The All Progressives Congress Presidential Campaign Council has called on the presidential candidate of the New Democratic Congress, Peter Obi, to withdraw from the 2027 presidential race if recent disclosures on Anambra State’s debt record are established.
The council’s position was contained in a statement issued on Monday by its spokesman and Minister of Solid Minerals, Dele Alake, following the release of financial records by the Anambra State Government.
According to the APC campaign council, the state government’s records showed that Obi’s eight-year administration contracted 4.05bn during his tenure as governor.
It further alleged that eight external borrowing facilities were still outstanding when Obi left office on March 17, 2014. The loans were reportedly obtained for projects covering malaria control, erosion management, education and healthcare, with subsequent administrations continuing to service the obligations.
The council said the disclosures contradicted Obi’s long-standing claim that he left Anambra without a debt burden.
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.”
While acknowledging that borrowing could be used to finance development, the APC campaign council questioned the disparity between the reported loans and Obi’s claim of having left the state 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.
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“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 council also referred to Obi’s reported pledge to leave the presidential contest if evidence emerged that his administration left liabilities in Anambra.
It urged him to acknowledge what it described as misrepresentations and seek forgiveness from the people of the state, while also raising questions over his recent solidarity visit to a person facing an EFCC trial.
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 honour, 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, however, has disputed the allegations concerning his financial record in office. He said his administration cleared more than ₦35bn in inherited gratuities and arrears and left the state without outstanding salary, pension or gratuity liabilities.
He also maintained that more than ₦2.13bn allocated to address the Oko/Umuchiana erosion crisis was left untouched in a First Bank account.
The claim over the account has also been disputed by the Anambra State Government. Commissioner for Information and Value Reorientation, Law Mefor, said the account identified by Obi was an Internally Generated Revenue Consolidated Revenue Account rather than an ecological fund account.
Mefor further said a certified statement obtained by the state government showed that the account had never recorded the alleged ₦2.13bn as either an inflow or balance since its opening in 2011. The state government has separately maintained that external loans contracted during Obi’s tenure remained among the obligations being serviced by subsequent administrations.
Obi had earlier challenged anyone to disprove his account of Anambra’s finances, saying he would halt his campaign if evidence emerged to the contrary.