Peter Obi says weakening judicial independence could erode public trust and deter investment in Nigeria.
Presidential Candidate of Nigeria Democratic Congress (NDC), Mr. Peter Obi, has criticised the Federal High Court judgement ordering the deregistration of some political parties.
Obi warned that actions perceived to weaken the independence of key national institutions could undermine public confidence in the country’s democratic and legal systems.
Obi, in a statement by his media office, said strong nations were built on institutions that operated independently and commanded public trust. He stressed that political considerations should not be allowed to overshadow the sanctity of democratic structures.
Obi stated that the development could further diminish citizens’ confidence in the judiciary and the rule of law.
According to him, the strength of any economy depends largely on the credibility of its institutions, particularly the judiciary, which provides assurance to investors and businesses.
He recalled concerns he expressed during the controversy surrounding the removal of former Chief Justice of Nigeria, Justice Walter Onnoghen, stating that the long-term effect of actions affecting the perceived independence of institutions often extends beyond immediate political considerations.
Obi stated that investors were generally able to navigate security, policy, and market risks, stressing, however, that they become wary when there is uncertainty about the rule of law or when judicial institutions are perceived as susceptible to political influence.
Obi said, “Strong economies are built on trust. Investors can manage security risks, policy risks and even market risks. What they fear most is uncertainty in the rule of law and a judiciary that is perceived to be vulnerable to political pressure.”
