Saturday, 16 June 2012

ILLEGAL ISLAMIC BANKING AND THE USURPATION OF THE NIGERIAN LEGISLATURE



“There are no provisions in the CBN Act and the Banks and Other Financial Institutions Act that empower the CBN Governor to issue a licence for non-interest financial institution to operate under the principles of Islamic jurisprudence without the approval of the Head of State through the Minister of Finance. Unlike the other specialised bank, the Jaiz International Bank Plc can only be established in the country with the intervention of the National Assembly by amending the BOFI Act. This case is hereby struck out for lack of locus standi, but the AGF should take steps to remedy the situation, and further ensure that the CBN carries out its duties within the provisions of the law establishing it”.

........Justice Gabriel Kolawole of the Federal High Court, Abuja.



Finally, there has been a pronouncement on the vexed issue of the illegal introduction of Islamic Banking in Nigeria by the Sanusi Lamido Sanusi led Central Bank of Nigeria without recourse to the National Assembly to amend the Banks and Other Institutions Act in order to accommodate it. Punch newspaper reported that Justice Gabriel Kolawole of the Federal High Court, Abuja, made the ruling quoted above on Friday, 15th June, 2012, while giving judgment in the case instituted by Godwin Ogboji against the licence issued to the Jaiz International Bank Plc to carry out Islamic banking in the country. The suit was, however, struck out on the grounds that the plaintiff lacked the locus standi to institute it. However, Justice Kolawole noted that had the plaintiff not lacked the locus standi to initiate the action, he would have nullified the licence issued to the Islamic bank. He called on the Attorney General of the Federation to remedy the situation and ensure that the CBN complies with the law. The story is available online at this link: http://www.punchng.com/news/sanusi-lacks-power-to-establish-islamic-bank-court/

But the issue of the locus standi of the plaintiff is somewhat curious and is bound to generate controversy. Can a bona fide Nigerian citizen not sue an agency of the Nigerian government for actions which would undermine his human and constitutional rights? Or even actions that are blatantly illegal merely because he or she is a citizen concerned about upholding the rule of law? If the Attorney General of the Federation is conflicted because of religious, social, political or even economic reasons and chooses not to act in this particular instance as recommended by Justice Kolawole, what remedy is open to the ordinary Nigerian to ensure that the Central Bank of Nigeria complies with the provisions of the Banks and Other Financial Institutions Act (BOFIA) with regard to Islamic Banking?

I am concerned that, while the judgment of Justice Kolawole is well-intentioned, it is in reality superfluous and unenforceable. The Central Bank Governor had called the bluff of opponents by asking them to “go to court” probably thinking that nobody would do so. The issue of contention had been the manner in which he introduced Malaysia-style Islamic Banking contrary to the provisions of BOFIA which actually already stipulates Profit and Loss Sharing Banking as the form of non-interest banking to be practised in Nigeria. Unlike his predecessors, some of whom were committed Muslims, Sanusi has demonstrated his inability to extricate himself from his Islamic fundamentalism and conduct the affairs of his office without prejudice to the rights and sensibilities Nigerians of other faiths. I expect that the CBN would hurriedly file an appeal against Justice Kolawole’s ruling even though he struck out the suit. To most Nigerians, despite his populist and “radical” posturing, Mallam Sanusi Lamido Sanusi’s Islamist agenda is no longer in doubt.

But even more worrying is the fact that the Seventh National Assembly may still be unable or unwilling to act on the issue of Islamic Banking in order to stop its usurpation by the CBN which has abused its regulatory powers in a manner that is tantamount to legislation as regards this issue. Not a few Nigerians were embarrassed and disappointed when in July, 2011, the National Assembly summoned the CBN Governor to appear before it to clarify the Bank’s position on Islamic Banking and the Cashless Policy only for the Deputy Speaker of the House (Emeka Ihedioha), who stood in for the Speaker (Alhaji Aminu Tambuwal) who was conveniently absent, to prevent the members of the House who had questions for the Governor from speaking. The highpoint of the charade was when some members gave a standing ovation to Sanusi! It is indeed ironic that the same House of  Representatives is about to amend the CBN Act so as to curtail the Governor’s powers simply because its members were incensed by the refusal of Sanusi to submit the CBN’s Budget to it.

The greatest challenge to our fledgling democracy today is impunity. The certainty that there would be no consequences for illegal activities is the bane of our nation. Corruption thrives because of impunity. Government officials at all levels are inept because of impunity. Our people remain impoverished because of the impunity of our Kleptocrats. The Rule of Law is nothing but a mere politically correct slogan mouthed by our “leaders”.

The National Assembly must wake up to its responsibilities and ensure that laws are obeyed especially by government agencies and public servants. It must no longer tolerate the usurpation of its legislative functions by inordinately ambitious public servants like Mallam Sanusi Lamido Sanusi.






Sunday, 10 June 2012

Five Quick-Win Issues for President Goodluck Jonathan's Attention

Most of my friends and acquitances know how I vigorously campaigned for Dr. Goodluck Jonathan to be elected Nigeria's President last year. I believed he was the best choice of the three leading candidates. I still do. While I am disappointed with his performance thus far, I believe he could still make a transformational difference in the next three years of his tenure.

Here are my thoughts on Five Quick-Win issues for GEJ's attention so as to save his Presidency from growing public odium:

1. Immediately arrest and prosecute the sponsors and financiers of Boko Haram in the PDP who are already known to the intelligence agencies as his National Security Adviser hinted publicly some weeks back in Asaba.

2. Affirm his decision not to seek a second term as President which was a "campaign promise" he publicly and voluntarily made early 2011.
3. Remove his non-performing Ministers and other heads of Departments and Agencies; especially the Minister of Petroleum Resources and the Minister of Aviation for their vicarious liability with regard to the fuel subsidy fraud and the crash of the Dana Airline plane.
4. Cancel the Concession Agreement with Bi-Courtney for the re-construction of the Lagos-Ibadan Expressway and immediately commence the re-construction of the road with government resources to stop the carnage on that road.
5. Publish his Assets Declaration and ensure the diligent prosecution of all those indicted by various National Assembly Probe Panels for corruption/fraud (Power Sector, Fuel Subsidy, Police Pension, Capital Market etc.) and former Governors and other politically exposed persons indicted by the EFCC/ICPC; particularly in the Halliburton and Siemens cases.

I hope GEJ can muster the will and courage to do the above.

Monday, 4 June 2012

NADINE IS GONE

The Dana Airline passenger manifest for the Abuja-Lagos flight which crashed yesterday, which some person(s) had released without due process and circulating irresponsibly on various social media with no care about the sensibilities of the victims' families and friends, had the name "N. Chidiac" on it.

Could it be NADINE CHIDIAC? I called her number several times. It didn't even ring. I called a... mutual friend to know if it was Nadine. He was not sure but expressed fear that it could be since the name Chidiac, a Lebanese name, was unique in our Nigeria. A while ago, I googled her name and came across her photograph on Dele Momodu's Lockerz page with this written: "What a cruel world, Nadine Chidiac, Rest in Peace!"

So NADINE CHIDIAC is no more?! Unbelievable!! I met Nadine during the Easter weekend in 2003 when my wife and I went to spend the weekend at the Peninsular Resort in Lekki, Lagos. She was then the Manager of the Hotel. I spent time with Nadine in her office and we talked for long like old friends even though we only just met. I shared the Gospel of Christ with her and, though she had been deeply religious and always went to Church, she asked me to pray with her to receive Jesus Christ as her personal Lord and Saviour. And so she gave her life to Christ during that meeting. Praise God! We became good friends.

Nadine was was very beautiful, charming, empathetic and professional. She always had friendly smiles for everyone. She left Peninsular Resort soon afterwards and went on to manage Oceanview Restaurant and Robert's Cafe before setting up her own outfit, Nadine Integrated Services Ltd.

Nadine is gone. But I shall see her again.....at Jesus' Feet.

May the LORD give her young daughter (bless her sweet soul!) and her entire family the strength to bear this irreparable loss in Jesus' Name. Amen!

Sunday, 27 May 2012

......AND NABIL HANGA IS NO MORE.

It was my friend, Kelechi Deca (Editor-in-Chief of The Economy magazine), that drew my attention to the story of Nabil Hanga's demise and, last Friday, I called my friend and Nabil's boss, Ismaila Zakari, to confirm it. I was deeply saddened and lost for words when he affirmed that Nabil had indeed passed on.

I met Nabil for the first time (and, sadly, the last time!) on Saturday, 29th October, 2011, when he came to present a paper on fighting corruption on behalf of Ismaila Zakari at the Lagos Launch of Stand Against Corruption and Kleptocrats! (SACK!). He was suave, urbane and came across as very intelligent; yet he was somewhat self-effacing and humble. He was only called upon by Ismaila that Saturday morning of the SACK! Launch to represent him as he was part of the NIPSS class set which was due to meet with the President. Nabil dutifully accepted the directive even though he had prior plans for that day. He tried to leave the programme early to meet up the other appointment but conceded to my persuasion that he should stay till we were done.

Nabil died because there was no neuro-surgeon in the hospital to immediately operate on him when he was rushed there. His family and friends raised $100,000 and flew him abroad. But it was too late to save Nabil. Please read his story with this link: http://www.bellanaija.com/2012/05/14/for-nabil-by-anonymous/

It is tragic that such a young and enterprising Nigerian, whose life held so much promise, should die needlessly at just 26 years of age.

Life has become too cheap in Nigeria. In most other nations, because of the immense value they place on human life, people who work in the health sector are among the best paid employees. The reform of our health-care system must include assuring competitive remuneration for our doctors and other health professionals in both the public and private sectors so as to minimise the lure of employment abroad.

May God grant the Hanga family the fortitude to bear this irreparable loss.

Friday, 6 April 2012

NIGERIA, ISLAMISM AND THE ISLAMIC DEVELOPMENT BANK


In some ways, I truly admire Mallam Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria. He is not just a very intelligent, suave, populist orator; he is also a great strategist. While he still continues to be irritatingly loquacious and he stubbornly experiments with his inane ideas and policies which are destroying the capital market, the banking industry and the economy, one cannot but admire his single-minded commitment to foist his Malaysia-style Islamic Banking on Nigerians despite superior and rational arguments that have been canvassed by a number of informed people that a uniform and religion-neutral Non-Interest Financial Institutions (NIFI) Framework should be issued by the Central Bank of Nigeria to replace its extant NIFI Guideline. But that is not even the issue of our discourse here.


Not many might have noticed that Mallam Sanusi Lamido Sanusi has since taken a back seat with regard to the promotion and advocacy of Islamic Banking. His advisers and fellow Islamists must have told him he would help their Jihadist cause better if he worked from the shadows. Now, my friend and former colleague at the Nigeria Deposit Insurance Corporation (NDIC) where we were both Senior Managers in 1996, Dr. Yerima Ngama, the Honourable Minister of State for Finance, has stepped forward as the new face of Islamic Finance advocacy and promotion in Nigeria. He has even been designated the Islamic Development Bank “(IsDB) Governor - Nigeria” And the Vice President, His Excellency, Arc. Namadi Sambo, has found himself being pushed forward by his subordinates to give “Presidential endorsement” to the Finance Agenda of Political Islam. Kudos to SLS!!


Sanusi must be feeling triumphant that Islamic Finance appears to be on the march in Nigeria. He has succeeded in making all the financial regulatory bodies in Nigeria to sanction Islamic Finance in one way or the other. The Securities and Exchange Commission, the Nigeria Deposit Insurance Corporation, and more recently, the National Pension Commission have all made some adjustments to their regulatory guidelines to accommodate “Shariah-compliant” financial products and services.


The Transcorp Hilton Hotel, Abuja, played host to The IsDB- Nigeria Business Forum which took place from 15th to 16th March, 2012. The Islamic Development Bank and its partners pulled out all the stops to put up a display designed to impress its foot-print on the African Jewel south of the Sahara. It’s delegation included its Group President, Dr. Ahmad Mohamed Ali Al-Madani, Dr. Birama B. Sidibe (Vice President, Operations), Dr. Abdel Rahman Taha (CEO, Islamic Corp. for the Insurance of Investment & Export Credit),  Khaled Al-Aboodi (CEO, Islamic Corporation for the Development of the Private Sector), and Dr. Waleed Al-Wohaib (CEO International Islamic Trade Finance Corporation). The “Country Hosts” were said to be the Coordinating Minister for the Economy & Hon. Minister for Finance, Dr. Mrs Ngozi Okonjo-Iweala, Hon. Minister of State for Finance & IsDB Governor - Nigeria, Dr. Yerima Lawan Ngama, and Executive Secretary of Nigeria Investment Promotion Council (NIPC) –Eng. Mustafa Bello. Chicason Group, Jaiz Bank and Bank of Industry were the “Corporate sponsors” of the event. Sadly, the “Distinguished Special Guest of Honour and Patron of the Business Forum”, President Goodluck Ebele Jonathan, did not grace the occasion but was ably represented by Arc. Namadi Sambo.


Just last week, during the special meeting of the African Governors Forum on the Special Programme for the Development of Africa (SPDA) held in Khartoum, Sudan, the Nigerian Vice President announced while delivering his keynote address that the Islamic Development Bank (IDB) has set aside about $2billion dollars (about N310 billion) in support of Nigeria’s developmental programmes which is to span three years (2012-2014). By the way, the Opening Ceremony of the IDB programme was “graced” by Sudan's President Omar al-Bashir who is wanted by the International Criminal Court on war crimes charges.


Last February, the Federal Government sought approval from the National Assembly for its intention to borrow $7.9 billion from the World Bank, African Development Bank, Islamic Development Bank, EXIM Bank of China and Indian lines of credit. The President indicated that the funds would be used to cover pipeline projects in the 2012-2014 External Borrowing Plan. Under the plan, government will borrow $2.64 billion annually. Even before the approval of the National Assembly, Dr. Yerima Ngama disclosed that Nigeria has already applied for US$670million “interest-free loan” from the Islamic Development Bank. This “interest-free loan”, however attracts a charge which the IDB’s Disbursement Manual calls “a modest service fee, not exceeding 2.5%, to recover part of the administrative costs incurred in project identification, appraisal and supervision”. However, if it is an OCR (Ordinary Capital Resources) Loan, the service charge is 4%. It is not clear yet whether Nigeria’s Loan request is considered an OCR Loan and what the proposed Profit and Loss Sharing arrangement is between the Federal Government of Nigeria and the Islamic Development Bank on the “interest-free loan” being sought.

If you are familiar with Nigeria’s history with foreign debts, you must have been alarmed as I was.  As at 4th April, 2012, our Foreign Exchange Reserves were a mere US$35,822,362,444.10 while our States and Federal Governments' External Debt Stock as at 31st December, 2011, totalled US$5,666,579,900 Our Domestic Debts stood at N5,622,843,712,000that is about US$36,276,411,045 using a conservative exchange rate of US$1/N155. The Debt Sustainability argument that our GDP can accommodate more debts is hollow. The reality is that our cashflow as a nation cannot sustain more debts! Nigerians should rise up to say NO to the government's plans to borrow about US$7Billion for the pipelines project. However, we should even be more alarmed that, under the guise of finance, the Political Islamists in the Federal Government want to surreptitiously lure Nigeria and Nigerians into indebtedness to the religious organisation, the Islamic Development Bank.


Some would argue that the Islamic Development Bank is merely about finance and that “money has no religion”. But is the IDB really all just about finance?
 

The IDB website (http://www.isdb.org) says much which is enlightening:

Establishment

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Q'adah 1393H, corresponding to December 1973. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, and the Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975.


Purpose

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law.


Functions

The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah.


Membership

The present membership of the Bank consists of 56 countries. The basic condition for membership is that the prospective member country should be a member of the Organisation of Islamic Cooperation (OIC), pay its contribution to the capital of the Bank and be willing to accept such terms and conditions as may be decided upon by the IDB Board of Governors.


In its 1440AH (2019 AD) Vision Document it clearly states: As an Islamic development bank, IDB needs to be driven by a vision of development that is inspired by Islam. The Islamic vision of development has its roots in Religion (Deen), and is heavily governed by Divine Law (Shari’ah), ethics and morality (Akhlaq). It is predicated upon the premise that human beings are created by God to fulfil a specific mission.” IDB’s vision states: “By the year 1440 Hijrah IDB shall have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity.”


The Islamic Development Bank’s Disbursement Manual states as follows:

The Islamic Development Bank operates according to the Shari'ah principles. Shari'ah is the set of rules derived from the Holy Quran, the authentic traditions (Sunnah) of the Prophet (peace be upon him) and the scholarly opinions (Ijtehad) which are based on the Holy Quran and the Sunnah. The principles of Shariah that govern Islamic banking are the following:-

- prohibition of interest (riba) in all financial transactions, such as: riba in debts,
riba in sales, including forward currency deals and futures exchanges.
- Participation in profit and loss sharing, since return is not guaranteed in an
Islamic transaction.”


The Disbursement Manuel also states: “IDB does not borrow from the market and its operations are sustained by share-holders capital, retained earnings and funds generated internally through its foreign trade and project financing operations. The IDB has no non-regional members. The IDB is an institution established by the Ummah, for the Ummah and operated and managed by the Ummah. The IDB finances trade and development projects both for the public and private sectors, finances large and medium sized projects and small enterprises in the member countries.”


There is no doubt that the Islamic Development Bank is a religious financial institution dedicated to the promotion of Islam and Shariah-compliant finance for the benefit of Muslims. It is ridiculous when apologists say otherwise. If Nigeria were an Islamic country there would be no problem. But Nigeria is not an Islamic country and it is not part of the “Muslim world”. While there are Muslim Nigerians, Nigerians are a multi-religious people and the Nigerian state is constitutionally secular. So it cannot be OK for Nigeria to be a member of IDB or to be seeking loans from it. Nigeria has no business with IDB.



The erosion of Nigeria's secularity has been insidious over the years such that many Nigerians do not even notice it. The real issue here is POLITICAL ISLAM or ISLAMISM: the effort to impose Islam and the Principles of Shariah in the political, social and economic space of a country. For Islamists, religion should not be private to the practitioner. The state and its organs must conform to Shariah Law. Some do not even understand Islamism so naively think there is no danger when our state institutions are allowed to promote Islam against other religions in the country.


Our Naira notes have Hausa words written not in our "abidi" anglicised text, in which the language is written and taught in schools, but with Arabic script. The insignia of the Nigerian Army similarly has Arabic writings. It was Gen. Ibrahim Babangida who arrogantly went and enlisted Nigeria as a member of the Organisation of Islamic Countries without the knowledge of his deputy at the time, Commodore Ebitu Ukiwe. Commodore Ukiwe lost his office unceremoniously when he told journalists that he was unaware of Nigeria’s membership as the matter was never discussed how much more approved by the Supreme Military Council. Nigeria became a member of the Islamic Development Bank in 2005 under the administration of former President Olusegun Obasanjo. One cannot help but wonder who Obasanjo was trying to impress by this unfortunate move. I do not recall the National Assembly discussing the issue and giving its approval for the appropriation of the country’s investment in IDB’s Share Capital. Nigeria presently holds 7.69% of the bank’s Paid-up Share Capital of 17.7826Billion Islamic Dinar or approximately US$ 27.32Billion as at 25th November, 2011, making it the fourth largest shareholding after Saudi Arabia’s 23.61%, Libya’s 9.47% and Iran’s 8.28% shareholdings. Shariah was introduced in some northern states contrary to the Nigerian Constitution. Sanusi Lamido Sanusi introduced Malaysia-style Islamic Banking contrary to the Nigerian Constitution and the Banks and Other Financial Institutions Act. Sanusi also made Nigeria a founding member of the International Islamic Liquidity Management Corporation and invested US$5million in its share capital. Sanusi had also been advocating that Nigeria should issue "Sovereign Sukkuk Islamic Bonds". And now the Federal Government is seeking loans from the Islamic Development Bank when we are not an Islamic country.


No doubt, it is might be deemed to be civil and politically correct to close one's eyes to these developments so as not to be seen as "intolerant" and not be accused of being "Islamophobic". Some non-Muslim readers may even reiterate the new mantra of “financial inclusion” as the reason why Islamic Banking should not only be accommodated in the Nigerian financial system but even promoted with state funds.

Religion is a very important part of the discussion because of the unfortunate role it plays in
Nigeria's politics. It is actually the main tool being exploited by many politicians for ascendancy to office both in the north and in the south. Why was Gen. Ibrahim Babangida able to unilaterally make Nigeria a member of the Organisation of Islamic Countries? Possibly because of the fallacy that Muslims are in the majority in Nigeria? Why was a Governor able to single-handedly breach the Constitution of the Federal Republic of Nigeria which he swore to uphold and declared Shariah in Zamfara State and even the otherwise bold President Olusegun Obasanjo was intimidated not to challenge the act in the Supreme Court? Because Zamfara State is seen as a "Muslim State" since the majority of its indigenes is Muslim. Even the highly respected Muslim former Chief Justice of the Federation, Late Justice Mohammed Bello, declared that the introduction of Shariah was a contravention of the Nigerian Constitution. But today, some other northern states are Shariah states and the rights of other non-Muslim Nigerians are daily infringed there. Boko Haram has taken the cause of Islamism to a new level: it is carrying on a Jihad bombing, maiming and killing innocent people in the futile bid to make Nigeria an Islamic state.


Mallam Sanusi Lamido Sanusi and his fellow proponents of Malaysia-style Islamic Banking in Nigeria and the entrenchment of the Islamic Development Bank’s Islamist Agenda in our nation are actually on a "Financial Jihad". It is the continuation of the Islamist Agenda of Sir Ahmadu Bello, the Sardauna of Sokoto and Premier of old Northern Region, who famously said he wants to dip the Quran in the Atlantic Ocean and make Nigeria the estate of his Great Grand-Father, Usman Dan Fodio. The objective is to make out Nigeria as an Islamic country and ensure the imprint of Islam and Shariah Principles in the Nigerian government, our institutions and the Nigerian financial system. Mallam
Sanusi Lamido Sanusi is one person that has perfected the practice of Taqiyya: Sacred Deception - the Islamic doctrine of deceit to defend and promote Islam; deception which advances Islam which is not regarded as sin. He has deployed the doctrine very well so far in his Jihadist activities. But not everyone is deceived.


I am against undermining the nation's constitution and our secularity to advance Islam or Christianity for that matter. We must defend Nigeria's secularity. We cannot and must not continue to condone the deliberate actions of those whose agenda is to advance Islam and portray us as an Islamic nation. No religion should be given preference by the government in whatever way. If Nigeria must borrow, there are numerous non-religious lending institutions around the world which do not have a religious agenda like the Islamic Development Bank. If IDB is just about finance as some think, why does its "Purpose" include to "foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law."? Do the World Bank, Africa Development Bank, International Monetary Fund etc. have such an agenda?


The Islamic Development Bank is about Political Islam and the funding of projects is the bait to draw in poor nations looking for "cheap money". Nigeria does not need Islamic Development Bank's loans, interest-free or not, and its other greek gifts. We can do without Islamism’s Financial Agenda.


GOD BLESS NIGERIA!


 

Eghes Eyieyien

6th April, 2012









Wednesday, 1 February 2012

MALLAM SANUSI LAMIDO SANUSI, BOKO HARAM AND RELIGIOUS EXTREMISM

If you follow the news like I do, you would no doubt have read the latest "mis-speak" by Mallam Sanusi Lamido Sanusi, the international award-winning Governor of the Central Bank of Nigeria which was published on the upper column of the front page of Thisday newspaper of Saturday, 28th January, 2012. If you did not read the story, below is the internet link to access it:

http://www.thisdaylive.com/articles/sanusi-links-bo

Expectedly, Mallam Sanusi Lamido Sanusi later refuted the Thisday story on Sunday, 29th January, 2012, claiming that he was "misquoted". Here again is the internet link to access the story:

http://www.thisdaylive.com/articles/san

But, as any discerning reader can easily tell, Sanusi’s rebuttal was feeble, baseless and a mere, inconsequential, after-thought. A man speaks from the abundance of his heart. He may regret saying something or wish he had said it in a more refined way, but what a man says is really what he meant to say! It is straight from the heart. Sanusi’s rebuttal should have actually been about the Financial Times story published last Thursday, 26th January, 2012, not the Thisday story which was culled from it.

Part of the Financial Times story reads: “ “There is clearly a direct link between the very uneven nature of distribution of resources and the rising level of violence,” Mr Sanusi told the Financial Times in an interview, arguing that it was now necessary to focus funds on regenerating other regions if Nigeria wants to secure long-term stability”. “

The error of Thisday as perceived by Mallam Sanusi Lamido Sanusi may have been because the newspaper used the obviously offensive word "Derivation" in its caption of the story since the paper accurately captured all Sanusi told Financial Times of London.


Now, what would be the ordinary reader’s understanding of Sanusi's statement? How has the "distribution of resources" led to Boko Haram's murderous campaign?

The full text of the Financial Times story is accessible at this internet link:

http://www.ft.com/cms/s/0/02ce9e7e-4837-11e1-b1b4-00144feabdc0.html

Permit me to reproduce the full Financial Times story here to help put things in context:

Attempts to redress historic grievances in Nigeria’s oil-rich south may inadvertently have helped create the conditions for the Islamic insurgency spreading from the impoverished north-east of the country, says Lamido Sanusi, Nigeria’s central bank governor.

In the past year, the Boko Haram sect has been responsible for proliferating attacks on churches, police stations and other state targets. Last week, it claimed responsibility for multiple bomb blasts which claimed nearly 200 lives in t e northern city of Kano. The size and sophistication of the attacks underlined fears that the conflict is spiraling out of control.

“There is clearly a direct link between the very uneven nature of distribution of resources and the rising level of violence,” Mr. Sanusi told the Financial Times in an interview, arguing that it was now necessary to focus funds on regenerating other regions if Nigeria wants to secure long-term stability.

Oil-producing areas in the predominantly Christian south benefit from 13 per cent of the revenues generated from oil in their area, on top of the federal allocations they and other states receive. As world oil prices have risen over the past decade, this has led to a widening gulf in income between oil-producing states and those without oil. The commercial capital Lagos, which raises 75 per cent of its own revenue from taxes, is the exception.

This formula was introduced after the military relinquished power in 1999 among a series of measures aimed at redressing historic grievances among those living closest to the oil and quelling a conflict that was jeopardising output.

But by seeking to address one problem, Nigeria may have created another, weakening other states in the federation and fostering resentment in the poorest region which has spawned the Boko Haram sect.

“When you look at the figures and look at the size of the population in the north you can see there is a structural imbalance of enormous proportions,” Mr. Sanusi said. “Those states simply do not have enough money to meet basic needs while some states have too much money.”

According to official figures, the leading oil producing state, Rivers, received N1,053bn between 1999 and 2008 in federal allocations. By contrast the north-eastern states of Yobe and Borno, where the Boko Haram sect was created, received N175bn and N213bn respectively. Broken down on a per capita basis, the contrast is even starker. In 2008 the 18.97m people who lived in the six states in the north-east received on average N1,156 per person.

By contrast Rivers state was allocated N3,965 per capita, and on average the oil producing South- South region received on average N3,332 per capita.

This imbalance is compounded when the cost of an amnesty programme for militants in the delta is included together with an additional 1 per cent for a special development body for the Niger delta. To boot, the theft of oil by profiteers in the region diverts tens of millions more weekly from federal coffers.

The imbalance is so stark, he added, because the state still depends on oil for more than 80 per cent of its revenues. Nigeria has made little headway raising taxes for example from agriculture, which accounts for 42 per cent of GDP.

Inhabitants of the delta tend to have little sympathy with complaints about the revenue formula, given that Nigeria was ruled and at times plundered for much of the four decades after independence by northern leaders. Indeed, state governors from the region are now lobbying for an even greater share of oil revenues – in some cases they believe it should be as high as 50 per cent.

Northern Nigeria’s economy has traditionally depended on the government more than the south. Many of the industries set up as part of earlier efforts to promote national balance have gone bust or been sold off during a decade of liberal market reforms, power shortages and infrastructure collapse.

The north’s inhabitants, although more numerous, are also among the poorest in Africa, and therefore represent a less attractive market for the banks, telecoms and retail companies booming in pockets of comparative affluence in Nigeria’s south. “We now need some sort of Marshall plan for these areas so we can begin to regenerate industrialisation,” Mr. Sanusi argued.


I am very concerned about Mallam Sanusi Lamido Sanusi. Nigerians should be worried about him. Most people really do not know this man and how very dangerous he really is. He is one of those championing the idea, which is now gaining momentum, that Boko Haram is the consequence of “poverty and unfair national revenue distribution”. This is false and a well-articulated disinformation by the powerful sponsors, financiers, organisers and supporters of Boko Haram. And they have successfully sold this lie especially in the American media with people like Ambassador John Campbell pretending to be the authority on Nigeria at the United States’ Council of Foreign Relations because of his stint in our country as the American Ambassador some years back.

Was Mohammed Yusuf, Boko Haram’s founder poor? Was Baba Fugu poor? At least Baba Fugu was of such personal networth that the High Court and the Court of Appeal felt that N100million was the least amount that it should ask the Borno State Government to pay his family as “compensation” for his alleged killing by some officers of the Nigeria Police after his arrest. In fact the Borno State Government has since explained that the reason it thought it was pointless taking the case to the Supreme Court for final adjudication was because it was afraid it might be made to pay much more than the meager N100million that the High Court and Court of Appeal decided it should pay the family. Clearly, the Courts know that the family is not poor unlike the families those killed by Boko Haram in Borno State which the State Government recently paid N250,000 (Two hundred and fifty thousand Naira only) as “compensation” for their irreparable loss. I guess the Borno State Government reckoned that the gesture, however little, is really what counts since money cannot resurrect the dead even though the widows, widowers and orphans created by Boko Haram’s thirst for innocent blood could no doubt do with much more than N250,000.

Was that suicide-bomber who drove his vehicle into the car park of the Nigeria Police Force Head Quarters in Abuja a poor man? Not likely. The pictures of the man that were on the internet after the bombing showed him looking very-well fed and smiling contentedly while standing by his car with an AK47 automatic assault rifle on his shoulder. The report then was that the man had given his family N2miilion as “pocket-money” before he left Maiduguri for Abuja to carry out the Boko Haram attack. He was also said to be well educated and a successful businessman.

What about Alhaji Abdul Mutallab's son, the “bomb-in-the-pants” failed suicide-bomber who tried to blow up the plane in which he travelled  to the United States just before it landed and who is now standing trial for terrorism there? Surely, the young man was not poor. Though unemployed, the UK University-educated boy had enough monthly allowances from his billionaire banker-father to travel frequently to Yemen, Ghana, Nigeria and the United States.

So where is this concept of “poverty-caused-Boko-Haram” coming from? Appears that, in addition to the Islamic Jihadist agenda of islamising Nigeria and imposing Shariah, it is really the envy of the patrons of Boko Haram over the 13% Derivation Funds being paid to the oil-producing states that created the terrorist group. They and Mallam Sanusi Lamido Sanusi seem to have conveniently forgotten that prior to the Military’s incursion into government in 1966, the Derivation Formula was actually 50% of the funds generated to the regions where the revenue was derived and 50% to the Federal Government. So the perceived “injustice” of Nigeria’s revenue distribution should not be by Boko Haramites but by the oil-producing states whose peoples have not ceased to advocate for “Resource Control” till date. Boko Haramites, like other Islamic terrorists elsewhere in the world, are not poor people but just wicked, insane, misguided and deluded religious extremists who believe they do God service by their murderous activities.

Mallam Sanusi Lamido Sanusi sent me a text last Sunday threatening me that he would sue me for "libel" for disclosing on my Facebook page, on the discussion thread where I raised the Thisday story of his statement about the motivation of Boko Haram, that he was indicted by Gen. Sani Abacha for the Kano religious riot in which Gideon Akaluka was beheaded. Sanusi's indictment was for his complicity as one of those the government believed instigated the riot. In fact, the report at the time was that eight people were fingered by the security agencies for their role in causing the riot. Seven of them were allegedly executed summarily but Mallam Sanusi Lamido Sanusi was spared because of the pleas of notable northern leaders on his behalf being a Prince of Kano Emirate. His grand-father was the Emir of Kano who was deposed by the government of Sir Ahmadu Bello, the Premier of the Old Northern Region of Nigeria and the Sardauna of Sokoto. So Gen. Sani Abacha's government sent Mallam Sanusi Lamido Sanusi to be incarcerated in Sokoto Prison for a period of about two years. He was never formally charged or put on trial before a Court or other judicial panel. So Sanusi somehow believes that all Nigerians above forty years of age and well-informed enough to know what transpired at the time have somehow developed a sudden case of mass amnesia or would be too star-struck by his award-winning brilliance to speak out. So he has ensured that the inglorious period of his incarceration is unaccounted for in his resume since he conveniently omits it from his Curriculum Vitae and Profile. I guess any human being would have done the same if they had such a skeleton in their closet and had to serve as the Governor of a Central Bank.  

I have challenged some journalist to go and interview Mallam Sanusi Lamido Sanusi to get his reaction to my "allegation". And to independently check this information with his close friends, his former colleagues at ICON Merchant Bank and the key operatives of our security services and the Prisons authority who were in employment between 1993 and 1998.

So why have I decided to go public with this information at this time?
I have decided to go public with this information at this time because I am now convinced that Sanusi is a dangerous religious extremist in government. He should never have been appointed as the CBN Governor!

Now there are many questions that should arise in the minds of Nigerians who seek TRUTH about Sanusi:

1. Why did he choose to go to Sudan for his Shariah Doctorate?

2. Osama Bin Laden was in Sudan about the same time Sanusi was in Sudan. Did they meet in Sudan?

3. Who were Sanusi's associates, friends, classmates, teachers and Imam in Sudan?

4. Who financed Sanusi's education in Sudan since he was without a job at this time?

5. Why has Sanusi been so zealously pro-Shariah implementation in Nigeria as shown in his writings on www.gamji.com?

6. Is Sanusi's fanatically advocacy of Islamic Banking and the issuance of "Sukuk Sovereign Bonds" by Nigeria merely about Finance?

7. Does Sanusi have any links to Boko Haram especially since he is eager to explain their activities?

8. Alhaji Abdul Mutallab, the Chairman of Jaiz Bank, former Chairman of First Bank and father of the failed "pants-bomber", is well-known as Sanusi's "god-father". Sanusi was also known to be a mentor and close friend of Abdul Muttalab's terrorist son who was an Al Qaeda recruit. What role did Sanusi play in radicalising this his protege?
I am now convinced that Mallam Sanusi is too dangerous a religious extremist and a Jihadist to be in government how much more the Governor of the Central Bank of Nigeria!

There are several questions on my mind about Sanusi and which should bother other Nigerians as well:

1. Did late President Umaru Musa Yar’adua not know these facts about Sanusi’s past?

2. If late President Yar’adua had this information, why did he think it was irrelevant to his decision to appoint Sanusi as the CBN Governor?

3. Did the security clearance issued by the State Security Service and/or other security agencies disclose this detail about Sanusi’s past?

4. Was the Senate aware of Sanusi’s indictment and incarceration when he appeared before it for the confirmation hearing to be appointed as the Governor of the Central Bank of Nigeria?

5. Did the Senators ask Sanusi to explain where he was and what he was doing during the missing period which is unaccounted for in his Curriculum Vitae?

6. Why did Sanusi choose to go to Sudan for his Doctorate in Shariah Law?

7. Late Founder of Al Qaeda, Osama Bin Laden, was in Sudan about the same time when Sanusi was in Sudan. Did they meet in Sudan?

8. Who were Sanusi's associates, friends, classmates, teachers and Imam in Sudan?

9. Who financed Sanusi's education in Sudan since he was without a job at that time?

10. Why has Sanusi been so zealously pro-Shariah implementation in Nigeria as shown in his writings on www.gamji.com?

11. Is Sanusi's fanatical promotion of Islamic Banking with public funds and his advocacy of the issuance of "Sukuk Sovereign Bonds" by the Federal Government of Nigeria merely about “an alternative banking window for the unbanked Muslims” and international finance, respectively?

12. Does Sanusi have any links to Boko Haram especially since he seems to know what is really motivating their members?

13. Alhaji Abdul Mutallab, the Chairman of Jaiz Bank, former Chairman of First Bank and father of the failed "pants-bomber", is well-known as Sanusi's "god-father". Sanusi was also known to be a mentor and close friend of Abdul Muttalab's terrorist son who was an Al Qaeda recruit. What role did Sanusi play in “radicalizing” this protégé of his since his father had explained that the boy became “radicalised” outside his home and despite good parental guidance?

President Goodluck Jonathan and other peace-loving Nigerians should be very worried about Mallam Sanusi Lamido Sanusi remaining as the CBN Governor given his history as a suspected sponsor of a religious riot and the fact that he has manifested extremist tendencies even as the CBN Governor.

I am actually looking forward to Sanusi's "libel suit" against me and I have told him he should see it as his opportunity to set the records straight about his indictment by Gen. Sani Abacha.

GOD BLESS NIGERIA!

  

Eghes Eyieyien
1st February, 2012.





Friday, 20 January 2012

A REJOINDER TO THISDAY ARTICLE TITLED “THEIR SON, OUR PRESIDENT” by OLUSEGUN ADENIYI

I must begin with a confession. I am not a fan of Olusegun Adeniyi. I am a fan of Simon Kolawole, his fellow Editor at Thisday newspaper. Simon Kolawole’s analyses, candour, objectivity and humble, self-effacing style is more my thing.
I am yet to appreciate Olusegun Adeniyi’s style of writing. He enjoys telling his readers how Aliko Dangote phoned him; how former President Olusegun Obasanjo, having read his latest book, has invited him for a meeting to discuss his book; how Atedo Peterside sent him a text. I always wonder: Does Segun Adeniyi actually believe that the influence and “power” he wields by virtue of his employment and role as Chairman of the Editorial Board of Thisday are a true indication of his social and political clout?

I used to think the name-dropping would stop after he was made the Special Adviser on Media by late President Umaru Musa Yar’adua. But, since returning to his column in Thisday, his style remains the same. In fact, if anything, having been close to the Presidency, he now has more names to drop. Even the title of his latest book confirms this. The book has the rather audacious and pompous title of “Power, Politics and Death: A FRONT-ROW ACCOUNT OF NIGERIA UNDER THE LATE PRESIDENT YAR’ADUA”. Pray, what will Dr. Abba Ruma, Dr. Tanimu Yakubu or even Mrs. Turai Umaru Musa Yar’adua call their own memoirs when/if they write them? SMH! (For the non-Facebookers and Twitterers, SMH means “Shaking My Head”).
The readers of Thisday were treated to another classic Segun Adeniyi serving on Thursday, 19th January, 2012. His piece was titled, “Their Son, Our President”. I did not read it initially. A friend drew my attention to the article. As I read it, but for the characteristic name-dropping and the disclosure of the otherwise private correspondence between him and Atedo Peterside, I actually thought I was reading something written by Femi Fani-Kayode. The language was irreverent, impolite, rude and insulting to say the least. The bitterness was obvious. His tone was condescending. He was angry. Segun did not hide his eagerness to throw all professional restraints to the wind by using his privileged position on the Thisday Editorial Board to get his pound of flesh from the highly respected Atedo Peterside, whom I consider a national icon in terms of his statesmanship, candour, integrity, intelligence and entrepreneurial accomplishments. Few Nigerians today command the respect which Atedo Peterside has rightly earned. What a shame that Segun Adeniyi could not pass across his message (?) without going the very low road of denigrating Mr. Peterside and questioning his motivation.  Does the fact that Atedo Peterside is an Ijaw man and a supporter of President Goodluck Jonathan make him a tribalist or ethnic champion?! This is a grave injustice to the person of this great Nigerian whose personal and business relationships over his lifetime, especially from his days as a school-boy in King’s College, Lagos, till date bear testimony to the fact that he truly is a NON-TRIBAL Nigerian (as distinct from a “de-tribalised”, with apologies to Mallam Sanusi Lamido Sanusi whom I first heard use that term). What a shame!

But what was really intriguing for me was when I now read this in Segun’s article:
“Unfortunately, anybody who has been following the public intervention of the otherwise respected Christian Association of Nigeria (CAN) President, Pastor Ayo Oritsejafor (also from Niger Delta) cannot but also notice such unnecessarily provocative and clearly insensitive “it-is-our-turn” slant in his utterances.”

The CAN President? Pastor Ayo Oritsejafor? “Otherwise respected”?! When did the CAN President lose his respect? Or maybe I should rephrase the question: When did Olusegun Adeniyi lose his respect for the CAN President, Pastor Ayo Oritsejafor? How could someone who just got to the other side of 40 so flippantly and glibly dishonor a man of God, especially since, from past disclosures from his column, he is a Christian and worships at the Redeemed Christian Church of God where Pastor Ayo Oritsejafor frequently ministers at the monthly Holy Ghost Night? Even if Pastor Oritsejafor were not the Leader of the Christian Community in Nigeria, is his age and position as a spiritual leader not enough for Segun to accord him some respect? Who is “pushing” Segun? What has happened to Segun? As a Christian, I know that Spiritual Authority is not taken lightly by Believers. Even when Moses erred by marrying a Midianite woman, a non-Jew, as a second wife, God placed leprosy on his sister, Miriam, who merely complained about it. Aaron, his brother, who equally grumbled against Moses, was spared the leprosy only because God Himself honours the men He has anointed for ministry. Aaron was the High Priest. I am aghast that Segun sees no reason to respect Pastor Ayo Oritsejafor!

Even Segun’s accusation that Pastor Ayo Oritsejafor had taken up a tribal chorus of “it-is-our-turn” is false. The “public intervention” of Pastor Ayo Oritsejafor which Segun alleges has taken an “unnecessarily provocative and clearly insensitive slant” has essentially been about two main issues since May, 2011: Islamic Banking and Boko Haram. How do the well-reported statements by Pastor Ayo Oritsejafor on these issues reflect “it-is-our-turn” slant? How have his statements on those issues been “provocative” or “insensitive”? Who is Segun Adeniyi trying so hard to impress?

After insulting Atedo Peterside, Pastor Ayo Oritsejafor, Chief Edwin Clark and several other Niger Deltans whom he mentioned by name, Segun continues his write-up with this threat to President Goodluck Jonathan:

“Drafting military troops to Lagos when there was no violence in all the protests in the state was bad judgment [Segun was obviously unaware that there were armed robberies along Lekki-Epe Expressway and on Third Mainland Bridge during the protest period]. Contemporary history ought to teach that nobody tries that sort of nonsense with Yoruba people [as far as Segun knows, Lagos residents are all apparently “Yoruba people”!] and get away with it. I MAKE BOLD TO SAY THAT IT IS THE HEIGHT OF NEEDLESS PROVOCATION FOR WHICH THERE WILL BE SERIOUS CONSEQUENCES.” [Capital letters for emphasis mine].

What has come over Segun Adeniyi? Is he now the Spokesman for the militant faction of the Odua’s People’s Congress?

Segun ends his article with this warning in Yoruba without translating: “Oba t’o je ti ilu toro, oruko re ko ni pare. Oba t’oje ti ilu tuka, oruko re na ko ni pare”.

He closed the piece with this paragraph: “I am sure the Yoruba wife of Mr. Peterside can always do the translation for the President and his Ijaw handlers”.

After living in Lagos since 1974 when I was just seven years old, I understand Yoruba quite well. But to be certain I got the correct meaning of the proverb, I asked my wife, who is Urhobo but was born and raised in Lagos, to help me translate it. This is the literal meaning: “The king who allows peace to reign in his town during his tenure would not have his name come to an end. And the king who allows things to go wrong in the town during his tenure would also not have his name come to an end”.
Hmmmm…..The Publisher of Thisday, Mr. Nduka Obaigbena, who ironically is a Niger Deltan himself, should be seriously worried about the editorial integrity of his newspaper with Olusegun Adeniyi at its helm.
By the way, I am Esan not Ijaw. And I do not speak for Mr. Atedo Peterside or Pastor Ayo Oritsejafor. I am just a concerned avid Thisday reader and a Nigerian.