Davis borrowed $2.5 million that had to be paid back in eight years to get the city out of fiscal emergency. His administration made the last payment in 1997, but the city remained in fiscal emergency throughout Mayor Emmanuel Onunwor's eight-year term in office, and after he was indicted and convicted on federal charges of racketeering and corruption in 2004. Onunwor was sentenced to nine years in federal prison in September 2004. He was temporarily replaced by Council President Saratha Goggins.