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Okonjo-Iweala spent $2.1bn without approval, says FG
Written by Wale Ewedemi
The National Economic Council, chaired by Vice-President Yemi Osinbajo, on Monday accused a former Minister of Finance and Coordinating Minister of the Economy under ex-President Goodluck Jonathan, Dr. Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorisation.
“We looked at the numbers for the Excess Crude Account. The last time the former Minister of Finance and Coordinating Minister of the Economy, Mrs Ngozi Okonjo-Iweala, reported to the council, and it is in the minutes, she reported by November 2014 that we had $4.1 bn.
“Today, the Accountant-General Office reported we have $2.0bn. Which means the honourable minister spent $2.1bn without authority of the NEC and that money was not distributed to states, it was not paid to the three tiers of government,” Edo State Governor Adams Oshiomhole told State House correspondents after the NEC’s 58th meeting in Abuja.
The ‘unauthorised’ spending, according to the economic council, is among the several anomalies discovered in the management of the nation’s economy between 2012 and May 2015.
Within the period, the Nigerian National Petroleum Corporation was said to have earned a total of N8.1 tn but remitted only N4.3tn.
Consequently, the Federal Government has constituted Oshiomhole, Kaduna State Governor, Nasir el-Rufai; Akwa Ibom State Governor, Udom Emmanuel; and Gombe State Governor, Ibrahim Dankwambo, into a panel to probe the NNPC and the ECA between 2012 and May, 2015.
Oshiomhole, el-Rufai, Emmanuel and the Zamfara State Governor, Abdulazeez Yari, jointly briefed journalists at the end of the meeting.
Yari told the journalists, through the Director of Funds, Office of the Accountant-General of the Federation, Mr. M.K. Dikwa, that council members received the report of the ECA and unremitted funds by the NNPC.
He said, “On that line, a four-man committee consisting of the governors of Edo, Gombe, Kaduna and Akwa Ibom states was constituted to go through the books of the NNPC and Excess Crude as well as the Federation Account.
”The four-man committee will check the books of the NNPC, most especially the issue of excess crude and what is not remitted into the Federation Account.
“The Federal Government, in conjunction with the Central Bank of Nigeria, will look inwards to see how to support and how much they will give to states, especially on the issue of outstanding salaries owed by the states and even the Federal Government.”
Shedding new light on what transpired at the NEC meeting, Oshiomhole said the NNPC and the Office of the Accountant-General of the Federation were compelled for the first time to provide information on the total sales of Nigeria’s crude from 2012 to May 2015.
The Edo governor said, “We are talking about transparency; we are talking about change. And what we saw from those numbers, which I believe that Nigerians are entitled to know, is that whereas the NNPC claimed to have earned N8.1tn, what NNPC paid into the Federation Account from 2012 to May 2015 was N4.3tn.
“What it means is that the NNPC withheld and spent N3.8 tn.
“The major revelation here is that the entire federation, that is the Federal Government, the states and all the 774 local governments, the amount the NNPC paid into the Federation Account for distribution to these three tiers of government came to N4.3 tn and the NNPC alone took and spent N3.8tn.
“This means that the cost of running the NNPC is much more than the cost of running the Federal Government. That tells you how much is missing, what is mismanaged and what is stolen. There are huge figures.”
Oshiomhole said the only lawful way decreed by the Constitution was that if the NNPC needed to spend money, it needed to prepare its budget like every other business enterprise, get it scrutinised by the executive and then forward same to the National Assembly for appropriation.
He added, “If the Federal Government cannot spend without appropriation, why should any agency spend without appropriation.
“This is what the Constitution provided for and this is what President Muhammadu Buhari has promised to do; henceforth all money must go to the Federation Account.
“If you were doing that, you would not have a situation where the NNPC alone will spend N3.8trn and remit to the federal, states and local governments N4.3trn, which means NNPC is taking about 47 per cent and that explains all the leakages you are talking about.”
El-Rufai recalled that he was part of the decision to put in place the ECA during the tenure of former President Olusegun Obasanjo between 2004 and 2005 as an administrative arrangement to save for a rainy day.
He said the account was set up in order to be accountable such that every state and local government would know what they had in the account though they could not spend it.
He said, “The Excess Crude Account is 52 per cent owned by the Federal Government and 48 per cent owned by the states and the local governments.
“So the decision of the NEC is to set up this committee of four to look at the operations of the Excess Crude Account and make recommendations to council on its future.
“The other thing the committee will do is to look at the operations of the Federation Account, particularly the shortfall and again come back to council with very clear recommendations as to what to do.
“We have not been given a time frame but as you can imagine state governments are under pressure, many of our state governments are unable to pay salaries on time without recourse to borrowing, so this is very important to us.
“This is an all-governors’ committee; we wear the shoes and we know where they pinch. So we are going to do this as quickly as possible.
“The next meeting of the council is on July 23; we hope to complete our work and be in a position to report to council on that day. So within the next one month, we will be done by God’s grace.”
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Former Pension Reform Task Team Chairman, Dr. Abdulrasheed Maina, Hospitalised After Sudden Collapse in Abuja
Former Chairman of the Pension Reform Task Team (PRTT), Dr. Abdulrasheed Maina, on Tuesday evening slumped while attempting to access his office premises in Abuja and was immediately rushed to a private hospital for urgent medical care.
The incident occurred after complications arising from an untreated knee injury reportedly caused him to lose balance and fall on a staircase, resulting in a head impact that required immediate medical attention from personnel at the scene.
Confirming the development in an official statement, Emmanuel Umahi Ekwe, Esq., Media Assistant to Dr. Abdulrasheed Maina, speaking on behalf of his family, said the former pension reform chief was promptly stabilised and transferred to a private medical facility in the Federal Capital Territory, where he is currently under close supervision by a team of doctors.
According to the statement, preliminary medical evaluations indicate that Dr. Maina remains under observation, while specialists have advised that arrangements for a possible air ambulance evacuation may be considered should his condition require advanced or specialised treatment.
The situation has drawn concern from associates, professional colleagues, and well-wishers across the country, given Dr. Maina’s prominent role in Nigeria’s public sector and pension reform initiatives.
His family has appealed to the public for prayers, understanding, and respect for privacy during this critical period, assuring that further updates will be communicated as developments unfold.
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President Tinubu in Turkey: Guard of Honor and Strategic Agreements Signal New Era in Bilateral Relations
By Prince Adeyemi Shonibare
President Bola Ahmed Tinubu, GCFR, was accorded a full guard of honor during his official state visit to Turkey, a ceremonial reception reserved for world leaders and a strong signal of the respect Nigeria commands on the global stage.
The ceremony, held at the Turkish Presidential Complex in Ankara, featured military pageantry, national anthems, and formal protocol before high-level bilateral talks commenced.
The Presidency confirmed that President Tinubu briefly stumbled due to a camera cable while proceeding to the presidential lodge but stood up immediately and continued his engagements without interruption, stressing that the incident had no impact on the visit or his health.
More importantly, the visit delivered substantive diplomatic and economic outcomes. During talks with Turkish President Recep Tayyip Erdoğan on January 27, 2026, Nigeria and Turkey signed nine cooperation agreements and memoranda of understanding, covering military cooperation, higher education, diaspora policy, media and communication, halal accreditation, diplomatic training, and the establishment of a Joint Economic and Trade Committee (JETCO).
At a joint press conference, President Tinubu emphasized the need to deepen cooperation in security, trade, and economic development, while President Erdoğan reaffirmed Turkey’s support for Nigeria’s fight against terrorism and commitment to strengthening strategic ties.
With Turkey’s strengths in defense technology, intelligence, education, and industrial capacity, the agreements open new opportunities for technology transfer, security collaboration, trade expansion, and human capital development.
In essence, the Turkey visit stands as a diplomatic success, defined not by a fleeting moment, but by honor, respect, and concrete agreements that advance Nigeria’s security, economy, and international standing.
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Fela Aníkúlápó Kuti and His Crowned Princes
By Prince Adeyemi Shonibare
Preface: The Necessity of Historical Context
Every generation seeks its heroes. In music, this instinct often manifests through comparison—an exercise that frequently reveals more about contemporary taste than historical contribution. In recent years, public discourse, amplified by social media, has juxtaposed Fela Aníkúlápó Kuti with global Afrobeats icons, most notably Wizkid, provoking the recurring question of “greatness” in Nigerian music.
This essay does not diminish the accomplishments of Nigeria’s contemporary stars, whose global visibility is unprecedented. Rather, it offers a scholarly contextualization—one that distinguishes between musical origination and musical succession, and between cultural architecture and commercial dominance—while situating Fela Aníkúlápó Kuti firmly within the category of historical inevitability.
The Problem with Simplistic Comparison
Comparing Fela Aníkúlápó Kuti with contemporary Afrobeats performers is, by scholarly standards, inherently flawed.
Fela’s work transcended performance. He engineered an entire musical and ideological system, fused political philosophy with sound, and permanently altered the trajectory of African popular music. His output represents cultural authorship, not entertainment calibrated to market demand. Fela’s music is timeless precisely because it was never designed to be fashionable.
A Yoruba proverb captures this distinction with enduring clarity:
“Ọmọ kì í ní aṣọ púpọ̀ bí àgbà, kó ní akísà bí àgbà.”
A child may own many clothes, but he cannot possess the rags of an elder.
The proverb is not dismissive. It is instructive. It speaks to accumulated depth—experience earned, systems built, and legacies forged through time rather than trend.
Musicians and Artistes: A Necessary Distinction
A rigorous analysis requires conceptual precision. Fela Aníkúlápó Kuti was a musician in the classical and intellectual sense: a composer, arranger, bandleader, employer of musicians, multi-instrumentalist, theorist, and cultural philosopher. His work demanded mastery of form, orchestration, ideology, and discipline.
Fela composed extended works, trained orchestras, performed entirely live, and embedded African political consciousness into rhythm, harmony, and structure.
By contrast, many contemporary stars—though exceptionally gifted and globally successful—operate primarily as artistes: interpreters of sound whose work prioritizes studio production, performance aesthetics, and commercial reach. This is not a hierarchy of worth, but a distinction of function. Fela’s music demanded study and confrontation; contemporary Afrobeats prioritised accessibility, pleasure, and global circulation—often without courting antagonism.
Afrobeat: An Ideological Invention
Afrobeat, as conceived by Fela, was not merely a genre. It was an ideological framework. Jazz, highlife, Yoruba rhythmic systems, call-and-response traditions, and political chant were fused into a resistant, uncompromising form.
Modern Afrobeats—by Wizkid, Burna Boy, and others—are adaptations and descendants, not replicas. They have expanded Africa’s global cultural footprint, but expansion does not erase origination. Fela’s Afrobeat remains the undiluted prototype upon which contemporary success rests.
Enduring Legacy Beyond Mortality
Fela Aníkúlápó Kuti passed in 1997, yet his influence has intensified rather than diminished. His legacy is evidenced by:
– Continuous academic study across global universities.
– International bands, many formed by people not alive at the time of his death, performing his works.
– FELABRATION, now a global annual cultural event.
– Broadway and international stage adaptations inspired by his life and music.
– Lifetime achievement and posthumous recognition by the Grammy Awards.
– Cultural centres, festivals, and scholarly conferences generating lasting intellectual and economic value.
This constitutes cultural permanence, not nostalgia.
Reconsidering Wealth and Sacrifice
Measured monetarily, Fela was not among the wealthiest musicians of his era. His radicalism came at an immense personal cost. He was beaten repeatedly. His mother, Funmilayo Ransome-Kuti, was killed. His home was burned. Original artistic archives were destroyed during state-sanctioned violence by unknown soldiers, even though history records who authorised the actions.
Yet Fela gave voice to generations—from Ojuelegba to Mushin, Ajegunle to Jos, Abuja, and even the privileged enclaves of today’s ọmọ baba olówó. He toured globally with an unusually large band long before satellite television or social media could amplify his reach.
Like Wole Soyinka and Chinua Achebe, Fela’s wealth exists beyond currency. It resides in influence, citation, adaptation, and endurance.
National and Global Recognition
Fela received a state burial in Lagos—an extraordinary acknowledgment from a military government he relentlessly criticised. Nations rarely honour dissenters so formally.
Globally, his stature aligns with figures such as James Brown, Elvis Presley, and the Rolling Stones—artists whose music reshaped identity, politics, and social consciousness.
The Crowned Princes: Wizkid and the Ethics of Reverence
Nigeria’s modern stars—Wizkid, Burna Boy, 2Face Idibia, Davido, Tiwa Savage, Tems, Olamide, among others—have achieved extraordinary global success. They are wealthier, more mobile, and more visible internationally than previous generations, and they deserve their accolades.
Wizkid, in particular, has consistently demonstrated reverence rather than rivalry toward Fela Aníkúlápó Kuti.
Femi Aníkúlápó Kuti has publicly stated:
“Wizkid loves Fela like a father.”
Wizkid has repeatedly supported FELABRATION, never demanding performance fees. The only times he has not appeared were occasions when he was not in the country. He has remixed Fela’s music, bears a Fela tattoo on his arm, and openly acknowledges Fela’s primacy.
A senior associate and long-time friend of Wizkid has affirmed that Wizkid adores Fela, would never equate himself with him—“in this world or the next”—and that recent tensions were reactions to provocation rather than assertions of equivalence.
This distinction matters. Wizkid’s posture is one of inheritance, not competition.
Seun Kuti and the Burden of Legacy
Seun Kuti is a musician of conviction and lineage. Yet relevance is best secured through original contribution rather than reactive comparison. Fela’s legacy does not require defence through controversy; it is already settled by history.
As William Shakespeare observed:
“The fault, dear Brutus, is not in our stars,
But in ourselves, that we are underlings.”
—Julius Caesar
The weight of inheritance can inspire greatness or provoke restlessness. History rewards those who build upon legacy, not those who contest it.
The Songs That Made Fela Legendary
Among the works that cemented Fela’s immortality are:
– Zombie
– Water No Get Enemy
– Sorrow, Tears and Blood
– Coffin for Head of State
– Expensive Shit
– Shakara
– Gentleman
– Teacher Don’t Teach Me Nonsense
– Roforofo Fight
– Beasts of No Nation
These compositions remain sonic textbooks of resistance.
Fela in the Digital Age
Had Fela lived in the era of social media, his voice would have resonated far beyond Africa. His music would have found kinship among global movements confronting inequality, oppression, and social injustice.
“Music is the weapon.”
—Fela Aníkúlápó Kuti
Weapons, unlike trends, endure.
Placing Greatness Correctly
Fela Aníkúlápó Kuti’s greatness does not require comparison. He is the great-grandfather of Afrobeat—the musical and cultural architect who cleared the roads upon which today’s Afrobeat princes now travel.
Honouring contemporary success does not diminish historical achievement. To understand Nigerian music’s global relevance is to understand Fela. History, when read correctly, is both generous and precise.
Prince Adeyemi Shonibare writes on culture, music history, and African creative industries. He is a media and events consultant based in Nigeria.
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