Anambra Govt Questions Peter Obi’s N2.13bn Ecological Fund Claim

The Anambra State Government has questioned former Governor and Nigeria democratic congress (NDC) presidential candidate Peter Obi’s claim that he left more than N2.13 billion in an ecological fund account before handing over power in March 2014.
The Commissioner for Information and Value Reorientation, Law Mefor, raised the questions in a fresh press release titled “Peter Obi’s Debts and Lies: More Questions Than Answers,” dated September 26, 2026.
Mefor said the state government obtained records from First Bank concerning account number 2018779464, which Obi had identified as the account where the ecological fund was kept.
According to the commissioner, the bank records showed that the account was an Internally Generated Revenue (IGR) Consolidated Revenue Account, rather than an ecological fund account.
He further claimed that the account records, from when it was opened in 2011, did not show an inflow or balance of N2.13 billion at any time. The commissioner consequently asked Obi to explain where the money he said he left for the state was kept.
The statement is part of an ongoing dispute between the Anambra State Government and Obi over the financial position of the state when he left office.
Obi has previously rejected claims that his administration left behind outstanding debts and other liabilities, saying his government cleared more than N35 billion in historical gratuities and arrears. He also maintained that the N2.13 billion ecological fund was left intact for his successor because it was meant for the Oko/Umuchiana erosion crisis.
Mefor, however, said the state government was also questioning the financial obligations allegedly inherited from Obi’s administration. He referred to eight external borrowings which, according to the government, remained outstanding after Obi left office on March 17, 2014.
The commissioner said the combined balance of the loans stood at N127.4 billion as of June 30, 2026, at the official exchange rate used by the state government. The claim has been reported previously as part of the wider disagreement over Anambra’s inherited debt.
The press release also questioned Obi’s reported claim that his administration left more than N75 billion in savings and investments, with Mefor calling for records showing where the funds were held and how they were accounted for.
The commissioner further criticised what he described as the presentation of abandoned or incomplete projects as assets in the former governor’s handover documents, while alleging that liabilities relating to roads and other government obligations were not adequately reflected.
Mefor said the controversy over the former governor’s financial record would require clarification, particularly regarding the alleged N2.13 billion ecological fund, outstanding loans and the claimed savings.