Skip to main content

RECESSION: THE PLAGUE IS HERE AT LAST


The plague did not come like a bolt from the sky; the warnings had been there all the time; and like it was in the biblical days of mene mene teke ufasin, those concerned – our leaders, ever loathing to nomocratic governance had continually turned deaf ears.  While the bonanza of lasted, they fed Nigerians with mumbo-jumbos, spewed forth platitudes; they became predatory-instead of servitude – and ad nausean plundered the lean resources of the Nation until the nunc dimittis!
Meanwhile, in the interim, Nigerians were rocked to the bone marrows upon learning of the perfidies of their supposed masters; of Pandora’s boxes and failed promises. Let’s take a look at some of the foolish charades: the story of how some  principal officers allegedly received billions of naira in running cost allowances: Yakubu Dogara #1.5 billion ; Yusuf  Lasun #800 million; Femi Gbajabiamila  #1.2 billion; Bala Jubrin #1.2 billion; Alhassan Dogawa #1.2 billion; Pally Iriase #700 million; Leo Ogor #1.2 billion; Chukwuka Onyema #800 million!  Yakubu Barde #700 million; Binta Bello #700 million! This scam is right from the National Assembly alone.
Roll over to the Executives – the Jonathan era.  Here, an intricate plexus of treachery wrapped in darkened ‘’stimulus packages”, the end game of which undeniably opened the door to the present apocalypse! Sitting in his imperial palace, Dr Goodluck Jonathan had spearheaded an unprecedented decapitation of the nation’s finances.  He may not accept publicly his involvement, but all Nigerians know that he is the chief planner!  Even with a World Bank specialist, they managed to share albeit contemptuously, a staggering $ 15 billion – an invidious act that is unforgivable.  Another 23. 29 billion was frittered away to some INEC officials for elections! It is an insult to Nigerians that their leaders could throw away their collective heritage just like that without any punitive response. Where is Nigeria’s Constitution you may ask? In the streets of the federal capital, dollars- hard earned people’s dollars – walked unrestrained. 
The bourgeois privileged few made fortunes even as the economy   plummets!  Yet, it seemed odd that while the bold few hollered those at the palace and their shadowy supporters responded with name callings, denials, they became implacable enemies to the people whom they claim to govern. They used their vantage position …..You could imagine executing such magnitude of conspiracy! To the outside world, you hear them say: “The economy was not in trouble …. It is in good health’’.
Now as Banks , Insurance firms are slashing workers salaries , as oil prices dwindles and the Niger Delta slides into conflicts the blame game has begun with Jonathan being held responsible for the lion share!  But you want to ask: how would cutting of salaries help in this situation of price increases? Again, how would a lull in the oil market transactions that constitutes a mere 15% of the nation’s economy trigger this economic spiral now known as recession?
 According to an Opinion Poll conducted by Smart Media, the real blame should be on ICPC and EFCC! ‘’These two government law enforcement agencies have never indicted anybody”, the survey reveals.  In addition, the survey reckons that from the days of Mbadinuju of Anambra to lucky Igbinedion, Peter Odili,  Nigerians have been regaled with newspaper reports and television shows; it has all been drama and rhetoric’s, a façade - only laughable - garnished with  feeble  arrest, half hearted interrogation, brief detention, cheap bail and case close!” This was what fueled the rape of Nigeria by other evil men’’,   said an Abuja based security expert.  ‘’when u refuse to punish offenders, this is what you get’’, the expert noted.
How true the disclosure is. Today, Nigerian governors behave as demi-gods, with the State as their ‘hunting ground’. A recent scoop from online media exposed foreign accounts of some of these demagogues running into hundreds of billions stashed safely in foreign accounts. “They not only stop there, they embezzle virtually every kobo meant for agriculture, road construction, infrastructure and social development”, said the Abuja based expert.

He said, the most surprising and wicked is that they operate above the laws of Nigeria.  “In a situation where you are untouchable then the nation is in trouble”, he lamented.


A look at Brazil where Dilma Rousel, their President, accused of petty corruption has now been impeached by the country’s Senate.  But in Nigeria, it is a well known fact that any talk of impeachment is considered treason.  “This is why the country is now in recession”, said Basil Okafor.  “In the absence of law, there is no sin; where there is, of course there is sin”, he said, calling on Nigerians to brace up for harder times.

Comments

Popular posts from this blog

Trouble looms over Court order seeking Exhumation of corpse of prominent Igbo Family

  A recent court order widely regarded as an assault on customs and decency, seeking the exhumation of the corpse of a prominent Igbo chief, is largely seen as a misuse of judicial authority, and fear the backlash may lead to disruption of communal peace. By Clement Ebaku and Lucy Okulougbo reporting from Owerri. Tension has escalated surrounding the Amuchienwa family following a contentious order issued on 5 December 2025 by Justice I.O. Agugua, directing the exhumation of the remains of the late Chief Ifeanyichukwu Dona Amuchienwa, who was laid to rest on 17 October 2025. The directive, made nearly two months after the burial, has sparked widespread outrage, with many describing it as a shocking affront to the dignity of the deceased. Imolites are questioning the circumstances under which the ruling emerged, with reactions trailing a media release by Ms. Chinyere Igwegbe (formerly Amuchienwa), the late Chief’s former wife, whose marriage ended more than 32 years ago. Public...

Lawyers set for showdown with MD, NMDPRA Petrol Import Licenses breach, set for legal action

  Arising from the bombshell disclosure by no less a personality than Aliko Dangote on the perceived shortcomings of the embattled managing director of the downstream regulator, leaders of the League of Patriotic Lawyers have taken up the gauntlet to add fire to the disclosure by calling for the release of the names of beneficiaries of the import license.   Stories by Clement Ebaku and Lucy Okulougbo in Lagos. A group of lawyers, under the aegis of the League of Patriotic Lawyers, has called on the Federal Government to review certain policies of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in the interest of easing hardship faced by Nigerians.   The group, led by its Chairman and former President of the Nigerian Universities Students Union, Barrister Abubakar Yesufu, made the call while addressing journalists at a press conference.   Yesufu said the group was concerned about what it described as regulatory practices in the do...

BREAKING NEWS: NAPTIP Raises Alarm, launches manhunt for suspect in Latest spousal Battery

  A manhunt is reportedly underway to apprehend, arrest, and detain a certain Mr. Alabi Uche Sylvanus, prime suspect, in the latest violent spousal battery, reported in the Federal Capital Territory, during which life-threatening injuries were said to have been inflicted on the victim, who was subsequently rushed to a popular hospital in Gudu District, Abuja, to save her life Stories by Clement Ebaku and Lydia Samson, in Abuja . Abuja, the Federal Capital is currently reeling from a recent despicable and brutal spousal battery allegedly perpetrated by one Mr. Alabi Uche Sylvanus (66yrs) who was said to have attacked and inflicted life threatening injuries on the victim; upon learning of the attack, the National Agency for the Prohibition of Trafficking in persons (NAPTIP)swiftly moved into action and rushed to the hospital in Gudu District where the victim had been taken for emergency medical procedure. The crack NAPTIP team remained at the hospital all through the duration o...