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Wednesday, March 12, 2014

Breaking News: Nigerians Baffled by its Government

Breaking News: Nigerians Baffled by its Government

BBC captioned it Is Nigeria serious about tackling corruption?. The headlines from Financial Times Finding Nigeria's missing billions attempts to leave a trail. But it is New York Times that draws much attention to the current state of dilemma in Nigeria between Accountability, Transformation and Corruption. Written by Nossiter Adams the headline was simply Nigerians Ask Why Oil Funds Are Missing.

Like the other questions, the government will try to quench the fire and put out any more scandal of missing oil funds. The President had already shown its rudeness that although his administration like his predecessors are corrupt, he doesn't want any public negative image. Scandals past and present has shown that his administration is corrupt. How do you fix it? Do you silence the messenger or terminate the pest?

“A substantial amount of money has gone...It’s just a big scam,” Mr. Sanusi said in the interview. “The amount is shared by a cabal.”

“Mr. Sanusi has been making all kinds of claims to project himself as a victim,” the president's spokesman, Reuben Abati, said in an email, accusing the former bank governor of “financial recklessness, abuse of mandate, incompetence and criminal acts of negligence.”

The outspoken Central Bank governor Lamido Sanusi was suspended and later relieved of his duties. The state oil company, Nigerian National Petroleum Company (NNPC), has failed to account for $20bn in oil revenues.

Still the problem exist. Kerosene sells for 140 naira a litre or 160 naira when it should be 40 naira a litre. Fuel scarcity continues to generate more interest. Nigerians still expect more than 6 hours of uninterrupted power supply. It goes on and on.

It is no longer the former CBN governor who's asking the questions about missing oil fund. Nigerians are curious and families would like to know how $1bn was disappearing every month over a 19-month period.

It is sad for the economy. Sad for a country. Shooting the messenger does not nullify the message. Can the government fire a whole country for asking for the truth?

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