The All Progressives Congress Presidential Campaign Council has called on the New Democratic Congress presidential candidate, Peter Obi, to stand by his earlier promise to step down from the 2027 presidential contest should it be proven that he left Anambra State saddled with debt.
In a Monday statement issued by its spokesman and Minister of Solid Minerals, Dele Alake, the council stated that information released by the Anambra State Government revealed that Obi took on $123.77m in external loans across his eight years as governor of the state.
Alake added that the state government likewise disclosed that Obi spent roughly $4.05bn while in office and departed in March 2014, leaving behind eight external borrowings for projects spanning areas such as malaria control, erosion management, education, and healthcare, which later administrations went on servicing. ↻
The statement read in part, “In the past four years, Mr. Peter Obi and his supporters packaged Obi’s tenure as Anambra governor as one defined by exceptional fiscal prudence, including the claim that he left Anambra without a debt burden. Obi himself was presented as a squeaky-clean politician. But it has all emerged as a well-packaged lie.
“The facade of falsehood built around Peter Obi, the NDC presidential candidate, has now been torn to shreds, with Obi’s persona deconstructed after disclosures by the Anambra State Government, which responded to Obi’s challenge to verify his record.
“According to the Anambra State Government, the former governor spent about USD 4.05 billion, or N5.4 trillion, over his eight years in office and contracted USD 123.77 million in external loans.
“The state also revealed that, as of when Obi left office on March 17, 2014, there were eight different external borrowings for malaria, erosion control, education, and healthcare, and that subsequent administrations, including Governor Chukwuma Soludo’s, continued to service the debt.”
The APC campaign council stated that borrowing was not wrong when used for development but argued that the reported loans contradicted Obi’s claims of fiscal prudence and leaving Anambra without debt.
It stated, “Borrowing is not injudicious if used for development. But for a man who prides himself on being austere and has frequently claimed he left the state with a clean bill of health, the revelations confirmed what has long been held: Obi is an irredeemable liar, a mediocre governor, unfit for leadership anywhere.
“Even more confounding is that despite these borrowings, Obi has nothing to show for his stewardship across Anambra’s sectors. He failed to pay workers’ salaries in some ministries. Water Corporation staff were among those who protested over unpaid salaries.
“In a memo to Obi, dated April 25, 2006, Chuks Ileogbunam, Obi’s Chief of Staff, pleaded with the governor to pay the Water Corporation workers’ N15m monthly salary to avoid protests at the governor’s office over unpaid salaries. Obi was then spending his second month in office.
“Since it is your excellency’s unchanging desire to achieve a better future for our children and children’s children, please, Sir, bear in mind that officials of the Water Corporation also have children who are looking to your compassionate leadership. The President listens with compassion to your appeals on behalf of the children of Anambra. I am 200 per cent sure that you will hearken to the cries of the children whose parents work for the Water Corporation and end their ordeal, Ileogunam pleaded in the memo.”
The APC PCC urged the former Anambra state governor to acknowledge his alleged misrepresentations and seek forgiveness from the Anambra people, while also questioning his recent solidarity visit to a person facing an EFCC trial over alleged financial misconduct.
The statement added, “APC PCC advised Obi to purge himself of his lies and seek the forgiveness of the Anambra people instead of galloping around platforms, parroting inanities. What should even be more concerning for Obi’s followers is Obi’s recent solidarity visit to someone facing an EFCC trial for unexplained wealth and monumental corruption.
“Just as Obi promised to quit the presidential race if it was proven that he left a debt burden for Anambra State, the letter revealed that Obi had similarly promised Anambra people during his campaign that he would resign as governor ‘if there is any case where workers are not paid as and when due.'” Of course, he never meant to. He only deceived people into voting for him. When he left office in 2014, he left his successors with heavier arrears to clear.
“We advise Obi to purge himself of his lies and seek the forgiveness of the Anambra people instead of galloping around platforms, parroting inanities. What should even be more concerning for Obi’s followers is Obi’s recent solidarity visit to someone facing an EFCC trial for unexplained wealth and monumental corruption.
“Indeed, if Peter Obi has any honor, he must resign from the 2027 presidential race forthwith, in keeping with his promise to end his run if it is proven that his administration left behind liabilities in Anambra.”
Obi stated that his administration settled more than ₦35bn in inherited gratuities and arrears and that when he left office there were no outstanding salary, pension, or gratuity liabilities. He further insisted that over ₦2.13bn designated for the Oko/Umuchiana erosion crisis was still intact in a First Bank account.
Anambra State Commissioner for Information and Value Reorientation, Law Mefor, however, contested this claim, arguing that the account Obi referenced was an Internally Generated Revenue Consolidated Revenue Account rather than an ecological fund account.
Mefor stated that a certified statement the government obtained indicated the account had never shown the purported ₦2.13bn as either an inflow or a balance since it was opened in 2011.
Obi had earlier dared anyone to show that his account of the state’s finances was wrong, declaring that he would cease campaigning if contrary evidence were produced.
