The faction recently asked the judge handing the party’s case to hands off.
Senator Obi spoke with newsmen in Abuja ahead of a joint press conference billed to be addressed by factional chairman, Senator Ali Modu Sheriff and Makarfi.
Obi, who was flanked by another PDP chieftain from Ali Modu Sheriff’s camp, Dr. Cairo Ojougboh, said both leaders have reconciled and would now set up a joint committee with the support of stakeholders.
He said: “We have decided to issue a joint statement. As we speak today, the PDP is back as one family.
“The two leaders will address you gentlemen of the press.
“They will constitute a joint committee with the support of all relevant organs of the party.”
Sheriff just over two weeks ago visited former President Olusegun Obasanjo ostensibly over the crisis in the PDP.