Kenneth Okonkwo, a chieftain of the African Democratic Congress, has expressed regret over his previous defense of former Anambra State Governor Peter Obi regarding allegations of debt and financial obligations left behind by his administration. Okonkwo, who served as Obi's spokesperson during the 2023 presidential campaign, made the revelation on TVC's Sunday Politics programme. He attributed his change in position to new information that has come to light regarding Obi's financial records.
Okonkwo previously claimed that Obi's administration did not leave behind any outstanding debts, unpaid salaries, pensions, or gratuities. However, he now says that he was misled by the information available to him at the time. The Anambra State Government has claimed that eight external financing facilities linked to projects undertaken during Obi's tenure had a combined contracted value of $123.77 million, with $92.35 million reportedly outstanding as of June 30, 2026.
The Anambra State Government's claims have been disputed by Obi, who argued that the figure conflated the total value of multiyear development programmes with the amount actually drawn and the balance outstanding when he left office in March 2014. Obi cited Debt Management Office figures, which showed that Anambra's external debt stood at about $18 million when he assumed office in 2006 and approximately $30 million when he handed over in March 2014.
Obi challenged the state government to explain how $123.77 million in contracted facilities could be described as debt left by his administration. He also clarified that the facilities were primarily World Bank and International Fund for Agricultural Development programmes negotiated by the Federal Government and accessed by participating states through subsidiary arrangements.
Okonkwo's change in stance has highlighted the need to distinguish between political advocacy and scrutiny required when new facts emerge. He also emphasized the difference between his role in the 2023 election and his current position ahead of the 2027 presidential election, saying his approach would now involve questioning claims rather than simply defending political allies.
Okonkwo has since aligned with the ADC and is currently associated with the presidential campaign of former Vice-President Atiku Abubakar. His shift in position may have implications for the upcoming 2027 presidential election, as it demonstrates his willingness to re-examine his stance on issues based on new information.
The controversy surrounding Obi's administration's debt record continues, with both sides presenting differing claims and counter-claims. The development has sparked a renewed debate on the need for transparency and accountability in governance, particularly in the management of state finances.
Key points
- Kenneth Okonkwo changes tune on Peter Obi's Anambra debt claims
- Anambra State Government claims $92.35 million in outstanding debts from Obi's administration
- Obi disputes debt claims, citing Debt Management Office figures
