Editorial
Federal Account And Unremitted Funds
One of the most vicious impediments
to true democracy is the lack of ac
countability among those depended upon to manage public resources. And because it is rooted in Nigeria’s culture of impunity, the people’s right to ask questions and get answers from their governments have been subverted near frequently.
This scenario makes non-sense of any claim to or actual fight against corruption, because not only does it regularly shield culprits, it encourages the diversion of public resources to private uses. It is to avoid this that well-meaning Nigerians and civil society groups have continued to raise vital questions about the propriety of Nigerian government’s claim to fighting corruption.
In his last days as Governor of Central Bank of Nigeria Sanusi Lamido Sanusi blew the whistle about missing funds from the Federation Account. Although his figures changed from an initial 47 million dollars to 20 million dollars and then 10 million dollars, the general public believed that something must be potentially wrong with the system and demanded answers from the Nigeria National Petroleum Corporation (NNPC), the government agency at the centre of the drama.
Amidst denials by the NNPC, the National Assembly (NASS) waded into the matter with a view to ascertaining among others, how much money was truly missing, identify culprits, if any, and recommend how to recover such missing funds.
In the end however, the Upper Chamber of the NASS, the Senate said that it found out that no fund was missing from the Federation Account, but that some accruals were yet to be remitted to the Federation Account. This inadvertently confirms financial indiscipline on the part of corporate bodies and individuals depended upon to remit funds to the Federation Account as and when due.
We think that Nigerians have a right to know exactly how much of such public funds are yet to be remitted, by whom and why? It is also necessary to know what steps have been taken to ensure remittance of such funds and put in place further checks that would prevent any repeat.
These demands have become necessary if Nigeria is to make any headway in the battle against corruption in government and help address the country’s fluctuating fortunes. With daily dwindling resources, such loopholes ought to be sealed and necessary safeguards put in place to discourage financial impropriety.
Rather than toe the familiar path of corporate indifference to burning public concerns, The Tide expects the Senate to not only make public its findings, but also name culprits and recommend sanctions, if and where necessary or if all key actors in the drama are innocent, declare as such, in clear terms.
For now, the Senate’s conclusion that funds were not missing but not remitted further compounds public confusion over the initial alarm. And unless proper information and education are advanced, it will continue to create crisis of confidence between the people and government.
On its part, the Federal Government must make efforts to address the issues raised by the former CBN Governor, notwithstanding the disparity in figures. The first possible step would be to properly streamline the responsibilities of the NNPC and other auxiliary groups and insist on timely remittance of funds accruing to the nation.
Such arrangement must be transparent so that it does not leave the nation’s Apex bank, the CBN guessing. That way, Nigerians will better appreciate the circumstances surrounding the non-remittance of funds that tended to heat-up the polity and avoid making wrong conclusions.
It will also make the citizenry better informed on government programmes and projects and that way, help build the people’s confidence in government.
A citizenry that lacks confidence in its government cannot be depended upon to help tackle corruption and contribute meaningfully to national discuss and development. Only transparency, accountability and quick response to national concerns will help build that confidence, and deepen democracy.
Editorial
NCC, Save Nigerians From Exploitation
Editorial
WPFD: Nigeria’s Defining Test
Nigeria stands at a critical juncture as the world marked World Press Freedom Day (WPFD) on May 3. This annual observance is a reminder that a free press is central to democratic life, good governance, and public accountability. For Nigeria, it is also a moment for sober reflection on how far the country has come and how far it still has to go in safeguarding the independence of its media.
World Press Freedom Day exists to highlight the fundamental importance of freedom of expression and to honour journalists who risk their lives in pursuit of truth. It underscores the idea that without a free press, societies cannot function transparently, nor can citizens make informed decisions. In countries like Nigeria, where democracy continues to evolve, the observance carries particular urgency.
This year’s theme, “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security”, places journalism at the heart of global stability. It emphasises that a peaceful society cannot be built on silence, fear, or manipulated information. Rather, it depends on the free flow of accurate, timely, and independent reporting.
At its core, the theme highlights the role of journalism in fostering accountability, dialogue, and trust. These are not abstract ideals. In Nigeria, where public confidence in institutions is often fragile, the media remains one of the few platforms through which citizens can question authority and demand transparency. When press freedom declines, so too does public trust.
Journalism serves as a foundation for peace, security, and economic recovery. Countries with robust media systems tend to attract greater investment, maintain stronger institutions, and resolve conflicts more effectively. Nigeria’s economic challenges, ranging from inflation to unemployment, require open scrutiny and informed debate, both of which depend on a free press.
However, the issue of information integrity has become increasingly complex in the digital age. Artificial Intelligence (AI) and online platforms have amplified the spread of misinformation and disinformation. In Nigeria, where internet penetration has grown rapidly, false narratives can travel faster than verified facts. This makes the role of credible journalism more vital than ever.
The challenge is not only technological but also ethical. AI-driven manipulation of information threatens to distort public discourse, influence elections, and deepen social divisions. In such an environment, professional journalism must act as a stabilising force, ensuring that truth prevails over sensationalism and propaganda.
Equally troubling is the safety of journalists. Across Nigeria, reporters face growing levels of online harassment, judicial intimidation, and physical threats. Self-censorship is becoming more common, as media practitioners weigh the risks of reporting sensitive issues. This trend undermines the very essence of journalism.
A particularly alarming incident involved a serving minister in the present administration, who openly threatened to shoot a journalist during a televised exchange. Such conduct, broadcast to the public, sends a dangerous signal that hostility towards the press is acceptable. It erodes the norms of democratic engagement and places journalists in harm’s way.
This year’s theme aligns closely with the United Nations Sustainable Development Goal (SDG)16, which promotes peace, justice, and strong institutions. Freedom of expression is a cornerstone of this goal. Without it, institutions weaken, corruption thrives, and justice becomes elusive. Nigeria’s commitment to SDG 16 must therefore include genuine protection for the media.
Historically, the Nigerian press has been a formidable force. From resisting colonial rule to challenging military dictatorships, our journalists have played a central role in shaping the nation’s political landscape. Today, however, that legacy appears to be under strain, as the media operates under what can best be described as a veneer of freedom.
Beneath this facade lies a troubling reality. Journalists are routinely harassed, detained, and prosecuted for performing their constitutional duties. Reports from media watchdogs indicate that dozens of Nigerian journalists face legal threats or arrest each year, often for exposing corruption or criticising those in power.
The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 has become a focal point of concern. Originally intended to combat cyber threats, it has increasingly been used to silence dissent. Sections 24 and 27(1)(b), in particular, have been invoked to target journalists, bloggers, and social commentators.
Although amendments introduced in February 2024 were meant to safeguard journalists, concerns persist. The law continues to be wielded in ways that stifle investigative reporting and restrict freedom of expression. Legal reforms must go beyond cosmetic changes to address the root causes of misuse.
To safeguard the future of journalism in Nigeria, decisive action is required. The Cybercrimes Act must be revisited to ensure it cannot be weaponised against the press. Law enforcement agencies must operate free from political influence, upholding the rule of law and protecting journalists’ rights. Civil society and international partners must also strengthen independent media through funding, training, and platforms for wider reach.
In this rapidly evolving world shaped by artificial intelligence and digital innovation, Nigeria faces a clear choice. It can either allow press freedom to erode under pressure, or it can champion a truly independent media landscape. The path it chooses will determine not only the future of journalism, but also the strength of its democracy and the peace it seeks to build.
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