The controversy over the financial obligations inherited by the Anambra State Government has taken a fresh turn, with former governor Peter Obi disputing the basis for attributing about N127.4 billion in outstanding external loans to his administration.
Obi said the figure being presented by the state government failed to distinguish between facilities approved for development programmes, amounts actually drawn and the balances outstanding at different periods.
He made the clarification while appearing on Arise TV, where 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.