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Peter Obi Biography (Politics, Age, Net Worth)

Peter Obi Biography (Politics, Age, Net Worth)

In the 2019 presidential election, Peter Gregory Obi, a politician, and businessman from Nigeria, was selected as the PDP’s (People’s Democratic Party) vice presidential candidate. He presided over Anambra State as governor from 17 March until 2 November 2006. From February 9 to May 29, 2007, when his impeachment was thrown out, he was under investigation. He was re-elected to office for a second term on February 6, 2010, during the governor elections. He is the presidential candidate of the Labour Party 2023 in the general elections.

Early Life & Education

On July 19, 1961, Peter Obi was born in Onitsha, Anambra. He is the fourth child of a devout Catholic and successful businessman whose parents managed a well-known shop in Onitsha. At the esteemed Christ the King College in Onitsha, he finished his senior year of high school. He enrolled in the University of Nigeria, Nsukka in 1980, one of Nigeria’s founding universities, and earned a B.A. (Hons) in philosophy there in 1984.

Peter Obi attended the Lagos Business School in Nigeria, the London School of Economics, the Columbia Southwest School in New York, New York, USA, the Harvard Business School in Boston, Massachusetts, where he completed two programs, and the Institute for Management Development in Switzerland, where he earned two certificates in the Chief Executive Officers Program and Senior Executive Program. He also attended the George Business School at Cambridge University, the Said Business School at Oxford University, and the Kellogg Graduate School of Management in the United States.

Career 

Pre-politics

Peter Obi held positions as a merchant and dealer before entering politics. He was raised in a trading family and started his career as a trader before transitioning to the corporate world. He held executive positions in several private companies. A few of the companies he has worked with include Next International Nigeria Ltd, Chairman, and Director of Guardian Express Mortgage Bank Ltd, Guardian Express Bank Plc, Future View Securities Ltd, Paymaster Nigeria Ltd, Chams Nigeria Ltd, Data Corp Ltd, and Card Centre Ltd. He was the youngest chairman of Fidelity Bank Plc.

Politics

Peter Obi campaigned for governor of Anambra State in 2003 as a member of the All Progressives Grand Alliance (APGA), but Chris Ngige of the People’s Democratic Party was declared the victor by the Independent National Electoral Commission (INEC).

After almost three years of litigation, the Court of Appeal reversed Ngige’s victory on March 15, 2006. Obi took office as the state’s governor on March 17, 2006. After only seven months in office, the state house of assembly impeached him on November 2, 2006, and Virginia Etiaba, his deputy, who later became Nigeria’s first female governor, took over the following day. The Court of Appeal in Enugu reinstated Obi as governor on February  9, 2007, after he successfully challenged his impeachment.

On May 29, 2007, Obi left the government after Andy Uba won the general elections. Obi returned to court, arguing that the four-year term he had won in the 2003 elections had only just started to run when he took office in March 2006. On June 14, 2007, the Nigerian Supreme Court upheld Obi’s claim, leading to his reinstatement. The Supreme Court ruled on April 14, 2007, that Andy Uba’s election as Obi’s successor was illegal since Obi’s four-year term should have continued uninterrupted until March 2010.

The Independent National Electoral Commission (INEC) declared Peter Obi the victor of the 2010 Anambra State governor’s race after he defeated Professor Charles Chukwuma Soludo, a former governor of the Central Bank of Nigeria. As a result of this electoral victory, Governor Obi was re-elected to a fourth term as governor of Anambra State. Peter Obi’s second term as governor came to an end on March 17, 2014, and Willie Obiano took office. Following the 2015 general election, President Goodluck Jonathan appointed Peter Obi to lead the Nigerian Security and Exchange Commission (SEC).

Atiku Abubakar’s running mate for the Peoples Democratic Party’s presidential campaign in Nigeria was officially confirmed as Peter Obi on October 12, 2018. The second was his political party. On March 24, 2022, Peter Obi declared his intention to run for President of Nigeria on the platform of the Peoples Democratic Party.

Peter Obi sent a letter to the party’s leadership on May 24 announcing his resignation from the Peoples Democratic Party. According to the story, Obi dreaded being humiliated at the party’s presidential primary. Mr. Obi, who claimed to be being hunted by a gang, confirmed the report to the publication.

Personal life

Obi and Margaret Brownson Usen married in 1992 and have two children together. 

Awards & Prizes

YearAward / PrizesEvent / AwaderResult
2015Golden Jubilee AwardCatholic Diocese of OnitshaWon
2014Golden Merit AwardNigerian Library AssociationWon
2014Most Outstanding Igbo Man of the DecadeChampion NewspaperWon
2014Award for Outstanding Example in Leadership and GovernanceThe Voice NewspaperWon
2013Man of the YearSilverbirdWon
2012Man of the YearBusiness Hallmark NewspaperWon
2012Golden Award on PrudenceMethodist Church of NigeriaWon
2012Leadership and Good Governance AwardEzeife Leadership FoundationWon
2012Best Performing Governor on Immunization in South-East NigeriaBill & Melinda Gates FoundationWon
2011Zik Leadership PrizeZikWon
2010Governor of the YearWest Africa ICT Development AwardWon
2009Nigeria’s Most Trustworthy GovernorChampion NewspaperWon
2009Most Prudent Governor in NigeriaThisday NewspaperWon
2007Man of the YearSun NewspaperWon

Net Worth

Peter Obi is a successful businessman as well as a wealthy politician. Before entering politics, he worked in the corporate world for a while. He has an estimated net worth of about $10 million. 

Political Party

Peter Obi’s political party is Labour Party (LP) founded in 2002. LP party is headquartered. in No. 29 Okeagbe Street, Off Samuel Ladoke Akintola Boulevard, Garki II, Abuja.

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