Former Governor of Kwara State and current senator, Dr. Bukola Saraki has described the 2014 budget proposal of the President Goodluck Jonathan administration as full of inconsistencies that would condone serious fraud and impunity.
He said this in a critical analysis of the budget posted on his website.
Among other such inconsistencies, Saraki mentioned situations such as plans to buy units of desktop computers as N2 million each. He also disclosed that many items in the budget were listed repeatedly and money allocated to them on each occasion, while in some other situations, some of the items are very mysterious as they as ambiguous.
Read the full analysis below:
My Submission on The 2014 Budget
1) THE BUDGET THEME
The proposed budget christened Budget for Job Creation and Growth’ represents N100 billion reduction from the N4.7 trillion that was budgeted for last year.
Key assumptions of the budget include: crude oil 2.3mbpd, crude oil price $77.5pb, exchange rate of N160 to a dollar and a GDP growth of 6.75%
The budget proposes a recurrent expenditure of N2.4 Trillion and a capital expenditure of N1.1 Trillion. This translates to 76.3% of the budget for recurrent expenditure and just 23.7% for capital expenditure.
Aside infrastructure, there is a clear indication that the oil market is evolving fast with the entry of the Shale Oil from regions, which we considered to be our oil market main stay; countries like the US, China and even the UK are vigorously pursuing shale oil. What this means is that there is need to diversify our economy radically.
It is hard to see how the capital outlay expected here will galvanize this economic shift or movement away from oil.
ROUTINE BUDGETING WITH LITTLE IMPACT
It is regrettable to note that our National Budget process, which should have a lot of development implications, is fast becoming a mere procedural ritual to fulfil a legal condition rather than a scrutiny on efficient resource allocation and use for the welfare of our people.
Let’s be frank and admit that our budget process has been inadequate. And a lot of the failure of the budgets in the past cannot be completely ascribed to the executive alone. We, too, have a low pass mark on the budget ourselves, as we have not guarded our budget process effectively and have shielded away from vesting it with the right integrity assurance value it deserves. Today, we have a situation where even civil servants find no hesitation in abusing the provisions of the budget with impunity.
This 2014 budget may be our last opportunity to redeem ourselves and correct this budget anomaly. If we don’t seize this opportunity and put things right, soon it may begin to appear that National Assembly budget no longer matters. Why do I say so?
In recent years, we have seen a growing trend where the budget is scorned and hardly executed above 50%. Take the 2012 and 2013 budgets for instance, the percentage of implementation of the 2012 and 2013 budget has continued to dwindle while the level of extra-budgetary expenditure in the system unauthorized either by the appropriation Act or any other Act of the National Assembly has continued to rise.
It is the duty of the National assembly to rein in public expenditure and ensure probity through budgeting and oversight. It is an open secret that the levels of public revenues expended through extra-budgetary means have continued to grow at a frightening dimension.
Take the issue of revenues for e.g., how do we explain the expenditure of N700m daily on kerosene, even when there was no line item on the budget for kerosene subsidy in the 2013 budget. Again, the waste this exposes the budget to is not just as to the amount involved, but also the fact that the product is not available to Nigerians. How is it that this barefaced fleecing of the country and an unapologetic violation of the budget of this magnitude continue without any response from the National Assembly?
Another example is the parallel government called NNPC. Yes, it has become a parallel government. Otherwise how do you explain this- NNPC has openly told us that they had spent the missing $10bn (this is after questions were asked about unexplained shortfalls in remittances) of public revenue without appropriation? This is an amount far in excess of the national capital budget for the year 2014. No one would have known and NNPC would not have bothered to explain had there not been an enquiry over revenue shortfalls. Indeed, it is fair to say that what we have today is that we have two parallel government budgets, one that is authorized by the National Assembly and another running as extra-budget expenditures.
Part of the problem in my view is the process of budgeting. Our budget process lacks thorough scrutiny and deliberation and there is no consequence for budget violation- a matter considered high crime in other countries.
My attitude is this, if we the National Assembly, make the mistake of going into the 2014 the same way we have been doing we are doomed to fail. We must open our budget process a little further to allow for deliberation and scrutiny.
A situation where aside our committee budgets it’s hard for senators to contribute to and understand budgets covering other sectors as there is very little debate on sectarian basis for allocation made and how such is finally utilized. We hardly know the impact of our budget on senatorial basis.
There is little time to review how our budget affects our states, our farmers, market women, family budget, small-scale entrepreneurs our people in general.
A situation where as chairmen or members of committees assigned to scrutinize budget allocation to committee area of jurisdiction you cannot explain or be responsible for the finally approved budget within your area of scrutiny is a grave situation that requires attention.
It is no longer unheard of for third parties to infiltrate the budget process and inject things into the budget but it is happening and could happen again.
Make no mistake about it. A violation of the budget either during passage or implementation of the budget it is a gross abuse of office.
No matter how you look at it, a situation where an agency of government can, without qualms and bare-facedly claim to spend in extra-budgetary discretion the sum of $10bn an amount far greater than the entire federal capital budget for all government agencies and programs including education, health, roads, aviation, power, for the year in a manner that the National Assembly has no say about, calls to question the relevance of the National assembly in the revenue and expenditure process of our governance and more so whether our 1999 Constitution is the source of all authority in Nigeria.
For the avoidance of doubt, the 1999 Constitution declares in Section 1(1) and says, “This Constitution is supreme and its provisions shall have binding force on all authorities and persons throughout the Federal Republic of Nigeria. It goes further to provide in Section 80(1) that “All revenues or other moneys raised or received by the Federation (not being revenues or other moneys payable under this Constitution or any Act of the National Assembly into any other public fund of the Federation established for a specific purpose) shall be paid into and form one Consolidated Revenue Fund of the Federation.
(2) No moneys shall be withdrawn from the Consolidated Revenue Fund of the Federation except to meet expenditure that is charged upon the fund by this Constitution or where the issue of those moneys has been authorised by an Appropriation Act, Supplementary Appropriation Act or an Act passed in pursuance of section 81 of this Constitution.
(3) No moneys shall be withdrawn from any public fund of the Federation, other than the Consolidated Revenue Fund of the Federation, unless the issue of those moneys has been authorised by an Act of the National Assembly.
(4) No moneys shall be withdrawn from the Consolidated Revenue Fund or any other public fund of the Federation, except in the manner prescribed by the National Assembly.”
While acknowledging that the executive have a pivotal role to play, the constitution recognizes the danger of allowing such a very important and onerous duty to be performed only by the executive and demanded rightfully that the National Assembly, the representative of the people approve the budget.
Our fellow Nigerians expect us to not just do that but that we do a thorough job of scrutinising the budget and ensuring that our scare resources are spent wisely and efficiently for the sole purpose of the welfare of our people.
I am happy that the SP has laid down the ground rule for this year’s budget consideration in his speech that this year’s budget “consideration will be robust and meticulous”; that we will “insist on accountability, probity and transparency. We will not wring our hands in apathy … we will work to ensure that the developmental goals underpinning the budget are fully realized”.
We can no longer allow ourselves to cave into the pressure to rush through for expediency sake in a job that requires rigor, thoroughness and cool-headedness consequently we create a budget that is hard to implement and when implemented produce unintended and incongruent consequences.
If we want budgets approved by the National Assembly to be faithfully implemented, then we must ensure that the process is deliberately exhaustive and followed. A situation where we have a revenue drop of over 40% is not good and shows lapse in budgeting. It means that the executive is not doing a thorough job before presenting to us the budget they seek approval for. We have allowed this situation to go on for long. The MTEF was passed without due process. The Fiscal Responsibility Act requires that mandatory and proper consultations with the states be carried out before the MTEF is prepared and presented. This did not happen. Last year’s capital releases came to not more than N900bn out of a total capital outlay of 1.4bn.
IMPORTANCE OF SCRUTINY
Much has been said about the need for further scrutiny but let us consider the present draft budget before us.
This budget even without much work reveals far too many costly inconsistencies. From the outset there are cost inconsistencies all over the budget and it would appear that there is a lack of meaningful attempt at efficient procurement evident in the entire budget. Some of the simplest is exemplified in a few reoccurring procurements all over the budget. Take for example the purchase of desktops where a unit is listed for 2m the same line item wherever listed under the budget of the Ministry of Education, a unit is put at N2m in the market while the market reality will show that N200, 000 will be efficiently utilised to purchase a unit. On the same budget for Works, desktop were listed to cost N1m per unit.
There are however a few noticeable exceptions which are to be commended where capital expenditures were more or less efficiently appropriated. These include agriculture and rural development that allocates N35.1b to capital and N31.4b to recurrent respectively; water resources, N30.6b and N7.7b; power N59b and N3.3b; transport, N29.3b and N8.1b; works, N100.1b and N28.5b; lands and housing, N12.8b and N5.6 and aviation N26.1b and N6.1b.
The rest of the 42 ministries, departments and agencies (MDAs) will spend more on their recurrent than on capital and in some instances the difference is so huge. Here are a few cases: the Ministry of Interior is expected to spend N144.7b in recurrent and just N6.29b on capital; Police formation and commands, N285.5b and N6.79b; Education including UBEC, N443.9b and N49.5b and Health, N216.4b and N46.3b.
(2) INEXPLICABLE BUDGET PRIORITIES AND DISPARITIES
Last year, N90.9m was budgeted for this item; what has happened or expected to happen this year that will propel this level of spending. Yet, this is aside N188.3m to be spent on office stationery and computer consumables (for which N507.9m was budgeted last year).
The education budget is the same. An e.g. is a line budget to procure 15 desktop computers for N30m, which translates to N2m per unit. There is no desktop computer costing over 500,000 naira in the open market. In fact since most of these will be bulk purchases the cost is expected to come down. More importantly, there is no suggestion that what is needed is the highest end of desktop computers.
A peep into the budget for the Ministry of Foreign Affairs brings its own excitement. For instance, there is plan to spend money for the maintenance of plants and generators in several of our foreign missions, including the one in London.
The foreign ministry’s headquarters would part with N201.7m for fumigation and cleaning services during the year. Some others that illustrate the priority dichotomy are highlighted below:
Construction of a VIP Wing at the State House Clinic: N705 Million
Total Capital Budget for Obafemi Awolowo University Teaching Hospital: N328 Million
Total capital budget for University of Ilorin Teaching Hospital: N310 Million
Total Capital Budget for NOMA Children Hospital, Sokoto: N 89 M
Total capital budget for The Institute of Child Health, University of Benin Teaching Hospital, and Benin City: Nil
It is clear from the foregoing that to the formulators of the budget, the VIP Wing at the State House clinic is superior in terms of cost, priority and efficient allocation of resources to 2 teaching hospitals, a National Children’s Hospital and a Pediatric Research Institute combined.
(3) DEFENCE AND SECURITY BUDGET
The budget proposal rewards banditry and encourages militancy at the expense of the fighting men and women of the Nigerian military. Set forth below are comparative figures from various elements of the budget associated with defence and national security:
Stipends and Allowances to 30,000 Niger Delta Militants under the Presidential Amnesty Programme: N23.6 Billion (twenty three billion, six hundred million Naira)
Reintegration of Transformed Ex Militants: N35.4 Billion (Thirty Five Billion, Four Hundred Million Naira)
Total Capital Budget for the Nigerian Army: N4.8 Billion (Four Billion, Eight Hundred Million Naira)
Total Capital Budget for the Ministry of Defence Headquarters, Army, Navy and Air Force: N34.2 billion (Thirty Four Billion, Two Hundred Million Naira)
Total capital budget for ALL Police formations and commands: N6 Billion (Six Billion Naira)
4) DISCRETIONARY SPENDING COST INSENSITIVITYThere is too much discretionary spending in the system, which are hard to put in context. E.g. the use of the phrase ‘Welfare packages’, which will gulp as much as N40.4m in the headquarters of the Ministry of Water Resources? This is seen in many places. It is good to note that the said figure is not for the entire ministry and agencies under it, rather for the headquarters. Welfare package typically appears in the budget of every MDA and one wonders who audits this spending.
Other heads of interest demanding explanation include ‘Cleaning and fumigation services’ (for which the Headquarters of the Foreign Affairs Ministry would spend N201.7m and the Niger Delta Ministry will spend N25m on) and ‘Anniversaries and celebrations (for which the Ministry of Women Affairs will spend N71.6m)’. There are also budgetary heads for ‘Printing of security documents’; ‘Printing of non-security documents’; ‘Field and camping materials supplies’ (N4.39m in the Ministry of Women Affairs); ‘Uniforms and other clothing’; ‘Refreshments and meals’ (N16.7m in the Ministry of Women Affairs); ‘Honorarium and sitting allowance’ and ‘consultancy services for budget preparation’
In the State House Headquarters there is a line item to purchase an embalming machine at the cost of N1.65m and a hydraulic post-mortem table at N4m.
General maintenance in the State House will cost N1.19b of which N138.9m will go for motor vehicle and transport equipment maintenance.
N907m will be spent for office and residential building maintenance; N17.4m for office furniture maintenance and N40m to maintain office and IT equipment.
5) THE BUDGET IS FULL OF DISTORTIONSThe budget is full of distortions. In some areas items are simply restated verbatim several times and amounts allocated as many times as they are repeated. In the ministry of Education some university budgets are simply restated. In one case a university budget is simply re-pasted as another university budget.
Also, in the Foreign Affairs ministry budget, there are plans to spend N834.4m to purchase and freight 40 ‘representational cars’ to 40 of our foreign missions. This translates to N20.86m as average cost for the cars. Wouldn’t this cost be reduced if these cars were bought in the locations they are to be used?
Another example in the Ministry of Foreign Affairs will suffice. For e.g. there are provisions for office equipment repeated five times and several allocations made for the same item repeatedly and the distortion is compounded by the fact that provisions are made for the same purpose but captured using other framing. In other cases items are included that are not measurable or executable. E.g. the Institute for Peace and Conflict Resolution will be spending N9m for ‘building democracy as an instrument of peace’.
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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