Politics

Otti stands by 2020 comments on Peter Obi and $155m Anambra funds

Abia State Governor Alex Otti says he still stands by a 2020 statement about former Anambra State Governor Peter Obi's handling of $155 million. In an Arise Television interview, Otti described the statement as a factual account meant to show that prudent management of public funds is possible.

Sylvester Eyamah

By Sylvester Eyamah

Sep 26, 2026, 6:49 AM  ·  1 min read

Otti stands by 2020 comments on Peter Obi and $155m Anambra funds
Otti stands by 2020 comments on Peter Obi and $155m Anambra funds — Politics
Abia State Governor Alex Otti has said he remains committed to a statement he made in 2020 regarding how former Anambra State Governor Peter Obi managed $155 million while in office. Otti provided the clarification in an interview on Arise Television, where he was asked about the statement, which he noted was written on June 8, 2020. He explained that the statement was meant to illustrate that public officials can still be careful and responsible with government resources. According to Otti, the account described what took place when he was a bank chief executive. He said he advised that the naira sum Obi intended to retain would continue to lose value, so it would be preferable to change it into dollars. The conversion was carried out, he added. Otti said his remarks were a record of actual events, and that the matter dates back several years, six years ago. He added that he had not spoken about it again since then, and that this was the statement people were referring to.
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