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BREAKING: Peter Obi sues kinsman, Kenneth Okonkwo 

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Peter Obi, presidential candidate of the Nigerian Democratic Congress and former governor of Anambra State, has dragged his former loyalist and kinsman, Kenneth Okonkwo, to court. 

A suit made by Peter Obi’s legal counsel dated June 9, 2026, and signed by Chief Alex Ejesieme, SAN, of Alex Ejesieme (SAN) & Co. (Madiba Chambers) described Okonkwo’s allegations as fabricated and damaging. 

Recall that the Nollywood actor-turned-lawyer-and-politician, Okonkwo had alleged that Peter Obi and others had collected a bribe of N10 million from House of Representatives aspirants. 

However, Peter’s legal team said the claim is false. 

According to the legal document, Okonkwo stated in substance and effect:

“(a) That our client, Mr. Peter Obi, together with the leaders of the Nigeria Democratic Congress (NDC) in the South-East, informed the party’s aspirants that any person seeking to contest as a member of the House of Representatives must, after paying the prescribed expression of interest fee, pay a bribe of ten million naira (N10,000,000.00) to the NDC and to the caucus leaders;”

The document further outlines additional claims made by Okonkwo during the broadcast, noting his assertions:

“(b) that the said unlawful demand was accompanied by documentary proof; the person who relayed the information to you having sent the said information together with the receipt evidencing the payment;

(c) that our Client personally wrote and compiled the list of the party’s candidates from his hotel room at the Johnwood Hotel;

(d) that you warned the said aspirants that our Client is going to scam them;

(e) that our Client travels abroad to collect money from people; and

(f) that our Client and the leaders of the NDC in the South-East are perpetuating criminality.”

Rejecting the assertions, Obi’s legal team emphasized that the remarks directly target their client’s character, integrity, and public standing.

The chambers stated:

“The above statements, in their natural and ordinary meaning and by necessary implication, falsely and maliciously represent our client as a person who demands, solicits, organizes, and collects bribes; who extorts, defrauds, and swindles political aspirants of their money; who is a fraudster, a scammer, and a dishonest political actor; and who, in concert with others, is engaged in criminal conspiracy and is actively perpetuating criminality. These are extremely grave, damaging, and reckless imputations of bribery, extortion, fraud, financial dishonesty, and criminality directed at the character, integrity, reputation, and public standing of our Client.”

The letter goes on to describe the public nature of the statements as particularly troubling due to their rapid amplification across digital channels.

“For the avoidance of doubt, our Client states categorically that the said allegations are false, baseless, malicious, reckless, defamatory, and wholly unsupported by any fact. They were made with the clear intent and purpose of lowering our client in the estimation of right-thinking members of society, exposing him to hatred, contempt, and ridicule, and injuring his hard-earned reputation as a man of unquestionable integrity, a statesman, and a political leader. It is particularly disturbing that the said statements were made by you on live television and were thereafter republished, broadcast, and widely circulated through online and social media platforms, including video-sharing platforms, where such falsehoods spread rapidly and assume a life of their own. Your words were not mere political commentary. They crossed the permissible bounds of fair comment and constituted a direct assault on our Client’s person, integrity, image, and reputation.”

The law firm said that the right to freedom of expression does not permit the reckless destruction of another person’s reputation.

The firm’s listed demands require Okonkwo to immediately withdraw the defamatory statements in their entirety and publish a clear, unequivocal, and unreserved public apology to Peter Obi.

“This withdrawal and apology must be given equal prominence to the original broadcast and shared across all his social media platforms, including X (formerly Twitter), Instagram, Facebook, and YouTube.

Additionally, the legal team demanded a written undertaking that he will cease making or publishing further defamatory statements against their client, alongside a financial compensation package,” his legal team stated. 

Recall that in the past days Okonkwo had launched accusations at Peter Obi after dumping the African Democratic Congress. 

Okonkwo has not hidden his support for the presidential aspiration of Atiku Abubakar, former vice president, who emerged as the flagbearer of ADC ahead of the the 2027 general election. 

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Momentum Builds for Historic Grassroots Sports Summit as SSA Adeboye Hosts Successful Abuja Press Conference

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The countdown to the National Grassroots Sports Development Summit 2026 gathered fresh momentum on Thursday as the Senior Special Assistant to the President on Grassroots Sports Development, Hon. Adeyinka Anthony Adeboye, hosted a well-attended and successful press conference at the VIP Lounge, National Stadium, Abuja.

The event attracted sports administrators, government officials, representatives of key institutions, journalists and other stakeholders, demonstrating growing interest in the forthcoming national summit.

Read Also: “President Tinubu Is Restoring Confidence in Nigerian Sports” — SSA Adeboye Hails Fulfilment of Super Falcons’ Reward Promise

Among the distinguished personalities present were Comrade Philip Shaibu, Director-General, National Institute for Sports (NIS); Mr. Kumbi Titiloye, Chairman, Kwara United Football Club; and Ms. Seun Ojo, Head, Public Affairs & Public Policy, Nigerian Economic Summit Group (NESG).

Also in attendance were Barr. Musa Ahmadu, Dr. Ademola Are, Chairman, Accommodation and Logistics Sub-Committee; and Dr. (Mrs.) Kehinde Ajayi, Chairperson, Media Sub-Committee, alongside other members of the organising committee and summit sub-committees.

Addressing the gathering, Adeboye emphasised that the summit represents a major opportunity to redefine Nigeria’s approach to grassroots sports development through sustainable structures for talent discovery, participation and advancement.

He stressed that Nigeria possesses enormous sporting talent, but that many promising youngsters remain undiscovered because of inadequate facilities, limited opportunities and the absence of structured development pathways.

“Somewhere in Nigeria today, a future world champion is waiting to be discovered. Our responsibility is to ensure that such a child is not denied the opportunity to succeed simply because of where they were born or their family’s financial circumstances,” he declared.

The Presidential aide commended President Bola Ahmed Tinubu’s commitment to repositioning Nigerian sports, stressing that the recognition of sporting excellence must be complemented by deliberate investment in young talents across Nigeria’s 774 local government areas.

He explained that the summit would bring together government institutions, sports federations, private investors, development partners and other stakeholders to develop an actionable national roadmap.

The participation of Ms. Seun Ojo, representing the Nigerian Economic Summit Group, further underscored the important role of NESG as the summit’s technical partner in shaping discussions around policy, investment and sustainable sports development.

The press conference also featured contributions from members of the Main Organising Committee and an interactive session with journalists on the summit’s objectives and expected outcomes.

Scheduled for November 18–19, 2026, at the Banquet Hall, State House, Presidential Villa, Abuja, the summit, themed “Creating a New Pathway for Sustainable Grassroots Sports Development,” will focus on five strategic pillars: Participation, Talent Development, Infrastructure, Sports Economy and International Pathways.

Adeboye thanked the dignitaries, stakeholders and media representatives for their support, reaffirming his determination to ensure that the summit delivers practical outcomes capable of transforming grassroots sports development in Nigeria.

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FG Backs Risk-Based Capital, Urges Insurance Directors to Move Beyond Passive Compliance

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BY NKECHI NAECHE-ESEZOBOR—The Federal Government has thrown its weight behind risk-based capital in the insurance industry and urged insurance company boards to move from passive regulatory compliance to active oversight.

The government made its position known through the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, at the 2026 Insurance Directors’ Conference, themed “Recapitalisation to Resilience: Leading the Risk-Based Capital Era.” The conference was organised by the College of Insurance and Financial Management (CIFM).

The minister, who was represented by Dr. Greg Ugochukwu Ezeilo, Special Adviser on Fiscal Risk Management and Sustainability, said a resilient insurance industry is indispensable to the country’s economic transformation.

He described insurance as more than a mechanism for compensating losses, calling it an instrument for mobilising long-term capital, enabling productive investment and protecting livelihoods. He said the economy needs an insurance sector able to underwrite emerging risks, support infrastructure financing and strengthen agricultural productivity.

On the transition to risk-based capital, he said insurers must align their capital with the nature, scale and complexity of the risks they take on. He also called for a more forward-looking approach to governance, investment decisions, underwriting practices and enterprise risk management.

“Capital without governance is vulnerable,” he said. He added that governance without accountability is ineffective, and that insurance without public confidence cannot fulfil its economic value.

According to him, the transition places heightened responsibility on insurance company boards. He said directors must move beyond passive regulatory compliance to active oversight and ensure that risk appetite, capital allocation, corporate strategy and institutional capacity are consistently aligned.

He set out five priorities for the industry. The first is strong governance, with visible leadership at the top, independent oversight and transparency, noting that public confidence remains the industry’s most valuable capital. The second is wider access, with affordable, accessible and relevant products for households, small businesses, farmers and underserved communities, so that insurance becomes an everyday instrument of economic security rather than a privilege of a limited market segment.

The third is directing the industry’s long-term funds, under prudent investment frameworks, towards productive investment, infrastructure financing and sustainable economic growth. The fourth is technology and innovation, including big data analytics, machine learning, artificial intelligence and innovative underwriting models, supported by robust cyber security, consumer protection and operational safeguards. The fifth is building capacity to handle emerging risks such as climate-related disruptions, cyber threats, changing demographics and increasingly interconnected financial markets.

He said the Federal Government remains committed to a stable, competitive and inclusive financial ecosystem in which insurance contributes meaningfully to national economic development. He recognised the National Insurance Commission’s role in strengthening regulatory standards, protecting policyholders and guiding the industry through the transition.

He said sustainable reform requires collaboration among regulators, operators, investors and government, and urged stakeholders to see the transition not simply as a regulatory exercise but as an opportunity for strategic transformation.

The ultimate measure of success, he said, is how effectively the industry helps Nigerians absorb shocks, builds confidence and finds progress.

The post FG Backs Risk-Based Capital, Urges Insurance Directors to Move Beyond Passive Compliance appeared first on Business Today NG.

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