Sunday, 31 August 2014

THE LAGOS STATE GOVERNMENT, TAX REVENUES AND ALPHA BETA COMPANY

Gov. Babatunde Raji Fashola has done considerably well as the Governor of Lagos State. In fact, I would even say he is the best Governor Nigeria has ever had! I am 47 years and 4 months old; so I have seen many Governors mark time in our State Houses across our nation in the last four decades. In my opinion, Gov. Fashola has even done better than Alhaji Lateef Jakande who was celebrated nationally in the 1980s as an "Action Governor". 

As an alumnus of the University of Benin, I am proud of Gov. Fashola's achievements. I didn't know him personally in UNIBEN. But I remember him as a lanky footballer. He always looked very smart in his kit. When he was chosen by Asiwaju Bola Ahmed Tinubu as his successor in 2007, few gave him a chance. Fewer still had even heard of him. I remember my surprise when I saw a billboard bearing his campaign poster and I immediately recognised him as that Law student whom I used to come across in the Social Sciences Faculty building of UNIBEN. The Law Faculty had no building of its own in 1983-1987 while we were students there.

Gov. Fashola has made Lagos a liveable city. I have lived in Lagos since July, 1974, when my Mum took me and my brother from Uromi, our home-town, to join our Dad in Lagos. I had my primary and secondary education in Lagos; I did my National Youth Service in Lagos; and I have worked and paid taxes in Lagos since 1989. I can bear witness to the transformation of Lagos since Gov. Babatunde Raji Fashola took the reins of leadership. It will be hard for any successor to outshine Gov. Fashola.

My only pain about Gov. Babatunde Raji Fashola is that he has been unable or unwilling to free himself of servile loyalty to Asiwaju Bola Ahmed Tinubu. Imagine how much more Gov. Fashola would have done had he had the liberty to choose his cabinet and use ALL the resources of Lagos State for the benefit of Lagosians.

Indeed, some would even argue that, given the immense financial resources available to Lagos State by way of internally generated revenue, allocations from the Federation Account, and the credit facilities at its disposal (Lagos State accounts for about one-sixth of Nigeria's external debt), Gov. Fashola is probably under-performing! At least, my friend, Debo Adeniran, the Executive Director of the Coalition Against Corrupt Leaders (CACOL) has said that much.

One issue which sticks out like a sore thumb is the role of Alpha Beta Company in the collection of taxes in Lagos State for which it receives a commission on all tax revenues. The exact amount being paid to the company has been a matter of conjecture. Some say it is 5% of the tax revenues, others claim it is as high as 15%. Even 1% is a huge proportion of the tax revenues of a state as commercially buoyant as Lagos. Alpha Beta Company is widely believed to be owned by persons closely connected with Asiwaju Bola Ahmed Tinubu.

What is the role of the Lagos State Internal Revenue Service if its statutory function has been ceded to Alpha Beta Company? One might have justified the need for a tax consultant in 1999, when civilians took over government from the military, to put in place an efficient tax administration system. A three-year contract would have sufficed. As it is today, Alpha Beta is merely a rent collector. It is amazing that such a blatant rape of the state's resources is being done with the support of the legislature.
How can anyone rationalise the barefaced corruption manifest in paying out tax revenues to an agent connected to a former Governor of the state?

I am in no doubt that, some day, relevant officials of the Lagos State Government would be called to account for the monies now being gleefully received by Alpha Beta Company. It's only a matter of time. I hope Gov. Babatunde Raji Fashola, SAN, has rehearsed well how he would extricate himself from complicity for allowing this rape of Lagos State.

Eko oni baje.

Eko di fure!

Nigeria di fure!

Tuesday, 19 August 2014

“HOW DO PEOPLE SURVIVE WITHOUT GOD?”

 A dear friend of mine asked in her Facebook post, "How do people survive without God.....?"

My response: "Surviving without God is easy....people replace GOD with RELIGION. God desires a personal RELATIONSHIP. And that is only possible through His Son, Jesus Christ. INTIMACY with Christ by the Holy Spirit is the real thing. It ensures one thrives in life not merely survive."


Have you made Jesus Christ your Lord, Saviour, King and GOD? Are you sure if today, Wednesday, 20th August, 2014, were you last day on earth you would be with Him in Heaven? Be true to yourself. If you have doubts about your salvation and/or fear about your place in eternity, then you need to (re)confirm your salvation. You cannot afford to gamble about eternity. You MUST be sure. It is not about wishing or hoping that you are saved. Religion is not enough. You cannot impress God with your good works. He calls even your "righteousness" FILTHY RAGS. You need the righteousness which only Jesus Christ freely bestows on you when you make Him your Lord, Saviour, King and God. You receive that righteousness when you become born-again.

And being born-again is not about "enlisting" in a particular Church. Your joining or attending a "born-again Church" does not make you born-again. Even becoming a faithful Church worker, becoming a member of the leadership or even being ordained as a Pastor does not make you God's child.

You become God's child by BIRTH: BIRTH BY THE HOLY SPIRIT. It happens the moment you sincerely acknowledge that you are a sinner and you ask Jesus to save you. 

You can be born-again today.....even as you read this. If you want to become a born-again Christian, please pray as follows:

"Heavenly Father, I come to you today,
I acknowledge that I have sinned against you. I am a sinner.
Today, I repent of my sins. 
I believe that you sent your Son, Jesus Christ, into the world to die for my sin.
Lord Jesus, I invite you into my heart today.
Lord Jesus, come into my life. Be my Lord; be my Saviour; be my King.
I believe in my heart that Jesus Christ is Lord.
And I confess with my mouth that Jesus Christ is Lord.
Thank you, Father, for saving me.
Thank you, Jesus, I am redeemed.
I am born-again. I am now a new creature in Christ Jesus.
My name is written in the Book of Life.
I will never be the same again.
I renounce sin. I renounce the devil. Jesus is now my Master.
Praise God!"

HALLELUYAH! 


My dear friend, if you prayed that prayer sincerely, I congratulate you. That was the same kind of prayer that Dr. Kaiser Etta got me to pray on Saturday, 16th April, 1983. And I became born-again. It's really that simple. I have never been the same since then. Praise God!

Welcome to the Family of GOD! Now go and tell all your friends about it. Then look for a good Bible-believing and Bible-teaching Church in your neighbourhood. Ask to see the Pastor and tell him/her you would like to attend their New Believers Classes and that you want to be baptised with the Holy Spirit. If he/she is truly anointed by God as His minister, he/she would know what to do.

One more thing:
If you prayed the prayer, send me an email and tell me about it. I want to know you. I want to be a spiritual mentor to you. And I want to be your friend (a real friend; not just your "Friend" like on Facebook. LOL!).

God bless you!

Your glorious adventure in the Holy Spirit has just begun.........




Thursday, 7 August 2014

ISLAMISM: MUCH ADO ABOUT NOTHING?

I used to be alarmed when Christians downplay the danger of Islamism. Not anymore. Some are sincere and ignorant. In their naivety, they think the best of all human beings and are content to remain in the bubble ideal world which they fantasise about. Some are simply in denial. 

The ones in denial understand the dangers of Islamism but, for the sake of political correctness, they cannot acknowledge the inconvenient truth about jihadist Islamists. It would upset their world. They would have to take a stance. They are conflicted. They could be called bigots. They could be called Islamophobic. They could lose face; lose friends; lose position; lose business relationships. So it serves their self interest to be indifferent. They decide to ignore the gentle tug of their conscience.

After all, they rationalise, they really need not speak out against Islamists. God understands. They must be tolerant. They must be socially acceptable. They have not rejected Jesus. Don't we all serve the same God? They would just worship God in private and not offend anyone. Faith is personal. Why upset anyone? God understands.

To be sure, I reiterate for the umpteenth time: Islam and Islamism are not the same thing. Islam is what my friend, Abba Bello, practices. Islam is what my professional mentor, Alhaji Muhammad Kabir Ahmad, practices. Islam is actually what most Muslims practice. They love their friends and family like anyone else. They are peaceful and peace-loving. They are content to serve Allah and be at peace with those who choose not to do so.

Islamists are a minority. But a very vocal minority. They intimidate and antagonise the average Muslim. They think they are not genuine .Muslims. They follow the Salafist doctrine which pushes Political Islam. They want an Islamic Sultanate. They want full implementation of Shariah Law. They want everyone else to become like them......mandatorily. They want their Islamist control and domination of all spheres of human societies: education, law, judiciary, politics, religion, culture, Economics, financial services, military, government etc.

When we think of Islamists, we often imagine the Talibans, Al Qaeda, Al Shabab, ISIS, Boko Haram and other jihadist terrorists. So we ignore the Islamists who are subtle, urbane and civil. We think: how could these gentle, exposed, civilised, tolerant intellectuals, businessmen, academicians and professionals be Islamists? We are disarmed by their charm, their intelligence, their eloquence, their charisma. So we ignore the cues. We overlook the signs. We make excuses for them. After all, we went to the same school with them. They were our colleagues in the office where we worked. Surely, they could not be Islamists......like those folks who blew up the Twin Towers of the World Trade Centre on 9/11. How could they be? Let us not even think about it.

How could Emir Sanusi Lamido Sanusi be an Islamist? How could anyone regard Ogbeni Rauf Aregbesola as an Islamist? Or even......

LOL! No, I will not mention other names. Some names probably came to your mind. LOL!

The violent and militant Islamists. The gentle and suave Islamists. The difference? The latter deploy Taqqiyah to great effect. But the objective is the same: to ultimately create an Islamic Sultanate. In the case of Nigeria, to dip the Quran in the Atlantic Ocean as Alhaji Ahmadu Bello said he would like to see happen some day.

Islamists and Islamism are the greatest threat to humanity today. This is why even countries with a majority Muslim population like Saudi Arabia, Egypt, Tunisia, Turkey, United Arab Emirate, Jordan, Morocco, Algeria, Qatar and Kuwait have zero-tolerance for Islamists and Islamism. They are wise.

All Nigerians, whether Muslims, Christians or people of other faiths, must rise and stand against Islamism and Islamists. The war must not be limited to the terrorists. The "benign" Islamists are just as dangerous. It is folly to assume they pose no threat. We must learn from Egypt.

God bless you.

God bless Nigeria.

Nigeria di fure!

WHO DO YOU REALLY SERVE?

In March, 2003, I traveled to a state in the South-South geopolitical zone of Nigeria for a meeting with the State Governor. The state had set aside N2Billion to start a bank and wanted us to serve as the consultant to assist it obtain a Banking Licence. When I arrived at the Government House, the State Governor was in another meeting and directed the Secretary to the State Government to meet with me in his stead. There were two Commissioners in attendance at our meeting.

We had proposed a consulting fee of N25million but we were willing to accept N15million at the least. To my surprise and utter disbelief, I was told to revise our fee quote upwards to 10% of the N2Billion which the state had already set aside to meet the Central Bank of Nigeria's minimum Paid-up Share Capital requirement at the time for Deposit Money Banks. The state officials told me that we would be paid N25million as our fee as we proposed and that the balance of N175million would be theirs! They probably expected me to negotiate for a share of the N175million. I knew then that the transaction was not the Breakthrough I thought it was. At the time, I had very pressing financial obligations to meet. I walked away from the transaction.

I know God is; I know I am Heaven-bound; and I am determined that mammon would never rob me of my intimacy with God and eventually take me to hell.

The greatest rival to God on earth today is not satan. It is mammon: the Love of Money.

Men and women have done unimaginable things because of their love of money. They have stolen; they have killed; they have destroyed; they have betrayed friends, family and country; they have even sold their souls to the devil; and they have indulged in the worst perverted acts possible.....for money.

Jesus said you cannot serve two masters; you cannot serve God and mammon.

Who do you REALLY serve: God or mammon?

Saturday, 2 August 2014

TIME TO BID SHEIKH RAUF AREGBESOLA FAREWELL

The good people of Osun State will be going to the polls this Saturday, 9th August, 2014. They will be deciding who the next Governor of their state is. It is their chance to see the back of Sheikh Rauf Aregbesola, the Champion of Islamism in the South-West geopolitical zone of Nigeria. It is time to bid Sheikh Rauf Aregbesola farewell.

No other Yoruba politician has so overtly and unabashedly exhibited his/her religious zealotry like Rauf Aregbesola has done since he mounted the high office of the Executive Governor of Osun State. His religious bigotry is a first in the politics of South-West Nigeria. The revered sage, Chief Obafemi Awolowo, never allowed religion to rear its head in the politics of Yoruba land throughout his days. In the second republic, Alhaji Lateef Jakande, the Governor of Lagos State at the time, came to be known as “Baba Kekere” as he was widely perceived as the respected elder statesman’s anointed successor as the Leader of the Yoruba. Chief Obafemi Awolowo was a Christian. Alhaji Lateef Jakande is a Muslim. Religion was not issue in the Unity Party of Nigeria (UPN).

Unlike the All Progressives Congress (APC) which has shown that Christians are only good enough to hold office in both its Interim National Executive Committee and the newly selected National Executive Committee as Deputies and “Ex-Officio” members while reserving the key positions for Muslims, the Unity Party of Nigeria was open to people of all faiths. I have wondered whether the APC’s choice of its new NEC members was borne out of naivety, insensitivity, arrogance or sheer folly. I guess it is really hard to hide what one is at one’s core.
Sheikh Rauf Aregbesola does not even try to veil his Islamist agenda. The controversy about the use of Hijab by Muslim female students in public schools founded my Christian Missionary organisations is still fresh in our minds. To be fair to the Governor, the issue pre-dated his administration; but it was exacerbated by the ill-conceived Education Policy introduced by the Governor which made turned some single-gender schools into mixed schools and some Muslim groups attempting to impress their religious identity on schools which were originally Christian schools by encouraging Muslim girls to wear veils even though there is no consensus among Muslim scholars as to whether it is actually mandatory for girl-children to do so.

In March, 2013, the Chairman of the Christian Association of Nigeria, Osun State Branch, Superior Evangelist Abraham Aladeseye, and the Secretary, Rev. Father Gbenga Ajayi, had a press conference in Osogbo, the state’s capital, during which they drew the world’s attention to the Governor’s Islamic Agenda. They cited several instances of the Governor’s zealotry to prove their case. But most curious was the Governor’s change of the motto of the state. The Christian Association of Nigeria believes that the government might have changed the name of Osun State from “State of the Living Spring” to “State of the Virtuous”, because “Jesus Christ is referred to as the living spring”. No; don’t laugh just yet. Yes; I know it sounds like paranoia to read meanings into a thing as benign as the state’s slogan. But this underscores the level of religious distrust which the Governor of Osun State has needlessly foisted on his people. CAN also pointed to the declaration of a public holiday by the Aregbesola administration to mark Hijra. It noted that “not even in Sokoto, the seat of the caliphate, is Hijra declared a public holiday”. Hijra is the migration of Prophet Mohammed and his followers from Mecca to Medina.

The Governor’s relationship and patronage of the Jama’at Ta’awunil Muslimeen (TAAWUN), a fundamental Islamist group, is curious. TAAWUN has been another subject of controversy. Aregbesola relishes controversy. TAAWUN reportedly provides security for the Governor. The Department of State Security has taken keen interest in the group. Not a few Osun indigenes have expressed fears about the group’s possible linkage with Islamist terrorist groups outside the state. 

Perhaps, the issue which most underscores Aregbesola’s Islamism is his issuance of Shariah-compliant Sukuk Bonds. The “State of Osun” Sukuk Bond was issued in October, 2013. The Sukuk Bond was issued in accordance with enactment of “the Osun State Bonds, Notes and Other Securities Law 2012” under which the Osun Sukuk Company Plc was established. The state raised the sum of N11.4Billion. Interestingly, contrary to the popular belief that Sukuk Bonds are non-interest bearing (interest charges – Riba - are considered haram in Islam and, therefore, forbidden), Osun State’s Sukuk Bond has a fixed rate of return of 14.75%. The yield offered was the same as that which the state paid in 2012 to sell a conventional seven-year bond worth N30billion. Clearly, the motivation to issue the Sukuk Bond was religious not financial. Why borrow funds with a religious connotation at the same rate as you would borrow from the secular financial markets and court needless religious acrimony? 

Anyway, our jihadist Governor was duly rewarded for being the first to issue such a Sukuk in Nigeria, nay, Sub-Saharan Africa. The transaction was given the Deal of the Year Award by Islamic Finance News in February, 2014, in Dubai.

You should read the article by Sultan Sooud Alqassemi which he titled “The Myth of Islamic Finance”. Hear what this highly-respected and committed Muslim scholar, who holds a Masters degree in Global Banking and Finance from the European Business School in London and is a non-resident Fellow at the Dubai School of Government, had to say about Islamic Finance:

One of the latest additions to such urban legends as the Loch Ness monster, UFO’s and environmentally friendly land reclamation is what is now known as Islamic Finance. A new scam that started in the second half of the twentieth century and only really took off in the last three decades. One could wonder why the Islamic world needed 1,400 years to invent such a system. One may also wonder why we never hear of such terms as Christian, Jewish or Hindu Finance?........ Did you ever wonder why in the Kingdom of Saudi Arabia which is the cradle of Islam there isn’t one openly Islamic bank? And yet the UAE with 20% of KSA’s population has five such banks, three of them white washed. In KSA when a client goes to open a deposit account banks openly ask her if she wants a “riba account” which means an account that pays interest, the majority of clients decline as it is seen as “morally unacceptable[8]” which leaves the banks to rack in the profits. With deposits approaching $150 Billion in 2006 and little interest charges to pay the clients no wonder they are amongst the most profitable banks in the world. A professor from the Wharton School in the US argued that “it serves little purpose to extend financing with interest charges using a set of tricks that disguise them as something else.[10]” In today’s world, more and more people are looking for salvation, even if it was a trick; in this case salvation got an Islamic disguise.”

You can Sultan read the entire article using this link: 

Shocking?! Yes. And he is a Muslim!

There are constitutional, legal and moral issues which Aregbesola’s Sukuk Bond raises and which must not be ignored especially since Nigeria is still grappling with religious tensions exacerbated by the activities of the Islamist terrorist organization, Boko Haram. Section 10 of the Constitution of the Federal Republic of Nigeria states that “The Government of the Federation or of a State shall not adopt any religion as State Religion”. A Sukuk Bond is issued in compliance with the requirements of Islamic Shariah Law. It is a financial instrument based on the injunctions of a particular religion: Islam. The issuance of a Sukuk Bond by the Osun State Government is an expression of its preference for Islam. This is a fundamental breach of the spirit and letter of the Nigerian Constitution which Aregbesola swore to uphold.
Like the rest of Nigeria, the people of Osun State are multi-religious. The sensibilities of its non-Muslim population must not continue to be taken for granted. The debt-burden of a Sukuk Bond rests on all the people of Osun State; including those who are non-Muslim. Why should non-Muslim Nigerians be compelled to carry the burden of a Sukuk liability? It was wrong for Aregbesola to source loans based on compliance with the religious requirements of Islam when a large number of his constituents do not subscribe to his religion.

Some proponents of Islamic Sukuk have cited the announcement last year by the British Prime Minister, David Cameron, of plans for the United Kingdom to issue a Sukuk Bond as grounds for Nigeria and other states of federation to do the same. The religious atmosphere in the United Kingdom is not comparable with Nigeria’s. In fact, unlike in Nigeria, religion increasingly plays a very little role in the lives of most of the citizens of the U.K. It is erroneous to use the U.K. situation in judging Nigeria. Religious tensions in Nigeria are real and the country remains highly vulnerable to extremist tendencies.

The issuance of the Islamic Sukuk Bond by Osun State deepened the already tense religious situation in the state and our nation. It is utterly reckless for Aregbesola, who should have been working at promoting religious harmony, to have so blatantly used religion for his own personally political ends.

It is time that the people of Osun State put an end to this obtuse bigotry of Sheikh Ogbeni Rauf Aregbesola. It is time to send him out of the Osun State Government House. No doubt he will be at home amongst the Talibans and ISIS.

God bless Osun State.

Osun di fure!

God bless Nigeria.

Nigeria di fure!