“Peter Obi Is An Irredeemable Liar, Unfit For Leadership, Must Resign From 2027 Race” — APC Campaign Council Tears Into Obi Over $4.05bn Spending, $123.7m Debt

The All Progressives Congress [APC] Presidential Campaign Council has said former Anambra Governor, Peter Obi, has nowhere to hide over his poor record in office, describing his much-touted fiscal prudence as a “well-packaged lie.”

In a press statement issued on September 21, 2026, by its spokesman, Dele Alake, the Council said the facade of falsehood built around Obi, the NDC presidential candidate, has now been torn to shreds following disclosures by the Anambra State Government.
“In the past four years, Mr Peter Obi and his supporters packaged Obi’s tenure as Anambra governor as one defined by exceptional fiscal prudence, including the claim that he left Anambra without a debt burden. Obi himself was presented as a squeaky-clean politician. But it has all emerged as a well-packaged lie,” Alake said.
According to the Council, the Anambra State Government, responding to Obi’s challenge to verify his record, revealed that the former governor spent about USD 4.05 billion, or N5.4 trillion, over his eight years in office and contracted USD 123.77 million in external loans.

The statement noted that as of when Obi left office on March 17, 2014, there were eight different external borrowings for malaria, erosion control, education, and healthcare, and that subsequent administrations, including Governor Chukwuma Soludo’s, continued to service the debt.
“Borrowing is not injudicious if used for development. But for a man who prides himself on being austere and has frequently claimed he left the state with a clean bill of health, the revelations confirmed what has long been held: Obi is an irredeemable liar, a mediocre governor, unfit for leadership anywhere,” Alake stated.
The Council further alleged that despite the borrowings, Obi has nothing to show for his stewardship and failed to pay workers’ salaries in some ministries, with Water Corporation staff among those who protested over unpaid salaries.

It cited a memo to Obi dated April 25, 2006, from his Chief of Staff, Chuks Ileogbunam, pleading with the governor to pay Water Corporation workers’ N15m monthly salary to avoid protests at the Governor’s office.

The memo read: “Since it is your excellency’s unchanging desire to achieve a better future for our children and children’s children, please, Sir, bear in mind that officials of the Water Corporation also have children who are looking to your compassionate leadership. The President listens with compassion to your appeals on behalf of the children of Anambra. I am 200 per cent sure that you will hearken to the cries of the children whose parents work for the Water Corporation and end their ordeal.”

Alake recalled that Obi promised to quit the presidential race if it was proven that he left a debt burden for Anambra, and similarly promised during his campaign that he would resign as governor “if there is any case where workers are not paid as and when due.”
“Of course, he never meant to. He only deceived people into voting for him. When he left office in 2014, he left his successors with heavier arrears to clear,” he said.

“We advise Obi to purge himself of his lies and seek the forgiveness of the Anambra people instead of galloping around platforms, parroting inanities. What should even be more concerning for Obi’s followers is Obi’s recent solidarity visit to someone facing an EFCC trial for unexplained wealth and monumental corruption.”

“Indeed, if Peter Obi has any honour, he must resign from the 2027 presidential race forthwith, in keeping with his promise to end his run if it is proven that his administration left behind liabilities in Anambra,” Alake added.