By Chioma Obinagwam
Nigerians have frowned at the demolition of the property belonging to the brother of the Presidential Aspirant of the Labour Party (LP), Peter Obi.
Confiance News gathered from a post made by Obi on his official X handle on Wednesday.
He said: “Peter Obi said: “Any society where lawlessness overrides the rule of law is not destined to be a haven for investors. Recent reports showing that Nigeria’s human rights indicators have worsened merely highlight severe shortfalls in government protection for civil liberties, personal security, and basic living standards.
“I know what I have been going through as a person in abuse of my human rights just because I contested a Presidential election which I have legitimate rights to do. So I imagine what small business owners, regular citizens, and vulnerable communities face every day. If this level of lawlessness can happen to someone with a registered company and legitimate means, what hope does the ordinary Nigerian have?
“This morning, my youngest brother called me frantically, informing me that a group of people had invaded his company property in Ikeja, Lagos, and were demolishing the building. He had just come in from Port Harcourt and was denied entry to the property by security men who told him the building was being pulled down. They even informed him that this demolition had started over the weekend. As a peace-loving Nigerian, he quickly started processing to go to court immediately, not knowing what must have resulted in this, as they moved fast to destroy his home without any restraint.”
Reacting to his post, an X user identified as Dr. Bankole A. said:”I have held back on investing in Nigeria because of the high level of lawlessness! I know a lot of Nigerians in diaspora who have lost confidence in investing in Nigeria.”
“Why will we invest in an unstable environment where bullies rule? Where someone can wake up and decide to demolish your business and get away with it?Now if we Nigerians shun investing in our own country, would we advise any foreign investor to do so? Nigeria under APC is preventing a lot of FDI because of this lawlessness!” he continued.
Confiance News reports that Nigeria’s FDI in 2024 showed a significant increase, reaching $2.60 billion in second quarter (Q2) compared to $1.03 billion in Q2 2023, a 152.81% rise. However, according to mined from the Nigerian Bureau of Statistics (NBS), FDI dropped to $29.83 million in Q2 2024 from $119.18 million in first quarter (Q1), reflecting ongoing challenges like regulatory and economic instability.
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