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Tinubu: I Predicted This Would Happen To Him- Farooq Kperogi

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By Farooq A. Kperogi, Ph.D.

Twitter: @farooqkperogi

The political coalition between Muhammadu Buhari’s CPC and Bola Tinubu’s ACN has all but collapsed. There was nothing even remotely surprising about it. In previous columns, media interviews, and social media updates, I predicted that this would happen.

For example, in my June 23, 2018 column titled “Buhari’sJune 12 Pandering and Naivety of Yoruba Elite,” I wrote:

“Buhari may well get a second term with the help of votes from the Southwest. But one thing is as certain as tomorrow’s date: he will spectacularly fall out with the Yoruba elite whose support he’s bending over backwards to court now. He’d no longer have a need for them after 2019 and might even remember that they betrayed him in 2011.

“These same people would then turn against not just Buhari but the entire North. If we’re alive till then, we’d remind them that they are complicit in their own fate. An Italian proverb says, “When a man deceives me once, it is his fault; when twice, it is mine.”

In a January 26, 2019 column titled “Bola Tinubu’s Costly 2023 Political Gamble,” I wrote the following, among other things that have come to pass:

Tinubu is going into another alliance with Buhari in hopes that Buhari and his supporters will reward him with a presidential ticket in 2023. That’s a costly miscalculation for a whole host of reasons.

“I am familiar enough with members of Buhari’s inner circle to know that they deeply despise Tinubu. They snigger at his presidential ambition and are amused by his expectation that they would support him. Tinubu himself knows this. That’s why I am shocked that he appears irresistibly and dangerously drawn to people who will throw him like he is hot after the February election. Maybe he is gripped by the sort of deathly attraction that causes a moth to embrace a flame.

“During a TV appearance on Television Continental on February 20, 2018, Tinubu’s wife, Remi, said Tinubu was “trashed” by Buhari’s northern political machine after the 2015 election.

People who “trashed” you after an electoral triumph to which you’re central will certainly go the whole hog and incinerate or bury you in the aftermath of another victory that will ensure that they will no longer need you.

“Apart from the certain betrayal that will surely come from the Buhari camp in the event that Tinubu helps them to win or rig the 2019 election, a Tinubu presidential candidacy will be beset by a lot of problems.

Given the heightened sensitivity of religion in Nigeria now, which is made even more so by Buhari’s unexampled, in-your-face bigotry, Tinubu would be required to have a northern Christian as a running mate to earn the support of the south and the Christian north. That would, however, automatically alienate Buhari’s northern Muslim supporters. So his ambition is dead before it’s even born.

“Most importantly, though, as Tinubu himself knows only too well, a vote for APC in the coming presidential election won’t be a vote for Buhari; it would be a vote for an evil, greedy, corrupt, provincial, and reactionary cabal and their minions who are currently perpetrating a stratospheric theft of the nation’s resources in ways that would make an angel of Abacha. President Buhari is an insentient human vegetable who is barely aware of his own existence.”

In a September 21, 2019 column, titled “Why Bola Tinubu Can Never Be Nigeria’s President,” I pointed out that “Before the 2019 election, a friend of mine who is close to Abba Kyari confided in me that after the election they would ‘deal with Tinubu and his people.’ He bragged that by the time they are done with him and his underlings, he would be so damaged that he won’t even be an option for the 2023 presidency. It’s already starting.”

In a December 22, 2019 social media status update titled “Tinubu’s Dangerous Dance with the Cabal,” I wrote:

“The cabal is toying with Bola Tinubu like a yo-yo—and he is naively, if gingerly, playing along— in readiness for his eventual political incineration by or before 2023. And the cabal is being ruthlessly Machiavellian about it.

“Tinubu has been given a fake promissory note that he’ll be APC’s presidential torchbearer in 2023. On the strength of this worthless promissory note, they’ve sought his permission to destroy some of his most trusted foot soldiers.

“With his consent, they’ve consigned Yemi Osinbajo to symbolic Aso Rock prison. Tinubu endorsed Tunde Fowler’s replacement at the FIRS and is in on his impending trial for corruption. He also stamped his imprimatur to Muiz Banire’s unceremonious ouster from AMCON. He’s giddily approving everything the cabal tells him it wants to do to his “constituents” and foot soldiers.

“He has now fallen out of favor with almost all Southwest governors except his dutiful stooge in Lagos and his nephew in Osun. Of course, he is a bête noire to Afenifere. At this rate, Tinubu would divorce his wife and disown his children if the cabal tells him to do so—just because he’s told that he’d be president.

“This is a strategic, Machiavellian demobilization of his base, but one in which he is a willing participant, using the illusory promise of APC presidential nomination. When he is eventually denied the APC presidential slot, he would have no one of political consequence in his natal region to fall back to for counterattack other than his battering rams in the Lagos media.

“Before his eventual political annihilation, he would be thoroughly unpopular in the Southwest. His fate would elicit no mass sympathy from the region when the cabal finally bares its fangs publicly and devours him.”

And in a December 8, 2019 interview with The Interviewmagazine’s Azubuike Ishiekwene, I said the following in response to the question, “If you were to make a prediction about the political landscape in 2020, what would it be?”

“I have no—nor do I believe anyone has—oracular powers, but I think 2020 would witness the incipience of the alignment of political forces preparatory to the 2023 election.

“The Buhari/Tinubu alliance would crack more noticeably. The people who prop Buhari in power don’t want Tinubu—or anyone outside their primordial constituency—to succeed them. That’s my prediction.”

What hasn’t started to happen yet is the fight I predicted between paid Buhari & Tinubu loyalists on social media. In an October 5, 2018 social media post titled “Contest of Idiocy Between Buharists and Tinubuists,” I said, among other things:

“It’s no surprise that Buharists and Tinubuists are in a coalition of buffoonery to reelect a lifeless Buhari in 2019. When pigheaded Buhari fanaticism collides with sheepish Tinubu loyalty, it sparks the sort of combustible admixture of idiocy we’re seeing today, which disposes otherwise normal people to lend unthinking support to transparently incompetent people for political office. Thankfully, the rank of the Tinubuists is dwindling dramatically.

“Buharists and Tinubuists certainly share the same slavish, uncritical, freakish mentality, but wait to see what will happen in 2023 (if Buhari wins a second term) when Buhari disappoints Tinubu by not “handing over” power to him–as he expects Buhari would. You’d be entertained by the fight that would break out between the two idiotic camps that are friends today. Save this somewhere.”

So Tinubu had lots of warning that the fate that has befallen him now was a foregone conclusion. He ignored it and chose instead to legitimize the worst civilian regime in Nigeria’s history. He deserves his fate.

Well, the next predictable phase in the unfolding drama is for Tinubu to turn the Lagos news media against the Buhari regime— and for his mindless loyalists to clash with Buharists in a contest of idiocy. That would be an entertaining spectacle to watch.

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.

The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.

Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

The witness explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.

The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.

Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

They pleaded not guilty to the offences.

The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).

This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.

This order is specifically targeted at large-ticket obligors.

The CBN issued the directive in a circular to banks on Monday.

The latest instruction comes almost a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

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