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BETWEEN BUHARI AND ATIKU

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By: Omo’oba Abiodun Odukoya

 

The paradigm of good leadership stands on the tripod of Vision, Mission and Passion.

History and unfolding events around the world have proven that educational qualifications, social background and intellectual capability, are not necessarily the catalysts to good leadership and neither is good governance, determined, only, by the intergrity of an individual, but rather by the collective intergrity of the system.

Vision is the most integral part of good leadership- especially in governance. Leadership in other areas of life might not be necessitated by vision, but in running the affairs of a nation, the leader must have a vision of where he wants to take his people. The vision-naturally, will not be acceptable to all the people and it might also, not be the best that could be envisioned at that particular time, for that particular nation, but it is pertinent that a leader must have a vision of where he wants to take his people nonetheless!

To highlight the importance of vision in leadership, let us look at the example of Lula da Silva of Brazil who rose from abject poverty as a former cobbler and metal worker to lead his country to it’s days of great prosperity, lowest unemployment rate and financial strengrh that saw its currency, the Brazillian Real appreciate about 200% against the American dollars.

Lula, as he’s popularly known in Brazil got involved in politics when his wife and baby died from hepatitis, a tragedy he thought a better health care system could have prevented. He had the vision and the mission to change his country- as an illiterate, and he did very well, irrespective of recent charges of corruption.

Vision in leadership is so essential that if a leader lacks it, no matter how good a team he assembles, his lack of vision will negate the efforts of his team because the oxygen of national growth and development is borne out of the vision of an individual- in every generation, though manifested by the providential selection of his subordinates.

In tandem with vision, Mission is the lubricant which propels the engine of development and the practical realisation of the seemingly indistinct opportunities available within the system. A leader without a vision cannot posses a mission while a government that lacks mission is only moving in circles on a perpetual merry-go-round. Vision is the genuine agent that manufactures mission and mission is the natural adrenaline that produces results that move a country forward.

The administration of President Muhammadu Buhari is not driven by vision, and as a result its mission cannot be defined. At this critical and defining moment in the history of Nigeria, no reasonable leader should jettison the idea of Restructuring. The entity Nigeria as it is today, metaphorically, is like a dilapidating tenements that the children of the owner are selling off, bit by bit. Starting from the roof, windows, doors and other fittings, this house might soon become an empty shell, vulnerable to the elements and could collapse at any moment.

Passion is the indispensable vehicle that moves vision and mission to its destination. What is President Buhari’s passion? If you mention corruption, let us objectively examine the shroud that the Buhari led APC have provided to cover those that might be in anyway instrumental to his re-election and his supporters. In saner climes, his performance at the NTA, The Candidates program would have seen a major decline in his poll’s numbers.

The President I desire for Nigeria must be detribalized and acculturated, not by cosmetics but in deed and in disposition. It will be undiscerning for anybody, even from Daura, to think that President Buhari falls into that category. Atiku by contrast has not shown any such tribal leanings. His record of service both in the public and private sectors of the economy speak for him. Utopianism is a rarity and no man is perfect. If Atiku has in anyway, which is not known to me, displayed any form of anti-secularity, it must be pardonanble, at least, in comparison to PMB’s egregious and haughty apathy towards the unity of our nation.

My grouse with PMB does not stem from the fact that he is a Fulani man, a Herdsman, an Old-Man or because he is a Muslim and definitely – since I have never benefitted from any government directly or indirectly – not because of his whitewash anti corruption crusade. My worry is rather for the future of our nation. I do not believe that Buhari understands much of what is happening around him and in Nigeria in particular. To worsen matters, he is extremely conservative, insensitive, nepotistic and weak. He cannot continue to lead a nation like Nigeria in the circumstances.

The matriarch of Buhari’s clan, the First Lady, Madam Aisha Buhari said loud and clear many months ago that her husband is not in control. This action, from an African woman, is indicative of a level of frustration that is novel which should have sounded a strong warning to all and sundry.

The art of politics and governance, in truism, is far beyond the mediocrity of sanctimonious integrity and an unmerited myopic followership.

The pragmatic truth is that politics is like commerce; you cannot be economically and commercially viable, if you do not understand the intricacies of business and apply such to positive advantage. So is politics, you cannot win if you do not deal. So therefore, it is only neophytes that think that any politician is a saint. Some of them just know how to act and look better than others.

In governance, Atiku headed an economic team, which assembled the right people for the right portfolios. After governance, Atiku continued to make himself politically relevant and continuously preached his vision of one United Nigeria- in words and indeed. The same cannot be said of Buhari who always retreats to Daura only to come out to amplify division, propagate religious sentiment and show unabashed preference to a section of the country he considers “My People”. Sectional leaders can not possess national vision in a federal system of government.

It is more than evident to those that are not biased that PMB does not have The Vision that Nigeria deserves at this point in time. Apart from his Zero Corruption Campaign, which is a selective and persecutive process, what else is he driving his government on? The EFCC, after a thorough forensic exercise and analysis of the Ganduje tape, just confirmed that the video was not doctored, and this is the same man that PMB recently referred to as a man of integrity. In my entire sojourn over the world, I have never seen where the word integrity is so misused and so defiled.

Buhari is deeply rooted- both in psychology and philosophy in a section of Nigeria, while Atiku, though also a Fulani man, is more liberal in his views and outlook, nationalistic in outreach and more politically and economically sound. Nigeria will be better off with an Atiku presidency.

It is either an orchestration to make Fashola fail, or a result of the lack of vision as I alluded to earlier that possibly explains why PMB saddled a trained lawyer with the huge responsibilities of overseeing 3 very important and technical ministries. Even the selection- after six months in office, of his cabinet, shows that Buhari does not only have no vision, no mission but also no clue.

Buhari’s mission is more about making up for the percieved losses suffered by the North during the regimes of Olusegun Obasanjo and Goodluck Ebele Jonathan. And this is more explicit in his appointments. Atiku will be more sensitive to our national character both in appointment and distribution of the national wealth. Remember PMB himself publicly said that he could not be expected to treat those who gave him 5% votes as he would treat those who gave him a whopping 97% votes and he has stayed true to his words.

President Muhammadu Buhari usually disengages from political activism; intellectual interactions and positive policy deliberations immediately after all the elections he lost, only to reappear in another three years, banking on the blind loyalty of his followers, whereas, Atiku stays on course and has always intervened in the national discourse at every critical juncture from a policy savvy perspective.

For over ten years, Atiku has kept intact a presidential think thank/team and has always projected himself as a leader who has a good understanding of the problems – of not only our nation, but also of the larger community of nations.

It is true that corruption is in such endemic proportions in Nigeria that it’s afflictions are life threatening. But the flip side of the coin is that it is not the greatest bane to our progress as a nation. Nepotism, favouritism, chauvinism, tribalism and too much concentration of power in the Executive arm of government have more menacing outcomes for the progress of our nation. Lack of understanding of the diversity of Nigeria cum the inability of the Buhari government to satisfy the National Character as enshrined in our Constitution is a huge failure for any one who ascends to the highest office in the land.

I am not a gerontocrat, I do not believe in Aristotle’s philosophy that “it is for the elder man to rule and for the younger to submit” and neither am I gerontophobic. The Prime Minister of Malaysia, Mahathir Mohamad is a 92 year old man. Age does not matter, but capability is important. It is more than obvious that PMB does not have the physical and mental capability required for the office of the President of Nigeria anymore. If I may ask, if you were the Chaiman of the Board of Directors of a company, would you renew the contract of a Managing Director that has performed woefully like PMB? With all his medical bills and holidays to boot!

Finally, Atiku, from his antecedents in public and private life and in the way and manner he runs his businesses today has continiuosly proven beyond reasonable doubt, that he knows his onions. We might not all agree with his tactics, but as a true capitalist myself, I know that it is often impossible for big businesses and large corporations to avoid infractions at times in the murky waters of big business with hard political choices in order to survive.

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Christmas, Cash Scarcity and Attacks against CBN’s Proactive Stance – Toni Kan

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Let us look at a few figures……..

Nigeria’s population is put at a little over 200 million people while the UK population is about 68 million. This means that the Nigerian population is about three (3) times that of the UK.

As at June 2023, the UK banking system had about 49,421 Automatic Teller Machines and almost 2.3 million Point of Sales Terminals.

By contrast, the Nigerian banking system had a little over 22,600 ATMS according to TechCabal and is projected to reach 29,000 by 2029 according to Statista. Conversely, Nigeria boasted 1,665,664 POS terminals as at December 2022. Meanwhile, figures attributed to Inlaks, which is described as Nigeria’s biggest ATM operator, suggest that Nigeria needs at least 60,000 ATM machines to serve its population of over 200 million.

Where is all this going? Well to borrow a phrase from the comedian, Jeff Foxworthy; hold my beer, sir!

Those who know me well know what my favourite Igbo proverb is. It goes something like this in translation – “the disease that gives you warning, does not kill you!” It is a proverb that underlines the imperative of proactivity, what the Igbo people might call igba mbo.

So, I was really pleased when I read that the Central Bank of Nigeria (CBN) was taking a proactive step to ensure that there is no cash scarcity this Christmas.

Nigerians love cash and that love can become obsessive and reach fever pitch at festive periods. Have you been to Abeokuta during Ojude Oba? Or to Kano during the Durbar? Or Onitsha during Ofala? Those are regional festivities. So, you can imagine what happens at Christmas!

All efforts at driving a cashless policy and economy seem to collapse when festivities come around the corner and this year, the CBN was quick to take proactive action weeks before the festivities reach fever pitch. But the apex bank’s interventions seem to be having unintended consequences even though as at the time of writing this, the apex bank had put out three (3) different circulars and one press release around the issue.

First, is a not-so-surprising pushback from the banks and then a seeming lack of understanding by the general public no thanks to rampant mis-information.

The issue of cash scarcity around the Christmas period worsened under the sway of Godwin Emefiele at the CBN. The fall-out from the disastrous naira redesign he superintended over at the apex bank continues to haunt our banking vaults but Olayemi Cardoso and team are focused on making sure we turn that dark corner.

Let us begin with the first circular dated November 29, 2024: “Cash Availability Over the Counter in Deposit Money Banks (DMBs) and Automated Teller Machines (ATMs).” The circular had two sections: DMBs were directed to ensure efficient cash disbursement to customers Over the Counter (OTC) with the CBN insisting that it will enforce the directive and ensure compliance.

Secondly, members of the general public were encouraged to report instances where they are unable to get cash Over the Counter or through ATMs. The CBN ended with a list of 37 email addresses and phone numbers across the 36 states and FCT for reporting issues.

On paper, it looked like Nigerians and the cash worries were all sorted this Christmas but it didn’t take time for the expected pushback to occur. News reports began to circulate of long queues at banks and of ATMs struggling to dispense more than N10,000. “NAN reports that long queues have emerged at ATM stands around the city as residents struggle to have access to cash…Meanwhile POS operators are currently taking advantage of the situation to demand exorbitant charges on transactions.”

While Nigerians were still trying to make sense of the reason behind the long queues, another report had an official of the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASBIFI) pointing fingers. According to the report, “ASSBIFI President, Olusoji Oluwole, told the Punch that “Banks have only two sources of cash: the CBN and retailers. The CBN has not met banks’ demands, and retailers often sell cash for profit, making it harder for banks to access funds.”

As if in response to the charge, the apex bank responded “with their full chest” as we say on social media with a December 13, 2024 circular – Updated Penalty on Inappropriate Cash Disbursement Practices by Deposit Money Banks (DMBs) in which it condemned the “illicit flow of mint banknotes to currency hawkers and other unscrupulous economic agents that commodify naira bank notes thus impeding efficient and effective cash distribution to banks’ customers and general public.”

Giving bite to the circular the CBN said any bank found culpable of “facilitating, aiding or abetting, by direct actions or inactions, illicit flow of mint banknotes” would be fined N150m and then hit with the full weight of the relevant provisions of BOFIA 2020.

This time no pointing fingers were seen but the CBN was not done. Eager to completely squelch rumours around “the validity or lack thereof of the old ₦1000, ₦500, and ₦200 banknotes” the refusal of which was contributing to the long queues, the CBN issued a press release shutting it down: “The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old ₦1000, ₦500, and ₦200 banknotes currently in circulation….the CBN wishes to reiterate that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the ₦1000, ₦500, and ₦200 denominations of the Naira indefinitely.”

The third circular from the CBN which it said was in line with its “ongoing efforts to advance a cash-less economy” seems to have hit a raw nerve among Nigerians who, as we have already noted, love their cash even though it is now an offence to spray the naira.

News outlets also seemed to also get it wrong. The CBN circular of December 17, 2024 did not put a limit on how much cash you and I can withdraw from banks. The limits imposed in the circular titled – CIRCULAR ON CASH-OUT LIMITS FOR AGENT BANKING TRANSACTIONS – are “for agency banking operations” and as reported by TheCable is among interventions intended to address “identified challenges, combat fraud and establish uniform operational standards across the industry.”

Now, can I have my beer back as I attempt to outline how easily well-intentioned policies are rubbished by that euphemistically named malady known as the “Nigerian factor”.

The ASBIFI official was quick to point fingers even though simple logic can show that Over the Counter cash scarcity and at ATMs has little to do with the CBN or its cash distribution operations but with our Nigerian any-how-ness.

Let’s consider this. How is it that banks cannot fill up 22,600 ATMS, most of which are within or in close proximity to their branches but can afford to give cash to 1.6m PS operators? Doesn’t this seem to suggest that someone is out to make sure that the ATMs don’t have cash while the PoS operators continue to make a killing?

And why does it seem right that Nigerians should continue to pay between N250 and N400 per N10,000 withdrawals to PoS operators when ATM charges are far lower at N35 and only after you have made multiple withdrawals from other bank ATMs?

Oh, bankers have said ATMs are difficult to maintain on account of several factors and this takes us back to the figures we shared from the UK. Of the 49,421 ATMs in the UK, “78% were free to use” during the period under reference. So, why do we always talk about maintenance when it comes to Nigeria? Imagine if we paid N10 per ATM transaction, wouldn’t that be better than paying N250 to a PoS operator for every N10,000 withdrawn?

And for context, in 2014, data on various e-payment channels indicated that Automated Teller Machines (ATMs) remained the most patronised payment mode in Nigeria accounting for 89.7% of all electronic transactions with PoS transactions accounting for just 4.58 per cent. Today, the reverse is the case and the question to ask remains; what changed? The answer has something to do with financial inclusion but that is a topic for another day.

As you ponder that poser, ask yourself why is it always difficult to get mint bank notes over the counter in the banks meanwhile, step into any event center and you will see some hawker waving bright new notes in your face. Surely, they don’t get those notes from the CBN.

When the CBN referenced the Supreme Court ruling granted on November 29, 2023 to the effect that the old notes are still legal tender, their X Formerly Twitter page was filled with bile. But what many are failing to contend with is that the current leadership is only trying to make sure the mess they inherited doesn’t get worse.

As we prepare for Christmas and the New Year the advice is simple; go to your bank and ask for your money or withdraw from the ATMs and if you suspect any funny business, email or call the hotlines provided by the CBN.

Say no to any-how-ness this yuletide.

 

Toni Kan is a PR expret and financial analyst.

 

 

 

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Aviation Minister Leads Delta APC Leadership To National Chairman, Advocates Unity Ahead of 2027 Elections

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The Honourable Minister of Aviation and Aerospace Development, Olorogun Festus Keyamo SAN, today, led the leadership of the All Progressives Congress (APC) in Delta State, to the National Chairman of the APC, His Excellency Dr. Abdullahi Ganduje, at the APC National Headquarters in Abuja.

 

During the meeting, the Delta APC leaders briefed the National Chairman on the current state of the party in the state and the ongoing efforts to reconcile party members. They presented the report of the Reconciliation Committee, which has been approved by the Delta State APC State Working Committee (SWC) and earlier submitted to the National Chairman.

The delegation emphasized the importance of collaboration, stating that the era of a one-man leadership style in Delta APC is over. They reaffirmed their collective commitment to working as a united team to reposition the party and strengthen its prospects ahead of the 2027 general elections. This new direction was evident in the composition of the high-powered delegation that visited the National Chairman.

 

In his response, the National Chairman, Dr. Abdullahi Ganduje, commended the Delta APC leadership for their efforts to foster unity and ensure the party’s victory in future elections. He assured them of his commitment to work with Delta APC leaders, including those absent from the meeting, to build a united and formidable front. During the meeting, Dr. Ganduje also spoke with Delta State APC Chairman, Elder Omeni Sobotie, who was unavoidably absent due to health reasons, and wished him a swift recovery following his recent surgery.

 

The delegation to the meeting comprised prominent leaders of the Delta APC, including: Olorogun O’tega Emerhor, OON-Founding Leader of APC in Delta State,

Elder Godsday Orubebe- Former Minister,

Senator Ede Dafinone,

Senator Joel Thomas-Onowakpo,

Rev. Francis Waive- Member, House of Representatives and

Hon. Victor Ochei-former Speaker, Delta State House of Assembly.

The meeting was concluded with a renewed sense of purpose among the Delta APC leaders and a shared commitment to repositioning the party for electoral success in 2027.

 

 

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Just In: Alleged N110.4billion Money Laundering: Yahaya Bello Begs Court: Spare me Landed Property in Maitama for Bail.

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A former governor of Kogi State, Mr. Yahaya Bello has pleaded with Justice Maryann Anenih of the Federal High Court sitting in Abuja to spare him the possession of a landed property in the Maitama district of Abuja as one of the conditions for bail.

 

Details later…

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