Tag: Falling

  • ‘Why gari price is falling’

    The Chairman, Enugu State chapter of Cassava Farmers’ Association, Mr Romanus Eze, has attributed the  fall in the price of garri to massive cassava production.

    Eze, a large-scale cassava farmer, spoke in Enugu.

    He said cassava farming  increased in all the states across the Southeast last year, leading to a fall in the price of garri at various markets this year.

    He said many people went into cassava cultivation because of the scarcity of cassava stems last year, recalling that many farmers could not buy enough cassava stems last year due to its prohibitive cost.

    “In 2017, cassava stems were sold to farmers at a high price; some stems were sold at the rate of between N1,500 and N1,800 per bunch.

    “With the high cost of cassava stems in 2017, many people decided to go into cassava farming and this led into massive cassava production and a consequent reduction in the price of garri,” he said.

    Eze said the state chapter of cassava farmers association had mapped out strategies to ensure that the enhanced cassava production level was sustained by sourcing additional markets for the produce.

    He said the Anchor Borrower’s Programme of the Central Bank of Nigeria (CBN) had facilitated plans to boost cassava production by getting off-takers for the produce.

    Besides, Eze said the state chapter of the association had signed a Memorandum of Understanding (MoU) with some off-takers who were ready to buy all the cassava produced by the farmers.

    He said the agreement with off-takers would encourage cassava farmers in the state to improve their production without any fear of how to get markets for their produce.

  • SARS: crime in Rivers falling

    SARS: crime in Rivers falling

    The Commander of the Special Anti-Robbery Squad (SARS) in Rivers State, Mr. Akin Fakorode, has said crime rate has reduced in the upland.

    Fakorode, in an interview yesterday with News Agency of Nigeria (NAN) in Port Harcourt, assured the people that the squad would tackle insecurity, following collaboration with Marine Police, Navy and others.

    He faulted the clamour for the withdrawal of SARS from the state, saying the call would do residents no good.

    Fakorede urged the public to report any misdemeanour by SARS operatives for sanctions.

    He said SARS had identified hideouts of trouble makers, adding that they will not rest under his watch.

    “We have increased our presence and we have also strengthened surveillance on the state’s waterways to block the entry points of criminals to the riverside communities.

    “This measure is to ensure that there is no safe haven for criminals, even in the creeks.

    “I urge the public to enjoy the best Christmas celebration in terms of security, as we have positioned our officers and men to ensure security of life and property,” Fakorede said.

    The commander said the presence of SARS in Rivers had brought relief to residents, who, hitherto were unsafe.

    He called for more cooperation, saying SARS operations had reduced senseless killings.

    “We are grateful to those who came in solidarity to identify with SARS in Rivers because we cannot talk about policing without public collaboration.

    “At several fora, we have asked the public to make reports of misconduct by our men to the inspector-general of Police and top police officers.

    “We made this request because some people may have been negatively affected by SARS operatives.

    “I assure Rivers people that any complaint will be investigated and if any officer is found wanting, he shall not go unpunished,” Fakorede said.

  • Saving APC house from falling

    Saving APC house from falling

    It is clearly no longer a matter of intuition for any discerning mind to know that the presidency and the 8th  National Assembly (NASS) are at daggers drawn, and have booby traps set and waiting for unguarded moments to take revenge. From the Presidency’s bare-faced disdain for NASS and insistence that they confirm the acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, like it or not, despite what NASS says is a damning report by the Directorate of State Security (DSS) bordering on corruption, to NASS’s refusal to screen and confirm the Presidency’s 27 nominees for Resident Electoral Commissioners (REC) of the Independent National Electoral Commission (INEC), ostensibly as payback for the Magu affront, only the blind would wait for tables to start flying before coming round to the fact that, as they say, there is fire on the mountain.
    Indeed, if nothing else suggested a deepening Cold War between these two constitutionally separate arms of government, perhaps the REC nominees list was all NASS needed to open up on perceived asphyxiating relationship between it and the Presidency. Until now, NASS had for weeks running, and still subtly protested over the Presidency’s apparent meddling in its affairs, by putting Ahmed Ali, the Nigeria Customs boss, touted to be in the good books of the Presidency, on the spot, and shockingly, the Presidency refused to weigh in on the matter.
    While it is not uncommon to disagree in all democracies, especially as such helps strengthen democratic fabrics and foster good relationship built on respect for separation of powers and unity of purpose, it is hard to imagine that the Presidency continued to act unconcerned, though, clearly, its position is tantamount to affront on the integrity of NASS. Worse still, it leaves a bitter feel to imagine that the leadership of the All Progressives Congress (APC) party, which rose to power on the promise to strictly adhere to democratic tenets, are themselves watching this macabre dance threatening all known democratic principles, and looking away, as if nothing is amiss.
    Today, with nearly all sectors of the economy on its knees, it remains to be seen how the APC leadership with sustained in-fighting, jostling for King-pie political appointments and glaring disrespect for separation of powers between the three arms of government, would galvanise what is left of their hugely battered reputation, vision and integrity, to delivering the much elusive democratic dividends that cost the People’s Democratic Party (PDP) the presidency.
    Starting well in its determination to fight corruption blamed largely for the hopeless situation in the land, defined by under-development, poverty, poor infrastructure, among others, one thought that the Presidency and APC leadership would conscientiously build on and deepen its corruption campaigns by learning and appropriating the rules of shared unity of purpose, respect for independence, negotiation and gentlemanly handshake across other arms of government, knowing it would not win the corruption war alone.  Instead, it would seem such factors as ego, personal interest and vendetta, with their corresponding negative impacts, have infiltrated its ranks leading to the ensuing sour relationship between it and other arms of government.
    But more curiouser is fact that neither the Federal Government nor EFCC has called into question some well-heeled officers of the government alleged to have unduly enriched themselves, including Secretary to Government of the Federation, (SGF), Mr Babachir Lawal, leading to the erroneous perception that there are sacred cows in the fight against corruption.
    Babachir’s office, it was alleged, used a whooping N270 million, out of a total approved N12 billion for IDPs, to execute a grass clearing contract at the Internally Displaced Persons (IDPs) camps.  Alarming as the allegation is, especially involving a key government official, Babachir has since refused to obey Senate summons to respond to the allegations, but instead approached the court to scuttle investigations. That, in itself, is a dent on the anti-corruption war of the APC.
    While the NASS, like any other institution, may have its shortcomings, and definitely it does, things can only get worse where its authority and role as a check on the excesses of the other arms of government, particularly the Executive, is openly undermined. The unceasing amendment of charges against the Senate President, and the shocking exposure that the FG filed the case against Saraki before looking for evidence to nail him, have further exposed the executive as persecuting the legislative.
    This, perhaps, underscores the need for the Presidency, and by extension, the APC leadership, to eat the proverbial humble pie, as they say, to put its house in order. For, as it is said, a house divided against itself, certainly, may endure for a season, but will surely fall.
    It is high time the APC leadership learnt from the wisdom-engraved words of Albert Eistein, the German Theoretical Physicist, who said: “The world will not be destroyed by those who do evil, but by those who watch them without doing anything.” There are ominous signs that all is not well with this government and the earlier it retraces its steps the better. In nearly every facet of the economy, you find yawning gaps of high but unfulfilled promises; guarded but simmering hopelessness; expectant but dashed high hopes.
    Now, it would seem that Armageddon has come to roost as crime index has risen geometrically. With the economy standing on a fragile pole; drifting into a coma almost as it shows no serious signs of recovery from scary recession, division between the executive and legislature can only make its condition worse. Surely, the Nigerian people deserve better than the growing recourse to deadly arm-twisting and winner-takes-all politics, propaganda and cheap blackmail, which tend to put a wedge on inquests bordering on public officers integrity. For, truth remains that except for personal interests taken too far or misplaced vendetta by either party, both belong to the same APC household, though separate in operations as they are in modus operandi.
    No doubt, there is still time to save the APC house from falling, beginning by healing the wounds arising from the suspicion and distrust that greeted the election of NASS leadership at the start of this administration, and the erroneous perception that one arm is superior to the other. But above all, this catastrophe can roundly be averted when each recognises the other as a separate organ in one body working for national progress. Only by these can the APC deliver maximal democracy dividends that would separate it from the same folly that cost the PDP the people’s trust when they needed it the most. A stitch in time, they say, saves nine!

    •Abdulwahaab Oba, Chief Press Secretary to the Kwara State Governor

  • Falling oil prices stall SWF’s funding

    Falling oil prices stall SWF’s funding

    • $1b sovereign fund records N15.7b profit

    The Federal Government’s contribution to the Sovereign Wealth Fund (SWF) has been constrained by falling crude oil prices.

    The Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, told State House correspondents after briefing President Muhammadu Buhari on the fund that the $1billion initial sovereign fund contributed by the government earned N15.7 billion profit last year.

    He said: “Oil price is below benchmark and because we are supposed to be funded when the oil price is above benchmark, so it will not make any sense for the government to make any contribution now that the oil price is still low.

    “But there are other ways to support the fund which we have discussed with the President. When the time is ripe, that will be made known by the President’s spokesperson.”

    On the state of the fund, he said: “The government gave us $1billion which is the only contribution we have received and we made N15.7billion profit last year from the contribution. We haven’t got additional fund from the goverment but the fund is structured in a way that it can go through hard time.

    “We all know that the oil price is volatile, it comes up and goes down but the fund is structured in such a way that it can remain continuously profitable.

    “The funds remain the government’s and the profit made. We also discussed about potential infrastructure investments that can be made, but when the time is right, the President can make that known.”

    He said he also discussed the commitment of the NSIA to the Second Niger Bridge, health care, agriculture and power with the President.

    Stressing that the meeting was a successful, he said: “Our commitment is that we have a vehicle called NSIA Motorways Investment Company that partners with Julius Berger investments to become the preferred bidder in the Second Niger bridge. We are still going through the process of signing concessional agreement to become a concessionaire and to do all of that we need to prepare the project.

    “The progress we have made so far is in preparation of the project; making sure that the environmental impact assessment is made, the bridge properly designed and funded through our financial structuring.

    “It is the project preparatory state that we are going into and that has cost us $2.2 million. This is a big project, the project we are looking at is 11.9km, the current Niger bridge is one lane going and one lane coming and what we are building is three lane coming and going; so, it is a big project. It is a four year construction period and we are looking at 2020 for the completion of the project.”

    On how to attract more funds, he said: “We have hired African Finance Cooperation as our lead financial adviser and engaged successfully with about five or six lenders so far and some of them have commitment.”

  • Why education standard is falling’

    The dichotomy between university and polytechnic certificates has given rise to a rush for university education, leaving other higher institutions to be rejected. This, the pioneer Vice-Chancellor (VC) of Tai Solarin University of Education (TASUED), Ijagun in Ogun State, Prof Olukayode Oyesiku said, has led to the continuous fall in standard of education.

    Oyesiku, who is the Provost of College of Engineering and Environmental Studies at the Olabisi Onabanjo University (OOU) in Ago-Iwoye, expressed the view when he delivered the Fourth TASUED Alumni Distinguished Lecture at the school.

    In the lecture titled: Repositioning Nigerian universities: The role of stakeholders, Oyesiku blamed the society for placing emphasis on university education to the detriment of other higher institutions, especially technology-driven schools.

    He said the crisis in education could be blamed on poor funding, which, he said, often resulted to strike actions, lack of qualified teachers, brain drain and shortage of teaching facilities.

    He urged the government to introduce policies that would end the discrimination against non-university certificates to solve part of the challenges facing the sector.

    The TASUED VC, Prof Oluyemisi Obilade, hailed the guest lecturer for laying good foundation for the university to thrive. She said her predecessor had continued to play good role towards the development of the school since he left office.

    President, TASUED Alumni Association, Mr Saheed Buraimo, said the association has a responsibility to support the management to improve the rating of the university, especially in the area of quality education.

    He called on alumni to initiate projects that would develop their alma mater.

    Awards were presented to former executive members of the association, including the pioneer president, Mr Tajudeen Uthman and Oyesiku.

    Other guests at the event included former member of the National Assembly, Senator Kola Bajomo, a member of Ogun State House of Assembly, Hon. Adebowale Ojuri, and top officials of the school management team.

  • ‘Falling oil investment ‘ll hit U.S. economy’

    If capital and workers could move instantly and without friction between industries, the plunge in oil prices would be unambiguously positive for the U.S. economy in the short term as well as the longer one.

    Despite the growth in shale production, the United States is still a net importer of around five million barrels per day of crude and refined products, according to the Energy Information Administration.

    In the long run, cheaper fuel prices will benefit U.S. consumers and businesses more than they hurt oil and gas producers and royalty recipients.

    In the real world, however, capital and workers cannot be redeployed seamlessly between industries. The impact of falling oil prices is being felt almost immediately in the oil and gas patch while the full benefits for the rest of the economy will take time to filter through fully.

    Oil and gas has been the fastest-growing sector of the U.S. economy over the last decade so anything that causes investment and employment to stall will have a noticeable negative impact on the economy as a whole in the short term.

    Capital spending by businesses in the “mining, quarrying and oil and gas extraction” sector (which is dominated by oil and gas producers) increased at a compound annual rate of more than 16 percent between 2002 and 2012.

    Investment rose almost five-fold from $42 billion in 2002 to $194 billion in 2012, according to the latest edition of the Census Bureau’s Annual Capital Expenditures Survey (ACES) (link.reuters.com/qyh83w).

    Over the same period, business capital spending in the rest of the economy increased at a compound rate of just 2.7 per cent per year (link.reuters.com/tyh83w).

    In 2002, the mining sector accounted for just 4.6 per cent of economy-wide capital spending. By 2012, resource extractors accounted for 14.5 per cent of all spending on structures and equipment.

    The mining industry was responsible for 36 per cent of all the increase in business investment in the United States over the decade, according to Census Bureau data.

    The most recent ACES survey numbers are for 2012. Given the enormous oil exploration boom, however, it is very likely capital expenditure rose further in 2013 and the first half of 2014, both absolutely and relative to the rest of the economy. So, the oil and gas sector was probably even more important by the middle of 2014 than it had been in 2012.

    This investment boom is at risk as oil and gas producers slash their investment budgets for 2015 in response to the 60 per cent decline in oil prices since June, last year.

  • Falling oil prices: Expert urges govt to look inwards

    Falling oil prices: Expert urges govt to look inwards

    Concerned over the unprecedented fall in global oil prices and the ripple effect this development has continued to have on the nation’s economy, Prof. Chris Onalo, Registrar/Chief Executive Officer, Nigerian Institute of Credit Administration (ICA), has advised the federal government to consider the diversification of the economy as a viable option to ameliorate the credit crunch occasioned by the plummeting oil prices.

    Speaking exclusively with The Nation over the weekend, Onalo, who is regarded as the doyen of credit management in Nigeria, said this suggestion becomes necessary in view of the fact that the nation earns a huge chunk of her national revenue from crude oil sales.

    “There is nothing the country can do to change the imbalance nature of our oil resources as a result of plummeting global oil prices. But that in itself is a wakeup call to the government to consider serious the need to diversify the economy,” he said.

    Of concern to Onalo is the fact that the fall in oil prices has also led to the devaluation of the nation’s legal tender, the naira, a development, he stressed, has further compounded the parlous state of the economy.

    Onalo who also doubles as President/Chief Executive Officer at Postgraduate School of Credit and Financial Management, a frontline training learning institution for credit professionals, reiterated that what the government should strive for is rapid agricultural development across the board, saying: “Since we have good advantage in this area, it is only inevitable that we should develop our agric resource. That way the economy can be revived.”

    On the devaluation of the naira, Onalo said it is high time the country weaned itself away from the dominant influence of the dollar, saying this was the only way to wade off the negative consequence of dollar domination.

    “Unfortunately, it may be difficult for Nigeria to do without the dollar almost immediately. Most countries like Russia and China, which hitherto had their economy dominated in the dollar were able to change that simply because their economy is on the right footing,” he said.

    “In our case, the country’s political ruling class has actually suffocated the economy with scant regard for public interest. As far as I’m concerned, Nigerians need to braze up. Enough of this docility.”

    The price of crude oil had a precipitous decline in the latter half of 2014 and has since fell to a current level of $53pb as at last Friday.

    The continuous fall in the price of crude oil in the international market and the recent devaluation of the nation’s currency, the naira, are putting serious pressure on the economy, with the currency experiencing a free fall.

    The continuous fall in crude oil price had forced the CBN to use an enormous chunk of the nation’s external reserves to defend the naira.

    The persistent depreciation of the naira, however, forced the CBN to on November 25th devalue the currency against the dollar by eight per cent from N155 to N168.

  • Falling oil prices and raining day

    SIR: From Qatar to Kuwait all the way to Venezuela, and even in Nigeria, one sound rings clear on the balance sheets of these countries: revenue from oil is declining. The drastic fall of oil prices is making many of the oil producing nations tighten their belts and make adjustments in the national budget. This fall in revenue will surely necessitate a reduction in spending by oil producing nations across the world.

    Nigeria, which is presently battling lots of challenges, will also have her own share of cuts on spending. However, as price of oil goes on a freefall, Nigeria is being shielded by the Excess Crude Account!

    As a reminder, the Excess Crude Account (ECA) came to reality through Dr. Okonjo-Iweala during the Obasanjo era. ECA was envisaged to warehouse proceeds from oil revenue that shoots above the annual budget projections. The idea behind the establishment of the ECA then was that if oil price, like we are having now, or output unexpectedly falls, Nigeria will be under no pressure to forcibly borrow at high cost in order to fund revenue shortfalls.

    Seeing things in different light, the National Assembly, especially the House of Representatives, have been up in arms battling the Minister for this noble idea. It is amazing that the reps don’t take into consideration that numerous OPEC countries adopt comparatively much lower crude oil budget benchmarks than Nigeria.

    Members of the House Committee on Finance fail to understand the gains inherent in ECA. They fail to understand that the establishment of the ECA is actually empowered through Section 162(1) of the Nigerian Constitution, which provides that the federation shall maintain a special account into which shall be paid all revenue collected by the federal government.

    Likewise, Section 35(1) of the 2007 Fiscal Responsibility Act stipulates that “Where a reference commodity price rises above the predetermined level, the resulting excess proceeds shall be saved”.  In further justification of the rationale for the establishment of the ECA, the Minister cited Section 16(1a) of the 1999 Constitution, which stipulates that “…the State shall harness the resources of the nation, and promote national prosperity and an efficient, dynamic and self-reliant economy”.

    In spite of this constitutional justification for the ECA, the House of Reps didn’t fail every year to invoke Sections 59, 81 and 82 of the 1999 Constitution, as amended, which empower them to juggle the national budget’s estimate by constantly increasing the benchmark of the budget. They believe that the raining days is here and we must spend all that we earn at a go!

    In 2013, the benchmark was increased from $75 per barrel that the executive proposed to $80, while the Senate took a middle position and pegged its own benchmark for $78. In arriving at this decision, the House of Representatives posit that increasing the benchmark will reduce the budget deficit and domestic debts by as much as 66%. While opposing the position of the national assembly, Dr. Okonjo-Iweala warns that jerking the oil benchmark to $80 will affect Nigeria’s credit rating; make borrowing more expensive; lower the Foreign Direct Investment; impact negatively on macroeconomic stability, and the country will lose $20 instead of gaining $5.

    It is obvious that the Minister of Finance has made the right decision by establishing the ECA and ensuring that the account is constantly being enriched despite opposition from the National Assembly. Pray, what would have happened to the Nigerian economy in this season of economic uncertainty as the price of oil goes on downward path? The ECA is coming handy this season guiding against our nation going broke.

    • Abdullahi M. Seidu,

       Abuja.

     

  • ‘How falling oil prices’ll hurt economy’

    ‘How falling oil prices’ll hurt economy’

    The lead director, Centre for Social Justice, Eze Onyekpere, assesses the factors responsible for the crash in crude oil price, and how this will impact the global economy. His grim conclusion is that Nigeria and other countries that depend heavily on oil proceeds to power their economy may be in for hard times. He spoke with Assistant Editor ADEKUNLE YUSUF

    Who or what do you think is responsible for declining oil prices in the world market?

    The world is witnessing fragile and moderated economic growth and it is apparent some countries are yet to recover from the global financial crisis of 2008. Decreased economic growth engenders reduced economic activities which, in turn slows down the demand for oil and other sources of energy. The statistics show the details. Euro Zone is expected to grow by 1.1 per cent and 1.5 per cent in 2014 and 2015 while Japan is growing by 1.6 and 1.1 per cent respectively in 2014 and 2015 respectively. The United States of America grew by 1.9 per cent in 2013 and it is doing 1.7 per cent in 2014 while the projection for 2015 is 3 per cent. China has come down from the double digit and very impressive high horse growth and in 2013, 2014 and 2015, it is growing by 7.7 per cent, 7.4 per cent and 7.1 per cent respectively. India grew by 5 per cent in 2013, 5.4 per cent in 2014 and is projected to grow by 6.4 per cent in 2015. Sub-Saharan Africa has been stagnated at 5.4 per cent growth for 2013 and 2014 while the projection for 2015 is 5.8per cent growth.

    The entry of the United States as a strong oil producer through the shale oil boom and increased production in Canada and the return of production in crisis areas like Libya implied that there is excess supply of crude oil in the world market. The US has moved from being an importer to debates about the possibility of exporting oil. Also, oil has been discovered in many countries that hitherto imported it. These developments are further compounded by the discounted oil being sold by criminal gangs like ISIS. From these developments, no one should be blamed; the price of oil is following the global economic realities and the natural consequence of events. It is also imperative to understand that in the context of climate change, the future of the world is dependent on carbon free or reduced carbon energy sources.

    What impact can this have on the global economy if the prices continue to fall?

    A reduced oil and commodity price is a fall-out of the reduced economic activities and reduced economic growth. It will have no special impact on the world economy and the price will pick up as economic growth gets stronger. But in the long run, the price of crude oil is bound to decrease as new eco friendly technologies emerge.

    Who are the ultimate beneficiaries and losers of the declining oil prices and why?

    Countries that import oil will definitely like cheap prices to fuel their economy as cheap energy prices will reduce the cost of production while oil exporting countries will not be happy at the development considering the reduction in their national income.

    In term of specificity, in what ways will the oil price crash affect Nigeria?

    Nigeria derives about 80 per cent of its foreign exchange from the sale of crude oil and over 70% of the federal, state and local government budgets are funded from crude oil sales. The first challenge is that all tiers of government will have less revenue to run their affairs. In the short to medium term, workers salaries will become due but will be unpaid. Little resources will be dedicated to capital expenditure and the government will incur high deficits in a bid to fund the budget. Governments will borrow more and pile up debts. The fiscal buffers in the Excess Crude Account will be drawn down and the stabilisation account will record near zero. The second set of challenges will see a depreciating naira, diminished external reserves, increasing inflation; capital flight by portfolio investors exiting the stock market. The stock market may crash as prices will hit rock bottom.

    Are you satisfied with the response of the Nigerian government to this problem?

    I cannot see any response by the Nigerian government. They are still living in dreamland.

  • Jona boys: Falling on own sword?

    I was not sacked,” came the trenchant claim by Elder Godswill Orubebe, erstwhile minister of Niger Delta Affairs. Was that a confident voice, leaving the Jonathan cabinet for more challenging partisan adventures as the ex-minister insisted; or a shriek from political Siberia, determined not to be forgotten?

    The former minister is probably right in his claim, but only God knows. Still, it is rather interesting how hitherto vociferous Jonathan “warriors”, against real or perceived presidential enemies, are biting the dust.

    Orubebe, you will recall, opened the very first front in the Jonathan-Amaechi war, badly strafing and raking the Rivers Governor; dismissing him as rude, crude and uncouth, a mannerless brat always rude to the president, Orubebe’s all-mighty principal.

    But when Rotimi Amaechi roared back with his own scud missile, and the ministerial territory was rocking and quacking, the wise Elder beat a hasty retreat. The pounding, to be sure, was hideous. Amaechi told the minister to show cause why he was not a grand liability from his parlous record of performance, especially on the East-West road. Hot sentiment had met cold performance. Mum was the word. That opening battle was lost and won.

    But not the entire war. That continued with the threats and the politics and the clannishness that preceded the Nigeria Governors Forum (NGF) election, which the presidential party lost; and the parody of 16 greater than 19, and all the doomsday threats that followed.

    Still, the gubernatorial underdog stands while the presidential Goliath bites the dust, again and again. Could the minister have been sacrificed for blundering into a no-win war for the president? Did Orubebe fall on own sword? Again, only God knows!

    Then, exit Mbu Joseph Mbu, the latest political policeman in town and hitherto commissioner, Rivers State Police Command.

    Mbu may not be the first in his infamous tribe of police officers who, for a mess of pottage, defecate on the Constitution. Mbu was a classic example of how not to be a police rank-and-file, not to talk of a lowly police officer, not to talk of a Commissioner of Police (CP).

    While his reign of impunity lasted, Mbu committed the most hideous of constitutional crimes — levying war against an elected and legally constituted state government, in a federal polity — in the name of the central powers-that-be. The climax was the shooting, at a public rally, of a sitting senator.

    At that juncture however, the Mbu “thief”, to parody the one in Chinua Achebe’s A Man of the People, had stolen too much for the owner not to notice. Not even the most brazen of illicit presidential powers could save his drop. Another Jona boy fallen on own sword?

    By the way, is it a coincidence that since Mbu’s exit, there has been less wike, wike talk from Minister Nyesom Wike? Is that a sign of tolling bells for another Jona boy, or uneasy quiet before the next phase of political rascality?

    Time will tell.