Editorial
Before The $20bn Probe
Following reports that the President-elect, Gen. Muhammadu Buhari will revisit the infamous “missing $20billion” case arising from the operations of the Nigeria National Petroleum Corporation (NNPC), Nigerians have raised more questions on the in-coming government’s agenda for corruption.
While it will be safe to state that the average Nigerian wants to see the end to the mindless looting of the economy, especially by those in high public offices, the interpretation of the statement of Gen. Buhari as a political vendetta is most regrettable, even when the timing may not be agreeable.
We want to believe that the time for hate speeches that characterised the electioneering is gone for good. Besides, corruption is too important a subject to be politicised. Corruption is a subject that must be addressed at all levels, but like some parasites it must be treated with care otherwise even the host can die with it.
The former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi raised the alarm over some missing funds in the transactions of the NNPC. When the amount alleged changed from the initial $40billion to $10billion, the validity of the allegation became suspect in many quarters.
Following the heated debate on the subject, the Federal Government of Nigeria set up a forensic audit on the finances of the NNPC. The foreign auditors, PricewaterhouseCooper (PwC), came up with a report that led to the order for NNPC to refund the sum of $1.48billion which the NNPC said was un-remitted crude oil revenue with its subsidiary, NPDC.
Even when the NNPC had started making payments in that respect, some persons have continued to fault the PricewaterhouseCooper report. That the in-coming administration could also not wait to take over before dealing with the subject also worries some Nigerians.
As the plan to revisit the issue continues to fuel public discourse, very little details of the PricewaterhouseCooper report is available as it had not been made public. Also asking for confirmation is whether the said $20billion was part of the PwC report among others.
Other issues raised by the narrative include and not limited to the scope of the intended probe. In specific terms, Nigerians want to know whether it is only the $20billion fraud that should be probed. Also asked is whether only the Jonathan administration is to be probed or others are to be included too.
The Tide, however, agrees with some persons that said the in-coming administration promised ‘change’ and that going into probe can only take the country many years behind, build bad blood and keep some persons away from the government, where all hands will be required to be on deck to bail out the country.
The fact is that Nigeria is a corruption endemic nation and the plan to deal with corruption should not be selective nor be perceived to be politically motivated. Corruption is not only about persons that steal money, but all the acts that deny this country of its due peace and progress.
In addition to the constitution and the administrative delineation of the country, some other factors like public sector workers salaries simply encourage corruption. It is even canvassed that anyone that claims to be free of corruption may not be telling the whole truth.
While the saying by Winston Churchill that the further backward one goes into the past prepares him for the future, is still valid, it is not in all cases. Nigeria will change for the better when the people see the need for it.
Before the in-coming government embarks on any probe it must be clear on what it hopes to achieve. The government must be prepared to deal with its own members and stand or allow the sleeping dog to lie. The change Nigerians voted for is to start this year and not from the past.
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