₦airaland Forum

edogu:
"I have taken some time to research on the loan descriptions as released by the Anambra State Government which they claim PO as Governor signed off and my findings are as follows:

1. The Nigeria Malaria Control Booster Project (MCBP) 2007:

This was financed through a US$180 million IDA credit from the World Bank to the Federal Republic of Nigeria, not a loan independently taken by the Anambra State Government. The World Bank records say the original IDA credit was approved in December 2006 and became effective on May 15, 2007.

Anambra was one of the seven participating states, along with Akwa Ibom, Bauchi, Gombe, Jigawa, Kano and Rivers.

VERDICT: FG was the borrower not Anambra State Government.

2. Fadama III:

This project was a World Bank/IDA-financed project for Nigeria. The World Bank's project documentation identifies the Federal Republic of Nigeria as the borrower, not Anambra State.

The original Fadama III project was approved in 2008. The World Bank records the project period as 2008–2013 and the original IDA financing as US$250 million.

Anambra was one of the states participating in the project. World Bank records specifically identify an Anambra State Fadama III Project, financed through IDA Credit No. 45960.

Therefore, describing the Anambra Fadama III programme simply as "a loan taken by Anambra State Government in 2007" would be misleading. The underlying World Bank borrowing was at the Federal Government level.

VERDICT: FG was the borrower not Anambra State Government

3. Health Systems Development ll (ADD FIN.)

The financial document listing Nigeria's state-level IDA obligations records “Health Systems Development” Anambra State, with a signing date of August 22, 2003, an amount of XDR 4,831,046, and a 0.75% service charge.

The same document separately lists Health System Development Project II (Additional Financing) for Anambra, so the 2009 reference may relate to the additional financing/HSDP II, rather than the original HSDP.

Anambra-specific records confirm that Health System Development Project II was World Bank-assisted, with activities being implemented in the state.

VERDICT: It was an FG project benefiting Anambra State. The Original document was signed in 2003 and 2009 was just an additional financing of the 2003 signed document.

4. The State Education Program Investment Project (SEPIP):

It started in 2013 and included Anambra State. However, the World Bank documents identify the Federal Government of Nigeria as the borrower, not Anambra State Government. The original financing was a US$150 million IDA credit to the Federal Republic of Nigeria, with funds disbursed to Anambra, Bauchi and Ekiti through subsidiary financing agreements.

The World Bank's financing agreement for the original SEPIP is Credit No. 5220-NG, dated April 16, 2013.

VERDICT: FG was the borrower not Anambra State.

5.The Community and Social Development Project (P090644):

This project became effective in February 2009.
The World Bank's project completion report identifies the Federal Government of Nigeria as the borrower of the original IDA financing. The original commitment was SDR 121.5 million (US$200 million equivalent).
Anambra was just one of the participating states.

6:The Nigeria Erosion and Watershed Management Project (NEWMAP):

This project was approved by the World Bank in May 2012 and became effective in September 2013.

The original financing agreement was between the International Development Association (IDA) and the Federal Republic of Nigeria, for US$600 million.

Anambra was one of the participating states and had its own State Project Management Unit (SPMU) implementing the project.

Anambra's project documents explicitly refer to the funds as part of the Federal Government's IDA credit. A 2014 procurement notice says the Federal Government had received the credit.

VERDICT: FG was the borrower not Anambra State Government.

7. The Value Chain Development Programme (VCDP):

Records shows VCDP was approved by IFAD in April 2012, not 2013.
The financing agreement was between the Federal Government of Nigeria (FGN) and IFAD, signed in August 2012.
The programme became effective in October 2013.

The original programme covered Anambra, Benue, Ebonyi, Niger, Ogun and Taraba.
The original financing included an IFAD loan of US$74.4 million, an IFAD grant of US$0.5 million, plus counterpart contributions from the Federal Government, participating states, LGAs and beneficiaries.

IFAD's documentation specifically describes the loan agreement as being between FGN and IFAD.

VERDICT: FG was the borrower not Anambra State Government.

OVERALL VERDICT:

All the project listed by the Soludo led Anambra State claiming that it was financed by loan independently taken by Anambra State Government under Mr. Peter Obi are 100% false and misleading. Verifiable World Bank records shows FG was indeed the borrower while Anambra State under Obi participated and benefited just like some other states.

Mudi Mudi ✍️"

If you look at the above data you will observed the approval mostly took place during Obi time but money were mostly not disbursed until after Obi tenure and few during Obi came when his tenure was about to over and not executed.

It should be noted Obi left office March 17, 2014, and most money has not be disbursed before leaving office.

More importantly, from further research, the loan the Federal Government borrowed was not even available while Obi was in office except the ecological fund which came during end of Obi tenure and not executed for the project.

The money was only earmarked and approved during Obi's tenure. The ecological fund portion came in when Obi was almost leaving office, and he deliberately did not spend it because government is a continuum. In fact, most of the funds did not arrive until after he had left office, but they were still credited to his era.

The bulk of the money actually came in during Obiano's time, and Soludo is wittingly misleading the public.

https://www.facebook.com/share/p/1cNxh1dhUX/

Kalulu44:
If I don't give you 24/7 electricity in my first year, don't vote me again.
Am I the one that said that? Isn't that part of selling bobo juice to us?

Svoboda:
Obj didn't know how corrupt he was when he picked him as his VP, or he only realized after Atiku picked his pocket during his failed third term plan.

People expect us to care more about Tinubu’s place of birth and primary school classmates than reforms that is repositioning the country, talk about priorities pic.twitter.com/JcSXZwIVA9

— Ansem Edet (@ansem_edet) September 17, 2026

mycar:
Yeah, this means that the loan was disbursed to them by the federal government.

Svoboda:
At least we know where he worked before becoming what he is today. Tell us where Tinubu worked before becoming so stupendously wealthy apart from warehousing funds for you know who. Don't mention mobil and Deloitte because they've both discountenanced him.

mycar:
some of the debts there are state shares of the federal government debt.

"The FAAC Allocations to Anambra State are being deducted every month to service the eight separate loans taken by the Peter Obi administration. Peter Obi had the opportunity to either take them or not; therefore, if you take them, you must take responsibility. Saying that he did… pic.twitter.com/zF7sCyH1jT

— TallJohn🌍 (@JohnFanimokun) September 18, 2026

anonimi:
Is that because Atiku is a saintly politician compared to Jagaban of Borgu in this regard?
The Lagos lootocrat whose master plan raised budget 100 times to N4.2 trillion in 27 years but can't employ workers to make water available. What else do you think that Tinubu is doing with all the trillions yearly apart from stealing it?


@@@@@@@@


Nigeria: Corruption - Kalu, Tinubu Can't Escape -Ribadu

19 FEBRUARY 2007

Daily Champion (Lagos)

Lagos — ABIA State governor, Dr. Orji Uzor Kalu and his Lagos State counterpart, Asiwaju Bola Ahmed Tinubu would not escape justice but would be made to face the full wrath of the law following their recent indictment for alleged corruption by the Economic and Financial Crimes Commission (EFCC).

Chairman of the commission Mallam Nuhu Ribadu who made the vow yesterday said the duo must account for their stewardship and may be thrown out of office.

https://allafrica.com/stories/200702190245.html

Happening right now;

“Look at the thŭgs, they came to att@ck us. The securities watching. We must face them. We are fully ready for them"

Serious chaøs reportedly broke out at Warri Airport, Delta state as thŭgs att@cked NDC supporters who came out to campaign for Peter Obi… pic.twitter.com/KVX8jJtCqa

— CHUKS 🍥 (@ChuksEricE) September 18, 2026

This is how members of our great party resisted thugs in Warri, Delta state today.

As far as this election is concerned, nobody born of a woman is going to intimidate or harass us.

This is not 2023. pic.twitter.com/8bEuujoboU

— Thεό Abu (@TheoAbuAgada) September 18, 2026

Racoon:
Let Peter speak directly to address all these issues. Meanwhile, it is loans that are being banded by Soludo govt, not on record he embezzled or stole Anambra State monies

"The FAAC Allocations to Anambra State are being deducted every month to service the eight separate loans taken by the Peter Obi administration. Peter Obi had the opportunity to either take them or not; therefore, if you take them, you must take responsibility. Saying that he did… pic.twitter.com/zF7sCyH1jT

— TallJohn🌍 (@JohnFanimokun) September 18, 2026

Kalulu44:
Yes we don't need that cus the current one there sold that too to us and here we are

CharlesCNG:
INTERVIEW AUTOPSY: YOU CANNOT FOOL ALL THE PEOPLE ALL THE TIME — AYO ASKED IF OBI WOULD STEP DOWN. RUFAI ASKED WHY THE $30 MILLION WAS NEVER DISCLOSED

By CharlesCNG

Sometimes an interview produces one important question. This one produced two.

And they came from two different ARISE News anchors. Peter Obi had thrown down an extraordinary challenge:If anybody establishes anything contrary to his account of what he left behind in Anambra State, he would stop campaigning.

Then Yunusa Tanko came to The Morning Show to defend him. First came Ayo Mairo-Ese.

Her question was beautifully simple. If the evidence eventually establishes that Peter Obi left the liabilities being alleged, WILL HE HONOUR HIS WORD AND STEP DOWN?

Tanko began talking about what should happen to Obi's accusers if Obi was eventually vindicated. Ayo stopped him.

“The question I asked you, yes or no?” Tanko tried again. Ayo returned again: “Would he step down? That's my question to you.”

That was accountability in its simplest form. Peter Obi made the pledge. Ayo merely asked whether the pledge still meant what it sounded like.

Then came Rufai Oseni. And Rufai did not repeat Ayo's question. He introduced another problem.

The Debt Management Office officially recorded Anambra State with $30,323,574.40 in external debt as of December 31, 2013.Peter Obi left office in March 2014.

Rufai therefore asked the question that goes directly to the heart of Obi's public financial narrative: WHY WAS THAT DEBT PROFILE NOT DECLARED BEFORE NOW?

Tanko's answer was that Obi had already declared what he had and had hidden nothing. Rufai pressed again: “Why didn't he declare this debt profile before now?” Eventually Tanko arrived at perhaps the most important answer of the entire interview:

Peter Obi himself should come and clarify it. Exactly.

Because this controversy has now travelled beyond spokesmen praising their principal's character. Peter Obi has repeatedly built a significant part of his national political argument around the financial condition in which he left Anambra.

Now an official DMO document is on the table. That document does **not**, by itself, prove every allegation currently being made by the Soludo administration.

It does not automatically validate the much larger $123.77 million figure now being debated. But the DMO number is not somebody's social-media opinion. It is an official historical debt record.

So there are now two separate questions Peter Obi should answer himself.

AYO'S QUESTION: You said you would stop campaigning if anything contrary to your account was established. DOES THAT PLEDGE STILL STAND? And then: RUFAI'S QUESTION:The DMO recorded approximately $30.323 million in Anambra external debt stock at December 31, 2013.

WHY WAS THIS NOT PART OF THE FINANCIAL STORY YOU HAVE BEEN TELLING NIGERIANS?

COME AND EXPLAIN IT. Because that is precisely why Rufai ended by challenging Tanko to bring Peter Obi himself to the studio.

And this is where I believe Rufai should pick up the conversation when Obi comes.

Knowing Peter obi 's capacity for mischief and rigmarole, CharlesCNG is humbly suggesting Rufai Oseni Ask him something much harder to escape:

MR PETER OBI, YOU SAID THAT IF ANYBODY ESTABLISHED ANYTHING CONTRARY TO YOUR ACCOUNT, YOU WOULD STOP CAMPAIGNING. THE OFFICIAL DMO RECORDS $30.323 MILLION IN ANAMBRA EXTERNAL DEBT AT DECEMBER 31, 2013. DID YOU KNOW ABOUT THIS FIGURE? DID YOU PREVIOUSLY DISCLOSE IT? DOES IT CONTRADICT ANY CLAIM YOU HAVE MADE? AND IF IT DOES, DOES YOUR PROMISE STILL STAND?

Then leave the microphone open.


THE INTERVIEW MAY BE OVER. THE AUTOPSY IS NOT.

Stay tuned for the next edition of INTERVIEW AUTOPSY by CharlesCNG — where we dissect the claims, test the answers and ask THE QUESTION THAT NEVER CAME.

bentenny:
Self-deceit is supporting a candidate who graduated from a secondary school that was established 5 years ago and supposedly worked for a company that apparently never discovered he was on its payroll.At this point, even the timeline needs a lawyer.😂😂

NotProphet:
DMO says that he owe?
Why u dey lie na

And sOLODO, nobody takes him serious cos Obi didn't hand over to him

Peter Obi did not leave Anambra debt-free.

In 2015, Willie Obiano’s government said it inherited about ₦185 billion in liabilities from Obi, mostly outstanding contract sums. Obi rejected that figure and said he left no unpaid salaries, pensions, gratuities or certified… pic.twitter.com/u8C3YlqC4Y

— Àkànní (@idofoi) September 16, 2026

Rufai: There's evidence from the DMO that Peter Obi left N22 billion and $30 million as debts. Why didn't Obi declare them before now?

Obidient Movement National Coordinator, Yunusa Tanko: I just read to you his statement and what he handed over.

Rufai: No, no. Why didn't he… https://t.co/ipBWvHEWMK pic.twitter.com/KknLZbDOmI

— Emma ik Umeh (Tcee )🇳🇬 (@emmaikumeh) September 18, 2026

Igbo:
When is he quitting campaigning for 2027 election?

bentenny:
Regurgitating more insults exposes your inadequacies and shallowness.

Self Deceit is supporting a candidate who graduated from a secondary school that was established 5 years later while claiming to have been employed in a company that is not aware of his existence on their payroll.

H.E. Peter Obi, you said you owed no one. You lied. You vowed to quit your 2027 campaign if even one person was shown. Water Corporation staff protested. Records are clear; survivors still testify. Those debts are yet to be fully cleared even today.

The records are clear! pic.twitter.com/IzNpJN7YdB

— Anambra State New Media (@AnambraNewMedia) September 18, 2026

Kalulu44:
Ideology or no ideology, similarities or no similarities. The question here is: Has Tinubu same or different ideology, same or different similarities from Buhari brought any change to the populace since he took over.
Bcus you're damn sure that's what Obi is trying to sell to the populace and hence can't deceive us again and can't be president

victoryenergy:
we all saw what you are trying to do here, it is call shifting the goal post, but e no work😊

bentenny:
Resorting to insults exposes your emptiness and pettiness.
Disappointed but not surprised.
You actually need that healing more😎

NotProphet:
Lolz
Tinubu left the highest debt among governors of 1999 to be 2007 despite claiming to generate huge IGR

Kalulu44:
There he goes away without denying if the people are gaining from the ideology he's talking about

bentenny:
Stop running in circles using stale and generic questions.
No matter how you hilariously try to twist your wordings,you are saying the same thing and I will gladly and generously give you the same answer.

It's up to the accuser to debunk and dispute such stance with verifiable proof in form of bank statements.