Category: Tuesday

  • The morning after

    The morning after

    After the campaign for the General Election closed, I woke up every morning with one question on my mind:  Have they procured a rogue judge to issue a midnight injunction restraining the Independent National Electoral Commission and its agents from proceeding with the polls scheduled to start on February 25?

    But the question did not just sit on my mind.  I put it to colleagues and associates and persons in the attentive audience who share my concern about the parallels between the runup to the June 12, 1993, presidential election, and the one about to be staged.

    No, or not yet, were their responses, right up to Election Day.

    The morning after, my question was a slight variation on the theme:  Have they procured a judge to issue an injunction restraining INEC and its agents from announcing the results or anything purporting to be the results of the election?

    Again, the responses were, no, or not yet.

    I will ask that question every day until the election results are declared.  For, between this writing and then, anything can still happen.

    In the closing stages of military president Ibrahim Babangida’s transition, even the most unyielding skeptics, among whom I counted myself, thought that, at his most desperate, he could only put off the election.  We rested easy thereafter.

    None of us ever thought that the election, the finest Nigerians had ever witnessed, would be annulled.  Babangida had reserved unto himself the authority to disqualify any aspirant before, during, and after the election, but we never thought that he would avail himself of the last option.  But annul it he did.  And a great many who had voted in the poll cheered on. 

    This being a  country where nothing is impossible, one must remain resolute in the belief that nothing is over it is really over.

    People:  The election is not over until the winner takes office.

    That much is now clear from all the skirmishing over the delayed declaration of the outcome. The official position is that nothing about the outcome is over until INEC says it is over.

    So, why all the pitter-patter about “collating” returns  Why the delay in releasing them?

    They say the resident election commissioners are in transit from the state capitals to Abuja for the conclave at which they will be asked in full public view to proclaim the outcome in their domain. If that is indeed the case, why did INEC frontload the results from Ekiti State?

    -In this mechatronic age, why should the physical presence of resident commissioners be  required in Abuja just to announce election results?  What if they are kidnapped en route?   

    Stragglers of the anti-June 12 brigade and their retinue of shysters, are latching to what seems to be a lacuna in the poorly-drafted 1999 Constitution to insist that, in addition to winning a majority of the votes cast and securing at least 25 percent of the votes in two-thirds of the 36  states and Abuja Federal Capital Territory,  a presidential candidate cannot succeed without winning a plurality in the FCT.

    This cannot be the intendment of the appropriate clause in the Constitution.  For it would mean that the votes of Abuja residents carry greater weight than the votes of other Nigerians, in effect giving them a veto.  It would set at nought the Constitution’s equal-protection clause.

    But this shibboleth might be only the opening gambit of the stragglers.  They are a pertinacious breed.

    It is a constant cause of lamentation among many Nigerians living abroad that they cannot vote in elections back home.  But that circumstance is not as disabling or handicapping as it might seem at first blush.  For they participate in the elections in every way just short of

    Like the folks back home, they follow the twists and turns of the transition keenly.  They comb the internet for scraps of information relating to the elections, but not always with the nice sense of discrimination that one must bring to material from that provenance.

    I have before me one such material that was doing the rounds on the eve of the presidential election.   The source identified himself only as a pastor,  and here is his message to fellow Christians:

    Nigeria had been a member of the Organization of Islamic Community – he couldn’t even get the name of the body right – for eight unbroken years, with a Muslim president in the saddle. To qualify for all the rights and privileges, Nigeria had to have had ten years of continuous rule by a Muslim head of state.

    It needed two more years of rule by a Muslim to enjoy full membership.

    The design, the pastor claimed, was to ensure that the leading presidential candidates were all Muslims, so that, whoever won the race would serve out the two years needed for Nigeria to qualify as a full member of the OIC. 

    For that privilege, however, Nigeria would have to pay an annual subscription.  A certain percentage of the national cabinet (and presumably high-ranking offices) would have to be assigned to Muslims.

    So that, when Buhari displayed time and again a craven partiality for Muslims in making federal appointments, he was merely executing the OIC’s plan for Nigeria.

    They never reckoned with the coming of Peter Gregory Obi and the massive following he generated across the country.

    God has given Christians the privilege to see through the scheme.  It is therefore “mandatory” and “a service to God” to ensure that President Buhari is not succeeded by a Muslim.

    If that were to happen, your children would be barred from certain schools.  And you would be barred from holding certain positions.  Christians must not allow that to happen

    God told the children that had given the land of Canaan to them, but that they had to fight for it.  All (Christians) must come out to vote for Obi.  They should mount a door-to-door campaign to convince every single friend to vote for Obi.

    This was no Sermon on the Mount, but a summons to hatred and bigotry – in the name of God.  It would be hard to find a more revolting example of the weaponization of religion.

    Obi qualified on all counts to run for President.  He never presented himself as a Christian candidate, only as a reconditioned trader who would “move the country consumption to production.”   Why did the pastor insinuate God into his pet desires and press his audience to embrace them as a sacred duty?

    He was preying on the innocence of his audience with his fact-free harangue.  The clauses cited with such contrived earnestness are nowhere to be found in the OIC’s charter.  He could not even state the organization’s name correctly.  Nigeria acceded to OIC membership  more than 30 years ago, in the Babangida era

    But how many in the attentive audience would take the trouble to check out his claims or challenge him if they found out or knew that he was faking it?

    As I end this piece to meet my deadline, INEC has not yet announced the final outcome.  But certain trends are clear.  Religion was in big play.  So was ethnic identity, which cuts across all groups with its contents and discontents but is much stronger in some than in others.  Instead of savouring their gains, some are demanding that the elections be cancelled.

    Judging by the provocative reactions to the results declared so far in an election advertised as the most consequential in the nation’s history, and the revanchist tenor pervading them, the question is already being asked:  Is this the new dawn the election was supposed to preface?

  • The morning after

    The morning after

    Days after the presidential and the National Assembly elections, there is, as one might expect, just as many gloating out there as there is gnashing of teeth going on. And this is even at a time when the results still abode in the province of speculation. Talk of a long night; the rumour mill has been busy as much as their kith in crime – the hyper-active, fake-news-prone social media industry have practically taken to the overdrive – churning out, as one might imagine, results generated from wherever.

    It’s been a hell of a waiting time.

    If one expected the day after the election, which is a sacred day of worship to help calm the nerves, things actually turned the opposite direction. After weeks of not-exactly-silent bickering by those who conflate their partisan preferences for the Divine Will, it was not surprisingly; time to launch into the next phase: featuring the most heinous rationalisation from the same palace theologians who not only claim monopoly of the heavenly wisdom but say they are able to tap on the celestial hotlines on the go! Whether they will allow the rest of the orderly society to have peace in the event of their prophecy (?) missing the mark remains to be seen! In any event, there will still be time to make amends for those fatal misses, if only to assuage their gullible, hyper-forgiving flocks who took their gibberish seriously!

    What about the throng who believes that their beloved candidate is incapable of losing in a free and fair election? The only declaration that would please them is to hear their man pronounced winner – irrespective of what the rules say and even when their candidate’s pathway to the presidency only exists in realm of fantasy! I believe the rest of the orderly society have a duty tom pay attention to the silent rumbling of the atavistic club already notorious for their aversion for civil political discourse. Remember EndSARS and its disgraceful aftermath? The country deserves some calm from their quarters after the dreadful storm of the past weeks.

    And where are we? Monday night, some of the results as indeed the lessons from them have continued to trail in. Surprises? Not exactly at this point; at least as far as what is already declared is concerned. Perhaps in a few instances – may be; over all, the election could be said to be as competitive as could be in the circumstance. We know who is leading and those whose mission is – to use the Gen-Z lingo – to catch cruise is all but completed.

    To be sure, the lessons are instructive for those willing to learn, something leading parties in particular – notably the All Progressives Congress (APC) and the Peoples Democratic Party can afford to ignore at their peril. One refers to the old paradigm of party outreach, mobilisation and organisation; the imperative of new tools and mechanisms for party engagements. There will certainly be a lot to say on this and much more in the coming days/weeks.

    The politicians and their notoriety for crass delinquency are of course a different matter. Will they ever learn? Surely, the signs are ominous.  Trust the tribe to find any avenue, no matter how ludicrous to seek to throw the spanners into the wheel of progress particularly when things appear not to be going their way. They are back to their old ways.

    Imagine, what began as an ordinarily simple observation by the PDP representative, the erratic Dino Melaye, about the so-called failure of the Independent National Electoral Commission (INEC) to upload the results as captured by the Bimodal Voter Accreditation System (BIVAS) in the 174,000-odd polling booths would suddenly become the ratio for seeking to abort an entire result collation process. To do this, the party had to literally browbeat some fringe parties to follow its ignoble steps, and failing to force the hand of INEC to do its bidding, resort to an Orubebe-like theatrical which climaxed in the walkout on the collation process.

    Does it really matter that some 66,000 (38 percent) of the results had, at that point time, been uploaded on the INEC website? Or that the process was still on-going? Or the copious assurances by the INEC chairman, Professor Mahmood Yakubu that the results being presented to INEC were those whose hard copies had not only been authenticated by the parties at the polling unit levels but were also in the custody of the parties themselves? And what about the remedies availed to the parties to challenge the outcomes?

    Delinquency must come with great rewards else the likes of Dino Melaye would not be found in decent company. In any case, it’s been said that ours is a democracy without democrats. In 2015, it was a man called Peter Godsday Orubebe; in 2023, it is one Dino Melaye. Same party; same plot, same outcome – a doomed venture. Yes, Nigerians are wiser!

    And now, the latest information is that the Labour Party also wants the process halted or better still, the entire process aborted wholesale! And who else is this coming from other than Akin Osuntokun, the director general of the party’s Presidential Campaign Council (PCC)? Interesting times ahead, you say?

    Talk of the delinquency of the political class being barely tolerable; how about a section of the media and their civil society allies, almost simultaneously, going to town with choreographed talking points ostensibly to de-legitimise the process that the world saw online and in real time?

    And this at a time most Nigerians already had, with perhaps the exception of that irrepressible club of losers, a fair idea of the outcomes.

    To be sure, no system is perfect. Not even the United States where we borrowed this presidential system. In any case, neither the constitution nor the Electoral Act demand perfection; what it prescribes is substantial compliance with all applicable laws governing the process. Considering that the process is not yet completed, it seems early in the day to judge INEC any fairly. In the meantime, PDP, Labour Party and their media enablers should calm down.

  • Between critical and adversarial journalism

    Between critical and adversarial journalism

    Every election has its unique dynamics, never the same with the previous one.  

    But the media that should track and dutifully guide voters on these changes have remained more or less static, many times chasing inanities, while the real issues beg for attention.

    By its lax tracking, the Nigerian media systemically under-develops Nigerian democracy, though it huffs and puffs as its loud guardian: the all-mighty fourth estate, that could do and undo!

    This scandalous abandonment of sacred duty has made elections that should ordinarily be clear cut, in stark choices, to become needlessly blurred.  

    That condemns the voter to poor choice, often fired by gushing emotions.  But the same fourth estate that sets up this debacle is the first to bawl and whine that things aren’t going well — and this dire judgment, most times, suffused with raw passion instead of clinical reason.

    The Nigerian media appears resigned to the easy way out: empty thundering in pursuit of showy advocacy, instead of quiet, lonely and rigorous thinking to proffer hard solutions.

    By the way the February 25 presidential election is panning out with quite some stunning upsets.  

    In Lagos, Peter Obi and his Labour Party (LP) triumphed, thanks to many precincts with heavy Igbo population; laced with some “youths”, emotive at the best of times, fated to racing to hasty conclusions without thinking hard and through.

    That led to some maniacal triumphalism along stark ethnic lines.  

    Still, if you must bury PDP — and that was what LP votes did in Lagos for Abubakar Atiku and his party — must you replace it with Obi who, running on LP platform, was fakery through and through?

    That brings the discourse back to the media and lax tracking.

    Candidate Muhammadu Buhari won in 2015 exuding integrity, when the PDP years had been nothing but rot and maggots; and Olusegun Obasanjo’s party had pawned our collective heirloom to a wild and greedy few, even if PMB was his gruff old self.

    But his transparent honesty and bewitching simplicity stepped in to save his endangered co-elite, giving them a rare chance to reboot and find a new path.  

    By his government’s far better programme conception and far more verifiable project implementation, spread to every part of the country, he tried his best to yet save his stiff-necked power elite.

    But how did his political adversaries take this offer of “new life”?  

    The South East dominant power elite, who lost out in the 2015 sweepstakes, weaponized their plum loss to rile their masses into blind “Fulani” hate — with swashbuckling ethnic arrogance and condescension to boot!  

    That ironically came to plague Obi in his bold run, with his generally poor showing in the North, at least from available results so far.  He did well though in the some Christian-dominated areas of southern Kaduna.

    Baba Ayo Adebanjo and his tendencies, leading a plank of the fractious Yoruba progressives phalanx, exploited Awolowo-era Yoruba-North antipathy to bake Bola Tinubu in dry hate, among his own folks.  His crime?  Paving the way for PMB, the alleged latest face of blind Fulani hegemony!

    But as Fulani hate gave IPOB the vim to bury the Igbo in self-assured destruction in wanton Igbo-on-Igbo violence, Yorubaland barely dodged the bullet in the Yoruba Nation campaign, which threw up some virtual dregs, pontificating to the cream, all fired by ethnic rage.

    Baba Adebanjo, for continued relevance, continues to thrust his relationship with the great Chief Obafemi Awolowo as willy-nilly, must-earn tribute.  

    But running from pillar to post in three presidential elections — 2015: Jonathan, 2019: Atiku, 2023: Obi — Baba hangs in there.  Unlike the old Titans, he simply lacks the grace to concede to the Olympians, as the graceful change of guards went in Greek mythology.

    Instead of the media to faithfully report all these excitements but put them in clear perspectives to guide the reader, many segments just jumped into the fray, amplifying the din.

    In that dreadful screech, strides the taciturn PMB made, in renascent agriculture and transformative infrastructure, were blissful ignorance to an electorate gorged silly on the bogey of PMB as the latest Fulani gargoyle in town!

    Which is why an Obi would emerge from the blue and remake himself “youth champion” (even if he didn’t articulate any logical way to put his beloved “youths” out of their misery); or a flat Atiku peddling old fumbling of the PDP era (that catapulted Nigeria into these current challenges) as fresh magic cures.

    Still, imagine if the media had put the PMB 2015 win in correct perspectives?  Imagine if they had followed that up with the lesson of the 2019 win, which a foreign newspaper even explained to an endorsement of and reward for trust-worthiness?

    Imagine tracking and dutifully linking renewed infrastructure as boon for personal economies, and going ahead to do factual stories to elicit these new realities — not as propaganda for anyone but as sacred duty to correctly inform the population?

    After doing all of these, also imagine the media clinically x-raying PMB government’s power policies (the critical area of infrastructure which PMB has not really done well, beyond improvements in some elite segment of the power market) and suggesting reasonable and realistic ways forward?

    By doing all that, well before the election season, without prejudice to partisan preferences, the voter would have known the progress (or retrogress) between 2015 and now — again as sacred, fact-led, surveillance duty, not captive to any partisan pandering.

    Wouldn’t the voter then have been well informed to make rational choices, and not fall victim to election-season shamans, who after scamming the electorate with sweet nothings, leave them in the lurch and set them on another bout of wailing and near-hopelessness in the next four years?

    From the earliest days of Lagos Weekly Record and Lagos Standard (that pair bossed the Lagos newspaper scene from 1900 and 1920), to Herbert Macaulay’s Lagos Daily News (founded 1925) that took no prisoners in its continuous agitation and Zik’s thundering West African Pilot (launched in 1937), adversarial journalism has become, for many Nigerian newspapers, the unfazed gold standard.

    While that stood Nigeria well during the colonial times and the best-forgotten military era, it’s hardly a winning model for a democracy trying to find its feet, without prejudice to the media’s sacred duty to call to account the ruling order.

    It’s time to evolve into developmental journalism.  It is never mutually exclusive to critical journalism.  Rather, both can reinforce each other, if the media master their craft.

  • Pathfinder

    Pathfinder

    In two days, precisely February 26, 2023, Nigerians will elect the country’s next president alongside other public officers – in a free and fair election perhaps. Of the top contenders, however, Bola Ahmed Tinubu (BAT), is the candidate to beat.

    En route to the polls, the two-time governor of Lagos unfurls to manifest incarnations. Ornamented in self-creation, he suffers the muse of manic re-creators. He is the punching bag of every virulent critic and hatchet writer on the payroll of his frantic rivals.

    Yet his mettle attains the radiance of rebirth, like the proverbial patriot sculpted of spunk and spittle. In the flora of imagination, he is a hero, a villain, a mentor, and a political godfather. He is a father, a husband, a brother, an uncle, and a grandfather. He is also a patriot. A human.

    In the estimation of friends and foes, the heart of his story is redacted and recast. Everybody defends or maligns Tinubu as politics and circumstances dictate – if this isn’t expedient belly magic, what is?

    We have seen recipients of his benefactive politics hurl caution to the wind and pay it forward with malice. Some mutate as foes. “This must be witchcraft if not juju,” the acerbic millennial and Generation Z prowling Twitter would say.

    Amid the clashing contrarieties triggered by his presidential ambition, only Tinubu’s deeds could validate him or otherwise.

    Unlike the other candidates, he endures a complicated backstory pitted with intrigues, mindless vilification, and infidelity of his associates.

    He is the general who suffered a mutiny of sorts by his most trusted lieutenants, not for his lack of leadership skills, but for his ennobling generosity, overwhelming presence, and humaneness.

    Some protege challenged him to the All Progressives Congress (APC)’s presidential ticket, goaded by a devious, self-seeking cabal, the inconsequential support of a rabid religious mob and the dubious prophesies of fortune seekers on the pulpit, itching to become the power(s) behind the presidential throne.

    Alas! They watched their sanctified puppet bite the dust. The latter suffered a dismal outing at the APC primaries. But Tinubu again showed up, extending an olive branch to the fiendish, perfidious character alongside his other rivals thus asserting his depth as a tolerant, astute statesman; a benevolent leader, and a guardian of men.

    In politics, Tinubu flaunts a quintessential stone architecture, but the random troll wanted him to give it up for the use of a wily, lesser protege, who played ‘hide and seek’ with his presidential fantasy thus projecting himself as earthen ovule, manhood as quivering scorched egg.

    Facts don’t care about anyone’s feelings. The truth sprouts free of “stomach infrastructure.” Of the 2023 presidential aspirants, Asiwaju leads in stature and by his exploits. Nonetheless, he’s frantically dismissed as infirm by parties threatened by his virtuosity and apparent bone strut.

    He is the general who suffered attrition of his trusted commanders, only to enjoy the unflinching support of his once fierce adversaries. Perhaps because the latter saw the statesman and titan in him.

    There is no gainsaying Tinubu vies for the presidency in dire times. He must appreciate this moment for what it’s worth when the neurotic tick-tock of midnight silences our whispers of dawn.

    He vies amid our self-inflicted tragedies: terrorism, comatose oil refineries, substandard health and education, corporate banditry, and Yahoo Plus pandemic, to mention a few.

    He vies while secret and open fiends contrive a fuel shortage and an ill-conceived currency design and naira scarcity thus impoverishing large segments of the electorate – hoping they would crucify Tinubu and the APC.

    It’s that delicate. Tinubu encounters enemies within and outside his own party. Many plots and tales about him suffer enormous exclusions. In the foundry of political imagery, so much is excluded from Tinubu’s bust that we can feel his silhouette straining against the charged atmosphere, in combat with arbitrary sculpting.

    Having bestrode the political scene, like a colossus for three decades, grooming leaders, his politics culminate in pursuit of his presidential ambition. Tinubu banks on his experience in public and private business sectors to improve Nigeria’s fortune.

    His politics assumes tactical elegance even as his sportsmanship is made more concrete through upheavals. Ultimately, he is elevated or “reduced” to his essence. He is a blessing to those who truly know him and a role model to his closet and open detractors.

    His traducers employ the same tired gimmicks, the same choreographed moves; this pantomime of coordinated hatred subsists in the political arena against his candidacy – within and outside an APC-led government.

    Still, they haven’t the higher calibre of men capable of besting him to the nation’s most coveted seat, in a free and fair election.

    To serial contender, People’s Democratic Party’s Atiku Abubakar, and the so-called cabal, who are fearful of a Tinubu-led government, this election is a do-or-die affair. But to Labour Party’s Peter Obi, it’s simply a means to feed his lean repute and cash out.

    To the electorate, the 2023 polls become a stylized ritual. Thus every vote cast may assume a public expression of pain and a fervent longing for revenge.

    The lurid and detailed sagas behind each voter’s choice rather than the call of citizenship duty, are what drives each voter to a frenzy, for or against a preferred candidate.

    Yet the most powerful saga today, the most searing narrative across Nigeria is one of financial ruin, desperation, and enslavement. It depicts the impoverishment of the unemployed, of a frightened abused working class by a heartless political class.

    For many, Saturday’s election offers a fleeting reprieve, a comforting illusion of control, that they are able to rise above their small stations in life and engage in a heroic battle to fight back.

    And despite the clamour for a younger candidate by segments of Nigeria’s youths, none of their whispered alternatives is in his youth. None has shown the intellectual rigour, emotional maturity, stamina, discipline, native intelligence, and character displayed by Asiwaju.

    Tinubu is ritualized personality, a streamlined pond, and a totem for sloganeering. He is detestable to his foes yet excitingly speckless to loyalists. The former is committed to thwarting him, knowing their preferred candidate’s perfection is chiefly for display, not exploitable. He can only tickle their fancy from his social media balcony – his window of appearance.

    If all politics thrive by a window of appearance, Tinubu’s face is the sun of consciousness rising over his professed horizon. To his rivals and detractors, Tinubu is both exposed and enclosed, a torment and an idol. He is naked yet armoured, vilified yet ritually adored.

    Thus he must understand if, for instance, his democratic credentials are radically questioned by news media notorious for their tyrant disposition to staff, institutionalized bigotry, and double standards.

    He must appreciate too why he must soak it all in like a garbage dump, knowing it’s a prerequisite for a patriot seeking to serve Nigerians of vast bigotries, intellect, and stripes. He must respond in truth, patience, competence, understanding, and love.

    He must understand that his most bitter critics are essential to his pirouette to greater significance. If the presidency is divinely penned in his Qadar, no force in the world could thwart him.

    Of all his names, it is easy to fall in love with his oriki, Akanbi. An Akanbi is an Akanda Eda (inured to the odds, or forged to triumph through tumult).

    Nigeria is in a state of war, a frigid blank zone under siege. It would take an Akanbi to liberate her.

  • Mai Gaskiya:  The unmaking of a myth

    Mai Gaskiya: The unmaking of a myth

    To millions of adoring followers in the core North, he was Mai Gaskiya, the truthful or honest one.   His sincerity, his integrity, his forthrightness and his honesty of purpose, were beyond questioning.  His word was as good as money in the bureau de mallam, and damn all those syndicated rackets that pass for legacy and new-generation banks.  His asceticism sealed the deal.

    This perception of General Muhammadu Buhari was not shared in the South, however; where he was largely regarded as a dour, closet jihadist, and where memories of his brutal rule as military head of state from January 1984 through August 1985 still rankled.  Nor was his conversion to Democrat seen as more than skin-deep.

    His massive following in the core North could not propel him to victory in three back-to-back presidential elections over grudging, patchy support in the South.

    In 2015, Buhari decided to run for president again, for the fourth time.  Citing Buhari’s unflattering record on human rights, Nobel Laureate Wole Soyinka stood implacably against the quest, as he had done in Buhari’s previous bids.

    As Buhari campaign to supplant the clueless Dr Goodluck Jonathan trudged on, one of its key strategists, later Buhari’s Chief of Staff, Abba Kyari, called me.  What could the Campaign do to take some of the edge off Soyinka’s devastating critique of Buhari’s record?

    I suggested that they schedule a campaign tour that would include paying a courtesy call on the Nobelist at his home.  A picture of Soyinka welcoming Buhari and his cohorts to his Ijegba Forest home, it seemed to me, would be a priceless asset to the Campaign, even if the visit did not result in a formal endorsement.

    Abba Kyari was ecstatic, and so was Garba Shehu, the Campaign’s director of publicity. They asked whether I could bring the matter up with Soyinka.  I thought Asiwaju Bola Tinubu, was better placed to arrange the visit, but amidst the innumerable issues crying out for his immediate attention, he asked me to handle the matter.

    I sent an email to the Nobelist outlining the proposal and asking whether he would be willing to accord Buhari and his team a welcome, at a date and place of his choosing.  The reception, I said,  would not be construed as an endorsement.

    He replied, saying he was not sure it would serve any useful purpose, but that Buhari and his team were free to visit.  They would have to propose an itinerary very soon, however, so that he could fit it into his busy international travel schedule.

    The Buhari Campaign did not move quickly on the matter, and in retrospect did not avail itself of the opportunity.

    But here is the really significant thing about my story.  A few days after our correspondence, Soyinka issued a statement that presented Buhari in a much softer hue.  Buhari., he said, must have a purpose in running for president for the fourth time.  That purpose could well be self-redemption, an atonement for the missteps of his previous coming, a chance to chalk up a more wholesome legacy.

    This was the closest thing to a formal endorsement, and it loosened the chokehold that Soyinka had placed on Buhari’s candidacy at home and abroad.  He won a landslide victory on the platform of the APC, a coalition of parties claiming to subscribe to various aspects of the progressive agenda.

    Some eight years later, in the twilight of his two-term tenure, Buhari is enmeshed in a legacy of dissembling and working up a legacy bereft of piety and empathy.  The myth of the Mai Gaskiya has been shattered.

    Cracks opened up on the myth right from Buhari’s Inaugural Address when he declared that he was for “no one” but was “for everyone.”  Constancy, keeping faith with those who had made enormous sacrifices to get him elected was no longer a core value in the ideology of Mai Gaskiya.

    Key appointments went for the most part to persons whose contributions to Buhari’s presidential bid were marginal at best.  As if to spite the very elements who had enabled his ascendancy, he stood by while rogue elements in the ruling party grabbed by stealth and deception, the post of Senate President, the third highest in the national order of precedence, with help from the disloyal Opposition.

    The arrangement diluted the President’s power and influence, but it suited him, since, more importantly, it virtually neutered the National Leader of the APC.  His dilatoriness allowed farmer-herder clashes across the country to fester.  He was not the hands-on chief executive Nigerians thought they had voted into office and power.  Rather, a Svengali and his acolytes exercised power with their accustomed deviousness and disregard for consequences.

    The myth of the Mai Gaskiya took a severe pounding in the presidential primaries, as Buhari seemed to be for everyone except the front-runner, the party’s most formidable figure and its greatest electoral asset.

    And so, they dredged up Godwin Emefiele, governor of the Central Bank, a technocrat with no political base or assets, and pressed him into the race for the APC’s presidential ticket, without his having to stand down from his post.  They even contemplated calling Goodluck Jonathan out of retirement to run for president, his contemptible record notwithstanding.

    Anyone but the front-runner.

    Irony of ironies, it was when they commissioned Emefiele to re-design, print, and issue new banknotes to replace those being withdrawn from circulation that the myth of the Mai Gaskiya finally unraveled.

    -If the concept was unexceptionable, the timing was suspect, the messaging was inept, and the execution was abysmal. The time frame for the changeover was impossibly short.

    It plunged Nigerians into unspeakable misery.  Ordinary citizens could not draw on their bank deposits to meet their daily needs.  The new banknotes that were supposed to be released existed only in Emefiele’s media briefings and in the CBN’s press releases and tweets.

    The banking infrastructure could not handle the crush that followed. In vast swathes of the country, there was no banking infrastructure to speak of.   In the absence of cash, barter became the system of exchange.  The cash crunch conflated with a fuel shortage that had dragged on for months to produce a perfect calendar of woes.

    Driven to desperation, hungry and angry citizens took to the streets, blocking highways and torching bank buildings.  Confusion reigned in place of clarity. Even the attentive public could not say at any given moment just what the policy was and for whose benefit it was being pursued’ with such frenzied determination.

    Buhari’s national broadcast on February 16 did little to restore calm and confidence.  He said he was addressing Nigerians as their “democratically elected president” – in case they had forgotten in the heat of the moment.   He wished “to identify” with them and to express his “sympathy with the “difficulties being experienced” in the implementation of the new monetary policy.

    The CBN would make new banknotes “more available and accessible” through the banks and other platforms and windows.  And so on and so forth, with platitude after platitude.

    To an audience facing an existential threat, he talked on and about “strengthening macro-economic parameters,” about “exchange rate stability,” and about “deceleration of the velocity” of money in the economy.  It was as if fidelity to economic jargon mattered more than people.

    When Buhari spoke about what the public was going through as a result of the administration’s policy, he did so in clinical, antiseptic language that did not reflect their privations. It was a disembodied outing that lacked what counted most at that moment:  a human touch.  It did not connect with the people.

    Hours after the broadcast, he jetted out to Addis Ababa, Ethiopia, for a summit of the African Union.  That was unfeeling, to say the least.  The streets were boiling with rage and the country seething with discontent, and the President flew out to yet another talk jamboree.  What would he have lost by delegating the Vice President or the Minister of External Affairs to stand in for him?

    Across the world, the attentive audience must be asking:  What manner of president is this?

    While in Addis, he took time off to videotape a message for the folks back home, perhaps in contrition for deserting them.

    Back from Addis Ababa after a four-day trip, Buhari has given what appears to be a full-throated endorsement of the APC candidate, Asiwaju Bola Tinubu, and has urged voters to turn out in huge numbers for the February 25 poll.  He is scheduled to campaign in Lagos today with Tinubu.

    Will this dispel the pall of uncertainty, the dark foreboding, the funereal ambiance that his policies and pronouncements and his studied silences have cast over not just the elections but the future of Nigeria?

    A week, it has been said, is a long time in politics.  In Nigeria, a week can seem like an epoch.  Any number of things can still go horribly wrong or be programmed to do so.

    The days and weeks ahead will test Buhari’s bonafides as never before. But the myth of the Mai Gaskiya has been eviscerated.

  • Buhari’s last faux pas

    Buhari’s last faux pas

    As it was in his beginning, so it is in his ending. Perhaps, former President Olusegun Obasanjo would be gloating that his prediction before the 2015 presidential election that a President Muhammadu Buhari would be weak in economic management has come to pass. After his election, President Buhari initiated strange economic policies including the closure of Nigerian borders, the banning of the importation of essential food items and multiple foreign exchange windows, to frog-march the fiscal and monetary policies to his blurred vision.

    As warned by economic experts, the nation reeled into stagflation and recession and it took some efforts and years before Buhari’s government could return the nation’s economy to positive growth. Those who hailed the closure of Nigeria’s border and the banning of importation of essential food items as a magic wand to force backward integration and enhanced production ate crow when inflationary pressures skyrocketed the prices of essential food items. While rice production has tremendously expanded, the prices in the market havw not changed.

    Back then, Nigerians were encouraged to bear the excruciating pains on the promise that the draconic measures would crash the cost of food items and improve local production of goods and agricultural products. As the Buhari’s presidency winds down seven and half years after, inflationary pressures have made a mess of the government promises. The multiple foreign exchange windows geared towards forcing preferential treatment for the productive sector merely became an avenue for those in charge to corruptly enrich themselves.  

    As this column predicted the penultimate week in a piece titled: “Stone age monetary policy”, the ill-conceived quick-match demonetization of N200, N500 and N1,000 notes as a one-in-all cure of the challenges bedevilling the national economy in the past years, has failed woefully. One of the basic most important questions before a policy is initiated is sustainability. With President Buhari’s tenure ending in three month, how can he guarantee the sustainability of the programme? Which newly elected president would sustain the cruelty Nigerians are subjected to in the name of a monetary policy?

    President Buhari has repeatedly asked Nigerians to vote Asiwaju Bola Ahmed Tinubu of the All Progressive Congress (APC) to sustain his legacy, yet he has so irked members of his party to the extent that nine APC and one Peoples Democratic Party (PDP) governors have dragged him to court over the demonetisation policy. To compound the crisis engineered by the policy, the entire 19 APC governors and the National Working Committee of his party have asked for the return of the old naira notes. So, who would sustain the legacy he is talking about?

    Ondo State governor, Rotimi Akeredolu SAN, who until he initiated the Southwest security outfit, Amotekun, was highly regarded by President Buhari, has written an open letter to Buhari to reverse the policy as its implementation has failed. He pointed out that “the N1000 and N500 notes represented 82% of the currency in circulation and that the N200 notes, whose validity has been extended, by fiat, for another 60 days, represented 7%.” Of course, the reintroduction of the insignificant N200 notes would not ameliorate the sufferings Nigerians are facing because of the policy.   

    To make matters worse, Nigerians are suffering in vain, as the poorly implemented policy would not solve any of the challenges projected for its introduction. This column prays the hare-brained implementation of the demonetisation policy would not result in another round of recession, which will take several months to heal. Again, while agreeably, there would be less money to spend during the election, would that ‘artificial scarcity’ affect the outcome of the election?

    As should be obvious to President Buhari now, the politicians, including members of his political party, have successfully framed the punishing demonetization policy in the public consciousness as a private policy of the president. So, while the unrealistic time frame for the demonetisation of the named naira notes would be discarded by his successor, Nigerians would remember the punishing policy as another of Buhari’s failed policy. Unfortunately, the president is pushing the dehumanising policy as a positive legacy project, when in reality it will count against him as a negative one.

    This column wonders why President Buhari believes that those who have or would lose loved ones because there is no money to buy drugs, or those whose children have stopped or will stop going to school as the CBN wobbles and fumbles with the distribution of scarce naira notes because their parents have no cash to pay for transport or buy snacks for lunch, would give Buhari a pass mark when recounting his legacy. 

    This column like many Nigerians is shocked that in an effort to “cure corruption” in politics in his last days as president, which has flourished under his regime, Buhari is willing to sacrifice the lives of innocent Nigerians. There have been riots in many states across the country, and lives and properties lost. The days ahead looks very bleak, as the Association of Senior Staff of Banks, Insurance and Financial Institution (ASSBIFI) while suspending nation-wide strike has directed bank staff in states where there are attacks by hoodlums to stay at home until normalcy returns.

    There are also reports that banks have lost billions in assets because of the attacks, by disenchanted Nigerians. As banks are attacked, businesses are also affected, and many small and medium enterprises are closing up, with the ripple effect on the owners, workers and suppliers. Thousands if not millions of man-hours are wasted as Nigerians wait at banks for the cash that never arrives. While the cash crunch is causing damage to the economy, even the little gains made by some policies of the Buhari regime, like cash transfer policy to alleviate poverty, is being eroded.

    Unfortunately, because of the poor implementation of the demonetisation policy, instead of lifting Nigerians from poverty as promised by the Buhari regime, many more Nigerians would dive into the poverty trap. Many of such persons would be those whose businesses are destroyed by the misbegotten implementation policy. Many other Nigerians would also lose their lives, as Buhari seeks revenge against his fellow politicians. The election may even be marred, if riots break out and some INEC ad hoc staff are unable to get to their designated polling booths on the election day.

    Just like in his incarnation as military president, and his first years as civilian president, President Buhari thinks that he can employ military tactics of surprise and attack, to deal with systemic economic challenges and corrupt practices. As should be evident to him in his last days as president, such measures do not achieve the desired result. Regrettably, Nigerians are paying huge price for his faulty passes.

  • Dead heat!

    Dead heat!

    Dead heat!  That’s how pollsters, crunching their data, dub an extremely close poll.

    But four days to the presidential and National Assembly elections, dead heat here is not applied in statistical terms.  Ripples isn’t reporting any pre-poll data.

    Rather, dead heat captures the confusion in the land, not helped at all by President Muhammadu Buhari’s national address of February 16.  

    That address has pitched the federal executive and the Central Bank of Nigeria (CBN) against the Supreme Court, on which Naira denomination is still legal tender.  This commotion is fired by acute scarcity of redesigned Naira bills, which has practically stalled the Naira swap.

    Camping behind the Supreme Court is a formidable phalanx: the House of Representatives (given the take of Speaker Femi Gbajabiamila); the Judiciary, with a battery of angry and thundering senior lawyers; and 10 states charging at the central government, holding aloft the Supreme Court’s February 8 interim order.

    That order, renewed on February 15, pending the apex court’s sitting on the suit on February 22, told the Federal Government and privy, CBN, to re-circulate both new and old notes until the apex court gives its verdict on the dispute.

    The President’s address went against that clear order, notwithstanding the presidential concession on the N20 bill.  

    But that address has inspired a federalist “war”: a presidential broadcast, insist the protesting states, most of them APC states, can’t trump the extant law, as pronounced by the Supreme Court. Classical federalism!

    At least three states, Kaduna, Kano and Jigawa, have re-declared all the old bills legal tender until the Supreme Court declares otherwise.  

    Despite not a few linking the crisis to alleged plots to scuttle the 2023 elections, the states’ challenge, on the side of rule of law, can’t be bad for the system.

    But the general hysteria can’t be good for the elections, either.  On the cusp of such a monumental vote, every elector must be at their reasoning and psychological best.

    Still, forget the din.  The stark electoral choice remains: do Nigerians want to go back to the PDP years of soulless graft and wanton wastes?   Or further embrace the APC years of hewing pearls from bare rocks, with all of its short-term pains that nevertheless promise huge future gains?

    That fundamental question has not changed.  That’s why it breeds the likes of PDP’s Atiku Abubakar who, citing present pains, zestfully points at past ruins as redemptive gold, though knowing in his innermost soul that’s a journey to nowhere.

    And Labour Party’s Peter Obi, who proffers no remedy beyond some empty dream, which again, beyond the ardour of hot, sweet electioneering, amounts to nothing.

    Honestly, the only other candidate that seems credible enough to make a dent — based on his past achievements — is NNPP’s Rabiu Kwankwaso.  But alas!  That ticket appears too provincial to fly.  But he’s a far better prospect than Atiku and Obi.

    Which leads to that legitimate but stark question: why would PMB, by misadvised policy choices — the stalled Naira swap, for one — appear to throw spanner into the works of his own APC candidate, Bola Tinubu, who so far has run the most impactful, most credible and most informative campaign, of further consolidating on the hard gains of the PMB years?

    Here, a din of conspiracy theories has dawned, provoking the naive and confounding the emotive.  All is legitimate in the explosive passion of the moment.

    Still, why would PMB at 80, straight-as-a-pin all his life; and after eight grilling years of insults and hateful ethnic profiling — in answer to policy choices that tell Nigerians to brace up and work, rather than drool on the corrupt manna of the PDP years — now want to sabotage his own legacy by blocking his own party’s candidate, who appears best among those on offer?

    That profile doesn’t just logically add up.  The interim government angle would appear particularly hare-brained.  PMB is no IBB that dribbled everyone including himself, sank into a self-dug ditch and beckoned on Ernest Shonekan’s Interim National Government (ING) for rogue salvation.

    He’s no Olusegun Obasanjo either, who essayed a costly third term that blew up in his face but was not honest enough to admit his clear blunder.  Now, if PMB is not eying a third term, why would he crave an interim government — to bury his democracy legacy?  It just doesn’t make any logical sense!

    But that’s not to say PMB is not fairly docked for policy naivety, which may well hurt his legacy of sane but hard government re-set, in rather difficult times.  That seems to reinforce the rather strong allegations that some noxious forces, around him, are up to costly palace mischiefs.  That’s very unfortunate, if not outright tragic.

    His February 17 broadcast was a poster of bad judgment:  if the president could allow the joint re-circulation of N20 bills, why not go the whole hog with N500 and N1, 000; and watch the tension in the land vanish, in a not-so-rare exercise of presidential wisdom?

    Besides, there’s the other matter of rule of law: can a presidential broadcast trump a Supreme Court order?

    The president may well regret this decision, as his traducers would embellish it to equate his legacy.  It is not; and history will in due time step in to grant him his right and fair place.

    Before history, however, there’s an election to be won and explosive passions won’t wait for a distilled judgment of history, which is rather unhurried.

    This is where this policy mix-up sucks and puts everyone in the dead heat of negative passion, four days to the election.

    That the Atiku and Obi camps barely hide their thrill at cashing in on the anger and fiasco appears the true mirror of how flat their campaign messages have fallen, beyond re-promising a failed path (Atiku and PDP) and betting on empty dreams (Obi). 

    By the way, can you imagine any candidate of rigour telling a serious platform that he was there to gather ideas?  That was Obi’s response when asked, at the Nigerian Economic Summit Group (NESG) forum, to itemize five measurable indicators his administration would be judged by!

    The Tinubu camp would feel fairly piqued by the fuel/Naira swap mix-up, and would bristle even more that it came from their own sitting president who they can’t throw under the bus!  In truth, it’s grand but totally avoidable distraction!

    Still, aside from flash anger — using the image of flash floods which perhaps recede faster than imagined — not much has changed in terms of voter fundamentals.

    For Tinubu’s last-minute distractions in currency and fuel, Atiku has a much longer dissonance in G-5 rebellion.  Obi contends against IPOB violence and sundry rascality, threatening the vote where he stands a bountiful harvest.

    Even then, voters should know, without prejudice to their sacred democratic choices: Nigeria is better off with the Tinubu/Shettima ticket.  It will leverage the necessary pains of the PMB years to secure a more comfy and prosperous future.

  • Mefi’s saga: Curiouser and curiouser

    Mefi’s saga: Curiouser and curiouser

    When the story of these perilous times comes to be written, the Governor of the Central Bank of Nigeria, Godwin “Mefi” Emefiele, is sure to emerge as one of the most execrable figures of the era.

    I date this evaluation from the moment he allowed himself to be recruited by the resident Svengali in the Aso Rock Villa into the race for the presidential ticket of the ruling APC, the party of President Muhammadu Buhari.

    It was not his idea.  If he had any political ambition, he had kept it a secret hitherto. He did not strike you as the type who would want to launch a political career starting as the country’s president.  Nothing about him was indicative of overweening conceit or ambition, at last not from a distance.

    But it says a great deal about Emefiele’s credulity and gullibility that he embraced it in double quick time.  His first order of business after obtaining an APC membership card, was to flood the landscape with 500 branded cars to register his arrival on the political scene.  Then he bought copious amounts of media space to advertise his mission and recruited elements of the Mobutist  media to project him as the solution to the trouble with Nigeria

    It seems not to have occurred to him that he could not enter party politics nor run for president while remaining custodian of the national monetary policy and czar of the banking system.  He saw no conflict in playing those roles simultaneously. 

    Perhaps he did, but was assured by the Svengalis in the Villa that such considerations did not apply to him.  Aren’t there always exceptions to every rule?  And we are here dealing not even with any iron-clad rule but a mere convention.

    In whatever case, Emefiele’s presidential bid ended in a puff, well before it had gained traction.  It will now go down as the briefest and least consequential foray into electoral politics ever made by a presidential aspirant.

    In the perpetual jostling for advantage that occurs in every regime, Emefiele’s sponsors seemed, at least for a while, to have been out-muscled by a rival power bloc in the Villa, determined to clear any doubt as to who was in control.

    They set in motion a machinery to have Emefiele prosecuted on charges of financing terrorism.  Even by Nigeria’s standards, the move seemed exorbitant.

    Emefilie fled precipitately, to parts unknown.  And for several weeks, the Governor of the Central Bank of Nigeria, regulator of the economy that is the powerhouse of the Economic Community of  West African States and home to one of the three largest economies in Africa, abandoned ship.

    He was received back at Lagos airport by a phalanx of soldiers.  Since then, they have kept him under armed protection.

    Because the economy is judged far too important to be left to the winds of political partisanship and the whims of political meddlers, the autonomy of the Governor of the Central Bank is formally guaranteed in most countries.   That autonomy is relative, to be sure, but the larger it            is or perceived to be, the greater the respect the incumbent is accorded by his or her peers and the greater the confidence that flows from their decisions.

    But, much more than his predecessors, Emefiele seems to be content to take his orders from Aso Rock.  Every so often he is to be found there, more supplicant than sure-footed expert giving the authorities the benefit of his superior knowledge and wisdom.

    Before Emefiele pulled out or was pulled out of the race for the presidential ticket, he had determined that the time had come to rein in the excess liquidity that was fueling inflation and making the electoral system a hostage to political actors for whom the surest path to power lies in massive vote-buying.

    The stockpile they were counting on to buy the election had to be degraded by redesigning the banknotes in circulation, injecting them into the system, and allowing them to circulate side by side with the old notes, until January 31, when the old notes would cease to be legal tender.

    This monumental shakeup was to occur within 100 days.   Under no circumstance would the deadline be extended.  At every opportunity, Emefiele reassured all those who expressed doubt about the feasibility of this compressed schedule that he and the CBN were up to the task. 

    That nation now knows at a frightful human and material cost that grows with each passing day that Emefiele was not being forthright.  And even at his most indulgent, Buhari must now be wondering whether Emefiele was in earnest when he assured him that the National Mint had the capacity to produce the volume of new notes the overhaul would require.

    According to the best authorities, it was based on that assurance that Buhari instructed Emefiele to have the National Mint print the new notes.  No outsourcing.  And that was how we arrived at this present disquiet where millions of our compatriots are reduced to wallowing in misery of near-Biblical dimensions.

    In every clime, it is accepted, even if the tenet is not always woven into policy, that the welfare of the people is the supreme law.  In Nigeria, the governing philosophy seems to be that wanton immiseration of the people is the supreme law.

    Surely, a more humane way is possible?

    Emefiele has stoutly denied telling the Council of State, trotted out to give Buhari covering fire, that the National Mint was well equipped to print the new bank notes. Emefiele has so many faces that it is hard to tell the one he is presenting at any given moment. Even, so,  I am prepared to give him the benefit of the doubt on that point.

    But the capacity to produce the quantum of required bank notes is not the same thing as the capacity to deliver them within the timeframe Emefiele had stipulated for the changeover, plus the additional ten days he was forced by public indignation to concede.

    He has neither produced nor delivered.

    As we go back and forth, the question cries out insistently: To what purpose is the perfect calendar of woes which Emefiele has inflicted on Nigerians in the runup to the General Election?  For whose benefit?

    Cui bono?

    The claim that it is designed to insulate the public from those scheming to rob them of their voices and their power by the wholesale purchase of their votes is implausible to the point of absurdity.

    How, at any rate, can that objective be attained by making it well-nigh impossible for clients in good standing to draw on their bank deposits to meet their daily needs?

    How, Mefi?

    We must put the same question to the latter-day Arthur Nzeribe who sought an injunction restraining the authorities from extending the life of the old banknotes even if they so wished. 

    What is the busybody’s locus standi?

    And to the latter-day Judge Bassey Ikpeme  — she of the “Midnight Judgement – who more than enthusiastically embraced a petition rooted more in politics than law and upheld it when she should have declined jurisdiction.

    Finally, the question must also to go the Minister of Justice and Attorney-General of the Federation,  Abubakar Malami (SAN), who has been carrying on the tradition of the holder of the same office and resident cardsharper in Babangida’s military presidency, the late Clement Akpamgbo, SAN.

    Give Kano State Governor Dr Abdullahi Ganduje full marks for “connecting the dots,” pardon the cliché.  Anti-June 12 elements have regrouped big time. 

    The public ignores them at its peril.

  • Naira swap: Where are we?

    Naira swap: Where are we?

    It was just a fortnight ago on this page that I drew upon the immortal Fela’s lyrics – Confusion Break Bone to describe the swelter of confusion that has trailed the rather expansive, ill-timed, equally ill-designed, and, what has since proved to be the most disruptive monetary experimentation ever visited on a people. Since them, a lot has happened, just as the victims of the hare-brained policy has lengthened, to challenge those long-held assumptions about the capacity, capability and the fidelity of the monetary authorities to the national cause on one hand, and the good faith of those pulling the levers of power on the other.

    To do a recap. Where else to begin but the meeting between the governor of the Central Bank of Nigeria, Godwin Emefiele with President Muhammadu Buhari in his country home of Daura on January 29.  Thereafter, the CBN announced a 10-day extension of the cash swap programme to February 10. That was two days before the expiration of the initial deadline for the phasing out of the old N200, N500, and N1, 000 denominations of the naira notes.

    Few days after, President Muhammadu Buhari met with the APC governors in Abuja during which he urged Nigerians to give him seven days to resolve the crisis. He assured that the remaining seven days of the 10-day extension “will be used to crack down on the encumbrances mitigating the successful implementation of the currency redesign policy”. He would further assure of “… a decision one way or the other in the remaining seven days of the 10-day extension”.

    Well, those seven days passed last week – with no “decision one way or the other” from the president.

    In the meantime, the governors of Kaduna, Kogi and Zamfara, worried if not entirely frustrated by the federal government’s dilatoriness amidst reports of growing restiveness of citizens across the federation decided the matter was too sensitive to be left in the hand of an utterly inept CBN and its vacillating principal. They dragged the federal government before the Supreme Court, seeking a restraining order to stop the full implementation of the policy.

    As it is, not a few believe that its order of last Wednesday, stopping the federal government from enforcing the February 10 deadline, given the grave crisis provoked by the policy, may have staved off another, testy, potentially EndSARS moment for the country! 

    Is the worse then over? Doubtful!

    Need I add that a High Court of the Federal Capital Territory presided over by Justice Eneojo Eneche had earlier on, in an ex parte application brought by four political parties against the government and 27 commercial banks in the country, issued a restraining order on President Muhammadu Buhari, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and 27 commercial banks from suspending the policy of the federal government.

    Never mind the well-timed reprieve from the Supreme Court; the situation remains grave with reports across the country of angry, frustrated citizens letting out their anger on equally distraught bank workers. In one of the videos currently in circulation, a group of bank staff were seen using a wooden ladder to scale the high walls of the bank in their bid to escape the wrath of angry customers. On the streets, the joke is everywhere about the booming trade in naira to naira, akin to the forex trade – all of these in Emefiele’s programmed confusion.

    Ironically, where leadership was expected from the federal government which created the mess, it has been practically on AWOL or pretends to be at work. As if the situation is not terrible enough, the number one legal officer of the federal government (or federation?) would prefer to clutch to hare-brained legalese in the face of a grave national security issue! He says the governors who challenged the federal government on the monetary policy not only lack the competence to do so but were apparently misdirected in their quest since – according to him – the matter is entirely federal government’s business!

    To our legal ‘juggernaut’, the ordinary citizen neither deserves clarity nor empathy since the government not only knows what is good for the people but recognises no cost as too prohibitive in the pursuit of what is presumably the public good!

    Nigerians, to be sure, are finally seeing through the façade. More than 120 days after, Nigerians may have finally come to the conclusion that Mefy’s recipe is anything but a solution in search of a problem. It is in fact worse – a ruse!

    In case Nigerians still need reminding; the liquidity mess which Godwin Emefiele aka Mefy now defines as the problem didn’t come overnight. It is neither the creation of politicians that some love to scapegoat nor that of the ordinary citizens rendered its luckless victims. Rather, they are by-products of the irresponsible if not lawless deployment monetary policy tools by our wayward number one banker with the direct prodding of its equally reckless principal – the federal government.

    Secondly, nothing in the CBN Act makes the institution an anti-graft body in the mould of the Economic and Financial Crimes Commission, EFCC, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) or even the Nigerian Financial Intelligence Unit (NFIU) – and so the idea of pretending to be some financial sector police, outside the contemplation of its enabling legislation, smacks of an institutional overreach. In the circumstance, the CBN can best be described as a busybody!

    Thirdly, the crimes of terrorism financing, kidnapping for ransom and other violent crimes have been with us for some time now. Only an individual suffering grand delusion can think of summarily extirpating them with the use of the monetary policy instruments more so on the eve of national elections!

    Mefy, I gathered, may yet have one or two tricks to teach the world’s apex monetary authorities on the use of monetary policy instruments to fight turf wars; for Nigeria and Nigerians, it certainly comes as a sad day that a supposedly even-handed policy tool is being cavalierly deployed to serve a partisan, ignoble end.

    Of course, the big question that has remained unanswered is: Why the new notes have remained a rarity despite the repeated assurances by Emefiele that the mint actually produced enough? Could the problem be one of the logistics of distribution? Highly implausible. Could it be, as some have said, plain sabotage by the usual culprits – the banks? While that could not be entirely ruled out, could that, truthfully, be held responsible for the nationwide shortage?  Who is lying to Nigerians?

    By the way, how much does our dear president know of the policy – from the conception to implementation? Was he misled? And by who?

    The choice before President Buhari cannot be clearer: either he listens to the voices of the opportunistic hardliners in the precincts of power with their narrow agenda or those of the masses already disenchanted with a policy that has brought them nothing but sorrow, tears and blood – again to borrow Fela’s words. As the elder-statesman Robert Clarke, SAN observed recently on a television programme, the issue has since moved beyond a monetary policy issue to a national security one.

  • Three-pronged pitch

    Three-pronged pitch

    Twelve days to a crucial vote, a three-pronged pitch drives a four-pronged race. Aside, the Naira and fuel meltdown hoists a thick fog of doomsday — as it often happens in the run-up to any general election.

    In 2019, it was the elite hysteria over the suspension of CJN Walter Onnoghen, who later was convicted by the Code of Conduct Tribunal (CCT) over asset declaration rap. 

    But for an establishment that always shields its own, and decided to end matters there and not push criminal proceedings, the ex-CJN could well have stared down jail terms — if the courts had confirmed the “guilty” verdict of the CCT!

    This year, with the biting Naira and fuel, it’s a more horrific bedlam, with both elite and masses baying for blood; and the media too having a ball.  The snag is everyone bawls but no one listens.

    Still, this Armageddon would pass.  This present fog of doomsday would clear.  The elections would be lost and won.  Folks would return to their normal life cycles.

    But why is it that at crucial electoral junctures the voter is plagued by jitters?  That would appear the stiffest challenge so far to Nigeria’s renewed democracy, hitting  a record 24 years at a stretch.  That trend should worry every democrat.

    But back to the major thesis: three-pronged pitch in a four-pronged horse race!

    First, the horse race, with four major candidates: two with established nationwide networks, one an Internet champion, the other, a local champion.

    Rabiu Musa Kwankwaso, the New Nigeria People’s Party (NNPP) candidate, is rather strong — formidable even — in his domestic front and catchment areas.  As a former Kano governor, he showed immense policy brilliance.  

    His Kwankwassiya red caps are also an attestation to his gift of mobilization — that rare ability to cut a distinct image for himself, independent of the party collective; and even that rarer talent to move his doting followers across party lines, as he criss-crosses parties for best personal deals.

    But outside the North or northerners spread all across the country, Kwankwaso has little appeal.  Nevertheless, in terms of numbers, he might be stronger than what folks give him credit for.

    On that, he is the direct opposite of Labour Party’s Peter Obi.  Thanks to Obi’s social media hyper-activism, he looms large though he appears much thinner on the ground. 

    Indeed, Obi is a relay of contradictions.  As Seun Kuti, the Afro-Beat Prince has rightly argued, Obi is a dyed-in-the-wool capitalist.  Yet, he runs on LP, a socialist platform.  

    Obi is a veteran of the rot he now hates — the Chichidodo that abhors faeces, yet savours maggots! He’s Immaculate Gregory, yet he is buried under Panama papers!  Nevertheless, he hopes against hope that folks, outside his Obidient adorers, would be blind to that glaring flaw — fond hope! 

    From these massive contradictions, Obi has woven even a more massive Nirvana — some paradise in which Holy Peter is the supreme shaman, who just has to bark “open sesame” and all the entrenched problems would vanish!

    In fairness, that “holy nothing” is not far from his “winning” formula as Anambra governor.  No prime infrastructure to vault his state higher, but subversive public savings pushing private business, but sold as immense public good!  That he left no fitting landmarks after eight years is fair rebuke, which nevertheless he hopes voters wouldn’t notice.   

    Sure Obi, like Kwankwaso, should harvest thick votes from his domestic zone, and maybe among the Igbo population in cosmopolitan Lagos.  But he might just find the Presidency a bridge too far — despite his fanciful polls that put him ahead of others.

    Atiku Abubakar, the PDP candidate, is running in a strange milieu, which has condemned all the top runners to pointing to past feats — no thanks to the pin-point messaging of Bola Tinubu, the APC candidate and his running mate, Kashim Shettima.

    Against Tinubu’s exploits in Lagos and Shettima’s great strides in war-torn Borno, all poor Atiku has to point to are the PDP years of wasted opportunities and wildly fiddled votes!

    Luckless Atiku!  Though he was for all of their presidential second term a mere “spare tyre” that his principal Olusegun Obasanjo would rather throw off if it wasn’t law-tied, Atiku had had, on the hustings, to glamourize their less-than-stellar records; and defend Obasanjo’s empty sanctimony.

    Atiku’s pitch is also not helped by his own rather executive recklessness as Vice President — pawning, allegedly to cronies, prime national assets for virtual peanuts, all in the name of “privatization”.  But beyond VP Atiku as the direct implementing agent, privatization and commercialization were prime policies of the Obasanjo Presidency.

    So, Atiku’s messaging has fallen rather flat.  First, PDP has no glorious past to reference.  Second, Atiku is so Teflon he seldom evinces any strength on any issue.  

    To spoil it all, he started his campaign on vile nativism: northern votes for he, the northerner.  That drove, to the edge, the-Presidency-must-come-to-the-South lobby.  

    That, with how Atiku won the PDP ticket, has given Rivers Governor Nyesom Wike and his G-5 the oomph to give Atiku and the national PDP a virtual fight to the very death.

    Where the Atiku candidacy bristles — and rather darkly too — is in the deep, rich bogey of an alleged northern conspiracy, to which not a few have situated the Naira and fuel shortage crisis, as latest “proof”.

    Before this crisis — a clear unforced error (to borrow that tennis phrase) by the sitting APC Federal Government — Tinubu, by his winning messaging;  bolstered by cross-country, cross-ethnic witnesses to his progressive politics and his unassailable Lagos records, was clearly the campaign to beat.

    PMB himself — glossed over by the excitable many — was running a very smart Tinubu campaign.  

    While partisans holler the president hasn’t been too visible on the Tinubu campaign circuit, PMB has visited two key APC states, Lagos and Kano, to showcase the “wonders” of the state governments run by his party.  Isn’t all politics local?  

    He has also followed that up with a project launch and campaign tour, Tinubu himself in tow, in his native Katsina.  The other day too, PMB was in Sokoto for Tinubu.

    Still, the Naira-fuel hoopla would go down as one of the worst blunders of the Buhari era — to which the message-sparse opposition has latched for rogue redemption!

    The ever-opportunistic Obi found a late voice after a long, loud quiet: folks, bear with CBN!  Many alleged he lost his voice because some banks in which he had interest were feeding fat on the chaos!  Talk of the Chichidodo again!

    The ever-scheming Atiku blew hot and cold but finally talked himself into a hole: CBN must not shift the swap deadline despite the pains!  Scrambling from a crusader for good into the cloak of villainy?

    Tinubu, ever so bold and nimble, forced a disclaimer.  That put his party (and APC government) under pressure, charmed the opposition into forced errors and tried to hurl the hurting public to his side.

    On February 25, the electorate have quite a choice!  But better to calmly navigate a rough present that offers future hope, than emotively blunder into a past of solid ruin.