In very strong terms on Monday, the All Progressives Congress told Nigerians that the truth about the Boko Haram insurgency was out and that the two prominent people fingered as sponsors of terrorism by Dr. Stephen Davis, the Australian negotiator contracted by Nigerian government in the heat of the abduction of the Chibok girls, must be arrested and handed over to the International Criminal Court (ICC).
The party asked President Goodluck Jonathan to immediately take that action and hand over former governor of Borno State, Ali Modu Sheriff as well as immediate past Army Chief, Geneneral Azubuike Ihejirika, to the ICC so as to stem the tension in the country as the country was already disintegrating and needed to be salvaged urgently.
The full text of the press conference titled: 'Boko Haram: Finally, The Truth Is Out!' and addressed by the National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, is reprinted below:
Boko Haram: Finally, The Truth Is Out!
Good afternoon Gentlemen of the press, and thank you for honouring my invitation to this press conference.
Before I address you today, kindly permit me to play the full interview of Dr. Stephen Davis, the Australian negotiator who was appointed by President Goodluck Jonathan to help secure the release of the over 200 girls who were abducted by Boko Haram on April 15th.
The interview was aired on Arise Television on Thursday Aug. 28th.
INTERLUDE: PLAY VIDEO
Thank you for your patience, gentlemen
The All Progressives Congress (APC) like many well-meaning Nigerians had resolved long ago that the issue of the Boko Haram insurgency should not be politicized. In view of this, the APC expressed its willingness and readiness to cooperate with the Federal Government in neutralizing the insurgency. Regrettably however, instead of accepting this offer of cooperation, the PDP-Federal Government has consistently pointed accusing fingers at our Party, the All Progressives Congress (APC), as the sponsor of Boko Haram. They have called us all sorts of derogatory names, but failed to provide any shred of evidence to support their claim.
It has been very clear to us that the vehemence and persistence of this accusation, the deliberate distortion of statements made by our leaders to paint us as Boko Haram sponsors and the way the PDP-led Federal Government has gone to hire foreign PR firms, at a huge cost to taxpayers, as well as foreign and local hack writers to push this narrative, they were struggling hard to cover up something. We waited patiently knowing that the truth will one day surface.
In a rare moment of truth, a top official of the Jonathan Administration, no less a personality than the former National Security Adviser (NSA), Gen. Andrew Owoye Azazi, situated the Boko Haram problem within the PDP. Shortly thereafter he was fired, and he later died in controversial circumstances. Still we waited.
They distorted and misrepresented the statements made by our leader, Gen. Muhammadu Buhari, to try to convince the world that he was indeed the main sponsor of Boko Haram. They continued to echo the same slander about Gen. Buhari that was started by Presidential Spokesman Reuben Abati in 2011, and for which he and his cohorts eventually begged to settle out of court and to apologize to the General. Still we waited.
When their attempt to link Gen. Buhari with Boko Haram failed, as his popularity among ordinary Nigerians continued to soar, he was suddenly attacked by suicide bombers. Those who planned the attack believed this as the final solution to what they perceived as the threat he represents to the realization of their ambition. By the grace of God, he survived. We do not claim to know those who attacked him, but we do know those who provided the atmosphere for that attack to take place. Still we waited.
When the government declared a state of emergency in three worst-hit states of Adamawa, Borno and Yobe in 2013, thousands of troops were deployed to the three states. But the unusual happened. The number of attacks simply skyrocketed. It is common knowledge that in any territory that has been placed under a state of emergency, the military takes charge of security, erecting checkpoints as part of efforts to keep a tab on security. Such was the situation in Borno in April 2014, when over 200 girls were abducted and driven away in many trucks. Soldiers posted to a nearby checkpoint were said to have withdrawn shortly before the attack. Who ordered their withdrawal? Some of the trucks in which the girls were being carted away broke down, yet no one challenged them. Despite this bizarre occurrence, they refused to accept responsibility and continued to cast aspersion on our Party, the APC, as the sponsor of Boko Haram. Still we waited.
Boko Haram routinely enriched their arsenal with tanks, Armoured Personnel Carriers, guns, trucks and other military equipment which they seized from the Army. From the videos they release from time to time, one could see Boko Haram insurgents driving around unchallenged in convoys of up to 60 vehicles made-up of tanks and other military vehicles they seized from our military, in a territory that is under a state of emergency. What is happening? No one could fathom it. Still we waited.
A man known to all as the kingpin of Boko Haram, a man who helped to arm them so he could win elections and decimate his opponents, was moving around with the best security ever. He is a known ally of the President and he is not known to be under any immunity. Yet he was never arrested or even questioned. Still we waited.
In line with a Yoruba adage that says when a drum starts sounding too hard, it is about to burst, the PDP and the Presidency ratcheted up their attacks on our party, labelling us as Boko Haram sponsors. They hired a foreign firm, Levick, for US$1.2 million in taxpayers' money, as well as a number of out-of-luck hack writers and pseudo analysts, one of them from Russia, to help push the narrative. Still we waited.
Then their drum exploded!
Dr. Stephen Davis, a man hired by the President Jonathan-led Federal Government to negotiate with Boko Haram for the release of the Chibok girls decided to speak out, believing the best way to tackle the insurgency is to expose the sponsors. And who are they? On international television last Thursday, and as you have just seen and heard, he named former Borno Governor Ali Modu Sheriff and a former Army Chief, Gen. Azubuike Ihejirika, as the sponsors of Boko Haram.
Prodded by Sahara Reporters in a subsequent interview on whether Gen. Buhari and Malam Nasir el-Rufai were sponsors, he said the Boko Haram commanders who gave him the names of their sponsors did not mention their names. The die is cast. The truth is finally out! Boko Haram sponsors have been exposed. They are within the ruling PDP. They are friends of President Jonathan. He cannot pretend not to know who they are and what they have done and are still doing. His myriad of intelligence agencies, including the DSS and the DMI, cannot pretend they do not have any information on these men.
It is true that Ali Modu Sheriff was, until recently, a member of our Party. But the Party always suspected that he was a mole, planted to hijack or at best weaken the new Party for the PDP. He is not new to that role. He helped to decimate his former party, the ANPP, to an extent that the number of states under its control fell from seven in 2003 to three by the time he left as Governor.
We know for sure that Ali Modu Sheriff was planted in the APC to help decimate our party. We confronted him openly during the merger negotiation but he denied vigorously. His surrogate for the post of the Chairman of the APC, Chief Tom Ikimi together with whom they planned to hijack the Party for the Presidency was firmly rejected. Realizing they have failed, they fled our party and returned to where they came from, and were duly embraced by their controllers.
President Jonathan cannot pretend not to know the alleged role that Ali Modu Sheriff has played in the establishment and growth of Boko Haram, yet he never allowed the man to even be questioned by any of the security agencies under his control. All through his time with our Party, every time they accused us of sponsoring Boko Haram, on the basis of his presence, we challenged them if they had evidence to arrest any of our members who is suspected to be a sponsor, they never did. They dared not, because Sheriff was their agent. Even if he had remained in the APC after we democratically encouraged him to go, they would still not have arrested him.
Recall, gentlemen, that immediately Sheriff went back to the PDP, the Maiduguri Airport that had been closed to even the pilgrims from the state on grounds of security, was re-opened specially for him. What more evidence does anyone need that Sheriff was and remains President Jonathan's Man Friday?
Our Stand
The truth is finally out. We have been vindicated. We have no hand in the Boko Haram insurgency. The raison d'etre of our party is the well-being and security of Nigerians
The sponsors of Boko Haram are within the PDP and the Presidency. They are known friends of President Jonathan. He knows them and they know him.
The man who exposed these Boko Haram sponsors is a Jonathan-appointed Negotiator. He has no axe to grind, neither does he have any motive to shield the APC or portray the PDP/Presidency in bad light. In fact, if he had any sympathy at all, it is for the man who hired him, President Jonathan.
We have said it all along. Boko Haram was politicized purely for one reason, and one reason only: To be used as a trump card for President Jonathan to win another term. For that strategy to work, the APC, which they see as the only stumbling block to the PDP's victory in 2015, must be maligned and labeled. Gullible, duplicitous and self-serving politicians like Femi Fani-Kayode swallowed the bait, hook, line and sinker, and started parroting the glaring lies. PDP spokesman Olisa Metuh, an obvious pawn on the chess board, followed suit, labelling a party that comprises Nigerians of all ethnic and religious hue a Janjaweed and Islamic party. Now he is stewing in his own juice.
In the process of this dangerous politics, the Nigerian military which was globally acclaimed for its impressive showings at various peacekeeping missions around the world, simply suffered collateral damage. Apparently, fifth columnists in the military has sold the force out, first by denying it of the necessary fighting tools and then weakening it to such an extent that even the little it had was being taken away daily by insurgents. When the patriotic Gov. Kashim Shettima of Borno tried to raise the issue of the poorly-equipped troops and their low morale, he was roundly pilloried. Now the world knows why!
Now that the cat has been let out of the bag and the real sponsors of Boko Haram have been exposed, we hope President Jonathan will summon the courage to do the right thing: Hand over the identified Boko Haram sponsors to the International Criminal Court (ICC) for investigation and prosecution.
There is no doubt that Boko Haram has committed crimes against humanity in its scorched-earth campaign against unharmed citizens, and the most appropriate body to investigate and try the sect's sponsors is the ICC.
According to Article 17 of the Rome Statute that set up the ICC, and to which Nigeria is signatory, the ICC is a court of last resort, expected to exercise its jurisdiction only if states themselves are unwilling or unable genuinely to investigate and prosecute international crimes.
In view of the fact that the alleged Boko Haram sponsors are either members of the ruling party or friends of the President, it is clear that the PDP-led Federal Government is unwilling and unable to try them, hence our call.
Nigerians can rest assured that the APC will not allow this issue to be swept under the carpet.
Now that it is clear that the PDP is behind Boko Haram for the sole purpose of winning next year’s Presidential Election, Nigerians must prevail on the PDP and the Presidency to urgently end this insurgency and the daily killing and maiming of innocent Nigerians!
The President must remember that he is the Commander-in-Chief! The buck stops on his desk. He must now do all it takes to stop the growing mess in our nation’s North-East.
Nigerians expect no less!
Abuja
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Tinubu Meets Bolloré in Paris Over Expanded Investment in Nigeria’s Creative, Digital Economy
President Bola Ahmed Tinubu has held talks with French businessman Vincent Bolloré in Paris on plans to expand investment in Nigeria’s creative and digital economy.
The meeting, held during the President’s working vacation, focused on opportunities to deepen the localisation of operations by the Bolloré Group and increase investment in sectors including film, entertainment, fibre-optic infrastructure and digital services, according to a statement issued by the presidency.
Bolloré and members of his executive team outlined proposed investments centred on Nigeria, highlighting the country’s growing influence in global entertainment through Nollywood and Afrobeats.
The group also expressed interest in expanding its operations and local presence in Nigeria, with the presidency saying the plans could support increased production, investment and employment opportunities in the country.
Tinubu reaffirmed his administration’s focus on economic growth, job creation and digitalisation, while welcoming the group’s reported plans to deepen its activities in Nigeria.
The President said the government would continue to support investments aimed at developing the creative and digital economy, strengthening infrastructure and creating opportunities for Nigerian talent.
According to the statement, Tinubu also emphasised the potential for Nigeria to serve as a base for companies seeking to operate across Africa and international markets.
The meeting comes as Nigeria continues to promote its entertainment and technology sectors as areas of economic opportunity, with the government seeking to attract investment while expanding employment opportunities for young Nigerians.
Tinubu said his administration’s Renewed Hope Agenda seeks to harness Nigeria’s talent, entrepreneurship and growing global cultural influence to create greater economic opportunities and improve livelihoods.
News
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.
Business
In The Spotlight
Dangote: OPM Made You 36th Globally—How Many Investors Will Become Billionaires?
Alhaji Aliko Dangote has done what very few Africans have ever done. He has built a business empire of extraordinary scale, crossed the $50 billion mark in personal wealth, and reportedly risen to the 36th position among the world’s 3,397 billionaires.
That is an achievement Nigerians can acknowledge. But today, I want to ask a different question. Alhaji Dangote, how many of the Nigerians who are now investing their hard-earned money in your businesses will you help turn into millionaires—and eventually billionaires? That, in my view, is the more important question. Because behind every great fortune is an army of people whose money, labour, patronage, trust and participation helped create that wealth. And that brings us to OPM—Other People’s Money.
Other People's Money Built More Than One Fortune
Let us be honest: no business empire is built by one person alone. Investors provide capital. Banks provide financing. Workers provide labour. Consumers provide revenue. Suppliers provide goods and services. Governments provide infrastructure and an operating environment. And ordinary Nigerians have been buying Dangote products for decades. Now, Nigerians are being invited to take another step—from being customers to becoming owners.
The public offering of shares in the Dangote Petroleum Refinery gives ordinary Nigerians an opportunity to put their money into one of the country's biggest industrial projects. That opportunity comes with risk, of course. Nobody should invest money they cannot afford to lose, and nobody should assume that buying shares automatically guarantees wealth.
But there is a bigger principle here.If Nigerians are going to put their money into Dangote's business, Nigerians should also have a meaningful opportunity to participate in the wealth that business creates.
Don't Take Nigerians for Granted
Alhaji Dangote, Nigerians have supported your businesses.They have bought your cement.They have bought your sugar. They have bought your flour. They have bought countless other products connected to your business empire.Nigerian workers have built factories, transported products, operated plants, sold products and provided services.
Now, ordinary Nigerians are being asked to invest directly. That creates a responsibility—not merely to shareholders, but to the broader Nigerian public.
Don't take Nigerians for granted. Treat the small investor with the same seriousness you would give the institutional investor. Give shareholders transparency. Give them accountability. Give them information. Give them confidence that their money is being managed responsibly. And when the business succeeds, shareholders should have the opportunity to benefit from that success.
Your Greatest Legacy Should Be Bigger Than Your Net Worth
There is nothing wrong with becoming extraordinarily wealthy by building successful businesses.But there comes a point when the conversation should move beyond “How much is Dangote worth?" The more interesting question becomes:How many people became wealthy because Dangote built these businesses?
Imagine the impact if hundreds of thousands of Nigerians who invest today eventually build substantial wealth from their investments. Imagine a young Nigerian who starts with a modest investment and, over decades, builds an investment portfolio capable of paying school fees, buying a home, funding a business or securing retirement. Imagine Nigerian families passing shares from one generation to another. That is how an ownership culture is created.And Nigeria desperately needs an ownership culture.
We Need More Than One Dangote
Nigeria does not simply need another Dangote. Nigeria needs 10,000 Dangotes in different industries.
We need Nigerians who build technology companies, manufacturing companies, agricultural businesses, energy companies, financial institutions, pharmaceutical companies and global brands.But we also need millions of Nigerians who can become shareholders in those businesses. A country becomes economically stronger when wealth creation spreads beyond a handful of extraordinarily wealthy individuals.
The refinery therefore presents an interesting test. Can a Nigerian industrial giant create not just a massive fortune for its founder, but also a new generation of Nigerian investors? Can ordinary Nigerians who put their money into the company eventually look back and say:I was there when it started, and I benefited from its growth”?
That would be a powerful story.
From Billionaire to Wealth Creator
Dangote has already demonstrated that he knows how to create enormous corporate value. The next challenge is different.Can he help create enormous shareholder value for ordinary Nigerians?That is where the conversation about his $51.3 billion fortune becomes relevant.
If one man's wealth can grow by tens of billions of dollars, Nigerians are entitled to ask whether the people who invest alongside him can also experience meaningful wealth creation. Not necessarily overnight.Not necessarily without risk. But over time.That is what investing is supposed to be about.
The Question Nigerians Should Keep Asking
So, Alhaji Dangote, congratulations on reaching another extraordinary milestone.But don't stop at building your own fortune. Build an ecosystem in which others can build theirs. Don't let Nigerians remain merely consumers of Dangote products. Make them owners. Don't let the story end with one Nigerian becoming one of the world's richest people. Let the next chapter be about thousands, perhaps millions, of Nigerians building meaningful wealth through ownership and investment. Because the real measure of an economic giant is not only how high the founder climbs. It is how many people rise because of the platform he created.
So here is the question Nigerians should be asking: Aliko Dangote, OPM has helped take you to the 36th richest person in the world. Now that Nigerians are putting their own money into your empire, how many of those investors will you help turn into millionaires—and, ultimately, billionaires? That is the legacy question.
By Emmanuel Emeke Asiwe (EEA) Publisher/Editor-in- Chief)
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