ON THE ANAMBRA DEBT QUESTION
I have remained silent over the past few days because I have been grieving the loss of my very dear elder brother and friend, Chief Okey Ezeibe. However, the time has come for me to address some of the matters that have occupied public discussion in recent days.
I respectfully urge everyone to concentrate on the existential challenges confronting Nigeria and the hardships endured by its citizens, rather than on the needless distractions that have become widespread in our politics.
I wish to assure the public that I have no disagreement with my dear elder brother, Governor Soludo, or with any governor in Nigeria. I am not seeking the office of governor in any state, and I will not seek that position again, even if the Constitution is amended.
Accordingly, I appeal to governors to support whichever presidential candidate they choose while also permitting and assisting other presidential candidates and contenders for other offices to campaign freely and without interruption in their states. Ultimately, voters should be allowed to determine whom they wish to serve them.
Regarding the multilateral funding inaccurately described as “debt owed by Peter Obi” in Anambra State, I wish to state unequivocally:
As Governor of Anambra State, I did not approach any financial institution to borrow funds or issue a bond on behalf of the state. Indeed, at his farewell ceremony, the then Director-General of the DMO, Abraham Nwankwo, appointed me chairman and declared that, during his 10 years in office, I was the only state governor who had not approached him for a loan facility.
When I left office, the Anambra State Government owed no unpaid salaries, gratuities, or pensions. Neither did it owe any contractor or supplier who had completed work that the government had verified and certified.
Regarding development financing from the World Bank, these are concessionary development-support funds secured by the Federal Government for states selected by it to address specific needs. Repayment is spread over 25 to 30 years.
The Anambra State Government must therefore differentiate among three separate figures: the total amount approved for the multiyear development program; the amount Anambra State actually drew during my tenure; and the funding balance outstanding when I handed over on 17 March 2014.
The government has combined these distinct categories, added them together, and described the resulting US$123.77 million as “loans left by Peter Obi.” That is an incorrect application of public-sector accounting.
The eight facilities identified were primarily World Bank and IFAD development programs negotiated by the Federal Government, with participating states receiving access to the funds through subsidiary arrangements. They were not conventional commercial loans that I personally secured during my tenure.
This does not suggest that Anambra had no repayment responsibilities; rather, each facility must be examined in light of its approval, effectiveness, drawdown, and repayment record.
The clearest contradiction appears in the government’s own figures. It states that the original facilities amounted to approximately US$123.77 million and that US$92.35 million remained outstanding in June 2026. However, the DMO’s published records showed Anambra’s total external debt at approximately US$18 million when I began my tenure in March 2006, about US$30 million in March 2014, when I left office, and approximately US$45.15 million as of 31 December 2014, nine months after my departure.
The Anambra State Government must therefore clarify how a state whose recorded external debt was about US$30 million in March 2014 and US$45.15 million in December 2014 could supposedly have inherited US$123.77 million from Peter Obi, who left office in March of that same year.
On the day I left office, I left more than US$150 million as the dollar component of my investment in Anambra State as governor. I hereby provide documents that can be verified with the various banks. Had it remained untouched, this investment was expected to provide Anambra State with approximately US$10 million in annual income.
Even if their assertion were accurate—which it is not—that Anambra owed US$123 million, the government could have used the US$10 million generated annually from my savings to reduce the debt. It has now been 13 years since I left office, which would amount to US$130 million. The debt should have been fully settled by now.
Had they retained the funds I left in the bank, including the compound interest on the principal and the additional income, the total would be approximately US$335 million today. If they had chosen to repay the US$92.35 million funding, the entire amount would have been covered, leaving approximately US$242 million to be reinvested. That sum would have generated about US$20 million annually for Anambra State.
Let me reiterate that, when I left office, I left Anambra State in a strong financial position—the strongest of any state in Nigeria—and I stand by that position.
Through this clarification, I wish to state categorically that I will neither engage nor trade words with anyone regarding my tenure in Anambra State. My focus will now be on issues affecting the suffering Nigerian masses, which is the reason for my presidential ambition.
A new Nigeria is POssible. -PO
I spent 47 days as one of several thousand African migrants seeking to enter Europe through the Sahara Desert and the Mediterranean Sea.
Story on @fijnigeria tomorrow, Thursday and on Friday.
Debunking the Phantom Debts and Ecological Loan Fallacy
My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a ₦2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false.
We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified.
The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.
The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion.
It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind.
If anybody can establish anything to the contrary, I will stop campaigning. -PO
🇨🇳🇳🇬 A Chinese travel creator was trying local food at a market in Nigeria when a group of men stopped him and demanded money.
When he asked why, their explanation was basically: "we’re Nigerian, you’re not, so we can take money from you."
Over roughly 10 kilometers, he says he passed more than 20 checkpoints and was asked for money again and again.
His final travel review?
“Don’t come to Nigeria.”
Writer: Sol
Some of us refuse to get carried away by the #OsunGuber2026 Election result.
The only thing it really proves is that a large voter turnout (43.4% in Osun is high by recent Nigerian standards) is the best antidote to rigging and that we must all join hands to hold @inecnigeria's "feet to the fire 🔥"
As at 8.50am on the day after the elections (today), INEC's IREV had 98.35% of the results uploaded instead of 100%. INEC must still explain why they have NOT uploaded the results from 62 Polling Units out of 3,763 Polling Units i.e. notwithstanding the fact that those results are now largely inconsequential because Governor @AAdeleke_01 has already won.
#Osunvotes2026 #GoNigeria
Yesterday, I was in Bauchi to honour, for the fifth time, the invitation of the Goodluck Jonathan Foundation to its dialogue themed: “Beyond Elections: Can Political Parties and the Judiciary Save African Democracy?”
I thank President Goodluck Jonathan for his selfless sacrifice and unwavering commitment to building a better Nigeria and a better Africa. I also commend the Chairman, President Olusegun Obasanjo, for his enduring contributions to peace, unity and justice across Africa. My appreciation also goes to the host, the Governor of Bauchi State, for his good work and for providing the platform for this important conversation.
My modest contribution at the event was to highlight my concern that African democracy, using Nigeria as a case study, has deteriorated to such an extent that we are approaching a point where we may no longer be able to meaningfully say that democracy exists.
I recalled how I approached the courts when I believed my mandate had been stolen in Anambra. At that time, the judiciary demonstrated the independence expected of an arm of government. It upheld the law and restored the will of the people, without any relationship whatsoever between me and the judges who handled the matter. That was democracy at work.
Today, however, those who break the law are often the first to tell you to “go to court.”
Our electoral management body, staffed by highly educated Nigerians, including many professors, is increasingly accused of enabling electoral malpractice and the emergence of people who are not qualified or do not possess the mandate of the people. Our lawmakers have removed forgery as an electoral offence, while some senior advocates appear to defend or normalise actions that should ordinarily attract condemnation. Our religious leaders sometimes pray for blessings upon political actors accused of misappropriating the commonwealth. And, most troubling of all, we now hear allegations of judges chanting, “On your mandate we shall stand.”
When the very institutions established to protect democracy begin to accommodate its destruction, we must stop pretending that everything is normal.
I earnestly call for sober reflection and honest thinking. Socrates said that “the unexamined life is not worth living.” A nation, too, must examine itself if it intends to survive.
We must halt this drift towards institutional decay and redirect our attention towards building a country that we and the generations that come after us, can be proud of.
A New Nigeria is POssible. -PO
The Minister of Finance, in very simple terms, explained the problems with the fiscal side in Nigeria
“We earn N7 but spend N10”
If you go to a primary school and ask the students what to do, they will all tell you, “spend N7 or less silly”
But adults will use big language and argue
"The condition of our nation and the urgent need to rescue Nigeria, informed my decision to leave ADC for NDC."
Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.
As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.
Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.
I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.
As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.
Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.
Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.
I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.
I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.
A new Nigeria is still POssible. -PO
@Omojuwa Make God punish Atiku.
Your nightmare Peter Obi will be on the ballot, and we're coasting home to victory.
Propagandist Omojuma or your gluttonic egbon Dele momodu if any of you put body na death💀