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Caging The Looted Funds In Nigeria

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It is not an exaggeration to
say that Nigeria is swim
ming in corruption as the blind can see and the deaf can hear.
Our pages of newspapers are flooded with very astonishing headlines on corruption and looted funds. One of  such was  in April 2015 which reads; Swiss government  closes door to looters’, which means  that Nigerians are ferrying money to Switzerland and other parts of the world on daily basis.
Why is the international community with all its investigative prowess still fail to track down these monies before they get to their   destination? It was also reported that a Nigerian bank chief looted N1 trillion naira. Those who harbour these stolen monies  are Dubai, London, USA among others.
Also, on 23 April 2015, the President, Gen Muhamadu Buhari said “if you’ve looted Nigeria’s  money you  must return our money;  this is an indication of the return of War Against Corruption. We are also aware  that the Swiss  government has returned most of the looted funds between the administrations of President Obasanjo and Dr. Goodluck Jonathan.
Surprisingly, the Abacha looted funds returned by the Swiss government was as a result of high diplomatic dialogue between  the two countries not minding that it was re-looted as it was not properly accounted for.
On the Nigerian debt profile from the days of independence, the former Coordinating Minister and the Minister of Finance, Dr. Ngozi Okonjo Iweala should explain how the Paris Club  cancelled the Nigerian debt under the Obasanjo administration because the  surgery of corruption should be the recovery of stolen money, simple. It was also reported that EFCC recovered  N4.3 billion and $11 billion in asset within the period  under review, one is from fuel scam and the other is through plea bargain.
To be precise, in China, former security tsar, Zhou Yongkang, was charged for corruption case. The China’s corruption conundrum was a celebrated one. It is important to note that curbing corruption  in the  banking  sector is very  critical to economic recovery as most bank staff contributed to the menace in Nigerian banking.
This political  corruption has vehemently stagnated our collective gains thereby making Nigeria a poor nation. Corruption in the country take the form of  bribery, extortion, cronyism, nepotism, graft and embezzlement, among others. Other forms of corruption are repression of political opponents and police brutality.
Bribery alone is estimated to involve over one trillion US dollars, annually,  while  Nigeria’s involvement in corruption has grown  to a very alarming proportion. This  facilitates other criminal  enterprises such as drug trafficking, money-laundering and human  trafficking etc. In particular,  corruption in business of government  must be mentioned and effectively tackled.
There are Nigerians that have over the years joined  others to seek solution to  this  great evil. Such persons are Prof. Wole Soyinka, a Professor of Economics and Director of  the Centre for the Study of African Economies at Oxford University, Paul Collier, an international economist and  macreconmist analyst, Dr. Dambisa Moyo, among others. Prof Soyinka has once described corruption  in Nigeria as a metaphor, a monumental damage  which plans to cripple government.
Many thanks to late Prof. Dora Akunyili who stood her ground to sanitize the drug industry in Nigeria. We must join the train to get rid of corruption by tackling it headlong without delay.
Nigeria must adopt a radical anti-corruption measures in favour of the citizenry. In August 2013, National daily highlighted a plethora of unresolved high-profile cases of corruption and the court cannot extricate  itself from the nightmare.
Frankly speaking, the quantum of stolen money in secret bank accounts that are in  circulation is high. The way out of this mess  is for President Buhari to change all the Nigerian currency with the aim of caging and monitoring properly the level of money  individuals and companies will change as banks will be monitored in order to police looted funds.
Most importantly, until Nigerians stop celebrating the looters of our public funds, the fight against corruption will never be a success. These high cases of corruption can be traced  to the post- Nigeria independence era, even though it was in a small scale. However the oil windfall under President Ibrahim Babangida  facilitated this muster.
There are landmark cases of corruption that disappear into thin air because those involved are highly connected, especially  the fuel scam.
The mindset  of most  Nigerian in offices  are geared towards outright stealing in the name of “This is my chance”,  that is why the magnitude of corruption in Nigeria is so high  that one gets hypertensive  because of the volume of lost  money  from the system.
We as a nation must prepare to make the sacrifice to end corruption from the system as urged President Muhammadu Buhari  to speedily appoint  a serious-minded person as the arrow head  of the EFCC.
It will no longer be business as usual as when  you are caught and properly investigated, the law will take its cause. This rate of corruption cannot be condoled in countries like China, Indonesia and even India.
Dukor wrote from Port Harcourt.

 

Pius Dukor

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Opinion

Restoring Order, Delivering Good Governance 

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Quote:”But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged”.

The political atmosphere in Rivers State has been anything but calm in 2025. Yet, a rare moment of unity was witnessed on Saturday, June 28, when Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Chief Nyesom Wike, appeared side by side at the funeral of Elder Temple Omezurike Onuoha, Wike’s late uncle. What could have passed for a routine condolence visit evolved into a significant political statement—a symbolic show of reconciliation in a state bruised by deep political strife.

The funeral, attended by dignitaries from across the nation, was more than a moment of shared grief. It became the public reflection of a private peace accord reached earlier at the Presidential Villa in Abuja. There, President Bola Ahmed Tinubu brought together Governor Fubara, Minister Wike, the suspended Speaker of the Rivers State House of Assembly, Martin Amaewhule, and other lawmakers to chart a new path forward.

For Rivers people, that truce is a beacon of hope. But they are not content with photo opportunities and promises. What they demand now is the immediate lifting of the state of emergency declared in March 2025, and the unconditional reinstatement of Governor Fubara, Deputy Governor Dr. Ngozi Odu, and all suspended lawmakers. They insist on the restoration of their democratic mandate.

President Tinubu’s decision to suspend the entire structure of Rivers State’s elected leadership and appoint a sole administrator was a drastic response to a deepening political crisis. While it may have prevented a complete breakdown in governance, it also robbed the people of their voice. That silence must now end.

The administrator, retired naval chief Ibok-Ette Ibas, has managed a caretaker role. But Rivers State cannot thrive under unelected stewardship. Democracy must return—not partially, not symbolically, but fully. President Tinubu has to ensure that the people’s will, expressed through the ballot, is restored in word and deed.

Governor Fubara, who will complete his six-month suspension by September, was elected to serve the people of Rivers, not to be sidelined by political intrigues. His return should not be ceremonial. It should come with the full powers and authority vested in him by the constitution and the mandate of Rivers citizens.

The people’s frustration is understandable. At the heart of the political crisis was a power tussle between loyalists of Fubara and those of Wike. Institutions, particularly the State House of Assembly, became battlegrounds. Attempts were made to impeach Fubara. The situation deteriorated into a full-blown crisis, and governance was nearly brought to its knees.

But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged. This budget is not just a fiscal document—it is a blueprint for transformation, allocating ?1.077 trillion for capital projects alone. Yet, without the governor’s reinstatement, its execution remains in doubt.

It is Governor Fubara, and only him, who possesses the people’s mandate to execute this ambitious budget. It is time for him to return to duty with vigor, responsibility, and a renewed sense of urgency. The people expect delivery—on roads, hospitals, schools, and job creation.

Rivers civil servants, recovering from neglect and under appreciation, should also continue to be a top priority. Fubara should continue to ensure timely payment of salaries, address pension issues, and create a more effective, motivated public workforce. This is how governance becomes real in people’s lives.

The “Rivers First” mantra with which Fubara campaigned is now being tested. That slogan should become policy. It must inform every appointment, every contract, every budget decision, and every reform. It must reflect the needs and aspirations of the ordinary Rivers person—not political patrons or vested interests.

Beyond infrastructure and administration, political healing is essential. Governor Fubara and Minister Wike must go beyond temporary peace. They should actively unite their camps and followers to form one strong political family. The future of Rivers cannot be built on division.

Political appointments, both at the Federal and State levels, must reflect a spirit of fairness, tolerance, and inclusivity. The days of political vendettas and exclusive lists must end. Every ethnic group, every gender, and every generation must feel included in the new Rivers project.

Rivers is too diverse to be governed by one faction. Lasting peace can only be built on concessions, maturity, and equity. The people are watching to see if the peace deal will lead to deeper understanding or simply paper over cracks in an already fragile political arrangement.

Wike, now a national figure as Minister of the FCT, has a responsibility to rise above the local fray and support the development of Rivers State. His influence should bring federal attention and investment to the state, not political interference or division.

Likewise, Fubara should lead with restraint, humility, and a focus on service delivery. His return should not be marked by revenge or political purges but by inclusive leadership that welcomes even former adversaries into the process of rebuilding the state.

“The people are no longer interested in power struggles. They want light in their streets, drugs in their hospitals, teachers in their classrooms, and jobs for their children. The politics of ego and entitlement have to give way to governance with purpose.

The appearance of both leaders at the funeral was a glimpse of what unity could look like. That moment should now evolve into a movement-one that prioritizes Rivers State over every personal ambition. Let it be the beginning of true reconciliation and progress.

As September draws near, the Federal government should act decisively to end the state of emergency and reinstate all suspended officials. Rivers State must return to constitutional order and normal democratic processes. This is the minimum requirement of good governance.

The crisis in Rivers has dragged on for too long. The truce is a step forward, but much more is needed. Reinstating Governor Fubara, implementing the ?1.485 trillion budget, and uniting political factions are now the urgent tasks ahead. Rivers people have suffered enough. It is time to restore leadership, rebuild trust, and finally put Rivers first.

By: Amieyeofori Ibim
Amieyeofori Ibim is former Editor of The Tide Newspapers, political analyst and public affairs commentator

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Opinion

Checking Herdsmen Rampage

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Quote:”
Do the Fulani herdsmen have an expansionists agenda, like their progenitor, Uthman Dan Fodio? Why are they everywhere even the remotest part of other areas in Nigeria harassing, maiming, raping and killing the owners of the land?”
According to reports,   suspected Fulani herdsmen on June 25, 2025 invaded Ueken, the ancestral home of the Tai Kingdom, in the Ogoni Ethnic Nationality of Rivers State and murdered one  Goodluck Dimkpa, a father of one. The attack has reportedly caused panic and led to residents fleeing the community. It also generated coordinated protests from aggrieved Ogoni youths.
In a swift reaction, The Movement for the Survival of the Ogoni People (MOSOP) decried and  strongly condemned the  invasion  by suspected Fulani herdsmen.

In his denunciation,  MOSOP President Fegalo Nsuke described the incident as very unfortunate and deeply troubling, warning against a recurrence of the violence experienced in Benue State. “The killing of yesterday is bad and very unfortunate. We are getting preliminary information about how the herders gained access to the farmland, and it appears some hoodlums may be collecting money and granting access illegally.”

He called on the Hausa community in Rivers State to intervene swiftly to prevent further attacks.
“We want the Hausa community in Rivers State to take urgent action to ensure these issues are resolved”.
But will such appeal and requests end the violent disposition of the Fulani herdsmen? It is not saying something new that the escalating threat and breach of peace across the country by the Fulani herdsmen or those suspected to be Fulani herdsmen, leaves much to be desired in a country that is bedevilled by multi-dimensional challenges and hydra-headed problems.

On June 13-14, 2025, about 200 adults and children were reported to have been gruesomely murdered and burnt in Yelewata, Guma Local Government Area of Benue State, by suspected herdsmen who stormed the community, attacked the innocent people, and wreaked  havoc described as one the deadliest attacks in the Middle Belt of Nigeria, in recent times.Two days before the Yelewata senseless massacre, precisely on June 11, 2025, about 25 people were killed in Makurdi still by people suspected to be Fulani herdsmen.
Plateau State, Southern Kaduna and other Middle Belt States have their own tales of woe from the unprovoked attacks by the Fulani herdsmen leading to loss of lives and properties.
Some upland Local Government Areas  of Rivers State, such as Etche, Omuma, Emohua, Ikwerre, Oyigbo, Abua, Ogba/Egbema/Ndoni, have severally recounted their ordeals, as herdsmen invaded farmlands, destroyed crops, raped female farmers and killed protestant residents.

In my considered view the Fulani herdsmen whom life means nothing to, have gone too far. The right to life and property are fundamental but the  herdsmen’s invasions violate such inalienable rights of the people.Already Nigeria seems to exist on a precipice with the majority of her about 200 million people groaning in the quagmire of unpopular economic policies, reprehensible democratic practices translating to a gale of decampment to the ruling All Progressives Congress (APC) which is a tell-tale sign of an imminent one party State, looting of public funds with impunity and barefaced corruption in all sectors of the nation.
Nigerians, therefore, cannot afford to live with the debilitating consequences that the activities of the Fulani herdsmen portend in the face of the trending precarious socio-political and economic challenges. In fact, in all the States like Benue, Borno, Plateau, where incessant herdsmen attacks are frequent, residents live in petrified fear because of the disregard and disrespect for the sanctity of human lives. This fear leads to gross lack of development.
The governors of those States though Chief security officers, seem to be incapacitated, to carry out the primary responsibility of protection of lives and property of their citizens as enshrined in the grand norm. The mayhem caused by herdsmen in many states of Nigeria has left indelible pains in some families and communities, sufficient enough to make the government to control the activities of the herdsmen.
Some of these men who claim to ply their occupation are seen carrying lethal weapons. Which law in Nigeria gives people right to illegally possess weapons? How could the herders publicly carry lethal weapons without security operatives’ arresting and questioning them? The Fulani herdsmen, it’s not out of place to say,  are above the law. Because of their possession of weapons, the herdsmen are licensed to destroy lives, property and crops-the source of livelihood of others, thereby increasing food insecurity, poverty, hunger,  hostility and lack of development.
Do the Fulani herdsmen have an expansionists agenda, like their progenitor, Uthman Dan Fodio? Why are they everywhere even the remotest part of other areas in Nigeria harassing, maiming, raping and killing the owners of the land? Such nonsense must be made to stop, no matter whose ox is gored. Security operatives should be proactive to check  attempts of Fulani herdsmen to breach the peace. They should arrest and prosecute culprits because Fulani herdsmen who perpetrate  the heinous  acts have always been allowed to go  non reprimanded.
There is need to enhance vigilance and community coordination while residents should be alert,  take necessary precautions and work with traditional rulers, chiefs, youth leaders and local vigilante to stem the ugly trend.
Again the wanton destruction of lives and properties which no doubt has overwhelmed the Nigerian Police, makes the clamour for State Police, indispensable. The National Assembly should consider the amendment of the Constitution to allow States to have their Statutory policing agencies.
Igbiki Benibo
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Opinion

Is Nigeria Democratic Nation?

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As insurgency has risen to an all time high in the country were killings has now grown to be a normal daily activity in some part of the nation it may not be safe to say that Nigeria still practices democracy.

Several massacres coming from the Boko Haram and the herdsmen amongst all other insurgencies which have led to the destruction of homes and killing, burning of communities especially in the northern part of the country. All these put together are result of the ethnic battles that are fought between the tribes of Nigeria and this can be witnessed in Benue State where herders and farmers have been in constant clashes for ages. They have experienced nothing but casualties and unrest.

In the month of June 13-14, the Yelwata attack at the Guma Local Government Area by suspected gunmen or herdsmen who stormed the houses of innocent IDPs (Internally Displaced Persons) claiming the lives of families, both adults and children estimated to be 200 victims. They were all burnt alive by these unknown gunmen.

This has been recorded as one of the deadliest insurgencies that had happened in recent years.  Some security personnel that were trying to fight the unknown gunmen also lost their lives.

Prior to the Yelewata attack, two days before the happening, similar conflict took place in Makurdi on June 11, 2025. 25 people were killed in the State. Even in Plateau State and the Southern Kaduna an attack also took place in the month of June.

All other states that make up the Middle Belt have been experiencing the farmers/herders clash for years now and it has persisted up till recent times, claiming lives of families and children, homes and lands, escalating in 2025 with coordinated assaults.

Various authorities and other villagers who fled for safety also blamed the herdsmen in the State for the attack that happened in Yelwata community.

Ehebha  God’stime is an Intern with The Tide.

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