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The Lootocracy: Why Nigeria Bleeds Despite Its Riches

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The Lootocracy: Why Nigeria Bleeds Despite Its Riches.

By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com

“From SENATORS padding budgets to GOVERNORS hoarding salaries, from MINISTERS stealing oil money to ORDINARY NIGERIANS demanding bribes – CORRUPTION is not just in government, it is in the people. Nigeria’s curse is not resources, but the greed that runs through POWER and SOCIETY.”

The Grand Theft Called Governance. Nigeria, the so-called “GIANT of AFRICA,” sits on vast oil reserves, fertile land and an energetic population of over 220 million. Yet it remains one of the poverty capitals of the world. Why? Because the wealth of the nation has been consistently looted, not only by PRESIDENT’S and MILITARY RULERS, but by SENATORS, MINISTERS, GOVERNORS, LOCAL GOVERNMENT CHAIRMEN and tragically, by ORDINARY CITIZENS who participate in the culture of corruption.

According to the Nigeria Extractive Industries Transparency Initiative (NEITI), over $582 billion in oil revenue has disappeared through corruption and mismanagement since independence in 1960. This figure is almost double Nigeria’s current GDP. While nations like the UAE and Qatar used oil wealth to build futuristic cities, Nigeria’s leaders turned oil into a curse, looting it to build mansions in Dubai, buy apartments in London and stash billions in Swiss accounts.

As Thomas Sankara, the revolutionary leader of Burkina Faso, once said: “A soldier without any political education is a potential criminal.” In Nigeria, leaders without moral education became criminals in power.

PRESIDENT’S and HEADS of STATE: The Original Looters. It would be hypocritical to discuss looting without mentioning Nigeria’s presidents and military rulers. General Sani Abacha, who ruled from 1993 to 1998, looted an estimated $5 billion, part of which is still being repatriated from Switzerland and the U.S. today. His name remains a global synonym for kleptocracy.

Olusegun Obasanjo’s civilian regime (1999–2007), though hailed for debt relief, was dogged by corruption in privatization deals. Power sector contracts worth $16 billion vanished with little to show in electricity supply.

Goodluck Jonathan’s administration (2010–2015) witnessed unprecedented oil theft, with former Central Bank Governor Sanusi Lamido Sanusi alleging that $20 billion was missing from NNPC accounts.

Even today, Bola Ahmed Tinubu, Nigeria’s current president, is frequently accused by opposition and civil groups of building a vast political and financial empire on questionable sources, echoing the pattern of looting entrenched in Nigerian politics.

As Chinua Achebe declared in The Trouble with Nigeria: “The trouble with Nigeria is simply and squarely a failure of leadership.”

SENATORS: Millionaires in Robes. Nigeria’s National Assembly is one of the most expensive in the world. According to a 2018 report by The Economist, each Nigerian senator earns over $450,000 annually in salaries and allowances, in a country where the minimum wage is less than Us$50 (₦30,000/₦70,000, though in some states). Beyond their bloated pay, senators pad budgets, demand kickbacks for constituency projects and sometimes pocket funds for projects that never exist.

In 2020, an investigation revealed that billions allocated to “CONSTITUENCY PROJECTS” across Nigeria had either been abandoned or poorly executed. Roads that were supposed to be built remain death traps, health centers remain uncompleted and water boreholes remain dry; yet the money was collected.

Nelson Mandela once said: “Overcoming poverty is not a gesture of charity, it is an act of justice. It is the protection of a fundamental human right.” Nigerian senators, instead of fighting poverty, have institutionalized injustice.

MINISTERS and Oil Barons: The Big Thieves. No sector has been looted like Nigeria’s oil industry. Under Diezani Alison-Madueke, petroleum minister during Jonathan’s administration, billions vanished through shady oil deals. The U.S. Department of Justice seized over $144 million in assets linked to her alleged corruption, including luxury homes and jewelry.

Oil subsidies have also been a cash cow for thieves. In 2012, a government probe revealed that ₦1.7 trillion ($10 billion) was fraudulently claimed by fuel importers and government officials. Instead of subsidizing fuel for the masses, the scheme became a pipeline of wealth into private pockets.

GOVERNORS: Lords of the States. State governors, often referred to as “EMPERORS in AGBADA,” control billions in federal allocations. Many treat their states as personal estates. Former Delta State Governor James Ibori was convicted in the UK in 2012 for laundering over $250 million. In 2021, the British government returned £4.2 million of his loot.

In Plateau State, former Governor Joshua Dariye was jailed for embezzling ₦1.1 billion meant for ecological projects. Former Taraba Governor Jolly Nyame was convicted for diverting ₦1.6 billion of state funds. The list goes on.

Meanwhile, ordinary workers in these states often go months without salaries, pensioners die waiting for payments and infrastructure collapses.

LOCAL GOVERNMENT: The Forgotten Looters. At the grassroots, local government Chairmen (who should be closest to the people) often act as petty kings. Federal allocations to LGAs run into billions annually, but most Nigerians can hardly point to functioning primary schools, healthcare centers or roads built by their local governments. Instead, the funds vanish into private accounts, with no accountability.

The People’s Complicity. It is easy to point fingers at leaders, but ordinary Nigerians are also complicit. Police officers DEMAND ₦1000 bribes on the highways. Civil servants INFLATE contracts. Market women ADD “extra charges” to customers. Parents pay to SECURE jobs for their children. When corruption becomes a way of life, leadership simply reflects the people.

As Plato warned centuries ago: “The price good men pay for indifference to public affairs is to be ruled by evil men.” Nigerians who normalize corruption are silently paving the way for more looters in power.

The Cost of Looting. The consequences of looting are everywhere. Nigeria has over 133 million people living in multidimensional poverty, according to the National Bureau of Statistics (2022). Roads are death traps, hospitals lack equipment and universities go on endless strikes. The country, once an agricultural powerhouse, now imports basic food items.

Every billion stolen is a hospital unbuilt, a school unfunded, a road unrepaired and a job lost. Looting is not an abstract crime; it kills, slowly but surely.

Nigeria’s Looting in Numbers

$582 Billion – Oil revenue lost to corruption since 1960 (NEITI).

133 Million Nigerians – Living in multidimensional poverty (NBS, 2022).

$450,000/year – What each senator earns in salaries and allowances (The Economist).

$5 Billion – Looted by General Sani Abacha alone (World Bank/DOJ).

₦1.7 Trillion ($10 Billion) – Fuel subsidy fraud uncovered in 2012.

$16 Billion – Power sector funds under Obasanjo’s watch, with little result.

£250 Million – James Ibori’s stolen wealth laundered abroad (UK conviction).

₦30,000/₦70,000 (less than $50) – Nigeria’s minimum monthly wage.

“Every billion stolen is a hospital unbuilt, a school unfunded, a road unrepaired and a job lost.”

A Call to Reckoning. Nigeria cannot continue like this. As Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, once said: “Corruption is the single biggest obstacle to Nigeria’s development.” Until looters (from presidents to LG chairmen, from senators to citizens) are punished and systemic reforms are enforced, Nigeria will remain trapped in underdevelopment.

The people must also rise. Protests like #EndSARS showed that Nigerians can mobilize against injustice. Anger must now move beyond hashtags. Citizens must demand accountability at every level, vote out corrupt politicians and refuse to normalize bribery in daily life.

The Way Forward: Nigeria needs a rebirth. A rebirth where OIL WEALTH builds industries, not foreign mansions. Where SENATORS legislate for the people, not for their pockets. Where GOVERNORS become servants, not emperors. Where LOCAL GOVERNMENTS bring development, not decay. Where CITIZENS reject corruption in all its forms.

The looting of Nigeria’s wealth is not just a failure of government; it is a betrayal by an entire system. The time has come to end this betrayal.

The Lootocracy: Why Nigeria Bleeds Despite Its Riches.
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com

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ADC Convention: We Are Unstoppable; “We Dare To Stand Up,” – Rauf Aregbesola

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ADC Convention: We Are Unstoppable; “We Dare To Stand Up,” – Rauf Aregbesola

By Shaba Gbenga

 

 

In Abuja, under the charged atmosphere of a convention that felt more like a declaration of intent than routine political gathering, Rauf Aregbesola stood before party faithful and delivered a message anchored on inevitability and resistance, insisting that just as no force can halt the rising of the sun, the African Democratic Congress cannot be stopped. Speaking at the party’s 8th National Convention, he cast the ADC not merely as an opposition platform but as a movement forged in defiance, determined to confront what he described as a system defined by incompetence and drift.

He painted a stark portrait of the nation’s economy, reducing official narratives to what he implied were illusions detached from the lived reality of Nigerians. According to him, the figures speak more honestly than any government statement ever could. A currency that has fallen from about seven hundred naira to the dollar to roughly one thousand four hundred, he argued, represents not just depreciation but a complete erosion of economic stability in a country heavily dependent on imports. The ripple effects, he noted, are visible everywhere, from the soaring cost of fuel to the daily struggle of workers who now find the simple act of going to work financially burdensome. In his telling, an economy once strained is now suffocating, and the promise of renewed hope has become a refrain repeated without substance, an echo stretched across years without delivery.

Yet beyond the numbers, he directed his sharpest criticism at what he described as a troubling absence of empathy at the highest levels of leadership. He recalled moments of national grief where, in his view, presence was replaced with distance and compassion substituted with protocol. Communities struck by violence, he suggested, were left to grapple not only with loss but with the symbolism of a leadership that appeared removed from their pain. For him, these were not isolated incidents but defining examples of a deeper disconnect between the governed and those in power, a gap he warned could no longer be ignored.

He then turned to the controversy surrounding the legitimacy of the convention itself, methodically defending the processes that led to the current leadership structure within the party. He traced decisions, meetings, and resolutions, insisting that due process had been followed and acknowledged at every stage. His frustration was reserved for the electoral body, which he accused of abandoning neutrality and failing in its responsibility by refusing to monitor the convention despite formal notification. In his view, such actions were not mere administrative lapses but deliberate steps in a broader design to narrow Nigeria’s political space ahead of the next general election.

From there, his argument widened into a critique of what he described as a dangerous normalization of political manipulation. He questioned a system where, in his words, wrongdoing is increasingly shielded by law and strategy, warning that when illegality becomes a tool rather than an offence, democracy itself begins to lose meaning. Drawing from the legacy of Chief Obafemi Awolowo, he framed opposition not as an inconvenience to power but as its necessary conscience, a force meant to challenge excess and preserve balance. Without it, he cautioned, the country risks sliding quietly into a future where elections become formalities and leadership transitions resemble coronations rather than choices.

Still, his message was not without forward motion. He spoke of a party reorganizing itself from the ground up, refining its policies, strengthening its internal structures, and preparing for the contests ahead. Losses in recent elections, he admitted, had exposed weaknesses, but they had also provided lessons the party intends to build on. What emerged from his address was not a claim of perfection but a declaration of readiness, a belief that momentum is shifting and that the groundwork for a different political outcome is being laid.

As he closed, the rhythm of his speech returned to its central theme, one of courage and inevitability. The struggle, he implied, is not merely about power but about principle, not just about winning elections but about restoring direction. In that conviction, he urged those still watching from the sidelines to make a choice, warning that moments demanding clarity leave little room for neutrality. For him and for the movement he represents, standing up is no longer optional, and in that act of defiance, he placed his faith in victory, not just for a party, but for a nation he believes can still be reclaimed.

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Governor Dauda Lawal Receives Nigerian Air Force Delegation in Gusau to Strengthen Security, Combat Terrorism 

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Governor Dauda Lawal Receives Nigerian Air Force Delegation in Gusau to Strengthen Security, Combat Terrorism 

 

Governor of Zamfara State, Dauda Lawal P.hD, received a high-level delegation from the Nigerian Air Force during a strategic visit aimed at strengthening ongoing efforts to combat insecurity across the state.

 

The visit featured a presentation and inspection of key military air assets, including a combat-equipped helicopter designed for rapid response and real-time operations.

 

The Governor, alongside top government officials and security chiefs, was briefed on the aircraft’s capabilities, operational features, and its role in tackling banditry and other security challenges.

 

During the session, Air Force personnel demonstrated key features of the aircraft, including weapon systems and surveillance technology, highlighting its effectiveness in reconnaissance and combat missions.

 

Governor Lawal expressed strong interest, inspecting the equipment and asking questions about deployment and coordination with ground forces.

 

He commended the Federal Government and Air Force leadership for their commitment to restoring peace in Zamfara and reaffirmed his administration’s dedication to supporting all security agencies through collaboration and strategic initiatives.

 

The visit marks a significant step toward enhancing aerial surveillance and rapid response capabilities in Zamfara, reflecting renewed progress in addressing insecurity in the state.

 

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Kenya President H. E Williams Ruto Bestows National Peace Hero Honor on Nigerian Diplomat, Amb. Jonathan Ojadah

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*Kenya President H. E Williams Ruto Bestows National Peace Hero Honor on Nigerian Diplomat, Amb. Jonathan Ojadah*

 

In a landmark diplomatic moment, Nigerian diplomat Ambassador Jonathan Ojadah has been honored with Kenya’s prestigious National Hero of Peace Medal, a testament to his outstanding contributions to peacebuilding and international cooperation across Africa.

 

The ceremony, held in Nairobi, witnessed a historic joint presentation of the Medal of Honor by President William Ruto of Kenya and President Bassirou Diomaye Faye of Senegal — symbolizing a pan-African acknowledgment of Ambassador Ojadah’s enduring efforts toward continental unity, conflict resolution, and diplomacy.

 

The high-profile event is already gaining traction across major television channels, newspapers, and social media platforms, marking a proud moment for both Nigeria and Africa at large.

 

The celebratory dinner was hosted by former Nairobi Governor, H.E. Mike Sonko, alongside other prominent figures including Bishop John CW and Dr Sophy Kirorei (Mama Sophie).

The dinner event reflected a night of elegance, cultural celebration, and unity, as leaders and supporters gather to celebrate a true icon of peace.

 

Ambassador Jonathan Ojadah, who holds the Grand Commander of Peace (GCOP) title, continues to inspire global peace initiatives and remains a beacon of hope for a harmonious Africa.

 

His Excellency, Amb. Dr. Marshall Jonathan Emmamuzo Daniel Ojadah is a Nigerian Diplomat, Businessman, humanitarian & Philanthropist.

A native of Aviarha, Isoko North LGA in Delta State, Nigeria., A distinguished personality in the realm of international trade and investment diplomacy With an expansive mastery in both bilateral and multilateral commerce, He is poised as a significant figure in global economic arenas.

 

Amb. Jonathan has worked with different diplomats in several high level dialogues including the EU, AU & UN in countries such as Germany, United Kingdom, Canada, Lithuania , DR Congo, Ethiopia, Rwanda, Zambia, Tanzania, Morocco, Kenya, Cameroon, Ghana and Uganda .

 

He is actively involved in various initiatives promoting international cooperation and diplomacy aimed at promoting sustainable peace and prosperity globally. Some of his notable achievements and initiatives include:

– Advocating for the rights of marginalized communities and promoting social justice.

– Consolidating Peaceful co-existence of societies in Africa

– Promoting sustainable development and climate change mitigation efforts

– Facilitating cultural exchange programs and educational initiatives between countries

– Building partnerships with other organizations and stakeholders to promote peace and prosperity globally.

 

He has participated in various UN events, conferences and Peace Support Initiatives.

 

Beyond his professional pursuits, Diplomat Jonathan’s profound philanthropy has been a beacon of hope for many. His dedication to humanitarian cause is further exemplified by the establishment of the Arise O Nigeria Empowerment Initiative, A non-governmental organization (NGO) , launched with the support of UN Women Executives in 2016, a testament to his commitment to empowering vulnerable groups, advocating for the marginalized, tirelessly working towards the attainment of the United Nations Sustainable Development Goals (SDG) in Nigeria.

His Excellency, Amb. Dr.Jonathan Ojadah is presently holding an elective position as the UNIPGC Global President and Chairman of the Supreme Council.

Amb. Jonathan Ojadah’s work with UNIPGC has helped to promote the organization’s goals and objectives, and has contributed to its reputation as a respected and influential international organization.

 

He has served as the Diplomatic Head Of Mission for Africa and Permanent Representative to the United Nations Hqtrs, New York, USA for the International Royal Diplomatic Club of the United Nations, Lithuania EU.

 

H. E Amb Dr. Jonathan’s mantle is adorned with over 15 Leadership, merit, and achievers awards, some of which include:

2024 U.S. President Joe Biden’s Lifetime Presidential Achievement Award. which attracted congratulatory messages from top dignitaries worldwide, including Her Excellency, Chief Dr. Jewel Howard Taylor, former Vice President of Liberia; Congresswoman Sheila Jackson Lee of the 18th Congressional District of Texas, USA; Hon. Kevin Uguru, Member of the German Parliament; and others.

United Nations Rescue Marshall , FIN-FORBES Best of Africa Outstanding Leadership Personality in Sustainable Peace Building, Diplomacy & Governance Award 2023 nominated by the Foreign Investment Network (FIN) UK. A recognition of his relentless efforts, unwavering dedication, and steadfast commitment to humanitarian services.

This prestigious FIN-FORBES Award recognition is a culmination of his consistent and impactful Sustainable Development projects that have significantly improved community and organizational effectiveness. These initiatives have also amplified the capabilities of his international team, leading to remarkable accomplishments and thus, meriting him the distinguished FIN-FORBES Award of Excellence, which he was honored with in London, UK, on July 19th, 2023.

 

In a further commendation of his service. H.E. Amb Dr. Jonathan Ojadah, was bestowed with the Euroknowledge Leadership Award at the British Parliament, House Of Lords. London UK on the 24th Of Nov. 2023.

Honorary Doctorate Causa from ISMT University in the Benin Republic, recognizing his scholarly contributions and societal impact.

 

ICON of Societal Development award by the Yoruba Youth Assembly, symbolizing his influence and positive change across various communities.

Ambassador Dr. Jonathan Ojadah’s accolades continues with another prestigious ICON of Societal Transformation award, bestowed upon him by the Northern Youths Peace Ambassadors of Nigeria. This honor celebrates his efforts in fostering unity, development, and peace among the diverse communities across Nigeria

Moreover, his work and influence extend beyond national boundaries, earning him the prestigious African Leadership Award. This award highlights his exemplary leadership qualities and his significant contributions to the advancement of African communities through sustainable development and peace-building initiatives.

 

Amb. Jonathan is presently the Grand Patron of the SPARTAN EAGLES OF NIGERIA.

 

Ambassador Dr. Jonathan’s illustrious career and philanthropic endeavors have established him as a beacon of Inspiration and a catalvst for positive change. not just in Africa but on the global stage.

 

Ambassador Jonathan have partnered with organizations with established Offices across the Globe for Professional Consultancy Services in Business Development & Investment Promotion serving as a Reliable Trusted Global Investment & Financial Portfolio Advisor/ Consultancy Company.

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