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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.

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

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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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Stakeholders demand sanctions against A’Court’s Justice Lifu, as Mark warns FG on political manipulation

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ADC National Chairman, David Mark
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Following the Court of Appeal’s decision to reverse the deregistration of the African Democratic Congress and four other parties on Monday, ADC National Chairman Senator David Mark stated the judiciary is on trial and warned the Federal Government against political manipulation.

Stakeholders also called for sanctions against Justice Peter Lifu for flouting a superior court order, as the ADC assures supporters they will remain on the ballot.

Political parties and stakeholders affected by the Federal High Court’s controversial deregistration order welcomed the Court of Appeal’s decision to stay the execution of the judgment.

The Court of Appeal in Abuja had on Tuesday ordered a stay of execution of the judgment that directed the Independent National Electoral Commission to deregister the ADC, Action Peoples Party, Action Alliance, Accord Party and Zenith Labour Party, while delivering a stinging rebuke to Justice Lifu for flouting a May 22 appellate court order restraining him from delivering the ruling.

In a unanimous decision on Tuesday, a three-member panel led by Justice A. B. Mohammed condemned Justice Lifu of the Federal High Court in Abuja for flouting a May 22 order that directed him to suspend proceedings before him, describing his conduct as the gravest form of judicial misconduct.

“The decision of the lower court to proceed with the judgment despite the express order of this court is a brazen violation of the hierarchy of the court and the 1999 Constitution,” the panel held.

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The appellate court went further, invoking a Supreme Court precedent to characterise Justice Lifu’s conduct in the harshest terms.

“The decision of the lower court to proceed with the judgment despite the express order of this court is the highest form of judicial impertinence,” the panel declared, adding that the Supreme Court had previously held that a judge who acted in such a manner “is unfit for the bench as it amounts to judicial rascality.”

The court said it had a duty to assert its supervisory authority over lower courts and protect the integrity of the judicial hierarchy.

“Courts are enjoined to protect their integrity. This court has supervisory authority over the trial court. This court has the duty to invoke its powers in ensuring that its orders are obeyed. The application for stay of execution is hereby granted. The enforcement of the judgment is stayed,” the panel ruled.

The Federal High Court in Abuja, presided over by Justice Lifu, had on Monday ordered INEC to deregister the ADC, Accord Party, Action Alliance, Action Peoples Party and Zenith Labour Party, ruling that the five parties failed to meet the constitutional performance thresholds under Section 225A of the 1999 Constitution, specifically, requirements related to securing at least 25 per cent of votes in certain states or winning seats in the 2023 general elections.

Earlier in Tuesday’s proceedings, INEC told the appellate court it was stunned by Justice Lifu’s decision to deliver the judgment, disclosing that the commission only learned of the ruling through media reports rather than any official notification.

INEC’s lead counsel, Mr Haliru Mohammed, told the panel that the commission had been aware of the appellate court’s May 22 order restraining the lower court from delivering the judgment, which had originally been reserved for June 5.

“We were not aware of any notice from the court regarding the delivery of the judgment. We only saw it as breaking news in the media. We therefore do not oppose the application of the appellant to stay the execution of the judgment,” Mohammed submitted.

The commission also aligned itself with the notice of appeal filed by the affected political parties.

Counsel to the ADC, Mr Shuaibu Aruwa, SAN, told the court that Justice Lifu communicated the judgment’s delivery to the party via WhatsApp, a disclosure that drew visible reactions from the bench.

Aruwa described the lower court’s conduct as an invitation to anarchy and urged the appellate court to invoke its disciplinary jurisdiction under Section 6 of the 1999 Constitution to sanction the judge.

“The action of the trial judge calls for swift and extraordinary measures from this court. We have come to the stage where this court should press the reset button.

“We urge this court to take disciplinary steps by immediately suspending that judgment. This court has the power to protect its own integrity. We pray this court suspends the judgment immediately without further delay,” he added.

APC reacts

Reacting to the appellate court’s decision, the ADC’s National Publicity Secretary, Bolaji Abdullahi, said the ruling offered a measure of hope for the judiciary’s credibility, though he was careful not to celebrate unreservedly.

“It indicates that the judiciary may still redeem itself. We are cautiously delighted but we insist that it shouldn’t have happened in the first place,” Abdullahi said in a telephone interview.

He called on the National Judicial Council to take urgent steps to rid the bench of judges whose conduct brought the institution into disrepute.

“We, therefore, hope that the judicial council will take urgent steps to purge the bench of judges who bring the judicial institution to disrepute,” he said.

The National Leader of the Action Peoples Party, Ikenga Ugochinyere, was more emphatic in his welcome of the ruling, describing it as a vindication of the party’s position from the outset and calling on the NJC to weed out what he termed controversial judges.

“There was no need to panic in the first place, and, so, this ruling is a vindication of our position from the get-go,” Ugochinyere said.

“We call on the NJC to weed out controversial justices who say one thing in the morning and another in the evening. These are the bad eggs giving the judiciary a bad name,” he added.

Ugochinyere raised broader concerns about public confidence in the justice system, warning that judicial inconsistency was eroding citizens’ respect for court pronouncements.

“Court pronouncements are supposed to be respected by citizens, particularly because they come from institutions established by law. But when people begin to hide behind technicalities, it raises concerns about the integrity of those institutions.

“How do we expect citizens to obey court judgments when many people no longer see justice as blind, but rather as something influenced by individuals and personal interests? That is the challenge before us,” the APP leader added.

He also noted that the controversy surrounding Justice Lifu’s ruling had sparked frustration across the country, with some of the anger directed at the presidency.

“This situation has generated a lot of reactions across the country. Many people are directing their frustrations at the President. Perhaps there is a need for greater clarity so that Nigerians understand exactly what is happening,” Ugochinyere said.

He nevertheless described Tuesday’s outcome as a victory for democracy and the rule of law.

“What happened today (Tuesday) is a victory, not just for democracy, but for the rule of law. We are happy because the courts have once again demonstrated their relevance in our democratic process,” he said.

Other parties speak

The Acting National Chairman of the Coalition of United Political Parties, Peter Ameh, took a philosophical approach in welcoming the ruling, invoking the words of the philosopher Edmund Burke to frame the significance of the appellate court’s intervention.

“The only thing necessary for the triumph of evil is for good men to do nothing,” Ameh said.

He warned that what he described as hostile executive rascality and brazen judicial overreach must not be allowed to stand.

Also, the ADC presidential candidate, Atiku Abubakar said in a statement posted on his X handle that the ruling was a positive development, noting with particular significance that INEC itself had initiated the application for the stay .

“I welcome the Court of Appeal’s decision to stay the execution of the Federal High Court judgment seeking the deregistration of our great party, the ADC, and four other political parties. It is particularly significant that INEC itself initiated the application for the stay,” he wrote.

Atiku, Mark protest

The former Vice President, Atiku Abubakar also criticised what he described as judicial contradictions in the ongoing legal dispute, warning that such developments had placed the judiciary under intense public scrutiny.

“The disturbing spectacle of judicial contradictions and politically charged rulings playing out in our courts has placed the judiciary under intense public scrutiny. As ADC National Chairman, Sen. David Mark, rightly observed, the judiciary itself is now on trial,” Atiku said.

He warned against any attempt to weaponise the courts against Nigeria’s democratic institutions.

“Any attempt to undermine Nigeria’s hard-won democracy through judicial manipulation is a grave danger to the Republic. If our democracy suffers further injury, history will demand accountability from those entrusted with dispensing justice,” he said.

Following the judgment given by Justice Lifu, the National Judicial Council has been urged to investigate Justice Peter Lifu over his decision to deliver judgment in a case that was already before the Court of Appeal.

The civil society organisation, Tap Initiative for FOR Citizens’ Development, on Tuesday in a statement called on the leadership of the judiciary to immediately investigate Justice Lifu over the judgment.

The call follows concerns over the alleged disregard for the hierarchy of courts and implications such actions could have on the judiciary and Nigeria’s democracy as the country moves closer to the 2027 general elections.

Justice Lifu had on Monday ordered the Independent National Electoral Commission to deregister five political parties over their alleged breach of Section 225(A) of the Constitution.

However, the judgment was reportedly delivered despite an order staying proceedings issued by the Abuja Division of the Court of Appeal on May 22.

The decision has since attracted criticism from several quarters, with critics accusing the judge of undermining democratic principles.

In a statement signed by its Executive Director, Mbasekei Martin Obono, the group urged the NJC to, among other things, “Determine whether the decision was delivered in disregard of pending appellate proceedings and a subsisting order of stay;

“Examine possible breaches of the judicial code of conduct; Take appropriate disciplinary action if misconduct is established; and

Reaffirm the authority of appellate courts and the supremacy of due process within the judiciary”.

The group recalled that the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, had consistently emphasised the need for accountability, discipline and ethical conduct within the judiciary.

It disclosed that it had formally petitioned the CJN, in her capacity as Chairman of the NJC, seeking an investigation and possible disciplinary action against Justice Lifu.

According to the group, the petition presents an opportunity to reinforce the principles of accountability and demonstrate that judicial independence is not incompatible with responsibility.

“Tap Initiative expresses grave concern that at the time the said judgement was delivered, there were subsisting appellate proceedings before the Court of Appeal in respect of the same subject matter in Appeal No. CA/ABJ/CV/569/2026. Furthermore, the Court of Appeal had issued an Enrolment Order expressly granting a stay of proceedings in Suit No. FHC/ABJ/CS/2637/2025, being the very proceedings in which the Federal High Court subsequently proceeded to deliver judgment.

“This development raises profound constitutional and procedural concerns, as it appears that a valid order of stay and active appellate proceedings were in force at the material time. If established, this situation would constitute a serious affront to the doctrine of judicial hierarchy and the supervisory jurisdiction of the Court of Appeal within Nigeria’s constitutional order.

“Tap Initiative emphasizes that the integrity of Nigeria’s justice system depends fundamentally on strict adherence to judicial hierarchy, procedural discipline, and respect for appellate authority. Any deviation from these principles risks creating conflicting judicial outcomes, eroding legal certainty, and undermining public confidence in the courts”, he said.

The group stressed that the judiciary remains the last hope of the common citizen, arguing that its legitimacy is sustained not only by constitutional authority but also by unwavering public confidence in its fairness, discipline and respect for the rule of law.

It therefore called on the NJC to treat the matter with the urgency and seriousness it deserves in the interest of justice, democracy and national stability.

Meanwhile, the National Chairman of the African Democratic Congress, Senator David Mark, on Tuesday declared that the Nigerian judiciary, rather than the opposition party, is the institution facing scrutiny over the controversy surrounding the deregistration of the ADC and four other political parties.

Speaking at the ADC Strategic Communications Retreat in Abuja, the former Senate President accused the judiciary of actions capable of undermining public confidence in the nation’s democratic process, while questioning the conduct of Justice Peter Lifu in matters relating to the party.

According to Mark, the outcome of the controversy will test the credibility of the judiciary and the ability of the National Judicial Council to address concerns arising from the case.

“The ADC is not on trial. Rather, it is the judiciary that is on trial and the nation is waiting to see how the National Judicial Council is going to handle this precarious situation,” he said.

The ADC chairman expressed concern over what he described as unprecedented judicial actions, alleging that Justice Lifu ignored an order of the Court of Appeal directing a stay of proceedings in the matter.

He said it was difficult to comprehend how a judge could be involved in actions that appeared to contradict existing court directives.

Mark further alleged that the judge issued conflicting decisions regarding the status of the party within a short period.

“It is strange that a judge can order the Independent National Electoral Commission to pronounce a party dead and in less than 24 hours put the same party on trial,” he said.

The remarks come amid growing political tension over recent legal challenges affecting opposition parties ahead of preparations for the next electoral cycle.

Despite the legal setback, Mark urged party members not to lose confidence in the ADC, insisting that the party would emerge stronger from the dispute.

“Like I have said previously, our members should not worry about the shenanigans of the ruling party. We will go through all these turbulence because we are up to the task. By the time we are through all these, ADC will come out stronger,” he stated.

The former Senate President also accused the ruling All Progressives Congress APC of attempting to weaken opposition forces through distractions, claiming that the governing party was struggling to defend its record in office.

He alleged that the President Bola Tinubu-led government is diverting attention from its challenges by targeting opposition platforms.

Addressing party communicators at the retreat, Mark charged them to craft messages capable of expanding the ADC’s appeal across political divides, including among members of the ruling party.

He challenged the communications team to develop persuasive narratives that would attract more Nigerians to the ADC project. (PUNCH)

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Ex-Gov Ugwuanyi reaffirms support for APC’s Ikeje Asogwa, disowns PDP candidate

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Ex-Gov Ifeanyi Ugwuanyi with APC Enugu North senatorial candidate, Ikeje Asogwa (left)
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Former Governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi, has dismissed as false and misleading reports circulating on social media alleging that he is supporting the Peoples Democratic Party (PDP) candidate, Barr. Nestor Ezeme, in the forthcoming Enugu North Senatorial District bye-election.

In a statement personally signed by him, Ugwuanyi described the claim as fake news orchestrated by political mischief makers seeking to gain undue advantage ahead of the poll scheduled for Saturday, June 20, 2026.

The former governor, who is now a member of the All Progressives Congress (APC), stated that he has no reason to support a candidate from another political party, stressing that his loyalty remains with the APC and all its candidates.

“As a committed member of the APC, I have no business supporting the candidate of another party. My support is firmly and unequivocally for all APC candidates, from the President down to the Councillor,” Ugwuanyi stated.

He specifically reaffirmed his support for the APC candidate in the Enugu North Senatorial bye-election, Chief Ikeje Asogwa, noting that his position on the contest has never been in doubt.

“I stand by Chief Ikeje Asogwa and my party, the APC. Any claim to the contrary is fake news and should be dismissed and disregarded by the public,” he said.

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Ugwuanyi further alleged that the rumours were being spread by individuals bent on deceiving the electorate through name-dropping and misinformation.

“These false reports are the handiwork of mischief makers who have resorted to propaganda and deception in pursuit of electoral gains. The people should not be misled,” he added.

The former governor therefore urged members of the public and supporters across the Enugu North Senatorial District to disregard the reports and remain focused on the issues ahead of the election.

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Kenneth Okonkwo dumps Atiku over appointment of VP candidate from South-South

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Kenneth Okonkwo
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Nollywood actor and politician Kenneth Okonkwo has withdrawn his support for former Vice President Atiku Abubakar following the announcement of former Transport Minister, Rotimi Amaechi, as his vice presidential running mate.

Okonkwo made his position known in a statement issued on his X (formerly Twitter) account on Monday, shortly after reports emerged that Atiku had selected Amaechi as his running mate for the 2027 presidential election.

The former Labour Party chieftain said he could not, in good conscience, campaign for any presidential ticket that excludes the South-East from both the presidential and vice-presidential positions.

“If it is confirmed that he has chosen a candidate from the South-South, I wish him well. I am not favourably disposed to campaigning for any presidential ticket that does not have a person of South-East origin as President or Vice in 2027,” Okonkwo stated.

His remarks effectively distance him from Atiku’s campaign and signal a major crack within the opposition coalition ahead of the 2027 general election.

Okonkwo argued that the South-East has remained politically disadvantaged since the return of democracy in 1999, noting that the region has neither produced a President nor a Vice President during the period.

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“This Geo-Political Zone has neither produced a President or Vice President since 1999. To deny the South-East the opportunity to produce the President or Vice President in ADC in 2027 will amount to perpetuating the marginalisation,” he said.

The lawyer and political activist expressed disappointment over reports that the vice-presidential slot may have been ceded to the South-South despite the sacrifices made by leaders from the South-East in building and sustaining the coalition.

“I heard from the social media that ADC has picked its vice presidential candidate from the South-South. If this is true, it is unfortunate, as this will continue the crude marginalisation of the South-East,” he said.

Okonkwo recalled that the ADC was founded by former National Chairman, Chief Ralphs Nwosu, an indigene of the South-East, and argued that the party’s coalition arrangement was never intended to sideline the region.

“The ADC was founded by Ralphs Nwosu from the South-East in 2005. He made the sacrifice to give up the party in 2025 for the coalition to usher in a better Nigeria. He couldn’t have made that sacrifice to marginalise his own people,” he stated.

According to him, the South-East had already relinquished key positions within the coalition and deserved consideration for the vice-presidential slot.

“I did not join the coalition to assist in the further marginalisation of my own people. I am of the opinion that if we made a sacrifice to give up the National Chairman and the President, it will amount to unpardonable injustice to deny us the Vice President in 2027,” he said.

Okonkwo further disclosed that his only request to Atiku was to demonstrate his commitment to the political inclusion of the South-East by choosing a running mate from the region.

“The only favour I asked Atiku Abubakar, who openly declared that he is the pathway to the presidency of the South-East, is to show it by choosing someone from the South-East to be his Vice,” he stated.

He maintained that his political involvement has always been driven by the desire to build a Nigeria where no region, ethnic group or individual is marginalised.

“I joined politics to fight for a better Nigeria where no region, Geo-Political Zone, or person will be marginalised,” he added.

His declaration is expected to fuel fresh debate over zoning, equity and power-sharing within the opposition coalition as preparations intensify for the 2027 presidential election.

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