society
The Lootocracy: Why Nigeria Bleeds Despite Its Riches
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.
society
From Broadcast to Spiritual Renaissance: The Journey of Alọba A. Orisabimbola Ifatomi, Creator of ÒRÌṢÀTV
From Broadcast to Spiritual Renaissance:
The Journey of Alọba A. Orisabimbola Ifatomi, Creator of ÒRÌṢÀTV
In a time when African stories are often misrepresented or diluted, a seasoned voice in Nigeria’s media and creative industry is stepping forward with a bold vision to reclaim, preserve and project the depth of African spirituality through a new wave of cinematic storytelling powered by technology.
Alọba Adewunmi, a respected broadcaster, journalist and creative professional, is the mind behind ÒRÌṢÀTV a groundbreaking platform using Artificial Intelligence (AI) cinematic production to tell authentic Yoruba stories rooted in cosmology, spirituality and cultural heritage.
ÒRÌṢÀTV is not just a channel it is a destination to experience “The Beginning”, a Yoruba cosmology-based AI cinematic series that explores the origin of life and existence through an African lens.
A Career Built on Media Excellence
With years of experience across broadcast and print media, Alọba Adewunmi has established himself as a dynamic storyteller and cultural voice.
He has worked with several notable platforms including OSBC, Orisun FM, Yotomi Cable, Okin FM, Midland FM, Delta Cable, Akede Oodua Publications and Akede Africa.
His professional journey includes:
– Reporter at Alariya Oodua
– Editor at Gbajumo Online Magazine
– General Editor at Akede Africa ( a bilingual news magazine)
Through these roles, he has contributed significantly to journalism, cultural reporting, politics, crime and entertainment.
A Multifaceted Creative Force
Beyond journalism, Alọba Adewunmi’s creative footprint extends deeply into film and storytelling.
He is not just a performer, but a creative architect behind the scenes, serving as:
– A Continuity Director
– Continuity Director of the home video “Tobi (Forgiveness)”, produced by Kola Adeyemo
– A Story Writer and Dialogue Director
– A Scriptwriter
He has also contributed to several home video productions from the late 1990s through the early 2000s, reflecting a long-standing presence in Yoruba film storytelling.
A Spiritual Path and Cultural Mission
Beyond media and film, his journey is rooted in a deeper spiritual calling.
Alọba Adewunmi is a traditional priest, teacher and herbal medicine practitioner, dedicated to the preservation and practice of Yoruba spirituality.
His temple, Obàtálá Alábãlàse Temple of Purity, stands as a sacred center for purity, healing and spiritual guidance.
The Vision Behind ÒRÌṢÀTV
ÒRÌṢÀTV is more than a content platform, it is a cultural revival movement powered by AI-driven cinematic storytelling.
Through this innovative approach, the platform explores:
– The origin of existence
– The roles of divinities
– The structure of human destiny
– The spiritual laws governing life
The debut episode, “The Birth of Ilẹ̀ Àwọn Alààyè”,( Command of Creation ) marks the beginning of the series “The Beginning”.
Blending mythology, spirituality and AI-powered visuals, ÒRÌṢÀTV offers a unique experience that is both educational and deeply immersive.
A Mission Beyond Entertainment
For Alọba Adewunmi, this project goes far beyond entertainment.
It is a mission to preserve indigenous knowledge, educate future generations, correct misconceptions about African spirituality and restore pride in African identity.
The Man Behind the Vision
Despite his wide experience and creative influence, Alọba Adewunmi remains a naturally private and introverted individual.
He is known more for his work than for public appearances moving quietly between his professional responsibilities and personal space.
Rather than seeking the spotlight, he has consistently chosen to let his talent, creativity and impact speak for him.
Those who encounter his work or collaborate with him understand the depth he brings a reminder that true substance is not always loud and presence is not always public.
Looking Ahead
With Episode 1 now released, anticipation continues to build as “THE BEGINNING” prepares to explore deeper aspects of creation, human destiny and spiritual alignment.
This is not just a project it is a legacy unfolding through culture, spirituality, and innovation.
Watch Now
THE BEGINNING
Episode 1
The Birth of Ilẹ̀ Àwọn” Command of Creation)
Available on YouTube.
Media & Contact
For interviews, features and collaborations:
08125883088
© 2026 ÒRÌṢÀTV
All Rights Reserved
TY BURATAI HUMANITY CARE FOUNDATION COMMENDS GOVERNOR ZULUM FOR HELPING MILITARY FAMILIES
The TY Buratai Humanity Care Foundation has commended Borno State Governor Babagana Umara Zulum for his generous donation of ₦150 million to the families of three military officers who were tragically killed in recent attacks. Each family received ₦50 million as part of the state’s continued commitment to supporting fallen heroes and wounded personnel involved in counter-insurgency operations.
The commendation was contained in a statement signed by the foundation’s chairman, Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu, and made available to the press.
The foundation expressed gratitude for the governor’s compassionate gesture, which included personal visits to the families of the late Lieutenant Colonels Umar Farouq, Salihu Iliyasu, and Aliyu Saidu Paiko in Abuja, Niger, and Kano States. During the visits, Governor Zulum offered his condolences and praised the service, sacrifice, and patriotism of the fallen officers.
The foundation’s Grand Patron, His Excellency, Lieutenant General Tukur Yusufu Buratai, CFR (Rtd), personally commended the governor’s dedication to improving the lives of Borno State residents. He also extended his condolences to the families of the officers and soldiers who made the ultimate sacrifice in service to the nation.
During his visits, Governor Zulum reaffirmed his administration’s commitment to supporting bereaved families, which includes offering scholarships to the orphaned children of fallen personnel. He pledged to extend similar visits to other affected families, underscoring a compassionate approach to addressing the needs of those who have suffered in the line of duty.
society
Queen Amb Dr. Nwamaka Cordelia Anyatonwu Appointed Minister of Humanitarian, Culture, and Kingdom Affairs, United Kingdom of Atlantis
*Queen Amb Dr. Nwamaka Cordelia Anyatonwu Appointed Minister of Humanitarian, Culture, and Kingdom Affairs, United Kingdom of Atlantis
Her Majesty Queen Amb Dr. Nwamaka Cordelia Anyatonwu, Queen of the Aches Empire under the jurisdiction of the United Kingdom of Atlantis (UKA), has been appointed as the Minister of Humanitarian, Culture, and Kingdom Affairs, effective immediately.
This appointment comes as the UKA takes decisive steps to strengthen its humanitarian efforts and protect its citizens from unauthorized activities. In light of recent developments, the UKA has issued an official public disclaimer cautioning citizens, followers, and the general public about the activities of individuals promoting and operating a coin or platform not officially recognized by the Atlantian Gold Coin (ATC). This follows the hijacking of the 5 billion humanitarian project, a move that has been met with concern and condemnation from the international community.
As the newly appointed Minister, Queen Amb Dr. Anyatonwu has announced that all matters pertaining to the 5 billion humanitarian project in UKA should be directed to her office. This includes the newly captured NGOs, which are now required to report to the Office of Humanitarian Affairs, ensuring transparency and accountability in the management of humanitarian resources.
“We are committed to transparency and accountability in our humanitarian efforts,” said Queen Amb Dr. Anyatonwu. “We urge all stakeholders to work with us to ensure the success of our initiatives and protect our citizens from unauthorized activities. We will not tolerate any form of exploitation or mismanagement of humanitarian funds, and we will take all necessary measures to ensure that those responsible are held accountable.”
The UKA has assured its citizens and the international community that it is taking all necessary measures to recover the hijacked funds and bring the perpetrators to justice. The appointment of Queen Amb Dr. Anyatonwu is seen as a significant step towards achieving this goal and ensuring that humanitarian efforts are aligned with the UKA’s values and principles.
For more information. Please contact the Office of the Minister of Humanitarian, Culture and Kingdom Affairs.
*About the United Kingdom of Atlantis*
The United Kingdom of Atlantis is a sovereign nation committed to promoting peace, prosperity, and humanitarian values. The UKA is dedicated to working with international partners to address global challenges and improve the lives of its citizens and people around the world.
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