PETER OBI AND THE ANAMBRA DEBT RECORD: FACTS VERSUS FICTION
By Okoi Obono-obla
The Anambra State Government's detailed rebuttal to Mr. Peter Obi's claims on "Phantom Debts" has finally laid bare the hollow foundation of the Obi mystique.
For years, Mr. Obi has postured as the frugal saint who turned Anambra into an El Dorado and has used that false pedestal to relentlessly and sanctimoniously attack the administration of President Bola Ahmed Tinubu. The facts now show otherwise.
Four facts stand out from the Government's statement:
First, he spent an estimated $4.05 billion in eight years - about N5.4 trillion at today's rate. Yet Anambra was left without functional urban or rural water schemes, with 78 out of 179 communities without any public primary school, with dilapidated public hospitals that only 27% of the people used, and with rising poverty and insecurity.
Second, contrary to his claim that he borrowed nothing, he left behind eight external loans totaling $123.77 million at signing. According to the Debt Management Office as of June 30, 2026, the outstanding balance is $92.35 million or N127.4 billion, which the current government services monthly with hundreds of millions of Naira.
Third, contrary to his claim that he cleared all salaries and pensions, he left verified arrears. These include salaries of staff of the defunct Water Corporation which ended in court judgments, and 16 months arrears of primary school teachers from the Mbadinuju era which his own government verified but paid only five months.
Fourth, his claim of leaving N2.13 billion in Ecological Fund in First Bank Account No. 2018779464, UNIZIK Branch, Awka, is demonstrably false. The certified statement of account shows the account is an IGR-Consolidated Revenue Account and has never held such amount from inception in 2011 till date. The question is: where is the money?
The so-called N75 billion savings remains what the State Government correctly calls nebulous creative accounting.
Conclusion:
The evidence is clear. If a small, homogenous state like Anambra could not be transformed despite $4.05 billion in spending and massive borrowing, how can the same manager promise to fix a complex federation of 36 states and the FCT?
Mr. Obi's eight years was an unmitigated failure, now masked by revisionism. He should desist from deceiving Nigerians with sanctimonious sermons. The desperation is even clearer in his reported four-year single-term pact with his running mate, in direct contradiction of the two-term, eight-year provision of the 1999 Constitution.
Nigerians deserve honesty, not theatre.
Okoi Obono-Obla writes from Abuja.
The people of Anambra who actually experienced this guy's government were seen in this video, all out in streets, praising and appreciating his brilliant and selfless handling of their economy. See the love on their faces?
GOOD NEWS: The Federal Government has paid ₦18.96 billion to 3,958 eligible PHCN pensioners. The money is to settle unpaid pension arrears owed to them under the old pension system. This means thousands of former PHCN workers will now receive money they were owed.
Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN), has warned against reversing economic reforms, saying Nigeria’s tendency to abandon policy gains has repeatedly pushed the country backwards.
Medical Doctors were on strike in Anambra for a whole year and in that same year Peter Obi took billions in cash to Fidelity Bank where he owns shares.
The interest accrued on that invested money was never paid to Anambra State as claimed by @CCSoludo. #FraudAlert
Oh yes, Chinese retailers!, Chinese o’clock!
2: Reduce your prices too.
3: Marginal profits oooooo — not 1,000% profit.
4: If you want Nigerians to buy from you, make your prices competitive too.
5: Share Chinese shops in your areas to guide people.
Na free advertisement ar go they do for Chinese now oo……. Ibo must cry
Omo, see this massive Chinese warehouse for bags in Lagos!
They have school bags, pencil cases, lunch bags, adult backpacks and laptop bags 🎒 🙆♀️
📍 No. 60 Marina View Plaza, Lagos Island
So these jeans go as low as being sold for 2dollar (+-5k) but you guys will sell it to us for 20 to 30k... And una say make Chinese dey go, go to where please?
The second video has their address there, no allow any middleman gba you oo
Cheap and affordable plain tops and underwear warehouse,its an Indian company
CONTACT NUMBERS:
📞 08039523115 08114017504 08139005142 08166759269
📍St. Joseph Plaza, directly opposite Kairo market in Oshodi🇳🇬
Omo, government suppose to do massive urban regeneration in this Chinatown so most of the Chinese businesses can have their own proper markets.
Just check out this massive pot warehouse in Lagos, @ultimatepotfactory, and OMG, the prices sound so good! 🔥
For those of you interested, here you go! 🥳🥳.
Meet Isiyaku, the financial expert for Fulani bandits in Matazu LGA of Katsina State.
What is his job? Money laundering. He cleans raw ransom cash using POS terminals that he operates.
His biggest client is Kachalla Muhammadu, his middleman is a guy named Salmanu, and the final recipient is one Sani.
Here is how Isiyaku's operation works: every day, Salmanu delivers an average of 3 to 5 million Naira in cash to him. Isiyaku then uses that cash to run legitimate POS transactions with local traders in town, turning dirty physical cash into clean digital numbers in the bank.
Once that process is complete, he takes his commission and transfers the remaining funds to the bank account of Sani.
Sani then uses the clean money to buy guns, ammunition, and motorcycles for Kachalla Muhammadu, or to run other operational errands for the cartel.
This shows you exactly how complex and structured this terror network really is.
Don’t be surprised if this same Isiyaku sits in town joining ordinary people to condemn bandits and even pray against them, all while actively laundering millions for them behind closed doors.
Terrorism like that of Fulani bandits does not survive on guns and bullets alone; it thrives on the quiet complicity of mainstream Arewa society.
When a local merchant can seamlessly integrate terror money into everyday commerce under the cover of civic normalcy, the line between victim and collaborator disappears.
Until the financial pipelines are and hypocritical enablers sitting comfortably inside towns are targeted, the Arewa are merely fighting the branches of insecurity while watering its roots.
Abdulaziz Dawet edited
See the way it sounds like baby onike talking. We love it like that, it's not her language 😂😂
Una go cry gan because by the time half of them start speaking Yorùbá. You will complain that they don't speak Ibo 🤭
LOCATIONs OF CHINESE VENDORs IN LAGOS ISLAND.
1. Mandilas Lagos island
2. Tom Jones Lagos island
3. Oluwole Lagos island
4. Idumota Lagos island
Good morning severally