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Now that Soludo has exposed you over N127.37bn debt, quit 2027 race — Presidency dares Obi

Peter Obi claimed he left Anambra with a clean slate of debt and even threatened to quit the presidential race if his claims were proven otherwise.

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File: (L-R) Peter Obi and Bayo Onanuga

The Presidency has challenged Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), over his pledge concerning the 2027 presidential election following fresh claims about the financial liabilities allegedly left by his administration in Anambra State.

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, made the challenge in a post on X on Wednesday.

Onanuga cited claims by the Anambra State Government that Obi’s administration left behind unpaid loans and other financial arrears.

“Peter Obi claimed he left Anambra with a clean slate of debt,” Onanuga wrote, adding that the state government had since “confronted him with facts and figures” on Water Corporation workers, teachers, pensions and gratuities.

He said Obi had also borrowed for “frivolous things” while in office, and asked whether the former governor would follow through on his earlier threat to withdraw from the presidential race.

Peter Obi claimed he left Anambra with a clean slate of debt and even threatened to quit the presidential race if his claims were proven otherwise. Now, the Anambra government has confronted him with facts and figures showing he owed Water Corporation workers, teachers, and… pic.twitter.com/chyENjrKca

The dispute began after the Anambra State Commissioner for Information and Value Reorientation, Dr Law Mefor, issued a statement disputing Obi’s claim that his administration left the state without outstanding liabilities.

Mefor said Governor Chukwuma Soludo’s administration had cleared about N22 billion in gratuity arrears inherited from previous administrations, and owed to retired state and local government employees and teachers. He said Obi’s administration left outstanding loans, as well as arrears of salaries, pensions and gratuities, that subsequent administrations inherited.

According to the state government, eight external loans linked to projects implemented during or inherited by the Obi administration remain outstanding, with a combined balance of $92.35 million, put at N127.37 billion as of June 30, 2026. The loans covered malaria control, erosion management, healthcare, education, community development and agricultural value-chain development.

Mefor said the government would not be drawn into a debate over which administration paid particular arrears, but maintained that some legacy liabilities dating back to previous administrations remained outstanding. He cited salary arrears owed to workers of the defunct Water Corporation, which he said persisted throughout Obi’s tenure.

Obi, had earlier claimed his administration cleared more than N35 billion in historical gratuities and arrears and left office without outstanding salary, pension or gratuity obligations.

He also disputed the government’s claim about the ecological fund, saying more than N2.13 billion remained untouched in a First Bank account earmarked for the Oko/Umuchiana erosion crisis, in addition to over N75 billion in savings left behind by his administration.

“If anybody can establish anything to the contrary, I will stop campaigning,” Obi said, challenging the state government or any other party to produce evidence contradicting his account.

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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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