Peter Obi at the Spier Dialogue 2026 in Cape Town, South Africa. Photo: Peter Obi on X
Peter Obi, a presidential aspirant on the platform of the Nigeria Democratic Congress, has contrasted the lending practices of British banks with what he described as Nigeria’s collateral-dependent banking system.
Obi made the remarks on Friday during the Spier Dialogue 2026 in Cape Town, South Africa, where he addressed members of the Nigerian community before his scheduled appearance at the pan-African governance forum.
“I lived in the UK, my brother. I did business in the UK. Very successful business. I went to the bank. I told them the schools I was from, Cambridge and Oxford, and they gave me money.
“They didn’t ask me about my parents. They gave me this loan based on my intellectual capital, and I paid them back,” he said.
