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Why I don’t flaunt my wealth — Peter Obi

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Featuring on Trust TV 30 minutes programme with Mannir Dan-Ali, the presidential candidate of the Labour Party (LP), Mr Peter Obi, responded to questions on wide range of issues including his source of wealth.

Apparently, it is that quality of yours of being simple that may have endeared you to a lot of young Nigerians. Are you surprised by the kind of reception you’ve had since you declared and became the presidential candidate of the Labour Party? 

Yes, I am quite surprised about one, the loyalty especially their sacrifice which I am pleading with them to carry to the end. All I will assure them is that that sacrifice will not be in vain. I will remember them, I will work; I will ensure that I serve them faithfully because that sacrifice cannot be in vain, God will not allow it to be in vain. I am committed to it. I am committed to building a better Nigeria for the young ones where they will be proud to say I am a Nigerian.

What about your own record, you didn’t just come out of the blues,  you were a governor, a businessman. Indeed your name featured in one of the controversial papers about people who have become rich and are hiding their monies in tax havens. Does all this justify the kind of adoration you have been having?

I am a very successful businessman. I have been a trader and I was successful. I have served in corporations, several boards and I can name them. I have also been a governor. In all these, I have operated as transparent and as efficiently as possible and I can explain and answer for whatever I am mentioned in.

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So, while you were doing all these businesses you said you were based in Nigeria?

No, I was based in the UK. It was from the UK that I came to become governor of Anambra State. So when I was declared Governor of Anambra State, naturally I have assets, I have investments in the UK, what I needed to do was to put those assets and investments into a trust because the law says to me, you are no longer allowed by law to operate an account, you are no longer allowed to be employed to do any other job, to be employed by another company, so all these ceased. But the law didn’t say you can’t own what you own before.

 Including those in the UK?

Yes, because by declaring the company that owns them here, it is like I declared that I am Mr Obi, so Mr Obi now has a branch, I don’t need to declare that branch because it is part of Mr Obi, so I declared the company in Nigeria that owned those assets, declared everything.

Eventually after, this was about 2006, in 2021 of course there was the issue where my name was mentioned and I have said it consistently, go and check the investment there, if you see any investment from the time I became governor till date even till now, then hold me responsible.

But you know there is a suggestion that these are vehicles to hide and not to pay tax….

No, you cannot hide anything because they are investments that are there. The tax I am going to pay is in the jurisdiction where it is held.

There are very little taxes paid even though you are earning the money from Nigeria and other jurisdictions….

No, I am not earning any money from Nigeria, there is no investment in Nigeria, the investment is there, the taxes are paid there. So Nigeria is not involved in any way in it.

So all the businesses you’ve been doing, they don’t come to Nigeria from the beginning?

No, not from beginning, the ones that come from Nigeria you pay tax in Nigeria. If I am doing business in the UK, I pay tax in the UK that is what the law says; you pay tax based on where you earn the income.

Is it just that you were trying to make the public not to understand that you are this rich, you are putting them in this company? 

No, I am not making the public not to know that I am rich. I own shares in companies here in Nigeria, I don’t have to flaunt it around, those companies pay me dividends and they give me my own money. So, if somebody comes tomorrow and says he owns this, it doesn’t matter but at the end of the day I don’t need to show them, I don’t need to wear them around, that’s it. So those things are very clear. I passed through corporations, go and check my records, as a businessman. I borrowed monies from banks, I do my business, I don’t owe any bank. I have never defaulted, I have been in corporations where I became even bank chairman, none of them will say I mismanaged one naira. I have been chairman of corporations including SEC, it is here in Abuja.

I have been governor and as governor I left $150 million and over N30 billion the day I left office.

But there is a dispute over that. Your successor said something else, not exactly what you are claiming?

No, there is no dispute over it. My successor has even confirmed it.

So, from what you have said earlier, it is like you are a successful businessman probably a billionaire but you lead a frugal life which is why many people think you are just an ordinary man?

I don’t know what is the worth. I have never claimed to be a poor man; I have never said it anywhere. I have always said I’m a comfortable man anywhere on the surface of the globe because it is said that if you have $1 million you are a millionaire, so I have that, so I am a millionaire anywhere in the world and I have never claimed to be an ordinary person.

As a frugal person, do you see the campaign as dissipating so much resources, so much money? 

Yes, it can be curtailed but what I am pleading with people is to please, for the sake of the future of this country, future of our children, future of the society that our children will live in, let’s not allow this election to be transactional as it used to be; let’s not allow it to be based on ethnicity, religion or my turn and everything else as it used to be because it is an existential election for Nigeria, Nigeria is in a bad shape, we need to fix it.

But you are no different from the other politicians who jump parties. You were a governor in APGA, moved to PDP and then now when it didn’t seem as if you could get the ticket of the party, you moved to the Labour Party….

Well, I am different. The difference is that when I see things not going the way I think they should, I move on. I would rather do the right thing and lose than do the wrong thing and win, that is why I am different.

So you are a fighter; you don’t give up easily?

I’m the first person to seek constitutional interpretation for tenure of governor and I have been doing that and I am doing it because I want us to have a country where there is rule of law and when I served, I served by the rule of law, I stayed within the constitution. I served them faithfully and I finished.

But in all of these, why is that there is so much infrastructural deficit in that state? The human capital development is still far from satisfactory….

You don’t even know Anambra State. I won prize for having the best road infrastructure from the Federal Ministry of Works.

And why is the current governor complaining about the situation of the state if all those wonderful things have been done?

Let me give you an example of what it is, it is a very simple thing. I lived in the UK, in my street in the UK, the roads are maintained every five years. When we signed contracts in Anambra State, we even put the number of years the roads will stay. So, if the road is without, what you can call a stone base, it is a minimum of five years, with stone base seven years. So no matter how you do the roads, if you don’t maintain it, it will wash away, it is simple.

How can you translate all those to the present given the situation that Nigeria is and given all the uproar about how bad things are currently in the country?

It Is leadership. If you have a leadership that has character, that is competent, that has capacity, that has commitment, that leadership should be able to identify the problems, articulate with their team on what to do to solve them and start solving them.

There is a trust deficit because people have seen politicians promise heaven on earth and deliver hell.

It is a simple thing, the way they should do it, but Peter Obi is saying this, let’s go to Anambra State, not in Abuja and ask the ordinary person in Anambra State about Peter Obi.

The present government Is being scored high on infrastructure, so what would be different with you?

I don’t want to go into what they score, this present government.

But it is the government you are trying to inherit; you are trying to show you are better than them….

Nigeria today qualifies as a failed state because they meet the two ingredients of a failed state. First is that Nigeria is not in control of its territory.  But as a governor you have never been in charge of troops and security services.

There is banditry everywhere, there is criminality everywhere. Two, they are no longer in charge of our economy. You and I don’t even know what dollar will be tomorrow, it could be N700, it could be N800, it could be N900.

But what will you do differently? 

What I will do differently is that, Nigeria is not lacking of ideas and everything to do; what is lacking is that the institution is weak. The institutions used to implement is weak

What we are going to do, I and Datti Baba Ahmed, is to ensure that we will bring a government that is governed within the confines of what is needed, including character and competence. One, we will secure and unite Nigeria.

But how can you do all of these when in many constituencies, you don’t even have candidates for National Assembly?

Don’t worry about that. I governed Anambra State with 30 members of the house, none from my party, so don’t worry about that. I’ve told you, we will secure and unite Nigeria. We will show purposeful leadership.

Which magic wand are you going to wave to make it happen? 

The structure they are talking about is the structure of criminality, it is the structure that has kept Nigeria where it is today, it is the structure that has produced the highest number of poor people living in a country, it is the structure that has produced the highest number of out of school children, it is the structure that has produced the highest youth unemployment, it is the structure that has produced not just pass India in infant mortality, I can go on and on and tell you. (Daily Trust)

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2027: I’m ready to die protecting my vote — Obi

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NDC presidential candidate, Peter Obi
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Peter Obi, Presidential Candidate of the Nigeria Democratic Congress (NDC), has declared that he is ready to lose his life while protecting his votes in the 2027 election.

Speaking at a town hall meeting in Port Harcourt, Rivers State capital, on Thursday, Obi charged Nigerians to prevent a repeat of the “irregularities” witnessed during the 2023 general election.

In 2023, the Independent National Electoral Commission (INEC) failed to upload election results electronically due to the alleged failure of IReV.

Critics had accused the commission of hiding under the alleged failure of IReV to rig the election against the opposition.

Obi, who ran under Labour Party, and former Vice-President Atiku Abubakar who was candidate of the Peoples Democratic Party (PDP), had rejected the declaration of President Bola Tinubu as winner of the election and headed to the court.

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But Tinubu’s election victory was upheld by the court.

Speaking at the event tagged: “Obi Talks Nigeria”, the NDC Presidential Candidate said those plotting to manipulate the election would fail in their mission.

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He urged his supporters to go all out and exercise their franchise on election day, saying no one would intimidate them or prevent their votes from counting.

“Nobody will intimidate us again at the polling booth. If you get to any polling booth today, the highest number of officials you see is five. The average number of voters is 40 to 50. There is no way five people will intimidate 50 people.”

“This time all of us will rescue our country. Somebody said, ‘We are ready to die.’ Let me tell you, I’m ready to die too.

“We will make sure we have coordination to ensure that such intimidation does not arise. Yes, they will try to manipulate the IReV. But let me tell you, it will not be easy this time,” he said.

“There will be so many IReVs this time. If there is a network glitch, we will give them another one that has no glitch,” he said.

“By allowing them to continue, that glitch will glitch our lives. That is what we are suffering today,” Obi said.

On his part, NDC Vice Presidential Candidate, Rabiu Kwankwaso, appealed to voters to avoid past mistakes of not choosing competent leaders with the capacity to address the country’s challenges.

He said despite the number of states that the ruling All Progressives Congress (APC) currently controls, the party will still lose the next election.

“I believe that Nigerians must not make mistakes again. This is the time to get it right. And anything to the contrary, I believe people, if they make a mistake, certainly people will regret making that mistake. Because it will be too costly for the people and the country.”

“Jonathan was the president, the sitting president lost the election. I’ve given you an example, especially those who think because they have over 30 governors, they cannot lose the election. That was a very big mistake,” he said. (Daily Trust)

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Peter Obi questions President’s past, demands transparency over Educational Records

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The presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, has criticised the moves by a sitting President to prevent the release of records concerning his past, particularly documents relating to his educational credentials.

In a tweet, the NDC presidential candidate said he was deeply saddened by the direction in which Nigeria was heading, describing it as “profoundly embarrassing” that a sitting President would ask a foreign court to withhold records concerning his past, particularly where such records relate to matters of legitimate public interest.

Obi argued that leadership requires the courage and humility to confront one’s past rather than shield uncomfortable aspects of it from legitimate scrutiny.

“Leadership, in my humble view, demands the courage and humility to confront one’s history — to acknowledge mistakes, provide candid explanations where questions arise, and, where necessary, apologise and seek forgiveness,” he said.

According to him, true authority is strengthened, rather than diminished, when leaders accept responsibility instead of attempting to conceal controversial aspects of their past.

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He said the matter becomes even more significant when it concerns educational credentials, stressing that questions surrounding foundational education, including primary and secondary schooling, should not remain unresolved or be addressed principally through legal proceedings.

“Nigerians deserve clear, credible, and verifiable explanations, especially when such had been submitted in the past,” Obi stated.

The former Anambra State governor also expressed concern about the example such conduct could set for the country’s younger generation, particularly the more than 30 million Nigerians currently in school.

He said the highest office in the land should exemplify integrity, accountability, transparency and ethical leadership.

Obi noted that an imperfect past was part of the human condition, but maintained that what mattered was the willingness to confront it with humility and honesty, apologise where necessary, make amends and, when circumstances demand, place the interests of the nation above personal ambition.

He questioned when Nigeria’s political class would fully appreciate that individual ambitions are temporary, while the nation endures.

“When will our political class fully appreciate that individual ambitions are temporary, while the nation endures?” he asked.

Obi further observed that although the Presidency is an office held for only a season, the moral standards established by those who occupy it could influence generations.

He reaffirmed his loyalty to Nigeria, stating that he had never sought citizenship of another country, even when doing so became fashionable.

“Nigeria is greater than any one person, and the integrity of the Republic must always come before the interests of the individual,” he said.

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Tinubu, APC governors move to resolve campaign list crisis

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President Bola Tinubu on Thursday held closed door talks with governors elected on the platform of the All Progressives Congress, otherwise known as the Progressives Governors‘ Forum, at the Aso Rock Presidential Villa, Abuja.

Thursday’s meeting is the latest in a back-to-back series of engagements with governors and top chieftains of the party at Aso Rock to resolve the crisis trailing the controversial Presidential Campaign Council list released by the party last Saturday, August 23, 2026.

The governors marched to the President’s office shortly before 4:00pm on Thursday, after emerging from a separate session of the National Economic Council chaired by Vice President Kashim Shettima.

The consultations, which began since Wednesday, were aimed at reviewing and reworking the PCC list which has continued to generate controversy since its release.

The ruling party had faced severe backlash over the inclusion of some controversial party chieftains, particularly those currently facing corruption charges.

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It was also alleged that some key sections of the party were not carried along in the drafting of the PCC list.

Multiple party sources, who spoke with The PUNCH on Thursday, said the meeting, which initially held from around 4pm to 11pm on Wednesday, could not be concluded.

Consequently, the meeting continued on Thursday after the regular NEC meeting.

As of press time on Thursday, The PUNCH could not confirm the extent of the changes made to the list.

However, sources close to the APC governors and party heavyweights said the list had been reviewed.

One of the sources said the initial list had been deleted from the party’s X handle and that a new list would be posted as soon as the President approves the deliberations at the meeting and the proposed changes.

“The list is part of the main agenda of the meeting. You can notice that the other controversial list has been deleted from the Twitter handle of the party,” a top source close to the APC governors said.

Also speaking on the list, another top party chieftain said, “Can you believe that the party was not carried along in the formation of the list? The President’s Special Adviser on Political Matters and a few persons in the Presidency came up with the list.

“You can see the backlash that has trailed it. The President is handling the matter, and it is believed that some changes will be made after the two-day meeting.”

Meanwhile, further findings by our correspondent showed that the party would double down on social intervention programmes ahead of the January 2027 poll.

It was learnt that this was part of the ruling party’s plan to reach out to Nigerians and ameliorate the suffering of the masses.

The APC had recently released the complete membership list of its 2027 Presidential Campaign Council.

As earlier reported, President Bola Tinubu will chair the council, with Vice President Kashim Shettima and APC National Chairman, Professor Nentawe Yilwatda, serving as vice chairmen I and II respectively. Senator Abdulaziz Yari was named Director-General, while Imo State Governor, Hope Uzodimma, will serve as Secretary.

The expanded list, numbering 223 entries, adds directorates covering finance, extractive industries, education, manufacturing and MSMEs, support group coordination, faith-based mobilisation, protocol, labour union relations, special duties, stakeholders’ mobilisation, community support, digital operations, grassroots engagement, and welfare.

Following series of controversies that trailed the list, the Special Adviser to the President on Media and Public Communication, Sunday Dare, said later that adjustments would made to the list where necessary.

Dare said the list remained valid because the campaign structure was not yet complete, with several subcommittees still to be constituted.

“As it is with every other list, there’s a room for subcommittees. Those subcommittees have not been formed, and so many other names will come into that subcommittee,” he said.

Dare also referred to a statement issued by the APC, insisting that the party had not withdrawn the list.

“But of course, there will be adjustments. The list is not cast in stone, just like every other list,” he added.

Asked whether the expected changes amounted to a review of the council, Dare drew a distinction between the two terms, saying the changes would only be made where necessary.

“Not a review, just adjustments where necessary,” he said.

Explaining the distinction, Dare said a review would amount to a broader overhaul of the existing structure.

“Review is wholesale, this is not wholesale,” Dare said.

He added that the planned subcommittees would provide room for more party members and political stakeholders to be accommodated within the campaign structure. (PUNCH)

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