It was a mammoth crowd that witnessed the declaration on Wednesday by a leader of the All Progressives Congress (APC), Muhammadu Buhari, for the presidential election in 2015 as the former army general said he has what it takes to tackle insecurity and corruption, the two main problems that have taken over the entire nation.
Buhari, whose declaration took place at the Eagle Square, Abuja, under tight security, said he chose to be the medium through which his party is desirous of bringing the much-needed change to the country as the citizens of the country have suffered since 1999 when the Peoples Democratic Party (PDP) held sway at the presidency. He added that it was time to focus on real development and protection of lives and property as the major task of the government in the country's constitution.
According to Buhari, since 1999, the PDP had presided over the country’s decline.
"Nigeria, in my experience, has never been so divided, so polarised by an unthinking government hell-bent on ruling and stealing. Adding that corruption had spread blatantly and as a result, Nigeria is now known as the home of corruption," Buhari said.
He promised to diversify the economy of the country as Nigeria's over-dependence on oil has done more harm than good.
He expressed concerns about the impact of insecurity in the country, saying he shared the feelings of all those who have in one way or the other been affected by poverty and Boko Haram’s terror. He also thanked Nigeria's law enforcement agencies and the country's military for the sacrifice they have made in keeping the country together.
Huhuonline.com can report that prior to Buhari’s arrival, chieftains of the APC from all parts of the country had held the crowd excited with renditions of Buhari's positive past and their belief in him.
While speaking at the event, Governor Rotimi Amaechi of Rivers state, who spoke for other governors of the party, said he was happy that the party was making good its promise for change. He added that he felt this by the growing number of governors now in the fold.
"Change is in the air because today, you see 14 governors. The other party doesn't have any candidate like Buhari, but if they have even half let them show us," Amaechi said.
Concerning how Lagos State and Rivers State tackled the Ebola crisis, Amaechi said it was very wrong for President Goodluck Jonathan and his government to take credit as the only role the federal government played was to announce the number of casualties and those being saved.
While reminding the PDP and Jonathan that the three heavily populated states of the country including Kano, Lagos and Rivers are in the hands of the opposition and thus wondering how they think they can win the 2015 election, he called on all members of APC and other Nigerians to ensure they all have their voter cards so that any of the candidates that emerged among the aspirants of the party would be overwhelmingly voted for.
While listing the failed promises of the current president, Amaechi recalled that in 2013, the president said though he was the most abused of all presidents in the world, things would change in 2014. But the situation is even worse now because the people have not seen any changes in their lives.
In his own comment, the coordinator of General Muhammadu Buhari Campaign team, Audu Ogbe, disclosed that he, Buhari and others discussed the crisis of the youths in the country the previous night and that the government of Buhari must find jobs for the youths of the country.
He said, against rumours, Buhari is never a religious fanatic, adding that if he was one, Christians like Amaechi, Oshiomhole, Oyegun and even himself would not decide to campaign for him. He said instead, Buhari had been a quiet and rational person who thinks before acting.
While commending those fighting to stop the Boko Haram terrorists and the#BringBackOurGirls campaigners, he said the government has constantly engaged in propaganda.
"We understand the government is planning to take them to court, let the court room be large enough to accommodate all of us," Ogbe, a former National Chairman of the PDP, said.
Professor Isa Odidi, who spoke on behalf of APC members in the diaspora, said Nigeria's problems were extra-ordinary and thus needed extra-ordinary solutions and that only the extra ordinary qualities of Buhari’s as a person can change.
Senator Olorumimbe Mamora, who spoke for the elders of the APC, said the APC has become an idea whose time has come as nobody can now stop the wind of change. To him, Nigeria can no longer afford to continue with all the challenges facing it even in the presence of a supposed government.
Senator George Akume, a former governor of Benue State, said members of the National Assembly under the APC had a sweet session with Buhari and were convinced that he was the one needed for the turn-around that the country is yearning for recalling that after Buhari told them what was happening in the oil sector, some of them were weeping.
He said the APC is a party of peace; this is evident in the fact that the aspirants are all going about their activities maturely and without bitterness, he added.
Former Governor of Bayelsa State, Timipre Sylva, who gave a welcome address at the event, also said Nigeria's economy is heavily challenged and needs a total overhaul. He complained that the country's security situation needed to be worked on. He lamented the government’s failure in every area, saying Buhari is the man that can turn it around.
He said Buhari was not running for himself but because of Nigerians some of who convinced him to take another shot at the presidency. He said they were happy that he had decided to step out of his retirement to help stabilise the country, so that the younger ones can carry on with the development of this nation, adding that Buhari was coming with his integrity and experience.
Dino Melaye, a former member of the House of Representatives, said the PDP has damaged the country, reminding Nigerians to check out the states governed by the APC and how they have transformed those states.
He said the APC was going to stop those who said there is a difference between stealing and corruption.
"We are here to stop those who said they had no shoes just to deceive Nigerians," he said, adding that by God's grace, the APC would take the government away and rescue the country from the PDP which he called the Poverty Development Party.
He assured President Goodluck Jonathan that his tenancy at the Villa would expire by 29th May 2015 and that Nigerians would vote and protect the votes.
Also speaking for the youths, Comrade Jasper noted that the various promises of employment since 1999 have failed.
He recalled how Buhari had built Nigeria's refineries while he was Head of State and how the refineries had generated employment. He also recalled that President Jonathan promised three refineries asking where he had built them since making the promise.
He said instead of more refineries, the government has killed the existing ones. He therefore urged the youths to vote for Buhari to redeem the country.
He also noted that most roads in the southeast are eyesores and that Jonathan laid foundation for the second Niger bridge two times but that even at that, there was no single block to show that work would soon commence. He ended his comments by saying, "all these things you are doing to us Jonathan, there is God oh!"
While speaking for the women in the party, a top female member of the party, Rabi Ishaq, said Nigerian women also yearn for change and that she and others attended the event to endorse Buhari. She noted that the mistake Nigerians made in 2011 was that they voted for rulers instead of leaders. She added that Buhari would change the system.
Giving the vote of thanks, Senator Abu Ibrahim, lamented that nobody was now bold and excited to call himself a Nigerian outside the country. He also said those within the country were living in fear and can no longer sleep with eyes closed as insecurity has reached its peak.
He said Nigeria urgently needed to be rescued and that Buhari was the one to meet the challenge.
According to him, the APC has decided to focus on areas other than petroleum. He also harped on free and fair elections in 2015.
CNPP PLEDGES SUPPORT
While Osita Okechukwu, spokesman of the Conference of Nigeria Political Parties (CNPP) attended the event, the chairman of the CNPP in Benue State, Mr. Baba Agan, declared that the body would back Buhari to secure victory in 2015.
He said Buhari's antecedents speaks for him any day and time and that he is the one Nigeria urgently needed at this critical period. He assured that CNPP’s decision is collective and it was premised on Buhari’s track-record, saying his exemplary leadership qualities stand him out as incorruptible.
"In fact, at this time of our development as a nation, we need a morally strong leader like Buhari to place this country on the pedestal of faster growth and development, hence our decision to queue behind his aspiration,” Agan said.
"The truth is that his election come 2015 would be some sort of a mass movement of all Nigerians who are craving for change in our country. Already, the subtle mobilisation of market women, civil servants, artisans, religious groups and the political class has fully commenced and there is no doubt that Nigerians earnestly desire a change for the better."
BUHARI, ATIKU WOULD CONTINUE TO FAIL-PRESIDENCY
While Buhari campaigned at the Eagle Square, Abuja, the presidency said it was not scared of the mammoth crowd and the perceived support for the retired General, calling him and former Vice President Atiku Abubakar serial failures.
Senior Special Assistant to the President on Public Affairs, Dr Doyin Okupe, who spoke with journalists, also said Jonathan was not planning to elongate his tenure with the excuse of insurgency in the north.
He said the president was still consulting and would make his intention to contest known soon, as many people are pressuring him to contest.
Okupe said: "you know Yoruba people have one proverb which says: it is the biggest masquerade that comes out last. The declaration by the opposition is not really something new. Most of the candidates of the opposition are serial failures. Atiku has tried twice and has failed, Buhari has done it four times and he has failed.
"If you present yourself for an election, first, second, third and fourth times, what new things are they bringing? Have they gone to school or are they bringing new things. We are absolutely unperturbed.
"The President is going to contest against serial losers, people who never win elections, people who have no leadership quality. It is even now worse for them because this president has been given four years, a platform which he has demonstrated his administrative capability, efficiency and delivery.
"It is unarguable that with these people in the APC, it is a new and good party, but they would become relevant from 2019 upward, not now.
"In order that the world is not misled, I want to state categorically here that there is no iota of truth whatsoever in that statement (that the President wants to retain office with the excuse that insurgency was high in the country). There is nothing like that.
"And this is not the president that would do a thing like that and there is no reason whatsoever for this president to do that. This is the same president that, as you must have heard recently, over 12 million Nigerians have signed asking him to come out and run.
"All the stakeholders in his party, the PDP, have endorsed him and are actually asking him to come out and make his declaration to run and it is quite a logical thing to do because there is no reason of changing the winning team.
"Again, the issue also is that as it is everywhere in the world, endorsement itself is not undemocratic because it is a normal pattern in democratic parlance that when you have a sitting president."
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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