Babangida warned Obasanjo against Atiku
Analysis based on 11 articles · First reported Aug 20, 2026 · Last updated Aug 20, 2026
This is a domestic political anecdote from Nigeria's Fourth Republic with no direct impact on financial markets. It may generate minor media attention but is unlikely to affect asset prices or investor sentiment.
Former Cross River State Governor Donald Duke recounted in a new book by Seun Oloketuyi, 'How to Win Elections in Nigeria', that former military head of state Ibrahim Babangida privately warned former President Olusegun Obasanjo against trusting his then deputy, Atiku Abubakar, during the political crisis preceding the 2003 presidential election. According to Duke, tensions between Obasanjo and Atiku escalated as Obasanjo sought a second term, leading to a meeting at the Presidential Villa in Abuja involving Babangida, former head of state Abubakar Malami, Obasanjo, and Atiku. Duke said Babangida, after the formal meeting, told Obasanjo privately, 'I warned you not to trust that your deputy,' and later declared, 'This one cannot rule Nigeria.' The account also references the long-running feud between Obasanjo and Atiku, including recent allegations by Obasanjo that Atiku funded an impeachment plot against him, which Atiku denies. The event is primarily a political memoir revelation with no direct market impact.
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