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 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 prevents 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.
Many Nigerians optimistically think that one day, the nation will attract enough foreign direct investment (FDI) to enable it thoroughly refurbish, upgrade or expand the generation, transmission and distribution capacities of the [now] privatised Nigerian Electric Power Sector (NEPS) in order 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? Continue reading
If you were to personally ask President Muhammadu Buhari what the most successful thing a person could achieve in Nigeria was and he is totally honest with you, he will tell you it is either to seize power (through coup d’états or general elections) or amass riches (through grand corruption). Power and riches for their sake will always breed corruption and that is particularly why the president himself is not exempt. We all know that but some simply 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”. Continue reading
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 with reference government and organisations does not necessarily suggest the absence of corruption but very bad governance is typically characterised by serious corruption. It is good 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 levels of it. Social organisation is the ‘collective action’ of two or more people. Continue reading
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. Continue reading