Former presidential candidate of the Labour Party and ex-Anambra State governor, Peter Obi, has raised concerns over what he described as the steady erosion of Nigeria's institutional integrity, warning that it is weakening investor confidence and undermining trust in governance.
Obi's Statement on Institutional Integrity
In a statement reflecting on recent judicial and political developments, Obi said Nigeria's long-term economic stability depends on the strength and independence of its institutions, particularly the judiciary. He referenced past controversies, including the removal of former Chief Justice of Nigeria, Walter Onnoghen, as an example of events that, in his view, send negative signals about the sanctity of the rule of law.
Investor Confidence and Judicial Uncertainty
According to him, while investors may tolerate economic or security risks, uncertainty in judicial processes remains the greatest deterrent to capital inflow and sustainable business growth. “Strong economies are built on trust. What investors fear most is uncertainty in the rule of law and perceptions of political interference in justice,” he said.
Obi warned that growing reliance on foreign jurisdictions for contract enforcement by Nigerian businesses is a troubling indicator of declining confidence in domestic institutions. He also cautioned that recent judicial decisions, including a Federal High Court ruling involving political parties, risk further weakening public trust if not addressed with transparency and fairness.
Call for Judicial Independence
“We must not sacrifice our institutions on the altar of politics. Nations succeed when institutions are stronger than individuals,” he stated. The former governor urged the judiciary to assert its independence and called on legal professionals to defend the credibility of the justice system.
He stressed that restoring confidence in governance structures is essential for both citizens and the business community. “The common man must trust the system. Justice must be impartial, accessible, and credible,” he said.
Vision for a New Nigeria
Obi reaffirmed his belief in institutional reform, insisting that a stronger judiciary and accountable governance remain central to rebuilding Nigeria's democratic and economic future. “A New Nigeria is possible,” he added.
