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Even If I Left $123.7m Debt, I Left Over $150m to Cover It – Peter Obi
Bonds
Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), has insisted that he left no debt when his tenure as governor of Anambra ended. Obi, who left office in 2014 after serving two terms, spoke on Thursday during an interview on Arise News, while responding to claims that he left office with outstanding loans and liabilities. The Anambra government, through Law Mefor, commissioner for information and value reorientation, had said Obi left $123.77 million in debt at the end of his tenure. Mefor said the loans were obtained for projects, including malaria control, education, healthcare, erosion management, community development, and value chain development. ‘I DIDN’T LEAVE DEBT’ The NDC presidential candidate said the funds being described as debts were not loans he personally obtained from banks. “I told you these are not loans. I didn’t go to the bank,” Obi said. “As at the time I left office, the dollar components of my savings invested in various bonds were over $150 million, which gives Anambra state guaranteed income of about $10 million yearly. “Let me assume the worst-case scenario — which is false — that there was $123.7 million owed as of the time I left.