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Alaafin: I’ve prepared my burial

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How was I to know that that meeting I had with the Alaafin of Oyo, Oba Lamidi Adeyemi, on March 2, 2022, was the last between a father and his son? In the last couple of hours of hearing of his passing, I have scrutinized, without success, memories of anything unusual in the sky on that day that probably spoke of the looming calamity that would befall the Oyo palace. The sky was the usual grey, without a foreboding countenance; the palace courtiers were the usual ensemble, spraying entrants with deodorant courtesies. The palace bard perhaps gave inkling of the queer day. His effusion of praise songs for me on this day was unusual: “Adedayo, mo wole, awo Alowolodu…” he chanted his welcome endlessly in a poetic cadence that is the stuff of Yoruba palaces. Aside this, there were no tell-tale signs for me to ferret any inkling that this was the last time I would be seeing Oba Adeyemi alive, in a palace I had visited for over two decades.

The Alaafin sat in his regal best on this day. A highly sartorially conscious monarch, each time you saw the Alaafin, he mirrored class and the panache of culture in his dressing. He was dressed in a blue Ankara, done in agbada, with an abetiaja cap to match and a slip-on pair of shoes as a fitting accoutrement. With me was ace broadcaster, Yemi Sonde, ex-Broadcasting Corporation of Oyo State (BCOS) broadcaster, Bunmi Labiyi and another female guest. We had gone to invite the foremost monarch to the official commissioning of Sonde’s new radio station in Ibadan, Oyo State. As usual, as the glass door was pulled aside for us to enter Kabiyesi’s inner sacristy, the men went on all fours and the female, on their knees. As it’s the tradition in the palace, we had peeled our feet of our shoes at the main entrance.

From the blues, Kabiyesi veered into the conversation of death. His grouse was with the recently promulgated Ogun State Traditional Rulers (Installation and Burial Rites) Act which had by then just scaled second reading in the State House of Assembly. In the Act, which claimed to be bothered about the need for respect for human dignity and promotion of modernity in the installation and burial of traditional rulers, lawmakers proposed a legal framework that was to curb idolatry practices in installation, as well as burial of traditional rulers. The purport of the Act was to guide jealously the religious beliefs of a deceased monarch in Ogun State, by according them burial rites contiguous with their belief and religion.

In Yorubaland, though an issue that was a taboo scarcely discussed, it is a notorious fact that upon the demise of a deceased Oba, traditional worshippers hijack Obas’ corpses from their families, superintending solely on the burial rites which included gouging out their hearts, which were preserved to be fed to their successor.

Oba Adeyemi told me he had conveyed his disagreement to the law to his colleague Oba, the Awujale of Ijebu land, Oba Sikiru Adetona, the monarch he had tremendous reverence for. The law didn’t make any sense, he said.

“Why would a state government be bothered about the burial rites of a king?” he asked, incredulous. “When the man dies, he doesn’t know what is done after his departure. He is gone; whether they remove his body parts or not. In my own case, I have picked the place where I will be buried in the palace. At my age, I am already at the departure lounge. The plane is on the ground and I am just waiting for the boarding pass. The Oyomesi know what to do with my corpse and they will do it.”

Alaafin was however not happy with how the corpse of the immediate past Olubadan of Ibadan was on display on social media and commended the example of the Soun of Ogbomoso’s burial which was made a strictly palace affair. I don’t know how Baba would feel yesterday seeing his priced remains floating on social media in the hands of clerics.

Alaafin was a federalist to the core. He canvassed Nigeria’s practice of federalism till his last day on earth. He was also one of those who believed that the 1914 Lugardian amalgamation was a disaster to the wellbeing of Nigeria. His forebear, Oba Ladigbolu 1, he said, told the colonialists to their face that, by soldering unlike people together to form a single whole, what Britain was doing was analogous to fostering the lion, impala and other preys together in a common zoo. Which is a reflection of the Yoruba people’s travails in the Nigerian pseudo federalism.

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Veteran journalist and ex-Tribune’s Political Editor, Baba Agboola Sanni, took me to the Alaafin in 1998 or thereabout and since then, our relationship was akin to father and son’s. To example the level of the relationship, in 2020, Oba Adeyemi had invited late rights activist, Yinka Odumakin and me to his palace. It was when we got to the palace that we realized that we had been individually invited for the meeting. It was a Sunday. Hyper-passionate about the fate and lot of the Yoruba people, Alaafin called us to discuss nagging Yoruba national issues, chief of which was the invasion of Fulani herders of the Southwest and the kidnapping and killings that had become commonplace. After the meeting, in his usual sotto voce, Alaafin faced Odumakin and said, “In this palace, Festus and I have fought several battles. We never lost one.” Odumakin looked at me. I looked away. He apparently could not match what he just heard with the person sitting beside him. When ace Tribune columnist, Dr. Lasisi Olagunju, eventually met him in the palace, pointing at me, he repeated the same line.

In the passing of the Alaafin, I wish the Yoruba knew the calamity that had just befallen them. Yoruba are naked, more than ever before, to their bare skins, in the hands of forest demons and reptiles who bay for blood. I have had opportunities of meeting monarchs in my few years on earth and interrogating their commitments and dedication to the land, but none – apologies to no one – answered to the tripartite calling of kingship – armour-bearer of their people, cultural icon and language encyclopedia – that Alaafin personified. Majority of them are scammers in search of green grass to pillage and who are bereft of the avant-garde role the ancestors have in store for them. Alaafin loved Yoruba to the level of incurable obsession and lamented the regression of the people’s fate in the hands of Nigeria and her slavish rulers. Unbeknown to many, Alaafin, to my knowledge, invested millions of his personal funds in fighting the enemies of Yorubaland, at the risk of his person and office. He made files of these interventions, copies of which he handed over to me, apparently mindful of a today.

For reason(s) that I still find difficult to decode, which perhaps I will have insight into at a later tete-a-tete with him in the hereafter, Alaafin confided topnotch secrets in me and believed in the ability of a resolution to any difficult impasse once he and I gave it a mental interrogation. He would call me early in the morning to ask for my convenience and would set out from the ancient town of Oyo and drive to Ibadan. His Idi-Ishin, Jericho Quarters apartment offered a convenient ground for granular chewing of challenges that he might need resolution to. Once we were done, he would head back to his palace, telling me that it was the only reason why he had come.

Alaafin got attracted to cerebral people like bees do hives. He worshipped Professor Wole Soyinka like a god and venerated Prof Adebayo Williams. Along the line, Kabiyesi got inebriated with the intellectual depth of Dr. Olagunju too and asked that he be brought to the palace. Since then, Alaafin never hid his fascination with Olagunju’s weekly mental contributions. “Whenever I go to functions, I would deploy a medley of Olagunju, Adebayo Williams and Adedayo’s works and pontificate with them in the public,” he said in a rare humility from a foremost monarch with a first class brain. He also said that now that he had the Eripa-born media intellectual, Olagunju, his artillery had increased. When Olagunju and I went to the palace to invite him to the launch of his book, Cowries of Blood and he knelt to hand Alaafin a letter of invitation, the monarch prayed so intently for him that you would think it was a father’s last minute prayers for his son.

Alaafin was in the know of every of Sunday Igboho’s movements and war against haters of the Yoruba people and provided pieces of advice to him on how to fight his traducers. He called him many times in my presence. He never hid his resolve to protect Yoruba people and cleanse their forests of invaders, particularly Oke-Ogun and Ibarapa land of Oyo State.

Alaafin had challenges with Governors Lam Adesina, Rasidi Ladoja and Adebayo Alao-Akala. He gave me the most granular information of the roles he performed in the tiffs with these governors. By 2015, especially the moment leading to the general elections, Alaafin and Governor Abiola Ajimobi’s relationship had gone sour. Goodluck Jonathan had begun to make overtures to traditional rulers. Ajimobi had gone to the UK when Alaafin called me, demanding that we had a mutual resolve on where he was heading politically. I called Governor Ajimobi to intimate him of Alaafin’s quest, careful to beat the possibility of tale-bearers parroting my “clandestine” visit to the palace to him. Ajimobi gave me the go-ahead to meet the monarch.

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At the meeting in the palace, Alaafin articulated his coterie of grouses against Ajimobi to me. He told me that, in company with his late friend, Azeez Arisekola-Alao, he launched one of the most penetrating artilleries against Alao-Akala, even selling his house in the UK in the process. Ajimobi, he alleged, took all these for granted and never reciprocated the gesture.

When it was time to address him, I prostrated. I told him that my loyalty was to him, as it was to Ajimobi, but I owed him the need to tell the absolute truth. I told Alaafin that Ajimobi had the greatest regard for him. I proceeded further to tell the king that the governor, at many fora, told me that, but for Alaafin, he wouldn’t probably have emerged governor in 2011. Alaafin went beyond the ken of his traditional role in his support for Ajimobi in 2011, so much that if Alao-Akala had won that election, he would have deposed him, so said Ajimobi to me which he expressed as, “Alaafin taa tan ni!” I reminded Alaafin that I was privy to conversations between the king and his aides – Late Prince Fehintola and Hon Kamil – during the 2011 elections when, at the thick of the announcement of the gubernatorial results and he wasn’t sure where the pendulum was swinging, he asked his aides to tell him the truth, giving them indications that he could commit suicide if Alao-Akala won.

“Kabiyesi, you are the king of the Yoruba people, you cannot work against your people, both at the state and national level” I concluded. That settled the matter between Alaafin and Ajimobi. From that moment on, they became the best of friends.

Alaafin, despite his average schooling, was a profound intellectual. He could flawlessly recite by rote speeches read by foremost politicians of the First Republic, especially S. L. Akintola’s. During our last meeting in the palace where he articulated some legal permutations, I reminded him of how I always called him the SAN that we never had. Perhaps due to the several litigations he was involved in and his quest to apprise himself with details of judicial decisions, Alaafin gobbled up knowledge of law that was non-pareil. He was a restless fighter who sought for war in a time of peace. Once, Professor Wale Adebanwi had taken University of Cambridge’s Africanist scholar, Prof D. Y. Peel, to the palace. At discussion, Alaafin arrested Peel with his flawless rendition of British history, so much that Peel shouted, “Kabiyesi, you are telling me my history!”

In 2019 again, it was time to pitch his tent with a gubernatorial candidate in Oyo State. Alaafin invited me from Lagos where I was a student of the Nigerian Law School. He then took me to a section of the palace that I had never been to before. Donning his pyjamas that morning, he confided in me that he had made his personal investigations and concluded that Seyi Makinde would win the election and he was ready to support him. I was shocked to learn thereafter that some persons persuaded him otherwise. It affected his relationship with the governor, which he lamented, till his death.

In my over two decades of relationship with the Alaafin, the testimonial that I always wear on my lapel was given me by his first son, Aremo, about five years ago. It was a Sunday as well. Alaafin had asked me to meet him in the palace. On getting there, I called him on phone that I was waiting in the waiting hall. A few minutes after, palace courtiers asked me to advance to Kabiyesi’s sitting room. There, I met the Alaafin, his first son called Aremo in Yorubaland and the Aremo’s wife, then a Magistrate in an Oyo court, sitting in wait. As I sat, the Aremo pointed at me and said:

“Whatever you do for my father that earns you the kind of respect and midas touch you have on him, please keep it up. I lived here in the palace as a young boy and I understand the tone and tenor of every of Kabiyesi’s answers to his being told of the presence of his guests. ‘Aa ri, mo nbo, o da’ were suggestive of several of his dispositions and palace courtiers understood what each of them meant. This evening, immediately he learnt of your presence, he said, ‘let us leave immediately; I cannot keep Festus waiting!’ That, to me, means a lot,” the Aremo told me. From where I sat, I looked into Kabiyesi’s face. What I beheld, for the very first time, was a coy-looking Kabiyesi, a childlike smile glued to his face, looking at his tangled fingers. His son had apparently shot at his Achilles heels.

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The tragedy of Alaafin’s passing for the Yoruba is immense. Of all their Obas, none had Kabiyesi’s stubbornness, mental alacrity, patriotism, panache and native intelligence to fight the battle of the people’s appropriate positioning in the national scheme of things. He often joked of how Kabiyesi Olubuse, the late Ooni of Ife, would tell people that he could not withstand Alaafin’s stubbornness. While others go cap in hand to pick crumbs from Yoruba enemies, Alaafin was too proud of the numero uno Yoruba stool he sat on to subject it to the whims of Yoruba suppressors. No Yoruba Oba living possessed Alaafin’s brilliance, commitment and love for the Yoruba people; perhaps next to him is the Orangun of Oke-Ila’s, Oba Dokun Abolarin.

Alaafin never suffered fools gladly and would stand by his Yoruba people, no matter the persuasions to do otherwise. In our last meeting at the Jericho Quarters, we both agreed that he should embark on a diplomatic shuttle among his colleague Obas on who the Yoruba should support for the 2023 presidential election. He was to embark on this shuttle, first to the palace of the Awujale, and then to others’. I told the Alaafin who I felt Yoruba should not support, neglecting to suggest who the Yoruba should queue behind. He seemed to agree with me. Though he never told me in unmistakable language, I could hazard a guess the Yoruba man he would have supported.

Alaafin was one of the most brilliant men I knew. Imbued with native intelligence and articulation that was borne of his inebriation of self in reading and gathering of knowledge, while men slept, Alaafin was in his library. He was a step ahead of his traducers mentally, steeping himself in intellectual exercises at every opportunity. One day, at about 8am on a Sunday, I told some friends that Alaafin must have read the day’s dailies but they disputed my claim. When I called him and put the phone on speaker, he analyzed what I wrote in the day’s newspaper and all the issues on display in the public sphere. Alaafin was also very principled and followed all the laid-down ancient precepts of the traditional Yoruba monarchy. He would never eat in public and abhorred alcohol. His meal was amala, eko and other foods he inherited from his forebears. He frowned at the emerging crop of Obas who were bereft of the mental and physical insignia of a king and who got themselves polluted with modern fripperies.

As I write this, I confess that the full implication of Alaafin’s death hasn’t dawned on me. I am yet to internalize the eternal truth that I will never see my father, the Alaafin of Oyo, again. An apt analogy that can explain Oba Adeyemi’s passing is a huge library burnt down. Another is a fitting analogy that Ayinla Omowura gave in description of the sudden passing of his brother, composer and friend, Akanni Fatai, also known as Bolodeoku, which he labeled, agboju’gbanu. Alaafin’s passing is an agboju’gbanu, a jolting news heard that provokes the sudden fall of the calabash held in one’s hand.

 

Dr. Festus Adedayo, a Journalist, lawyer and columnist writes from Ibadan, Oyo State, Southwest Nigeria

 

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Opinion

OYO101: ADELABU— When will this generational ‘UP NEPA’ chant stop?| By Muftau Gbadegesin

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The Minister of Power, Oloye Bayo Adelabu, has apologized for lashing out at Nigerians over poor energy management.

I hope Nigerians, especially our people from Oyo state, forgive and overlook his Freudian slip. Given that apology, I believe the minister has realized his mistakes and will subsequently act accordingly. In days that followed the minister’s vituperation, many otherwise cool-headed and easy-going observers quickly joined the band of critics and cynics. By the way, what BAND do you think those critics belonged to?

Plus, how best do you describe kicking someone who is down already? The flurry of condemnation that followed Oloye Adelabu’s ‘AC-Freezer’ sermon must have surprised and shocked him. Instead of sticking to his prepared speech, he decided to dash off by telling Nigerians some home truth. Quite amusingly, the truth, it turns out, is not the truth Nigerians want to hear. And as they say, ‘There is your truth, my truth, and the Truth.’ The fact is that Nigerians are angry at many things, the sudden hike in electricity tariff being one.

Perhaps the Minister’s press conference, an avenue to calm fraying nerves and address critical issues, quickly congealed into an arena for an intellectual dogfight – if you watch the video, you will hear the murmur that rented the air the moment that terse statement was uttered. While some influencers tried to downplay the minister’s jibe, they were instead flogged in their whitewashing game. Frankly, I am not interested in the minister and the energy management brouhaha. What I am indeed interested in is what the ministry and minister are doing to restore light in a country where darkness has permeated much of its landscape – don’t mind the confusion the minister and the ministry have created to disrupt the conversation around that vital sector of the economy.

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‘Up NEPA’, Lol

Trust Nigerians. When the defunct National Electric Power Authority failed to end the perennial and persistent darkness in the country, it was ironically dubbed ‘Never Expect Power Always.’ And when the company morphed into PHCN, Nigerians berated the name change, saying the company would hold more power than it would release. True to that assumption, PHCN indeed held more power than it gave to the people.

Then, in 2013, Nigerians woke up to the news of DISCOs, GENCOS, GASCOs, and so on. DISCOs for distribution companies, GENCOs for generating companies, and Gascos for gas suppliers. Of all these critical value chains, only DISCOs were handed down to private enterprises. Think of IBEDC, AEDC, IEDC, BEDC, etc. Unfortunately, the privatization of the distribution chain hasn’t transformed the sector’s fortune for good. More interested in the money but less motivated to do the dirty work of revamping the infrastructure.

Like a typical Nigerian in a ‘band E’ environment, I grew up chanting the ‘Up NEPA’ mantra whenever power is restored at home – and I am not alone in this mass choir. As a rural boy, the ‘Up NEPA’ chant is etched into our skulls from time immemorial. Sometimes, you can’t even tell when you start to join the chorus; you only know that you say it automatically and auto-magisterially. Many years down the lane, the persistent power cuts, blackouts, and grid collapses have worsened. And under Minister Adelabu, power supply, based on my little experience, has never reached this depressing point in history.

As a content creator, I can tell you Oloye Adelabu may likely go down in history as the most inconsequential minister of power unless something drastic is done to restore people’s confidence and bring about a steady, stable, frequent, and regular power supply. You may have seen on social media how most Nigerians who migrated abroad often find it difficult to shed that ‘Up NEPA’ chant from themselves once a power cut is fixed in those countries. Like the rest of their countrymen, they have internalized that mantra. Only after they’ve acclimatized to their new environment would they become healed of that verbal virus ultimately.

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‘Adelabu, end this chant’

This is a challenge. In my column welcoming Oloye Adelabu into the critical ministry of power, I asked a rhetorical question: Can Adelabu end the penkelemesi in the power sector? In Nigeria, is there any other economic sector troubled by multidimensional and multifaceted peculiar messes than the power sector? Adelabu’s grandfather, Adegoke Adelabu, was nicknamed Penkelemesi. History has it that the colonial masters, tired of that Ibadan politician, decided to describe him in the punchiest way possible: a peculiar mess. Quickly, a peculiar mess spread across like wildfire: the white men have described Adegoke as a peculiar mess. Translated to Yoruba, we have Penkelemesi. In retrospect, the minister must have realized the situation he met on the ground is better than what is obtainable now. He needs to own up, chin up, and take full responsibility for this total blackout.

‘Minister Fashola’

Babatunde Fashola, SAN is a clever man. For four years as minister of power, he avoided cutting controversy. But long before he was appointed, he had stirred quite an expectation around fixing the rot in the sector. He had jokingly said his party, the APC, would resolve the crisis of perennial blackout in one fell swoop. He categorically gave a timeline of when Nigerians in the cities and villages will start to enjoy regular power supply: six months. After four years of setbacks, Minister Fashola was forced to eat his vomit: the power crisis in Nigeria is deep-seated and chaotic. Oloye Adelabu has made more enemies than friends in less than a year. The minister may survey his performance among Nigerians to test this hypothesis. The truth is the truth. The mismatch between the minister’s area of competence and his assigned portfolio hasn’t helped matters as well. And this is a cavity many of his critics and traducers are banking on.

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For the first time in decades, Adelabu stands on the threshold of history: will he end this generational ‘UP NEPA’ chant once and for all? Time will tell.

OYO101 is Muftau Gbadegesin’s opinion about issues affecting the Oyo state. He can be reached via @muftaugbade on X, muftaugbadegesin@gmail.com, and 09065176850.

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Yahaya Bello: Do we need to prosecute ex-govs?

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I followed the drama of unimaginable scenes that unfolded in Abuja last week, as the Economic and Financial Crimes Commission(EFCC) moved to arrest and arraign the immediate past governor of Kogi State, Alhaji Yahaya Bello, in respect of alleged mismanagement of funds. I called it a drama of unimaginable scenes because the EFCC had laid siege to the house since very early in the day, knowing that its target, the “White Lion of Kogi State” was holed up somewhere in the compound.

But before the very eyes of the EFCC operatives, the man they had waited all day to catch, just slipped off their hands effortlessly. They claimed that he was rescued by his cousin, the incumbent governor of the state, Usman Ododo, who is protected by constitutional immunity. But EFCC lawyers would claim that Section 12 of the Administration of Criminal Justice Act (ACJA) empowers the body to break into houses to effect arrest.

Maybe that’s a story for another day. But it was surprising they didn’t think of that option. Bello was said to have stayed put in the Government House Lokoja since indication emerged that the EFCC was on his trail. So the easiest thing for the Kogi governor to do was to drive into the troubled house and then fish out a troubled cousin.

The Yahaya Bello saga is just the latest drama between the EFCC and former governors. Some time ago, we witnessed the Ayo Fayose drama. The former Ekiti State governor, whom EFCC was unable to arrest while in office put up some drama when he arrived at EFCC’s office wearing a branded ‘T’ shirt with the inscription: “EFCC I’m here.” Some of his loyalists helped him with things he needed to use in the EFCC detention.

Aside from that, we have also witnessed the Willie Obiano saga. The former governor of Anambra State was accused of misappropriating the state’s funds and has since been taken to court. Immediately after handing over the reins of power in Awka, the man had planned to jet out of the country but had to be stopped as EFCC operatives grabbed him at that exit point. We were also witnesses to the back and forth between the former Governor Abdulaziz Yari of Zamfara State and the EFCC. The commission had accused Yari of mismanaging billions of Naira and moved to arraign him.

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There were accusations and counter-accusations until Yari landed in the Senate, and things became quiet. The drama between the ex-Imo State governor, Rochas Okorocha, was interesting while it lasted. The commission had laid siege to the residence and eventually entered through the roof. We saw a terrified Okorocha and his household, praying fervently for God’s intervention as operatives jumped in to grab their suspect.

The list I have above is by no means exhaustive of the dramatic exchanges between the EFCC and some former governors accused of one financial misdeed or the other in recent years. One thing is, however, common to all the cases, after the the initial bubbles, the whole thing dies down as the retreating waves. Next to nothing is heard of the cases as the neck-breaking snail-speed of the nation’s judicial system takes over. Year after year, it is about one injunction or the other. Many of the accused had gone ahead to seek elective posts and won, many others have taken appointments and the law cannot stop them from utilising the benefits of the allegedly looted resources to gain an advantage since our laws presume individuals innocent until proven guilty.

The books of the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPCC) are full of such individuals who have allegations of hundreds of billions of Naira hanging on their necks. Many of them are busy swinging the official chairs in government offices as we speak. God forbid, one of such should, gain control of the nation’s presidency one day!

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Well, to forestall such a scary development, I think we need an antidote to these endless anti-corruption trials. The endless trial is not just a drain on the energy of the lady justice. It drills a gaping hole in the state’s resources as well. Imagine the legal charges the state incurs in taking several cases through the layers of courts. It is also possible some of the accused, who are innocent of the accusation could die in the process of trials and thus carry an unnecessary burden of guilt (at least in the eyes of the public) into their graves. The late governor of Oyo State, Otunba Adebayo Alao-Akala was able to win his case against the EFCC after 13 years, he died not long after the ‘not guilty’ verdict was pronounced. Former President of the Senate, Adolphus Wabara was also on the bribe-for-budget case preferred against him for more than ten years. Luckily, he was alive to receive his ‘not guilty’ verdict as well. Some may not be that lucky.

To stem this tide of seemingly endless trials of politically exposed persons, I want to suggest amendments to the EFCC and ICPC Acts to lay much premium on thorough and discreet probes of financial crimes rather than dump the results of the investigations in the court, the suspects should be called in and shown the traces of the illegally taken funds and their destinations. If the suspect is ready to refund at least two-thirds of the stolen funds to the coffers of the government, the agency involved, under the supervision of a competent court, could sign an irrevocable non-disclosure agreement and collect the funds into a special basket created for that purpose and which will be used for infrastructural development.

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Such an agreement should also take care of any possible penchant for grandstanding by any politician who could mount the podium one day and claim never to have been indicted of financial crimes. As much as the government would not waste time and resources prosecuting him or her, he should also be barred from active politics and playing godfather roles. If we do this, we will not only save time and resources, but we will get back a sizeable amount of the looted funds into government coffers for developmental purposes.

By Taiwo Adisa

This piece was first Published By Sunday Tribune, April 21, 2024.

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Tinubu’s Naira Miracle: Abracadabra or Economic Wizardry? | By Adeniyi Olowofela

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Prior to assuming the presidency of Nigeria, Asiwaju Bola Ahmed Tinubu garnered the confidence of the majority of Nigerians with the promise of rescuing the country’s economy from the impending disaster it faced.

For the past 43 years, the Naira has been steadily depreciating against the Dollar, as illustrated in Figure One.

The graphs below unequivocally depict the exponential rise of the Naira against the Dollar from 1979 to 2022. This sustained upward trend would have theoretically resulted in the Naira reaching 2,500 Naira to one Dollar by now.

 

 

This situation led some individuals to hoard dollars in anticipation of profiting from further devaluation of the Naira.

However, under President Bola Tinubu’s leadership, the Nigerian federal government successfully halted the expected decline of the Naira.

The Naira has appreciated to 1,200 Naira to a Dollar (Figure 2), contrary to the projected 2,500 Naira to one Dollar, based on the exponential pattern observed in Figure One.

This achievement demonstrates unprecedented economic prowess. If this trajectory continues, the Naira may appreciate to 500 Naira against 1 Dollar before the conclusion of President Bola Tinubu’s first term in 2027.

While the purchasing power of the average Nigerian remains relatively low, there is a palpable sense of hope on the rise.

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It is hoped that the Economic Team advising the President will continue their efforts to stabilize the economy and prevent its collapse until Nigeria achieves economic prosperity.

The government’s ability to reverse the Naira’s free fall within a year can be likened to a remarkable feat, reminiscent of a lizard falling from the top of an Iroko tree unscathed, then nodding its head in self-applause.

Mr. President, we applaud your efforts.

 

Prof. Adeniyi Olowofela, the Commissioner representing Oyo State at the Federal Character Commission (FCC), writes from Abuja.

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