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Foreign AffairsRe: Norway Fuel Giant 'refuses To Fill US Submarines' After Trump-Zelensky Clash by malali: 11:53pm On Mar 01, 2025
When Palestinians stood their grounds against a combination of Israel/USA bullying.....Nobody said a word.

Forgetting Israel was using the media to Bully Palestinians for decades.

Today we witnessed Zelensky stand up to the most powerful bullies in the world.

Not only did he do it fearlessly....He did it inside their own house, the prestigious oval office.

SLAVA UKRAINA.

BusinessRe: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by malali: 10:05pm On Mar 01, 2025
The government is trying to reduce cash spending, they want to force the economy to using cards payment.
BusinessRe: Banks Begin ₦100 On-Site ATM Charges, ₦600 For Off-Site Per ₦20,000 Withdrawal by malali: 10:05pm On Mar 01, 2025
Btruth:
I don't get 🤷..... Which one is onside & offside again? 🤔
A player is offside if they are ahead of the second-last defender when the ball is played to them and they interfere with play. No offside for goal kicks, throw-ins, or corner kicks. VAR checks tight calls using semi-automated technology.

.
Foreign AffairsRe: Zelensky To Meet The King Of England by malali: 9:58pm On Mar 01, 2025
He will most likely be told to apologize to Trump.
Zelensky most likely will not be president of Ukraine for long going forward.

Trump is so eager to claim the glory of ending the war.
At the Ukrainians expense.

I wont be surprised if huge oil deposits have been found in Ukraine
And that's why democracy is being exported to Ukraine.
PoliticsRe: High Chief Emmanuel Uduaghan, Senator Natasha Akpoti Husband Speaks by malali: 8:54pm On Mar 01, 2025
Let me translate this for people who dont speak Nigerian.



"If anything happens to my wife !"
Foreign AffairsRe: Senator Lindsey Graham Calls For Zelensky To Resign After Peace Talk Clash by malali: 9:52am On Mar 01, 2025
Arapmoi22:
As far as this war is concerned,
Zelensky is a beggar begging for help door to door.
He might have successfully manipulated many to believe his war, is their war.
The truth is zele foolishly played into the hands of those whose aim is to weaken Russia.
Why should zele allowed himself to be used to weaken a nation that is that strong militarily?
He deserves all the treatment he's gotten for not being strong enough to chose his own battle.
Don't fight anyone because someone is cheering you to.
Men won't be there forever.
You make some solid points.
Zelensky was hoping Biden would win a second term
The USA might have known all along they would use and dump Zelensky....their foreign policy is usually years ahead
They would use him to have a legit reason to degrade Russia's oil and gas exports to Europe, which is really the USA main concern.
It didnt work as expected, Russia is still selling oil to Europe, although price is capped at $60
The USA has increased their market share in oil and gas sales to Europe, especially LNG.
Now they would make Ukraine concede to Russia but the benefits will not go to Ukraine, they will use the concession to strike deals with Russia for the USA.
Complex but Ukraine is fucckkd.
Foreign AffairsRe: Senator Lindsey Graham Calls For Zelensky To Resign After Peace Talk Clash by malali:
I am sure Zelensky knew what he signed up for.

Trump and his gang are just trying to outright bully him.

Calling him to the whitehouse to scold him is no way to talk to a sitting president.

I am happy Zelensky stood his ground. It made trump and Vance look weak.

As slow and as weak as Biden looked he never needed to go into a shouting contest with Zelensky.

Trump wants zelensky to accept whatever he says....so that he can quickly declare that he has ended the war which Biden couldnt do.

Zelesnky wants reassurance that, if he concedes there will never be another attack.

And that shady 50% earth minerals deal just feels like Rape........lol

PoliticsRe: Renationalizing Nigeria’s Oil Wells For The People’s Benefit: OML 127 by malali(op): 7:20am On Mar 01, 2025
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PoliticsRenationalizing Nigeria’s Oil Wells For The People’s Benefit: OML 127 by malali(op): 7:19am On Mar 01, 2025
Nigeria is a country blessed with vast natural resources, particularly oil, which accounts for the majority of the nation’s revenues. The oil industry has long been the backbone of Nigeria’s economy, yet its benefits are not being felt by the majority of Nigerians. The wealth generated from this resource is disproportionately concentrated in the hands of a few individuals, a situation that is both inequitable and unsustainable. One of the most glaring examples of this injustice is OML 127, one of the richest oil fields in the country, where a single individual, Folorunsho Alakija, controls an astounding 60% stake. The history of how this oil field came into her hands is murky, steeped in political favoritism, and raises serious questions about accountability and the true ownership of Nigeria’s resources. It is time for OML 127, and others like it, to be renationalized and placed back in the hands of the Nigerian people.

The Shady Origins of OML 127’s Privatization

OML 127 is one of the most lucrative oil fields in Nigeria, yet the way it came to be controlled by Alakija is, at best, questionable. In the early 1990s, under the military regime of General Ibrahim Babangida (IBB), a decision was made to allocate a large share of Nigeria’s oil wealth to individuals with close ties to the government. Alakija, a fashion designer with little to no experience in oil exploration, was granted a 60% stake in OML 127 through a questionable process that many critics have described as corrupt and unfair. This deal, which was struck during the military dictatorship, bypassed transparency, and the bidding process was mired in suspicion.

There are serious concerns about how Alakija, with no prior experience in the oil industry, was awarded such a massive stake in one of Nigeria’s most valuable oil assets. The transaction was shrouded in secrecy, raising questions about the motives of the individuals involved and the integrity of the system that allowed this to happen. At the heart of this issue is the idea that such a precious national asset should not be the property of a single individual, especially when it was awarded under dubious circumstances.

Obasanjo’s Struggle for Justice

Even former President Olusegun Obasanjo was uncomfortable with the deal. In the late 1990s, during his first term as president, Obasanjo took legal action against Alakija, challenging the legitimacy of the deal that gave her such an enormous stake in OML 127. Obasanjo’s stance was clear: such a monumental asset should not be in the hands of one person, especially if its acquisition was tainted by questionable practices.

His move was backed by none other than Bola Ige, the then Minister of Justice, who represented the Nigerian government in the legal battle against Alakija. The case was pivotal in trying to reclaim what many saw as Nigeria’s rightful share of its natural resources. Tragically, Ige, a strong advocate for justice and anti-corruption, was murdered under mysterious circumstances in 2001. His assassination remains unsolved, leaving many to wonder if his death was a consequence of his efforts to uncover and challenge corruption at the highest levels.

The fact that Bola Ige, a prominent Nigerian lawyer, was involved in a legal battle against Alakija and was murdered shortly after underscores the deep-seated corruption that plagued Nigeria’s oil industry during that period. It also casts doubt on the true motivations behind the privatization of OML 127 and other oil assets.

The Case for Renationalizing OML 127

The time has come for the Nigerian government to take back OML 127 and other similarly privatized oil wells, which have been exploited for private gain at the expense of the nation. The argument for renationalization is not just one of fairness—it is one of national interest. Here are a few reasons why renationalizing OML 127 is imperative:

1. Equity for the Nigerian People: The oil wealth belongs to the Nigerian people, not a handful of individuals. Oil resources are a national asset, and they should benefit the entire population, not be hoarded by a few elites. Renationalizing OML 127 would be a step toward ensuring that Nigeria’s resources are used to uplift the masses, rather than perpetuate a system of inequality.
2. Transparency and Accountability: The initial privatization of OML 127 was marred by opacity and corruption. By renationalizing the asset, the government could implement greater transparency in its management, ensuring that oil revenues are used to fund infrastructure, education, healthcare, and other crucial sectors that can improve the lives of Nigerians.
3. Restoring National Pride: The privatization of oil assets like OML 127 to individuals who wield disproportionate influence sends the wrong message to Nigerians. It suggests that their national wealth can be manipulated and controlled by a few powerful figures. Renationalizing these assets would restore the dignity of Nigeria as a sovereign nation and reaffirm the principle that natural resources belong to the people, not to oligarchs.
4. Ending the Cycle of Corruption: Oil has been both a blessing and a curse for Nigeria. While it has made the country one of the largest producers of oil in Africa, it has also fueled corruption and conflict. By renationalizing OML 127, the government would send a strong message that the era of using the oil sector as a tool for personal enrichment is over.
5. Maximizing Revenue for National Development: OML 127 has the potential to generate vast amounts of revenue for the Nigerian government. However, the current system of privatization has seen much of this wealth leave the country and enrich a small elite. By renationalizing the field, Nigeria could take full control of the revenue generated, which could be used to address the country’s pressing development needs, including poverty alleviation, infrastructure development, and job creation.

Time to Take Action

The renationalization of OML 127 is not just a moral or legal imperative—it is a practical necessity for Nigeria’s future. With the vast wealth that Nigeria generates from its oil, it is inconceivable that a single individual, through a politically compromised deal, should control such a massive stake in one of the country’s most important resources. The process of privatization in the past was flawed and fueled by corruption, and it is time for Nigeria to take a stand, restore equity, and ensure that the benefits of oil extraction are used for the collective good of its people.

Renationalizing OML 127 is a powerful step toward making Nigeria’s oil wealth a resource for national development, not personal enrichment. It is time to correct the wrongs of the past and take control of Nigeria’s future.

BusinessRe: Folorunso Alakija Loses Sight Completely - Sahara Reporters by malali: 6:58am On Mar 01, 2025
Konquest:
I just logged in briefly and saw your post.

Mister, I worked with a major multinational oil and gas company right from the 1990s and that gave me deep insights into the goings on in that industry. This is why I was able to confidently state the points I made in my last post that you quoted. I strongly detest when people try to project themselves based off of what they are NOT. Do NOT spin conspiracy theories here. What do you mean by whitewash history? I speak ONLY speak based on facts. I've learned in my over 5 decades on earth to research and ask questions if I don't know enough about something.

The Supreme Court CLEARLY ruled in FAVOR of Famfa Oil and you incidentally included this fact in the number 6 point right BELOW. So where is the infraction OR "series of shady moves" in the acquisition of OML 127 that you alluded to coming from? Neither was she fronting for anybody like you alluded to without evidence.

NO doubt, I remember clearly back in the early 2000s that OBJ (using the NNPC) felt OML 127 owned by Famfa Oil was a prolific deep offshore block producing over 200,000 Barrels per day of crude oil had to be grabbed by first attempting to take 40% then raised to 50% of the shares while leaving ONLY 10% for Famfa Oil. This is why Famfa Oil which has a management structure and went into partnership with other technical partners back in the 1990s resoundingly won the case in the Nigerian Supreme Court in a landmark judgment and NNPC was ordered to back off from taking the 50% shares of Famfa Oil's total. Of 60% thereby emphasising that Famfa Oil NEVER did anything wrong like some ill-informed people who are NOT industry experts are saying through the spread of highly irresponsible beer parlor stories!

This is exactly how some "complete idiots" who belong to these rabid gangs of young of ethnic bigots (who were NOT even born as of 1993) went about defaming Mrs. Folorunso Alakija (who I remember worked as a banker with IMB back in the 1980s) here on some NL threads by falsely claiming that she had "sex or slept" with Ibrahim Badamasi Babangida and Sani Abacha in order to "secure" the oil block which is highly irresponsible of those boys!



6. 2012: After a prolonged legal battle, the Nigerian Supreme Court ruled in favor of Famfa Oil, restoring the 50% stake to the company and reaffirming its majority ownership of 60% in OML 127.
When you mentioned 5 decades on earth, i was at least reassured i wasn't arguing with a chronologically challenged fellow. But when you got personal calling people who made allegations against Alakija "idiots". I remembered age doesn't necessarily come with age appropriate sense or sanity. OML 127 was awarded under dubious circumstances by IBB TO Alakija. Thats a fact, there was no public bidding. She now delegated the hard lifting and dirty work to foreign technical partners in lieu of a sizable portion of the proceeds. OML 127 is Nigeria's golden goose. There is nothing wrong with Alakija having 1 or 2 eggs laid by the goose. But owning the whole goose while Nigerians suffer is wrong, morally and ethically. There are people in Nigeria who cannot afford a meal in a day. While Alakija pockets 1 billion dollars a year from OML 127. Even Obasanjo and Bola Ige took her to court. But Chief Justice who was most likely recommended by IBB annulled it and Bola Ige was also assassinated (not saying they are related) but when the witch cries at night and the baby dies in the morning, we all know who killed the baby. The government needs to nationalize OML 127. If something was done wrongly 100 years ago. It doesn't mean we cant correct it today.Please desist from personal attacks and insults. If not i will assume despite your 5 decades on earth, your sanity is questionable.
PoliticsRe: Atiku To Tinubu, Senate: Investigate Natasha’s Allegations Against Akpabio by malali: 9:55pm On Feb 28, 2025
Akpabio should recuse himself and hand over to the deputy senate president while he also submits himself to the ethics committee.

OR

They should appoint a bipartisan special investigator to look into the claims of sexual harassment allegations laid against Akpabio, this is not the first times such allegations are leveled against Akpabio.

We have to set good examples and show that everyone is held accountable. Akpabio cannot be the judge, the jury and executioner. As he has always been. This is not any different from military regime. We have to show the world , this is indeed a democracy.
Foreign AffairsRe: Trump Kicks Zelensky Out Of The White House After Heated Argument (Video) by malali: 9:53pm On Feb 28, 2025
WriterNig:
The US have a history of switching to the winning side so they can partake in the glory.
Russia won WW2 against Hitler, killing 85% of the Nazis and capturing Hitler's bunker before he shot himself. The US killed only 3% of the Nazis but took all the credit.
In future US history textbooks, they might even claim they backed Russia from the beginning to win against a vicious "monster" Zelensky. They're good at twisting history.
To be an enemy of the US is dangerous but to be a friend is fatal.
The US have only 2 friends, money and interests.

Aptly said, my friend.
Who needs an enemy, with a friend like the USA. grin grin grin grin grin grin grin
PoliticsRe: The Silent Puppet Masters Of Nigeria’s Oil Wealth by malali(op):
Tinubu needs to nationalize a greater percentage of OML 127
PoliticsThe Silent Puppet Masters Of Nigeria’s Oil Wealth by malali(op):
The year 1993 was a pivotal one for Nigeria, a year when the nation’s political future and its oil wealth were both being shaped by unseen hands. At the center of it all stood General Ibrahim Badamasi Babangida (IBB), a man who had ruled the country with calculated cunning, issuing decrees that would outlive his time in power. One such decree saw Famfa Oil, a relatively unknown company, receive OPL 216—an oil block that would later transform into OML 127, Nigeria’s most lucrative deep-water asset. But make no mistake—this was no ordinary oil concession. It was a golden egg, strategically placed in the hands of Folorunso Alakija, a Lagos-based fashion designer whose political and business affiliations were far more powerful than they appeared on the surface.

IBB’s Desperate Need for Relevance

IBB had always understood one thing: Power means nothing without wealth, and wealth means nothing without power to protect it. As the walls of his regime began to close in on him in 1993, he knew he had to secure his interests before exiting Aso Rock. The easiest way? Award yourself an oil well through a proxy, ensuring an everlasting cash flow that could fund political maneuvering long after retirement.

But there was a problem—one that threatened everything.

MKO Abiola, the presumed winner of the June 12 election, was not the kind of leader to turn a blind eye to such blatant asset hijacking. If Abiola became president, there was zero chance that OML 127 would remain in private hands. It was too valuable. Nigeria was in debt, and no responsible leader would allow a single individual to control a multi-billion-dollar national resource.

IBB was at a crossroads: Protect his wealth, or watch it all be taken away.

Enter Abacha – The Deal with the Devil

Babangida had a choice to make. He could allow Abiola to take power and risk losing OML 127, or he could back General Sani Abacha, a man ruthless enough to protect his interests in exchange for absolute power. The decision was simple.

With Abacha as head of state, the agreement was clear:
• No probes.
• No nationalization of OML 127.

The Palace Coup & The Convenient Deaths

But power is never guaranteed, and neither is loyalty. In a span of one month, both Abiola and Abacha died mysteriously—a palace coup so surgically executed that even history books dare not question it.

Who benefited the most from their deaths? Follow the money.

With Abiola dead, there was no threat of reclaiming OML 127.
With Abacha gone, no single individual held absolute control over the oil industry. The power returned to those who had orchestrated everything from the shadows.

Obasanjo’s War Against OML 127

By 1999, as Nigeria transitioned back to civilian rule, the control of oil wealth once again came under scrutiny. Enter Olusegun Obasanjo, a former military leader handpicked from prison to lead Nigeria.

As president, he faced a contradiction:
• On one hand, Nigeria was begging the IMF and World Bank for debt relief.
• On the other, the country’s most valuable oil asset was in the hands of a single individual with no prior experience in the industry.

To Obasanjo, this was madness. He launched a legal battle to reclaim 50% of OML 127, arguing that Nigeria could not afford to have one private entity owning what should be a national resource.

But Obasanjo underestimated the deep connections that protected OML 127.

Bola Ige – The Murder of a Government Lawyer

As the battle over OML 127 played out in court, a key figure emerged in Obasanjo’s administration—Bola Ige, the Minister of Justice and Attorney-General of the Federation.
• Ige was the government’s top lawyer when OML 127 was taken to court.
• His job? Help Nigeria reclaim its stolen wealth.
• His fate? Assassinated inside his home on December 23, 2001.

Let that sink in.

Assassins walked into the home of Nigeria’s Minister of Justice—a sitting government official—and gunned him down.
No forced entry. No robbery. Just a clear message: Stay away from OML 127.


Was it a coincidence that the man leading the legal charge to reclaim Nigeria’s most valuable oil asset was murdered? Or was he eliminated to silence the government’s strongest legal resistance?

Dahiru Musdapher: The Man Who Held the Key

A name resurfaced in the power dynamics: Dahiru Musdapher, a Supreme Court justice with a long-standing professional connection to Babangida.
• Back in the late 1970s, Musdapher had been persuaded to accept the position of Attorney-General of Kaduna State by none other than IBB and Abacha.
• His rise in the judiciary had always been quietly supported by the same military elite that orchestrated coups and controlled Nigeria’s resources.

By 2012, under Goodluck Jonathan’s presidency, Musdapher had reached the pinnacle of judicial power as Chief Justice of Nigeria. And when the time came to decide the fate of OML 127, he ruled in favor of Folorunso Alakija—ensuring that the oil block remained in private hands and out of government control.

Was this simply legal justice, or was it the final payment for the favors that had placed him in power? We may never know.

The Grand Design: 2012 to Present

From 2012 till today, OML 127 has reshaped the power structures in Southwest Nigeria. The money that flows from it has built political alliances, media empires, and economic strongholds.

And now, with the emergence of Bola Ahmed Tinubu, another player has been placed on the board—a leader who, unlike Obasanjo, will not challenge the ownership of OML 127.

The game has come full circle.

The Game Never Ends

If there’s one lesson in all of this, it’s that Nigeria has always been ruled not by its presidents, but by its shadow elite—men who understand that wealth outlives power, and that controlling one oil well is more powerful than controlling an entire army.

Bola Ige was murdered, but no one was convicted.
OML 127 was taken to court, but the government lost.
Babangida left power, but his influence never faded.

The players may change, but the game remains the same.

And as always, if you want to understand power in Nigeria, just follow the money.

BusinessRe: Folorunso Alakija Loses Sight Completely - Sahara Reporters by malali: 9:52am On Feb 28, 2025
Konquest:
Ibrahim Babangida did NOT give Mrs Folorunso Alakija it the OML 127 on a platter of gold. Her company Famfa Oil bidded for the highly risky oil block in the early 1990s not the 1980s like you stated alongside others such as Mike Adenuga, High Chief Lulu Briggs of Moni Pulo, Arthur Eze, and more.

Famfa Oil then brought in technical partners to develop the oil block at great cost running into millions of USD before striking crude oil. Her sagacity led to her developing a strong team to achieve success. Renting an oil rig alone everyday runs into millions of USD, so, it's easy to see why OBJ lost the bid to take over Famfa Oils rights after they had spent millions of USD since the early 1990s.


Mike Adenuga was the FIRST EVER Nigerian to strike crude oil successfully with Consolidated Oil (Conoil) in the risky deep offshore but others such as the Ibadan-born Nigerian-American oil mogul, Kase Lawal did NOT record much commercial success.

I know all these because I was aware of the goings on in the oil and gas sector back in the early 1990s and have industry-specific documents and media reports from that era when the limited 2-D technology was being used for oil exploration activities. With the introduction of 3-D technology things took a giant leap in the oil and gas sector.
Folorunso Alakija, a prominent Nigerian businesswoman, secured ownership of Oil Mining Lease (OML) 127 through a series of shady moves:
1. 1993: Her company, Famfa Oil, was awarded Oil Prospecting License (OPL) 216, covering a significant offshore area. 
2. 1996: Famfa Oil entered a partnership with Star Deep Water Petroleum Limited, a subsidiary of Texaco, to explore and develop the block.
3. 2000: The Nigerian government acquired a 40% stake in OPL 216 under the Back-In Rights Regulation, aiming to increase national participation in oil ventures.

4. 2004: OPL 216 was converted to OML 127, marking its transition from a prospecting license to a mining lease.
5. 2005: The government further acquired an additional 10% stake, raising its total interest to 50%.
6. 2012: After a prolonged legal battle, the Nigerian Supreme Court ruled in favor of Famfa Oil, restoring the 50% stake to the company and reaffirming its majority ownership of 60% in OML 127. 


Dont try to whitewash history, even Obasanjo tried to nationalise 50% of of the OML 127, at that time. You cant present false claims. There are a lot of people alive today that know what happened. Alakija is IBB's front in OML 127. That was why it was important for IBB who took over from him, MKO Abiola would have cancelled that rubbish allocation, giving the countries entire resource to one person. Abacha allowed it because he thought IBB was a friend.

PropertiesRe: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by malali: 9:36am On Feb 28, 2025
As
PropertiesRe: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by malali: 9:35am On Feb 28, 2025
The impact of removing oil subsidy and fuel subsidy is finally reaching Lagos.

Some states in the north already look like ghost towns.

If you stand in katsina downtown, you can count the cars passing on the streets easily.

This is just the beginning. Places like Ikorodu will see a lot of new tenants.

Thats how London became developed, all those people in zone 4 use to live in central london before.

Na housing cost pursue them.
TravelRe: Japa: US Introduces New Requirements For Immigrants by malali: 9:06am On Feb 28, 2025
PrinceofSarcasm:
You actually do not understand what a sarcastic comment means.? Now I see why you are unemployed, you are actually dumb
Sarcasm, is that what you want to call it ?
Whatever you call it. Just add some sanity to it.
TravelRe: Japa: US Introduces New Requirements For Immigrants by malali: 8:22am On Feb 28, 2025
PrinceofSarcasm:
Get a job friendo , do something useful with your time undecided
A job ? lol
I have a fulfilling career.
BTW, I am not your friend.I am very careful of the company i keep.
Sanity is a mandatory criteria.
CelebritiesRe: "Annie Idibia's Leg To Be Amputated” - Cboss_hotline247 by malali: 8:15am On Feb 28, 2025
PrinceofSarcasm:

i want to knack you badly, give me your number, send it to my DM now!

TravelRe: Japa: US Introduces New Requirements For Immigrants by malali: 7:51am On Feb 28, 2025
PrinceofSarcasm:
You said nothing, typical of an unemployed individual. They always resort to attacks' when questioned undecided
No attacks, I am serious.
You probably have an employment because of people like me.
TravelRe: Japa: US Introduces New Requirements For Immigrants by malali: 7:38am On Feb 28, 2025
PrinceofSarcasm:
Do you have a job? Like are you employed? undecided
You probably work for me.
PoliticsRe: How Babangida Mismanaged The Nigerian Economy by malali: 6:49am On Feb 28, 2025
Ibrahim Babangida’s mismanagement did not just crash the naira—it systematically crippled Nigeria’s economic foundation for generations. His policies were not only short-sighted but also deliberately structured to favor a select elite while condemning millions to poverty.

1. The SAP Disaster: A Death Sentence for the Naira


Babangida’s Structural Adjustment Program (SAP), imposed under IMF and World Bank directives, was the most catastrophic economic experiment in Nigeria’s history. It devalued the naira overnight, destroyed local industries, and flooded the market with cheap imports, wiping out indigenous manufacturers. The so-called “liberalization” of the economy meant that foreign businesses thrived while local enterprises collapsed.

2. Institutionalized Corruption: Looting Becomes the Norm[/color]

Under Babangida, corruption was no longer an act of defiance—it became state policy. He perfected the art of settlement politics, where public funds were freely used to buy loyalty. He weakened institutions like the judiciary and electoral system, ensuring that corrupt officials remained in power while honest Nigerians were silenced. The billions stolen under his watch set a precedent for the looting culture that continues today.

3. The $12.4 Billion Gulf War Oil Windfall Disappearance

In 1991, Nigeria earned a staggering $12.4 billion from crude oil sales due to the Gulf War. Instead of investing it in infrastructure, education, or economic development, Babangida and his cronies looted the funds. Till today, no proper accounting of the money has been given. That stolen wealth could have built the refineries Nigeria still lacks, provided stable electricity, and modernized the economy.

4. Military Cronyism: Destroying Meritocracy

Babangida’s regime was defined by ethnic favoritism and military cronyism. He surrounded himself with loyalists, not technocrats, and handed out government positions based on personal loyalty rather than competence. This entrenched a system where mediocrity thrived, while capable minds were sidelined, a culture that still plagues Nigeria’s public sector today.

5. Political Instability: Laying the Groundwork for Crisis

The political instability Babangida engineered, including the annulment of the June 12, 1993 elections, plunged Nigeria into chaos. By canceling the freest and fairest election in Nigerian history, he set the country back decades, ensuring that credible democracy remained elusive. The consequences of his actions still haunt Nigeria’s political system, as rigging, voter suppression, and electoral violence became normalized.

6. Import Dependency: Killing Local Industry

By recklessly opening Nigeria’s economy to foreign goods, Babangida killed domestic production. Nigeria went from being a country that exported agricultural and manufactured goods to one that depended entirely on imports for even basic necessities. Decades later, the country still suffers from this dependence, with food inflation and foreign exchange crises now a permanent fixture.

7. A Legacy of Hardship and Poverty

From 1985 to 1993, Babangida’s policies pushed millions into poverty, destroying the middle class. The devaluation of the naira meant that salaries lost their value, inflation skyrocketed, and basic commodities became unaffordable. Today, that economic mismanagement still haunts Nigerians, with a naira that has collapsed to N1,500 per dollar and an economy that remains fragile, debt-ridden, and oil-dependent.

A Criminal Legacy Dressed as Reform

Babangida is often portrayed as a “clever strategist,” but history remembers him as a reckless economic saboteur whose policies left Nigeria in ruins. While some celebrate him as a “military genius,” Nigerians should never forget that [b]his legacy is one of corruption, economic collapse, and generational suffering.

Babangida didn’t just ruin the naira—he ruined the country’s future.
PoliticsRe: Former President Muhammadu Buhari Returns To Kaduna (Photos & Video) by malali: 6:44am On Feb 28, 2025
WowSweetGuy:
What do you mean by return like kaduna is his place of aboard

Just say went to Kaduna
Buhari is from katsina but lives in kaduna. Dont forget it was all one state before IBB split it up. But guess what, there is no human being dead or alive that has the kind of love Buhari has in kaduna and katsina combined.And the love is Organic, because Buhari doesnt share money.
BusinessRe: Oando PLC Wins Bid For Guaracara Refinery In Trinidad by malali: 6:41am On Feb 28, 2025
Gotocourt:
We have surplus engineers already, not bro. Oil money is hot cake all around the world
Well said.
TravelRe: Japa: US Introduces New Requirements For Immigrants by malali: 6:34am On Feb 28, 2025
Mass Surveillance & Tracking – Once registered, the U.S. government can monitor your movements, finances, and social media activity.
Increased Risk of Deportation – The database can be used for future immigration crackdowns, making even minor infractions grounds for removal.
Harassment & Immigration Raids – Nigerians in major hubs like Texas, Maryland, and New York could face more ICE raids and law enforcement scrutiny.
Stricter Visa Renewals & Work Permits – H-1B, J-1, and other work visas may face longer processing times, higher rejection rates, or additional barriers.
Heavy Fines & Criminal Charges – Failing to register or missing deadlines could result in legal penalties, affecting future visa applications.
Targeting of Overstayed Visas – Many Nigerians on B1/B2 tourist visas who overstay by even a few days could be flagged and banned from future entry.
Negative Impact on Dual Citizens – Even Nigerians with second passports (UK, Canada, EU) might face extra scrutiny at airports and ports of entry.
Tougher Path for Undocumented Nigerians – Those without proper papers may find it harder to legalize their status, forcing many into hiding.
Long-Term Immigration Consequences – Once registered, you’re permanently in the system, and future U.S. policies could use it against you.
BusinessRe: Oando PLC Wins Bid For Guaracara Refinery In Trinidad by malali: 6:23am On Feb 28, 2025
Nigerian should train unemployed graduates how to run and operate refineries.
Send them abroad to the best refineries and let them study relevant courses
Lets control the refinery market globally
With expertise.
PoliticsRe: 2027: ‘no Vacancy In Aso Rock’ As APC Leaders Pass Vote Of Confidence In Tinubu by malali: 11:51am On Feb 27, 2025
I am sure Abacha said the same thing.

I am sure Yardua said the same thing.

Only God knows whether there is vacancy or not.
CrimeRe: We Can Disappear From Prison, Native Doctors Protest Against Soludo's Ban by malali: 11:39am On Feb 27, 2025
The person that can really disappear from prison, doesnt need to announce it to the world.

No be cho cho cho......show workings make we see.
PoliticsRe: UK PM: "Kemi Badenoch Has Appointed Herself Saviour Of The West" (Video) by malali:
The Black Savior of Poor White people. grin grin grin grin grin grin grin grin grin grin grin grin grin grin

PoliticsRe: The Immorality Of Nigerians Owning Inappropriate Amounts Of National Assets. by malali(op):
mrvitalis:
She sold har stake to get chevron to invest... So what exactly is your beef
Can you even be allowed to enter chevron gate not to talk about getting them to invest

You pauperized mindset thinks everyone advocating for a better Nigeria is doing it out of penury.
PoliticsRe: The Immorality Of Nigerians Owning Inappropriate Amounts Of National Assets. by malali(op): 9:45am On Feb 27, 2025
mrvitalis:
She sold har stake to get chevron to invest... So what exactly is your beef
Can you even be allowed to enter chevron gate not to talk about getting them to invest
No beef here, she never owned it, so she cant be selling it.
It belongs to all Nigerians. It was allocated under very shady and dubious terms during Babangida regime.
They gave something that could have been generating billions to the whole Nigeria to chevron.
Only to get approx 1 billion in middleman fees every year for close to 40 years now.
Its time it gets looked into.
Nigerians are tired of being taken for fools.
All oil licenses should be investigated and transparently re-assigned to benefit Nigerians.
Not a few oligarchs and their families.

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