COVER
Ndigbo: What If Peter Obi Does Not Win the 2023 Presidential Election?

By Ugo Chukwuka
Ndigbo in Nigeria owe to themselves a sincere and unemotional answer to this question before it is too late: what if Peter Obi does not win the 2023 presidential election? This is precisely the question the governor of Anambra state, Professor Chukwuma Soludo, courageously confronted in his piece which he titled, ‘History Beckons and I will not be Silent (Part 1)’.
But rather than sit back and ponder over the strong possibility of Obi not emerging and the attendant implication for Ndigbo, the issue was treated with sentiment driven by media frenzy and attacks.The emotional outbursts that greeted Soludo’s timely intervention can be summarized as an insinuation that the governor of Anambra state does not want Peter Obi to become President of Nigeria.
Such outbursts remain a classic case of ad hominem – insulting and making insults against the person while ignoring the issues put forth.When people abandon the message to attack the messenger, it becomes dangerously diversionary and this is now a rising political culture that is further alienating Ndigbo from mainstream politics in Nigeria. This was the aim of those who pushed the narrative that Soludo does not want Peter Obi to become president of Nigeria and drove the media razzmatazz to an attempt to drown out the real issues contained in the erudite professor’s well-thought-out treatise and advice to Peter Obi in particular and Ndigbo in general.
Nonetheless, truth is both eternal and sacred. Though Peter Obi has managed to thrust himself forth as one of the four contenders to the office of the president of Nigeria, it is still obvious that he is the one playing catch-up and hasn’t quite reached the level where he and his Labour party can be rationally evaluated as having developed the capacity already possessed by the ruling APC, and the main opposition PDP.
The capacity in question is what the two behemoth political parties (PDP and APC) gained from their inception and experience in the field since 1998. (Note that APC is as old as PDP because the legacy political blocks that formed the APC are as old as the PDP and like the PDP, PAC has held the office of the President, State governors, and LG Chairmen. Yes, PDP and APC have produced Governors, Senators, the Senate President, the Speaker of the House of Reps/members, State assembly members, and Local government chairmen. Labour has not).
Sadly, Nigerians keep hearing the Labour party and its candidate shouting at every turn, ‘people are the structure’. This claim is not only fallacious but also smacks of deep ignorance of party democracy as well as how political parties function in an election. By their admission, by the time Peter Obi joined the Labour party, the party was adjudged as not being present in up to 10% of Nigeria, particularly in the Wards and Polling units where voting and initial coalition take place.
Today, barely 70 days to the presidential election, Labour though has made some progress and inroads, evidently has not advanced beyond 30% in covering the wards and polling units in Nigeria, whereas up to 80% of the grounds needed to be covered effectively by any political party that hopes to produce the president of Nigeria. Confirmatory of this position is that days ago, an open appeal by the Labour party for volunteers as LG Ward and Polling units’ coordinators for the party surfaced online.
So, when Soludo says that Peter Obi is not positioned or primed to win, he is right and knows what he is talking about. Peter Obi is without a doubt popular, particularly in the Southern part of Nigeria. But the core north, which controls over 40% of the votes, has not heard much of Peter Obi. A few who have heard are not likely to abandon their regional strategic interests to support a Peter Obi presidency that has not shown how such interests would be protected. What is more, Obi and Labour are not reaching out enough or negotiating enough with the critical stakeholders. They rely on the social media-generated frenzy to create the false impression that an Obi victory is already fait accompli.
Ndigbo, including Soludo, genuinely want Peter Obi to win. But the question – what if Obi does not win? – must not also be swept under the carpet. Unless they have completely been misled and lost their way in Nigerian politics, there are very existential conditions, which Ndigbo must put in perspective while taking political decisions at this moment. These are issues that shape their very existence and impact their future. Being emotional about such a lifesaving decision can only exacerbate an already bad situation and make the future bleaker, as happened to Ndigbo in 2015 and 2019 when Ohanaeze led the Igbo people to shut the door against President Muhammadu Buhari.
Recall that Ohanaeze leadership in 2014 under its former President General Chief Garry Igariwey and former Ohanaeze Ndigbo Secretary General, Dr. Joe Nworgu openly rejected the request by General Muhammadu Buhari to hold a meeting with the apex Igbo body. Ohanaeze’s leadership refused to engage, accusing Buhari of marginalizing the South-East as the Petroleum Trust Fund (PTF) chairman set up by the Sani Abacha regime. Ohanaeze sentimentally also noted they would not engage with Buhari because when Shehu Shagari was overthrown in 1983, Shagari, the number one person in that toppled civilian administration, was placed under house arrest while Ekwueme, the number two, who had no constitutional functions, was imprisoned.
Ohanaeze by taking this hard stand inadvertently declared Buhari an enemy of Ndigbo despite Buhari being a frontrunner and possible winner for the office of the President of Nigeria. The Igbo ethnic group thus refused to present their demands to the APC candidate who later won and turned his back also on Ndigbo. It is an impolitic move that the Igbo people later regrettably paid for and still pay dearly for.
As if that was not enough, again in 2019, Ohanaeze under Nnia Nwodo as President General did not only endorse the Atiku/Obi ticket of the PDP but again refused to give Buhari an audience despite being an incumbent president seeking reelection. Buhari was supposed to engage Ohanaeze the day he came down to Anambra state to commission Zik’s Mausoleum, which he completed.
Strangely, Ohanaeze PG rather than receive Buhari as a co-host to the historic moment, was at Nike Resorts in Enugu, endorsing Atiku Abubakar and Peter Obi’s ticket of the Peoples Democratic Party, PDP. Nnia Nwodo said then that after a critical and dispassionate appraisal of the issues and the visible fault lines in our polity, including the analysis of the election manifestos of the various contesting parties, especially with regards to the restructuring of the federation and continued relevance of the Ndigbo in the Nigerian geopolitical space, Ohanaeze resolved to endorse the Atiku/Obi ticket. Furthermore, PDP nominated an Igbo son, Peter Obi, as the vice presidential candidate to give Ndigbo an opportunity for inclusivity.
Ohanaeze as a socio-cultural organization has no business endorsing candidates. Whenever the Igbo apex body does that, it sends the message that Ndigbo do not want anything to do with other presidential candidates. This is very wrong and has contributed to the quagmire Ndigbo have found themselves in the current democratic dispensation.
This needless and provocative endorsement is repeating itself in 2022. Ohanaeze led by Prof. George Obiozor has just endorsed Peter Obi and is urging Ndigbo not to support any other presidential candidate. This is yet another strategic blunder given the fact both Atiku and Tinubu stand stronger chances of winning in the 2023 presidential election when the critical factors that combine to produce Nigeria’s president are dispassionately factored into the equation.
So, the nagging question again: in the likely event that Peter Obi does not win, what then will be the fate of Ndigbo in post-2023 Nigeria given the fact that the major ethnic group is not engaging and has indeed foreclosed engaging the two likely presidents of Nigeria, Atiku, and Tinubu? The ominous consequences of Atiku or Tinubu emerging with the impression that Ndigbo shut him out may continue the Buhari/APC policy of Igbo marginalization and exclusion, which as shown, is a self-inflicted injury.
Zik’s way remains the best way for Ndigbo. Dr. Nnamdi Azikiwe’s politics of diplomacy and compromise fetched the Old Eastern Region positions in the powerful executive, legislative, judicial, bureaucratic, and defence positions in the First Republic. The approach also secured the Southeast positions of the Vice President and Speaker of the House of Reps less than a decade after the civil war as well as several plum positions that ensured visibility and full representation of Ndigbo in the scheme of things as well as being the springboard for region-wide development.
All Igbo patriots should be extremely worried about the currently raging ‘nzogbu-nzogbu’ (do-or-die) mentality, which seems to have displaced the time-honoured Igbo culture of political engagement, consensus building, and common sense. There is an urgent need to turn away from the politics of self-adulation, uncritical echo chamber, and herd mentality and re-embrace once again the politics of dialogue and robust debate.
Igbo political leaders must back Soludo’s intervention and engage by opening up negotiations with the PDP and APC presidential candidates to ensure the Igbo pride of place and relevance in the coming government. This is the way to also ensure the youth restiveness, separatist agitations, and insecurity that has bedeviled the South-East of late is stopped from escalating beyond 2023.
No major ethnic group in Nigeria carries all its eggs in one basket or forecloses negotiations in an election where there is no clear likely winner. A word, they say, is enough for the wise.
COVER
LP Crisis: Nenadi Usman Begins Disciplinary Action against Abure

By David Torough, Abuja
The Nanedi Usman-led National Executive Council (NEC) of the Labour Party has set up a five-man disciplinary committee to investigate alleged gross misconduct against a factional leader, Julius Abure.The NEC also gave Abure 48 hours to explain why disciplinary actions should not be taken against him over the alleged misconduct.
Chairman of the party’s Caretaker Committee, Sen. Nenadi Usman made this known on Monday at a news conference in Abuja. Usman said that the action was in the exercise of the NEC’s constitutional mandate and in strict accordance with the disciplinary provisions of the party’s 2019 Constitution, as amended.“The NEC in session hereby announces the commencement of disciplinary actions against Mr Abure.“These actions have started with the constitution of a special investigative committee to review the actions of Mr Abure, as it affects the image and integrity of the party.“NEC gives Mr Abure 48 hours’ notice to show why disciplinary actions should not be taken against him for his numerous acts of gross misconduct against the party.“They are actions that threaten the unity, integrity and public image of our party,” she said.Usman further stated that NEC took the decision due to Abure’s continued impersonation and misrepresentation of the office of the National Chairman.“We can no longer stand by while the values we hold dear – transparency, discipline and democratic accountability – are undermined from within.“This press conference is convened to address the growing concern over the misconduct and internal rascality plaguing our party.“At a time when Nigerians are yearning for credible leadership and they see the Labour Party as a beacon of hope, it is regrettable that we must battle internal sabotage from those who should know better.“Rather than unifying the party, he undermines it. Rather than attract credible Nigerians to come and join, he alienates them. Instead of advancing our collective vision, he pursues narrow personal ambitions,” Usman said.The former Finance Minister said it was most painful that Abure targetted those who had brought credibility and national visibility to the party.“Mr Peter Obi and Gov. Alex Oti represent the aspirations of a new Nigeria. Gov. Otti stands out today as one of the most effective and respected governors in the country.“These men have sacrificed, not for personal gain but to give the Labour Party and Nigeria a real shot at transformation. What they demand is simple: a party that is transparent, democratic and accountable.“Instead of embracing this vision, Abure chooses confrontation and chaos. We say today, this must stop,” she said.Usman said that a formal notice of the action would be sent to Abure.The committee is chaired by Sen. Ireti Kingibe, with Peter Ameh as the Secretary.“Mr Abure is hereby warned to desist from parading himself as the National Chairman of the Labour Party or impersonating the office in any form.“The apex court of the land has clearly and finally nullified his claim to leadership and his tenure has long expired by the passage of time,” Usman said.Recall that the Abure-led NEC had recently set up a disciplinary committee to probe what it called Otti’s anti-party activities.Speaking further, Usman said that investigations had revealed that Abure illegally issued State Executive Committee letters every three months, in breach of LP’s constitutional provisions.These, the former minister said, had been nullified.She added that the leadership of the party would launch a nationwide membership registration and revalidation exercise in the coming weeks.Responding to questions on the likelihood of the party going into coalition with others, the party’s National Secretary, Sen. Darlington Nwokocha, said that LP would only welcome any coalition that would be beneficial to it.Labour Party Suspends Otti, Nwokocha, Kingibe, OthersThe Labour Party has announced the indefinite suspension of six prominent members, including Abia State Governor Alex Otti, Senators Darlington Nwokocha and Ireti Kingibe, over alleged anti-party activities.Others suspended were Victor Afam Ogene, Amobi Ogah, and Seyi Sowumi.The party’s National Executive Council said the decision followed the recommendations of a five-man Disciplinary Committee set up on May 2, to probe allegations of anti-party conduct.In a statement by the National Secretary, Umar Farouk Ibrahim yesterday, the party said the suspension takes immediate effect and bars the affected members from participating in any Labour Party activities.The statement read, “Recall that last Friday, 2nd of May 2025, the National Executive Committee (NEC) of the Labour Party set up a Five man Disciplinary Committee headed by the Deputy National Chairman, Dr.Ayo Olorunfemi, Alhaji Umar Farouk Ibrahim, the National Secretary and three others to investigate Abia State Governor, Dr. Alex Otti and any other party members over allegations of anti-party activities.“The Disciplinary Committee has concluded their assignment and has submitted their report to the party leadership. The National Executive of the party met today May 7th, 2025 and after exhaustive deliberation in line with powers donated to it by the Party Constitution has ratified the recommendation as submitted by the Disciplinary Committee.“Consequent upon that, the following members of the party have been suspended from the party and all its activities, indefinitely and with immediate effect. 1. Dr. Alex Otti; 2. Senator Ireti Kingibe; 3. Senator Darlington Nwokocha; 4. Hon. Victor Afam Ogene; 5. Hon. Amobi Ogah; 6. Hon. Seyi Sowunmi.”The party also addressed the omission of Nenadi Usman from the suspension list, stating that she is not a registered member of the Labour Party, but a supporter of its 2023 presidential candidate.“We are aware that she is a member of the Obidient Support group that worked and is still working for the party’s 2023 presidential candidate. We will therefore not honour her with any sanction being not a member of the party,” the statement added.It also accused Usman of lacking the moral authority to comment on corruption, citing her alleged plea bargain with the Economic and Financial Crimes Commission and purported asset forfeitures.“She should also tell Nigerians how she acquired her radio station in Kaduna, all her properties all over Nigeria and abroad, her companies in Cameroon, including her plantations. Nenadi Usman lacks the moral capacity to commence any probe or even talk about corruption,” the statement added.Reaffirming its stance on political alliances, the Labour Party said it would not join any coalition or merger ahead of the 2027 general elections.“Labour Party intends to prosecute the 2027 general election as stand alone party and no further discussion will be entertained on this matter,” the statement concludedCOVER
SEC Begins Tech Adoption Assessment for Capital Market

By Tony Obiechina, Abuja
The Securities and Exchange Commission (SEC) has begun the technology adoption assessment for registered capital market operators (CMOs).According to the SEC in a Circular yesterday, the exercise was to assess the adoption of advanced technologies among registered CMOs.
“The following technology adoption survey is designed by the Commission to assess the adoption of advanced technologies among registered Capital Market Operators (CMO),” the notice reads. “All registered CMOs should access and complete the survey by logging in to the e-portal https://eportal.sec.gov.ng/survey with their current access credentials.This survey will be available for two weeks, between 5-20 May 2025.”The SEC called on all capital market operators to direct their enquiries to innovation@sec.gov.ng.The director-general of the SEC, Dr. Emomotimi Agama had recently urged stakeholders in the capital market to embrace innovation as a catalyst for growth, increased efficiency, heightened transparency, and resilience.He disclosed that the SEC is aware of the new financial products and services that are emerging due to technology and is committed to adapting its regulations to address these innovations.According to him, the Commission has a three-pronged approach to regulating innovation: safety, market deepening, and solutions to problems. This has always, and will continue to help create a more efficient and reliable capital market ecosystem.“In the efforts to support the innovation and growth in the market, the SEC had established a programme of assessment called Regulatory Incubation to help new FinTech businesses. The programme allows them to operate for one year within a highly fortified and limited regulatory perimeter while the SEC develops applicable rules that address these innovative technologies. The incubation programme helps ensure investor protection and market stability while fostering financial technology advancements in the Nigerian Capital Market.”COVER
United Capital Declares N5.89bn PAT in Q1
United Capital Plc, a pan-African financial services group, has posted N5.89 billion as its Profit After Tax (PAT) for the first quarter ended March 31, 2025.This is against the N3.59 billion recorded within the same period in 2024.The group in a document posted on the Nigerian Exchange Group (NGX) platform yesterday, said the figure represented a 64 per cent increase from the amount recorded within the same period in 2024.
The group also declared N13. 1 billion as its gross earnings for the first quarter representing a 113 per cent increase from the N6.1 billion posted for the corresponding period of 2024.It further posted N6.73 billion as its Profit Before Tax (PBT) for the first-quarter, representing 65 per cent increase from the N4.1 billion declared within the same period last year.The United Capital Plc declared that its total assets stood at N1.72 trillion as at March 31, representing a one per cent increase from the N1.7 trillion recorded as total asset as at December.It said the shareholders’ funds grew to N161.2 billion compared to N133.50 billion recorded in December.The group added that the growth in shareholders’ funds represented a 21 per cent increase from the amount also recorded in December.United Capital Plc offers Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, Consumer Finance and Microfinance Banking.