Former Anambra State Governor Peter Obi has disputed the basis for attributing about N127.4 billion in outstanding external loans to his administration. Speaking on Arise TV, Obi said the figure presented by the state government does not distinguish between facilities approved for development programmes, amounts actually drawn, and balances outstanding at different periods. He maintained that he neither approached a financial institution to borrow money nor issued a bond on behalf of Anambra during his eight years in office. His comments followed claims by the Anambra Government that eight external financing facilities associated with projects during his tenure had an original value of $123.77 million, with $92.35 million, equivalent to about N127.4 billion, outstanding as of June 30, 2026.
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