Opinion
Where Are The Recovered Funds?
The story of recovered looted funds is no longer new in Nigeria. At various stages, huge amounts have been announced as either stolen, looted or recovered. During the immediate past regime of President Goodluck Jonathan, humongous sums were reportedly recovered , especially from the Abacha stash.
As he was canvassing for electorate’s vote in 2015, President Muhammadu Buhari made the issue of looted funds a campaign point , promising to make known any amount recovered and the culprits.
In line with that promise , one year into his regime, the Federal Government announced the recovery of a whopping sum of N3.4 trillion in cash and assets from looters in the country in one year.
Subsequently, there has been other looted fund recoveries from political office holders and other top personalities in the country. Just a few weeks ago , the Minister of Information and Culture, Alhaji Lai Mohammed , disclosed that the sum of $151 million and N8 billion looted funds were recovered from three sources through the whistle blowing policy recently introduced by the Ministry of Finance. That excludes the $9.2 million cash recently recovered from a former General Managing Director of NNPC, Andrew Yakubu.
The sweeping recoveries that the Economic and Financial Crimes Commission (EFCC) claims to have been making since the introduction of the whistle-blowing policy is mind- blowing.
To think that such reckless stealing has been going on in a country that claims to have laws and order, yet there is hardly any successful prosecution, not to talk of conviction, is simply incredible. In other civilized clime, many of the culprits would have been facing the wrath of the law by now.
But ours is a country where conscienceless opportunistic elite after stealing the states and the nation blind are welcomed with parties and state banquets. Ours is a nation where you can amass a lot of wealth by exploiting the power conferred on you by your office and you will be applauded, whereas an ordinary person caught stealing a goat spends years in prison. Let’s leave the discussion on this gross injustice for another day and come back to the issue of the claimed recovered funds.
However, one finds it a bit worrisome that despite the huge sums said to have been recovered, the economy of the country is still in a very bad shape; poverty continues to ravage the land. We still hear the Federal Government seeking loans from international lenders including the World Bank and the African Development Bank to meet budget shortfalls and fund badly needed infrastructural projects.
One must not be an expert in economics to reason that if you claim to have over 3.4 trillion naira, there is no justification for borrowing 2.2 trillion, an amount far below what you have.
The question then is, where are the recovered funds? Is the recovery a mere propaganda as many people have insinuated? Last year, the Chairman, Presidential Advisory Committee Against Corruption, Prof Itse Sagay disclosed that despite recovering stolen Nigerian money, President Buhari might not be able to spend the monies on urgent needs of the country until all legal bottlenecks surrounding the recovered funds are permanently resolved.
How long will it take for these bottlenecks to be sorted out? Eternity? The truth is that Nigerians legitimately deserve to know how the Federal Government had spent or intends to spend the recovered monies.
Should the government have sufficient reasons not to plough the recovered loot into the budget as has been severally suggested , why not invest it in non-oil revenue generating sectors of the economy, particularly the agricultural and solid mineral sectors, which are the key areas needed to drive the economy and create jobs for the teeming populace?
Today, Nigeria has become a dumping ground for all kinds of edible commodities from all parts of the world, including packaged garri from India. I’m sure the $9.2 million recovered from Yakubu can turn around the agriculture sector and save us from this shame.
What about building world class hospitals, equipping our schools, empowering small scale industries with part of the recovered loots? Certainly, the power sector will witness a massive improvement if a reasonable percentage of these monies is genuinely invested in it. Indeed the recovered fund is enough to revamp the economy if properly and sincerely utilized.
Apart from using the recovered funds to turn things around in the country, one thinks it is high time the government began the arduous task of putting in place institutional frameworks that will discourage corruption.
Andrew Yakubu said the $9.2m found in his house came as gifts from people. Painfully, that might be true because the system made it possible.
I allign with some analysts who say that corruption will always thrive in a system that deliberately prices essential , scarce commodities like petroleum products below market prices. The mess currently going on with the CBN forex policy will also soon explode by the fullness of time. The operators know that the system is faulty and they are happily manipulating it.
Most importantly, as long as those involved in the primitive, mindless looting of the treasury continue to go scot- free, we will continue to have more of such looting and the country will go down for it .
Calista Ezeaku
Opinion
Wike VS Soldier’s Altercation: Matters Arising
The events that unfolded in Abuja on Tuesday November 11, 2025 between the Minister of the Federal Capital Territory, Chief Nyesom Wike and a detachment of soldiers guarding a disputed property, led by Adams Yerima, a commissioned Naval Officer, may go down as one of the defining images of Nigeria’s democratic contradictions. It was not merely a quarrel over land. It was a confrontation between civil authority and the military legacy that still hovers over our national life.
Nyesom Wike, fiery and fearless as always, was seen on video exchanging words with a uniformed officer who refused to grant him passage to inspect a parcel of land alleged to have been illegally acquired. The minister’s voice rose, his temper flared, and the soldier, too, stood his ground, insisting on his own authority. Around them, aides, security men, and bystanders watched, stunned, as two embodiments of the Nigerian state clashed in the open.
The images spread fast, igniting debates across drawing rooms, beer parlours, and social media platforms. Some hailed Wike for standing up to military arrogance; others scolded him for perceived disrespect to the armed forces. Yet beneath the noise lies a deeper question about what sort of society we are building and whether power in Nigeria truly understands the limits of its own reach.
It is tragic that, more than two decades into civil rule, the relationship between the civilian arm of government and the military remains fragile and poorly understood. The presence of soldiers in a land dispute between private individuals and the city administration is, by all civic standards, an aberration. It recalls a dark era when might was right, and uniforms conferred immunity against accountability.
Wike’s anger, even if fiery, was rooted in a legitimate concern: that no individual, however connected or retired, should deploy the military to protect personal interests. That sentiment echoes the fundamental democratic creed that the law is supreme, not personalities. If his passion overshot decorum, it was perhaps a reflection of a nation weary of impunity.
On the other hand, the soldier in question is a symbol of another truth: that discipline, respect for order, and duty to hierarchy are ingrained in our armed forces. He may have been caught between conflicting instructions one from his superiors, another from a civilian minister exercising his lawful authority. The confusion points not to personal failure but to institutional dysfunction.
It is, therefore, simplistic to turn the incident into a morality play of good versus evil.
*********”**** What happened was an institutional embarrassment. Both men represented facets of the same failing system a polity still learning how to reconcile authority with civility, law with loyalty, and service with restraint.
In fairness, Wike has shown himself as a man of uncommon courage. Whether in Rivers State or at the FCTA, he does not shy away from confrontation. Yet courage without composure often feeds misunderstanding. A public officer must always be the cooler head, even when provoked, because the power of example outweighs the satisfaction of winning an argument.
Conversely, soldiers, too, must be reminded that their uniforms do not place them above civilian oversight. The military exists to defend the nation, not to enforce property claims or intimidate lawful authorities. Their participation in purely civil matters corrodes the image of the institution and erodes public trust.
One cannot overlook the irony: in a country where kidnappers roam highways and bandits sack villages, armed men are posted to guard contested land in the capital. It reflects misplaced priorities and distorted values. The Nigerian soldier, trained to defend sovereignty, should not be drawn into private or bureaucratic tussles.
Sycophancy remains the greatest ailment of our political culture. Many of those who now cheer one side or the other do so not out of conviction but out of convenience. Tomorrow they will switch allegiance. True patriotism lies not in defending personalities but in defending principles. A people enslaved by flattery cannot nurture a culture of justice.
The Nigerian elite must learn to submit to the same laws that govern the poor. When big men fence off public land and use connections to shield their interests, they mock the very constitution they swore to uphold. The FCT, as the mirror of national order, must not become a jungle where only the powerful can build.
The lesson for Wike himself is also clear: power is best exercised with calmness. The weight of his office demands more than bravery; it demands statesmanship. To lead is not merely to command, but to persuade — even those who resist your authority.
Equally, the lesson for the armed forces is that professionalism shines brightest in restraint. Obedience to illegal orders is not loyalty; it is complicity. The soldier who stands on the side of justice protects both his honour and the dignity of his uniform.
The Presidency, too, must see this episode as a wake-up call to clarify institutional boundaries. If soldiers can be drawn into civil enforcement without authorization, then our democracy remains at risk of subtle militarization. The constitution must speak louder than confusion.
The Nigerian public deserves better than spectacles of ego. We crave leaders who rise above emotion and officers who respect civilian supremacy. Our children must not inherit a nation where authority means shouting matches and intimidation in public glare.
Every democracy matures through such tests. What matters is whether we learn the right lessons. The British once had generals who defied parliament; the Americans once fought over states’ rights; Nigeria, too, must pass through her own growing pains but with humility, not hubris.
If the confrontation has stirred discomfort, then perhaps it has done the nation some good. It forces a conversation long overdue: Who truly owns the state — the citizen or the powerful? Can we build a Nigeria where institutions, not individuals, define our destiny?
As the dust settles, both the FCTA and the military hierarchy must conduct impartial investigations. The truth must be established — not to shame anyone, but to restore order. Where laws were broken, consequences must follow. Where misunderstandings occurred, apologies must be offered.
Let the rule of law triumph over the rule of impulse. Let civility triumph over confrontation. Let governance return to the path of dialogue and procedure.
Nigeria cannot continue to oscillate between civilian bravado and military arrogance. Both impulses spring from the same insecurity — the fear of losing control. True leadership lies in the ability to trust institutions to do their work without coercion.
Those who witnessed the clash saw a drama of two gladiators. One in starched khaki, one in well-cut suit. Both proud, both unyielding. But a nation cannot be built on stubbornness; it must be built on understanding. Power, when it meets power, should produce order, not chaos.
We must resist the temptation to glorify temper. Governance is not warfare; it is stewardship. The citizen watches, the world observes, and history records. How we handle moments like this will define our collective maturity.
The confrontation may have ended without violence, but it left deep questions in the national conscience. When men of authority quarrel in the open, institutions tremble. The people, once again, become spectators in a theatre of misplaced pride.
It is time for all who hold office — civilian or military — to remember that they serve under the same flag. That flag is neither khaki nor political colour; it is green-white-green, and it demands humility.
No victor, no vanquish only a lesson for a nation still learning to govern itself with dignity.
By; King Onunwor
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