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 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

Fuel Hoarding and Governance Failure

Fuel Scarcity

The GON is getting very tough at the “tail end” of the oil sector by punishing retailers of petroleum fuel for “hoarding” like they have “weak oil bunkerers”. Meanwhile, the executive cabinet of GON is staffed by hoarders of billions of dollars’ (in cash and assets) of “oil wealth”. This is the latest showing of “no-nonsense anticorruption” at its most trifling in Nigeria. Yes, the landlord chasing rats in the living room while his house is fully on fire? This ‘catching the serpent by the tail’ solution is a dangerous staple approach adopted by the current GON. Continue reading

Do I Have to be “On the Ground” to Know Nigeria is Failing?

I am told I cannot understand the problems in Nigeria or the challenges facing President Goodluck Jonathan because I am not “on the ground”. Is the psyche of some Nigerians that backward? I do not have to be on the ground in China assess their enormous economic growth or Greece to evaluate their economic decline or Norway to verify their high levels of good governance or Sudan to prove their high levels of misgovernance. But when it comes to Nigeria I have to be firmly on the ground. Continue reading

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