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Now, who will save Nigerians from the SARS called electricity Discos?

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If anyone, especially officials of the electricity distribution companies, otherwise known as Discos, or their collaborators in government tells you that the companies are not making profit, don’t spit in the face of that person, because it will be considered aggression and you could go to jail for that.

But be angry, angry enough to stand up and walk away. However, don’t take that walk without at least telling that person that he is a liar and how God and good men hate all foul liars. You are entitled to that and posterity will not only bear you witness, but defend you beyond here and before the King of Host, your maker and creator of heaven and earth.

For that is what they are – inveterate liars – thieves. You had Special Anti-Robbery Squad (SARS). But here comes another SARS with a different acronym. Call them Serious Acute Renegade Stealers (SARS) and you will be right.

Their modus operandi is the same. Both, have absolute powers – unquestionable powers – powers that leave the people completely helpless – powers with which they oppress, torture, brutilise and even kill the same people they are supposed to serve and protect. The only difference is that whilst the SARS associated with police employ the use of physical force and use their arms to shoot, maim and kill their victims, their Discos counterpart, employ the tactics of gradual economic asphyxiation to squeeze the life out of their victims.

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However, the motive is also the same – money. They are both fired by the same engine – greed, absolute, unquenchable, insatiable greed. You would think that a policeman could stop if he got millions from their victims. But you heard how the parents of one of the Awkuzu SARS victims, Chijioke Iloanya, paid in millions to free their son. They sold all they had and paid in millions of naira just to free their 22-year-old son, which all came to naught. They would have kept paying today to the insatiable SARS officials, if they did not get words that their son had been killed. That’s how wicked and greedy the police SARS were.

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But the Discos SARS are no different. Kunle Joseph, who lives in a flat at Victor Odunaiya Street, Iju-Ishaga shares a similar fate. In 2015, he landed a job that paid him N52,000. Out of this salary, he was paying N2,000. He was complaining that the bill was too much. But by 2017, the same bill began to fluctuate between N3,500 to N4,000. He was off and on at the Iju-Ishaga office of the Ikeja Electricity Company (IKDC) to complain of high bill.

But nobody listened to him. But the greatest shock came in January, 2020, when he got a bill of N11,857.50. He thought it was a huge joke. He again rushed to the office of the IKDC. After making all the noise, the officials checked his bill and compared it with what his co-tenants were paying and discovered that the next highest paying tenant was charged N4,000. Do you know his offence? He had no metre. Actually there is a metre in his flat, but it was malfunctioning and he had been at their office countless times to come and fix it all to no avail. Rather, he was placed on estimation.

The only solution they could offer him is that he should go and get a metre. He had since applied for a pre-paid metre, but has not got as much as a reply ever since. Last month, September, he was slammed with a bill of 17,000. Mind you, his salary has not changed from the N50,000.

Now, take away N17,650 from N50,000, what do you have left? Just N32,350! That’s what he has remaining for him and his family. Now who is he going to run to? He has written a letter to the National Electricity Regulatory Commission (NERC), the only agency he believes would help him, but not a single word has come from them in reply.

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His saviour seems to be the current #EndSARS protest rocking the country, which has restricted movements in all parts of Lagos. Else, the workers of the electricity company would have visited his compound. Today, he would have been in permanent darkness because there is no way he could remove such a huge amount of money from his salary to pay electricity alone.

See also  Who says Akpabio should shut up?

Remember that in 2015 when he got his job, a bag of rice was just N8,000, a sizable tuber of yam was just N200 and so on. Today the same bag of rice is N28,000 while the same size of yam is N1,000. So how does he balance it and live, since his salary has not changed?

There are millions of Josephs all over the country at the moment. They are faced with the same dilemma of the Discos SARS. The implication is that the Josephs of this world cannot make bulk purchase of any perishable good, either of tomatoes or meat, which saved them some money. They will no longer cook soup and preserve in the fridge or freezer after the disconnection of their electricity, which is going to be the next line of action as a punishment. Who will save them?

A friend of Joseph, Dapo, who runs a business centre was slammed with N33,000 bill in July up from N8,000. Out of annoyance, he asked them to disconnect him, which they quickly obliged. The following month, he got a bill of N37,000. That was in August. September was N36,000. This was despite the suspension of supply. He bought fuel for the period but discovered that there was no much difference as the problem was not only that the amount he spent on fuel was slightly higher, he had to contend with constant repairs of generators, which could not power some of his appliances needed for his business.

He had gone back to ask that he be reconnected, and he was told that until he paid fully for the initial N33,000, and the N73,000 for the months he didn’t use power. Dapo, has just secured an Okada from one of his brothers. This was a man that was previously fairly comfortable with his business, which was thriving and providing a lot of succour for his many customers.

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See also  Garlands, as Umeoji, ‘Ijele’ of Nigerian banking steps out

Together with the government, they tell you that they are not making. But that is a lie. They did not break even from day one of their operation, but they are making tremendous profits.

The problem is that if the Chief Executive Officer (CEO) of Eko Distribution Company (EKDC), learns that the son of his IKDC counterpart has acquired the latest yacht and is currently on a cruise in Indian Ocean, he would not rest until he acquires one for his son also. Or the one in Benin hears that the latest Rolls Royce is now in the garage of his Enugu counterpart, he goes to acquire same.

Of course, the sustenance of such a lavish lifestyle could only come from one source – the electricity cash-cow. It doesn’t matter for them, what happens to the masses, the geese that lay the golden egg. Let them continue to lay the eggs regardless of the state. As they become famished out of poor feeding, wither and die, another egg will hatch and other geese will grow and sustain the circle and the beat goes.

So, even if government gives them all the revenues accruing from the country in form of bailouts, as have been done before, they will still not break even like the police SARS, which continued to ask for more. For them there will never be enough, because it is all about greed, a human condition that can never be assuaged.

Unfortunately they have their grounds covered adequately. The government you are supposed to run to, when not asleep is a willing collaborator. Each of the officials along the way is covered in the sharing arrangement. If not, in which other part of the world would electricity tariff that was just about N2,000 climb to N17,000-N20,000 in less than five years. So, on what basis would #EndSARS protest abate? Who will save Nigerians from the DISCOS?

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Posted by  Editor |  24 October 2020, 04:17pm

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Garlands, as Umeoji, ‘Ijele’ of Nigerian banking steps out

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By Sunny Igboanugo

Ijele is the greatest masquerade in Igboland in every material particular. It is the largest, most beautiful, most feared, most adorned and most adored. So, naturally, it is rarely seen. Its appearance, is only to mark the biggest events. At such events, it is the last to perform. Why? It does not share space with others. After its performance the event closes and everyone is supposed to disperse, for there is nothing more to expect and nothing more to see. What other spectacle or performance would near or equal that of the Ijele?

That is exactly the message Zenith Bank seems to be passing when it announced the appointment of Dame Adaora Umeoji, as the Managing Director, Chief Executive Officer (MD-CEO), on Tuesday, March 20, 2024. It was a momentous break from its 34-year-old history, as she became the first female to occupy that position.

Though the late Maria Sokenu, the first Managing Director of the now defunct Peoples Bank of Nigeria (PBN), is the first in history to emerge as a CEO of a bank in the country, that piece of history pales into insignificance in the context of the emerging scenario, as it was not only part of the military adventure in Nigeria, due to its peculiarity. The PBN, was a government institution established to provide special needs and cater for a segmented interest.

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What comes more closely to women playing key leadership roles in the banking sector began when First Bank of Nigeria (FBN), in 2015, appointed Ibikunle Awosika as Chairman, the first in history. This was followed by Access Bank which went for Mosunmola Belo-Olusoga and Guarantee Trust Bank (GTB) going for Osaretin Demuren, all in the same year and in the same capacity.

In the last decades or so, the sector has however upped the ante with the emerging trends, particularly Deposit Monetary Banks (DMBs). The appointments of female MD-CEOs, a fad, consistent with global thinking of equality where women share the space in virtually all human activities, particularly those hitherto depicted as exclusive preserves of the men, has now taken a pride of place.

That was how Miriam Olusanya, a pharmacist, financial and accounting guru, became the first female Managing Director of Guarantee Trust Bank (GTBank), in July 2021, and still holds the position to this day, the same year Yemisi Edun emerged in the same position for the First City Monument Bank (FCMB), armed with a chemistry degree from the University of Ife and a master’s in international accounting and finance from the University of Liverpool, England.

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Before them was Halima Buba, who was appointed MD-CEO of SunTrust Bank, in January 2021, spirted from her desk as Deputy General Manager of Ecobank. With Bachelor of Science in Business Management and MBA from the University of Maiduguri, and Ireti Samuel-Ogbu, who became the MD-CEO of Citibank Nigeria, with Bachelor of Arts in Accounting and Finance from Middlesex University and an MBA from the University of Bradford, in September 2020.

Three months after, in December 2020, Fidelity Bank (FB) announced Nneka Onyeali-Ikpe, a lawyer, as the MD-CEO, the first in the history of the bank, which was established in 1988, who fully assumed her role in January 2021., six years after Tomi Somefun became the MD-CEO of Unity Bank, in August 2015. A graduate from the prestigious Harvard Business School and Columbia University, Somefun, who took a degree in English Language from Obafemi Awolowo University (OAU), has been playing that role since then.

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There is also Kafilat Araoye, who was appointed MD-CEO of Lotus Bank in May, 2021. The pioneer boss of the bank, one of the latest entrants in the Nigerian financial sector, with a degree in History and an M.Sc. in Industrial Relations and Personnel Management, is said to have come into the bank with over 30 years of banking experience.

Then there is Bukola Smith, who was a month earlier, appointed as the MD-CEO of FSDH Merchant Bank. Armed with B.Sc. in Economics and an MBA from Alliance Manchester Business School, in the UK, has remained in that position since April 2021.

The emerging trend also saw the appointment of Yetunde Bolanle Oni as the MD-CEO of Union Bank, a significant part of the history of one of Nigeria’s oldest banks. She is said to hold degrees in Economics and Business Administration, including executive training at Oxford University.

The entrance of Umeoji, seems to be the icing on the cake. It is akin to the popular saying of saving the best for last. That the entire Nigerian media space has been awash with the news of the appointment, since it was posted on the bank’s website on Tuesday morning, is indicative of the significance of the development.

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The statement read: “Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN).

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“She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the first female GMD/CEO since the inception of the bank, and her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.

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“Prior to this appointment, Dr. Umeoji has been the Deputy Managing Director of the bank since October 28, 2016 and has close to thirty (30) years cognate banking experience of which twenty-six (26) years has been with Zenith Bank.

“She is an alumnus of the prestigious Harvard Business School where she attended the Advanced Management Program (AMP) and an alumnus of Columbia Business School with a Certificate in the Global Banking Program. She holds a Bachelor’s Degree in Sociology from the University of Jos, a Bachelor’s Degree in Accounting and a First-Class honors in Law from Baze University, Abuja.

“She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA. She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA. She also attended the executive program in Strategic Management, and has a Certificate in Leading Global Business all from Harvard Business School, USA.

“She is a fellow of notable professional bodies including the Chartered Banker Institute, UK, Chartered Institute of Bankers of Nigeria, Nigerian Institute of Management, Institute of Credit Administration, Institute of Certified Public Accountants of Nigeria, Institute of Chartered Mediators and Conciliators, and the Institute of Chartered Secretaries and Administrators of Nigeria among others.

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“In 2022, the Federal Government of Nigeria honored Dr. Umeoji with Officer of the Order of the Niger, as a recognition of her contributions to nation building. She is a Peace Advocate of the United Nations (UN-POLAC).

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“She has impacted many lives through her philanthropic and humanitarian activities through her NGOs; Pink Breathe Cancer Foundation and the Adorable Foundation that educates, caters for Cancer patients and indigent children education especially the Girl-Child. Her contribution to humanity was recognized by the Sun Newspaper which recently bestowed on her the Humanitarian Service Icon Award for 2023.

“As a result of her passion for promoting professionalism in the banking industry and improving the well-being of the less privileged, Dr. Adaora Umeoji, OON founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses to promote ethical banking and service to humanity. She is a Lady of the Order of Knights of St. John International (KSJI), and was awarded a Papal Knight of the Order of St. Sylvester by His Holiness Pope Francis.”

The import of this historic appointment is not farfetched. It is not only captured in the tall credentials Umeoji is putting on the table or in her exquisite personality, but also her track record both in the bank itself, and the Nigerian financial sector in general, where she has played a progressive role in the last three decades.

Just as Zenith Bank, which began operation in July, 1990, two months after it was registered in May of the same year, about 34 years ago, is considered arguably the biggest bank in Nigeria, Umeoji, who is a key contributor to that enviable status, is reputed to be the biggest female player in the Nigerian banking industry today.

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For 26 years of the 30 she has spent in the industry, she is believed to have buried herself in work and more work, which has contributed quite significantly in the great fortunes of the bank and the outcome is the symbiotic relationship, where the bank is posting the hugest profits, while she is reputed to be the highest paid female banker in Nigeria today, both in dividends as a director and personal wages.

As the counting begins for the full takeover of affairs at 83 Ajose Adeogun Street, Victoria Island, home of the Zenith Heights, on June 1, it is salute to the amazon from Ezinifite, Aguata Local Government Area of Anambra State. It is salute to the Ijele of Nigerian banking. Nigeria, nay, the world stands still!

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Who says Akpabio should shut up?

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First, let me tell you how much I know about Uyo, the Akwa Ibom State capital. One Sunday afternoons, during one of my regular visits in the 1980s, my elder brothers, who were actually among the big boys, decided to give me a special treat in town.

Back then, it was a one street town, with the Aba-Ikot Ekpene Road, to show as the best and only major road to give it a semblance of a city.

The Honda CD-195, today’s equivalent of a top-notch Sports Utility Vehicle (SUV), which my brothers owned then was demonstrable evidence of this affluence for the middle class where young men of their ilk belonged. Mind you these were ordinary artisans. Their major business was constructing of aluminum water tanks. But because of the thriving economy then across Nigeria, what they made as incomes were enough to make them paint the town red.

They actually started off in Calabar, the Cross River State capital with the workshop at Wapi Junction by Highway, but had to split for business reasons when Akwa Ibom was created, one moving to Uyo and the other retaining the Calabar business.

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You know the treat? I’ll tell you shortly. But let me first tell you that when the Akwa Ibom or Cross River man tells you that they own the franchise for the best culinary ability in Nigeria, don’t even argue. No one else comes close.

For instance, I never knew that unripe plantain was such a good delicacy until I ate it in Uyo. I hardly accepted it from my father, the only one that relished it in my family back then. Whenever I did, it was, like other children, with squeezed face. Of course, he’s was prepared roast, with the popular ukpaka, fresh pepper and red oil to go with.

Never mind that I now throw glances and salivate like Pavlov dogs whenever I pass through the streets and see local women preparing the same recipe. But try the Akwa Ibom variant with bush meat and scent leaves mixed with vegetables. That was how I fell inseparably in love.

Come to think of it, was it the white soup at that popular joint in Calabar that I couldn’t recall the name or the ekpang nkukwo or the afang or edikang-ikong that I didn’t fall in love with? Or the fisherman soup?

So, the treat! Atop our ride, we soon arrived at the spot and a table was quickly arranged for the three of us. It was obvious that my brothers were quite popular with the owner of the joint who saw them as prized customers, hence the special treatment. It was also obvious that he knew their purpose and specialty.

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See also  Who says Akpabio should shut up?

We were actually in our third bottle of ukot, the brown-coloured variant of palm wine, quite different from what I used to know, when it arrived.

You would have thought, like I used to think that ishi-ewu was the best thing on earth after rice and banga stew until you have tasted a steaming hot head of J5 the euphemism for the delicacy, surrounded with periwinkles as I did that day.

Those and many other escapades, were the experiences that drew me to Uyo like a bee to the nectar. Not anything else and certainly, not the attraction of a city! There was actually no part of the town that I didn’t traverse in search of the good life in the company of those my brothers. That was how I got to know every nook and cranny of it.

But go to Uyo today. I have on many occasions. I could testify to the sharp contrast. The grand transformation is clearly not contemplatable. Who could imagine that the nondescript enclave, no more than a vintage Nigerian village, or at best the local government town, it actually was, would transit into the modern town that it is today?

Who could contemplate the exquisite edifices that have now replaced those weather-beaten structures that hitherto dotted the town or the glittering streets that practically bring it close to some of the celebrated cities of the world in terms of beauty?

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Who would have thought that after Lagos, Abuja and Port Harcourt, the next city on the cards today in Nigeria is Uyo, the Akwa Ibom State capital? That is why I enjoin anyone that sees Godswill Obot Akpabio to greet him. Hail him wherever he is sighted. His good deeds are certainly more than his sins. He is the one that did the magic.

I actually told the story above to underscore that I met Uyo at its virgin state and now its present status as a mega city. As an undergraduate in the 80s and a journalist two decades later I wasn’t only deeply into this town, but witnessed the instant revolution in a matter of few years.

Of course, while not denying credit to Obong Victor Attah, his predecessor, who started the process of moving the state away from the inglorious era the late Vice President, Alex Ekwueme described as the years of the locusts, with some ambitious projects, the trophy belongs to Akpabio. He breathed life into the state. Visiting the two at their own times, I knew when the wine fermented into its rich taste.

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He was the one who took the gown to town not only in physical development, but doing the work of the salesman. He virtually sold it not only to Nigerians, but the world.

You may have heard about the legacy projects – the Ibom Tropicana Resort, a five-star hotel, which boasts of Nigeria’s best golf course and other facilities that makes the city the attraction for billionaires and playground for tourists both locally and foreign or the Uyo Township Stadium, which during Akpabio’s time became the home-ground to the Super Eagles of Nigeria and other top football and sporting events.

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You may have heard about the first-grade roads across communities in and outside the state capital and the highways that crisscross the state. In fact, in one of the occasions I was in the state, the campaign and focus of his government, was operation zero potholes in the whole of Uyo.

Yes! You would certainly must have heard about the multi-purpose Akwa Ibom Ecumenical Centre – that grand edifice that was supposed to cater for religious activities, conferences and other local and international events.

But what about the little details of that government? Did you know that Uyo, was never ever supposed to be flooded in Akpabio’s visionary thinking? He took care of that. In one of my trips, I saw the huge underground pipe jacking drainage facility that was meant to collect storm water in the state capital. I learnt the project, then under construction by Julius Berger slashed the purse of the state by a whopping N13.6billion. It was the epitomic demonstration of Yo shinai, Yo kangai, the popular Toyota advert in the 90s, meaning Good thinking, Good product.

There are so many similar projects like that gives impetus to those, inclusive of yours truly, who see Akpabio as a man of vision and mission, regardless of the other side of his political story.

So, when I hear Pat Utomi, Nigeria’s most respected political economist, asking Akpabio to shut up the other day and Reuben Abati, prolific journalist following suit, by injuncting him to speak less, and after taking a cursory look at the entire park of the All Progressives Congress (APC) government of President Bola Tinubu, the abiding question I ask myself is who else is qualified to speak from there outside Akpabio?

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See also  Who says Akpabio should shut up?

In my view, Akpabio is the most highly rated official in that government with tangible things to show in his political years. I have provided the basis for my assessment. In fact, save for the uncanny penchant for reversal of roles in Nigeria, where the tail wags the dog rather than the reverse, what is the explanation for Tinubu being the President with Akpabio as the Senate President?

But Nigeria is already what it is. Is it not evident that Akpabio is the real visioner in that APC house of commotion? For one, he is an orator extraordinaire. On the many occasions I had encountered him, then as a governor, I never saw him read a prepared speech.

Yet, he would speak for two hours, still making sense and presenting figures. It was that immense gift of the garb and general carriage that made him practically sell Akwa Ibom to the world. It was like the recreation of Michael Iheonukara (MI) Okpara of Eastern Nigeria.

Indeed, has anyone wondered the sudden dim surrounding that state since Akpabio left as governor? Who is still remembering that state now? Why is Akwa Ibom no longer in the national spotlight as it used to be? Does it mean the state is getting less money than it used to, since many people seemed to suggest that the sudden high profile it attained was as a result of the high revenue accruing to it? Isn’t it obvious that it has to do with that extra shine, the debonair air around him, which his successors have failed to replicate or sustain?

The major snag, if not the only one, is that he has found himself in bad company. APC is a bad product, in fact and in deed. Since Nigerians bought into it through former President Muhammadu Buhari, who should not have risen beyond the Emir of Daura, it has continued to decay.

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With Tinubu’s listlessness, the rot and degeneration have since worsened. How does anyone defend this President and his underwhelming performance and still come out smelling roses? This is Akpabio’s dilemma and not the inability to say the right thing. As long as he remains in that crowd, nobody is qualified more than him to speak. So, speak, Akpabio must!

My name is Sunny Igboanugo and I’m The Tiny Voice!  

 

 

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Sanusi’s acquittal of Tinubu: When truth is coloured by ‘vested interest’

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Sunny Igboanugo

I couldn’t believe that it was Sanusi Lamido Sanusi that spoke on Sunday in the manner he was quoted to have spoken at a religious event in Abuja. I’m sure those who invited him to the programme must have been surprised too that of all the things he said, he completely exculpated President Bola Tinubu of blame from the current suffering in the land.

The former Governor of the Central Bank of Nigeria (CBN) is known to shoot straight from the hips and with some rare courage that could only be attributed to his parentage. After all a king does and says what and as he wishes.

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Indeed, it was this same courage that put him in trouble and ended his plum job as the nation’s number one banker when he openly exposed the rot that he suspected was going on with the government of Goodluck Jonathan, President of Nigeria at the time, who ordered his removal in 2014 after the Nigerian National Petroleum Corporation (NNPC) fraud saga.

Even after ascending the throne of his forebears as the 14th Emir of Kano, it was the same courage that put his monarchy in harm’s way when his lacerating criticisms became too much for Abdullahi Ganduje, former Governor of Kano State, that he had to move against him by first, splitting his kingdom into four emirates as part of a pushback that culminated into his dethronement and eventual banishment from the state.

Just this December 8, 2023, while speaking at the Bank Directors Summit organised by the Bank Directors Association of Nigeria (BDAN), Sanusi was on song as usual, when he again turned to the NNPC, now a private company for accountability, virtually questioning the whereabouts of the dollar it is earning, which the country is supposed to rely on for most of its foreign exchange undertakings.

Hear him: “We are no longer paying subsidies so where are the dollars? It was under recovery during the subsidy era and that has been stopped, so where is the money? This was the issue I raised for which I was suspended, well you can suspend me again. The NNPCL is the most opaque oil company in the world.

“When I was in the central bank for 15 years, they had not been audited. We have to follow the money from production to export to return, where is the money going? We paid N11trillion in subsidy and there is no accountability up till now. The National Assembly called the NNPCL to bring the documents, but they refused.”

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This was vintage Sanusi, piercing the boil at the ripening point. But, last Sunday, it was different. The boldness, forthrightness and courage appeared to have gone to the market. How could anyone on earth, when even a little baby learning to talk is blabbing his name, acquit Tinubu of blame in the current parlous situation in Nigeria, let alone a Sanusi, who has travelled beyond the legendary seven seas and seven forests to see it all? But that was what he attempted to do.

See also  Who says Akpabio should shut up?

Hear him: “If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship. For eight years, we were living a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 percent. I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu administration in the future.

“It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy. In the last eight years, the Central Bank continued to print more money, and the Naira continued to depreciate. There is too much naira in circulation because the CBN is printing the currency without restraint.

“The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700. A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them.”

Phew! What the ex-CBN boss failed to do however is to take a simple peek into the Tinubu Presidency in the last eight months. Yes, he had no option about subsidy removal and perhaps equally had no option about floating the Naira, the two immediate culprits in the current economic crisis. But what about the other decisions he took? What about the other activities?

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Was it Buhari that appointed 50 ministers he currently has in his cabinet? Or has the royal father forgotten what it would cost to maintain each of the extra 13 ministers and their aides? Was it Buhari that asked Tinubu to borrow foreign currency to purchase a N5billion worth of a yacht for himself? Was it Buhari that budgeted N28billion for purchase of vehicles for the Presidential Villa? Were there no vehicles there before?

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Pray! Was it Buhari that ordered another set of vehicles at the cost of N1.5billion for the First Lady, an office that is not recognised by law? Was it Buhari that released the presidential plane from the fleet for Seyi Tinubu to transport himself to Kano to watch the game of polo? Don’t we know the cost of fuelling the jet alone? Was it Buhari that took a historic 1,400 delegates to the climate change summit in Dubai?

Okay, since Tinubu should be overlooked, in what other sane country of the world would a government official still keep his job after asking for a N1.8billion for the inauguration of a 37-man committee to fix minimum wage? What was the N500million the selfsame Tinubu approved for? Was it to engage Elon Musk as a consultant or to drink tea or coffee specially prepared in Fiji with special properties capable of resetting people’s brain?

Yes! Let’s excuse the monarch for failing to notice the rot in government. Perhaps he was too busy to hear details of the Betta Edu scandal and missed one of the elements, where a whopping N4billion was budgeted to verify recipients of the Federal Government’s poverty alleviation largesse. Has he asked any questions about whereabouts of the savings from the subsidy removal?

If he did, he would have gotten a snippet of how the President has been dishing them out like a drunken sailor, outside what goes into private pockets from direct stealing by his appointees in various offices, who now see the country as a bazaar ground.

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A video has just emerged of Femi Falana (SAN) while speaking at this year’s memorial of the late Beko Ransome Kuti, revealed to the world how the same Tinubu, shared a whopping N123billion to governors to fight 2023 to fight COVID-19. This was the same pandemic that the World Health Organisation (WHO), declared over in May 2023. Yet by December, Nigeria is still fighting it with such a huge amount.

“Do you know what I’m talking about? Last December, they gave out N123billion to fight COVID-19. Furthermore, and this must be our demand from here – this regime, must – even if we have to go to the streets on this because it is so fundamental – must warehouse the gains of subsidy removal and channel it towards alleviating the poverty of our people.

“In April last year, what the three tiers of government – Federal Government, state government and the local governments shared was N655billion. When subsidy was removed, since June, according to the Minister of Finance, Wale Edun, there’s no month that less than N1trillion was shared. You can quote me on this, in June last year, what they shared was N1.9trillion. People were embarrassed! Where is this money coming from, where did you see this money? They had to save N900billion.”

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Perhaps the same Sanusi also missed that the 469 federal lawmakers, each got their own share from the same largesse – N200million each for Senators and N100million for House of Representatives, for the purchase of Christmas rice for their constituents. The fact that nobody seemed to benefit from the largesse, clearly informs the hollowness about Sanusi’s position.

Imagine what channelling the subsidy removed from petrol to subsidising public transportation could do to the economy. Imagine the gains derivable from procuring additional 500 vehicles per state, through public-private partnership to provide cheap transportation? But no! The money would rather go to governors, NASS members and government officials who are likely going to pocket them.

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Yet Sanusi says nobody should blame Tinubu. Come to think of it, at what point did Buhari and Tinubu cease being political Siamese twins? Virtually all political moves Buhari took since their coming together, had always had Tinubu’s imprimatur and vice versa. Never for once did Tinubu condemn or speak out against the issues Sanusi spoke about.

Even in the 2019 election, when it was obvious that Buhari was completely bereft of all elements that would enable him hold office, didn’t Tinubu and others continue to prop him up, resulting in the eventual disaster that he turned out four years after. Didn’t Tinubu tell the world that he would continue where Buhari stopped? Even now that Buhari is no longer in power, how much of his footprints have Tinubu erased? Is he not digging deeper into the hole Nigeria has since sunk?

What about that boy that has no experience, that has now bought a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them? Has Tinubu asked him to account for his deeds? Shouldn’t Buhari himself be standing in the dock at this moment to answer questions the same way Godwin Emefiele, Sanusi’s successor is doing now?

I have since taken time to revisit Sanusi’s elaborate treatise, on August 18 2013, where blamed vested interests for the ills of Nigeria. My conclusion is that he has also caught the same bug and now, perhaps, as a Lagos Home Boy, there’s too much affinity with Tinubu and perhaps too much more at stake for him to avoid the poison of that phenomenon. Too bad!

My name is Sunny Igboanugo and I’m The Tiny Voice!

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