IN DEFENCE OF PETER OBI AGAINST ADAMS OSHIOMOLE THE APC LYING HYPOCRITE

By Sanusi Muhammad

 In an interview on Symfoni TV, Naija Unfiltered, yesterday Thursday, 8th October 2026, titled: “Peter Obi Is Not My Enemy, Oshiomole lied effortlessly. As he did in June when he lied that Peter Obi brought Bakasi boys to Anambra State, Oshiomole came with new set of lies to attack Peter Obi’s economic achievements as Governor of Anambra state from 2006 to 2014.

Oshiomhole made 3 fresh claims in that interview. They were also reported by Vanguard.

Unfortunately the person interviewing Oshiomole failed to present him with facts which are obviously in the public domain. That is not good journalism and this is why this article is to expose Adams Oshiomole’s lies with facts and figures.

In his interview Adams Oshiomole in denying that Peter Obi left $156 million, despite Governor Alex Otti’s own public testimony asked: “Where did Peter Obi get dollars to save? His only reason was that “all allocations we receive are in naira”.

He went further to say that “Obi could not have saved $156m because FG pays states in naira, so Obi must have gone to bid for dollars illegally.”

Actually this has exposed Oshiomole as either ignorant of a country where he was a leader in one of the states or a shameless liar.

Because based on public record, his statement is false and misleading. Anambra handover document of March 17, 2014, shows breakdown published by The Whistler and Supreme Court affidavit. Local investments was N27bn, foreign currency investments was $156 million valued at N26.5bn, Certified State/MDA balances N28.166bn, plus N10bn FGN approved refund totalling N91.666bn gross, minus N5bn liabilities and N86.666bn net.

The foreign component was not cash in a safe. It was investment in Eurobonds and foreign bonds managed by Access Bank ($49.9665m) and Fidelity Securities ($55.2028m) and 3 banks total $156m.

Any state can legally buy dollars at CBN official window and invest in dollar denominated bonds. This is standard public finance that a former Governor like Adams Oshiomole should know.

Obi’s affidavit sworn at Supreme Court Registry on Sept 26, 2017 confirmed it. His administration left about ₦75 billion in cash and investments, included $156 million in foreign currency investments placed with three Nigerian banks.

You don’t go to Supreme Court to swear an affidavit if it is a lie. The entire security agencies in Nigeria will not be quiet. Oshiomole must be cruising on a lying jet to think otherwise.

Oshiomole may be angry that what he couldn’t achieve as a governor in Edo State, a Peter Obi achieved in Anambra State. That obviously exposes him as a failure.

The money Peter Obi saved came from budget surplus. Obi was saving Excess Crude funds and IGR while the likes of Adams Oshiomole where squandering his state resources on acquiring a foreign wife who obviously loved his money and not him.

Oshiomhole himself as NEC member between 2008 to 2016 opposed saving and said “it is already raining”. Meaning that states should share all money. That is on record. Obi insisted on saving.

So there is nothing illegal or impossible about saving in dollars. States do it via bond investments.

Again Oshiomole repeated the lie “Obi borrowed money. World Bank loans are loans, even if repayment was deferred”.

Based on public records and public accounting, this is false by definition.

What Soludo’s government claims as debt was $123.77m external debt from 8 World Bank facilities between 2007 to 2013, with $92.35m still outstanding as of June 30, 2026.

Those facilities are Federal Government selected concessionary multilateral support because Anambra, Ekiti and Bauchi performed well in education. There is a difference between going to the bank to borrow money and the Federal Government seeing that a state is doing well and choosing to encourage them to do more. They selected Anambra, Ekiti, and Bauchi by themselves as federal government.

In fact, the drawdown from the concessionary facilities happened AFTER Obi left. If you look at State Education Programme Investment Project (SEPIP), you will see that the drawdown was well after Peter Obi left office. In public finance, *undisbursed commitment is not debt*. DMO accounting counts disbursed amount only. So Obiano and Soludo spent the money they wantPeter Obi to take responsibility for. That is fraudulent.

The former DG of Debt Management Office; Abraham Nwankwo (DG for 10 years), publicly said Peter Obi was *the only governor in Nigeria who never visited his office to seek approval to borrow money.* That is on record.

In referring to it, Adams Oshiomole also lied by saying Peter Obi said the man organized a public ceremony to celebrate Peter Obi for not borrowing money. That is how lying hypocrites twists information to confuse the public.

What actually happened and what Peter Obi said was that Mr Nwankwo invited him to chair his send-off ceremony as he was retiring as the DG of Debt Management Office. It was at that event that the man publicly stated that Obi was the only governor who never approached his office to borrow money.

I don’t know when Oshiomole became a spokesman for the former DG to now dispute what the man said. This is the height of shamelessness.

Even if you count $123.7m as debt, Obi left $156m earning $10m annually. If you do the mathematics, that is $156m minus $123.7m with *$32.3m surplus* still earning interest. Obi calculated that if left untouched since 2014, compound would be $335m by June 2026, minus $92.3m outstanding equal $242m left.

Oshiomole left nothing for Edo State people except debt. Except if it is in his foreign wife’s account.

Oshiomole’s claimed that “Soludo is the authority on financial matters and has explained Obi’s record”. The same public record that was contradict by Soludo’s own numbers. Lol.

Soludo’s Commissioner for Information claimed Obi left $123.77m debt, but *admitted in same statement that Obi left investments*. The N75bn handover was confirmed by Obi’s Commissioner for Information Joe-Martins Uzodike who was also *Director General of Willie Obiano Campaign*. In his own words “Obi did not owe any debt in the form of pension, salary or gratuity. Obi handed comprehensive notes, including certified bank statements”

Obiano himself never denied receiving the money. In 2015 he admitted receiving it but reclassified some as “illiquid investments, FGN receivables and involuntary investments”. That is accounting reclassification, not disappearance.

The most damning: If Oshiomhole believes Soludo is authority, Soludo’s own administration as of June 2026 still shows *Anambra has $92.35m outstanding from those World Bank facilities*. Meaning that after 12 years of servicing, debt reduced only by $31m, while Obi’s $156m if kept would have grown to over $335m with interest.

With all these facts and figures in public domain one wonders why Adams Oshiomole at his age should become such a mindless and shameless liar. Oshiomhole’s new lie is not the old Bakassi Boys lie of June. His new lie is financial illiteracy, pretending that saving in dollars is impossible when states do it legally via Eurobonds, and counting undrawn World Bank commitments selected by FG as “bank borrowing” by Obi.

The certified bank statements from Access Bank, Fidelity, Diamond Bank were handed to Obiano in presence of all bank MDs on March 17, 2014. If Oshiomhole wants record, that handover document is in public domain and was republished on September 26, 2026 by News Express from Supreme Court affidavit.

Oshiomole through his lying effort has also called Governor Alex Otti of Abia State a liar. Because Dr. Alex Otti publicly testified that Peter Obi did not only save $156 million but he himself was particularly involved in structuring these savings in dollars.

Shameless old tailor like Adams Oshiomole are a disgrace and dishonour to old age in Nigeria.

Muhammad is a commentator on national issues