Thursday, October 8, 2026
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Special Features
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Special Features
  • Sports
No Result
View All Result
No Result
View All Result
Home Politics

Peter Obi Breaks Silence on Anambra Debt, Vows to Stop Campaigning If…

Philips News by Philips News
3 weeks ago
in Politics
Peter Obi Breaks Silence on Anambra Debt, Vows to Stop Campaigning If...

Peter Gregory Obi.

Share on FacebookShare on TwitterShare on Whatsapp

Peter Obi, the Presidential candidate of the Nigeria Democratic Congress (NDC), has rejected claims by the Anambra State Government that his administration left behind inherited debts, including a ₦2bn ecological loan, contractor liabilities and unpaid salaries, gratuities and pensions.

Philips News reports that in a statement on X on Tuesday, Obi described the claims as “completely false,” saying his administration had cleared more than ₦35bn in historical gratuities and arrears and handed over the state without outstanding salary, pension or gratuity obligations.

You might also like

Peter Obi Not a Threat to President Tinubu – Minister

President Tinubu Signs 2025 Budget Amendment Bill

President Tinubu’s Credit Scheme Unlocks ₦46.95bn in Loans for 67,512 Nigerians

The former Anambra governor said, “We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion.”

“At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified,” he added.

Obi was reacting to claims by the state government that the administration of Governor Chukwuma Soludo was still servicing debts incurred by previous administrations, including those of Obi and former Governor Willie Obiano.

Anambra State Commissioner for Finance, Izuchukwu Okafor, said the Soludo administration had not borrowed from any commercial bank since assuming office but had continued to service inherited loans.

Okafor said deductions were being made from the state’s Federation Account Allocation Committee funds to repay loans obtained by previous administrations, while noting that the government had reduced the state’s debt burden by more than 83 per cent.

However, Obi specifically disputed the claim concerning the ₦2bn ecological fund, explaining that the money was released shortly before he left office for the Oko/Umuchiana erosion crisis.

“The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis,” he said.

“Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.”

According to Obi, the money was left untouched in a First Bank account.

“The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion,” he said.

The NDC Presidential candidate also maintained that the money was not part of the savings he claimed his administration left for the state.

“It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind,” Obi said.

Meanwhile, PhilipsNews reports that Obi challenged the Anambra State Government or anyone else to produce evidence contradicting his account.

“If anybody can establish anything to the contrary, I will stop campaigning,” he said.

Previous Post

UK Court Fixes Dates for Poco Lee Plea Hearing, Trial

Next Post

Nigeria Records Fresh Inflation Decline as August Rate Falls to 15.39%

Philips News

Philips News

Philips News is an Independent online news platform owned by Nigerian journalist, Philips Sunday. We provide breaking news in Nigeria, in-depth analysis, and real-time updates on the stories shaping the nation

Related Posts

Peter Obi Not a Threat to President Tinubu - Minister
Politics

Peter Obi Not a Threat to President Tinubu – Minister

by Philips News
President Tinubu Signs 2025 Budget Amendment Bill
Politics

President Tinubu Signs 2025 Budget Amendment Bill

by Philips News
President Tinubu’s Credit Scheme Unlocks ₦46.95bn in Loans for 67,512 Nigerians
Politics

President Tinubu’s Credit Scheme Unlocks ₦46.95bn in Loans for 67,512 Nigerians

by Philips News
Peter Obi Breaks Silence on Anambra’s $123.77m Debt, Fires Back at Governor Soludo
Politics

Peter Obi Breaks Silence on Anambra’s $123.77m Debt, Fires Back at Governor Soludo

by Philips Sunday
VIDEO: “Tinubu Won’t Finish Second Term If Re-Elected” — Primate Ayodele
Politics

VIDEO: “Tinubu Won’t Finish Second Term If Re-Elected” — Primate Ayodele

by Philips News
Next Post
Nigeria Records Fresh Inflation Decline as August Rate Falls to 15.39%

Nigeria Records Fresh Inflation Decline as August Rate Falls to 15.39%

Latest

Tinubu Declares 3-Day Mourning for Personnel Killed in Nigerian Air Force Plane Crash
News Roundup

Tinubu Declares 3-Day Mourning for Personnel Killed in Nigerian Air Force Plane Crash

Nigerian Air Force Plane Crashes in Ondo State, 32 People Killed
News Roundup

Nigerian Air Force Plane Crashes in Ondo State, 32 People Killed

Peter Obi Not a Threat to President Tinubu - Minister
Politics

Peter Obi Not a Threat to President Tinubu – Minister

LOPE Celebrates Nigerian Teachers, Calls for Better Welfare and Support
News Roundup

LOPE Celebrates Nigerian Teachers, Calls for Better Welfare and Support

Temi Nkem Emerges BBNaija Season 11 Winner, Pockets ₦160 Million
Entertainment

Temi Nkem Emerges BBNaija Season 11 Winner, Pockets ₦160 Million

Happy New Month October 2026: 100 New Month Wishes & New Month Prayers
Special Features

Happy New Month October 2026: 100 New Month Wishes & New Month Prayers

Popular Post

  • Tinubu Declares 3-Day Mourning for Personnel Killed in Nigerian Air Force Plane Crash

    Tinubu Declares 3-Day Mourning for Personnel Killed in Nigerian Air Force Plane Crash

    603 shares
    Share 241 Tweet 151
  • Nigerian Air Force Plane Crashes in Ondo State, 32 People Killed

    602 shares
    Share 241 Tweet 151
  • Temi Nkem Emerges BBNaija Season 11 Winner, Pockets ₦160 Million

    599 shares
    Share 240 Tweet 150
  • LOPE Celebrates Nigerian Teachers, Calls for Better Welfare and Support

    595 shares
    Share 238 Tweet 149
  • Peter Obi Not a Threat to President Tinubu – Minister

    591 shares
    Share 236 Tweet 148

Philips News is an Independent online news platform that provides breaking news in Nigeria, in-depth analysis, and real-time updates on the stories shaping the nation.

Relevant Pages

  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy

Reach Us

Ogba, Lagos Nigeria
philipsnewscom@gmail.com, admin@philipsnews.com

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: philipsnewscom@gmail.com, admin@philipsnews.com

© Philipnews.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Special Features
  • Sports

© Philipnews.com