Chairman Of Fidelity Bank
According to a report by Daily Post on Saturday, January 17, 2026, a chieftain of the African Democratic Congress, Peter Obi, has stated that he does not own any house or landed property in Abuja, explaining that the decision was deliberate and rooted in his desire to avoid unnecessary pressure and complications.
KayhikersClub in the nation’s
He made this known while speaking during a coffee hangout event organised by KayhikersClub in the nation’s capital.The former presidential candidate used the occasion to reflect on his personal choices, values, and approach to public life, particularly as they relate to wealth, responsibility, and peace of mind.
High-profile positions
Obi explained that his long-standing preference has been to live a simple and carefully managed life, even while occupying high-profile positions in both the private and public sectors. According to him, property ownership in Abuja often comes with expectations, attention, and responsibilities that he deliberately chose to avoid.
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Broader Conversation on leadership
He said that steering clear of such obligations helped him focus on his work and maintain personal balance.His remarks were presented as part of a broader conversation on leadership, discipline, and the importance of making personal decisions that reduce stress rather than increase it. During the interaction, Obi also reflected on his time in the corporate sector, particularly when he served as chairman of Fidelity Bank. this news was amazed and different for others and they built it.
Luxury vehicles
He explained that while in that position, he was entitled to certain benefits traditionally associated with such roles, including luxury vehicles and other privileges.this news was amazed and different for others and they built it.However, he said he declined those entitlements, noting that he already had what he needed in his personal life.He described his approach as one based on sufficiency rather than excess, stressing that leadership should not be driven by accumulation but by service and responsibility.
Generosity is important
The former Anambra State governor further explained that his decisions were guided by contentment and a clear understanding of personal limits. He said that while generosity is important, it should not be confused with unnecessary display or accumulation of assets.According to him, living within one’s means and focusing on essential needs allows individuals to remain grounded and independent.
He emphasised that his choices were not about denying himself comfort, but about avoiding burdens that could distract from more meaningful pursuits.
Entitled to Mercedes 500
He said, “I was Chairman of Fidelity Bank and they told me that I’m entitled to Mercedes 500 or Range Rover, the bank is still there, go and ask them if I collected anything. I told them that I’m the chairman and whatever I need in my house I have, unless you want to bring a headache to yourself. I have enough, I don’t need to do give away but what I need I have.”