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Economic Confidential, June, 2009

EDITORIAL

 

A Thieving Public Service

 “Kowace rana ta barawo, wata rana ta maishi”. This Hausa saying literally means: Everyday for the thief, one day for the owner!. The context on which I am using this figurative expression is something i will try to put in clearer terms later in the course of this write up.

 

The plethora of cases of corruption in Nigeria as of today lives no one in doubt – either within the shores of this country of abroad, about the endemic proportion and appalling dimension that the scourge of looting public treasury has assumed.

 

With the advent of democracy, the departure from the days of the Jackboot and Martial Music under the aegis of the military, who were thought to be the antidote of corruption but unpardonably  institutionalized it; a decade after the return of democracy, no respite appears to be in sight for the World’s most populous black nation.

 

Trying to keep records of corruption charges can be quite a dizzying experience. Take a peek at some of the recent cases and the novelty of it sounds more fictitious than real. The unfolding scenario appears to be the figment of one’s imagination in a well scripted drama on television or the mischievous make believe of a connoisseur of the thriving comedy industry.

 

Look at this; the 180 million dollars Halliburton bribe scandal involving top government functionaries. Where it was alleged that a U.S construction firm gave the purported sum to top Nigerian Politicians and government officials, including those of the Nigeria National Petroleum Corporation (NNPC) to win the contract for the construction of the LNG plant; the 6 billion naira Power scan which was the worth of contracts awarded by the Rural Electrification Agency (REA); a situation that has deteriorated to the arrest  of Ndudi Elumelu, the Chairman House Committee on Power and Steel in the House of Representatives, his deputy, Mohammed Jibo and Committee Chairman on Rural Development, Paulinus Igwe; the nabbing of the Nigeria Communications Commissions (NCC) boss, Engr. Ernest Ndukwe for allegedly contravening due process in the award of contracts and therefore misappropriating over 5.2 billion naira; the trial of the former FCT Minister Mallam Nasir EL-Rufai by the EFCC  for the sale of Federal Government Houses and the none remittance of over two billion naira. In fact list is endless.

 

However, when one thinks about the remedy to the on going sleaze in the country which appears tilted towards but hidden some where in our democracy. The thought that Nigeria’s hope lies in the legislature in quickly dispelled or drowned by the level of financial scandals that has be deviled the National Assembly since inception. From the Salihu Buhari’s ignominy in the ‘Toronto issue; to Etteh gate and the countless compromising situation involving ‘Ghana-must-go’ exchanging hands;  the picture appears gloom since the hub of checks and balances in governance in virtually non existent.

 

The brazen way the National Assembly members get enmeshed in corruptible instances seemed to be deliberately initiated to bastardized the instrument of checkmating the executive. Evidences are two numerous to suggest another different motive as to why NASS is not a more rubber stamp to institutionalize corruption as long as there are ‘settled’.

 

Ministries, government agencies, commissions and parastatals have virtually become mighty edifices with lofty programmes that are financed with billions of naira but whose implementations remain vacuous and unattained. Therefore, becoming the gateway for impoverishing the Nigeria nation by a cabal.

 

Now going back to the issue of everyday for the thieve, one day for the owner - looking at the Nigerian people as the owners of the land and those in the public service as thieves. The day of reckoning is nowhere in sight. When a thief apprehends a thief the judgment is not something difficult to be preempted. A semblance of such out look permeates our daily lives. The Senator Iyabo Obasanjo’s 10 million naira ‘cash gift’ in the case that consumed Professor Adenike Grange as the Minister of Health and the ongoing Rep Elumelu’s  debacle, not forgetting Rep Etteh’s Housing renovation scandal, non of these NASS indicted officials have ever been recalled and prosecuted in issues involving corruption.

 

Think about the Ekiti drama , the 16 billion dollar expended under Governor Liyel Imoke of Cross River State, the disgraced Former Governor of Ondo State Olusegun Agagu, when they were ministers of power and steel (Steal) and numerous other corruption charges that never saw those indicted jailed or force to bring bank the money they stole. “One day been for the thieve………” doesn’t appear realizable in Nigeria the decay is eating deep into the soul of our nation. When will the messiah come to save Nigeria.

 

Thomas Usman Wamba

Managing Editor

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax