News
Fall Of The ‘King Of Kings’
He was one of the world’s most ruthless heads of state. He also was one of the most outlandish. Rarely has the leader of such a small nation played such a large role on the international stage. But Moammar finally lost his invincibility as he fell to the superior fire power of NATO-backed Libyan rebel troops in his homeland, Sirte.
Gadhafi, who had weathered assassination attempts, US air strikes, and years of international sanctions, died today in the desert town of Sirte where he was born, the rebel coalition claimed.
Before there was Osama Bin Laden, there was Moammar Gadhafi. For years he was Public Enemy No. 1 in the US, feared and loathed for bankrolling terrorism and revolution around the globe.
A Newsweek cover story in 1981 branded him “the most dangerous man in the world.” To President Ronald Reagan, he was “the mad dog of the Middle East.”
And that was before his regime’s most dastardly deed of all: the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, by Libyan agents who planted explosives in a suitcase. The crash killed 270 people, most of them Americans.
And then, Gadhafi undertook an astonishing reversal. He was one of the first Arab leaders to denounce the September 11 terrorist attacks. Two years later, Libya abandoned its weapons of mass destruction programs, assumed responsibility for the Pan Am bombing and agreed to pay $2.7 billion in restitution to the families of Lockerbie victims.
The US reciprocated, resuming diplomatic relations with Tripoli and lifting economic sanctions. But while Gadhafi’s political conduct changed, his eccentric behavior did not. Across his four decades in power, he flouted all the rules for how a head of state should act.
He surrounded himself with gun-toting female bodyguards, and for years he traveled with a voluptuous Ukrainian nurse. He brought along a Bedouin tent to sleep in when he traveled abroad, and once attended a summit in Belgrade with six camels and two horses in tow. Gadhafi wore flowing robes, favored oversized sunglasses and received Botox injections.
“Can I ask you something very directly, which may seem rude?” ABC News’ Barbara Walters asked Gadhafi in a 1989 interview in Tripoli. “In our country, we read that you are unstable, we read that you are mad. Why do you think this is? … Does it make you angry?”
“Of course it irritates me,” Gadhafi replied. “Nevertheless, I do believe that a majority of the people in the four corners of the globe do love me.”
Libya was one of the world’s poorest nations when Gadhafi was born in a Bedouin tent in 1942 to illiterate parents. Young Moammar showed promise, and so he became the first member of his family to attend secondary school.
He harbored outsized ambitions even as a teenager. Enamored of Gen. Gamal Abdel Nasser’s rise to power in neighboring Egypt, Gadhafi began conspiring with high school classmates to stage a similar revolution in Libya.
In September 1969, Gadhafi lead a small band of junior military officers in a bloodless coup, toppling Libya’s pro-Western ruler, King Idris. It was an audacious move since Gadhafi was a mere army lieutenant, just 27 years old.
Initially, Gadhafi enjoyed broad support. He took no formal title, calling himself the Supreme Guide or Brotherly Leader. He created a system of government called the “Jamahiriya,” or state of the masses, which called for Libya to be governed by local councils. But there would be no collective rule.
Moammar Gadhafi’s Flamboyant Dictatorship Is Over
He transformed Libya into a dictatorship, criminalizing dissent, creating a network of informers and executing opponents. He sent hit squads to hunt down dissidents “stray dogs,” he called them — who fled to Europe and the US.
Most significantly, Gadhafi squeezed foreign oil companies to give his regime nearly 80 percent of the revenue from Libya’s vast oil fields, a model that would be duplicated by other oil-producing states. It provided Gadhafi with the resources to cause havoc around the world. Harboring a deep resentment of the West, Gadhafi financed revolutionary movements in Africa, Asia and Europe — from the I.R.A. in Northern Ireland to Islamic radicals in the Philippines. He supported Palestinian terrorism, including the Black September movement blamed in the killing of Israeli athletes at the 1972 Munich Olympics.
Gadhafi’s conduct put him on a collision course with the United States. Soon after taking office, President Reagan severed diplomatic relations with Libya and slapped an embargo on its oil. Gadhafi upped the ante when Libyan agents orchestrated the bombing of a West Berlin disco in 1986, killing two U.S. servicemen. American warplanes bombed Gadhafi’s compound in retaliation, nearly killing the dictator.
The bombing of Pan Am Flight 103 cemented Libya’s standing as a rogue state. The ensuing sanctions against him were so severe, Barbara Walters needed the State Department’s permission to visit Libya to interview Gadhafi.
Asked in that interview about Washington’s demand that he needed to “renounce international terrorism,” Gadhafi laughed. “This could be the response when someone is sponsoring terrorism, but when our official position is that we are against terrorism, such demand would be meaningless,” he said.
Gadhafi scoffed when Walters brandished a report accusing him of using surrogates to commit terrorism around the world. “What is the practical evidence, the concrete evidence?” he said. “These are all lies … only ink and paper.”
All of which made Gadhafi’s about-face after 9/11, his rejection of terrorism, even more striking. Reportedly, he shared his intelligence files on al Qaeda with the CIA., and allowed the US to use a Libyan site for the harsh interrogation of a terror suspect.
With the lifting of sanctions, US and international companies rushed into Libya to do business. World leaders like Italy’s Silvio Berlusconi paid visits.
Gadhafi and his country were pariahs no more.
Now rehabilitated, Gadhafi cast himself as a statesman, and in early 2009, he was elected to lead the African Union, a confederation of 53 nations.
But the makeover unraveled in August 2009 after Scotland freed the only person convicted in the Lockerbie bombing, a former Libyan agent named Abdel Basset Ali al-Megrahi. Although the release was described as a humanitarian gesture — Megrahi suffered from prostate cancer it triggered outrage in the U.S. and Britain. The outcry mushroomed when Megrahi returned to a hero’s welcome in Tripoli orchestrated by Gadhafi’s regime. Once again, Gadhafi appeared to be up to his old tricks.
Gadhafi’s ability to outrage was on full display during a subsequent visit to the United Nations General Assembly in New York.
Gadhafi ‘King of Kings’ No More
Introduced as “leader of the revolution, the president of the African Union, the king of kings of Africa,” Gadhafi railed and raged for 90 minutes, instead of the allotted 15. He ripped up a copy of the U.N. charter, demanded investigations into the assassinations of President John F. Kennedy and Martin Luther King Jr., and compared the U.N. Security Council to al Qaeda.
But it was the Arab Spring that led to be Gadhafi’s downfall. In February 2011, the anti-government protests roiling the Arab world spread to Libya with a Day of Rage challenging his rule. More than 40 years of anger and resentment exploded in demonstrations across the country.
When the protests morphed into an uprising, Gadhafi responded with extreme force. As Gadhafi’s forces closed in on the rebel stronghold of Benghazi, the UN Security Council authorized the use of force to protect civilians. And on March 19, US and European forces intervened, launching missiles and dropping bombs to assist the rebels.
The tide turned. In August, Gadhafi fled Tripoli as rebel forces closed in. After 42 years, his reign was over. But the wily leader’s whereabouts remained a mystery for months as the remnants of his security forces fought off rebels closing in on his strongholds.
At the time of his death, Gadhafi, his son Seif al-Islam and his chief of intelligence were wanted by the International Criminal Court in The Hague on charges of crimes against humanity for the killing, wounding and imprisonment of civilians during the early stages of Libya’s uprising.
President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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