TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Ikoyigate – The Nation

The Citizen by The Citizen
April 23 2017
in Public Affairs
A A
0
Ikoyigate – The Nation
22
SHARES
734
VIEWS
Share on FacebookShare on Twitter

We await Vice President Osinbajo’s report with both patience and anxiety

The story began like a fairy tale, but Nigeria is nothing if not one. A whopping $43.4 million, £27,800 and N23.2m in an upscale flat at a time that the majority of the citizens are groaning under a limping economy. First, questions began to pop from everywhere. But because answers came in trickles, if any, mischief filled the blanks.

Governor Ayo Fayose of Ekiti State pelted charges at the Minister of Transport, Chibuike Rotimi Amaechi, as the owner. The accusation still pulsed the air when the Rivers State Governor, Nyesom Wike, erupted with self-righteous indignation and lay the blame on his predecessor without a wink of evidence. He made it even more mordantly comical by asking for prayers to invoke the money from its hiding place in Lagos to Rivers State where it should be.

The most potent of the revelations came from the National Intelligence Agency, (NIA), and many did not want to believe it since humans tend to be inclined towards accepting the sleaze of homo sapiens more than the anonymity of institutions.

But it got juicier, and poisonously so. Charges suddenly became impotent against a former governor, Adamu Muazu, who owned the building before selling out the flats, to another former governor, Peter Obi of Anambra State, and a few marquee names. An apartment became the metaphor not only of the recklessness of government officials but also of the seedy underside of the Jonathan era.

The name Ayo Oke, director-general of the NIA, his wife, and the Jonathan era ripped the scab off an all-too-familiar scandal: the billions of dollars arms scandal of which another security chief, Sambo Dasuki, was front and centre. It all focused on apartment 7b, the tony receptacle of hidden money.

After a few days, some facts crystallised. One, the money belongs to the citizens of the Federal Republic of Nigeria. Consequently, it has been repatriated to the vaults of the Central Bank of Nigeria. Two, it also reaffirms the footloose style of the security agencies with official money. We saw this in the Dasukigate, and how money ostensibly dedicated to the war against insurgency became a pool where corrupt and greedy fingers twirled.

How come a huge sum of money belonging to every Nigerian is stored with impunity in a home that belongs to the wife of a security chief? This is symptomatic of the domestication of official wealth and the tendency of our people to privatise what is sacredly public.

Some Nigerians are angry, and rightly so. The last time we displayed such public condemnation was during the Shagari regime when the sum of N2.8 billion was stashed away and the president was compelled to make national broadcast to soothe an irritated citizenry. We have not heard a word from our president, not even a statement that echoes the universal alarm at the incident.

The Shagari days were stormed with N2.8 billion alone at the time. Today, it is a flurry of revelations and eruptions of cash hidden away. We have had N4 billion trapped by the moral net of the bank verification number, or BVN. The larcenous owner or owners are not known, and the legitimate owner – probably Nigeria – waits to see the drama unfold. In a market in Lagos, N250 million was found and in highbrow Ikoyi another N499 million tenanted a shop.

It is a great deal that this is happening as a dividend of the whistle-blower policy. It is an irony though that the government has to appeal to our greed to unearth instances of greed. But it seems to be working so far, and so long as stories like the $43.4 million splash into the scandal of the public space, we welcome it.

The Federal Government responded quickly though by suspending Oke and setting up a panel headed by Vice President Osinbajo to investigate this strange cache. Interestingly though, the president made a point about self-introspection and self-scrutiny when it also suspended the Secretary to the Government of the Federation (SGF) Babachir David Lawal for allegation of abuse of public trust and funds. The Buhari administration has been accused of being lopsided in the war on corruption. With Oke and Lawal, it seems the government is now set, at least, on the surface to engage its partisans in cleansing the system.

We expect the Osinbajo committee to come up with answers that roil the Nigerian mind. What inspired the choice of the apartment? Who are the other participants in this sordid play? Why is the Nigerian security organisation so uncontrolled with Nigerian money? What was the role of the top brass of the previous regime in this absurd tale, including the former President Goodluck Jonathan? Was the $43 million all that was approved or was it part of other tranches of cash that may be hibernating elsewhere? What was the role of our financial institutions in this haul?

We expect the questions to be answered. But that should be the beginning of mollifying a nation where many cannot pay rents and wards stay at school only at the mercy of their proprietors over unpaid fees and many struggle to feed their families.

We wait with patience for less than two weeks when the vice president unveils his findings.

Share9Tweet6
Previous Post

FG, get serious about Malabu bribery probe – Punch

Next Post

North Korea reiterates nuclear war against U.S

Related Posts

Escaping Nigeria’s looming debt trap – Punch
Public Affairs

Escaping Nigeria’s looming debt trap – Punch

February 20 2026
Tinubu denies Christian, Muslim genocide in Nigeria
Public Affairs

Pay local contractors – Punch

February 4 2026
Drug tests for public office aspirants, a must – Punch
Public Affairs

Drug tests for public office aspirants, a must – Punch

January 9 2026
Economy in 2026: From risk to recovery – Punch
Public Affairs

Economy in 2026: From risk to recovery – Punch

January 2 2026
FG launches digital platform to transition to paperless operation
Public Affairs

LGs: Executive Order opposes federalism – Punch

December 30 2025
US launches strikes against ISIS terrorists in Sokoto
Public Affairs

Implications of US air strikes in Nigeria – Punch

December 29 2025
Next Post
North Korea reiterates nuclear war against U.S

North Korea reiterates nuclear war against U.S

Chelsea sink Tottenham in 6-goal thriller to reach FA Cup final

Chelsea sink Tottenham in 6-goal thriller to reach FA Cup final

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Cross River Assembly sacks LG vice chair over misconduct

Cross River Assembly sacks LG vice chair over misconduct

by The Editor
February 24 2026
0

...

Ogun State refutes Prince Kuye’s endorsement as Awujale of Ijebuland

Ogun State refutes Prince Kuye’s endorsement as Awujale of Ijebuland

by The Editor
February 22 2026
0

...

Umahi’s son Osborne, picks LG chairmanship form in Ebonyi

Umahi’s son Osborne, picks LG chairmanship form in Ebonyi

by The Editor
January 20 2026
0

...

Ogun State cancels Awujale selection process

Ogun State cancels Awujale selection process

by The Editor
December 18 2025
0

...

APPOINTMENTS

Tinubu accepts Egbetokun’s resignation, names Tunji Disu acting IG

Tinubu accepts Egbetokun’s resignation, names Tunji Disu acting IG

by The Editor
February 24 2026
0

...

Tinubu confers GCON on business associate, Chagoury

Tinubu confers GCON on business associate, Chagoury

by The Editor
January 20 2026
0

...

FG targets Dana Air assets to refund trapped passenger funds

FG reshuffles NCAA directors amid corruption allegations

by The Editor
December 26 2025
0

...

Senate screens Tinubu’s nominees for NMDPRA, NUPRC

Senate screens Tinubu’s nominees for NMDPRA, NUPRC

by The Editor
December 18 2025
0

...

ODDITIES

Nigerian nurse loses licence for sleeping during shift in Australia

Nigerian nurse loses licence for sleeping during shift in Australia

by The Editor
January 24 2026
0

Woman battling cancer seeks second wife for sex-starved husband

Woman battling cancer seeks second wife for sex-starved husband

by The Editor
December 27 2025
0

Man kills cousin over ₦1,000 burial refund in Delta State

Man kills cousin over ₦1,000 burial refund in Delta State

by The Editor
December 22 2025
0

GLOBAL NEWS

Saudi Arabia bans poultry, eggs from Nigeria, others over health concerns

Saudi Arabia bans poultry, eggs from Nigeria, others over health concerns

by The Editor
February 25 2026
0

...

Russian spy agency takes over Wagner operations in Africa

Russian spy agency takes over Wagner operations in Africa

by The Editor
February 21 2026
0

...

Trump rules out contesting for vice president to stay in power after 2028

Trump hikes US global tariff rate to 15%

by The Editor
February 21 2026
0

...

Gabonese Presidency defends social media shutdown

Gabonese Presidency defends social media shutdown

by The Editor
February 21 2026
0

...

Iran vows resistance amid US nuclear talks

Iran vows resistance amid US nuclear talks

by The Editor
February 21 2026
0

...

State of the States

Gov. Zulum approves N12.9bn aeronautics scholarship for 54 Borno students

Gov. Zulum approves N12.9bn aeronautics scholarship for 54 Borno students

by The Editor
February 21 2026
0

...

Ogun: Royal houses reject candidate for new Olowu

Residents protest as bandits attack Ondo community, abduct couple

by The Editor
February 21 2026
0

...

Labour leaders hail Gov. Mbah after consultative meeting as new welfare packages excite workers

Labour leaders hail Gov. Mbah after consultative meeting as new welfare packages excite workers

by The Editor
February 18 2026
0

...

Sanwo-Olu signs 2026 Lagos budget into law

Sanwo-Olu signs 2026 Lagos budget into law

by The Editor
January 20 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Saudi Arabia bans poultry, eggs from Nigeria, others over health concerns

Saudi Arabia bans poultry, eggs from Nigeria, others over health concerns

February 25 2026
EFCC detains five Katsina revenue officials for alleged N1.3bn fraud

Fraudsters laundering money, hiding proceeds in real estate – EFCC

February 25 2026
N432bn theft: El-Rufai sues Kaduna Assembly, challenges probe

Court adjourns El-Rufai’s arraignment to April 23

February 25 2026
Kwankwaso unveils NNPP office in Ibadan

Kwankwaso unveils NNPP office in Ibadan

February 25 2026

EDITORIAL REVIEW

Escaping Nigeria’s looming debt trap – Punch

Escaping Nigeria’s looming debt trap – Punch

by The Editor
February 20 2026
0

Tinubu denies Christian, Muslim genocide in Nigeria

Pay local contractors – Punch

by The Editor
February 4 2026
0

Drug tests for public office aspirants, a must – Punch

Drug tests for public office aspirants, a must – Punch

by The Editor
January 9 2026
0

Economy in 2026: From risk to recovery – Punch

Economy in 2026: From risk to recovery – Punch

by The Editor
January 2 2026
0

FG launches digital platform to transition to paperless operation

LGs: Executive Order opposes federalism – Punch

by The Editor
December 30 2025
0

Opinion

SEC explains licence grant to two crypto exchanges in Nigeria

New cryptocurrency tax regime in Nigeria

by The Editor
January 20 2026
0

...

Air Peace pledges free evacuation, medicals for trafficked Nigerian girls in Ivory Coast

No, Nigerian airfares are not the cheapest

by The Editor
December 29 2025
0

...

Tax document fraud: Governance and trust deficit

Tax document fraud: Governance and trust deficit

by The Editor
December 22 2025
0

...

Peter Mbah’s visionary leadership and the rebirth of security in Enugu State

Peter Mbah’s visionary leadership and the rebirth of security in Enugu State

by The Editor
December 8 2025
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.