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Statement from Peter Obi on Seizure of Nigerian Presidential Jets

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Peter Obi has expressed deep concern and disappointment over the recent seizure of three Nigerian presidential jets by a French court, describing the incident as yet another glaring example of failed leadership and disregard for the rule of law in Nigeria.

In a statement released on his X.com page, Obi criticized the federal government’s decision to proceed with the purchase of the jets despite widespread public opposition, especially at a time when Nigerians are grappling with severe economic hardship.

He highlighted the insensitivity of the administration, noting that such a decision reflects a disconnect from the realities faced by the nation’s citizens.

Obi also raised serious concerns about the secrecy surrounding the management of these assets, pointing out that Nigerians were kept in the dark about the acquisition and potential sale of the jets until the court ruling.

He emphasized the need for transparency and accountability in governance, calling on the federal government to provide a full explanation of the events leading to this international embarrassment.

“This incident has exposed the multiple dimensions of leadership failure in our country, including the abuse and disrespect for the rule of law,” Obi stated.

He urged the federal government to address the situation transparently and explain how Nigeria found itself in this predicament.

Peter Obi further questioned the role of both the Ogun State and federal governments in handling the contractual dispute with the Chinese company, Zhongshan, which led to the court’s decision.

He called on the authorities to be accountable to the Nigerian people and to take immediate steps to resolve the matter.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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