Obanikoro has said he will dump PDP if Ali Modu Sheriff wins at the Supreme Court but he denies joining APC as widely reported.
"One thing that is certain is that if Sheriff wins at the Supreme Court, you will not find people like me in the party again. That is certain. Let us not also forget that all politics is local," Obanikoro said.
Continuing, the former Senator said: "Without mincing words, anybody can accuse me of anything.I am pleased with what Governor Akinwumi Ambode is doing in Lagos. If at the end of the day, I have to choose between a progressive like him or continue with a PDP being controlled by Sheriff, I would rather opt for the former."
On the reports that he has dumped the party for the ruling party, APC following his reunion with the national leader of the APC, Asiwaju Bola Ahmed Tinubu, Obanikoro says he won't defect without a grandeur welcome.
In his words: "Let me categorically tell you that the report that I have defected to the APC is a rumour and it is still a rumour. If a personality like me will leave the Peoples Democratic Party to join another party, it will be done in a grand way. I would call a press conference and tell the whole world that I am moving (to another party). I will also explain the reasons for my defection.
"It will not be like the judgment given to the ABN (Association for Better Nigeria) which was delivered at night (9pm). If I want to defect, it will be done publicly with fanfare. I have no reason to make it a secret. Nigerians, especially the media, should just wait and relax for the appropriate time for me to declare my next political move.
"As someone who has always been proactive, it behoves on me to start assessing the situation with a view to making a justifiable political decision that would be in my interest and in the interest of those who are looking up to me for the right direction to follow.
"The essence of all these is service to people. A situation whereby a group of people, who are not prepared for governance or ready to offer anything to the society are controlling a big party like the PDP, one should review his participation in such a party. I can tell you without mincing words that I am at that stage now. I am reviewing and assessing the options before me," he said.
Obanikoro recently resolved his issues with Tinubu and there have been rumours that he was planning to defect to APC.
Weeks back, Ekiti State governor, Ayodele Fayose had also announced his decision to dump the party should Ali Modu Sheriff win at the Supreme Court.