repayment status of loans contracted by successive administrations.

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The Anambra controversy has therefore developed into competing claims over the state’s fiscal record, with both sides relying on different interpretations of the financial information.

The dispute is unfolding against the backdrop of the 2027 presidential contest, in which Obi is expected to be one of the prominent candidates.

The disagreement has also renewed attention on the importance of publicly verifiable debt records, handover documents and audited financial statements in assessing the financial position of state governments after changes in administration.

The Traffic NG
Peter Obi
Amarachi Ihesiulo
The Traffic NG

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