The threat, earlier this year, by the United States-based international banking mogul, J.P Morgan to phase out Nigeria from its Government Bond Index, for emerging markets (GBI-EM) was made good last Tuesday, 8th of September.

The prosperity gospel maintains the redemption in Christ Jesus is also redemption from financial poverty. It says every Christian is called to be rich in dollars and cents. A favourite scripture in this regard comes from Paul, who says: “You know the grace of our Lord Jesus Christ, that though he was rich, yet for your sake he became poor, that you through his poverty might become rich.” (2 Corinthians 8:9).

There are so many things that often appear irrational about the Nigerian people. One of them concerns the saying that “wealth can induce madness”. How can someone suddenly develop traces of madness simply because he has much money? The unending story of Rivers State, an entity which regularly picks up the highest federal allocation in the country has made me to begin to appreciate the saying and to imagine that in truth money makes some mad, just as others madly pursue it.

In 2009, a former Chairman of the House of Representatives Committee on Power, Hon Godwin Ndudi Elumelu, watched and almost shed tears as his colleagues on the floor of the House tore his report on the power sector to shreds.

Today, in Long Beach California, the alumni of the Government College Umuahia in the United States, the GCUOBA-USA, will be concluding their annual national convention of Umuahians in the United States. This year’s convention, from which I’ve been regrettably absent, happens at an important development in the move towards the restoration of the Government College Umuahia.