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JUST IN: Peter Obi Left Debts, Not Wealth, Umahi Claims

........ Statement by Minister Umahi

by Akwaeze
July 10, 2026
in News, Politics
JUST IN: Peter Obi Left Debts, Not Wealth, Umahi Claims

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Minister of Works, Senator David Umahi, has challenged the widely circulated claim that former Anambra State Governor Peter Obi left over $50 million in the state’s treasury at the end of his tenure, arguing that the figure does not reflect the true state of the government’s finances. Speaking during an interview on Channels Television, Umahi maintained that the reported savings were overshadowed by outstanding contractual obligations inherited by the succeeding administration.

According to Umahi, former Governor Willie Obiano had stated that after settling debts owed to contractors, the much-publicized savings were effectively exhausted, leaving the state with a negative financial position. He argued that a government’s success should not be measured solely by the amount of money left in its accounts but by the quality of infrastructure, economic growth, and the overall welfare of its people.

Umahi further criticized what he described as persistent attempts by supporters of the former Labour Party presidential candidate to downplay the achievements of President Bola Tinubu’s administration, particularly ongoing infrastructure projects such as the Lagos-Calabar Coastal Highway. He called on Nigerians to support the President’s development agenda and cautioned against what he termed “AI politics,” insisting that the administration’s achievements should be assessed on tangible results.

Source: Lazeera News- We Listen!
Via: Lazeeranews
Tags: AllegedlyMinister UmahiPeter Obi
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Akwaeze

Akwaeze

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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