Chief M. K. O. Abiola's memory is celebrated in Nigeria and internationally. Since his death, the Lagos State Government declares 12 June as a public holiday. In 2018, other states including Ogun, Oyo and Osun, announced 12 June as a public holiday to celebrate the 25th anniversary of the annulled 1993 presidential election. 12 June remains a public holiday in Nigeria beginning 12 June 2019, it will be celebrated as democracy day, replacing 29 May. Remembrance events are arranged across Nigeria.
MKO Abiola Stadium and
Moshood Abiola Polytechnic were named in his honour, and there were calls for posthumous presidential recognition. A statue,
MKO Abiola Statue, was erected in his honour. Abiola was criticised by political activists and detractors. Controversy was caused by a song by Nigerian musician,
Fela Kuti, a charismatic multi-instrumentalist musician, composer and human rights activist, famed for being the pioneer of
Afrobeat music and a controversial figure due to his unusual lifestyle and apparent drug use. It is believed that Kuti had entered into an acrimonious dispute relating to a contract with M. K. O. Abiola's record label. Kuti used the abbreviation of
International Telephone & Telegraph (IT&T) in a song criticising big multinational corporations. The song, "I.T.T. (International Thief-Thief)", accuses such companies of draining Africa's resources and says "they start to steal money Like Obasanjo and Abiola". On 29 May 2012, former president
Goodluck Jonathan announced that in memory of Abiola the famous
University of Lagos would be renamed as Moshood Abiola University of Lagos (MAULAG). This received a negative reaction by both students, alumni and members of public, resulting in an abrupt reversal.
12 June declared Democracy Day On 6 June 2018,
Muhammadu Buhari, President of Nigeria declared 12 June as the new date for the celebration of
Democracy Day. Nigeria's Democracy Day was formally celebrated every 29 May, the day in 1999 that former military Head of State,
Abdulsalami Abubakar, handed over power to an elected president,
Olusegun Obasanjo of the
People's Democratic Party (PDP) and the date when, for the second time in the history of Nigeria, an elected civilian administration took over from a military government. On 6 June 2018, Muhammadu Buhari in a public statement changed the Democracy Day to 12 June, in honour of the 12 June 1993 presidential election and its winner, Moshood Abiola, who died in prison. Buhari's statement partly read: "For the past 18 years, Nigerians have been celebrating May 29, as Democracy Day. That was the date when, for the second time in our history, an elected civilian administration took over from a military government. The first time this happened was on October 21, 1979. But in the view of Nigerians, as shared by this administration, June 12, 1993 was far more symbolic of democracy in the Nigerian context than May 29 or even the October 1. June 12, 1993 was the day when Nigerians in millions expressed their democratic will in what was undisputedly the freeest, fairest and most peaceful elections since our independence. The fact that the outcome of that election was not upheld by the then military government doesn't distract from the democratic credential of that process. Accordingly, after due consultation, the Federal Government has decided, henceforth, June 12 will be celebrated as Democracy Day. Therefore, the government has decided to award posthumously the highest honour of the land GCFR, to the late Chief M.K.O. Abiola, the presumed winner of the June 12, 1993 cancelled election". On 11 June 2019, Muhammadu Buhari assented to a Bill amending 29 May previously set aside as a public holiday for the celebration. The public holiday amendment Act was passed by the National Assembly of Nigeria following a Bill introduced and sponsored by
Kayode Oladele, human rights lawyer and Member of the House of Representatives (Eighth Assembly) representing Yewa North/Imeko-Afon Federal Constituency of Ogun State.
Babangida admits regret Speaking during the release of his biography in February 2025, Babangida finally expressed regret for cancelling the 1993 elections, declaring that the elections had been free and fair, and that MKO Abiola indeed won. "Undoubtedly credible, free and fair elections were held on 12 June 1993....However, the tragic irony of history remains that the administration that devised a near-perfect electoral system and conducted those near-perfect elections could not complete the process. ...That accident of history is most regrettable. The nation is entitled to expect my expression of regret." == Awards and honours ==