| Atiku and the Miracle of N31,000 |
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| Saturday, 22 July 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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It appears that not even a recent two-week repose in the United States has spared Vice President Atiku Abubakar from the incessant onslaught initiated by his many detractors in the federal government. From all indications, these are not the best of times for the number two citizen of the land as the omnipresent (as in his case) long and bloody knives are once again waved dangerously by the tormenting hands in search of the fatal jab. For this Adamawa native, his troubles are many, assuming new and intriguing dimensions daily and seemingly intractable, not the least of which is the recent reported arrest of his business associate, Chief Otunba Mike Adenuga, Globacom chairman and the raiding of a commercial bank in Lagos in search of his accounts. As expected, the Atiku camp is interpreting these activities as an attempt by the presidency to frustrate his presidential bid. While this is not far from the truth, there is something to be said about the timing of these forays into the VP's financial dealings coming on the heels of the recent publication of his autobiography "Atiku: The Story of Atiku Abubakar", on how he made his millions. The federal government is trying to prove a point that Atiku, like the rest of the praetorian lot, is unscrupulous in his financial dealings and therefore not fit to be commander-in-chief. Atiku has not helped his case and may have perhaps, administered the most potent blow so far with his unconvincing explanation of how he made his millions. The publication of the autobiography at this time may have been due to pressure for him to account for the source of his enormous wealth given his presidential aspirations. But on this score, as on many others, the second democratic vice president of Nigeria has failed wantonly to impress his readers. The story that appeared on July 8, 2006, in the Daily Independent Online edition reported that Atiku attributed his enormous financial success to the reinvestment of rent collected from the tenants of his properties in Gongola (part of which is now Adamawa) and beyond. The article noted that Atiku took a Federal Staff Housing Loan of N31, 000, which was five times his annual salary and used it judiciously to buy a plot from the defunct Gongola State government, used the same funds to hire a foreman who built a bungalow in adherence to schedule which was rented out immediately to worthy tenants. The article further noted that he reinvested the rent money and bought another plot repeating the same feat with the same profitable results. In the meantime, curiosity continues to loom as to what collateral (if any) was put forward to secure the hefty loan for a custom officer whose annual salary then was only N6000. With this sound business practice repeated in Kaduna and other parts of the country, Atiku was able to invest in other areas of business such as farming, education, energy, etc, culminating into the immeasurable wealth that has now come to define the vice president as one of the wealthiest men in the country. While he has demonstrated astute entrepreneurship worthy of flattering commendation that would even marvel the best professors at the premier Wharton School of Business (University of Pennsylvania), it is a hard sell that the plowing of rent money into more real estate alone is responsible for his uncountable millions several years later. Is there more to the story of Atiku Abubakar? We must ask; how much exactly was the rent? Even with the exchange rate of N1 to $3 back then, is it possible that rent collected from tenants living in a small bungalow blossomed into an estimated $1.4 million (USD) used to purchase a mansion in the 12th richest neighborhood in the US, Potomac, Maryland? We must also ask; is it the same rent money that was used to build the multi-million dollar ABTI-American University in Yola and to purchase other properties and federal government agencies that were privatized, all worth millions of dollars? In the interest of good ethics and the proper conduct of public officials, it stands to reason that the establishment of ABTI-American University raises an exigent issue, one that is often overlooked in the political calculation; the moral justification for a sitting vice president to establish a university worth millions of dollars. The award of a Nobel Prize is hardly necessary for one to know that this is quite reprobate and contradicts in no small measure every known ethos of rectitude and virtuousness. It brings to fore the acute dearth of mores amongst the ruling class as it demonstrates the insolence and superciliousness with which the leaders have been leading. Such an act, as commendable as it is in normal circumstances, is indeed an aberration, one that can hardly stand the test of probity and political expediency in a sanitized and civil society. It holds forth that Atiku's explanation of the source of his wealth like his presidential agenda set out for the country is gravely (to put it mildly) devoid of persuasion and belies the mendacious deposition of Nigeria's politicians. Nothing could be more indicative of a maladroit stewardship, the same that has brought the country to its knees. Of late, the federal government appears to have taken a keen interest in Atiku's questionable role in the privatization scheme of many public agencies and bureaus and the recent investigation by the US FBI into allegations of bribery involving US Congressman Jefferson of Louisiana and other pies that have Atiku's imprint. In truth, the VP is in a tottery position no one should envy for his burden is two-edged amply compounded by his bellicosity with his boss. While on one hand he is a victim of Obasanjo's retributive politics, on the other, he is censurable for his own adverse actions inimical to the prosecution of good governance. As is the case in a corrupt society such as Nigeria where loyalty, not merit, is the ticket to political office, Atiku would have been assured of his place in Aso Rock as the anointed successor to the president were he walking the walk and speaking platitudes. But this is far from the truth as Adamawa is from the ends of the earth and this singular fact seems to capture aptly all that has gone wrong with the Obasanjo-Atiku relationship. In the Guardian editorial of Friday, July 14, 2006, Dr. Reuben Abati titled his piece "How Far Can Atiku Go?" He noted, "What is going on is a deadly game of power in which the Obasanjo group continues to throw mud at the Vice President." And there is plenty of mud to be thrown at the vice president who is fighting a battle he cannot win, and this has nothing to do with democracy or the Nigerian people, it is what it is; a personal battle. In recent times, hardly anyone has won a personal battle against the president; not Alamieyeseigha, not Tafa Balogun, not Evans Enwerem, not the late Dr. Chuba Okadigbo, not the various PDP chairmen, etc, all of whom descended from their high stools like a badly decked pack of cards. Obasanjo with the levers of power at his whim is capable of frustrating the vice president to no ends. And indeed, that is exactly the case as it appears that there is more in store for the number two citizen. Atiku ought to be very careful as he seeks the highest office in the land. At the same time he should be honest and forthcoming with the Nigerian people if he wants to be considered a serious contender. It is not plausible that the simple "plowing of the rent" is responsible for his wealth today. He must be honest with Nigerians about the true source of his wealth. We know that he is not a saint; we also know that the title, "Saint" is not one of those that can be ascribed to Obasanjo; we know further that no Nigerian leader is a saint; all Nigerians want is truth and honesty from their leaders. But in fairness and in the interest of equity, the same searchlight ought be beamed on the president for his own corrupt practices, the substantial withdrawal from the foreign reserves to bribe lawmakers to support his failed third term bid, the atrocities in Odi, Benue and many parts of the country that have suffered the wrath of his menacing soldiers. Atiku should not be made an example in the jaundiced war against corruption. What about the thugs, Chris Uba in Anambra and Lamidi Adedibu in Oyo who are growing fat on the peoples' money? What about Babangida? What about Theo Danjuma? What about Jerry Useni, an Abacha crony? What about Joseph Wayas, former senate president? What about one of Wayas' successors, Adolphus Wabara, who reportedly owns a mansion in New York City? What about money-laundering Dariye? In a democracy, the pendulum of justice cannot be tilted in one direction. The drive for equity and justice has to be fair and across the board. But fairness is not one of the calculations in the federal government's equation as it is looking into Atiku's international financial transactions with unprecedented zest and hawkish precision. It may be more damning for his candidacy if corrupt deals are uncovered in these investigations and that may very well be his waterloo. It is thus, safe to conclude that with all these to contend with, his hopes of governing Nigeria may have dissipated with the northward obfuscated Adamawa wind orchestrated by the same vices that trumpeted him to power. In 1999 and in 2003, the PDP rigged elections brought and maintained him in power. Now, as was in the case of the late Dr. Chuba Okadigbo who benefited from the 1979 and 1983 rigged elections and cried foul in 2003 when he was at the losing end, Atiku might have the displeasure of tasting his own medicine as the tide that swept him to power may very well sweep him into political oblivion with another rigged election in his disfavor in 2007. As the candidates shape up for 2007, it
ought to be a curious point that the embattled vice president, who as claimed
by his camp, is the frontrunner, is not prosecuting his presidential campaign
on his achievements as VP in the last seven years, but on achievements to come
in an anticipated presidency. Nowhere on his agenda for the country is there a
reference to his achievement(s) while in office. Are there no achievements to
speak of? If so, I am afraid, it is nothing but a damning indictment of the
failure of leadership, a final statement of insolvency and ungainly stewardship
in seven long years at the apex of power. ___________________________________________________________ Dr. Phil Tam-Al Alalibo writes from Virginia and can be reached at alalibo@gmail.com
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Posted by Robot| 22.07.2006 15:22