Showing posts with label Abacha Loot. Show all posts
Showing posts with label Abacha Loot. Show all posts

Thursday, July 26, 2018

$322m Abacha Loot: Separating Politics From Economics

By Emmanuel Obe
A lot of Nigerians have expressed their anger (and rightly so) over the planned disbursement of the $322 million recovered from the loot of the late Gen. Sani Abacha to 302,000 poor households in Nigeria.
*Abacha 
As the argument of those opposed to the planned disbursement goes, it appears unreasonable to just take out money and share out to people that did not work for it.
For them it makes no economic sense when that money, amounting to about N115 billion, could be invested in tangible projects that will generate revenue for government, employment for the youth and goods for the household. Some of the opponents of the policy have even gone ahead to recommend psychiatric tests for the government officials that proposed the disbursement on the grounds that it looked rather insane to share out money in that fashion.

Thursday, July 5, 2018

Buhari, Abacha’s Loot And The Poor

By Paul Onomuakpokpo
As the administration of the President Muhammadu Buhari lurches into the twilight amid the fast-vanishing possibility of securing a second mandate, it flails in all directions in search of survival. It is striving currently to make the poor among us to accept as reality the illusion that it can ratchet up their fortunes in the remaining days.
*Gen Abacha 
It is an unrelieved illusion because since the administration has failed in three years to improve the lot of the people, it cannot in less than one year secure the acumen to accomplish this. Rather, the citizens should steel themselves for the prospect of their immiseration reaching its nadir in the remaining period of this administration. 

Friday, June 3, 2016

One Year After: Beyond The Blame Game

By Ayo Oyoze Baje  
Anyone still blaming the former President Goodluck Jonathan-led administration for all our current socio-economic woes, one year after leaving office, must be wallowing in self-deceit or simply living in fool’s paradise. Government is a continuum. Furthermore, when a leader takes over an institution, be it public or private, he inherits both the assets and liabilities. As he builds on the assets, he seeks ways to mitigate the pains inflicted on the people by the liabilities.
*Buhari 
One sweet victory leads to a new set of challenges. It is never a stroll in the park, nor a picnic in paradise. The top of the ladder, as the wise ones say, is not meant for dancing, or dithering to take decisive actions. Successful leaders find the reasons to succeed, not giving excuses for failure.
It would, therefore, do the spokespersons of our president a world of good to henceforth stop looking over the shoulder and laying all the blames of the failure of the Buhari-led government to frontally tackle and reverse the country’s dwindling economic fortunes, on the previous administration. Political campaigns, couched with sleazy slogans should have ended over a year ago. Now is the time for those who the electorate invested their trust and goodwill on to roll up their sleeves and get down to brass tasks.
After all, what is leadership all about? It is about having the vision to identify the led majority’s most pressing challenges and mustering the Capacity, the Character, the Courage and the Commitment to finding lasting solutions to them. It is about engendering team spirit; working with the best of hands and brain to deliver the so called ‘dividends of democracy’ to the good people of Nigeria. It is not about any individual, no matter how knowledgeable, to exhibit a philosopher-king mentality, pretending to know it all and foisting his views, sometimes puerile and out of sync with modern governance practices on his people.
Truth is, this administration needs all the assistance it could get. One of such is an economic think-tank, made of top technocrats who could read the next direction the global productive pendulum would swing and internalise it to proffer solutions to existing challenges. Such a group would have informed the president on the need to focus more energy, time and resources on revamping the tottering economy, soon after he took over the reins of governance. But one year after, there is no crystal clear direction where the ship of the economy is heading to.

Friday, December 11, 2015

Allegations Of “Illegal Diversion” Of Abacha Funds Baseless - Okonjo-Iweala

PRESS RELEASE

As part of the campaign of falsehood against former Minister of Finance, Dr Ngozi Okonjo-Iweala by Edo Governor, Adams Oshiomhole, and other powerful and corrupt interests, another baseless story has been published by some online media. 












*Ngozi Okonjo-Iweala 

To achieve their evil propaganda objective of tarnishing her name, these evil elements have distorted the contents of a memo dated January 20, 2015 in which the former Minister of Finance, Dr Ngozi Okonjo-Iweala responded to a request by the former National Security Adviser, Col Ibrahim Dasuki (retired), for funds to prosecute the terror war against Boko Haram. 

Here are the facts:

·         The central responsibility of the Minister of Finance IS to find sources of funding for the financing of approved national priorities such as security, job creation and infrastructure. 

·         It will be recalled that throughout 2014, there were public complaints by the military hierarchy to President Goodluck Jonathan about the inadequacy of funds to fight the anti-terror war in the North East, resulting in Boko Haram making gains and even taking territories.  A lot of the criticism was directed at the Federal Ministry of Finance under Dr Okonjo-Iweala which was accused of not doing enough to find funds for the operations.