Dr. Ngozi Okonjo-Iweala
By Denrele Animasaun
“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”— Abraham Lincoln
BBC scored an own goal last week by running a story about a restaurant in Nigeria, that served human flesh. There was no such restaurant and they did damage to the reputation on many Nigerians. They have since posted an apology:”
That the “article of May 16 reported that a restaurant in Nigeria had been shut down because it was serving human flesh. It was based on details given in a BBC Swahili article. BBC Swahili has now confirmed the story is incorrect and so we have removed the story from our website. We apologise for the error.”
Even the mighty BBC bop and it is sad that how they did not check their source, they were too quick to give a dog a bad name.
Time to pack and go
A colleague of mine told me that, there has been a swell of odiously rich Nigerians, taking up residence in the best part of town in London. Properties have been snapped up on Millionaires row by wealthy Nigerians hot footing it from home. They are getting ready to move out of Nigeria before the hand of GMB is pointed at them to cough up the money they misappropriated under the administration of GEJ.
It seems the fear of prosecution is real, they fear for their loot and the lifestyles it afforded them, will all go up in smoke and they are not willing to part with it. No change there then and this nouveau riche are ousted politicians who have come to “invest” in properties abroad. Last month Dubai closed the bank account of such investors and told them to come and get their money, they weren’t happy to do business with such elements. The net is closing in and it will be very difficult for these people to keep their wealth safe and secure. Even Abacha’s loot was returned after so many years.
This story will run and run, these people will also run from pillar to post with their ill-gotten wealth and they will face the reality, that money sometimes cannot buy you a hiding place. Like a house of cards it will come crashing down and, these looters will scramble to get onto their private jets and attempt to leave the country come 28th of May. It is definitely not over until the fat lady sings.
Give back the prestige
Story doing the rounds that Okonjo-Iweala had been awarded a Doctorate of Humane Letters this week by Yale University. A fellow Nigerian, Sunday Iwalaiye, has initiated a petition against her, that she is undeserving of such honour. The petition was placed on Change.org, the world’s largest petition platform and so far, over 3,000 have signed the petition. In it, Sunday, explained why the nomination should be rescinded: “Yale University gave its prestigious honorary doctorate degree to an undeserving Nigerian, and the petition reads: “There is no tangible evidence of any economic development in Nigeria under the leadership of Ngozi Okonjo-Iweala in all reality”.
The petitioners obviously does not believe that people should be rewarded for failure as it adds that the: “Nigeria’s economy is still an oil-dependent economy that is debt and borrowing ridden as well as 100% consuming and importing in nature.”
The nomination of Ngozi Okonjo-Iweala was harbouring under her past unblemished record and her drive. The nomination for the Doctor of Humane Letters. Claimed that as Ngozi” You are a citizen of your country, your continent, and the world. Shaped by challenging experiences during your childhood. That is not the Ngozi of the present moment.
I remember rooting for Ngozi as a forerunner for the prestigious at the world bank. Many including me, felt she had indeed earned the opportunity and had the gravitas to head the World bank leas, roll on present situation , it cannot be said that the lady had helped to put Nigeria’s economy on healthy platform even though she could have.
There was so much promise and hope that Ngozi was going to transform the fortunes of Nigeria and Nigerians as she had done when she was at the World Bank. So being Nigeria’s Minister of economic development and Minister of finance, the initial promise to kick corruption and to ensure transparency was a breath of fresh air, she had after all had a proven record in the World bank, she had worked tirelessly and turned around the fortunes of many third world and poor countries. So coming home would be inspirational enough to make the change. Or so you would think, so went wrong?
Whoever has nominated Ngozi for this prestigious accolade weren’t looking at her present achievement or lack of, they have been naïve at most, and have been hoodwinked that our Ngozi is the same.
So the petition went on to explain this omission that;”the citation from the Yale University does not reflect nor represent everything that has happened under the watch and the supervision of the Nigerian economy by Ngozi Iweala as the nation’s finance minister.
There is no tangible evidence of any economic development in Nigeria under the leadership of Ngozi Iweala in all reality. Nigeria’s economy is still an oil-dependent economy that is debt and borrowing ridden as well as 100% consuming and importing in nature.
Nigeria’s debt profile has risen rapidly under Ngozi Iweala and Nigeria has borrowed over $2 billion in the last four months alone to pay salaries of the federal and state civil servants. And our foreign reserves and excess crude oil accounts have both depleted heavily under Ngozi Iweala”
Nigeria has crashed and burned and this, it should be reaping the dividends of wealth and capitalism.

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