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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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Tinubu’s re-election: Uzodinma, Umahi don’t speak for Ndigbo — Igbo Community in FC

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Gov Hope Uzodinma and Engr David Umahi
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Ahead the 2027 Presidential election, the leadership of the Igbo Community Association (ICA) the umbrella socio-cultural organization in the Federal Capital Territory (FCT) strongly refutes and rejects the recent statements made by Imo State Governor Hope Uzodimma, Minister of Works David Umahi, and Senate Deputy Chief Whip Onyekachi Nwebonyi claiming that the South-East electorate is fully united behind President Bola Tinubu’s re-election bid.

President General of the Igbo ethnic body, Nze Engr. Ikenna Ellis-Ezenekwe stated in a press Statement on Monday emphatically stated that the three of them are neither spokespersons of Igbos in the FCT. He added that, “these three are merely being sent out to talk for Tinubu against the interest of Igbos. The South-East considers the Tinubu administration as a failed administration and for this reason will not vote Tinubu.”

The ICA President noted for the avoidance of doubt, that it wishes to set the record straight for the public and the political establishment that the mandate to speak for the Igbo People neither lie in the hand of Governor Hope Uzodimma, Minister David Umahi, nor Senator Onyekachi Nwebonyi who under Tinubu arrogate to themselves as the spokespersons for the Igbo ethnic group.

Nze Ikenna Ellis-Ezenekwe, further agued that elected political appointees and ruling-party actors do not hold a mandate to declare a political consensus on behalf of millions of Igbo citizens.

The statement reads further, “These endorsements represent the personal political preservation strategies of a few office holders seeking to retain favor with the presidency. They do not reflect the true political stance, socio-economic realities, or grassroots sentiment of the South-East region.

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“The grassroots population across the South-East considers the current federal administration to have failed on key economic and administrative metrics.

“The assertion that President Tinubu will sweep all five South-East states in 2027 is completely detached from the prevailing conditions on the ground.”

Meanwhile, The Igbo Community Association (ICA) FCT urges public officials from the South-East to focus on their constitutional duties, governance, and the immediate economic needs of their constituents, rather than attempting to trade away the political sovereignty of the Igbo electorate for personal leverage.

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Osun Election: Don’t allow a repeat of 1983 crisis – Adeleke warns Tinubu

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Osun State Governor, Ademola Adeleke
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…Says Osun won’t tolerate rigging

Osun State Governor, Ademola Adeleke, has warned President Bola Tinubu not to allow rigging the August 15 governorship election in the State or risk political violence as witnessed in 1983.

The Governor, who was addressing party supporters at Orita-Sabo in Olorunda local government area of Osun State on Monday, also said the President must wake up to his responsibility of protecting the people from police harassment.

According to him, the President is watching without concern, the political crisis in Osun being perpetrated by his party chieftains despite the fact that Accord has endorsed him as the 2027 Presidential candidate.

“Mr President, I want you to take note of my words, I m the Chief Security officer of Osun, you are a Yoruba man and Osun is Yorubaland, yet, your party chieftains are perpetrating political violence while you look the other way.

“Mr President, all we demand for is a free and fair election, if anybody try to do otherwise, the political crisis of 1983, when some people tried to rig Michael Ajasin in Ondo State out of power, may repeat itself again.

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“Mr President call your people to order, call police chiefs to order, I am the governor here not any other person. Accord has already endorsed you as it’s candidate, why are we suffering again.

“You fought for democracy in Nigeria and you must not allow your people destroy it. Wake up to your responsibility Mr President, stop the shenanigans going on in Osun”, he warned.

Earlier, the Imole Campaign Council Director-General, Senator Lere Oyewumi tasked the people to troop out en masse to cast their votes for the party as the only way to return Adeleke to office again.

He said the good work of the governor is enough to warrant the people to vote for him again, calling on the electorates to votes and protect their vote on election day.

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Editorial

ADDRESS BY THE PRESIDENT OF THE CATHOLIC BISHOPS’ CONFERENCE OF NIGERIA DURING A COURTESY VISIT TO HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR ON 28 JULY 2026 (FULL TEXT)

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The Catholic Bishops of Nigeria
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PARTNERS IN BUILDING A JUST, PEACEFUL AND PROSPEROUS NIGERIA

Mr. President,

1. Greetings: I bring you warm greetings and prayers from all the members of the Catholic Bishops’ Conference of Nigeria. I am Archbishop Matthew Man-Oso Ndagoso, the Archbishop of Kaduna and the newly elected President of our Conference. I thank you immensely for granting us this audience, which offers us the opportunity to share with you some of our observations and genuine concerns about our country. This ensures the continuity of our collaborative engagement in the task of building a healthy nation that all of us would be proud to belong to: “a nation of justice, love and peace.”

2. The Visit of Archbishop Gallagher: Your Excellency, may we use this opportunity to express our gratitude to you and the Ministry of External Affairs for the warm reception that you gave to the Holy See’s Secretary for Relations with States and International Organisations, Archbishop Paul Gallagher, during his recent visit on the occasion of the fiftieth anniversary of Diplomatic Relations between the Holy See and the Federal Republic of Nigeria. We, as Nigerians and Catholics, are happy to share the two identities and proud of the healthy and unbroken relations between the two states. We believe that the relations will bear perceptible fruits for Christianity and Christians in our country. This, Mr. President, is a time when many Christians have legitimate concerns about their place in Nigeria, especially regarding the departure from the Christian/Muslim presidency, and we hope that, through deliberate government policies, those concerns will be addressed and Christians will be reassured of their rights as citizens. We expect that you will take steps to soothe frayed nerves and address the concerns.

3. Quality tertiary education and the challenge of limited spaces: Mr. President, Sir, you have shown a commitment to giving hope and succour to our youth through NELFund, the Student Loan Initiative. This deserves commendation. Unfortunately, by global standards, Nigeria does not as yet have enough universities to cater for a bulging youth population. Only a tiny fraction of the persons seeking admission into the university actually get it, owing to limited number of places available. We therefore hope that the recent moratorium placed by the National Universities Commission (NUC) on the establishment of new private universities does not cancel out the gains of NELFund.

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4. Sustaining the gains of the democratic experience: Mr. President, on matters of the state, we are genuinely concerned by fears expressed across the country on the fate of opposition politics. You have a track record of having been in active opposition. Many voices are screaming over what they consider to be the constriction of the political space, with some fearing that a one-party state is being anticipated. Whether these fears are genuine or not, can only be tested by the signals citizens receive from Your Excellency as the leader of the party in power. To this end, we urge you to encourage elected political office holders who are members of your party – Governors, members of the National Assembly, Local Government Chairmen – to ensure that a genuine level playing field is maintained and that focus is placed on making everyone see that the rules and processes are fair to all and respected by all. As a man who risked so much in the struggle for the return of democratic rule in the dark days of military dictatorship, your greatest legacy would be the strengthening of our democratic institutions.

5. Credible elections for the avoidance of disaster: Furthermore, there have been growing concerns about the electoral processes. We note the efforts being made to ensure that the elections are free, fair and credible. Sadly, there is an increasing feeling of disenchantment with the clear manipulation of the electoral processes, and the collective feeling that people’s votes do not count. Lower voter turnouts are a mark of distrust in the electoral processes. It is our hope that you be on the forefront in demanding that the Independent National Electoral Commission, INEC, delivers credible elections, to ensure that Nigeria is set on the path of national development and integrity. This ought to start with making voters’ cards easily available to all eligible voters and end with election results that reflect the true choice of Nigerians. Adequate and timely funding of INEC is required to ensure that the Agency inspires the confidence of citizens. Anything short of transparent, free, fair and credible elections in 2027 would be an invitation to avoidable disaster against which all well-meaning Nigerians have been praying. We urge that the conduct of the political class should be in tune with the voices we lift to God in prayer.

6. But we need to be alive and secure first: Mr. President, we congratulate you for the recent successful release of the kidnapped school children and their teachers in Oyo State. The arrest of some of the kidnappers and their speedy prosecution is one of the few positive indicators of what a willing government and its agencies could do to protect the life and property of the citizens. We commend you for this and for other such cases in recent times. Unfortunately, these remain few and isolated exceptions. Our nation still remains a favourable destination for terrorism, banditry and high levels of insecurity that threaten our collective existence. Schools, places of worship, homes, farms, rural roads and highways. Nowhere is safe anymore, as bandits and criminals freely carry away scores of worshippers and schoolchildren, even in broad daylight undisturbed, kidnap and butcher simple as well as high profile citizens mercilessly and unapologetically. Our sovereignty is at stake and, even by African standards, our insecurity continues to diminish our standing and our ability to serve as the leader of Africa.

7. Worsening quality of life, suffering and pain: When the security situation in the country is taken together with the deterioration and near collapse of the power sector, the sorry state of our roads, the economic hardship, one wonders how much of the renewed hope agenda flaunted by your administration is being realised. Mr President, our nation is bleeding. The citizens are suffering and crying. Not only on account of the constant threat to their life by criminal elements, but also because of some policies of government whose promised positive effects have been delayed too long before being felt. You have said a couple of times that you hear their cries and feel their pain. But words are not enough. They expect concrete action that engenders some change in their condition.

8. Pope Leo XIV among us will strengthen our collective prayers and efforts: Finally, we believe that the problems and burden of our nation require a sincere commitment to good governance for the common good to the glory of God. We continue to pray for our dear country and appeal to you to take seriously our pleas for greater collaboration between the Church and the State for the overall wellbeing of our people. We believe that Mr President is aware that the Holy Father, Pope Leo holds our country very close to his heart and constantly prays for us. During our visit to him in March this year, he was quite enthusiastic about a visit to Nigeria on a date in the future. As you know, Sir, that will only happen if you invite him. We request that this be done soon. Our land and its people will benefit immensely from his presence and blessing.

9. Two particular requests: Mr. President, we respectfully place two specific requests before Your Excellency. First, we ask that Your Excellency give favourable consideration to the request on the return of mission schools to their original proprietors. We recall that this matter was raised during our meeting with you last year, and we remain hopeful that your Government will take the necessary steps towards its implementation.
Second, in the light of the Supreme Court judgment of 10 February 2026 affirming the constitutional right of Muslim students at Rivers State University to freedom of religion and worship, we respectfully request that Your Excellency direct the appropriate Ministries, Departments and Agencies of Government to ensure that this same constitutional principle is faithfully implemented throughout the Federation. In particular, we appeal that Christians, especially in the northern part of the country, who continue to face difficulties in acquiring land for the construction of churches or in freely exercising their right to worship, should enjoy the same constitutional rights and protection accorded to all Nigerians. Equal citizenship must be reflected not only in law but also in practice.

Once again, we thank you very sincerely for granting us this audience. We pray that the Almighty and merciful God may grant you the wisdom and strength to lead our nation and all its citizens towards that greatness that God has destined for us.

Matthew Man-Oso NDAGOSO
Archbishop of Kaduna
President, CBCN

 

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