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Home› Nigeria› Anambra debt: I never borrowed or issued bonds as governor — Obi insists

Anambra debt: I never borrowed or issued bonds as governor — Obi insists

NigeriaSep 25, 2026, 6:08 AM
Anambra debt: I never borrowed or issued bonds as governor — Obi insists
NEWS DESKNigeria
PUBLISHEDSep 25, 2026, 6:08 AM
NEWS BRIEF

What the source reports

The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has insisted that he did not borrow money or issue bonds on behalf of Anambra State during his eight years as governor. Obi spoke on Arise Television’s Prime Time on Thursday while responding to allegations by the Anambra State Government that his administration left loans and other financial liabilities for successive governments to service. The former governor said he left office in March 2014 without owing salaries, pensions, gratuities or contractors whose projects had been completed, certified and verified. “Let me categorically state again: I, Mr Peter Obi, did not approach any financial institution to borrow money or issue bonds on behalf of Anambra State in the eight years I was in government,” he said.

“On the day I left office, the government of Anambra State, which I headed, was not owing any salary, gratuity, or pension to those scheduled to be paid by the state government. We were not owing any contractor or supplier who executed his job, certified and verified — not one. ” Obi said some of the facilities being attributed to his administration were concessionary funds secured by the Federal Government and made available to states for specific development programmes. He cited the State Education Programme Investment Project (SEPIP), saying Anambra was among three states — alongside Ekiti and Bauchi — selected for concessionary multilateral support because of their performance in education. “Yes, and the World Bank,” Obi said when asked if the funding was provided through a Federal Government arrangement. “To support us. Not that we go to the World Bank and say give me this, not that we go to any commercial bank. And to even make it more… when it came, if you look at SEPIP, you…

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Main source: Vanguard

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