Opinion
Ekweremadu’s Sand Castles
The wind has revealed the underbelly of Senator Ike Ekweremadu, who was a three-time Deputy Senate President. It was as if someone moved the Lynchpin of his house of cards, considering his ongoing travails in the organ harvesting saga, and now the interim forfeiture of 40 property scattered across the world. Indeed, he deserves our pity, but he should also welcome our scrutiny since he is a public servant. Before he became embroiled in the unsavoury organ harvesting saga that has placed him and his wife behind bars in the United Kingdom, he must have seen a sign in the sky that a storm was brewing. And, this sign in the sky was none other than the 2016 report, titled: ” Dubai Property, An Oasis for Nigeria’s Corrupt Political Elites.’
The report was published by Carnegie Endowment for International Peace. Primary dataset for the report was gathered from a compilation by UAE-based real estate and property professionals. The dataset also referred to as the ‘Sandcastles data’ linked prominent Nigerian politicians to 800 Dubai property worth N164 billion as of 2020. As it turns out, Atiku Bagudu and Ike Ekweremadu made a great showing. However, the report also listed about 20 former and serving governors, seven former and serving Senators, current and former heads of ministries, departments, and agencies of government, and a host of many others are owning chunks of Dubai property.
A fortnight ago, a Federal High Court sitting in Abuja granted the request of the Economic and Financial Crimes Commission (EFCC) for interim forfeiture of about 40 landed property believed to have been allegedly acquired with the proceeds of corruption. The affected property include 10 property in Enugu, 15 in Abuja, nine in Dubai, three in the United States, and two in the United Kingdom. The chicken has indeed come roost for the embattled Senator. At this point, we cannot say for sure where the pendulum of justice will swing, especially considering the fact that the Senator has been incarcerated in the UK since June 23. Some might even question the EFCC’s rationale for pursuing this line of action at a time when the person in question is unable to marshal a proper defence.
I also have my suspicions, but that is a story for another day. But my concern here is Senator Ekweremadu’s vanity. If it is true that these 40 properties are expressly owned, or connected one way or the other to Senator Ekweremadu, it sends a very wrong message to hard working Nigerians scraping to make a living. We all know that the salary and allowances of a Nigerian Senator is public knowledge. Therefore, it is very easy for every interested Nigerian to do a simple assessment to show how impossible it is to own such a humongous volume of real estate with a senator’s salary.
For instance, the 2016 report revealed that Ekweremadu was connected to eight property in Dubai, with an estimated total value of $7 million. The report also linked the Senator to two properties in the UK purchased between 2008 and 2011 with an estimated value of £4.2 million. So, what has he been doing with all of them, when the richest man in Africa, Aliko Dangote, has no house outside of Nigeria?Aliko Dangote can afford to own a property in any part of the world, yet, he is not fascinated by vanity. The multi-billionaire made his counterintuitive posture at the 2019 Mo Ibrahim Foundation. According to him, luxury items distract and take time. He said: “I don’t have any holiday home anywhere. I don’t have a house anywhere but I know people who are working for me…they have houses in London.”
“But you see, a lot of people, even the younger ones, we need to be very careful because one of the biggest issues with us as Africans is that we spend our projected incomes. “Once you start doing business [and] it starts doing well, but rather than for you to invest more in the business, you start spending thinking that profit will continue to come. “There are ups and downs in business so you need to be very focused.” During a thanksgiving service and award ceremony at St. Bartholomew’s Anglican Church, Asata, Enugu, in 2013, the (then) Governor of Anambra State, Peter Obi echoed the same sentiment when he lamented the level of greed among political officeholders in Nigeria.
He bemoaned the situation where public officeholders use public funds to amass wealth, meanwhile, the masses are allowed to stew in abject poverty. He said, “The level of greed in Nigeria is overwhelming, where people can’t see the suffering of other people, they are just accumulating wealth. For me, it is time to go. “I wonder why one person should own houses in Ikoyi, Asokoro, Dubai and he is not using them for anything. People accumulate what they don’t need. It is madness. The level of greed in Nigeria is intolerable.” But the Senator is about to lose 40 properties worth several millions of dollars, while his Constituency is littered with abandoned and uncompleted projects.
It is unfortunate that the Senator is currently detained in the United Kingdom till his organ harvesting case is called up in January 2023, if not, Nigerians would have loved to hear from him how he was able to acquire all these properties.
Because, even if he took his salary of N1.5 million, plus the N13 million allocated to him for the running of his office, it is still a paltry sum compared to the value of any one of the property owned abroad. While Nigerian entrepreneurs are looking for every avenue to finance and grow their businesses here in Nigeria, Ekweremadu and his colleagues have been busy with illicit financial flows. They are the reason why we are having a forex crunch that continues to shred the value of the Naira. Just last week, the Naira was exchanged for almost N900 to a dollar in some quarters, but these politicians care for nothing, except themselves. By the way, how many rooms does someone who owns nine properties in Dubai sleep in, a night? Or how much does the Senator pay as tax for his property in the UK? Meanwhile, the Federal Medical Centre in Enugu is in dire need of medical equipment.
What if the Senator built a world-class hospital in his community with the money he invested in Dubai? Besides, how many CT Scan machines are there in the whole of Enugu State? What about the primary and secondary schools in his constituency? Can we begin to imagine what changes he could have brought to the school system in Enugu State? I pity him, but his people deserve better, not only in his legislative abilities but also in his standing as a paragon of integrity. His failure in this regard is a signal specimen of the plague ravaging and inebriating the South-East.
As for Senator Ike Ekweremadu, if indeed these property are his, how I wish he spent the money investing in infrastructure, education, and health in his Constituency. Sadly, his colleagues may never take a cue from his misadventure, most would say, it cannot happen to me. But, Nigerians hope to see the long arm of the EFCC dealing with other politically exposed persons on the Sandcastle data in the same manner.
By: Raphael Pepple
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