Business
‘Those asking me to account for Abacha’s loot are all stupid’ – Obasanjo spits fire
Former President Olusegun Obasanjo has expressed fury against those asking him to account for recovered Abacha loot, describing them as illiterates and stupid people. He also said there was nothing wrong in President Muhammadu Buhari’s frequent trips as, according to him, Nigeria needs to be in touch with important centres of the world. Obasanjo, who stated this in an interview, weekend, said the role of his office was to facilitate the recovery process and not how it was put to use. He said: “They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgement or who answered them are all stupid, with due respect. “I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, CBN, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money. Olusegun Obasanjo “Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance. “But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of money recovered and where he took it.” On fluctuating oil price On fluctuating oil price, Obasanjo said President Buhari was lucky than he was, saying: “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing. “I know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again.” Justifies Buhari’s frequent foreign trips Obasanjo, who justified Buhari’s frequent foreign trips, said President Buhari needed to get involved in the world. He said: “He needs to be known and to know people. How do you make friends and influence people except you know them and this cannot happen if he sits in Aso Villa, especially in a situation that we found ourselves, a situation where we have bad image in the world, a situation where we need to play leadership role, especially in Africa, because during Jonathan’s administration, Nigeria was not on the table.” On Biafra agitation Obasanjo, who described the Biafra agitation as a platform for people of the South East to make their voices heard, insisted that Biafra was dead. He said: “I sympathise with people agitating in the country, but what Nigeria needs to do now is to get our economy back on track. When you have a bad economic situation, such is expected. So I did not see their cause as a threat but I see it as a platform to get their voices heard. “Like I said on January 15, the important, authentic leaders of the South-East are concerned about economic situation of Nigeria and I believe when the situation changes tomorrow, these young people will sing a new song.” No regret putting Jonathan forward as President While expressing no regrets in facilitating the emergence of former President Goodluck Jonathan as President, Obasanjo said his objective had been achieved by making a minority group to produce the president of Nigeria. He said: “I believe that Nigeria politics will be strengthened even more if we have the opportunity to allow the minority in its own right to emerge as President, and I do not have any apology for anybody because the purpose I wanted Nigeria to achieve had been achieved. “That any Nigerian can become president, it is not a regret for Nigeria and for me because Nigeria gave him that opportunity, he used, abused, misused as he wished and at the appropriate time, Nigerians said thank you for what you have done and what you have not done and Nigeria said bye bye, which is the beauty of democracy.”
Prof Lawan Bala Buratai Appointed Vice Chancellor of Nigerian Army University Biu After Rigorous Selection
In a significant leadership transition at one of Nigeria’s foremost military-civilian academic institutions, Professor Lawan Bala Buratai has been appointed as the new Vice Chancellor of the Nigerian Army University Biu (NAUB).
The appointment was announced following an intensive and merit-based selection process conducted by the Governing Council of NAUB at the Armed Forces Officers Mess and Suites, Asokoro, Abuja. The Council, under the chairmanship of Dr. Awwal Moriki, concluded its deliberations and formally presented the letter of appointment to Prof Buratai in a brief but momentous ceremony.
Dr. Moriki, while congratulating the new helmsman, described the selection as the culmination of a transparent and rigorous process aimed at identifying a visionary academic leader who embodies the university’s core values of excellence, discipline, and innovation.
With this appointment, Prof Buratai succeeds Professor Kyari Mohammed, whose single five-year tenure is widely credited with laying a strong foundation for the university’s academic and structural growth.
The Nigerian Army University Biu (NAUB) was established in 2018 as a unique public institution owned by the Nigerian Army and designed to serve both military personnel and civilians. Located in Biu, Borno State, the university was conceived as a strategic response to the security and developmental challenges facing Nigeria and the wider Sahel region.
NAUB is focused on entrepreneurship, innovation, defense studies, and technology-driven research. It offers undergraduate and postgraduate programs in diverse fields ranging from engineering and environmental sciences to social sciences, computing, and military history.
What sets NAUB apart is its civil-military partnership model, which aims to foster mutual understanding and collaboration between Nigeria’s armed forces and the general populace. The university plays a key role in developing indigenous solutions to security challenges while also contributing to national capacity building and economic resilience through education.
With increasing national and international recognition, NAUB continues to attract scholars and partnerships across Africa and beyond, committed to transforming it into a world-class institution in security and development research.
Professor Lawan Buratai, a respected scholar and administrator, is expected to lead the university into its next chapter—deepening academic standards, expanding infrastructure, and strengthening NAUB’s role in national transformation.
His appointment signals a continuity of vision with a renewed focus on excellence, innovation, and service to the nation.
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