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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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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence By George Omagbemi Sylvester

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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence

By George Omagbemi Sylvester | Published by saharaweeklyng.com

“Fiscal Rigidity in a Time of Crisis: Lawmakers Say Fixed Budget Ceilings Are Crippling Nigeria’s Fight Against Insurgency, Banditry, and Organized Crime.”

Nigeria’s legislature has issued a stark warning: the envelope budgeting system; a fiscal model that caps spending for ministries, departments, and agencies (MDAs) is inadequate to meet the country’s escalating security challenges. Lawmakers and budget analysts argue that rigid fiscal ceilings are undermining the nation’s ability to confront insurgency, banditry, kidnapping, separatist violence, oil theft and maritime insecurity.

The warning emerged during the 2026 budget defence session for the Office of the National Security Adviser (ONSA) at the National Assembly in Abuja. Senator Yahaya Abdullahi (APC‑Kebbi North), chairman of the Senate Committee on National Security and Intelligence, decried the envelope system, noting that security agencies “have been subject to the vagaries of the envelope system rather than to genuine needs and requirements.” The committee highlighted non-release or partial release of capital funds from previous budgets, which has hindered procurement, intelligence and operational capacity.

Nigeria faces a multi‑front security crisis: persistent insurgency in the North‑East, banditry and kidnappings across the North‑West and North‑Central, separatist tensions in the South‑East, and piracy affecting Niger Delta oil production. Despite declarations of a national security emergency by President Bola Tinubu, lawmakers point to a “disconnect” between rhetoric and the actual fiscal support for agencies tasked with enforcement.

Experts warn that security operations demand flexibility and rapid resource allocation. Dr. Amina Bello, a public finance specialist, said: “A static budget in a dynamic threat environment is like sending firefighters with water jugs to a forest fire. You need flexibility, not fixed ceilings, to adapt to unforeseen developments.”

The Permanent Secretary of Special Services at ONSA, Mohammed Sanusi, detailed operational consequences: irregular overhead releases, unfulfilled capital appropriations, and constrained foreign service funds. These fiscal constraints have weakened intelligence and covert units, hampering surveillance, cyber‑security, counter‑terrorism and intelligence sharing.

Delayed capital releases have stalled critical projects, including infrastructure upgrades and surveillance systems. Professor Kolawole Adeyemi, a governance expert, emphasized that “budgeting for security must allow for rapid reallocation in response to threats that move faster than political cycles. Envelope budgeting lacks this essential flexibility.”

While the National Assembly advocates fiscal discipline, lawmakers stress that security funding requires strategic responsiveness. Speaker Abbas Ibrahim underscored that security deserves “prominent and sustained attention” in the 2026 budget, balancing oversight with operational needs.

In response, the Senate committee plans to pursue reforms, including collaboration with the executive to restructure funding, explore supplementary budgets and ensure predictable and sufficient resources for security agencies. Experts warn that without reform, criminal networks will exploit these gaps, eroding public trust.

As one policy analyst summarized: “A nation declares a security emergency; but if its budget does not follow with real resources and oversight, the emergency remains rhetorical.” Nigeria’s debate over envelope budgeting is more than an accounting dispute; it is a contest over the nation’s security priorities and its commitment to safeguarding citizens.

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Rev. Mother Kehinde Osoba (Eritosin) Celebrates as She Marks Her Birthday

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Rev. Mother Kehinde Osoba (Eritosin) Celebrates as She Marks Her Birthday

 

Today, the world and the body of Christ rise in celebration of a rare vessel of honour, Rev. Mother Kehinde Osoba, fondly known as Eritosin, as she marks her birthday.

Born a special child with a divine mark of grace, Rev. Mother Eritosin’s journey in God’s vineyard spans several decades of steadfast service, spiritual depth, and undeniable impact. Those who know her closely describe her as a prophetess with a heart of gold — a woman whose calling is not worn as a title, but lived daily through compassion, discipline, humility, and unwavering faith.

From her early days in ministry, she has touched lives across communities, offering spiritual guidance, prophetic insight, and motherly counsel. Many testify that through her prayers and teachings, they encountered God in a deeply personal and transformative way. Near and far, her influence continues to echo — not only within church walls, but in homes, families, and destinies reshaped through her mentorship.

A mother in every sense of the word, Rev. Mother Kehinde Osoba embodies nurture and correction in equal measure. As a grandmother, she remains energetic in purpose — accommodating the wayward, embracing the rejected, and holding firmly to the belief that no soul is beyond redemption. Her life’s mission has remained consistent: to lead many to Christ and guide them into the light of a new beginning.

Deeply rooted within the C&S Unification, she stands tall as a spiritual pillar in the Cherubim and Seraphim Church globally. Her dedication to holiness, unity, and prophetic service has earned her widespread respect as a spiritual matriarch whose voice carries both authority and humility.

As she celebrates another year today, tributes continue to pour in from spiritual sons and daughters, church leaders, and admirers who see in her a living reflection of grace in action.

Prayer for Rev. Mother Kehinde Osoba (Eritosin)

May the Almighty God, who called you from birth and anointed you for His service, continually strengthen you with divine health and renewed vigour.

May your oil never run dry, and may your prophetic mantle grow heavier with greater glory.

May the lives you have nurtured rise to call you blessed.

May your latter years be greater than the former, filled with peace, honour, and the visible rewards of your labour in God’s vineyard.

May heaven continually back your prayers, and may your light shine brighter across nations.

Happy Birthday to a true Mother in Israel — Rev. Mother Kehinde Osoba (Eritosin).

More years.

More anointing.

More impact.

If you want this adapted for a newspaper page, church bulletin, Facebook post, or birthday flyer, just tell me the format and tone.

Rev. Mother Kehinde Osoba (Eritosin) Celebrated as She Marks Her Birthday

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Electoral Act Signed Amid Debate — Tinubu Warns: “We Must Avoid Glitches and Hacking”

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Electoral Act Signed Amid Debate — Tinubu Warns: “We Must Avoid Glitches and Hacking”

By George Omagbemi Sylvester | Published by saharaweeklyng.com 

 

“President defends hybrid voting framework, says mandatory electronic transmission could expose Nigeria’s elections to cyber vulnerabilities and infrastructural breakdown ahead of 2027 polls.”

 

In a pivotal move shaping Nigeria’s electoral future, President Bola Ahmed Tinubu signed the Electoral Act 2026 (Amendment) Bill into law on Wednesday, February 18, 2026, at the State House, Abuja. The assent, attended by key legislators and political leaders, marks a decisive moment ahead of the 2027 general elections. Tinubu cited the need to safeguard elections against technological failures and cyber threats as the central reason for his decision.

 

“The transmission of that manual result is what we’re looking at, and we need to avoid glitches; interference, unnecessary hacking in this age of computer inquisitiveness,” Tinubu stated, framing the amendments as essential procedural safeguards rather than partisan interventions.

 

The law retains manual voting, counting and collation as the foundation of Nigeria’s electoral process. Ballots are cast and counted physically at polling units, after which Form EC8A is electronically transmitted to the Independent National Electoral Commission’s (INEC) portal. If electronic systems fail, the manually endorsed Form EC8A remains authoritative. This compromise reflects a balance between technological innovation and practical reliability, ensuring elections can proceed even amid infrastructural challenges.

 

A contentious element, Clause 60(3), empowers electronic transmission but stops short of making it mandatory, granting INEC discretion in areas with limited connectivity. Critics argue this optionality could weaken transparency, while proponents defend it as a pragmatic safeguard against system failures and cyber vulnerabilities.

 

Senate President Godswill Akpabio, who oversaw the National Assembly’s harmonization process, hailed the law as meeting Nigerians’ aspirations and addressing perennial weaknesses in result collation between polling units and central offices. He also highlighted provisions strengthening party democracy and internal election processes.

 

Former FCT Minister Nyesom Wike praised the prompt signing, emphasizing that it demonstrates a commitment to strengthening Nigeria’s democratic institutions and reducing legal and political uncertainty surrounding elections.

 

Despite these endorsements, some civil society organizations and opposition voices caution that the law may not fully prevent electoral fraud or politically driven result manipulation, particularly given the optional electronic transmission. This debate underscores broader concerns in Nigerian politics about institutional trust, digital readiness, and confidence in the electoral framework.

 

Electoral experts note that technology alone cannot guarantee transparency. One specialist observed, “Real-time transmission is a powerful tool, but without resilient infrastructure and institutional safeguards, its promise can become a vulnerability.” Tinubu’s cautious approach reflects this logic, prioritizing reliability over speed.

 

The 2027 elections will be the first test of this hybrid system. Success will depend on the integrity of officials, the robustness of the INEC infrastructure and the electorate’s confidence. Tinubu stressed that public trust is central: reforms must be credible and fully implemented to reinforce democratic legitimacy.

 

In sum, the Electoral Act 2026 represents a defining moment for Nigeria’s democracy, positioned at the intersection of technological opportunity and practical governance. Its effectiveness in delivering credible, transparent and trusted elections will set the tone for the nation’s political trajectory in the coming years.

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