By March next year it would have been two years since the Inspector General, M.D. Abubakar first unveiled the new camouflage uniform of the Nigeria police to the public.

Several years ago, at a conference on Coastal Piracy in Nigeria’s Territorial Waters, I admonished a senior member of the Nigeria Customs and Immigrations Department that the Customs was the most corrupt sector of the Nigerian public service.

It would have amounted to economic self-delusion of the worst kind if the Federal government had failed to take into account the failure of this year’s budget, largely on account of the shortfall in crude shipments while preparing next year’s budget proposals. By July, revenue shortfall for 2013 had already reached N686bn and are projected to get close to N1 trillion by year end. So instead of N4.925bn proposed for 2013, the nation will be extremely fortunate if N4tn is received. Thus, while the 2014 proposed budget is lower than the 2013 appropriation, it is N495bn more than what can be reasonably expected this year.

“The report of the 14 Nigerian banks which had been appointed as Asset Managers of Nigeria’s reserves was carried on the back page of The Guardian Newspaper of the 5th of October 2006. The report confirmed that “already deposits worth $7bn representing part of the apex bank’s share of foreign reserves estimated at about $38bn had been released to the consortium of bankers, according to the CBN Head of Corporate Affairs, Mr. Festus Odoko”.

Dr Junaidu Mohammed is a Mallam Aminu Kano disciple gone bad. The revered leader of the Northern Elements’ Progressive Union, NEPU, and Peoples Redemption Party, PRP, espoused nationalist ideals in his lifetime.