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The Oracle: Election Funding: Diaspora’s Readiness to Support Obi with $150m

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By Mike Ozekhome

INTRODUCTION

The Peter Obi phenomenon gains momentum and traction by the day. It has become an undeniable surging people’s movement, bought into my many Nigerians, both at home and in the diaspora. Any presidential candidate of any of the other two leading political parties (the APC and PDP) that ignores its essence or down-plays its relevance, does so at his great peril and clear misunderstanding of the current pent-up sentiments by the Nigerian people. President Muhammadu Buhari greatly disappointed most Nigerians, including his most die-hard Buharists and Buharideens. That has led to mass disillusionment, despondency, melancholy, poverty, hopelessness and haplessness amongst majority of Nigerians crying for salvation. Many Nigerians therefore understandably want a change of environment and the inhalation of a breath of fresh air in terms of generational, ethnic, geopolitical, educational and party power shift.

THE INVERVENTION BY NIGERIANS IN DIASPORA

It is with this background that Nigerians in Diaspora on Thursday disclosed their plan to raise a whopping $150 million through crowdfunding, to support Obi’s presidential bid. Is this patriotic step permitted by the Nigerian Constitution and the Electoral Act, the two extant laws that govern expenses that may be incurred by political parties and their candidates? We shall, in this analysis, concentrate only on presidential candidates, Mr Peter Obi, being one.

ELECTION EXPENSES

Section 89(1) of the Electoral Act, 2022 (“the Act”; “the 1922 Act“), defines “election expenses” to mean “expenses incurred by a political party within the period from the date notice is given by the Commission to conduct an election up to and including, the polling day in respect of the particular election”.

The Independent National Electoral Commission (INEC) has already given Saturday, 25th February, 2023, as the date of the Presidential election.

Section 225 (1), (2) and 3 of the Constitution of the Federal Republic of Nigeria, as altered, (“the 1999 Constitution”, broken down in easily assimilable way, simply means that no political party shall be entitled to retain or keep funds sent to it from abroad, but shall, instead, transfer such funds to the Commission (INEC) within 21 days of receiving such money. The political party is also obligated under this section to afford the INEC such information as it may require as regards the transferred funds. Of course, this may include the sources of the funds, their legitimacy, the individual or group donors, how much was contributed by each individual or entity, etc. This therefore will permit the Commission to pierce the veil of the Diasporans’ “crowdfunding”, to determine those actually behind the funds, and determine their legitimacy, or if they contravene the Money Laundering Act and other anti-corruption laws. Be very sure that the EFCC and ICPC will come snooping around.

But, all hope is not lost, as the election expenses to be “incurred by a political party for the management or the conduct of an election shall be determined by the Commission in consultation with the political parties”. This means that even when such Diasporan funds are paid over to the INEC, the political party can engage it as to its peculiar electoral needs and why it may require the entire funds remitted to it from abroad. The penalty for violating this section, especially subsection (3) thereof, which requires a political party to submit  to the Commission, its audited returns within 6 months after an election, is a fine of 1m ,and where the return is inaccurate, a court may  impose a fine of 200,000 per day until the right thing is done.

One way by which the Diasporans may get round this hurdle is by paying the money directly to the candidate himself, rather than the political party. But, can they do this?

This is where other obstacles suddenly spring up. Section 88(1) of the Act provides that “election expenses” shall not exceed the sum stipulated in subsections (2)-(7) of the section. By this provision, the maximum election expenses to be incurred by a candidate at a presidential election shall not exceed N5, 000,000,000….”.(#5 billion naira only).

This is an upward review of the sum of N1 billion allowed under section 91(1) of the 2010 Electoral Act, as amended. By simple arithmetical calculation of today’s official exchange rate of #422.176 to one US dollar, the contribution of $150m by Diasporans amounts to #63, 326, 400, 000 only. This is over #58 billion beyond the permissible limit. And if we use the current black market rate of about #700 to one UD dollar, $150m will amount to #105 billion naira only. This is #100 billion more than the #5b permitted by the 2022 Electoral Act.

Of more concern is subsection (8) of section 88 which provides that “no individual or other entity shall donate to a candidate more than N50, 000,000”. Section 88(9) states that a candidate who knowingly acts in contravention of this section, commits an offence and is liable on conviction to a fine of 1% of the amount permitted as the limit of campaign expenditure under this Act or imprisonment for a term not more than 12 months or both. Also, by subsection (10), any individual who knowingly acts in contravention of subsection (9) above is liable on conviction to a maximum fine of N500, 000 or imprisonment for a term of nine months or both. This is not all. By virtue of subsection (11) of section 88, any Accountant who falsifies, or conspires or aids a candidate to forge or falsify a document relating to his expenditure at an election or receipt of donation for the election or in any way aids and abets the contravention of the provisions of this section commits an offence and is liable on conviction to a fine of N3,000,000 or imprisonment for a term of three years or both.

Indeed, by virtue of section 89(7), “any political party that incurs election expenses beyond the set limit commits an offence and is liable on conviction to a fine of N1m   and forfeiture to INEC the amount by which the expenses exceed the limit set by INEC. While section 90(1) forbids political parties accepting or keeping in its” possession any anonymous monetary or other contribution, gift or property, from any source”, section 90(3) is emphatic that no political party shall “accept any monetary contribution which is more than N50m unless it can identify the source of the money or other contribution to the Commission”. My humble understanding of this provision is that a political party can accept more than N50m once it can identify the source of the money.

In contributing money, our dear Diasporans must ensure that “no individual or other entity shall donate to a candidate more than N50,000,000”; as contravention leads to a fine upon conviction leads to a “maximum fine of 500,000, or imprisonment to a term of 9 months or both”. Similarly, by virtue of section 89(7), “any political party that incurs election expenses beyond the limit set in subsection (2) (of section 89),commits an offence and is liable on conviction to a maximum fine N1m and forfeiture to the Commission, of the amount by which the expenses exceed the limit set by the Commission”.

With these tips, anxious Diasporans who have severally reached me as individuals and groups, for legal guidance and counseling as regards their ability to contribute funds, and the plenitude and amplitude for such contributions, may now know what to do and how to do it. Good luck, all.

FUN TIMES

“Please, mind how you save numbers. I wanted to change the chairs in my sitting room so I went to bedmate furniture. A lady took me round to see what was available. I saw some nice chairs so I then told the lady who is a staff that I will come back. I decided to take her number for follow up. I then saved her number as Joy bedmate. At home the phone rang and madam picked the phone. I don’t know how I got to the place I am now with drips on my hand. I was not given sufficient time to explain that she works at bedmate furniture” – Anonymous.

“At a girl’s college dormitory, dates were permitted only on Saturday night. One young man showed up on a Tuesday evening, explaining to an older woman in the lobby of the dorm that it was imperative he saw a certain young lady immediately. I want to surprise her. You see, I’m her brother. Oh, she’ll be surprised all right, said the woman. But think of how surprised I am! I’m her mother!” – Anonymous.

THOUGHT FOR THE WEEK

“There is no better feeling than doing well while you are doing good. If you really want to meet the nicest, most caring people in your field, get involved with charity work. The thankless hours that go into planning charity dinners, running a carnival, and gathering donations for silent auctions are noticed and appreciated.” (Jay Samit).

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Opinion

Nation Building Reimagined: Integrated Principles and Strategies for Sustainable Growth

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By Tolulope A. Adegoke, PhD

“True nation building is not the work of the state alone, but a harmonious convergence where empowered peoples provide the foundation, innovative corporates generate the momentum, and visionary institutions ensure direction — together forging sustainable prosperity, social cohesion, and enduring national strength for current and future generations” – Tolulope A. Adegoke, PhD

Nation building is a deliberate and continuous process of constructing cohesive, resilient, and prosperous societies capable of realising their full potential. It extends far beyond political structures or state institutions to encompass three interdependent spheres: peoples (individuals and communities), corporates (businesses and private-sector organisations), and nations (governance institutions and the state). When these spheres are strategically aligned through sound principles and practical strategies, they generate all-round exploits — inclusive economic growth, social cohesion, innovation, human flourishing, and global competitiveness.

This comprehensive framework offers actionable guidance for sustaining productive and progressive development. It is grounded in universal principles validated by international development experience, economic history, and governance studies, making it relevant for scholars, policymakers, business leaders, and development practitioners worldwide.

Foundational Principles of Effective Nation Building

Successful nation building rests on six core principles that transcend cultural, geographical, and ideological differences:

Inclusive Human Dignity and Agency — Recognising every citizen as both beneficiary and active architect of national progress through equal opportunity and rights protection.
Institutional Integrity and Rule of Law — Building transparent, accountable institutions that foster trust and predictability.
Economic Dynamism and Shared Prosperity — Promoting broad-based growth that benefits individuals, businesses, and the state simultaneously.
Social Cohesion and Cultural Resilience — Forging unity while respecting diversity to create a shared national identity and purpose.
Adaptive Leadership and Long-Term Vision — Combining strategic foresight with the flexibility to learn and adjust.
Sustainable Resource Stewardship — Balancing present needs with intergenerational equity in environmental and fiscal matters.
These principles provide a universal compass for development, as evidenced by cross-national data from the World Bank’s Worldwide Governance Indicators and the UNDP Human Development Reports.

 

Core Strategies Across the Three Spheres

For Peoples (Individuals and Communities): Nation building begins with empowering citizens. Key strategies include universal access to quality education and skills development, robust health and social protection systems, community-driven development programmes, and targeted initiatives for youth and women empowerment. These efforts enhance social mobility, reduce vulnerability, and foster active civic participation.

For Corporates (Businesses and Private Sector): Corporates serve as the primary engine of wealth creation and innovation. Effective strategies involve creating an enabling business environment, promoting public-private partnerships, enforcing strong corporate governance and ethical standards, and implementing talent development and local content policies. When supported appropriately, the private sector generates jobs, technological advancement, and tax revenues that fuel broader development.

For Nations (State Institutions and Governance): The state provides the overarching framework for progress. Strategies include institutional reform and capacity building, decentralisation for better responsiveness, evidence-based policy making, and strategic regional and global integration. Strong institutions ensure equitable rules, policy continuity, and effective service delivery.

Sustaining Progressive Growth in Nigeria

In Nigeria, this integrated framework offers a practical pathway to convert demographic and natural endowments into sustained prosperity. At the peoples’ level, investments in education, health, and skills development can transform the large youth population into a productive demographic dividend. For corporates, policy predictability, infrastructure development, and public-private partnerships can drive diversification beyond oil into agriculture, manufacturing, and digital services. At the national level, institutional reforms, anti-corruption measures, and evidence-based governance would reduce policy inconsistency and enhance public trust.

When these elements reinforce one another, Nigeria can achieve higher productivity, reduced poverty, greater social cohesion, and improved global competitiveness — creating a virtuous cycle of inclusive growth.

Advancing Development in West Africa

Within the ECOWAS region, the framework supports deeper integration and collective resilience. Strategies for social cohesion help address cross-border challenges such as irregular migration, climate impacts, and youth unemployment. Corporate-focused approaches encourage intra-regional trade and industrialisation through harmonised policies and stronger value chains. Institutional strategies promote policy coordination, joint humanitarian response, and shared security mechanisms.

By applying this model, West African countries can move from fragmented national efforts toward coordinated regional progress, enhancing food security, energy access, and economic competitiveness while building resilience against external shocks.

Driving Continental Transformation in Africa

Across Africa, the principles and strategies align closely with the African Union’s Agenda 2063 and the African Continental Free Trade Area (AfCFTA). Sustainable resource stewardship helps convert natural wealth into long-term human and infrastructure investments. The corporate strategies support regional value chains and industrialisation, while institutional reforms strengthen governance and reduce trade barriers.

When implemented continent-wide, this approach fosters inclusive industrialisation, technological advancement, and reduced external dependency — positioning Africa as a major driver of global growth in the 21st century.

Global Relevance and Contribution

On the global stage, the framework provides timely lessons for both developed and developing nations navigating technological disruption, climate change, and rising inequality. The emphasis on shared prosperity and social cohesion offers pathways to mitigate polarisation. The integration of corporates as development partners demonstrates how private-sector innovation can serve public goals. Institutional strategies of adaptive leadership and evidence-based policy making are universally applicable in managing complex transnational challenges.

Nations adopting this model contribute to global stability by reducing conflict drivers, enhancing food and energy security, and participating constructively in multilateral systems. In this way, the framework supports the United Nations Sustainable Development Goals and helps build a more equitable and resilient world order.

Conclusion: A Practical Pathway to Enduring Progress

The principles and strategies of nation building presented here constitute a balanced, interconnected discipline capable of sustaining productive and progressive growth across multiple scales. For Nigeria, they chart a course from potential to performance. For West Africa, they strengthen regional solidarity. For Africa, they accelerate continental transformation. And for the global community, they offer practical wisdom for building fairer, more stable societies.

True nation building succeeds when peoples, corporates, and state institutions reinforce one another in a virtuous cycle. Its greatest strength lies in this holistic integration — recognising that sustainable development requires empowered citizens, innovative enterprises, and effective governance working in harmony.

In an increasingly interdependent world, embracing these principles with consistency, courage, and collective ownership is not merely beneficial but essential. Nations and regions that do so will unlock enduring prosperity, resilience, and a respected place in the global community. The framework provides both the vision and the practical tools needed to turn potential into lasting achievement for current and future generations.

Dr. Tolulope A. Adegoke, AMBP-UN is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, and resilient nation-building, and global peace. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com

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Opinion

Dear CDS, NSA, Your Prodigal Sons, Brothers Have Killed General Braimah

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By Eric Elezuo

Almost five months since the yet to be explained killing of Brigadier General Musa Uba, another high ranking military officer, another Brigadier General, has been unlived. He was Brigadier General Oseni Omo Braimah, Commander of 29 Task Force Brigade Operation Hadin Kai, Maiduguri Borno State.

The sadness that followed the brutal killing of the Brigade Commander, can almost be touched, dear Nigerians, with special reference to the National Security Adviser, Mallam Nuhu Ribadu, and his counterpart, the Chief of Defense Staff, General Olufemi Oluyede. These men, have at separate fora concassed for the kid gloves handling of terrorism activities, and terrorists.

Ribadu, it was, that asked that they be rehabilitated as they are ‘our brothers. Oluyede echoed the stand, saying the terrorists was equated to the biblical prodigal son, and therefore should be received with open hands. This he said to justify his latest ‘Operation Safe Corridor’, designed to welcome ‘repentant’ terrorists and bandits, and have them reintegrated into the society.

It is still these touted same brothers, and prodigal sons that overran a military base in Benisheikh, reportedly killing 18 soldiers including the Brigadier General. According to the Army, however, the number of deaths was overhyped, claiming that only two officers and two other soldiers were killed in the battle they said the military had the upper hand, and auccessfully repelled the assailants and maintained their positions.

Much as the military agreed that they lost four soldiers, they have failed to produce casualties, or even speak on the number, from the terrorists side, in a battle they said they had the upper hand. It’s still had to believe, only that the prodigal sons and brothers snuffed the life of a general, and according to reports, he was caught like a sitting duck.

The prodigal sons with the ‘brothers’ did not stop there; they proceeded to kill Forest Guard Commander and five others in Kwara, just as they mercilessly hacked to death eight members of the same family in Bokkos, Plateau. The list is endless. Of prodigal sons and brothers. Thanks to the NSA and the CDS.

Someone once said that that the only mercy a terrorist or bandit deserve is the mercy of God. And it is the duties of the authority to send them to God for such mercy.

Why do we keep handling merciless killers with kid gloves, and turn around to call them sons and brothers. They in turn, are only looking for opportunity to strike again.

These people have gone from being brothers to becoming animals, very dangerous and ugly beasts that have lost the capacity to show, and so should not be shown any mercy caught.

Dear NSA and CDS, you muat understand that these people have been extremely radicalised, and can no longer fit into the society of sane beings, and therefore, should be put away permanently. We can’t continue to safe corridor to experiment with the lives of Nigerians. No bandit or terrorist is worth rehabilitating, talk less of being integrated into the military. Whoever does that is complicit, and should be treated as an enemy of the Nigerian state.

The NSA and the CDS should begin now to revisit everyone they have ever pardoned or reintegrated into the society for they are part of our problem. They are culpable.

General Uba died saraa, as we say in our local parlance. We should let Braimah die saraa. We must not allow this irresponsibility happen again. I’m not borrowing any words from the president because all his words appear empty, while Nigerians continue in droves, even when the country is not really at war.

Time to jettison this brother, cousin, prodigal son rubbish, and deal decisively with terrorists and bandits.

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Opinion

Ovation @30: A Triumph of Vision, Courage and African Excellence

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By Dr. Sani Sa’idu Baba

There is an African proverb that says, “However long the night, the dawn will surely break.” No story embody this truth more powerfully than that of Chief Dele Momodu and the remarkable rise of Ovation International. Founded in April, 1996 at the height of the Sani Abacha regime, Ovation was born not out of comfort, but from adversity. In forced exile in London, faced with uncertainty and hardship, Momodu chose not to surrender to circumstance but to challenge it, daring to create a global lifestyle magazine at a time when Africa’s image was largely defined by negativity.

From that improbable beginning emerged a publication that would go on to redefine how Africa is seen by the world. Ovation introduced a different narrative, one of elegance, achievement, culture, and pride, documenting African success stories with unmatched consistency. At a time when global media often overlooked the continent’s brilliance, Ovation boldly projected it, celebrating milestones, personalities, and cultures across Africa and its diaspora. It became a powerful cultural bridge, connecting cities and continents while showcasing an Africa that is vibrant, accomplished, and globally relevant.

Over the past three decades, Ovation has not merely reported stories, it has shaped destinies and elevated generations. It has provided a platform for emerging talents in entertainment, business, and public life, often spotlighting individuals long before they attained global recognition. Its influence extended beyond storytelling into economic and social impact, creating employment for thousands across journalism, photography, real estate, design, and event production, while also setting new standards in lifestyle media, enterprenership and event documentation. Long before the rise of digital platforms, Ovation was already global, distributing African excellence to audiences around the world and strengthening the connection between Africa and its diaspora.

Through changing times and technological revolutions, Ovation International has remained consistent in quality, bold in vision, and authentic in purpose. Its ability to evolve without losing its identity is a testament to its strength as not just a magazine, but an enduring institution. Today, as it marks 30 years of impact, it stands as one of Africa’s most influential media platforms, one that has significantly contributed to reshaping global perception and asserting Africa’s place in the world.

This milestone is a celebration of resilience, vision, and legacy. It is a tribute to the pride of Africa Chief Dele Momodu, whose courage transformed hardship into history, and whose dream once considered unrealistic became a continental force. It is also a celebration of the entire Ovation family, whose dedication over the years has sustained and expanded this vision. Thirty years on, Ovation is not just a witness to Africa’s story, it is one of its most powerful storytellers.

A big thank you to Chief Dele Momodu for proving long ago that Africa is not synonymous with bad news, and congratulations on three decades of excellence proof that when the dawn finally comes, it can illuminate the world.

Dr. Sani Sa’idu Baba writes from Kano, and can be reached via drssbaba@yahoo.com

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