December 20th 2013
His Excellency,
Chief Olusegun Obasanjo, GCFR
Agbe L’Oba House, Quarry Road,
Ibara, Abeokuta.
Re: Before it is too late
I wish to formally acknowledge your letter dated December 2, 2013 and other previous correspondence similar to it.
You will recall that all the letters were brought to me by hand. Although both of us discussed some of the issues in those letters, I had not, before now, seen the need for any formal reply since, to me, they contained advice from a former President to a serving President. Obviously, you felt differently because in your last letter, you complained about my not acknowledging or replying your previous letters.
It is with the greatest possible reluctance that I now write this reply. I am most uneasy about embarking on this unprecedented and unconventional form of open communication between me and a former leader of our country because I know that there are more acceptable and dignified means of doing so.
But I feel obliged to reply your letter for a number of reasons: one, you formally requested for a reply and not sending you one will be interpreted as ignoring a former President.
Secondly, Nigerians know the role you have played in my political life and given the unfortunate tone of your letter, clearly, the grapes have gone sour. Therefore, my side of the story also needs to be told.
The third reason why I must reply you in writing is that your letter is clearly a threat to national security as it may deliberately or inadvertently set the stage for subversion.
The fourth reason for this reply is that you raised very weighty issues, and since the letter has been made public, Nigerians are expressing legitimate concerns. A response from me therefore, becomes very necessary.
The fifth reason is that this letter may appear in biographies and other books which political commentators on Nigeria’s contemporary politics may write. It is only proper for such publications to include my comments on the issues raised in your letter.
Sixthly, you are very unique in terms of the governance of this country. You were a military Head of State for three years and eight months, and an elected President for eight years. That means you have been the Head of Government of Nigeria for about twelve years. This must have, presumably, exposed you to a lot of information. Thus when you make a statement, there is the tendency for people to take it seriously.
The seventh reason is that the timing of your letter coincided with other vicious releases. The Speaker of the House of Representatives spoke of my “body language” encouraging corruption. A letter written to me by the CBN Governor alleging that NNPC, within a period of 19 months did not remit the sum of USD49.8 billion to the federation account, was also deliberately leaked to the public.
The eighth reason is that it appears that your letter was designed to incite Nigerians from other geopolitical zones against me and also calculated to promote ethnic disharmony. Worse still, your letter was designed to instigate members of our Party, the PDP, against me.
The ninth reason is that your letter conveys to me the feeling that landmines have been laid for me. Therefore, Nigerians need to have my response to the issues raised before the mines explode.
The tenth and final reason why my reply is inevitable is that you have written similar letters and made public comments in reference to all former Presidents and Heads of Government starting from Alhaji Shehu Shagari and these have instigated different actions and reactions. The purpose and direction of your letter is distinctly ominous, and before it is too late, my clarifications on the issues need to be placed on record.
Let me now comment on the issues you raised. In commenting I wish to crave your indulgence to compare what is happening now to what took place before. This, I believe, will enable Nigerians see things in better perspective because we must know where we are coming from so as to appreciate where we now are, and to allow us clearly map out where we are going.
You raised concerns about the security situation in the country. I assure you that I am fully aware of the responsibility of government for ensuring the security of the lives and property of citizens. My Administration is working assiduously to overcome current national security challenges, the seeds of which were sown under previous administrations. There have been some setbacks; but certainly there have also been great successes in our efforts to overcome terrorism and insurgency.
Those who continue to down-play our successes in this regard, amongst whom you must now be numbered, appear to have conveniently forgotten the depths to which security in our country had plunged before now.
At a stage, almost the entire North-East of Nigeria was under siege by insurgents. Bombings of churches and public buildings in the North and the federal capital became an almost weekly occurrence. Our entire national security apparatus seemed nonplussed and unable to come to grips with the new threat posed by the berthing of terrorism on our shores.
But my administration has since brought that very unacceptable situation under significant control. We have overhauled our entire national security architecture, improved intelligence gathering, training, funding, logistical support to our armed forces and security agencies, and security collaboration with friendly countries with very visible and positive results.
The scope and impact of terrorist operations have been significantly reduced and efforts are underway to restore full normalcy to the most affected North Eastern region and initiate a post-crisis development agenda, including a special intervention programme to boost the region’s socio-economic progress.
In doing all this, we have kept our doors open for dialogue with the insurgents and their supporters through efforts such as the work of the Presidential Committee on Dialogue and the Peaceful Resolution of the Security Challenges in the North-East. You also know that the Governor of Borno State provided the items you mentioned to me as carrots. Having done all this and more, it is interesting that you still accuse me of not acting on your hardly original recommendation that the carrot and stick option be deployed to solve the Boko Haram problem.
Your suggestion that we are pursuing a “war against violence without understanding the root causes of the violence and applying solutions to deal with all the underlying factors” is definitely misplaced because from the onset of this administration, we have been implementing a multifaceted strategy against militancy, insurgency and terrorism that includes poverty alleviation, economic development, education and social reforms.
Even though basic education is the constitutional responsibility of States, my administration has, as part of its efforts to address ignorance and poor education which have been identified as two of the factors responsible for making some of our youth easily available for use as cannon fodder by insurgents and terrorists, committed huge funds to the provision of modern basic education schools for the Almajiri in several Northern States. The Federal Government under my leadership has also set up nine additional universities in the Northern States and three in the Southern States in keeping with my belief that proper education is the surest way of emancipating and empowering our people.
More uncharitable persons may even see a touch of sanctimoniousness in your new belief in the carrot and stick approach to overcoming militancy and insurgency. You have always referred to how you hit Odi in Bayelsa State to curb militancy in the Niger Delta. If the invasion of Odi by the Army was the stick, I did not see the corresponding carrot. I was the Deputy Governor of Bayelsa State then, and as I have always told you, the invasion of Odi did not solve any militancy problem but, to some extent, escalated it. If it had solved it, late President Yar’Adua would not have had to come up with the amnesty program. And while some elements of the problem may still be there, in general, the situation is reasonably better.
In terms of general insecurity in the country and particularly the crisis in the Niger Delta, 2007 was one of the worst periods in our history. You will recall three incidents that happened in 2007 which seemed to have been orchestrated to achieve sinister objectives. Here in Abuja, a petrol tanker loaded with explosives was to be rammed into the INEC building. But luckily for the country, an electric pole stopped the tanker from hitting the INEC building. It is clear that this incident was meant to exploit the general sense of insecurity in the nation at the time to achieve the aim of stopping the 2007 elections. It is instructive that you, on a number of occasions, alluded to this fact.
When that incident failed, an armed group invaded Yenagoa one evening with the intent to assassinate me. Luckily for me, they could not. They again attacked and bombed my country home on a night when I was expected in the village. Fortunately, as God would have it, I did not make the trip.
I recall that immediately after both incidents, I got calls expressing the concern of Abuja. But Baba, you know that despite the apparent concern of Abuja, no single arrest was ever made. I was then the Governor of Bayelsa State and the PDP Vice-Presidential candidate. The security people ordinarily should have unraveled the assassination attempt on me.
You also raised the issues of kidnapping, piracy and armed robbery. These are issues all Nigerians, including me are very concerned about. While we will continue to do our utmost best to reduce all forms of criminality to the barest minimum in our country, it is just as well to remind you that the first major case of kidnapping for ransom took place around 2006. And the Boko Haram crisis dates back to 2002. Goodluck Jonathan was not the President of the country then. Also, armed robbery started in this country immediately after the civil war and since then, it has been a problem to all succeeding governments. For a former Head of Government, who should know better, to present these problems as if they were creations of the Jonathan Administration is most uncharitable.
Having said that, let me remind you of some of the things we have done to curb violent crime in the country. We have reorganized the Nigerian Police Force and appointed a more dynamic leadership to oversee its affairs. We have also improved its manpower levels as well as funding, training and logistical support.
We have also increased the surveillance capabilities of the Police and provided its air-wing with thrice the number of helicopters it had before the inception of the present administration. The National Civil Defence and Security Corps has been armed to make it a much more effective ally of the police and other security agencies in the war against violent crime. At both domestic and international levels, we are doing everything possible to curb the proliferation of the small arms and light weapons with which armed robberies, kidnappings and piracy are perpetrated. We have also enhanced security at our borders to curb cross-border crimes.
We are aggressively addressing the challenge of crude oil theft in collaboration with the state Governors. In addition, the Federal Government has engaged the British and US governments for their support in the tracking of the proceeds from the purchase of stolen crude. Similarly, a regional Gulf of Guinea security strategy has been initiated to curb crude oil theft and piracy.
Perhaps the most invidious accusation in your letter is the allegation that I have placed over one thousand Nigerians on a political watch list, and that I am training snipers and other militia to assassinate people. Baba, I don’t know where you got that from but you do me grave injustice in not only lending credence to such baseless rumours, but also publicizing it. You mentioned God seventeen times in your letter. Can you as a Christian hold the Bible and say that you truly believe this allegation?
The allegation of training snipers to assassinate political opponents is particularly incomprehensible to me. Since I started my political career as a Deputy Governor, I have never been associated with any form of political violence. I have been a President for over three years now, with a lot of challenges and opposition mainly from the high and mighty. There have certainly been cases of political assassination since the advent of our Fourth Republic, but as you well know, none of them occurred under my leadership.
Regarding the over one thousand people you say are on a political watch list, I urge you to kindly tell Nigerians who they are and what agencies of government are “watching” them. Your allegation that I am using security operatives to harass people is also baseless. Nigerians are waiting for your evidence of proof. That was an accusation made against previous administrations, including yours, but it is certainly not my style and will never be. Again, if you insist on the spurious claim that some of your relatives and friends are being harassed, I urge you to name them and tell Nigerians what agencies of my administration are harassing them.
I also find it difficult to believe that you will accuse me of assisting murderers, or assigning a presidential delegation to welcome a murderer. This is a most unconscionable and untrue allegation. It is incumbent on me to remind you that I am fully conscious of the dictates of my responsibilities to God and our dear nation. It is my hope that devious elements will not take advantage of your baseless allegation to engage in brazen and wanton assassination of high profile politicians as before, hiding under the alibi your “open letter” has provided for them.
Nevertheless, I have directed the security agencies and requested the National Human Rights Commission to carry out a thorough investigation of these criminal allegations and make their findings public.
That corruption is an issue in Nigeria is indisputable. It has been with us for many years. You will recall that your kinsman, the renowned afro-beat maestro, Fela Anikulapo-Kuti famously sang about it during your first stint as Head of State. Sonny Okosun also sang about corruption. And as you may recall, a number of Army Generals were to be retired because of corruption before the Dimka coup. Also, the late General Murtala Mohammed himself wanted to retire some top people in his cabinet on corruption-related issues before he was assassinated. Even in this Fourth Republic, the Siemens and Halliburton scandals are well known.
The seed of corruption in this country was planted a long time ago, but we are doing all that we can to drastically reduce its debilitating effects on national development and progress. I have been strengthening the institutions established to fight corruption. I will not shield any government official or private individual involved in corruption, but I must follow due process in all that I do. And whenever clear cases of corruption or fraud have been established, my administration has always taken prompt action in keeping with the dictates of extant laws and procedures. You cannot claim to be unaware of the fact that several highly placed persons in our country, including sons of some of our party leaders are currently facing trial for their involvement in the celebrated subsidy scam affair. I can hardly be blamed if the wheels of justice still grind very slowly in our country, but we are doing our best to support and encourage the judiciary to quicken the pace of adjudication in cases of corruption.
Baba, I am amazed that with all the knowledge garnered from your many years at the highest level of governance in our country, you could still believe the spurious allegation contained in a letter written to me by the Governor of the Central Bank of Nigeria (CBN), and surreptitiously obtained by you, alleging that USD49.8 billion, a sum equal to our entire national budget for two years, is “unaccounted for” by the NNPC. Since, as President, you also served for many years as Minister of Petroleum Resources, you very well know the workings of the corporation. It is therefore intriguing that you have made such an assertion. You made a lot of insinuations about oil theft, shady dealings at the NNPC and the NNPC not remitting the full proceeds of oil sales to the of CBN. Now that the main source of the allegations which you rehashed has publicly stated that he was “misconstrued”, perhaps you will find it in your heart to apologize for misleading unwary Nigerians and impugning the integrity of my administration on that score.
Your claim of “Atlantic Oil loading about 130, 000 barrels sold by Shell and managed on behalf of NPDC with no sale proceeds paid into the NPDC account” is also disjointed and baseless because no such arrangement as you described exists between Atlantic Oil and the Nigeria Petroleum Development Company. NPDC currently produces about 138, 000 barrels of oil per day from over 7 producing assets. The Crude Oil Marketing Division (COMD) of the NNPC markets all of this production on behalf of NPDC with proceeds paid into NPDC account.
I am really shocked that with all avenues open to you as a former Head of State for the verification of any information you have received about state affairs, you chose to go public with allegations of “high corruption” without offering a shred of supporting evidence. One of your political “sons” similarly alleged recently that he told me of a minister who received a bribe of $250 Million from an oil company and I did nothing about it. He may have been playing from a shared script, but we have not heard from him again since he was challenged to name the minister involved and provide the evidence to back his claim. I urge you, in the same vein, to furnish me with the names, facts and figures of a single verifiable case of the “high corruption” which you say stinks all around my administration and see whether the corrective action you advocate does not follow promptly. And while you are at it, you may also wish to tell Nigerians the true story of questionable waivers of signature bonuses between 2000 and 2007.
While, by the Grace of God Almighty, I am the first President from a minority group, I am never unmindful of the fact that I was elected leader of the whole of Nigeria and I have always acted in the best interest of all Nigerians. You referred to the divisive actions and inflammatory utterances of some individuals from the South-South and asserted that I have done nothing to call them to order or distance myself from their ethnic chauvinism. Again that is very untrue. I am as committed to the unity of this country as any patriot can be and I have publicly declared on many occasions that no person who threatens other Nigerians or parts of the country is acting on my behalf.
It is very regrettable that in your letter, you seem to place sole responsibility for the ongoing intrigues and tensions in the PDP at my doorstep, and going on from that position, you direct all your appeals for a resolution at me. Baba, let us all be truthful to ourselves, God and posterity. At the heart of all the current troubles in our party and the larger polity is the unbridled jostling and positioning for personal or group advantage ahead of the 2015 general elections. The “bitterness, anger, mistrust, fear and deep suspicion” you wrote about all flow from this singular factor.
It is indeed very unfortunate that the seeming crisis in the party was instigated by a few senior members of the party, including you. But, as leader of the party, I will continue to do my best to unite it so that we can move forward with strength and unity of purpose. The PDP has always recovered from previous crises with renewed vigour and vitality. I am very optimistic that that will be the case again this time. The PDP will overcome any temporary setback, remain a strong party and even grow stronger.
Instigating people to cause problems and disaffection within the party is something that you are certainly familiar with. You will recall that founding fathers of the Party were frustrated out of the Party at a time. Late Chief Sunday Awoniyi was pushed out, Late Chief Solomon Lar left and later came back, Chief Audu Ogbeh and Chief Tom Ikimi also left. Chief Okwesilieze Nwodo left and later came back. In 2005/2006, link-men were sent to take over party structures from PDP Governors in an unveiled attempt to undermine the state governors. In spite of that, the Governors did not leave the Party because nobody instigated and encouraged them to do so.
The charge that I was involved in anti-party activities in governorship elections in Edo, Ondo, Lagos, and Anambra States is also very unfortunate. I relate with all Governors irrespective of political party affiliation but I have not worked against the interest of the PDP. What I have not done is to influence the electoral process to favour our Party. You were definitely never so inclined, since you openly boasted in your letter of how you supported Alhaji Shehu Shagari against Chief Obafemi Awolowo, Chief Nnamdi Azikiwe and others in the 1979 presidential elections while serving as a military Head of State. You and I clearly differ in this regard, because as the President of Nigeria, I believe it is my duty and responsibility to create a level playing field for all parties and all candidates.
Recalling how the PDP lost in states where we were very strong in 2003 and 2007 such as Edo, Ondo, Imo, Bauchi, Anambra, and Borno, longstanding members of our great party with good memory will also consider the charge of anti-party activities you made against me as misdirected and hugely hypocritical. It certainly was not Goodluck Jonathan’s “personal ambition or selfish interest” that caused the PDP to lose the governorship of Ogun State and all its senatorial seats in the last general elections.
You quoted me as saying that I have not told anybody that I will seek another term in office in 2015. You and your ambitious acolytes within the party have clearly decided to act on your conclusion that “only a fool will believe that statement” and embark on a virulent campaign to harass me out of an undeclared candidature for the 2015 presidential elections so as to pave the way for a successor anointed by you.
You will recall that you serially advised me that we should refrain from discussing the 2015 general elections for now so as not to distract elected public officials from urgent task of governance. While you have apparently moved away from that position, I am still of the considered opinion that it would have been best for us to do all that is necessary to refrain from heating up the polity at this time. Accordingly, I have already informed Nigerians that I will only speak on whether or not I will seek a second term when it is time for such declarations. Your claims about discussions I had with you, Governor Gabriel Suswam and others are wrong, but in keeping with my declared stance, I will reserve further comments until the appropriate time.
Your allegation that I asked half a dozen African Presidents to speak to you about my alleged ambition for 2015, is also untrue. I have never requested any African President to discuss with you on my behalf. In our discussion, I mentioned to you that four Presidents told me that they were concerned about the political situation in Nigeria and intended to talk to you about it. So far, only three of them have confirmed to me that they have had any discussion with you. If I made such a request, why would I deny it?
The issue of Buruji Kashamu is one of those lies that should not be associated with a former President. The allegation that I am imposing Kashamu on the South-West is most unfortunate and regrettable. I do not even impose Party officials in my home state of Bayelsa and there is no zone in this country where I have imposed officials. So why would I do so in the South West? Baba, in the light of Buruji’s detailed public response to your “open letter”, it will be charitable for you to render an apology to Nigerians and I.
On the issue of investors being scared to come to Nigeria, economic dormancy, and stagnation, I will just refer you to FDI statistics from 2000 to 2013. Within the last three years, Nigeria has emerged as the preferred destination for investments in Africa, driven by successful government policies to attract foreign investors. For the second year running, the United Nations Conference on Trade and Investments (UNCTAD) has ranked Nigeria as the number one destination for investments in Africa, and as having the fourth highest returns in the world.
Today, Nigeria is holding 18 percent of all foreign investments in Africa and 60 percent of all foreign investments in the ECOWAS Sub-Region. Kindly note also that in the seven years between 2000 and 2007 when you were President, Nigeria attracted a total of $24.9 Billion in FDI. As a result of our efforts which you disparage, the country has seen an FDI inflow of $25.7 Billion in just three years which is more than double the FDI that has gone to the second highest African destination. We have also maintained an annual national economic growth rate of close to seven per cent since the inception of this administration. What then, is the justification for your allegation of scared investors and economic dormancy?
Although it was not emphasized in your letter of December 2, 2013, you also conveyed, in previous correspondence, the impression that you were ignorant of the very notable achievements of my administration in the area of foreign relations. It is on record that under my leadership, Nigeria has played a key role in resolving the conflicts in Niger, Cote d’Ivoire, Mali, Guinea Bissau and others.
The unproductive rivalry that existed between Nigeria and some ECOWAS countries has also been ended under my watch and Nigeria now has better relations with all the ECOWAS countries. At the African Union, we now have a Commissioner at the AU Commission after being without one for so long. We were in the United Nations Security Council for the 2010/2011 Session and we have been voted in again for the 2014/2015 Session. From independence to 2010, we were in the U.N. Security Council only three times but from 2010 to 2015, we will be there two times.
This did not happen by chance. My Administration worked hard for it and we continue to maintain the best possible relations with all centres of global political and economic power. I find it hard therefore, to believe your assertions of untoward concern in the international community over the state of governance in Nigeria
With respect to the Brass and Olokola LNG projects, you may have forgotten that though you started these projects, Final Investment Decisions were never reached. For your information, NNPC has not withdrawn from either the Olokola or the Brass LNG projects.
On the Rivers State Water Project, you were misled by your informant. The Federal Government under my watch has never directed or instructed the Africa Development Bank to put on hold any project to be executed in Rivers state or any other State within the Federation. The Rivers Water Project was not originally in the borrowing plan but it was included in April 2013 and appraised in May. Negotiations are ongoing with the AfDB. I have no doubt that you are familiar with the entire process that prefaces the signing of a Subsidiary Loan Agreement as in this instance.
Let me assure you and all Nigerians that I do not engage in negative political actions and will never, as President, oppress the people of a State or deprive them of much needed public services as a result of political disagreement
I have noted your comments on the proposed National Conference. Contrary to the insinuation in your letter, the proposed conference is aimed at bringing Nigerians together to resolve contentious national issues in a formal setting. This is a sure way of promoting greater national consensus and unity, and not a recipe for “disunity, confusion and chaos” as you alleged in your letter.
Having twice held the high office of President, Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria, I trust that you will understand that I cannot possibly find the time to offer a line-by-line response to all the accusations and allegations made in your letter while dealing with other pressing demands of office and more urgent affairs of state.
I have tried, however, to respond to only the most serious of the charges which question my sincerity, personal honour, and commitment to the oath which I have sworn, to always uphold and protect the interests of all Nigerians, and promote their well-being.
In closing, let me state that you have done me grave injustice with your public letter in which you wrongfully accused me of deceit, deception, dishonesty, incompetence, clannishness, divisiveness and insincerity, amongst other ills.
I have not, myself, ever claimed to be all-knowing or infallible, but I have never taken Nigeria or Nigerians for granted as you implied, and I will continue to do my utmost to steer our ship of state towards the brighter future to which we all aspire.
Please accept the assurances of my highest consideration and warm regards
GOODLUCK EBELE JONATHAN
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Petrol Hits ₦1,470: ADC Warns ‘Nigerians Are Choking’
Nigerians are being pushed deeper into economic hardship as petrol prices climb as high as ₦1,470 per litre, with the African Democratic Congress (ADC) warning that families and businesses are being driven to breaking point.
The opposition party accused President Bola Tinubu’s administration of piling fresh pressure on Nigerians already struggling with soaring living costs.
In a strongly worded statement signed by its National Publicity Secretary, Bolaji Abdullahi, the ADC said the rising petrol price was triggering a chain reaction across the economy.
“President Tinubu has turned the petrol pump into an instrument of punishment for everyday Nigerians,” the party declared.
According to the ADC, the impact is being felt far beyond filling stations, with higher fuel costs feeding into transportation, food, electricity, education and business expenses.
‘NO MORE HOLES LEFT’
The party also cited reports of private schools increasing fees by 30 to 40 per cent, arguing that most parents have not seen comparable increases in their incomes.
“Parents are not earning 40 per cent more,” the ADC said, pointing to the simultaneous rise in fuel, food, rent, transportation and education costs.
The party said school proprietors were also under pressure from higher electricity bills, taxes, fuel costs, rents and salaries.
But it warned that the combined burden was becoming unbearable for households.
“At ₦1,470 per litre, petrol is no longer simply a commodity. It is a Tinubu Tax,” the ADC said.
The party further claimed that some Nigerians are now skipping meals, withdrawing children from school, delaying medical treatment and shutting down businesses because of mounting costs.
“Under Tinubu and the APC, Nigerians have been tightening their belts. Now, there are no more holes left, and people have started to choke,” the party said.
‘REFORM IS NOT WORKING’
The ADC also attacked the government's economic reform programme, arguing that policies that increase hardship without corresponding improvements in household incomes cannot deliver meaningful relief.
“A reform that continuously makes the people poorer is not working,” the party declared.
It accused public officials of demanding sacrifices from ordinary Nigerians while allegedly maintaining extravagant lifestyles at public expense.
“When parents must choose between feeding their children and educating them, the government has failed spectacularly in its most basic responsibility,” the ADC said.
2027 BATTLE LINE DRAWN
With the 2027 presidential election approaching, the ADC sought to draw a clear contrast between Tinubu’s economic policies and the programme proposed by its presidential candidate, Atiku Abubakar.
The party reiterated Atiku’s proposal to restore fuel subsidy while supporting domestic fuel production, saying this would help reduce the cost of transportation, food and production.
“Economic reform must serve the people, not sacrifice them,” the ADC said.
The party also warned the ruling APC not to mistake Nigerians’ resilience for approval.
“Our resilience must not become an excuse for continued cruelty,” it said.
The ADC concluded with a direct appeal to the President:
“Tinubu has had enough time and inflicted enough pain. The people are suffering, businesses are dying, and hope is becoming increasingly expensive. President Tinubu must act now. Don’t push Nigerians to their limits.”
Banks Shut 476 Branches as Nigeria’s Banking Landscape Goes Digital
Nigeria’s banks are rapidly abandoning the traditional banking model, shutting down hundreds of branches and cash centres as customers increasingly move to digital and electronic channels.
Data from the Central Bank of Nigeria show that banks closed a net 476 branches and cash centres between 2022 and 2025, cutting the country’s physical banking network by 8.8 per cent in just three years.
The number of bank branches and cash centres plunged from 5,410 in 2022 to 4,934 in 2025, signalling a dramatic shift away from brick-and-mortar banking.
The contraction has gathered pace in recent years.
Banks closed 37 locations in 2023, followed by a much steeper reduction of 229 locations in 2024. Another 210 branches and cash centres disappeared in 2025.
In effect, more than nine out of every 10 locations lost during the three-year period were closed in 2024 and 2025.
The figures, contained in the CBN’s 2025 Statistical Bulletin for the Financial Sector, cover branches and cash centres operated by commercial, merchant and non-interest banks. The data were sourced from the CBN and the Nigeria Deposit Insurance Corporation.
Lagos bears the biggest hit Lagos, Nigeria’s financial powerhouse, recorded the largest decline.
The state had 1,602 bank branches and cash centres in 2022. That figure dropped to 1,532 in 2023, 1,521 in 2024 and just 1,444 in 2025.
That represents a loss of 158 locations, or nearly 10 per cent, in three years.
Despite the closures, Lagos remains overwhelmingly dominant, accounting for almost 29 per cent of all physical banking locations in Nigeria.
The Federal Capital Territory also suffered a significant contraction. Abuja went from 400 locations in 2022 to 362 in 2025, a decline of 38, or 9.5 per cent.
But some states experienced far more dramatic cuts.
Ekiti lost almost half of its banking locations, falling from 107 in 2022 to just 57 in 2025 — a staggering 46.7 per cent decline.
Enugu lost 44 locations, dropping from 162 to 118, while Oyo shed 41, falling from 237 to 196.
Other notable declines were recorded in Ondo, Plateau, Osun, Cross River and Rivers.
Northern banking centres also feel the squeeze
The contraction was not confined to the South.
Kano, for instance, initially expanded its banking footprint, rising from 164 locations in 2022 to 183 in 2024. But the reversal was sharp in 2025, when the figure crashed to 157.
Kaduna followed a similar pattern. Its locations climbed from 148 in 2022 to 164 in 2024 before falling back to 146 in 2025.
Yet not every state is losing branches.
Delta recorded the strongest expansion among the states highlighted, adding 23 locations and rising from 173 in 2022 to 196 in 2025.
Edo added 10, while Jigawa and Kogi gained six and five locations respectively.
A widening banking divide
The figures expose a striking disparity in access to physical banking infrastructure across Nigeria.
While Lagos had 1,444 branches and cash centres in 2025, Yobe had only 23, Taraba 26 and Zamfara 28.
Bayelsa and Gombe had 31 each, while Ebonyi had 32.
The imbalance underscores how heavily physical banking infrastructure remains concentrated in Nigeria’s major commercial and economic centres.
The bank branch may be losing its battle
The shrinking branch network comes despite the number of banks operating in Nigeria initially increasing.
The country had 32 banks in 2022, 33 in 2023 and 35 in 2024, before the figure slipped slightly to 34 in 2025.
That means the branch closures cannot simply be explained by a shrinking number of banks.
Instead, the figures point to a much bigger transformation: Nigerian banking is moving away from physical locations and towards digital platforms.
The CBN has itself been pushing greater adoption of alternative payment channels, particularly among farmers, traders, small businesses and informal-sector operators who may have limited access to conventional banking services.
Speaking at the 2026 CBN Fair in Lokoja, the Acting Director of Corporate Communications and Investor Relations, Hakama Sidi-Ali, stressed the importance of alternative payment channels in expanding financial access and stimulating economic activity.
The message from the numbers is even clearer.
The era of banking halls on every major street may be fading.
With hundreds of branches disappearing in just three years — and the pace of closures accelerating — Nigeria’s banking industry is betting increasingly on phones, apps, electronic payments and other digital channels rather than physical walls and counters.
For millions of Nigerians, the next bank branch may no longer be a building. It may be sitting in their hands.
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In The Spotlight
Editorial:The War Behind the War
Nigeria is building a bigger army. But if the reports of secret talks with Boko Haram are true, Abuja may be fighting a very different war behind closed doors.
Nigeria is preparing for war.Thirty thousand more soldiers. Four new Army divisions. More troops, more formations, more firepower. The message from Abuja is unmistakable: the insurgency will be crushed. But somewhere behind that declaration of war lies a far more uncomfortable possibility. What if Nigeria is also negotiating with the enemy?
That is the question raised by reports surrounding the release of roughly 360 civilians abducted in Borno State after the attack around Ngoshe. The government has not publicly acknowledged a secret ceasefire with Boko Haram. It has also denied allegations that ransom was paid. Those denials matter. So do the allegations.
Because if the reported arrangement is accurate, Nigeria's counterterrorism strategy may be entering a dangerous new phase—one in which the government fights insurgents in the open while talking to them in the shadows. And that is where the real danger begins.
The price of getting people home
For the families of the abducted, there is no grand strategy. There is only one question:Are they alive?
If negotiations helped bring hundreds of civilians home, families are unlikely to complain about the method. They wanted their husbands, wives, children and relatives back.That is the brutal arithmetic of hostage-taking. But governments cannot afford to think only about the hostage in front of them.They must also think about the hostage who may be taken tomorrow.
The allegation of a ₦5 billion payment, if ever substantiated, would therefore be explosive—not merely because of the money, but because of the precedent. If an armed group discovers that kidnapping civilians can produce cash, concessions or a pause inmilitary operations, kidnapping stops being merely a weapon.It becomes a business model. And Nigeria already has too many kidnappers.
The contradiction at the heart of Abuja's strategy
Here is the paradox. President Bola Tinubu is expanding the machinery of war at precisely the moment reports suggest that government-linked actors may have been talking to Boko Haram.
So which is it? War or negotiation? The uncomfortable answer may be: both. And perhaps that is not necessarily irrational.
Governments negotiate when lives are at stake. They gather intelligence through contacts. They explore defections. They communicate with enemies even while fighting them. Military pressure can strengthen a government's negotiating position. Negotiations can save lives while military operations continue elsewhere.
But there is a line between using talks as a tactical instrument and allowing negotiations to become a substitute for strategy.Nigeria must know where that line is.
The ceasefire question
A temporary halt in fighting sounds harmless until you ask what happens during the silence. Insurgents do not necessarily see a ceasefire as surrender. They can see it as breathing space. Time to move fighters.Time to acquire supplies.Time to recruit.Time to reorganise.Time to recover from military pressure.
In an insurgency, a few quiet months can be worth more than a few square kilometres of territory.
That is why the most important question surrounding the reported Ngoshe arrangement is not simply whether fighting stopped.
It is this:What did Boko Haram do while it stopped? If the group used the pause to regroup, then a humanitarian success may have carried a strategic cost.If it did not, then perhaps the negotiations achieved precisely what they were supposed to achieve. Nigeria deserves to know.
Who was talking?
This may be the biggest unanswered question of all. There is no established evidence that President Tinubu personally negotiated with Boko Haram. Claims of a secret presidential deal should therefore not be presented as fact.
But if government representatives did negotiate a truce, somebody authorised those contacts. Somebody decided that talking was preferable to shooting.
Somebody determined what could be offered—and what could not.That chain of authority matters.Because secrecy may sometimes protect an operation.
It should not become a permanent shield against accountability. The government does not need to publish intelligence that would endanger hostages or expose sources.
But Nigerians have a legitimate right to know whether their government has paid terrorists, granted concessions or entered into ceasefires.
The Army is getting bigger. The questions are getting bigger too.
Tinubu's decision to expand the Army reflects the scale of Nigeria's security crisis.Boko Haram and ISWAP remain threats in the northeast. Banditry and kidnapping continue elsewhere. The military is being asked to fight on multiple fronts across a vast country. Thirty thousand additional soldiers will not, by themselves, solve an insurgency that has survived nearly two decades.
More soldiers can provide manpower.They cannot automatically provide victory. And this is where Abuja must be careful.
A government cannot tell Nigerians that terrorism will be defeated while simultaneously allowing armed groups to believe that kidnapping can open the door to profitable negotiations.
That sends two messages at once. One says:We will fight you. The other whispers:But if you take enough civilians, we may talk. For an insurgent organisation, that distinction can be very profitable.
Boko Haram is not the only player
There is another complication. Even if Abuja could reach a workable understanding with Boko Haram, Nigeria's jihadist problem would not disappear. ISWAP remains a separate and formidable force.
The northeast is not a chessboard with two pieces. It is a shifting battlefield of factions, commanders, rivalries and opportunistic alliances.
An agreement with one group can change the balance with another. An insurgent who signs a ceasefire today may defect tomorrow. A faction that loses influence may become more violent.
There are no guarantees in this kind of war. The danger of teaching terrorists the wrong lesson.This is ultimately what Abuja must worry about. Not simply whether a ransom was paid. Not simply whether a ceasefire happened. But what lesson the entire episode teaches.
If the lesson is that civilians can be kidnapped, government officials can be summoned to negotiations, money can change hands and military pressure can be reduced, then Nigeria risks creating an incentive for more abductions.
The country cannot afford that. Nigeria's kidnapping economy is already too deeply entrenched. Every concession to an armed group carries the possibility of becoming an advertisement for the next one.
Perhaps the hardest truth is this.
After 17 years of insurgency, Nigeria may have to confront a reality that governments have repeatedly resisted:There may be no purely military solution. That does not mean surrender. It does not mean rewarding terrorists.It does not mean abandoning military pressure. It means recognising that insurgencies are political, social and economic conflicts as well as military ones.But if Nigeria chooses negotiation, it must negotiate from strength and with clear objectives.
If it chooses war, it must understand what victory actually means. And if it chooses both, Nigerians deserve to know what the rules are.The shadows cannot govern forever. The reported Ngoshe arrangement may ultimately prove to be something very different from the allegations now circulating.
The ₦5 billion claim remains unproven.The alleged ceasefire has not been publicly established by the Nigerian government.
Those distinctions matter. But unanswered questions matter too. Who negotiated? Who authorised it? Was money paid? What concessions were made? Did Boko Haram use the pause to rebuild? And most importantly, what is Abuja's endgame?
Nigeria cannot fight a 17-year war indefinitely while pretending that every problem can be solved by another battalion, another operation and another military communiqué. Nor can it negotiate in secret indefinitely and expect the public to remain in the dark.
President Tinubu is building a bigger Army.
That may be necessary. But a bigger Army is not the same thing as a clearer strategy. The real test is whether Nigeria can use military power, intelligence, diplomacy and negotiation without allowing any of them to become a reward for terrorism.
Because the most dangerous battlefield may no longer be the one where the guns are firing. It may be the one where, behind closed doors, the price of peace is being negotiated.
In The Spotlight
Mixed metaphors: Eating them young
On this page, I have praised former Minister Nasir el-Rufai for his work in the Federal Capital Territory.
As governor, I praised some of his work, including when he fired state teachers. I also criticised him when he became arrogant and presumptuous.
Powerful people tend to misjudge distance, in terms of how long they will remain powerful, as well as the depth of their relevance, measuring how power, once in the hands of others, can remain in their favour.
El-Rufai made both miscalculations. Following over two decades of untouchability in power from Olusegun Obasanjo to Muhammadu Buhari, he has now spent 200 days in pre-trial detention on ICPC and DSS charges.
This should not happen to a citizen, any citizen. But some citizens, when fate grants them the winning lottery ticket, become Cronus, the Titan in Greek mythology who, to maintain his power, swallowed five of his six children soon after birth.
But not Zeus, his youngest son, who miraculously survived and, becoming the supreme ruler of the Olympian gods and the “Father of Gods and Men, “would exact vengeance.
In power, el-Rufai forgot not only the principle of right and wrong, but also the concept of justice.
But it was right there the whole time: on the flip side of injustice. The truth is that wearing glasses to be able to see arms, nobody to see through clouds.
Last Tuesday’s disruption by political thugs of the visit to Benue State of Peter Obi, the presidential candidate of the Nigeria Democratic Congress, is an early reminder of the temptations of power in a Nigerian election year.
The ruling party controls the state, which is in the thick of Nigeria’s insecurity crisis. Its governor, Hyacinth Alia, is a Catholic priest. Having, in 2025, been involved in trying to prevent the same Obi from a humanitarian visit, claiming that his intervention was purely on security grounds, Mr Alia is trying to persuade the country that his are not the hands behind the crude attempt to stop, particularly Mr Obi, from travelling freely and safely in the state.
As Minister Festus Keyamo wisely said, this kind of menace is not a part of our democracy. Mr Alia, show the world your strengths, not your limitations.
Big news: the 2024 Auditor-General’s Non-Compliance report, published last month, identified over N1.34trn in audit lapses.
It found that the National Cash Transfer Office paid N33.751 billion to 3,295,207 households in 35 states in 2023 with no evidence that the money reached genuine beneficiaries.
The Office could not produce REMITA records to authenticate the payments. SERAP has written to President Tinubu demanding a published audit trail and investigation of the flagged N78.8bn in total irregularities.
Similarly, Femi Falana (SAN) has called on the EFCC to investigate and prosecute officials.
Given that we are dealing with a specific regime of governance coated in colours of ruthlessness, it is doubtful that these calls will yield anything.
The truth is that the situation is worse than what we know so far, and so, I have a different call: that Nigerians pay close attention to what is actually a long-running looting spree of our poorest and most vulnerable. There is a scorched-earth assault going on.
I begin in 2019, the start of the second term of the fake anti-corruption champion Muhammadu Buhari:
The Auditor-General’s 2019 report on the FGN Consolidated Financial Statements discovered that 36 MDAs made individual transfer payments,totalingN15,534,467,561.26, without identifying the beneficiaries, ignoring the relevant budget lines for “Transfers–Payment to Unemployed” and “Transfers–Payment to Aged/Vulnerable Group.” The Auditor-General flagged the risk of “diversion of public funds” and “misapplication of funds.”
The 2020 report is more curious. In the MDA-by-MDA budget-performance schedule, the National Social Investment Office shows: Approved Budget N0.00, Supplementary Budget N0.00, Total Budget N0.00, but the actual spending is N275,010,764,595.02! That is, the NSIO somehow recorded spending N275bn with no budgetary authorisation at all.
Surely, somebody has an explanation?
The 2021 Non-Compliance report, Volume II, found under the Ministry of Humanitarian Affairs that N54,630,000,000 in N-Power Batch C1 stipends (the August–December 2021 backlog) was recorded as paid but, per the Auditor-General’s own field visits, “was not actually effected to the beneficiaries.”
The same section found N2,617,090,786 paid for the National Home-Grown School Feeding Programme (COVID-19 period), the Auditor-General recommending full recovery to the Treasury: a combined N58.05bn flagged in that one ministry in that one year.
Surely, somebody has an explanation?
The 2022 Non-Compliance file is titled as Volumes I and II merged, but despite that filename, Volume II appears to be absent, as it excludes Humanitarian Affairs, NSIPA, NCTO or NASSCO, meaning that their work was either not audited at all, or that that specific audit has yet to be published.
Again, and similarly, despite examining the two volumes of the 2023 Non-Compliance report, neither the Ministry of Humanitarian Affairs, NSIPA, NCTO, NASSCO, N-Power, GEEP nor school feeding appears anywhere, although many other agencies were thoroughly audited.
Surely, somebody has an explanation?
That brings us to the 2024 itemised findings SERAP has publicized: N33.751bn in cash transfers with no beneficiary confirmation; N36.744bn paid in December 2023 without prepayment audit; N4.616bn in unsupported expenditure which the Auditor-General says “may have been diverted”; N350.18m in enrolment payments to state coordinators with no supporting documentation; N89.51m for store items never delivered or logged; N17.42m in diesel cash advances with no traceable purchases; and at NASSCO, N2.24bn paid through 158 vouchers without prepayment audit.
These appear to be the patterns that Nigerian MDAs exhibit in their work every year, with vulnerable Nigerians exploited every year.
But the first challenge is for journalists to track Humanitarian Affairs/NSIPA through every audit year to establish the full carnage.
There is another crisis: that despite all of this, a lot of MDAs still fail to submit audited accounts to the Auditor-General, representing one of Nigeria’s worst accountability challenges. This is a problem that worsened significantly under the Buhari administration despite his anti-corruption rhetoric. According to the Auditor-General, the 2016 audit year saw the highest number of non-submissions (324) in modern Nigerian history: more than double the previous 22-year high of 148. In 2016-2017 alone, 436 agencies failed to submit accounts. Think about that.
President Bola Tinubu is in the middle of a three-week foreign trip, departing without formally informing the National Assembly or handing over to Vice President Shettima, violating the constitution.
For a man who is seeking a second term of office, this is a stark reminder of how little the rules, or for that matter, Nigeria, really matter to Mr Tinubu. Keep in mind that when he headed north, Mr Shettima headed south, to Angola.
The general debate of the 81st United Nations General Assembly will begin on 22 September. Mr Tinubu is scheduled to speak the following morning.
At a time of chaos and doubt in his leadership, and in democracy under his watch, he will confront the theme: “Restoring trust, managing transformation: a United Nations that delivers for all.”
By Sonala Olumhense