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Obi: I Did Not Owe Any Debt as Anambra Governor


The former Governor of Anambra State, Mr. Peter Obi, said he did not owe any debts or borrow from any organisation, both within and outside the country when he was Governor. He spoke through his Media Aide, Mr. Valentine Obienyem.

Obienyem who said that his attention was drawn to the news publication in the Pilot newspaper, classifying Anambra State among those owing various sums of money, with names of their culpable governors attached. The error, in the case of Anambra State, lies in the fact the paper gave the impression that the 17.6 Billion was incurred during Obi’s tenure.

His words: “While we recognize that States are owing under different Governments, I make bold to say that under Mr. Peter Obi Anambra State did not borrow any money nor raise bonds. The state only guaranteed the sum of 1 billion Naira borrowed by farmers in the State from Fidelity Bank. The development loan offer from the World Bank for education and erosion control, which has a 40-year moratorium, was not drawn down by Peter Obi ‘s government. Not even one kobo was taken when Obi was the Governor.”

Obienyem said that the irony of the Nigerian situation today was that while other States raised bonds and borrowed money and still owed salaries and consequently left big debts, Mr. Peter Obi fulfilled all his financial obligations without owing salaries or contractors; and without raising bonds. Despite this he still left 75billion Naira(cash and investment) for the State. Obienyem said it was on record that he even liquidated arrears of pension and gratuities amounting to over 37 Billion Naira owed in the State since 1991. “Even in his handover note, Obi excluded about 5billion Naira already made available to pay the March 2014 salaries, pension and gratuity as well as for certificates for already executed projects as part of the money he was leaving behind”, Obienyem said.

Obienyem, who described Obi as a prudent and consummate financial planner, said that the 156 Million Dollars he saved and interest accruing there to was today worth over 35Billion Naira, excluding the Naira component of the money he left”, Obienyem said.

Obienyem who disclosed that the Debt Management office can always confirm the financial situation of Anambra State during the time of Peter Obi and at all time, also challenged any person insinuating that Obi borrowed money to name the financial institution through which he did that.

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