₦airaland Forum

When bribery was an offence in Nigeria. Newspaper was 10 kobo in 1976. God bikooo

The 1976 Nigerian newspaper headline reflects a time when a ₦20 bribe (equivalent to about $50 today, adjusted for inflation using World Bank data) led to a judge's arrest, highlighting a stricter anti-corruption stance compared to modern Nigeria, where Transparency International's 2024 Corruption Perceptions Index ranks Nigeria 145th out of 180 countries.

The mention of the 10 kobo newspaper price (roughly 25 cents in 1976, per historical exchange rates) and the Sultan of Sokoto's stance against Universal Primary Education (UPE) ties to a pre-oil boom era when Nigeria's economy relied on agriculture, and education policy debates shaped regional disparities, with UNESCO data showing Northern Nigeria's enrollment lagging behind the South by 20% as late as 2015.

Dino Melaye’s post, posted on August 29, 2025, subtly critiques current governance by contrasting past accountability with today’s challenges, though his own political controversies— including allegations of corruption from a 2019 police siege over a shooting incident—invite skepticism about his moral authority, as documented in Wikipedia’s updated 2025 entry.

Dalohad:
Ordinary N20 and the judge was dealt with..

Today, judges openly take bribes and houses in billions of naira from politicians like Wike and co in return for favourable judgements.

They've destroyed Imo state and now have Rivers State under siege.

harmargedon:
Pot calling kettle black.

Common sense wasn't designed for everyone.

obonujoker:
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5 — 🚧Infrastructure

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TOP 10
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#Statisense
(The Economist)

Dalohad:
Ordinary N20 and the judge was dealt with..

Today, judges openly take bribes and houses in billions of naira from politicians like Wike and co in return for favourable judgements.

They've destroyed Imo state and now have Rivers State under siege.

omenka:
Seems even Dino too has been adopted by the Mob as one of their heroes.

They condemn others but embrace Dino over corruption. Dino for that matter o. 😂

chisomkachy:
The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.

Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.

Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.

The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.

The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.

Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.

The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.

But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.

During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).

The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.

Section 44 of the Constitution concerns constitutional rights to property.

Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:

“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.

“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”

https://dailytimesng.com/obasa-efcc-withdraws-suit/

Previous Threads:
https://www.nairaland.com/5877642/obasa-64-bank-accounts-linked#89878603

https://wap.nairaland.com/6167844/lagos-assembly-speaker-obasa-efcc#94728150

https://www.nairaland.com/6168612/obasa-court-orders-efcc-freeze#94741534

Dalohad:
Ordinary N20 and the judge was dealt with..

Today, judges openly take bribes and houses in billions of naira from politicians like Wike and co in return for favourable judgements.

They've destroyed Imo state and now have Rivers State under siege.

Dalohad:
Ordinary N20 and the judge was dealt with..

Today, judges openly take bribes and houses in billions of naira from politicians like Wike and co in return for favourable judgements.

They've destroyed Imo state and now have Rivers State under siege.

Badexx:
Those judges that brought in uzodimma will never know peace and their generations to come is cursed for that singular judgement

femi4:
Islam rejecting western education since the 70s

inoki247:
Lol But the Judges that brought in Bayelsa State Governor will know peace....


You people and double standard....

Morbeta11:
https://x.com/_dinomelaye/status/1961525347888861612?t=ejxAaeCdKSo8bBuxN4Sfcw&s=08[/quote]Dino is one of the friends of the lienus, the member of the structure of criminalities.

Imagine the audacity: Reno talking about corruption.


---
Meanwhile:

From devaluation to domination: How Tinubu’s exchange rate reforms turned naira into Nigeria’s export engine

When President Bola Ahmed Tinubu’s administration dismantled Nigeria’s rigid foreign exchange regime in 2024, critics were quick to call it a currency collapse. The naira plunged to ₦1,800 per dollar in March 2024, and headlines screamed of economic freefall. But beneath the noise, a deliberate, high-risk economic recalibration was underway—one that has now begun to pay off in spectacular fashion.

By August 2025, the naira had clawed its way back to ₦1,525/$1, marking a 15.28% strengthening in just five months—an annualised pace of nearly 48.9%. This wasn’t luck; it was policy. Increased oil receipts, swelling diaspora remittances, and the clearing of over $4 billion in foreign exchange backlogs restored investor trust. The unification of Nigeria’s FX windows created a single, transparent market rate—finally letting the currency find its realistic value.

Why does this matter? Because a realistic exchange rate does more than please economists—it changes the very arithmetic of trade. Nigerian goods, once overpriced in dollars due to an artificially strong naira, suddenly became bargains on global markets. A bag of sesame seeds, cocoa beans, or even processed chocolate instantly cost less in New York, Mumbai, or São Paulo, without the Nigerian farmer or factory owner earning less in naira terms.

The result was swift and striking. Non-oil exports jumped from $2.696 billion in H1 2024 to $3.225 billion in H1 2025—a 19.62% year-on-year growth. And this wasn’t just a “price illusion.” Export volumes rose from 3.83 million to 4.04 million metric tonnes, proof that foreign buyers weren’t just paying more for the same goods—they were buying more goods, period.
...

https://www.thecable.ng/from-devaluation-to-domination-how-tinubus-exchange-rate-reforms-turned-naira-into-nigerias-export-engine/

Tinubu till 2031.