A chieftain of the African Democratic Congress, Dele Momodu, has revealed that former Vice President Atiku Abubakar allegedly paid ₦500 million for Wadata Plaza, the building currently serving as the national secretariat of the Peoples Democratic Party.
Momodu made the disclosure during an appearance on The Morayo Afolabi-Brown Show, where he spoke extensively on political financing, party structures and the contributions of influential politicians to Nigeria’s democratic process.
According to him, many political parties in the country survive largely through the financial support of a few committed individuals who invest heavily in sustaining administrative and operational activities.
“Atiku paid ₦500 million for Wadata Plaza, which we use as our national secretariat,” Momodu stated while reflecting on the financial sacrifices made by prominent political figures behind the scenes.
The media entrepreneur and politician noted that the public is often unaware of the level of personal investment some politicians make to keep party institutions functioning. He argued that debates around political funding are frequently shaped by rivalry and accusations rather than verified facts.
Momodu further explained that maintaining party infrastructure in Nigeria comes with enormous financial demands, stressing that democratic institutions often depend on individuals willing to commit their personal resources to support party operations.
He described Atiku’s role in party organization and funding as part of the former vice president’s long-standing involvement in national politics, adding that such contributions deserve acknowledgment in discussions about Nigeria’s democratic development.
The ADC chieftain also called for greater transparency and accountability in political financing, insisting that conversations surrounding corruption and party funding should be balanced and fact-based.
He concluded by emphasizing the need for Nigerians to recognize both public service and private contributions that help sustain political institutions and strengthen democracy in the country.
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