Obi: I Didn’t Leave Anambra With $123.7m Debt, Charge is Wrong Public Accounting

Peter Obi, presidential candidate of the Nigeria Democratic Congress, has rejected claims that he left Anambra State with $123.7 million in debt when he handed over power in 2014, describing the figure as 'very, very wrong public accounting.' Speaking in an interview on Arise News, Obi said the loans attributed to his administration were largely concessionary development facilities obtained by the federal government and on-lent to qualified states for specific projects. He explained that such facilities were multi-year programmes repayable over long periods, and that the amounts cited as Anambra's liabilities did not necessarily represent funds drawn down or personally borrowed by his administration. Obi also backed the party leadership and rejected the OK Movement's parallel campaign structure, saying the opposition must unite to defend democracy.

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