Obasanjo denies deceiving AD in 2003
Analysis based on 20 articles · First reported Jul 23, 2026 · Last updated Jul 24, 2026
This political dispute is unlikely to have significant market impact as it involves historical events from over two decades ago. However, it may slightly affect perceptions of political stability in Nigeria among investors focused on governance.
Former Nigerian President Olusegun Obasanjo has strongly refuted allegations by former Nigeria — Ogun State Governor Olusegun Osoba that he deceived leaders of the Alliance for Democracy (AD) ahead of the 2003 general elections. In a detailed letter dated July 23, 2026, Obasanjo described Osoba's account as inaccurate and insisted he always acted transparently. He defended his decision to form a national government with the AD after the 1999 elections, denied manipulating the 2003 election results, and alleged that then-Vice President Atiku Abubakar plotted his impeachment. Obasanjo also acknowledged Osoba's role in allocating land for the Olusegun Obasanjo Presidential Library.
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