Peter Obi’s financial legacy: ₦36 billion, $150 million left in Nigerian banks, debt-free

DDM News

Former Anambra State Governor Peter Obi has revealed the financial status of the state when he left office.

Obi stated he deposited funds in Nigerian banks rather than keeping them in foreign accounts, Diaspora Digital Media (DDM) reports.

He said this decision supported the local economy and strengthened Nigeria’s financial institutions.

The total amount left behind was ₦36 billion and $150 million.

These funds were distributed across Access Bank, Diamond Bank, and Fidelity Bank.

Each of the banks received ₦12 billion and $50 million respectively.

Obi explained the funds were both in naira and dollar denominations.

This dual currency strategy provided flexibility for different state projects and obligations.

He emphasized that he handed over a debt-free government to his successor

“There was no contractor, civil servant, or supplier left unpaid,” Obi stated confidently.

He said all salaries, gratuities, and government obligations were fully settled.

Obi’s comments highlight his commitment to responsible governance and fiscal discipline.

Diaspora Digital Media (DDM) notes this aligns with his broader campaign for transparency in public service.

Keeping the funds within Nigerian banks avoided the issue of capital flight.

It also ensured that public resources remained active within the national economy.

Obi said this approach was deliberate and focused on long-term financial health.

His strategy aimed at leaving a solid foundation for continued state development.

Political observers say his disclosure stands out in Nigeria’s challenging governance landscape.

Most new governments inherit large debts and unpaid obligations, unlike what Obi claims.

His financial legacy has become a major point in his political narrative.

The 2023 Labour Party presidential candidate continues to push for higher governance standards.

His message resonates with Nigerians demanding integrity and accountability in leadership.

Peter Obi governed Anambra State from 2006 to 2014.

Since leaving office, he has remained active in Nigeria’s political scene.

His emphasis on transparency and financial prudence strengthens his image as a reform advocate.

The financial legacy he left behind may set a standard for other leaders.

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