In September @officialNESG and @cenbank had a public spat over #BOFIA, yet, the law was still signed telling me that feedback mechanisms have been starved to death by this govt.
The key phrase for me in the entire story is the point where someone told @GuardianNigeria that the banks would murmur in silence as nobody wants to be seen as confronting @cenbank.
For me, that is the crux of the matter.
The lily-livered behaviour of our bankers will hurt all of us.
Your bank declared a profit before tax of ₦74 billion, but can't resist an illegal government directive to block the accounts of a few activists?
Are you compromised or what because I don't understand.
With all your financial muscle, you are voluntarily surrendering your "rights" and replacing them with what is at best, very limited bargaining power.
We all need to reflect on this, and understand certain things are more important than "making money" or "staying safe".
If Coporate #Nigeria can't call govt to account in terms of political or human rights; then ultimately, we will all lack economic rights as the same govt that arbitrarily shuts activists' accounts, will shut down YOIR account, and eventually the bank in which the account is held.
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#Nigeria’s problems are deeply structural, and not many things show this up as the official reaction to the #EndSARS protests and the #LekkiMassacre.
What both show is that Nigeria as currently structured exists only to protect those in power.
Consider this — during the height of the protests, @HQNigerianArmy's leadership pledged loyalty, not to #Nigeria or to its Constitution, but to the person of the President.
This shows that our security forces need a complete reorientation.
The manual under which our armed services are trained and operate has to be thrown away and a new one rewritten.
But that in itself brings up more questions, one of which is who, or what, do they pledge their loyalty to?
It's amusing to see a lot of pro-government misters trying to spread the disinformation that the #EndSARS protests of October 2020 were "hijacked" and turned into some sort of orgy of violence.
The facts, as recorded in this world of digital media where it is now difficult to hide, is that @NigeriaGov, unable to find "leaders" to either bribe, intimidate or otherwise coerce, cynically turned to thugs to disrupt (not hijack) the protests.
The govt's strategy succeeded to some extent, but the jury is still out, and it is increasingly looking like a case where they won a battle in order to lose a war.
I was in #America for almost the whole of last month, and one of the places I visited was El Paso in Texas. El Paso is just a wall away from Juarez in Chihuahua, #Mexico.
Both were once the same town until the Texas Revolution in 1835. Then, they went their separate ways.
The contrast between both cities today is the result of the different economic systems they run, something I talk about in @FinancialNG
Talking about this is very depressing for me because it portends a very bad future for #Nigeria. You see, like Nigeria, #Mexico is a rentier economy that runs based on the whims of a powerful elite and their criminal associates.
The irresponsibility of business leaders in #Nigeria has enabled bad behaviour.
In October 2017 for the 50th anniversary of the #AsabaMassacre, an event in which my grandfather was killed by @HQNigerianArmy, I was invited to talk about the event on @NigeriainfoFM.
The host of the show, @nellylaoni, felt, quite rightly, that it was important to shine a light on this important part of our history.
Knowing how sensitive the topic was, I kept to the facts. You can watch the show here and judge for yourself:
But that was not good enough, and in addition to chasing me out of the studio, @nbcgovng fined the station ₦500,000 ($1404 in 2017 naira).
Now, this is where the irresponsibility of the leadership of @NigeriainfoFM came in...
If you look at a list of CJNs from 1987, you’d find the following: Bello served 8 years, Uwais, his successor, served 11. Since Uwais was replaced by Belgore, no one has served more than two years, but the key to this strategy is in their age on appointment to @SupremeCourtNg,
Mohammed Bello got in at the age of 45 in 1975.
Muhammad Uwais got in at 45.
Alfa Belgore got in at 49.
Idris Kutigi got in at 53…
Most Southern justices would have hit 60 before getting on @SupremeCourtNg, so most never get a chance to be CJN.