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Sunday 4 September 2016

Strategies on Frail Macro Environment - Banks Accept continued existence

The hard Macro Economic environment is obviously taking its toll on commercial banks as well as other financial institutions with most of them adopting various strategies to remain afloat.
The impact of the tough operating environment clearly manifested in the recently released half year results posted by the banks, which were largely below market expectation, even though some banks did well.
Nigeria’s economy contracted by 2.06 per cent year-on-year in the second quarter of 2016, as against the 2.4 per cent recorded in the corresponding quarter of 2015, thus confirming the economy to be in a recession.
The deepening of Nigeria’s economic decline was largely due to the troubled oil and gas sector, which contracted by eight per cent year-on-year in the second quarter of 2016, as against the 6.8 per cent in the comparable period in 2015.
Owing to this, from downsizing of workforce, to freezing staff promotion, giving staff targets, reduction of salaries and other emolument, as well as embarking on aggressive deposit mobilisation by deploying more staff into market-facing units, banks are doing all to ensure that they improve their revenue.
An auditor with a first generation bank said: “Banks are struggling. Even as an auditor whose job entails visiting branches, normally if I use my personal car to visit any of the branches, they refund us by calculating the mileage and number of kilometres we covered and refund. But we have been told that due to budget constraints, even if we use our cars, we should not make any request for refund.
“In fact, we were told recently that due to budget constraints, we should reduce the number of times we visit the branches. For the low risk branches, the instruction is that we should do the risk assessment online, while for the high risk branches, we can be visiting once in two months.”
Also confirming the situation in the banking sector, the Managing Director, Wema Bank Plc, Segun Oloketuyi, said as a result of development, his bank had continued to watch its cost of operation. He said some of his branches now close at 4pm as part of the cost-saving measures.
He said: “We haven’t retrenched in this bank in the face of economic pressure and we are not about to do one either. We have done adjustment where it needs to be done. Adjustment doesn’t mean salary because I didn’t cut anyone’s salary either. But we have adjusted the way we do things. For instance, you don’t need to put on the light when there is nobody.
“We ensure that we do our jobs between 8am and 4pm in some branches and still deliver quality services to our customers. We have cut down on running diesel for long hours till 8pm. For my staff who are doing MBA and other academic programmes, you can go read at home because we are not going to be providing you light and air conditioner to do that in the office anymore.
“What I am saying is that some people stay long hours in the office not because they are working. They shut down when the bank officially closes and switch over to do their own things. We don’t need to put on a huge generator in this office just because someone wants to study. So, in this head office, our generator goes down at 7.30pm and then we put on a smaller generator for essential services such as the data centre, the lift and the MDs office.”

Glean: Thisday

Boko Haram bomb maker ‘fails in bid to join army’

DSS arrests 21 suspects
Boko Haram members are planning to infiltrate security agencies, it was learnt yesterday.
Part of the plan is to insert an Improvised Explosives Devices specialist into the Army, the Department of State Security Services (DSS) said.
In a statement issued by its spokesman Tony Opuiyo, the DSS disclosed the increasing desperation and sophistication of criminal elements, noting that about 21 suspected assasins, fraudsters, kidnappers and others have been picked up during various operations across the country.
“In response to the regrouping of Boko Haram elements in Kano State, the Service in concert with the military, carried out coordinated operations in the State which led to the apprehension of two high profile members of the sect, namely Ibrahim Ustaz Abubakar and Idris Audu (aka A.Y.A.).
“Audu is an IED specialist who was being groomed to penetrate security agencies in the country; Audu had already perfected plans to seek for recruitment into the next recruitment scheme of the Nigeria Army before his arrest.
“ On 22nd August, 2016, one Samuel Asuquo, a kidnap kingpin was arrested by the Service at Nasarawa Bakoko village in Cross River State; Asuquo was the mastermind of the kidnap of three Australian staff of Lafarge Cement Company, for which his gang received ransom N150m.
“Similarly, on 30th August, 2016, the trio of Bamaiyi Mustapha (aka Dan Borno), Aminu Isa and Hassan Shehu, members of a notorious kidnap gang operating around the Abuja-Kaduna axis, were arrested at Lafia, Nasarawa State.
“The gang had earlier kidnapped five Igbo women and collected N13m as ransom; they were subsequently arrested by the Service while planning a high profile kidnap in Abuja.
According to the DSS, a sacked embassy driver who was threatening the Ukrainian ambassador, was arrested for posing as the Accountant-General of the Federation. Two others who cloned the telephone number of the Group Managing Director of the NNPC, in a bid towards actualising high level fraud.
”This Service has arrested one Abbas Mohammed at Asokoro, Abuja; he was sending several threat messages to the Ukranian Ambassador to Nigeria.
“Preliminary investigation revealed that Mohammed was formerly employed by the embassy as a driver but he began threatening his former employer after losing his job arising from observed gross acts of insubordination from him to his employers.
“On the economic front, the DSS is currently intensifying action against high level fraudsters whose unwholesome activities is  negatively affecting investors’ confidence with multiplier risk to genuine  businesses nationwide.
“Accordingly, one Izuagie Mohammed was arrested in Benin City, Edo State on 24th August, 2016, for impersonating the Accountant-General of the Federation. Mohammed had already defrauded unsuspecting members of the public, posing as the Nigerian AGF on Facebook and promising them facilitation of Central Bank of Nigeria (CBN) empowerment loan before he was apprehended by the Service.
“In a further action, on 28th August, 2016, Taiye Alade and Ajoke Kolawole were also arrested by the Service at Fabian Hotel, Ado-Ekiti, Ekiti State.
“The duo had cloned the GSM number of the Group Managing Director of the Nigerian National Petroleum Corporation (GMD NNPC), and were using it to defraud his close associates,” the DSS alleged.
Assuring all law abiding citizens and residents that it will not rest on its oars in its determination to ensure a safe environment for all to carry out their legitimate business, the DSS stated that several other criminal suspects are now helping its investigations.
“ In another operation carried out same day at Tamburawa village along Kano-Zaria Expressway, Kano State, Alhassan Musa and Ado Yusuf, members of a notorious kidnap/armed robbery syndicate operating from Falgore forest in Doguwa Local Government Area, Kano State, were also apprehended.
“On 19th August, 2016, two kidnappers operating in Zamfara and its environs were arrested; they are Abdulrasheed Ibrahim and Aliyu Umar; the duo had been terrorising residents of the area along with a kidnap group headed by ‘Buhari General’ who is still at large.
“Also, on 26th August, 2016, two (2) notorious kidnappers, armed robbers and assassins; Moses Achia and Fanen Igbetar, were arrested at Kperlegba Village, Katsina-Ala Local Government Area of Benue State.
“One AK-47 rifle, five fully loaded AK-47 magazines, 150 rounds of live ammunition and one pistol loaded with 15 rounds of live ammunition were recovered from them. The syndicate had planned to kidnap a female business tycoon in Makurdi, Benue State.
“On 3rd September 2016, a kidnapping gang under the coordination of one Sunny Isaac (late), which has been terrorising residents in states of the South-East zone, was busted by the Service at Aba in Abia State; prior to their arrest, the gang had masterminded series of kidnapping incidents in the state, including the abduction of one Uche Ikonne (female), an American citizen in the state.
“Other members of the gang arrested by the Service include Nnaoma Amak, Chiedozie Ebere, Bartholomew Michael, Chinweotito Innocent and Celestine Ikarangwan while the following items were recovered on them during the time of arrest; N400,000.00, a double-barrel gun with two live ammunition, a Toyota-Corolla car, a Volkswagen Golf car, and the mobile cellphone of Ikonne.
“Also, one Mike Ewugbara, a known child trafficker was arrested at Okigwe, Imo State on 26th August, 2016.
“Three kidnapped children were rescued from his hideout, including one Miracle who was abducted in Benue State,” the DSS stated.

Glean: Nation

Deflation: Melaye urges Buhari to sack Adeosun, Emefiele, Udoma


A member of the Senate representing Kogi-West Senatorial District, Senator Dino Melaye, on Sunday called on President Muhammadu Buhari to take drastic measures on the ailing economic, including the immediate removal of the Minister of Finance, Kemi Adeosun; Minister of Budget and National Planning, Senator Udo Udoma; and the Governor of the Central bank of Nigeria, Mr. Godwin Emefiele.

In a statement in Abuja, Melaye said the President must shake up his cabinet, and accused some members of cabinet as lacking the capacity to deliver on the mandates of their ministries and agencies.
He said Adeosun, Udoma and Emefiele should be axed for the economy to be effectively rebooted to deliver on the change agenda of the present administration.
Melaye said, “At the moment, it must be crystal clear to all discerning minds that the President’s widely-acclaimed magical body language has lost its presumed aura and efficacy. His no-nonsense demeanor is equally neither instilling fear nor commanding respect and loyalty from among his cabinet members.
“It is therefore obvious that the time for barking is over; now is the time to bite and boot out all those who have demonstrated, in the past several months, a crass lack of capacity to effectively carry out the functions of their office.”
The All Progressives Congress senator, who is the Chairman, Senate Committee on the Federal Capital Territory, also condemned Buhari’s economic team led by Vice President Yemi Osibanjo, saying that “their decisions will not be and has never been respected by the economic managers and the bureaucracy in Nigeria.”
Melaye urged the President to, instead, constitute an ‘Emergency Ad Hoc Economic Team’ made up of all former ministers of finance, ex-ministers of budget and national planning, ex-CBN governors as well as members drawn from the academia with “deep knowledge of developmental economics to drive the economic revival programme.”
He said, “The President must immediately transit from mere rhetoric to drastic but positive action to save the economy and Nigeria from total collapse. The hunger in the land is real, pervasive, widespread and debilitating for the poor masses.
“As I walk the streets of my constituency these days, I constantly harbour a foreboding that I could be stoned by my angry constituents for the failure of Mr. President to fulfill his campaign promises and expectations to Nigerians.
“Nigeria is tottering on a dangerous precipice, sliding perilously to a certain catastrophe if the current economic malaise is not halted immediately.”

Glean: Punch

PDP inaugurates new Exco in Yobe, vows to wrest power from APC

From left: The Yobe State PDP Zone B Vice Chair‎man, Engineer Sa''idu Adamu Haram and the State Secretary taking their oath of office at the PDP Zonal Headquarters in Bauchi on Thursday.


New Executive Council members ‎of the Yobe State chapter of the Peoples Democratic Party (PDP) ‎has been sworn in to run the affairs of the party for the next four years.
 The 27 member council was sworn in by Zonal officials of the party at its Zonal Headquarters in Bauchi on Thursday.
In his address, PDP North East Zonal chairman, Ambassador Emmanuel Njiwa, charged members of the Exco to work towards dislodging the ruling APC in the state.
 He said that the party had earlier scheduled the presentation of the certificates to take place after the botched August convention‎ of the party in Portharcourt.
 He informed that the party had earlier sworn in 25 members of the Exco following their election to run the affairs of the party in the state for four years.

glean:  Daily Trust

Expert says: Consumption of maize is good for management of diabetes, obesity

A Nutritional Biochemist, Dr. Ochuko Erukainure, said on Sunday that consumption of maize was good for the management of diabetes and obesity in both children and adult.
Erukainure, a Senior Research Officer at the Federal Institute of Industrial Research (FIIRO), Oshodi, told the News Agency of Nigeria (NAN) in Lagos that maize was one of the seasonal foods good for healthy living.
He said maize was rich in micro-nutrients like manganese, zinc, iron, copper and selenium, adding that its consumption could address the micro-nutrient deficiencies.

“Maize is part of the food items being enjoyed by people in various forms such as whole corn, corn flour, cornstarch, corn gluten, corn syrup, cornmeal, corn oil, popcorn, cornflakes, among others.
“Apart from satisfying the taste buds of its users, maize is also a good source of vitamins, minerals and dietary fibre.
“Maize is rich in ferulic acid, a phenolic compound with anti-cancer activity, and anthocyanins found in purple corn is also a good antioxidant phytochemicals with reported anti-cancer activity.
“Owing to these phytochemicals and minerals, maize has been found to be effective in the management of many diseases such diabetes, cancer, and hypertension,” Erukainure said.
The expert also said that maize was very rich in thiamine or vitamin B1 necessary for brain to absorb glucose and transform that food into energy.
“Biotin or Vitamin B7 give nutritional benefits to maize, since the deficiency of this vitamin in the body affects the state of the skin and hair.
“The nutritional benefits of maize are also determined by its vitamin A, which functions as an antioxidant in preventing diseases such as cancer.
“The high fibre content is another characteristic linked to the nutritional benefits of maize and makes it suitable for diets to lose weight and lower cholesterol levels in the body,” he said.
Erukainure said that maize was nourishing snacks with no cholesterol, but contained high fibre which was ideal for body building and weight-watch when eaten in moderation.
He, however, advised that maize should be eaten moderately to enhance its effectiveness in strengthening the immune system for healthy life.

Glean: Guardian 

AISHA BUHARI: NIGERIAN WOMEN CRITICAL STAKEHOLDERS IN NATION BUILDING


WIFE of the President, Hajiya Aisha Buhari, has described Nigerian women as critical stakeholders in the affairs of the country, adding that their primary concern is to always  complement the efforts of their husbands or the men folks.
She stated this on Saturday at the fundraising launch and unveiling of the Cancer Screening Centre of Raise Foundation, the pet project of  Dr Amina Abubakar Bello, a consultant gyneachologist and wife of the Niger State governor, Alhaji Abubakar Sani Bello, in Minna, the state capital.
She stated this while reacting to former Head of State, General Abdulasalami Abubakar’s remark that Nigerian men are now becoming endangered species, adding that “women are now overtaking us’in the scheme of things in the country.”
Hajiya Aisha Buhari stated that: “We are not planning to take-over the leadership positions of our husbands,rather we are out to complement the role of the men. And I am gratified to be identified with eproductive Rights, Advocacy, Safe Spaces and Empowerment (RAISE) Foundation, a non- governmental agency led by the wife of Niger state governor, Dr. Amina Abubakar Bello.”

Glean: Tribune

Frank Lampard Backs Jack Wilshere to Shine at Bournemouth Following Loan Move

Chelsea legend Frank Lampard believes Jack Wilshere can reestablish himself as one of the Premier League's greatest midfielders after his loan switch from Arsenal to Bournemouth. 

Lampard, 38, who still plays for MLS side New York City FC, said he can empathise with Wilshere's injury woes and believes the playmaker has made the right decision in moving to Eddie Howe's team, mainly because he needs minutes under his belt. 

“People will be surprised by it but I think it’s great because he has to play," Lampard told the sun

“I’ve been very fortunate with injuries in my career but I’ve had a few more at the back end. I know the frustrations.

“I don’t know why he has been injured for a long time. But I’d love to see Jack play regularly at Bournemouth. Then I’m sure the future is bright for him.

“He’s a big player for England. We want talented midfielders like that to come through. Only by playing regularly can he do that.”

Lampard also commented on another eye-opening deadline day deal, saying Chelsea re-signing David Luiz is great business. 

“It’s a good signing. I played with David. He’s a great defender, great energy. At today’s prices, it’s probably not a bad signing generally.”

Lampard also said his allegiance is to the blue half of Manchester when it comes to United meeting City next weekend, despite his close relationship as a player with Jose Mourinho. 

“Of course I have respect for Jose," Lampard explained. 

“But I had a great time at City for a year and they were great people for me. I never imagined playing at a club after Chelsea. But the staff, the people behind the scenes, the fans really welcomed me. So my loyalties will be there watching that game.”

Glean: Ftbpro

Turkey tanks target IS in Syria

Turkey has opened a new line of attack in its operation in northern Syria.
The country has sent more tanks across the border - to help take villages held by the so-called Islamic State.
The military was working with Turkish-backed rebels who seized villages further to the east.

Glean: BBC

35 Students won ₦15.75 million from Jim Ovia’s ICT Foundation

The Nigerian Computer Society (NCS) will present scholarship funds to 35 students at the 2016 National Information Technology Merit Awards. The scholarship fund which is worth ₦15.75 million was gifted by Jim Ovia Information Communication Technology (ICT) Foundation.
The NCS President, Prof. Sola Aderounmu through a publication on the NCS website, disclosed that the scholarship would provide ₦750,000.00 each to five Doctor of Philosophy (Phd) students, ₦550,000.00 each to 10 Masters Degree (MSc.) students and ₦350,000,00 each to 20 undergraduate students across tertiary institutions in Nigeria and outside the country.
The awardees are:

NCS Doctor of Philosophy (PhD) Awardees

  • Chukwuemeka Nzieih– University of Nigeria, Nsukka (Information Systems Management)
  • Oluwaseun Oluwole Ebiesuwa – Babcock University (Information Systems)
  • Oloruntoba C. Oreoluwa – Federal University of Agriculture, Abeokuta (Enhancing Privacy in Information Systems)
  • John Adetunji Adebisi– Obafemi Awolowo University (Software Engineering)
  • Adesiyan Temitope Tobi – Obafemi Awolowo University (Computer Science/Multimedia Networking)

NCS Masters Degree (MSc.) Awardees

  • Kennedy Chinedu Okafor – University of Nigeria, Nsukka (Digital Electronics-Computer Engineering)
  • Ceasar Emmanuel Eko– University of Ibadan (Networking and Information Security)
  • Emmanuel Uko Okon – University of Port Harcourt (Computer Science/Machine Learning)
  • Sampson Udoudo Essien – National Open University of Nigeria (Information Technology)
  • Abisola M. Adesanya – Federal University of Agriculture, Abeokuta (Computer Science/Security)
  • Oreoluwa Zainab Hammed – Babcock University (Management Information Systems)
  • Abdulrauf Aremu Gidado – University Of Ilorin (Computer Science)
  • Jacob Ogah Jacob – University of Calabar (Computer Science)
  • Victor Uwaje – University of Lagos (Information Technology)
  • Adekunle Johnson B. – Obafemi Awolowo University (Computer Science)

NCS Undergraduate Awardees

  • Marliyya Ubam – Abubakar Tafawa Belewa University, Bauchi (Computer Science)
  • Jimoh Yisa Olamide – Osun State College of Education, Ila-Orangun, Osun State (Computer/Chemistry)
  • Kinsley Chijioke Aniekwe – Institute of Management And Technology, Enugu (Computer Science)
  • Sadiq Hammanjoda Bero – Abubakar Tafawa Belewa University, Bauchi (Computer Science)
  • Fatunmbi Gboluwaga Oludotun – Federal University of Agriculture, Abeokuta (Computer Science)
  • Damian Ugonna Anumudu – Federal Polytechnic Nekede Owerri (Computer Science)
  • Abdulsalam Bamidele Abass – Ahmadu Bello University (Computer Science)
  • Okunuga Makanjuola Aminat – Federal University of Agriculture, Abeokuta (Computer Science)
  • Sodipo Olawale Gideon– Federal University of Agriculture, Abeokuta (Computer Science)
  • Emmanuel Gregory Essiet – University of Uyo (Computer Science)
  • Chika Paul Annomneze – Babcock University (Computer Information Systems)
  • Aniekan Ufot Inyang – University of Uyo (Computer Science)
  • Hauwa Ibrahim Binji – Sokoto State University (Computer Science)
  • Newton Elkanah Allen– Niger Delta University (Computer Science)
  • Abubakar Sadiq Mohammed – Abubakar Tafawa Belewa University, Bauchi (Computer Science)
  • Sumayyah Kikelomo Adewunmi – University of Ilorin (Computer Science)
  • Egwu Benjamin Maduabuchi – Babcock University (Computer Science)
  • Bello Abdul-Wahab Oluwatobi – University of Lagos (Computer Science)
  • Shah Salihu – Federal University Wukari, Tarawa State (Computer Science)
  • Abba Danazumi – Bayero University, Kano (Computer Science)
According to NCS, the scholarship scheme is one of the corporate responsibility initiatives geared towards mentoring and monitoring Nigeria youths for ICT sustainability. The NCS had instituted the scholarship programme to assist its members pursue critical research programmes for the advancement of the Nigerian Information Communication Technology ecosystem.
National Information Technology Merit Awards which started granting scholarships four years ago will host Jim Ovia in November. He is expected to present the awards as cheques to beneficiaries.
Glean: Techpoint

Ex President Obasanjo Formula revisited

(Elite Pluralism or Electoral Federalism)
Like all medical perplexities, the Nigerian patient has many physicians. Unfortunately, none is as yet a psychiatrist of collective hysteria. Hysteria defines the Nigerian condition. It drives the people to extremes of passion: from tender loving to mutual loathing, from reasonable cooperation with authorities to irrational confrontation with the state, and from kindness to many to cruelty to all. The human condition has never been richer in sheer diversity; or more intriguing in its seething and sizzling contradictions.
As military rules recedes into remote antiquity in Nigeria, the contradictions of domesticated democratic rule are opening up. One of these contradictions is the very fact that the “open” society has now allowed Nigerians to have an idea of the glaring imperfections of democracy as naturalized in Nigeria. This is the longest spell of civil rule in the history of Nigeria.
The First Republic lasted six years and the Second Republic four years. The Third Republic diedinvitro. With seventeen continuous years of civil rule under its belt, the Fourth Republic has even managed a historic regime change, with opposition elements defeating an incumbent government in the presidential election of 2015.
Yet rather than thank God for little mercies and use the opportunity of relative stability to pose questions that will deepen the democratic process, or engage in fruitful and creative strategizing that will boost social justice and political inclusiveness, Nigerians have been quarrelling and bickering  over irrelevancies. It is all in the nature human societies, particularly when people believe they have been short-changed in the name of change.
So, once again it is the season of open cynicism when men and women on the boil complain and question everything under the sun. But this monologic narrative about suffering under change does not exhaust the story in its diverse possibilities. Indeed, it is curious that we complain endlessly and rightly too about the legislature, the judiciary and the executive without appreciating the underlying irony or the conditions of possibility.
These strident complaints seem to have come to a head with the administration of General Buhari for three interlocking reasons which may not be obvious to the president and his harsh interlocutors. First, given the circumstances of his current ascendancy, people complain because they believe that this ought to be a listening government.
Second, they complain because they believe that they have a government strong and resolute enough and with the capacity and resilience to absorb criticism without toppling into self-absorbed intolerance. Finally, people complain because it is seen as part of change or a longing for change. The whole Buhari project itself, it can be argued, is anchored on a relentless electoral critique of the PDP project of perpetual power without responsibility.
It was a political siege lasting for a whopping sixteen years and three epic presidential slugfests beginning from 2003. There is no evidence that Buhari was part of, or ever bought into, the military conspiracythat foisted General Obasanjo on the nation. The only time the two military heavyweights ever collaborated was during the short-lived Association for Good Governance- or something to that effect-formed after the annulment of the June 12, 1993 election. Predictably, the whole thing ended in a fiasco as a result of multiple political ambushes.
Having been a serial victim of electoral malfeasance himself, it will be very strange if President Buhari were to be seen opposing or rejecting necessary electoral reforms and the structural adjustments which will put the electoral destiny of the nation beyond the manipulative reach of a few people or an oligarchic cabal.
Yet even more curious is the fact that in all the noise about restructuring, fiscal federalism, political reform, modernization etc.., we have been slow tocome up with the notion of electoral federalism in opposition to elite pluralism or the plutocratic politics so beloved of our retired generals and the dominant faction of the political elite.
Electoral federalism presents a major challenge to multi-ethnic and culturally polarized nations, but it is also a nation-enhancing formula for overcoming primordial divisions. By giving sinews and strengths to the smallest units, it ensures that no part is made to feel electorally unimportant or surplus to hegemonic requirements.
But even more importantly, the voting template is structured in such a way that no single unit or combination of two hegemonic blocs can determine the electoral fate of the nation.  In elite pluralism, once the political barons have made up their minds, two elite formations can combine to impose their rule if not vision on the rest of the society.
The perils of elite pluralism and plutocratic politics can be seen in General Obasanjo’s recent assertion that he (Obasanjo) and three other people gathered together to impose General Buhari on the nation. Coyness and self-effacement have never been part of the former president’s virtues, particularly when it comes to political self-advertisement. Yet it is quite intriguing that on this occasion, perhaps jolted by his own dangerous indiscretion, Obasanjo issued a public retraction and ate his own word.
But the Owu-born warlord need not be remorseful or sorrowful about this indiscretion. This is the nature of politics and democracy in Nigeria, particularly after the advent of military rule. The selectorate select and then ask the electorate to elect. If the selectorate fail to select, there would be nothing for the electorate to elect.
This was how Obasanjo himself came to be in 1999 and in 2003 when he steamrolled the entire nation by unilaterally electing to act on behalf of the selectorate.  Again in 2007, Obasanjo, in a rather crude show of unilateral power, appropriated the will of the selectorate to impose Yar’Adua and Jonathan on the nation having failed in his bid to extend his tenure. The electorate had no choice but to elect accordingly.
The only known exception to this iron law of electoralism in Nigeria was in 1993 when General Ibrahim Babangida,  panicked into careless brinksmanship, failed to select and the electorate elected an unanointed and unselected MKO Abiola. All hell was let loose and the election was summarily annulled by the full selectorate.  Having failed the nation in this military-ordained transfer of power to the extent that he imperilled continued military rule, Babangida was lucky that he was only forcefully shunted aside for General Abacha, the ultimate enforcer, to gather the reins of power and the scrambled wits of the military oligarchy.
But not being very intelligent or an astute reader of the wider political currents, Abacha mistook his historic brief as the final undertaker of military rule to mean continued military rule or at the very least his own transformation to a civilian despot. His old military cohorts such as Generals Obasanjo and Yar’Adua, whoin their political delusion still thought there was something to play for were swiftly impounded and thrown into the dungeon of the dead and dying. But in a historic clearing of the clogged deck facilitated by external interests, both Abacha and Abiola had to be eliminated to pave the way for General Obasanjo.
Having been the major beneficiary of this occult democracy and the deadly manipulation of elite plasticity in Nigerian politics, it is understandable if General Obasanjo continues to be enamoured of its schemes and scheming. Obasanjo himself and his disastrous impositions are prime examples of what is wrong with this type of command democracy and its manipulations of narrow elite consensus and institutional incoherence in the country.
There is always a ring of fait accompli to this kind of oligopolistic politics and the manipulation of elite fault lines by a few supermen in a multi-ethnic country cobbled together by colonial interlopers, since nature abhors a political vacuum.  The danger with this kind of politics is not that it is inherently evil or amoral. It is more dangerous than that.
Since it is unable or unwilling to avail itself of the need for the constant restructuring and the architectural revamping of the polity which throws up new talents and energies needed to galvanize the nation it is constantly scraping the bottom of the barrel and throwing up expired non-starters such as we have seen with Obasanjo and his jaded impositions. Its mere existence therefore becomes an iron and binding justification for its continued existence as we have seen in Obasanjo’s unguarded outburst.
For example since the advent of the Fourth Republic and owing to the reality of structural marginalization and political amputation arising from the civil war and hegemonic politics, there is no evidence that a military general or political figure of commensurate stature from either the South South or the South East has ever taken partin the oligarchic deliberations which precede the foisting of a ruler on the whole country.
The current turmoil and turbulence and the cries of exclusion and marginalization from those parts of the country should serve as a warning that we cannot continue to exclude significant sectors of the nation from its power configuration. Something will give and if care is not taken the force of inevitability will lead to the inevitability of force.
The Americans who we like to ape for the wrong reasons are also conditional democrats. Their founding fathers also knew that the election of a nation’s president is too important to be left wholly in the hands of the electorate with its untamed and often unwise rabble. They therefore came up with the idea of an electorate college as the ultimate arbiter of who becomes the president of America.
Consequently, when they are voting for a president, Americansare also selecting the electors who will act as the ultimate umpire in conjunction with the state legislatures, the governors and the congress. But America is a land of constant restructuring and ceaseless self-surpassing. When this inventive 1787 contraption ran into stormy waters in 1800 in the historic Jefferson-Burr presidential duel, they quickly came up with a structural amendment which has since undergone several amendments as unforeseen circumstances develop.
In the light of the foregoing and given the sheer scope and magnitude of state corruption that has been revealed to the public by his fortuitous advent, General MohammaduBuhari will be the last member of the old oligarchy to ever rule Nigeria. The retired general should seriously ponder his strategic role and historic destiny as the final undertaker of the old Nigerian ruling class in all its political, economic and electoral turpitude and should not allow himself to be misled by hawks insisting that the current configuration will do.
This is why the president, rather than seeing those who are clamouring for the urgent restructuring of the political, economic and electoral organogram of the country as irritants and closet adversaries should see them as allies seeking to help him midwife a new Nigeria. As it is, the general appears torn between the false claims of those who insist they brought him to power and the wider and more legitimate claims of the Nigerian masses who swept him to power to save them from their tormentors.
Given the current mood of the country, if the retired general should choose to run in 2019 based on a revalidation or mere recombination of the existing formula rooted in the coalition of two hegemonic blocs, there is every possibility that the nation might dissolve into terminal anarchy and chaos. Here is hoping that President Buhari will not be the last ruler of Nigeria as we know it.

Glean:  Nation