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Nigeria Worse Than During Civil War — Obasanjo Drops Bombshell

Peter Okunoren

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Former President Olusegun Obasanjo has lamented over the current state of disunity in Nigeria.

Obasanjo said that Nigeria was not as divided as this during the civil war in comparison to the worst situation of things as they are now.

The former president said this while Speaking at a one-day ‘2019 annual retreat/conference and general meeting’ of members of Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) held at Park Inn, Abeokuta in Ogun State yesterday

The former president urged Nigerians to partner one another at home, within communities, states, countries, sub-African region and African continent, adding that Nigeria was in danger if “we don’t take partnership seriously.”

“When we look at this country today, even during the civil war, we were not as divided as we are now. Today, we are in danger if we don’t take partnership serious. That partnership should be within our people, Africa and the rest of the world.

“As chief audit, it is defined by virtue of what you are doing as a profession. If the audit is awry, banking business will not be right.

“What I want to emphasise is that it is a must as Nigerians and Africans that we have certain elements that we have to take very seriously which I put as 5Ps.

“The first is politics which is governance. Unless we get governance right, any other thing we are trying to do will not be right.

“The second is population. Our population at independence was estimated to be 45 million, but today we are almost 200 million. By the year 2050, we will be over 400 million. Normally, population should be an asset but looking at the condition we are in now, when in the North-east of Nigeria, the percentage of adult literacy is about 53 percent, and education being the basic of all human development, you can see that we have a problem.

“How do we think of setting education to be useful? Those people who will make our education over 400 million people in many years’ time are already born, and you cannot unborn them. So the problem is here, what do we do?

“We must provide education for them, housing, healthcare and most importantly, employment for them.

“One thing that I believe will help us is to provide employment is agricultural business. And you in the banking business must pay attention to how we build the agriculture sector. I am not talking of horticulture, I am talking of the whole value chain, from land preparation to the end product. And if we are able to get that right, maybe we will be able to get the issue of employment for our teeming youths right as well as rural development right.

“The next one is prosperity. I am not being bothered about Nigeria or Africa’s poverty. We have everything to generate wealth. We have God-given resources under our soil. We also have human resources. If we bring these together, then we will definitely get prosperity

“Another one is security. People must be protected in all aspect. Protection of lives and property is most important.”

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Ex-Gov. Abubakar Spent N2.3bn To Buy Burial Materials, Bauchi Governor Alleges

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As the blame game continues in Bauchi State, Governor Bala Mohammed has alleged that his predecessor, Mohammed Abubakar spent a whopping sum of N2.3 billion to buy materials for burying dead bodies in the state.

The governor who spoke through his spokesperson, Dr. Ladan Salihu, in an interview with newsmen in Bauchi over the weekend, alleged that the said funds were spent between January and May 2019.

Ladan Salihu explained that over N900 million of the money was spent in buying white cloth materials used for wrapping dead bodies while over N1.4 billion was used to buy the wood for lacing the graves for the burial.

According to him, the government discovered various issues of corruption, venality, daylight robbery of the commonwealth of Bauchi State where billions of Naira were syphoned illegally.

The spokesperson further alleged that: “These monies which ought to have been appropriated by the Assembly before expenditure, all of a sudden emanated from our treasury books.

How could you imagine that a state government, within five months that is between January and May, 2019, spent well over N2.3 billion on funeral materials, the clothes that are used in wrapping dead bodies and the woods that you lace the graveyards with?

“The immediate past government spent N2.3 billion, that government did not spend a quarter of that amount in our own hospitals and clinics. They have the temerity to want to put up a show of shame,” he lamented.

When asked if the government has any proof to substantiate its claim, he said that there is no iota of doubt on the matter saying that there are documental evidence to prove it.

“All these are captured in the report of the Transition Committee and these were gathered from documents and vouchers and payments made from our treasury books. There is the Freedom of Information law, go there and find out for yourself from those documents.

“We are talking about the principle behind it. You have bought these materials for funerals in graveyards, what have you done to the Christian cemetery? But we are saying that it is wrong completely, it is not the duty of government to buy burial materials for anybody.

“It is the responsibility of the family, the community and people of goodwill. It has never existed in our history books that the government bought those materials in the first place.

“So, you know that these things were bought for a reason, you would not see the materials, because they have disappeared into or out of ballot boxes,” he alleged.

Ladan Salihu further vowed that: “Government will take very, very stern measures, we will recover every kobo that has been looted or stolen by the immediate past administration and in fact, the administration before it. Where it is established that there is a clear case of misappropriation or outright stealing of public funds. It is an obligation, you don’t allow criminality to run roughshod on the rest of us because these are public funds.

“We must take steps, there’s no factor of fear or favour or ill will, it is just the way the business of government must be conducted. We will take every measure, we use every institution and go after everyone that has stolen Bauchi State’s money.

“We will pursue this case in the relevant institutions of recovery whether it is EFCC, ICPC, the constitution of a Special Recovery Mechanism within the state, I can assure you, we will pursue these issues vigorously, rigorously and without let,” he added.

When our correspondent contacted the Special Adviser to the former Governor Abubakar on Media and Strategy, Ali M. Ali, on phone, he simply said, “that is very ridiculous, I cannot make further comments on the issue because I am not aware of such allegation.

“I’ve not heard of anything like that, so I will speak on it when I make my findings but this is laughable. I will get back to you on that when I have done my findings from my principal,” he added.

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Presidents of Rwanda, Senegal And DRC To Speak At The Largest Annual Gathering Of African Entrepreneurs

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The Tony Elumelu Foundation (TEF), Africa’s champion of entrepreneurship, has announced the line-up of speakers and activities for the 5th Tony Elumelu Foundation Entrepreneurship Forum — the largest annual gathering of African entrepreneurs and the African entrepreneurship ecosystem.



For the Forum’s Presidential Dialogue, the President of the Democratic Republic of Congo (DRC), H.E Félix Tshisekedi will join previously announced President of Rwanda, H.E Paul Kagame and President of Senegal, H.E Macky Sall, in an interactive, charged plenary session that opens Day 2 of the Forum. The Presidential Dialogue will be moderated by TEF Founder, Tony O. Elumelu, CON, and will feature all three presidents engaging directly with an audience of 5,000, comprising of entrepreneurs, policymakers, investors and business leaders, with thousands of people interacting live online, through TEFConnect.

The Forum presents the largest single annual opportunity for entrepreneurs and policy makers to interact directly and all sessions at the Forum have private sector and public sector leaders anchor panel discussions, masterclasses, and a dynamic pitching competition that will engage an audience of start-up entrepreneurs, development institutions, and policymakers.



The speakers expected for this year’s Forum include Prof. Benedict Oramah, President of African Export-Import (AFREXIMBANK); Dr. Akinwumi Adesina, President of African Development Bank (AFDB); Dr. Awele Elumelu, Trustee, Tony Elumelu Foundation and Founder, Avon Medical; Kennedy Uzoka, Group CEO, UBA Group Plc; Mrs. Djene Kaba Conde, First Lady, Guinea; amongst other notable global business leaders. 

Every year, the Tony Elumelu Foundation hosts the largest gathering of African entrepreneurs, policymakers and business leaders in one location. This year’s Forum, themed “Empowering African Entrepreneurs”, will take place at the iconic Transcorp Hilton Hotel, in Nigeria’s capital city of Abuja. The Forum will also include the UBA Marketplace, where UBA, Africa’s global bank, brings together businesses from across the continent.  

At the 2018 forum, TEFConnect, the largest digital platform for African entrepreneurs was launched to connect entrepreneurs to the opportunities they need for business success. TEFConnect will take centre stage at this year’s Forum as global debates move to technology as a key driver of economic development in Africa.

For more information: https://www.tonyelumelufoundation.org/forum2019

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Jim Ovia Advocates For Disruptive Technology To Scale Businesses In Africa

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According to Zenith Bank Founder/Chairman, Jim Ovia, businesses stand a chance to triple growth rate and earnings through innovation and technology.

The options are to “innovate and transform or die”, he said. It is the technology age and businesses operating out of Africa should continually adopt technology to experience exponential scale in their business development.

He made this statement while chairing the launch of the PwC Experience Centre. Mr. Ovia added that the Experience Centre is a forward-thinking way to disrupt the over $1tn consultancy service industry yet to be digitized.

Therefore, the Experience Centre is an effective move towards expanding PwC’s innovative solution services across West Africa.

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