Aso Rock Suspensions and the Game of WHOT

When the suspensions of the Secretary to the Federal Government, Babachir David Lawal, and the Director-General of the Nigerian Intelligence Agency, Ayodele Oke, by the Presidency were announced yesterday, many enthusiastically hoped it was the beginning of the serious disciplinary approach to dealing with malfeasance and nonfeasance in the Nigerian government. Others may say, too little too late, but it can doubtlessly be built upon. The Big Thieves in government and outside it, will not be sleeping now, but orchestrating watertight schemes that will prevent their heads from rolling. Power is sweet especially when stolen funds pay for it. There lies the dilemma the enables corruption to fight back decisively; the money that hooks in the throat. It is always a mistake to appoint many highly corrupt individuals to government. Continue reading

No Foreign Investment for Nigerian Electricity

neps2

Many Nigerians hopefully think that one day, the nation will attract enough foreign direct investment (FDI) to enable the develop development of electricity in the country. The hope is FDI will thoroughly refurbish, upgrade or expand the generation, transmission and distribution capacities of the [now] privatised Nigerian Electric Power Sector (NEPS) to provide customers with “constant electricity” supplies. Please think again! Foreign investors are not coming into Nigeria with $20 billion (at least) to revamp electricity in the country. Nigeria is in no shape to attract foreign investment, and it is unlikely it would have if things were going well. Does Grand Minister, Babs Fashola, disagree? The attraction of FDI is solely based on the assurance that if invested, it will yield ‘good secure’ profits for the investors. What other incentives are there for foreign investors to invest in Nigeria?

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Buhari Has Panama-Proofed Nigeria’s Corruption

If you were to personally ask President Muhammadu Buhari what the most successful thing a person could achieve in Nigeria was and he is candid with you, he will tell you to seize power (through coup d’ états or general elections) or amass riches (through grand corruption). Power and wealth for their sake will always breed corruption, and that is mainly why the president himself is not exempt. We all know that, but some emphatically deny it. The Panama Papers scandal involving tax evasion and money laundering cases in off-shore havens shook many international heavyweights in the civilised world but not Nigeria. Buhari’s administration has rendered big thieving Nigerian politicians and quasi-businessmen completely “Panama-proof”.

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Anticorruption in Nigeria Should Be About Better Social Organisation

Buhari v Cameron

This article starts and concludes with the following sentence. “Governance and corruption are essentially about social organisation on a scale that ranges from very good governance to very bad governance.” Very good governance regarding government and organisations does not necessarily suggest the absence of corruption but very bad governance is typically characterised by serious corruption. It is important to focus on the definitions, approaches, perspectives and logics of corruption as long as they are appropriate. However, it is unfortunate when the purpose of managing corruption with anticorruption is often forgotten; the improvement of social organisation or maintaining high standards of enforcement. Social organisation at its root is the ‘collective action’ of two or more people. As the numbers of people organised increase so do the complexity of its management. Continue reading

Corrupt Manhood: Another Way Nigeria’s Wealth is Squandered

Nigeria Currency

 

It is amazing how much Nigeria’s corrupt officials and their clients spend on sex and women. Girls, ladies and new wives who are fortunate enough to be “attached” to corrupt officials and their clients are showered with luxury cars, foreign holiday trips, cushy rented apartments, new-build homes, land acquisition, school fees, obscenely generous stipends, and so forth and so on. This may appear a “normal” action of the rich and affluent until one starts to calculate the amount of Nigeria’s stolen wealth that is spent on sex and illicit sexual relations.

Research nearing conclusion robustly estimates the amount of Nigeria’s stolen wealth spent on sex and related matters at between 5 -10% (i.e. N50 million – 100 million per N1 billion) for the big level thieves; 8-15% (N80 million – 150 million per N1billion) for moderate level thieves; and 11-50% (N110 million – 500 million per N 1 billion) for modest level thieves. (These amounts largely exclude the costs of hotels, travel, communications, abortions, children bearing / upbringing, treating STDs etc.). Big thieves number around 2 thousand, moderate thieves around 20 – 40 thousand and modest thieves around 200 – 400 thousand. Petty thieves do not count. As the size of the theft increases less is spent proportionally on ‘sexualitze’. Continue reading

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