Maina and Malami could well be archetypes of the kind of characters that preside over the affairs of Nigeria, from federal to state and council levels. They are everywhere. But I find it most heartbreaking that President Buhari has watched this perfidy without plucking out the culprits and crushing them. The biggest credential Buhari brought to this game was his anti-corruption resume. But in his cabinet are many ministers who ordinarily ought to be in jail as we speak. Since Buhari cannot jail them, he can at least fire them and hand them over to the EFCC. But maybe we are asking for too much. The Babachir Lawal saga remains a low point for this government. What a shame.
PremiumTimesNG
Channels Television
NTA
NewTelegraph
News
PremiumTimesNG
Opinions
politics
Finance
Education
Agriculture
corruption
To cut a long story short, Alhaji
Abdulrasheed Abdullahi Maina came into national limelight in 2013 when, as
chairman of the Presidential Task Force on Pension Reform, he was accused of
perpetrating a fraud running into over N100 billion. The senate committee
probing the matter invited him to testify but he refused — while regularly
driving in and out of Aso Rock to demonstrate his closeness to President
Goodluck Jonathan. Maina thought he was untouchable. The pressure mounted,
senate issued a bench warrant and he soon ran out of the country, absconding
from duty and getting dismissed from the civil service in return. The EFCC also
declared him wanted.
Four years later — and two years into
“change” — top officials of the Buhari administration arranged an elaborate
scheme to bring Maina back to the country in a blaze of glory. He literally
rode on a donkey to the shouts of “Hosanna” — if we are to believe his family,
who claimed the “pension messiah” was actually invited back from exile to be
part of Buhari’s Team Change. He was reinstated and promoted from deputy
director to director instantly. With a little luck, he was well on his way to
becoming permanent secretary. He could even become a minister, an ambassador or
a governor. He could become president, why not? This is Nigeria, remember?
From all the memos that are now available in
the public domain, Mr. Abubakar Malami, the attorney-general of the federation,
Gen. Abdurrahman Dambazau, the minister of interior, and Mrs Winifred Oyo-Ita,
the head of service, all participated one way or the other in formalising
Maina’s reinstatement. How much President Muhammadu Buhari knew about this
perfidy will continue to be a subject of speculation, but at least he quickly
seized the moral high ground by ordering the sack of Maina when Premium Times,
the investigative online newspaper, blew the lid. It is impossible to cut this
long story short, but that is the tragicomedy in three paragraphs.
The Maina story illustrates everything that
is wrong with Nigeria. Most of the ingredients for the underdevelopment of
Nigeria are contained in the saga. One, wickedness in high places. After
workers have served Nigeria all their youthful and productive years, they spend
their old age chasing their pensions up and down. Some are owed years in
arrears. The regular excuse is that there is no money to pay them. In
retirement, they usually face critical health issues — high blood pressure,
diabetes, heart failure and such like. And, what a pity, they will have no
money for treatment. Yet their pension is their right. It is their sweat, their
blood. But who cares?
A pension reform chairman is accused of fraud
running into billions of naira. Yet he lives in opulence, too much for a civil
servant. But who cares? He is well dressed, well groomed and handsome-looking,
and allegedly owns the best of mansions and all manner of property home and
abroad — while the old, ragged pensioners struggle in pain and in vain, day and
night, to collect their entitlements. My heart melted the day I saw a picture
on the front page of Nigerian Tribune many years ago: a pensioner had collapsed
and died at a verification centre, and — with his shrouded dead body serving as
backdrop — the rest pensioners remained glued to the bench waiting for Godot.
The question you would ask yourself is: why
on earth would anyone born of a woman see the sufferings of these old people
and remain heartless? Why would anybody deny these hapless pensioners their
entitlements in that old age under the guise of “no money” while stealing,
wasting and mismanaging the resources? It takes a conscience seared with iron
to be so callous. It takes a wicked conscience to be frolicking and
gallivanting while denying workers and pensioners the legitimate reward of
their sweat. Any country that treats workers and pensioners with this
wickedness can never make progress. I want to be contradicted with hard
evidence.
Two, the Maina story tells the story of
impunity. You mean a man declared wanted by the EFCC can confidently return to
the country with the help of top officials of a government that claims to be
fighting corruption? You mean the police and the Department of State Service
(DSS) could provide security for the fugitive? You mean he could be promoted
instantly? Impunity is well captured in Yoruba language as “tani o mumi?” That
is, “who the hell can touch me”? There is this air among the Nigerian elite
that they can do anything and get away with it. Nobody can touch them. They
kill and steal and get medals in return. Impunity is the name of the game.
When President Buhari assumed office two
years ago, I wrote an article, “The One Thing Buhari Must Do” (July 5, 2015). I
said if the president would have just a one-point agenda, it should be an
all-out war against impunity. In place of “War against Corruption”, I proposed
“War against Impunity”. There would always be corruption, I said, as there is
no corruption-free country in the world. However, what gives Nigeria the gold
medal is impunity. Impudence. Effrontery. The audacity with which laws are violated
and corruption is implemented in Nigeria is incredible. Any country practising
such impunity can never develop. I want to be contradicted with hard evidence.
The third aspect of the Maina story that
captures Nigeria’s underdevelopment is shamelessness. In a civilised country,
in a country where people have a sense of shame, those implicated in the
scandal would have resigned by now. I am not even suggesting that they should
be sacked — that is another matter entirely. I am saying on their own, having
let this country down badly, they should have left government. But there is no
sense of shame in Nigeria. If we had shame, Nigeria would not be where it is
today. Most of the people in government are shameless. Show me a country ruled
by shameless people and I will show you a doomed society. I want to be
contradicted with hard evidence.
When we discuss the underdevelopment of
Nigeria, it is usually the story of wickedness, impunity and shamelessness in
high places. It takes absolute wickedness to see the suffering of the people
and not be bothered, and continue to loot and rape with impunity and
shamelessness. I am forced to ask and ask again and again: who in government
really cares about the plight of Nigerians? Across the length and breadth of
this country, only a few states consider payment of salaries and pensions as
priority. They would rather mould graven images or go for lesser hajj or build
ultra-modern governor’s lodge than meet their basic obligations to the people.
Meanwhile, Buhari’s government is beginning
to lose it — as evident in the incredible attempt to hold Jonathan’s
“loyalists” responsible for the recall of Maina. It is getting ridiculous. For
some of us who are not interested in the silly politics between PDP and APC but
are more anxious about the progress of Nigeria, it would be most catastrophic
if the Maina scandal ends up as a political game. No. This cannot be treated as
politics. We are discussing the present and the future of Nigeria. PDP and APC
can burn to ashes for all I care. We are discussing wickedness, impunity and
shamelessness in high places. Both the PDP and APC have these vices in their
bones. Nobody can fool us.
Maina and Malami could well be archetypes of the kind of characters that preside over the affairs of Nigeria, from federal to state and council levels. They are everywhere. But I find it most heartbreaking that President Buhari has watched this perfidy without plucking out the culprits and crushing them. The biggest credential Buhari brought to this game was his anti-corruption resume. But in his cabinet are many ministers who ordinarily ought to be in jail as we speak. Since Buhari cannot jail them, he can at least fire them and hand them over to the EFCC. But maybe we are asking for too much. The Babachir Lawal saga remains a low point for this government. What a shame.
I have not said Maina is definitely guilty.
That is the job of the courts. However, the manner of his reinstatement clearly
suggests something is not right. Something is horribly wrong with those who
thought they could have gone away with such treachery in this day and age. What
the hell were they thinking? By the way, every administration faces a turning
point. It is the point where things tip over irredeemably, where opponents,
neutrals and die-hard supporters come together. The widespread reactions to the
Maina saga suggest this could be the tipping point for Buhari. Many Nigerians
have been too accommodating and too considerate. They are being taken for
granted.
I would, therefore, leave Buhari with these
words: Mr. President, your government is falling apart. You need to act fast.
You came to office with a promise to change the way things are done, to give us
a new direction, to heal our wounds, to belong to nobody, to belong to
everybody, to make Nigerians dream again. Mr. President, go back to your
inauguration speech, the speech you delivered so eloquently on May 29, 2015 at
the Eagle Square, Abuja. Read the speech again, word-for-word. Reflect over it.
You renewed our hopes. You made us feel it was the dawn of a new era. It has
become extremely urgent for you to retrace your steps. Tomorrow may be too
late.
Culled from TheScoopNG
OPINION: Let’s not deceive ourselves; Corruption is Winning, by Umar Sa'ad Hassan
By: Bhodemarz on October 30, 2017 / comment : 0 corruption, EFCC, opinions
‘Corruption is fighting
back’.That phrase has long assumed cliché status.As a lot of us have learnt,it
is the easiest way to justify a hypocritical war on corruption. Corruption
isn’t fighting back when Buhari sits on the SGF probe or refuses to look into
how some states are still owing workers 8 months salaries despite bailouts and
huge Paris Club refunds, it is winning.
Over the last
week,we have been treated to one revelation after the other on how an EFCC
fugitive and Former head of the presidential task force on pension reforms
under President Jonathan, Abdulrasheed Maina was recalled to the ministry of
interior affairs. Maina got away right under the Presidency’s nose and its lame
attempt at saving face by ordering his sack wouldn’t buy back even an ounce of
lost integrity.As we watch with keen interest the blame game on who helped the
Attorney-General Of the Federation perpetrate this contemptible act between the
Minister of interior affairs, Abdulrahman Dambazzau and Head of Civil service,
Winifred Oyo-Ita,it is also important questions are asked of the EFCC boss,
Ibrahim Magu. The same Magu who was indicted by the DSS for hobnobbing with
questionable persons and corruption.Where was he and the agency when a person
wanted by them was employed as a director in a ministry?
Just before
Mainagate, the EFCC had approached a court seeking the forfeiture of properties
belonging to an NGO belonging to the former first lady,Dame Patience Jonathan.
Not forgetting it has successfully gotten an order on a 5-storey hotel of hers.
For the umpteenth time,why is the EFCC scared of prosecuting the woman if it
has any compelling evidence against her? Why hasn’t it as much as invited her
for questioning if indeed it is serious about ‘investigations’? Admittedly
though, it would be expecting more than we should of an agency that didn’t do
that after her public claim to ownership of $15m in a bank. The EFCC wound up
being sued by her instead. Add the audacity to her recent claim of witch-hunt
by Magu which was countered by the Presidency and you’ll have to conclude she
not only has the EFCC by the balls but President Buhari too. Maybe she and her
husband know something about Buhari we don’t. President Jonathan was never
questioned about his role in Dasukigate despite being named by the man himself.
In what many
deem a technical foul, the wife of the president, Aisha Buhari slammed the
state house clinic for not having a single syringe. That clinic has received an
average allocation of a billion naira annually over the last 10 years. The
President kept mute and didn’t order an investigation into how a clinic that
couldn’t treat his ear infection with a billion naira budget utilized its
funds.

Considering
she is holding that office contrary to a breach of campaign promise by
President Buhari to Nigerians, one would expect her to thread with some
caution.But sadly,that hasn’t been the case. The woman wore the one of the most
expensive wrist watches at the 72nd United Nations General Assembly in New
York. A £10,000 choppard diamond wrist watch. The biggest lies are ones we tell
to ourselves. Corruption is winning.
We have to
accept that.
Hassan
is a lawyer based in Kano.
Source: The Cable
Buhari’s govt rotten, covered with scandalous Corruption –Fayose
By: Bhodemarz on October 28, 2017 / comment : 0 Buhari, corruption, Fayose, news, politics
The Ekiti State Governor, Ayodele Fayose, has
described the President Muhammadu Buhari-led Federal Government as one that is
rotten and covered with scandalous corruption.
The governor alleged that there was a grand
plot to release another set of Chibok girls to shift the attention of Nigerians
from the various scandals rocking the government.
He added that the claimed recovery of $85m as
part of funds allegedly looted from the Malabu oil deal and conclusion of
negotiation with Switzerland on the return of $321m recovered from the late
Military Head of State, Gen. Muhammad Abacha family were a diversionary tactic.
According to a statement signed by his
Special Assistant on Public Communications and New Media, Lere Olayinka, Fayose
stated this while addressing journalists in Ado Ekiti on Friday.
He said, “When was this $85m recovered? Has
the money been paid into the Federation Account? Didn’t Buhari claim that
Abacha did not steal a penny? They are just trying to divert the attention of
Nigerians as they have always done.
“While the President Muhammadu Buhari-led
government is still being confronted with the ‘Mainagate’ global shame, the
Senator representing the Bauchi Central Senatorial District, Isa Misau,
yesterday, came with yet another bombshell that the Inspector General
of Police, Ibrahim Idris, gave two Sports Utility Vehicles to the wife of the
President, Aisha Buhari.
“Even though the police have said the
vehicles in question were meant for the police personnel in the convoy of the
wife of the President, Nigerians will like to see records of such vehicles
provided for the security personnel of previous First Ladies. Most importantly,
what happened to the promise made by the President not to operate the Office of
the First Lady?
“In the last one month, Nigerians have been
confronted with messy revelations like the fraudulent reinstatement of
Abdullahi Maina, who was declared wanted for corrupt practices by the
International Police Organisation after he was dismissed from office by the
Civil Service Commission in 2013 for allegedly committing N2.1bn pension fraud
while in office.”
Fayose also pointed to the reinstatement of
the former Economic and Financial Crimes Commission Chairman, Ibrahim Lamorde,
who was accused of corruption by the Senate, unceremoniously removed from
office and declared wanted as the Commissioner of Police in charge of the
Special Fraud Unit, Ikoyi, Lagos.
He also pointed to the appointment of Ahmed
Gambo Saleh; the Supreme Court Registrar, who was indicted for fraud as the
Secretary of the National Judicial Council and Secretary of the Corruption and
Financial Crime Cases Trial Monitoring Committee.
He said, “Today, the President’s claim to
integrity is under serious question, with his men dancing naked in the market
square.
“While I await yet another scandal in what
has become a government of one week, one scandal, I ask our President what has
happened to the report of the committee that investigated the $43m discovered
in an apartment at Osbourne Towers, Ikoyi, Lagos?

“Who is the owner of the LEGICO Shopping
Plaza, Ahmadu Bello Way, Victoria Island, Lagos, inside which the EFCC claimed
that it found the N448.8m cash?
“Who brought the five sacks in
which the EFCC claimed it found N49m cash to the Kaduna Airport?
“What happened to the probe panel on the
alleged N500m bribery said to have been paid to the Chief of Staff, Abba Kyari,
by officials of the South African-owned telecommunications company, MTN, with
the intent to influence government to discontinue its heavy stance on the $5bn
fine imposed on the company?”
Source: reubenabati.com
President Buhari Lacks The Power To Fire Abdulrasheed Maina – Jiti Ogunye
By: Bhodemarz on October 24, 2017 / comment : 0 Buhari, corruption, Maina, opinions
While we commend President
Muhammadu Buhari for dousing the anger in the land which emanated from the
surreptitious and scandalous recall, absorption and promotion of Abdulrasheed
Maina as a Director in the Ministry of Interior, we are compelled to ask the
critical question whether the President can lawfully direct the dismissal or
termination of the employment of a civil servant in the Public Service of the
Federation, without following the due process of law.
The facts that we know are
that both the Office of the Head of Service and Dambazzau’ s Ministry of the
Interior have publicly issued statements that Maina was recalled and posted to
the Ministry of Interior. So, we must assume that while Nigerians were totally
unaware, Maina was brought back into this Country and reintegrated in the
Public Service of the Federation. Thus, Maina , before the President’ s
directive ” was in the civil service of the Federation”
Under the law ( Public
Service Rules and Section 11 (1)(b)of the Interpretation Act, Cap I 23, Vol.8,
LFN, 2004,), it is the Federal Civil Service Commission or the Permanent Secretary
or Heads of Extra Ministerial Department as the case may be ( to whom
disciplinary powers are delegated) that have the statutory power to mete
disciplinary actions, including dismissal ( or sack ) to civil servants . In
particular, Rule 04102 of the Public Service Rules provides that ” the power to
dismiss and to exercise disciplinary control over officers in the Federal Civil
Service Commission is vested in the FCSC. This power may be delegated to any
member of the Commission or any officer in the Federal Civil Service ”
But the President has the
power to sack his AGF , the Minister of the Interior and any political
appointee including his Chief of Staff who are reported to have masterminded
and orchestrated the Maina fiasco. So, the President has left those he could
sack and has gone for the head of the one he could not lawfully sack.
It appears to be forlon
hope that the President will move soon against the members of his kitchen
cabinet who are hatching one plot of dent for him after another.
But I can hear people
shout for joy .” Thank goodness that the President has acted; what is rule of
law and due process anyway? What was necessary was for Maina, the weapon of
integrity destruction ( WID) to be defused” .
As we say, borrowing from
the Nigerian parlance, ” end of story”
Nigeria is an interesting
country. Very interesting.
Jiti Ogunye is a Lagos
based Legal Practitioner
Culled from LawyardNG
Maina's Reinstatement: A Classical Example Of Honour Among Thieves -PDP
By: Bhodemarz on October 24, 2017 / comment : 0 corruption, Maina, news, PDP
Peoples
Democratic Party, PDP, has said that the return of the embattled former head of
the Presidential Task Force on Pension Reforms, Abdulrasheed Maina to public
reckoning is a classical case "of honor among theives.”
The
opposition party said ruling All Progressives Congress, APC, could not absolve
itself from the mess generated by the controversial return and promotion of
the civil servant, who is under investigation for alleged diversion of billions
of pension funds.
The
party which said this in a statement by its national publicity secretary, Mr
Dayo Adeyeye, Monday condemned the action.
President
Muhammadu Buhari on Monday directed the immediate dismissal of Maina, who absconded
after being declared wanted for corruption, but was recently reinstated to a
higher post.
But
PDP appears not to be impressed.
“Birds
of a feather flocks together. The party condemns this action of reinstating a
supposed criminal and fugitive, Abdulrasheed Maina to office instead of getting
himarrested.
“All
people of good conscience will not forget in a hurry that Maina, who was given
an assignment by the last PDP administration to superintend the now
defunct Presidential Task Force on Pension Reforms, dipped his hands into the
jar and helped himself to N100 billion of what he was supposed to safeguard.
“With
good conscience at fighting corruption, PDP government then mandated the
anti-corruption agencies to perform their constitutional duty. Maina
fled, only to resurface in the country four months ago under Buhari Administration,”
the party said.
“As
a party of good conscience, we wish to condemn in strongest terms, the penchant
of the administration of President Buhari to giving safe haven to
known criminals while hoodwinking Nigerians that it is fighting corruption,” it
added.
It
called for the arrest and persecution of Maina and ”other criminals like him.”
“While
we are growing fatigued shouting ourselves hoarse in protest against nepotism,
a clear form of corruption under this administration which has been
elevated to state craft, we are appalled that the reinforcement of financial
corruption by this government might soon lead to the demise of this nation if
the Celestial does not intervene.
“We
are worried that the APC Administration seem to have grown thick
skins to constructive criticism; otherwise, no sane government, in spite of the open condemnation
the party has received from Nigerians over its shielding of criminals, will
repeat another one as done in the case of Maina.
“PDP
wishes Nigerians could demand from APC government, the civil service rule it
relied upon in promoting a wanted criminal who had abandoned his duty
post as an Assistant Director, to the position of a Director with all benefits attached.”
It
asked President Buhari to act with dispatch on other corruption allegations
against members of his government.
“Nigerians
have not forgotten in a hurry how the so called corruption fighting Government
of President Buhari refused to allow the law take its course in the graft
allegations involving suspended Secretary to Government of the Federation, SGF
Babachir Lawal and the Director-General of Nigeria Intelligence Agency, NIA,
Ayo Oke.
“The
Government seems to have also buried without shame, the expose by the Minister
of State for Petroleum Resources, Mr Ibe Kachikwu on the illegal award of
contracts running to over $25 billion by Group Managing Director (GMD) of the
Nigerian National Petroleum Corporation (NNPC) who has told the World that he
had the Support of President Buhari in carrying out the heist.
“Though
we know that the APC is like a dead horse immune to any positive prompting; we
however, will not do, but ask that the right thing be done.”
Source: reubenabati.com
Buhari Orders Maina’s Disengagement From The Civil Service, As Osinbajo Orders EFCC To Fish Him Out
By: Bhodemarz on October 23, 2017 / comment : 0 corruption, Maina, news
The tweet read: “PMB orders immediate disengagement of Mr.
Abdulrasheed Maina from service. Asks for a full report on circumstances of his
recall.”
Vice-President
Yemi Osibajo, seen at the Murtala Muhammed Airport on his way out of the country
to Indonesia, reportedly chimed in by ordering the Economic and Financial
Crimes Commission (EFCC) to ensure that the man is fished out.
The
orders arrived after the EFCC declared a manhunt for Mr. Maina following a
Premium Times revelation at the weekend that the former chairman of the
Presidential Task Team on Pension Reforms had been readmitted into the civil
service to head the human resources department of the Interior Ministry.
Before
he chaired the Task Team, Maina had been an assistant director in that
ministry. He was dismissed by the Federal Civil Service Commission in
2013 on the recommendation of the Office of the Head of Service, following a
N100 billion pension fraud scheme he was alleged to have headed and was
subsequently declared wanted by the EFCC.
News of his reinstatement has been received
with tremendous outrage around the country, but SaharaReporters learnt that at
least four core members of President Buhari's kitchen cabinet, including Attorney
General Abubakar Malami, were instrumental to the maneuvers which clearly
demonstrate how the government’s anti-corruption effort has been taken hostage.
Mr. Malami reportedly wrote a "legal advice" asking that
Maina not be prosecuted for corruption, a memo was then taken to Nigeria's
Head of Service, eventually leading to the reinstatement.

The
deal was brokered while Buhari was in the UK attending to his health.
Shortly after
the scandal broke, Vice President Yemi Osinbajo reportedly summoned EFCC
chairman Ibrahim Magu and his Chief of Staff to a meeting at the Lagos airport
on his way to Indonesia and ordered them to fish out Maina and get him arrested
and detained, stating that President Buhari couldn't have been involved in the
scandal.
Apart
from ordering Maina's disengagement from service, President Buhari also
instructed that the circumstances of his reinstatement be
investigated and report forwarded to the office of the Chief of Staff but
Nigerians are widely skeptical that such an investigation will see the light of
day, citing the investigations of former Secretary to the Federal
Government Babachir Lawal and the former Director-General of the Nigeria
Intelligence Agency, Ayo Oke, that were never released to the public or acted
on.
SaharaReporters
learnt that the investigations against Mr. Oke implicated the DG of the
Department of State Services, as Mr. Oke had always warehoused his agency funds
for the Director-General without any official records.
“Buhari’s
anti-corruption orders no longer have any steam,” a commentator told
SaharaReporters today. “You and I know the joke will blow over.
Maina will disappear, and the report of the investigation will be forgotten.”
Source: Sahara reporters
US, UK biggest recipients of looted funds from Nigeria – Expert
By: Bhodemarz on October 23, 2017 / comment : 0 corruption, news, UK, USA
Mr
Mathew Page, former United States intelligence community’s top expert on
Nigeria has said that the U.S. and the United Kingdom are the biggest
recipients of funds looted from Nigeria.
Page,
a senior policymaker at the White House, State Department, Defense Department
for more than a decade, stated this on Friday in Abuja at a roundtable
organised by the Centre for Democracy and Development (CDD), a civil society
organisation.
His submissions were contained in a paper titled, “From Maitama to Mayfair: How International Financial and Property Markets Fuel Corruption in Nigeria’’.
The guest speaker noted that current banking, property and corporate laws in the U.S. and U.K. did not only lack adequate safeguards, but were designed to facilitate illicit financial flows from Nigeria.
“Nigeria’s kleptocrats deftly use both Nigerian banks and the international financial system, especially anonymous shell corporations and offshore tax havens, to launder stolen public funds and stash them overseas, often in the form of high-end real estate in London, Dubai, New York, and California.
“Despite possessing robust discretionary powers, the US and UK rarely deny visas to corrupt officials or report cases of suspected corruption or unexplained wealth back to law enforcement agencies back home.
“The UK is one of a small number of global financial centres that play a key role in processing substantial levels of corrupt capital,’’ he said.
Citing Transparency International, he said an estimated 57 billion pounds was laundered within and through the UK in 2013 alone, representing 3.6 per cent of that year’s national real GDP.
Page, a non-resident fellow with the CDD, described the London property market as highly vulnerable to corrupt wealth flowing into it.
“If Nigerian kleptocrats are unable to visit their properties and spend their illgotten gains in luxury boutiques in London, Dubai, and New York, the incentives for off-shoring them, would likely diminish.
“There is no doubt that the readiness with which the UK, US, and other parts of the international financial system absorb illicit financial outflows from Nigeria compounds the damage corruption inflicts here.
"He added that looted funds stashed overseas by politically-exposed Nigerians
do more damage than those hidden or spent domestically.
According to him, moneys laundered abroad“ put pressure on the Naira, raise property prices in London and are much more difficult for anti-corruption agencies to locate and recover’’.
Page noted that the role played by the international financial and property markets in driving problem in Nigeria was a key aspect of the equation that was lacking in the corruption.
To address the challenge, he made a number of recommendations, including elimination of secrecy jurisdictions to require beneficial ownership disclosure of companies and property.
Page also called for enhanced funding for relevant law enforcement agencies as well as transition to financial independence for them.
The Director of CDD, Ms Idayat Hassan, said the roundtable was one of several contributions by her organisation to the anti-corruption war in the country.
Hassan stated that the forum would produce feasible recommendations on how to prevent off-shoring of stolen wealth in Nigeria.
Source: vanguardngr.com
His submissions were contained in a paper titled, “From Maitama to Mayfair: How International Financial and Property Markets Fuel Corruption in Nigeria’’.
The guest speaker noted that current banking, property and corporate laws in the U.S. and U.K. did not only lack adequate safeguards, but were designed to facilitate illicit financial flows from Nigeria.
“Nigeria’s kleptocrats deftly use both Nigerian banks and the international financial system, especially anonymous shell corporations and offshore tax havens, to launder stolen public funds and stash them overseas, often in the form of high-end real estate in London, Dubai, New York, and California.
“Despite possessing robust discretionary powers, the US and UK rarely deny visas to corrupt officials or report cases of suspected corruption or unexplained wealth back to law enforcement agencies back home.
“The UK is one of a small number of global financial centres that play a key role in processing substantial levels of corrupt capital,’’ he said.
Citing Transparency International, he said an estimated 57 billion pounds was laundered within and through the UK in 2013 alone, representing 3.6 per cent of that year’s national real GDP.
Page, a non-resident fellow with the CDD, described the London property market as highly vulnerable to corrupt wealth flowing into it.
“If Nigerian kleptocrats are unable to visit their properties and spend their illgotten gains in luxury boutiques in London, Dubai, and New York, the incentives for off-shoring them, would likely diminish.
“There is no doubt that the readiness with which the UK, US, and other parts of the international financial system absorb illicit financial outflows from Nigeria compounds the damage corruption inflicts here.

According to him, moneys laundered abroad“ put pressure on the Naira, raise property prices in London and are much more difficult for anti-corruption agencies to locate and recover’’.
Page noted that the role played by the international financial and property markets in driving problem in Nigeria was a key aspect of the equation that was lacking in the corruption.
To address the challenge, he made a number of recommendations, including elimination of secrecy jurisdictions to require beneficial ownership disclosure of companies and property.
Page also called for enhanced funding for relevant law enforcement agencies as well as transition to financial independence for them.
The Director of CDD, Ms Idayat Hassan, said the roundtable was one of several contributions by her organisation to the anti-corruption war in the country.
Hassan stated that the forum would produce feasible recommendations on how to prevent off-shoring of stolen wealth in Nigeria.
Source: vanguardngr.com
OPINION: Corruption Will Not Kill Nigeria, by Timeyin Preston Ideh
By: Bhodemarz on October 18, 2017 / comment : 0 corruption, opinions, StearsBusiness
Nigeria is not lucky
enough to blame corruption for all its problems. That would be too easy. A
country as multidimensional as ours cannot blame every single problem on
corruption. Despite the dominance of the corruption narrative, it is clear that
our obsession with corruption comes at a hefty price, a price we should
consider whether or not is worth paying.
At first, it all seems to make sense, a lot
of sense. 'If Nigeria does not kill corruption, corruption
will kill Nigeria'. This is the basis on
which many successful Nigerian politicians have built their careers. One of the
reasons this corruption narrative works so well is that the polity plays the
perfect muse. Whenever citizens get close to any meaningful conversation about
policy, administration, or the economy, we are reminded to focus on corruption.
It is almost as if nothing else matters but 'anti'-corruption. The smokescreen
it creates is so compelling and distracting that other issues are temporarily halted to focus on
corruption.
This is very unfortunate.
Recently, the Rivers State Governor gave an
interview talking about his state, and inevitably, his predecessor.
Typically, allegations of corruption and looting of state funds dominated the
conversation. This pattern occurs whenever politicians appear in the media.
What is discernable is that there are always enough allegations of corruption to raise in the press that they rarely ever have to
discuss policy or any other meaningful topic.
Our politicians are lucky to live in such a corrupt
country.
The War on Corruption
"You will no longer need to be ashamed to be
Nigerians. Our enemies are the political profiteers, the swindlers, the men in
high and low places that seek bribes and demand ten percent."
If this war on corruption seems familiar, it is
because we have been fighting it since 1966. Anti-corruption was the
justification for the first military coup, in the words of Major Patrick Nzeogwu.
The irony is that most other military leaders who did not offer to 'discipline' Nigeria, offered to wage war
on corruption instead.
Despite the consistent failure rate, we fell for it again
in 2015. Or at least, most of us did. President Buhari rode all the way to Aso
Rock on his promise to fight corruption. He pledged to clean up
the government, eradicate corruption, and tackle insecurity. In retrospect, we
should have focused as much on his economic plans as his anti-corruption
intentions. We are still paying the price for that oversight.
Admittedly, asking Nigerians to focus on economics is
a tall order. Anti-corruption is such a vote-winner with Nigerians that it can
save any political campaign. The secret is to appear less corrupt, or more
determined to fight corruption, than your opponent. Here lies Nigerian
populism. Nigerians will elect a man based on his integrity and the fact that
he does not 'steal'. It simply does not matter what else his manifesto
says because corruption is king.
Unfortunately, the citizens bear the cost of such a one-dimensional
approach. What worsens the situation is that corruption is not a low hanging
fruit. Any politician elected through the traditional Nigerian political
machine will find himself surrounded by corrupt politicians waiting to join him
or stop him. If he genuinely fights corruption,
he will inadvertently fight himself. If he does not fight corruption, he will
still fight himself.
Between the Devil and
the Deep Blue Sea
In fairness, it is not illogical for Nigerians to
think corruption is the only issue that matters.Chatham House estimates
that close to $400 billion was misappropriated from Nigeria’s public accounts
from 1960 to 1999. Illicit financial flows from the country between 2005 and
2014 are estimated to have totalled some $180 billion. Corruption is a big
economic issue, and big issues command big crowds. Big crowds help politicians
win elections. It makes sense.
But the real issue is that we sometimes treat
corruption like it is our only problem. It is just one. It may be the biggest,
but it is just one. In fact, Chinua Achebe hits the nail on the head when he argues that the
average Nigerian is likely to be found at a point in social space with limited
opportunities for corruption as we understand the word. Even with the spread of
petty corruption and a penchant for graft in nearly all facets of Nigerian life, the dominant,
and arguably most harmful kind of corruption is in public affairs. This kind of
corruption requires power, the type of power that the average Nigerian does not
possess.
So how should Nigerians assess corruption in public
affairs?

This is not to say that Nigerians should forget all
about anti-corruption. That is not the point. Fighting corruption will and
should always be a part of any meaningful plan to make Nigeria 'great'. But we
cannot continue to focus on corruption at the expense of other significant
issues. We have tried this sole focus on corruption long enough. It has not
worked. So why not pivot? After all, 'if you always do what you’ve always done,
you’ll always get what you’ve always got'.
Follow the writter on Twitter @TimeyinPI.
Original piece via StearsBusiness
Subscribe to:
Posts (Atom)
Featured post
The untold story of Kaduna teachers’ competency test by Isah Abbas Ahmed
Recently, Kaduna State Governor was quoted saying about 21,780 out of 33,000 Kaduna State teachers failed primary four test conducted by ...

Popular Post
-
Former Lagos State governor and National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu has said that there is urgent...
-
Radio Biafra stunned its audience on Tuesday when the new leader of the proscribed Indigenous People of Biafra, IPOB, Ezenachukwu Okwudil...
-
Two years ago, I came across a comic story on facebook and it really cracked me up. The tale was about Nigerians being their own governme...
-
United States Government has said it does not consider Indigenous People of Biafra a terrorist organisation. Last week, the Federal Hig...
-
“I would like to be realistic to say a few words concerning health delivery system in Nigeria. It is very poor, sorry to say that. I am h...
Labels
news
opinions
politics
Buhari
Nigeria
finance
Biafra
IPOB
boko haram
Anti-corruption
Nnamdi Kanu
2019 election
corruption
history
Health
NNPC
osinbajo
economy
education
CBN
Goodluck Jonathan
debt
tech
EFCC
Agric
Baru
Police
2018 Budget
DMO
El-rufai
Maina
hate speech
independence
APC
Atiku
Fashola
Restructuring
north-east
Ibe Kachikwu
NPA
Nigerian military
Olusegun Adeniyi
Power
Quartz Africa
Recession
Fayose
Kemi Adeosun
presidency
security
#MainaGate
CAN
INEC
Malami
Nigeria Army
Reuben abati
SGF
Sukuk
UN
World Bank
Bolaji Abdullahi
CJN
Chibok-girls
Kaduna teachers
Nigerian Army
Ogbeh
PDP
Restructure
Tinubu
UNGA
customs
pendulum
sports
#EaseBizNG
Aisha Buhari
Arewa
FRSC
Femi Adesina
Femi Falana
Fintech
IDPs
Igbo
Italy
Jiti Ogunye
Judiciary
Kachikwu
Magu
Medical vacation
Monkey Pox
NBC
NEITI
National Assembly
Nigeria Airways
Obasanjo
Okorocha
Poverty
Python Dance
Sagay
Senate
South East
Tax Holiday
VAIDS
garba shehu
interviews
kaduna
kidnapping
migrant
oil
resume
seized arms
sick
social media
special courts
vacation
#NotTooYoungtoRun
ASUU
Akwa Ibom
Alex Ekwueme
Amnesty International
Artificial Intelligence
AsoVilla clinic
Aviation
Ayo Salami
BVN
Bonds
BudgIT
Buharist
Charlyboy
Codeine
Diezani
Emefiele
FEC
Forex
GDP
Governors
Gowon
IMF
Intels
MPC
MTEF
Muhammadu Buhari
NBS
NJC
NSCIA
Nigerians
Oby Ezekwesili
Ojukwu
Osun
Pius Adesanmi
SERAP
Sallah
Saraki
Shehu Sani
Stears Business
StearsBusiness
Stella Oduah
Super Eagles
TSA
Terrorist organisation
Toll Gate
UK
US Embassy
ads
aso rock
cabal
dollars
election
jonathan
lagos
medical tourism
military
muslim
naira devaluation
premium times
president
rat
religion
resign
school feeding programme
simon kolawole
states
terrorism
tourism
trump
unity
#DasukiGate
#NGOBill
#OduahGate
#State of States
2015 election
2019
3SC
APGA
Abike Dabiri
Accidents
Adebola Williams
Adewole
Adoke
AfDB
Africa
Agbakoba
Agca Love
Agribusiness
Airforce
Airport concession
Aishah Ahmad
Ajimobi
Akeredolu
Akpabio
Alison Maduake
Allah
Aluko
Amaechi
Amamgbo
Ambode
Amina Mohammed
Amosun
Anambra Election
Area fada
Aregbesola
Arewa Initiative
Army
Asaba Massacre
Atikulation
Awolowo
BBOG
Bama
Benue flood
Bishop Kukah
Bitcoin
Borno state
Britain
British American Tobacco
Buharimeter
CITES
CRUTECH
Catalan
Charles Ogbu
Chevron
Chidi Odinkalu
Christianise
Collins Nweze
Coscharis
Cryptocurrency
Cyber crime act
D8 summit
DG
Dambazzau
Danbatta
Dangote
Defence
Dino Recall
Doctors
Drug Abuse
ECOWAS
ECOWAS Single currency
EIE
EITI
Economic Agenda
Eid-el-Kabir
Ekiti
Elon Musk
Ethnic Cleansing
Ethnic crisis
Ethnic pride
FAAC
FG
FIRS
FTASummit
Falana
Fela
Festus keyamo
Feyi Fawehinmi
Ford
Free Speech
Fulani
Garba Kamba
Ghost workers
Globalization
Governance
Grassroot development
Hameed Ali
Hausa
Herdsmen
Hope uzodinma
ICT
IG
IGP
ISIS
ITU
Identity holiday
Ikpeazu
Imo
Islamise
Italy Migrants
JOHESU
Jamb
Jega
Ken Saro-Wiwa
LG
Lai Mohammed
Lake rice
Leadership
Libya
London
Louis odion
Luxury tax
MKO Abiola
Mambilla
Mandela
Mark Zuckerberg
Micheal Ace
Mike Ozekhome
Ministers
Mo Ibrahim Foundation
Mohammed Tunga
Morocco
Muazu Adamu
Mubi
NAF
NASS
NBCNigeria
NCC
NCDC
NERDC
NES
NFF
NGF
NGO bill
NHIS
NIA
NIBSS
NOA
NSE
National Airline
Nuclear Treaty
Nuclear plant
OIC
OPEC
Obama Summit
Obituary
Ogoni
Oil and gas
Oil asset
Ola sunday
Omokore
Oyo state
PPP
PPPRA
Paris Club refund
Patience Jonathan
Peregrino brimah
Plateau killings
Pope John Paul
Rats
Recovered loot
Refineries
Rivers massacre
Rohr
Russia
Russia 2018
SDG
SMEs
SPN
SSANU
Self-sabotage
Seun Onigbinde
Shekarau
Shettima
South Africa
Southern Governors forum
Strike
Sule Lamido
Sultan
TUC
Taiwo Odukoya
Terrorist
Thailand
The Economist
The Fountain of Life Church
ThriveAgric
Tony Elumelu
True federalism
Tunde Bakare
UAE
UCH
UNHCR
UNICEF
USA
WAEC
War
Winter Olympics
Workers’ Salary
YNAG
Yar'Adua
Yerima
Yoruba
Zahra Buhari
Zamfara Bandits
Zuma statue
adeboye adegoke
airport
ayisha osori
azuka onwuka
balarabe Musa
blockchain
bombs
bornochild
budget
cashless
christian
citizens
civil war
climate change
crime
egina
empowerment
federal roads
france
freedom of speech
fuel subsidy
government
hadiza bala usman
hailers
housing
ify aniebo
inequality
ishiekwene
jobseekers
kudi.ai
malabu deal
male fertility
mayowa tijani
mineral resources
museum
music
muslims
negotiable
nonso robert attah
off-grid
oil cut
olonisakin
out of school children
peace
plane crash
political party
politicians
population
presidential broadcast
prison
promotion
public holiday
return
revenue
rights
rosewood
senator
sivk
sokoto
sorghum
sponsored
suicide
tambuwal
trial
uber
university
utme
visit
wailers
welcome
welcome back
yomi fawehinmi