The Anambra State Government has released details of loans and other financial obligations it says were incurred during the administration of former Governor Peter Obi, disputing his claim that he left office without outstanding liabilities.
The state government, in a statement by the Commissioner for Information and Value Reorientation, Law Mefor, said eight external loans associated with projects during Obi’s administration had an outstanding balance of $92.35 million as of June 30, 2026. It valued the amount at about N127.37 billion using the exchange rate applied by the state.
According to the government, the original value of the eight loans was about $123.77 million. The loans were linked to projects covering areas including malaria control, healthcare, education, community development, erosion management and agricultural value-chain development.
The disclosure followed a renewed dispute between the state government and Obi over the financial position of Anambra when he left office in March 2014.
Obi had rejected claims that his administration left unpaid salaries, pensions, gratuities, contractors’ obligations or other liabilities. He said his administration had cleared more than N35 billion in historical gratuities and arrears before leaving office and challenged anyone with evidence to prove otherwise.
The Anambra Government, however, maintained that some liabilities remained and said its administration had continued to service loans incurred by previous administrations.
The state also disputed claims concerning an alleged N2 billion ecological fund-related liability and cited unpaid obligations involving some retired teachers and workers of the state water corporation.
The figures released by the government have been presented as part of the ongoing political dispute over Obi’s record as governor. The allegations remain contested, with Obi maintaining that he left the state without the outstanding obligations claimed by the current administration.
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