Jim Nwobodo has categorically denied media reports that he collected N500million from the Former National Chairman of the Peoples Democratic Party, Ahmadu Adamu Muazu. Mr. Nwobodo said he only received the sum of N100million from the PDP for “campaign logistics” not from Colonel(rtd.) Sambo Dasuki.
“I have never met Sambo Dasuki. I know Yuguda as former minister, that is all. What happened was that I was invited alongside 15 leaders of PDP in the South East to the residence of Ahmed Muazu to collect the money allocated to our zone by the PDP”.
“Three party leaders were selected from each of the five states of the South East. I was selected to lead a committee of 15 to collect the N100million, which was shared to each one of us for campaign logistics in our respective states”.
“I was surprised to hear that a report quoted me as saying I collected N500million from Muazu. This is sheer lie as I have never previously spoken to any journalist on this issue but today. So how come somebody concocted a figure and attributed it to me?
“It was PDP as party that shared the money for campaign not for our individual use,” he said.
In 2008, Jim Nwobodo headed an Action Committee on the South East to resolve factional struggles in the PDP in that area.
In June 2009 the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) restored the license of the Savannah Bank, in which Jim Nwobodo holds a major stake, in compliance with a February 2009 Appeal Court ruling in Abuja.
In April 1999, Jim Nwobodo was elected Senator for the Enugu East constituency of the Federal Republic of Nigeria on the PDP platform, taking office in May 1999. He was appointed Chairman of the Senate Committee on Internal Affairs.
In October 2002 there was a crisis when the Enugu State House of Assembly split into two factions, one of which wanted to impeach Abel Chukwu, the original speaker of the House, who was believed to be a loyalist to Governor Chimaroke Nnamani. Senator Jim Nwobodo moved the motion that the Federal House of Representatives should take over the affairs of the House. During the 1998/1999 gubernatorial elections in Enugu State, Nwobodo had supported Dr. Chimaroke Nnamani, who was elected. However, the two men fell out later.Jim Nwobodo played a leading role in the unsuccessful effort to stop the 2003 re-election of Nnamani.
Towards the end of his Senate term, he temporarily transferred to the United Nigeria People’s Party (UNPP), running as a Presidential Candidate in the 2003 General elections. His partner as vice-presidential candidate was Mohammed Goni, former governor of Borno State