Rais Obasanjo ajiuzulu

Former President Olusegun Obasanjo has resigned as chairman of the Board of Trustees of the Peoples Democratic Party.

In a statement he personally signed on Tuesday, Obasanjo said he had sent the letter of resignation to the chairman of the party.

“I have formally sent in my letter of resignation as the Chairman of BOT of PDP to the National Chairman of the party as prescribed in the party’s constitution. I have formally requested the President to allow my bowing out and to issue a short statement to that effect.

“By relieving myself of the responsibility for chairmanship of BOT of PDP, I will have a bit more time to devote to the international demand on me,” he said in the statement, the News Agency of Nigeria reports.

He further said this would give him time “to give some attention to mentoring across the board nationally and internationally in those areas that I have acquired some experience, expertise and in which I have something to share.”

Obasanjo said his exit would afford him more time to develop “my presidential library and mobilise and encourage investment in Nigeria and Africa.”