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OPINION: A Review Of IBB’s Book Of Billions [Monday Lines]

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By Lasisi Olagunju

In five parts, thirteen chapters, six appendices, including an interview; a prologue and an epilogue, he sought to give a definite definition of himself. But, for me, the deepest insight into the person of General Ibrahim Babangida is not in his expensive book (it fetched him billions; I bought a copy for N40,000). The greatest revelation was at the launch of the book in Abuja. His comrade-in-arms and childhood friend, General Abdulsalami Abubakar, revealed that a cleric told them about 80 years ago that Babangida would one day be president of his country.

Now, when you, a seer, tell a child that he would be king one day, the palace cannot be safe until the child becomes man and he becomes king – or he dies. We read exactly that in Shakespeare’s story of the Scottish General, Macbeth. Three witches tell Macbeth that he will be King of Scotland. Macbeth becomes impatient; he kills the reigning king and takes the throne. Because of the security of his throne, paranoia pushes King Macbeth to take other desperate measures. People die; civil war erupts, more people die. Darkness falls. Please, go back and read again your Macbeth.

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My people have several proverbs and sayings on royalty and fate. They say one’s destiny makes one a king but one’s character dethrones one (Orí ẹni ni í fini j’ọba, ìwà èyàn ni í yọ èyàn l’óyè). Like Macbeth, IBB joined the army and rose to become a General. Again, like Macbeth, the Thane of Cawdor prophecy came true for Babangida and he became Chief of Army Staff. Finally, like Macbeth, he became king and pronounced himself president and proceeded to do as Macbeth did until he left almost the Macbeth way. If you had been wondering why the amiable General from Minna chose ‘president’ as his official title, now you know it was in fulfillment of a prophecy.

Babangida once named his heroes: Zulu’s Emperor Chaka and General Hannibal of Carthage. Read again about those Generals, their careers and their exploits, their end. Read page 121 of IBB’s book and decide if you are convinced by his reasons for not answering what all his predecessors answered: Head of State. He says in the book that he chose to be different not because he wanted to copy Turkey’s General Kemal Ataturk or Emperor Chaka the Great. He says he chose to be ‘president’ as a demonstration of his commitment to “our suspended constitution.”

Babangida’s feet walked corridors of power; he befriended, and ‘charmed’ power even before he installed Buhari as Head of State in December 1983. His feet took him, or he took his feet everywhere his inner head (his Ori Inu) could be found. He was intrepid, smooth and daring. I read Shehu Shagari’s autobiography, ‘Beckoned to Serve’ published in 2001: “In late October or early November 1983, Major General Babangida and Colonel Aliyu Mohammed came to the State House to see me and we had a long discussion. They did pay me such visits usually at night long before I became President.” Shagari had that recorded on page 497 of his own autobiography. You are likely to ask what IBB was looking for in Shagari’s home at night. The way Babangida walked hallways of power was the way persons kept awake by destiny walked, restlessly.

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In the Foreword to Babangida’s book written by his boss, General Yakubu Gowon, we gain better discernment on the labyrinth called IBB. The older General describes Babangida as “a natural leader but also a devoted follower.” Sun Tzu, in ‘The Art of War’ tells Generals: “Appear weak when you are strong, and strong when you are weak.” Is that why President Babangida is read in the book bossing and, at the same time, bowing to his army chief, General Sani Abacha, in double-quick manner? Many commentators have said that his June 12 account is a mesh of courage and cowardice. ‘Abacha did this, Abacha did that but I regrettably take full responsibility for everything that happened’! Here, before you abuse IBB as a General without biceps, know that he did not walk alone. Apart from Murtala Muhammed who came fast and left fast, every military regime we had had its internal tormentor. For Gowon, it was Murtala Muhammed who was both boy and boss to the boss. All accounts say Gowon ruled under Murtala’s shadows until the kingmaker said enough and took the crown from Gowon alias Jack. Read the Gowon/Murtala story in Theophilus Akindele’s ‘Memoir of Mixed Blessings’ – especially the contract controversies. In his own book, Babangida says Murtala Muhammed, in Gowon’s government, “was quite a handful in matters pertaining to control” (page 85). IBB himself played the Murtala role to Muhammadu Buhari, 1984-85. He made the lanky General from Daura sit on the throne then shoved him off the seat because of his “excesses.” It should, therefore, not shock the reader that Abacha was the captain of the ship who allowed IBB to be there until the groom was ready for the bride. Babangida’s ‘A Journey in Service’ tears the mask.

Somewhere in that book, like a river nearing its sea, for whatever reasons, IBB reproduced (introduced) a 1995 interview he granted TELL magazine, and it reads like a summary of the entire IBB story. At a point in the interview, TELL magazine editors remind him of how he dealt ruthlessly with them and their magazine, IBB asks “What happened to TELL? TELL? Seriously, what happened?” He is told that over half a million copies of TELL were seized, and some of the editors speaking with him there were arrested. His response: “You see, when I sat up there, I didn’t know most of these things that happened…At times, the information only reached me later.” If what he said here is true, for a man who boasted that he was trained to dominate his environment, the fact that big things happened in his government without his knowledge could only tell how hopelessly imprisoned people of power could be.

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Some people’s luck or escape route is in dying young. One loud example is General Murtala Muhammed. Would he be the hero he is if he had ruled for three, four years? Nigeria would definitively have happened to him. Unlike Murtala, some other people are very lucky to live hard and live long. Babangida is one of such. He is 83 years old. Imagine if he had died when his enemy, Muhammadu Buhari, was president. He would not have made the loud statement he made in Abuja last week! Or worse, if he had died during the June 12 crisis. He lived those bloody moments and validated Musician Odolaye Aremu’s theory that “if we don’t die young, enemies of fifteen years will become our friends.” At his book launch last week, his enemies and friends dropped offerings at his altar. NADECO man, Bola Tinubu, described him as “visionary Babangida.” Gowon in the Foreword declares that “in the post-Civil War period, his (IBB’s) tenure in office is easily the most remarkable.” That is an interesting verdict. Almost five of those post-Civil War years belong to Gowon himself. Some people are very good at scoring own goals.

In language and structure, I find this book by IBB to be very solid and uncomplicated. But, certainly, the most contentious of the content of the book is the June 12 story. And, the author’s treatment of the matter is the most extensive – almost 40 pages. Very unlike IBB, he named his friend, Sani Abacha, as the head of the forces that cancelled the election. But the annulment was just a culmination of a long, dark, bad process triggered by IBB himself long before the election was held. He said he was away in Katsina when Abacha and his boys annulled the election. But IBB came back from Katsina; why didn’t he undo what Abacha did? If he did anything at all, it is not in the book. Instead, what we see are hand-wringing cliches on the annulment and its consequences. The Abacha family is angry, furious; Abiola’s people are not impressed; they wondered why he waited for ‘all’ his witnesses to die before coming out. But what he wrote is no news. What is news is that those facts are directly from IBB himself. Snippets of what he said were in the media of that period. And we heard all sorts of weird things in newsrooms, the scrambling for and partitioning of power. For instance, we heard (or read) that Abacha, one heated meeting day, followed General Joshua Dogonyaro to the toilet and told him: “Let IBB go and we remain.” And Dogonyaro’s reply was “Who are the we?” Soldiers are great followers of Sun Tzu: “in the midst of chaos, there is opportunity.”

MORE FROM THE AUTHOR: OPINION: El-Rufai, Obasa And Other Godfather Stories [Monday Lines]

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Professor Omo Omoruyi was one of the key architects of IBB’s transition programme and, perhaps, the closest to IBB in the dark days of the annulment. In 1999, Omoruyi published ‘The Tale of June 12: The Betrayal of the Democratic Rights of Nigerians’. It is his account of the June 12 tragedy. More than twenty five-years after it was published, I have not read anyone that is mentioned in the book coming out to say the professor lied. So, I take Omoruyi’s account of the pre and post-annulment events as reliable. He claims in his book (page 37) that the June 12 election “was aborted by forces external to its design.” He is more direct on page 257: “General Abacha felt humiliated when General Babangida yielded to the US pressure to order on June 11, 1993 that the June 12 election must go on. From that June 11, General Abacha showed no interest in the matter and waited for when it would crash…It was Lt.-General Alani Akinrinade, a former Chief of Defence Staff and an experienced professional officer, who read the situation right in the interview he granted to reporters in October 1993 when he said that ‘Shonekan is a mask…the masquerade itself is the armed forces and Abacha is the personification of that masquerade.’ See TELL, November 1, 1993. p.25.”

Omoruyi accuses IBB of betraying his country and its people with his disruptive handling of the last leg of the transition programme. He says IBB lost control of the military and the government soon after the election held. He said Babangida was in a fix as of 9.30pm on 21 June, 1993 when he met him. His book (page 162 – 164) quotes the General copiously: “I see disaster for myself and my family. Where do I go from here?” Omoruyi quotes IBB as confirming that Abiola won the election but that “they” would kill him if he allowed the results to stay. Omoruyi wrote further that at the end of that outburst, Babangida made a telling remark. He quotes him as saying “I told you that I am a prisoner. What do I do? I think I need a psychiatrist” (page 171). Two days after all these, the annulment announcement was made via an unsigned, undated paper circulated to the media through the Vice President’s office.

Can we, at this point, ask journalist Nduka Irabor to come out and tell the world who gave him the unsigned annulment statement that he released to the world on 23 June 1993? He can no longer be quiet.

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Now, if Abacha emitted such negative vibrations in his government, why did Babangida leave him behind after retiring himself and all service chiefs? IBB offers no cogent reason for this in his ‘A Journey in Service’. Instead, what we read is his admission of “a grave mistake” in retaining Abacha as chairman of the joint Chief of Staff and “as enforcer-in-chief for the new government” of Ernest Shonekan. Omoruyi addresses the same issue better in his own book (page 257): “In response to my question as to who would guard the guards after August 26, 1993, he (Babangida) said he would remove the operational control from him (Abacha) and assign it to Lt.-General Joshua Dogonyaro.” It is interesting that IBB thought that running into Dogonyaro’s fire was a better option to staying in Abacha’s fire. In any case, Abacha sacked Dogonyaro and all other “guards” soon after Babangida stepped aside. The other arms of the IBB boys, he used them to get rid of Shonekan and his Interim National Government (ING). He then cavalierly gave them the tissue-paper treatment – he used, dumped and flushed them down the drain.

We saw a convergence of all the forces in Abuja last week. NADECO and the military factions swam in open adultery. They wined and partied and gave the General of Generals a generous pat on the back. One of my university classmates described the Abuja event as “not funny.” Her post to me dripped with so much pain. She told tales of death and dying and suffering. She gave accounts of personal experiences and sacrifices. She felt betrayed.

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I begged her to let me include her tears here without mentioning her name: “I watched the launch of the book written by IBB and took a cursory look at the parade of eminent personalities in attendance. I listened to the speeches one after the other and saw them laughing. I was stunned that people therein, one after the other, eulogized IBB. I thought for a moment that I was in another planet or that I had mental issues by asking myself if these people were describing the same events that I witnessed as a 26-year old spinster living in Lagos and trying to chart a course for the future. Significantly, I remember how I walked from Aguda in company of a friend to queue up and vote at Adebola Street, off Bode Thomas in Surulere, Lagos and walked back home. I remember sitting at the reception of the school of nursing on Awolowo Road waiting to collect my sister’s transcript when an elderly woman fainted on hearing the news of the annulment. I recall her colleagues trying to revive her and crying at the same time that their hope for a better Nigeria had just been dashed. I remember having woken up early one morning to go to work and arriving in Norman Williams in Ikoyi only to realize that Lagos was on lockdown and going back home became an arduous task. I remember getting a ride through the Third Mainland Bridge to Obanikoro and walking back home in Aguda, dodging bullets and escaping area boys who took advantage of the situation. I survived but some did not. What I saw in that hall last week was a mockery of those who died and of those of us who did not die but are yet to recover from the trauma of that period. It is not funny!”

My friend spoke for millions seething helplessly in the dimly-lit parlours of their lives. But, there must be a closure, and I think that was what that Abuja gathering thought it was doing. For those who are angry and crying betrayal, I give what I gave my friend – a quote: “Whatever happens, stay alive. Don’t die before you’re dead.” Some say the quote is from English writer, Virginia Woolf; some others credit Polish writer and Nobel Laureate, Olga Tokarczuk. Whoever the writer is between those two ladies gave a valuable advice. “Whatever happens, stay alive.”

Daedalus was a mythical sculptor who lived in Athens. In one desperate moment, the man threw a stone at a bird and killed it; the stone ricocheted and killed a second bird. With the feathers, he and his son created wings with which they escaped from detention in a high tower which they had helped their tormentor to design. That appears to be the objective of General Ibrahim Babangida’s autobiography. To kill many birds with one lone stone. Still all storms; settle all scores; explain all controversies; and they are many: OIC membership, Dele Giwa’s death, Mamman Vatsa’s coup, the C-130 Plane Crash, the Gideon Orkar Coup, June 12; the SAP riots, Gulf Oil Windfall. The author thoroughly explains and analyses these as “challenges of leadership” all across the 420 pages, some from page 203 to 220. But, has he succeeded in getting these cases closed? Dirty water may quench fire but if you want to fight fire, you don’t wear clothes made of dry grass. Has Babangida’s book helped him to calm or further enrage the sea? Well, in Chinua Achebe’s words, it is “morning yet on creation day.”

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Reps Move To Regulate Cryptocurrency, POS Operations

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Concerned about the growing cases of cybercrime, money laundering, and terrorism financing linked to digital finance platforms, the House of Representatives has set up an ad hoc committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria.

Speaker of the House, Abbas Tajudeen, who inaugurated the committee on Monday in Abuja, said the move became necessary amid increasing concerns over fraud and consumer exploitation in the country’s rapidly expanding digital finance ecosystem.

He noted that while Nigeria’s resilient economy has the potential to support cryptocurrency growth, the risks associated with its unregulated operations, including its use for illicit financial flows, cannot be overlooked.

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Abbas explained that the absence of clear regulatory guidelines, coupled with the volatility and complexity of digital assets, compelled the House to intervene and establish a regulatory and consumer protection framework for Virtual Asset Service Providers (VASPs), including cryptocurrencies and crypto-assets.

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He said Nigeria’s economy has consistently demonstrated resilience, often recovering from recessions and recording growth in non-oil sectors, making it a potentially strong environment for cryptocurrency trade. However, he cautioned that the vulnerabilities inherent in digital currency operations must not be underestimated.

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“It is because of this absence of clear rules, coupled with the volatility and complexity of the technology, that the House of Representatives found it imperative to establish regulations and consumer protection measures that will regulate the activities of Virtual Assets Service Providers, including cryptocurrencies and crypto assets,” Abbas said.

He added that the committee’s mandate includes conducting public hearings to gather input from stakeholders that would guide the House in developing legislation for a comprehensive regulatory framework governing cryptocurrency and other digital finance platforms.

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The Speaker urged members of the committee to discharge their duties with patriotism and integrity, ensuring that the best interests of the nation guide their work.

In his remarks, the Chairman of the Committee, Olufemi Bamisile (APC–Ekiti), described the assignment as one of national importance aimed at striking a balance between financial innovation and national security.

“We have been entrusted with a task of national significance — to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale operations in Nigeria,” Bamisile said.

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He added that the committee would work closely with key regulatory and security agencies such as the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Nigeria Deposit Insurance Corporation (NDIC), Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigeria Police Force.

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World Habitat Day: Okpebholo Commends Building Control Agency For Developmental Milestones

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Governor Monday Okpebholo of Edo State has commended the management and staff of the Edo State Development and Building Control Agency (ESDBCA) for their significant contributions to urban growth and infrastructural development across the state.

The governor gave the commendation on Monday when he played host to the delegation of the agency in his office as part of programme to mark this year’s World Habitat Day celebration.

The deputy governor, Hon. Dennis Idahosa who received the team on his behalf, commended the agency led by the Managing Director, Mr. Imoisili Igabali, for its “selfless contributions” to the development of our dear state.

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In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa noted that the agency had played a pivotal role in driving urban renewal and enforcing modern building standards in the State, describing their efforts as vital to the government’s vision of sustainable city planning.

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“We want to thank you for being part of the growth and development of our dear state. Your work has not gone unnoticed.

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“What is most important to us is that we have the political will to ensure that this agency continues to fulfill its mandate effectively,” he stated.

He expressed optimism on the future of urban development in Edo State and pledged continued government support for the agency’s initiatives.

“On behalf of His Excellency, Senator Monday Okpebholo, I want to thank you for this wonderful day.

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“We congratulate you as a state, and we thank God for giving us a capable leader in Mr. Igabali, whose dedication and teamwork continue to yield results,” he said.

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Earlier in his remarks, the Managing Director of the agency expressed appreciation to the Governor and his deputy for their support and for taking the time to receive the agency’s delegation during the World Habitat Day observance.

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The 2025 World Habitat Day celebration in Edo State was marked with renewed calls for sustainable housing, improved infrastructure, and enhanced urban management — key pillars of the Okpebholo administration’s development agenda.

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UNFPA Launches Technical Working Group On Disability Inclusion In Northern Nigeria

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The United Nations Population Fund (UNFPA) has supported Bauchi State to inaugurate the first Disability Inclusion Technical Working Group (DITWG) aimed at promoting equity, inclusion, and human rights for persons with disabilities.

Speaking during the inauguration of the group in Bauchi on Monday, Ms Muriel Mafico, UNFPA Representative in Nigeria said that out of the 19 Northern states in Nigeria, Bauchi was the first to inaugurate the group.

According to her, the inauguration marked a significant milestone in the collective commitment in advancing inclusion, equity, and human rights for all persons with disabilities.

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Represented by Olawunmi Akande, an official of UNFP, Mafico said that disability inclusion is central to achieving the Sustainable Development Goals (SDGs) and the vision of the 2030 Agenda.

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“Disability inclusion is not an act of charity, but a matter of human rights, development, and justice.

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“UNFPA is committed to ensuring that persons with disabilities, especially women, girls, and young people have equal access to sexual and reproductive health services, education, and opportunities to participate meaningfully in decision-making processes.

“UNFPA stands ready to support this Working Group through evidence generation, capacity building, inclusive programming, and technical assistance,” she said.

Also speaking, Mr Abubakar Sambo, an official of the Bauchi State Agency for Disabled Persons, said that the objectives of the group was to promote, coordinate and collaborate through a multi-sectoral approach to disability inclusion by bringing together relevant stakeholders and Organizations of People with Disabilities.

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He also explained that the group would provide technical support and expertise in areas such as inclusive education, accessible infrastructure, health services, and disability-inclusive employment practices.

Sambo also emphasized on monitoring and reviewing policies and programmes in Bauchi State to ensure alignment with international standards and best practices.

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He added that the technical group would also advocate for disability rights through public awareness campaigns, policy dialogues, and engagement with key decision-makers, Amongst others.

Earlier, Mrs Brisca Jerome, Executive Secretary, Bauchi State Agency for People with Disabilities, said the support from UNFPA would complement the state government’s efforts toward inclusive governance.

She appreciated the support of the UN agency and the state governor for creating an enabling environment for partners to strengthen activities and programmes targeting persons with disabilities.

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She said that the DITWG consists of a 36 man group from all stakeholders in the sector.

The DITWG is to be chaired by the Executive Secretary, Bauchi state Agency for People With Disabilities.

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