Connect with us

Featured

EndSARS, Lekki Massacre, Diaspora and FDIs: The Ramifications a Year Later

Published

on

By Dolapo Aina

First things first, writing about politics, its abracadabra, its luggage and attendant baggage is not what I do (as one left that forte years ago.) And the primary reason for not writing about Nigerian, African or global politics is that as any noteworthy writer and strategic thinker who is worth his or her salt would attest to, you see and can connect the dots long before the citizenry understand what politicians are cooking, serving and dishing out to them. Basically put, writing about politics is not usually intellectually engaging because it is usually déjà vu (if you know or have read the history of the particular context and subject matter). But there are exceptions to the rule where a writer sees patterns others might not have seen and would have to highlight it. The endsars is one of such cases.

Every Nigerian who was following the endsars’ protests from the first week of October 2020 knew where he or she was on the evening of Tuesday, October 20, 2020 and still remembers what he or she saw and heard on some people’s livestreams and DJ Switch’s Instagram livestream. Rehashing the images that emanated from the livestream of DJ Switch would be re-opening mental and psychological wounds that have not healed for those who survived the ordeal at Lekki tollgate, those who barely survived, the families of those whose loved ones have not been found i.e., no closure and those who watched the horror online. Everyone (probably without knowing it) is still going through a post-traumatic stress disorder PTSD which I would get back to shortly.

The ramifications of what happened that night (which one would think was a movie shot by African American movie director Antoine Fuqua who is known for his detailed hyper action movies) morphed from online to reality and is not lost on anyone, as any Nigerian who met Nigerians outside Nigeria might have noticed and deduced. The Nigerians who were in the country and especially Lagos and the island on that day, who I have met outside Nigeria, always seem to have an interesting feature, something in the mould of a PTSD-infused dejection about the country which you cannot miss. The number of Nigerians one met outside Nigeria shortly after October 2020 was on the high side as it would appear that those who could afford it stepped or flew outside Nigeria for breath of fresh air to recalibrate from the turmoil that engulfed the country and most importantly, to re-evaluate their professional and personal options vis-à-vis an enabling environment which was not what they left behind and many attested to this.

Migration and brain drain are not new phenomena for it is as old as the Biblical times. But in the 21st Century where anywhere on any continent can become home if several factors are in place notably, an enabling environment deliberately engineered by forward thinking governments, people would readily move or relocate. And one major outcome of the endsars protests and Lekki massacre has been the obvious migration of upwardly mobile Nigerians (in this particular instance, I am focusing on those with high skillsets and human capital). I have lost count of how many, one has met outside Nigeria and the final trigger for this head-scratching migration of highly skilled category and demography was and still is October 20, 2020.

Now, according to Wikipedia, a remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers’ remittances are a significant part of international capital flows, especially with regard to labour-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.

Due to its large Diaspora and overseas expats population, India consecutively remains the top receiver of remittance, e.g. with US$80 billion in 2018, US$65.3 billion (2.7% of India’s GDP) in 2017, US$62.7 billion in 2016 and US$70 billion in 2014. Other top recipients in 2020 were US$67 billion to China, US$34 billion each to Philippines and Mexico and US$26 billion to Egypt.

Now, Diaspora is the dispersion or spread of any people from their original homeland. It also means to scatter about. Furthermore, the term diaspora comes from an ancient Greek word meaning “to scatter about.” And that’s exactly what the people of a diaspora do. They scatter from their homeland to places across the globe, spreading their culture as they go. Cambridge Dictionary states that Diaspora is a group of people who spread from one original country to other countries.

The Bible refers to the Diaspora of Jews exiled from Israel by the Babylonians. Jews living outside Israel; the dispersion of the Jews beyond Israel. The main diaspora began in the 8th–6th centuries BC.

In a piece written by Adolphus Aletor in the Guardian Nigeria newspaper of Monday, October 18, 2021, titled; “Enough of Nigeria’s Dependence on Diaspora Remittances”, he stated that; “Early this year 2021, the World Bank reported that diaspora remittance in Nigeria for the year 2020 fell to $17bn from $23 in 2019. Analysts attributed the use of alternative platforms powered by blockchain technology, partly, as a reason for the reduction. Since then, the Federal Government has taken steps not only to stabilise the Naira but increase diaspora remittances.”

He furthered stated that, “In 2018, Nigerians abroad sent a total of $25billion representing about 6.1% of Gross Domestic Product that year which made Nigeria second in Africa after Egypt with $28billion. However, recent reports from the World Bank show that in 2019, it dropped to $23.81billion and in 2020, to $17.21billion representing four per cent of Nigeria’s Gross Domestic Product in 2020. In 2020, total international migrants were estimated to be 281million people, that is, 3.6% of the world population out of which about 15 million is touted to be Nigerians. In 2017 alone, about 1.3 million people left Nigeria.”

He stated that, “In 2020, the following five countries came tops globally for remittances inflow; India (83 billion), China (60 billion), Mexico (43 billion), the Philippines (35 billion), and Egypt (30 billion). India has occupied the top position since 2008. According to the World Bank, the decline in inflows to Sub-Saharan Africa was mostly due to a 28 per cent decline in remittance flows to Nigeria. Excluding flows to Nigeria, remittances to Sub-Saharan Africa increased by 2.3%, demonstrating resilience.”

Whilst these figures might cause dizziness, one crystal clear and immaculate truth is that countries appreciate and place high value to diaspora remittances. But this is not where this piece is leading you to. Hold onto your seat belts.

One ramification which isn’t being focused on is that even though a large diaspora community means more remittances back home to a country and more remittances mean more foreign exchange to stimulate an economy, the bigger problem isn’t yet a talking point. Stay with me.

With the events of October 20, 2020 still fresh and still playing in people’s hearts and minds. With the diplomatic placements of some of the main actors of October 2020 and knowing that the international implications of October 20, 2020 would begin to play out in 2023 (after this current administration); what is slowing playing out from the outside is that the diaspora who have the skillsets, human capital and global connections and networks are beginning to migrate their global connections to where the environments are conducive and friendly. In essence, the diaspora who have connections which can translate into foreign direct investments (FDIs) for their ancestral country are moving such potential investors to other peaceful environments and climes. In simple English, FDIs typically need and trust someone or people who is/who are from a certain country or continent and who can give in-depth knowledge about what to do and what not to do. Now, imagine that the diaspora with such high net-worth FDIs, would they member of the diaspora take the FDIs to a place where the system would discredit and tarnish his or her standing credibility which must have been meticulously garnered and painstakingly built for several years? Succinctly put, foreign direct investments (FDIs) supersede diaspora remittances.

Now, here is the real and mighty elephant in the ceramic shop. Anyone who has been observant would realise that for close to a year since 2020 and recently, news items on Nigerian tech start ups are all there for all to read, assimilate and think about. And more of such news would keep on beating into the recollective skulls and eardrums of forward-thinking policy makers on the African Continent and globally in 2022 and beyond. But, October 2020 in Nigeria, was akin to a flick (only that the events were real) shot by Antoine Fuqua but the mindset of diaspora with FDIs’ connections is akin to a Quentin Tarantino TV Series which would stretch way beyond the elections of 2023. Something did happen; something did snap on Tuesday, October 20, 2020 and it finally broke upwardly mobile Nigerians vis-à-vis the meaning of wholehearted patriotism (for more than a decade I have come to the conclusion that patriotism in several countries is a song sung by politicians to their citizens only. But when push comes to shove, the politicians would hum a different hymn and sing a new song.) The evidence can be seen and felt from the outside when you have a Nigerian themed discussion or chitchat with Nigerians or people of Nigerian descent. So, what is the solution? It is to engage in civic responsibilities and politics way before elections begin, so as to elect those who would genuinely serve their respective localities and the citizenry in general.

Again, but something snapped and shifted on that dreadful night of Tuesday, October 20, 2020. The Nigerian Diaspora is taking their potential direct foreign investors elsewhere (for there is a lot at stake, credibility being one of the major factors), to where there is an enabling environment and where there is peace of mind. Present-day pragmatism (you might say). It is what it is.

Dolapo Aina writes from Kigali, Rwanda

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

Attempted Coup: DSS Arraigns Five for Alleged Refusal to Reveal Timipre Sylva’s Hiding Place

Published

on

By

The Department of State Services (DSS) at the Federal High Court in Abuja, arraigned five associates of former Minister of Petroleum Resources, Timipre Sylva.

They are accused of concealing information regarding the whereabouts of their principal, who is alleged to be a financier of an aborted coup attempt against President Bola Tinubu.

Sylva, a former Governor of Bayelsa State, has been declared wanted by the Federal government, and his identified properties have been marked for forfeiture following his indictment as the sponsor and mastermind of the alleged coup plot.

The five associates are Reuben Ayuba, Musa Mohammed, Friday Paul, Paganengigha Anagaha, and Ayebaifife Suobite. They were arraigned on Wednesday before Justice Peter Lifu.

A two-count charge filed against them indicates that the accused became accessories after the fact of felony on April 28, 2026, by concealing the whereabouts of Timipre Sylva, who is classified as a fugitive. The alleged offense is contrary to Section 519 of the Criminal Code Act Law of the Federation of Nigeria, 2004.

Additionally, the DSS has accused them of conspiracy to commit a felony, specifically for concealing the whereabouts of Timipre Sylva, also a fugitive, in violation of Section 516 of the Criminal Code, LFN 2004.

All the accused persons pleaded not guilty to the charges when they were read to them.

DSS lawyer, Emmanuel Orubor, requested that the judge schedule a date for the DSS to commence their trial by calling witnesses to testify against the defendants.

In response, Sunusi Musa (SAN), who represented Reuben Ayuba and Paganengigha Anagaha (the 1st and 4th accused persons), filed a bail application for his clients on various grounds.

Similar applications were made by Ibrahim Imadegbelo, representing Musa Mohammed (the 2nd accused), I. G. Kelubia, standing for Friday Paul (the 3rd defendant), and E. C. Sogo, who argued for Ayebaifife Suobite (the 5th accused person).

The lawyers pointed out to Justice Lifu that their clients have been in custody since October 25, 2025, and urged the court to grant them bail on liberal terms.

In a brief ruling, Justice Lifu granted them bail in the sum of N5 million each, along with two sureties for each, in a similar amount. The sureties are required to swear to an affidavit of means, provide evidence of three years of tax payment, demonstrate visible means of livelihood, and submit recent passport photographs.

Justice Lifu ordered that the claims of identities of the sureties must be verified by the Registrar of the Court.

Pending the perfection of the bail conditions, the Judge ordered that the accused persons be remanded in Kuje Correctional Centre in Abuja and fixed July 22 for the commencement of trial.

Continue Reading

Featured

UBA Reinforces Commitment to Rewarding Customer-Loyalty with N400m Bonus

Published

on

By

UBA Rewards Customer Loyalty with Over ₦400 Million Bumper Account Anniversary Bonus
…Reinforces commitment to rewarding customers for consistent savings
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has rewarded thousands of customers with over ₦400 million in anniversary bonuses under its flagship UBA Bumper Account, reaffirming the Bank’s unwavering commitment to rewarding customer loyalty and promoting a strong savings culture.

The payout, one of the largest loyalty rewards under the Bumper Account initiative since its launch, saw qualifying customers receive anniversary bonuses directly into their accounts, demonstrating UBA’s resolve to create lasting value for customers who consistently save with the Bank.

The UBA Bumper Account is a unique savings product that rewards customers simply for maintaining and growing their savings. Every year an eligible account reaches its anniversary, customers receive a cash bonus, making disciplined saving both rewarding and beneficial over time.
Speaking on the milestone, UBA’s Head, Retail Products, Tomiwa Sotiloye, said the Bank remains committed to ensuring that customers benefit directly from their relationship with UBA.

“At UBA, we believe customer loyalty deserves meaningful recognition. Every bonus paid is our way of saying ‘thank you’ to customers who continue to trust us with their financial aspirations. Surpassing the ₦400 million milestone reflects our commitment to creating products that not only help customers save but also reward them in tangible ways. It is another demonstration that when our customers grow, we grow with them.”

He added that both new and existing customers can open a UBA Bumper Account seamlessly through https://on.ubagroup.com/bumper-tc, any any UBA branch, the UBA Mobile Banking App, by dialing *919#, or online, positioning themselves to qualify for future anniversary rewards.

Also speaking, UBA’s Group Head, Brands, Marketing and Corporate Communications, Alero Ladipo, said the Bank’s customer-centric philosophy continues to shape its product offerings.

“The UBA Bumper Account reflects our unwavering commitment to putting customers first. We deliberately design products that reward responsible financial behaviour while delivering real value. Crediting over ₦400 million directly into customers’ accounts is not just a payout; it is evidence of our promise to make banking more rewarding and to continually appreciate the confidence our customers repose in us.”

The UBA Bumper Account remains one of the Bank’s flagship retail savings products, combining competitive savings benefits, digital convenience and attractive loyalty rewards. It forms part of UBA’s broader strategy to deepen financial inclusion by encouraging sustainable savings habits while delivering exceptional customer experiences.

Continue Reading

Featured

Dele Momodu Leadership Centre Hosts Media Scholar, Prof Abiodun Adeniyi

Published

on

By

By Anjorin Fehintola Stella

We often measure leadership by the institutions people build or the positions they occupy. Yet, during his visit to the Dele Momodu Leadership Centre, Professor Abiodun Adeniyi repeatedly returned to something less visible but perhaps more enduring; the responsibility of documenting one’s life and thoughts. He spoke as someone who understands, at a personal level, what is lost when experience is left unrecorded. His emphasis on documentation was not stylistic advice for writers. It was an argument about memory itself, about how societies retain or lose the wisdom of the people who pass through them.

Ideas disappear when they are undocumented because memory, at the collective level, is fragile and selective. A society does not remember everything that happens within it, it remembers what is written down, repeated, taught, or institutionalised. An undocumented thought, however brilliant, dies with the person who held it, or worse, drifts into vague anecdote, stripped of its original precision. This is why oral cultures, for all their richness, often struggle to transmit complex ideas across generations with fidelity. Professor Adeniyi’s point, then, was not simply about personal record-keeping. History remembers people largely through what they leave behind, not through what they intended to leave behind. Intention without artefact disappears.

When he spoke about travelling, it would be easy to reduce his words to a fondness for movement or exposure. But the deeper claim runs further than that. Travel disrupts familiarity. It exposes individuals to different ways of living, thinking, governing and imagining society. Professor Adeniyi suggested that travelling remains one of the simplest yet most profound forms of education because it broadens not only knowledge but perspective. A person confined to one environment mistakes the local for the universal. Movement across geographies forces a confrontation with alternative logics, alternative arrangements of power, family, and meaning, and that confrontation is often where genuine learning begins.

Perhaps the strongest advice he gave concerned the pursuit of a doctorate. When Aare Dele Momodu spoke of his desire to pursue a PhD, Professor Adeniyi’s response challenged a growing culture in which academic qualifications are sometimes pursued as symbols of prestige rather than vehicles of inquiry. A PhD earned for the title that follows a name produces a credential without a contribution. A PhD earned out of genuine curiosity produces new knowledge and, more importantly, sustains the kind of intellectual restlessness that defines a thinking life. Professor Adeniyi’s counsel was that one should choose a field that strikes them professionally and personally, something that connects to lived purpose rather than social signalling, because the value of advanced study lies in the questions it forces a person to keep asking long after the degree is conferred.

Professor Abiodun did not reserve his counsel for matters of scholarship alone. Turning to the younger staff in the room, Professor Adeniyi offered something closer to reassurance than instruction, that everything they are currently going through, the uncertainty, the striving, the sense of being far from where they hope to be, is a phase both he and Aare Dele Momodu have lived through themselves. It was a reminder that ambition rarely moves on a straight or visible timeline. The goals and dreams that feel distant now are not denied, only delayed, and what stands between the present moment and their fulfilment is simply time and dedication, applied without pause.

 

Underneath all these threads, travel, documentation, the meaning of scholarship, was a single, unifying idea about legacy. Legacy isn’t what people say about you. It’s what remains after you leave. This distinction matters because praise is temporary and circumstantial, shaped by mood, politics, and memory’s natural decay. What remains, however, is structural. It is the book on a shelf, the institution still running, the idea still being taught.

This is where the conversation returned, inevitably, to the Centre itself. The library. The scholars’ rooms. The conversations. The institution. Professor Adeniyi appeared genuinely moved by what he encountered, not by the scale of the buildings, but by what the buildings were designed to hold. Perhaps that is why Professor Adeniyi appeared genuinely moved by the Centre. It was never merely about architecture. It was about permanence. Buildings become legacy only when they preserve ideas.

Every visit leaves footprints. Some are physical. Others are intellectual. Professor Abiodun Adeniyi’s visit left the latter.

Continue Reading

Trending