Anambra: Obi left 8 External Loans, No Record Of N2.1bn Ecological Fund
The Anambra State Government has escalated its dispute with former governor Peter Obi over the state’s financial inheritance. It put the balance of eight external loans it says were contracted under his administration at N127.4 billion as of June 30, 2026. The government also disputed Obi’s claim that he left about N2.1 billion in an […]
The Anambra State Government is embroiled in a financial dispute with former Governor Peter Obi over the state's inherited loans and ecological fund. According to the state's latest figures, the outstanding balance of eight external loans contracted during Obi's tenure is N127.4 billion, as of June 30, 2026. Obi claims he left a N2.1 billion ecological fund for his successor, but the state has found no records to support this claim.
The disagreement stems from a 2014 power transfer between Obi and Willie Obiano, and has been a contentious issue since then. The state argues that while borrowing is not inherently wrong, the scale and outcomes of the loans inherited from Obi are questionable. The government has also pointed out that several basic services, such as public water schemes, schools, and hospitals, remained deficient at the end of Obi's tenure.
The dispute has reignited concerns over the financial management of Anambra State under Obi's administration.
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