ANAMBRA GOVERNMENT CLASH OVER STATE DEBTS AND FINANCIAL RECORDS

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DISPUTE OVER ANAMBRA’S FINANCIAL LEGACY INTENSIFIES

A fresh dispute has emerged between former Anambra State Governor Peter Obi and the Anambra State Government over loans, financial obligations and funds allegedly left behind when Obi handed over power in March 2014.

The disagreement has intensified following claims by the state government that several external loans associated with previous administrations remain outstanding, while Obi maintains that his administration left Anambra in a financially responsible position.

The latest exchange has placed the state’s historical financial records under renewed public scrutiny.

GOVERNMENT PUTS OUTSTANDING LOANS AT ₦127.4 BILLION

The Anambra State Government says eight external borrowings linked to projects undertaken during the period of previous administrations remained outstanding.

According to Commissioner for Information and Value Reformation, Law Mefor, the outstanding balance of the loans stood at approximately ₦127.4 billion as of June 30, 2026, when converted at the official exchange rate.

The government said the loans were connected to areas including healthcare, education, malaria control, erosion management, community development and agricultural projects.

It also stated that the current administration continues to make repayments on inherited obligations.

PETER OBI REJECTS CLAIMS OF UNPAID OBLIGATIONS

Obi has strongly disputed the government's account of his administration's financial record.

He said his administration cleared more than ₦35 billion in historical gratuities and arrears and maintained that, at the time he left office, Anambra had no outstanding salaries, pensions, gratuities or payments owed to contractors for completed and certified projects.

Obi has also challenged anyone who can establish that his account of the state's finances is incorrect.

2014 HANDOVER REPORT BECOMES CENTRAL TO THE DEBATE

A copy of Obi's 2014 handover report has now entered the public discussion.

The document, dated March 17, 2014, reportedly contains a summary of Anambra's financial position shortly before Obi handed over to Willie Obiano. Its circulation has provided additional material for supporters of Obi to cite in the ongoing disagreement over the financial position of the state at the end of his tenure.

The handover document is now being considered alongside the claims and figures released by the state government.

CONTROVERSY OVER ₦2.13 BILLION ECOLOGICAL FUND

One of the most disputed issues concerns more than ₦2.13 billion that Obi says was left in a First Bank account for an erosion-control project in Oko and Umuchiana.

Obi said the money was released shortly before the end of his administration and that he deliberately left it untouched for his successor because it was designated for a specific project.

The Anambra State Government disputes this account. Commissioner Law Mefor said a certified printout of the account identified by Obi showed that it was an Internally Generated Revenue Consolidated Revenue Account rather than an ecological fund account.

The government further claimed that the account records did not show the ₦2.13 billion amount described by Obi.

FINANCIAL RECORDS REMAIN AT THE CENTRE OF THE DISPUTE

The disagreement has therefore developed around competing accounts of Anambra's finances, including inherited loans, arrears, savings and project-specific funds.

While the state government has presented figures concerning outstanding loans and liabilities, Obi has relied on his own statements and the 2014 handover documentation to defend his administration's record.

The continuing exchange has made the state's historical financial records a major subject of public discussion, with both sides presenting different interpretations of the available documents and figures.

As the controversy continues, further clarification from official financial records and supporting documentation could help establish how the various liabilities, funds and obligations were recorded at the time of the 2014 handover.

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