Anambra paying millions every month to service debts left by Peter Obi —Commissioner
The Anambra State Commissioner for Information and Value Reformation, Dr Law Mefor, has disclosed that the current government in the state was repaying hundreds of millions of naira every month to service debts left behind by the administration of Peter Obi. The State government insisted that the former governor left behind unpaid loans to the […] The post Anambra paying millions every month to…
Dr. Law Mefor, the Anambra State Commissioner for Information and Value Reformation, has revealed that the current government in Anambra is repaying hundreds of millions of naira each month to service debts left by the former governor, Peter Obi. According to Dr. Mefor, Obi left behind unpaid loans amounting to N127.4 billion when he handed over the reins to the next administration in March 2014.
The commissioner shared this information in a press statement, responding to Obi's claims that he did not leave any unpaid loans. He stated that Obi's administration had eight different external borrowings that were not repaid as of June 30, 2026, with the total balance of these loans standing at N127.4 billion at the official exchange rate.
Dr. Mefor emphasized that the state's latest report from the Debt Management Office details the loans' dates and the remaining balances. He clarified that Obi borrowed for various projects, including malaria control, erosion control, education, and healthcare, and that the current government is diligently working to repay these debts, even though it is not complaining about the burden.
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