A whole new perspective has been given into why the Nigerian military annulled the June 12 election which saw MKO Abiola emerge clear winner.

A former Jigawa State governor, Sule Lamido, who was the National Secretary of the defunct Social Democratic Party, speaks about the annulment of the June 12, 1993 presidential election.

He has this to say when asked about the major reason why the Military annulled the Election:

“When (General) Murtala (Muhammed) died, Abiola came in with a claim that he was owed, I think, about N45bn for contracts executed by International Telephone and Telecommunication for the Ministry of Communications.

The military high command at that time said no. He went round the Emirs in the North to lobby and the emirs asked that they (military) should please pay the money.”

“They (military) said they cancelled the June 12 elections because if they made him President, he would take his money and the country will become bankrupt. Those who were close to Abacha should know this, because Abacha was then one of the big shots; they were all aware.”
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That was the rumor. He annulled it because Abacha held a gun to his head, literally.

Either way , what's done is done