Frustrated Governor Ibikunle Amosun of Ogun State has vowed not to take things easy with members of the National Assembly from his state planning to thwart his ambition for a second term in office henceforth.
In a letter, titled Pulling down the House to Protect a Corner: A Note of Caution dated 18th January 2014, and addressed to the legislators and copied top party members of the All progressives Congress (APC), the governor said he would bring his official powers against the lawmakers for their disrespect.
There has been a lingering crisis of supremacy between the governor and former Governor Olusegun Osoba, who is also a party leader in the state. The political battle between the two is fast polarising the party structure, with many, including the legislators, supporting Osoba.
Huhuonline.com learnt that the trouble first began when, in a bid to take over full control of the state, Amosun upstaged Osoba in political appointments and offices. Osoba no longer has even a councillor, as all his nominees were discarded by the governor.
In the heat of the crisis, the legislators converged last week and passed a vote of no confidence on Amosun, declaring that they would not support his second term ambition, a declaration that infuriated the governor, who defected into the party from the All Nigeria People Party (ANPP).In the letter warning the lawmakers, Amosun accused them of planning to render the state ungovernable for him, saying he would do everything to protect the mandate given to him by the people of the state. He revealed that he had briefed all security agencies in the state to be more vigilant and prevent any breach of peace in the state, and therefore warned the lawmakers to tread softly within the ambit of the law or face the consequences.
“It is with considerable hesitation that I write this letter to you, especially a few minutes after I called and spoke with you on the phone over the crisis arising from your programme in Ewekoro Local Government Area on Thursday, 16th January 2014”, Amosun wrote.
“However, after a thorough consideration of information obtained on the same issue prior to and subsequent to the telephone conversation with you from some mutual friends, security agencies and state officials, some of whom you had also spoken with on the same issue, I decided to reduce my thoughts to writing in order to put the issues in clear perspective and also for record purposes. It has even become more imperative to write because I have since realised that the positions and approaches you espouse in discussions with me are always at great variance with your true disposition on the same issues, both in words and actions, while with other people.
“Your different and inconsistent narratives around the event have now confirmed to me that what happened in Ewekoro was indeed part of a premeditated, choreographed and coordinated but needless crisis in our great party, All Progressives Congress (APC), in Ogun State with the National Assembly members elected on the platform of the party as the major agents provocateur, working in concert with other elements within and outside the party. By the benevolence of God and the support of the good People of Ogun Central, I was elected a Senator in 2003 and will continue to hold in the very high esteem the institution of the Senate, in particular, and the National Assembly of the Federal Republic of Nigeria in general.
“This letter is directed to you as the contact point for your colleagues from Ogun State in the National Assembly because you are the one currently occupying the same seat in the Senate that I occupied a decade ago. It is regrettable that despite all my efforts to warm up to you and your colleagues since your nomination as party candidates and up till now, it is obvious that your group has always had scant regard for me and my office because you believe that I played no role in your emergence as party candidates and subsequent elections in 2011 and will play no role in your re-election. This explains why you continue to rebuff all my initiatives to make us work together as a team in the overall interest of our party and the good People of Ogun State. Nonetheless, I remain undeterred in the search for unity. You are therefore at liberty to share the content of this letter with your colleagues”.
Itemising all the issues for discussion, he wrote:
“1. My Understanding of the issues. In the last few months, I have received security reports and information from credible sources, including party faithful, leaders, mutual friends and utterances directly emanating from your group, indicating that you and your colleagues were planning to precipitate a crisis in our party in pursuit of your personal agenda.
“I dismissed the reports with a wave of hands in the knowledge that no member of the party, much more so members of the National Assembly, would do anything that will impact negatively on our administration’s mission to rebuild our dear state. Besides, I thought the formation of the All Progressives Congress (APC) from the merger of the legacy parties, including the Action Congress of Nigeria (ACN) on which platform we were all elected into various offices, would address outstanding integration challenges. It is my belief that the new platform, the APC, offers an opportunity of a fresh beginning.
“However, the unfortunate events of the last few weeks, with their intensity and frequency, have lent credence to reports and information I earlier disregarded. Two instances will suffice here. The violence that accompanied the botched attempt by your group on Thursday 9th January 2014 to foist a handpicked so called “Harmonisation Committee” on the party in the state now seems to be the opening glee in a well-scripted series. For the avoidance of doubt, the “Harmonisation Committee”, even if properly constituted, clearly has no role in the forthcoming party membership registration exercise.
“The second incident was the event of Thursday, 16th January 2014 in Ewekoro Local Government Area, organised by you to purportedly sensitise party members in Ogun Central Senatorial District on the forthcoming party registration exercise but ostensibly a manifestation of another scene in the series. It is curious that a day in which the interim National Chairman of our party, Chief Bisi Akande, was being honoured in Lagos was the day you chose to hold your sensitisation event. I was at the ceremony with members of the State Executive Council, Speaker, other members of the State Assembly and Chairmen of our Local Government Areas, including that of Ewekoro. These two events are just exactly one week apart and in between there were other activities by your group all aimed at achieving the desired objectives. I understand that these actions and incidents, that are part of a larger plot that will be highlighted below, are designed to achieve two primary objectives:
“The first objective is the quest of your group to control the structure of our party in the state, commencing with the hijack of the party membership registration exercise, hence the attempt to foist a “Harmonisation Committee” on the party in the State. The second objective is the desire of all the National Assembly members from our state and some members of the House of Assembly to secure automatic second-term tickets for the general elections in 2015, without regard to the opinions of the generality of members of our great party in Ogun State.
In order to get the support of the unwary, these personal agenda of the very few have been couched and packaged as altruistic party issues and deliberately orchestrated to attract national attention.“2. The plot against the state. The plot to achieve the narrow objectives of your group has many elements that I initially considered to be unlikely and far-fetched. However, your recent actions and utterances have all the trappings of these elements with the precision and approach foretold. Let me highlight some of these elements that will certainly not be strange to you: instigation of pockets of violence to create a sense of disunity in our party and insecurity in the state as a whole. This approach will include deliberately perpetrating arsons and symbolic harms on the property and persons of some members of your group and then blame the actions on me and our administration.
“Demonisation of my person and our administration through a well-oiled smear campaign in the media that will evoke the ugly memory of the immediate past. Already, some of your supporters, especially allies in the State Assembly, have been instigated to start circulating text messages alleging threats to their lives. Distraction of the attention of the Government from governance so that the programmes and projects that have endeared the Administration to the good People of Ogun State will be stalled. The intended consequence is to reduce the popularity of the government with the populace. Blackmailing me and the National Leadership of our party to undermine the integrity of the party leadership to intervene as impartial umpires, should the need arise. Generally making the state ungovernable, including precipitating crisis in the State House of Assembly through a plan to forcefully change the leadership and continuous disruption of legislative proceedings.
“A further orchestration of the ‘crises’ aimed at creating a window for your group to move motions in the two chambers of the National Assembly designed to embarrass the State Government. Disruption of the impending party membership registration exercise, knowing full well that the exercise may expose the shallow followership of your group across the state. Even this noble exercise that is expected to develop our great party will also not be spared of the smear campaign to discredit the process. Joining forces with the opposition, who are known ‘Masters of Violence’ in an unholy alliance to help re-enact the immediate inglorious past.
“The overall thrust is to force a negotiation to secure an undeserved advantage that could not be otherwise achieved through the internal party democracy. What is more disturbing is that in this venture, no tool is considered too crude to use, no weapon too unconventional to deploy, and no approach too demeaning to adopt. I learnt that you and your colleagues have indeed been boasting that the nationwide destruction of our great party, the APC, will be kick-started from Ogun State.
“3. The Implications for the State and our Party (APC). It is important to always remember where our state was, before the inception of our administration on 29th May 2011 so that your ambitions to control the party and secure your second term in office at all costs do not becloud your sense of judgement. The implications of your actions are grave and are far greater for our State and the party, than for me as the Governor or our administration. Whatever offices we hold now, many have done so before us and many will still do after. Therefore, the larger interest of our state must take overriding position at all times. Power is transient and all of us will be accountable to the people, posterity and God Almighty”.
He noted that the implications of these actions include rollback of the achievements attained by the party and his administration in the onerous task of rebuilding Ogun State, particularly the widely acknowledged peace and security that pervade the state. He added that the state has received many national and international honours and awards in this regard, including the recent one — the Most Secure State in Nigeria (2013) — by CLEEN Foundation, a foremost Non-Governmental Organisation with focus on security in the country.
“Some of the achievements, such as increase in the state’s Internally Generated Revenue from paltry N750 Million monthly to about N3 Billion, will be undermined. The image of our party (APC) as a party of peace and progress will be negatively affected”, he wrote on.
“It will amount to taking the support of our people for granted. Worse still, your actions, if not curbed, will lead to an unfortunate return to the inglorious era of the immediate past”.
In conclusion, he wrote: “My Brother, you will recall some of my efforts and initiatives to forge unity and harmony in our party. These are well-documented and predate my assumption of office as Governor. Since inception, I have remained committed to the vision of building a virile, united and harmonious party with equity, justice and inclusiveness. As a member of the 5th Senate myself, I have constantly extended my hands of fellowship to you and your colleagues, including my personal invitations to all our programmes. The most recent initiative to achieve greater unity in the party was the formation of Consultative and Advisory Councils in all our twenty Local Government Areas. This body comprises party elders, elected members (including National Assembly and State Assembly Members), and political appointees. It provides platform for closer interaction amongst all the stakeholders, fosters unity and engenders mutual understanding. The composition, as you know, is inclusive. Regrettably, you and your colleagues have declined participation in the activities of the Consultative Assembly in your respective Local Government Areas.
“I remain resolute to building bridges within the party and even beyond. Far from being a sign of weakness, this is a demonstration of our commitment to general peace and security in the state. Any discord in the state or any critical segment or group, political or otherwise, takes away from this commitment. I swore to an oath which primarily requires me to protect life and property of all citizens and residents of Ogun State and remain unwavering in our commitment to ensure that the Mission to Rebuild Ogun State continues unhindered. While I will continue to make overtures for peace and pursue initiatives to forge party unity and harmony, I will not abdicate my responsibility as the Chief Security Officer of the State.
“In this respect, I have re-emphasised to the chairmen of the Local Government Areas that they will be held accountable for any breach of peace in their respective areas. Furthermore, I have briefed, as always, all security agencies in the State to be more vigilant and prevent any breach of peace in our State. In the same vein, my expectation is that all political gladiators will conduct themselves peacefully within the ambit of the law as any breach of peace and security that our administration jealously treasures will be viewed seriously. For emphasis, the full wrath of law will be visited on anyone whose conduct is capable of returning our State to the inglorious days of the immediate past.
“The citizens of the state have made it clear to us that they enjoy the current peaceful atmosphere that pervades the State in almost three years of our administration and that they will not accept any further ugly development that casts a dark shadow on our atate. As the custodian of their legitimate and freely given mandate, I intend to keep faith with them in this regard. It is my hope that your actions and utterances henceforth will be in consonance with this simple wish of the good People of Ogun State. It is not too late for you and your group to retrace your steps by putting a stop to the plot against the state and allow good reasons prevail.
“Democracy may not be perfect for human and societal organisation, but it is not for nothing that it remains the most preferred form of government worldwide. It has its tenets, the most profound being that it is a game of numbers. In this wise, I urge you and your colleagues to take full advantage of the forthcoming registration of party members by mobilising your supporters to register. This is the path true democrats adopt and it is also the path of honour.
“It is certainly more honourable than following the script of “what we can’t get, we destroy”. The plan to foment trouble in our great party, the APC, while hobnobbing and nurturing opposition parties as alternative platforms to realise your personal ambitions is an ill-wind that blows no one any good. I intend to continue to devote substantial focus to what the good People of Ogun State elected me to do – good governance – without allowing active partisan politics to become a major pre-occupation and distraction, as some would rather wish.
Once again, my Dear Senator Obadara, please accept the assurances, as always, of my highest regards”.
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Tinubu Meets Bolloré in Paris Over Expanded Investment in Nigeria’s Creative, Digital Economy
President Bola Ahmed Tinubu has held talks with French businessman Vincent Bolloré in Paris on plans to expand investment in Nigeria’s creative and digital economy.
The meeting, held during the President’s working vacation, focused on opportunities to deepen the localisation of operations by the Bolloré Group and increase investment in sectors including film, entertainment, fibre-optic infrastructure and digital services, according to a statement issued by the presidency.
Bolloré and members of his executive team outlined proposed investments centred on Nigeria, highlighting the country’s growing influence in global entertainment through Nollywood and Afrobeats.
The group also expressed interest in expanding its operations and local presence in Nigeria, with the presidency saying the plans could support increased production, investment and employment opportunities in the country.
Tinubu reaffirmed his administration’s focus on economic growth, job creation and digitalisation, while welcoming the group’s reported plans to deepen its activities in Nigeria.
The President said the government would continue to support investments aimed at developing the creative and digital economy, strengthening infrastructure and creating opportunities for Nigerian talent.
According to the statement, Tinubu also emphasised the potential for Nigeria to serve as a base for companies seeking to operate across Africa and international markets.
The meeting comes as Nigeria continues to promote its entertainment and technology sectors as areas of economic opportunity, with the government seeking to attract investment while expanding employment opportunities for young Nigerians.
Tinubu said his administration’s Renewed Hope Agenda seeks to harness Nigeria’s talent, entrepreneurship and growing global cultural influence to create greater economic opportunities and improve livelihoods.
News
Banks Shut 476 Branches as Nigeria’s Banking Landscape Goes Digital
Nigeria’s banks are rapidly abandoning the traditional banking model, shutting down hundreds of branches and cash centres as customers increasingly move to digital and electronic channels.
Data from the Central Bank of Nigeria show that banks closed a net 476 branches and cash centres between 2022 and 2025, cutting the country’s physical banking network by 8.8 per cent in just three years.
The number of bank branches and cash centres plunged from 5,410 in 2022 to 4,934 in 2025, signalling a dramatic shift away from brick-and-mortar banking.
The contraction has gathered pace in recent years.
Banks closed 37 locations in 2023, followed by a much steeper reduction of 229 locations in 2024. Another 210 branches and cash centres disappeared in 2025.
In effect, more than nine out of every 10 locations lost during the three-year period were closed in 2024 and 2025.
The figures, contained in the CBN’s 2025 Statistical Bulletin for the Financial Sector, cover branches and cash centres operated by commercial, merchant and non-interest banks. The data were sourced from the CBN and the Nigeria Deposit Insurance Corporation.
Lagos bears the biggest hit Lagos, Nigeria’s financial powerhouse, recorded the largest decline.
The state had 1,602 bank branches and cash centres in 2022. That figure dropped to 1,532 in 2023, 1,521 in 2024 and just 1,444 in 2025.
That represents a loss of 158 locations, or nearly 10 per cent, in three years.
Despite the closures, Lagos remains overwhelmingly dominant, accounting for almost 29 per cent of all physical banking locations in Nigeria.
The Federal Capital Territory also suffered a significant contraction. Abuja went from 400 locations in 2022 to 362 in 2025, a decline of 38, or 9.5 per cent.
But some states experienced far more dramatic cuts.
Ekiti lost almost half of its banking locations, falling from 107 in 2022 to just 57 in 2025 — a staggering 46.7 per cent decline.
Enugu lost 44 locations, dropping from 162 to 118, while Oyo shed 41, falling from 237 to 196.
Other notable declines were recorded in Ondo, Plateau, Osun, Cross River and Rivers.
Northern banking centres also feel the squeeze
The contraction was not confined to the South.
Kano, for instance, initially expanded its banking footprint, rising from 164 locations in 2022 to 183 in 2024. But the reversal was sharp in 2025, when the figure crashed to 157.
Kaduna followed a similar pattern. Its locations climbed from 148 in 2022 to 164 in 2024 before falling back to 146 in 2025.
Yet not every state is losing branches.
Delta recorded the strongest expansion among the states highlighted, adding 23 locations and rising from 173 in 2022 to 196 in 2025.
Edo added 10, while Jigawa and Kogi gained six and five locations respectively.
A widening banking divide
The figures expose a striking disparity in access to physical banking infrastructure across Nigeria.
While Lagos had 1,444 branches and cash centres in 2025, Yobe had only 23, Taraba 26 and Zamfara 28.
Bayelsa and Gombe had 31 each, while Ebonyi had 32.
The imbalance underscores how heavily physical banking infrastructure remains concentrated in Nigeria’s major commercial and economic centres.
The bank branch may be losing its battle
The shrinking branch network comes despite the number of banks operating in Nigeria initially increasing.
The country had 32 banks in 2022, 33 in 2023 and 35 in 2024, before the figure slipped slightly to 34 in 2025.
That means the branch closures cannot simply be explained by a shrinking number of banks.
Instead, the figures point to a much bigger transformation: Nigerian banking is moving away from physical locations and towards digital platforms.
The CBN has itself been pushing greater adoption of alternative payment channels, particularly among farmers, traders, small businesses and informal-sector operators who may have limited access to conventional banking services.
Speaking at the 2026 CBN Fair in Lokoja, the Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Ali, stressed the importance of alternative payment channels in expanding financial access and stimulating economic activity.
The message from the numbers is even clearer.
The era of banking halls on every major street may be fading.
With hundreds of branches disappearing in just three years — and the pace of closures accelerating — Nigeria’s banking industry is betting increasingly on phones, apps, electronic payments and other digital channels rather than physical walls and counters.
For millions of Nigerians, the next bank branch may no longer be a building. It may be sitting in their hands.
Business
In The Spotlight
Dangote: OPM Made You 36th Globally—How Many Investors Will Become Billionaires?
Alhaji Aliko Dangote has done what very few Africans have ever done. He has built a business empire of extraordinary scale, crossed the $50 billion mark in personal wealth, and reportedly risen to the 36th position among the world’s 3,397 billionaires.
That is an achievement Nigerians can acknowledge. But today, I want to ask a different question. Alhaji Dangote, how many of the Nigerians who are now investing their hard-earned money in your businesses will you help turn into millionaires—and eventually billionaires? That, in my view, is the more important question. Because behind every great fortune is an army of people whose money, labour, patronage, trust and participation helped create that wealth. And that brings us to OPM—Other People’s Money.
Other People's Money Built More Than One Fortune
Let us be honest: no business empire is built by one person alone. Investors provide capital. Banks provide financing. Workers provide labour. Consumers provide revenue. Suppliers provide goods and services. Governments provide infrastructure and an operating environment. And ordinary Nigerians have been buying Dangote products for decades. Now, Nigerians are being invited to take another step—from being customers to becoming owners.
The public offering of shares in the Dangote Petroleum Refinery gives ordinary Nigerians an opportunity to put their money into one of the country's biggest industrial projects. That opportunity comes with risk, of course. Nobody should invest money they cannot afford to lose, and nobody should assume that buying shares automatically guarantees wealth.
But there is a bigger principle here.If Nigerians are going to put their money into Dangote's business, Nigerians should also have a meaningful opportunity to participate in the wealth that business creates.
Don't Take Nigerians for Granted
Alhaji Dangote, Nigerians have supported your businesses.They have bought your cement.They have bought your sugar. They have bought your flour. They have bought countless other products connected to your business empire.Nigerian workers have built factories, transported products, operated plants, sold products and provided services.
Now, ordinary Nigerians are being asked to invest directly. That creates a responsibility—not merely to shareholders, but to the broader Nigerian public.
Don't take Nigerians for granted. Treat the small investor with the same seriousness you would give the institutional investor. Give shareholders transparency. Give them accountability. Give them information. Give them confidence that their money is being managed responsibly. And when the business succeeds, shareholders should have the opportunity to benefit from that success.
Your Greatest Legacy Should Be Bigger Than Your Net Worth
There is nothing wrong with becoming extraordinarily wealthy by building successful businesses.But there comes a point when the conversation should move beyond “How much is Dangote worth?" The more interesting question becomes:How many people became wealthy because Dangote built these businesses?
Imagine the impact if hundreds of thousands of Nigerians who invest today eventually build substantial wealth from their investments. Imagine a young Nigerian who starts with a modest investment and, over decades, builds an investment portfolio capable of paying school fees, buying a home, funding a business or securing retirement. Imagine Nigerian families passing shares from one generation to another. That is how an ownership culture is created.And Nigeria desperately needs an ownership culture.
We Need More Than One Dangote
Nigeria does not simply need another Dangote. Nigeria needs 10,000 Dangotes in different industries.
We need Nigerians who build technology companies, manufacturing companies, agricultural businesses, energy companies, financial institutions, pharmaceutical companies and global brands.But we also need millions of Nigerians who can become shareholders in those businesses. A country becomes economically stronger when wealth creation spreads beyond a handful of extraordinarily wealthy individuals.
The refinery therefore presents an interesting test. Can a Nigerian industrial giant create not just a massive fortune for its founder, but also a new generation of Nigerian investors? Can ordinary Nigerians who put their money into the company eventually look back and say:I was there when it started, and I benefited from its growth”?
That would be a powerful story.
From Billionaire to Wealth Creator
Dangote has already demonstrated that he knows how to create enormous corporate value. The next challenge is different.Can he help create enormous shareholder value for ordinary Nigerians?That is where the conversation about his $51.3 billion fortune becomes relevant.
If one man's wealth can grow by tens of billions of dollars, Nigerians are entitled to ask whether the people who invest alongside him can also experience meaningful wealth creation. Not necessarily overnight.Not necessarily without risk. But over time.That is what investing is supposed to be about.
The Question Nigerians Should Keep Asking
So, Alhaji Dangote, congratulations on reaching another extraordinary milestone.But don't stop at building your own fortune. Build an ecosystem in which others can build theirs. Don't let Nigerians remain merely consumers of Dangote products. Make them owners. Don't let the story end with one Nigerian becoming one of the world's richest people. Let the next chapter be about thousands, perhaps millions, of Nigerians building meaningful wealth through ownership and investment. Because the real measure of an economic giant is not only how high the founder climbs. It is how many people rise because of the platform he created.
So here is the question Nigerians should be asking: Aliko Dangote, OPM has helped take you to the 36th richest person in the world. Now that Nigerians are putting their own money into your empire, how many of those investors will you help turn into millionaires—and, ultimately, billionaires? That is the legacy question.
By Emmanuel Emeke Asiwe (EEA) Publisher/Editor-in- Chief)
In The Spotlight
Mixed metaphors: Eating them young
On this page, I have praised former Minister Nasir el-Rufai for his work in the Federal Capital Territory.
As governor, I praised some of his work, including when he fired state teachers. I also criticised him when he became arrogant and presumptuous.
Powerful people tend to misjudge distance, in terms of how long they will remain powerful, as well as the depth of their relevance, measuring how power, once in the hands of others, can remain in their favour.
El-Rufai made both miscalculations. Following over two decades of untouchability in power from Olusegun Obasanjo to Muhammadu Buhari, he has now spent 200 days in pre-trial detention on ICPC and DSS charges.
This should not happen to a citizen, any citizen. But some citizens, when fate grants them the winning lottery ticket, become Cronus, the Titan in Greek mythology who, to maintain his power, swallowed five of his six children soon after birth.
But not Zeus, his youngest son, who miraculously survived and, becoming the supreme ruler of the Olympian gods and the “Father of Gods and Men, “would exact vengeance.
In power, el-Rufai forgot not only the principle of right and wrong, but also the concept of justice.
But it was right there the whole time: on the flip side of injustice. The truth is that wearing glasses to be able to see arms, nobody to see through clouds.
Last Tuesday’s disruption by political thugs of the visit to Benue State of Peter Obi, the presidential candidate of the Nigeria Democratic Congress, is an early reminder of the temptations of power in a Nigerian election year.
The ruling party controls the state, which is in the thick of Nigeria’s insecurity crisis. Its governor, Hyacinth Alia, is a Catholic priest. Having, in 2025, been involved in trying to prevent the same Obi from a humanitarian visit, claiming that his intervention was purely on security grounds, Mr Alia is trying to persuade the country that his are not the hands behind the crude attempt to stop, particularly Mr Obi, from travelling freely and safely in the state.
As Minister Festus Keyamo wisely said, this kind of menace is not a part of our democracy. Mr Alia, show the world your strengths, not your limitations.
Big news: the 2024 Auditor-General’s Non-Compliance report, published last month, identified over N1.34trn in audit lapses.
It found that the National Cash Transfer Office paid N33.751 billion to 3,295,207 households in 35 states in 2023 with no evidence that the money reached genuine beneficiaries.
The Office could not produce REMITA records to authenticate the payments. SERAP has written to President Tinubu demanding a published audit trail and investigation of the flagged N78.8bn in total irregularities.
Similarly, Femi Falana (SAN) has called on the EFCC to investigate and prosecute officials.
Given that we are dealing with a specific regime of governance coated in colours of ruthlessness, it is doubtful that these calls will yield anything.
The truth is that the situation is worse than what we know so far, and so, I have a different call: that Nigerians pay close attention to what is actually a long-running looting spree of our poorest and most vulnerable. There is a scorched-earth assault going on.
I begin in 2019, the start of the second term of the fake anti-corruption champion Muhammadu Buhari:
The Auditor-General’s 2019 report on the FGN Consolidated Financial Statements discovered that 36 MDAs made individual transfer payments,totalingN15,534,467,561.26, without identifying the beneficiaries, ignoring the relevant budget lines for “Transfers–Payment to Unemployed” and “Transfers–Payment to Aged/Vulnerable Group.” The Auditor-General flagged the risk of “diversion of public funds” and “misapplication of funds.”
The 2020 report is more curious. In the MDA-by-MDA budget-performance schedule, the National Social Investment Office shows: Approved Budget N0.00, Supplementary Budget N0.00, Total Budget N0.00, but the actual spending is N275,010,764,595.02! That is, the NSIO somehow recorded spending N275bn with no budgetary authorisation at all.
Surely, somebody has an explanation?
The 2021 Non-Compliance report, Volume II, found under the Ministry of Humanitarian Affairs that N54,630,000,000 in N-Power Batch C1 stipends (the August–December 2021 backlog) was recorded as paid but, per the Auditor-General’s own field visits, “was not actually effected to the beneficiaries.”
The same section found N2,617,090,786 paid for the National Home-Grown School Feeding Programme (COVID-19 period), the Auditor-General recommending full recovery to the Treasury: a combined N58.05bn flagged in that one ministry in that one year.
Surely, somebody has an explanation?
The 2022 Non-Compliance file is titled as Volumes I and II merged, but despite that filename, Volume II appears to be absent, as it excludes Humanitarian Affairs, NSIPA, NCTO or NASSCO, meaning that their work was either not audited at all, or that that specific audit has yet to be published.
Again, and similarly, despite examining the two volumes of the 2023 Non-Compliance report, neither the Ministry of Humanitarian Affairs, NSIPA, NCTO, NASSCO, N-Power, GEEP nor school feeding appears anywhere, although many other agencies were thoroughly audited.
Surely, somebody has an explanation?
That brings us to the 2024 itemised findings SERAP has publicized: N33.751bn in cash transfers with no beneficiary confirmation; N36.744bn paid in December 2023 without prepayment audit; N4.616bn in unsupported expenditure which the Auditor-General says “may have been diverted”; N350.18m in enrolment payments to state coordinators with no supporting documentation; N89.51m for store items never delivered or logged; N17.42m in diesel cash advances with no traceable purchases; and at NASSCO, N2.24bn paid through 158 vouchers without prepayment audit.
These appear to be the patterns that Nigerian MDAs exhibit in their work every year, with vulnerable Nigerians exploited every year.
But the first challenge is for journalists to track Humanitarian Affairs/NSIPA through every audit year to establish the full carnage.
There is another crisis: that despite all of this, a lot of MDAs still fail to submit audited accounts to the Auditor-General, representing one of Nigeria’s worst accountability challenges. This is a problem that worsened significantly under the Buhari administration despite his anti-corruption rhetoric. According to the Auditor-General, the 2016 audit year saw the highest number of non-submissions (324) in modern Nigerian history: more than double the previous 22-year high of 148. In 2016-2017 alone, 436 agencies failed to submit accounts. Think about that.
President Bola Tinubu is in the middle of a three-week foreign trip, departing without formally informing the National Assembly or handing over to Vice President Shettima, violating the constitution.
For a man who is seeking a second term of office, this is a stark reminder of how little the rules, or for that matter, Nigeria, really matter to Mr Tinubu. Keep in mind that when he headed north, Mr Shettima headed south, to Angola.
The general debate of the 81st United Nations General Assembly will begin on 22 September. Mr Tinubu is scheduled to speak the following morning.
At a time of chaos and doubt in his leadership, and in democracy under his watch, he will confront the theme: “Restoring trust, managing transformation: a United Nations that delivers for all.”
By Sonala Olumhense