Connect with us

Columnists

​OBITUARY: The memory of Dr Mike Okolo will remain positive and pleasant | Chido Nwakanma

Culled from THE PUBLIC SPHERE with Chido Nwakanma

Published

on

Dr Mike Okolo

One week later, the shock of the sudden departure of Dr Mike Okolo is wearing out. But not so the pain and bewilderment. And not the pathos. 

Dr Mike Okolo, Dean of the School of Media & Communication, Pan Atlantic University, passed to the beyond on 6 June 2020 suddenly and without any visible or known ailment.

It stunned his immediate and extended family, including the university he had served for so long.  

Okolo was a corporate communication consultant with vast experience in all aspects of corporate/public affairs. He had a track record in Internal Communication, Issues and Crisis Management, Event Management and Communication Audits.

Dr Mike Okolo
| Dr Mike Okolo during a lecture session at SMC-PAU

He also taught Public Speaking and Presentation Skills. 

Okolo had a PhD in Sciences from the University of Benin (1982), an MSc in Strategic Communication at the University of Central Lancashire (2014), and a 2020 PhD in Communication from the University of Navarra, Spain. 

He was the pioneer Corporate Affairs Manager of the Lagos Business School and also served as Alumni Relations Director. He was a classroom maestro: fair, firm, and considerate. 

Visiting is painful because of seeing how this loss affected his partner, friend and wife, Mrs Rosemary Okolo, erstwhile Registrar of the Pan Atlantic University and faculty in the School of Management. They were the ideal couple, even sharing lunch time together.

Visit you must, though, bearing in mind the message of Solomon. 

Eccl. 7:2-4: “It is better to go to the house of mourning than to go to the house of feasting: for that is the end of all men, and the living will lay it to his heart. 3 Sorrow is better than laughter: for by the sadness of the countenance, the heart is made better. 4 The heart of the wise is in the house of mourning, but the heart of fools is in the house of mirth.”

Dr Mike Okolo was the Dean of the School of Media & Communication. It was a richly deserved appointment in 2020 after the NUC forced on him a circuitous journey to a second PhD that paid no heed to his contributions to setting up the school. He stepped down the first time following NUC refusal on the grounds of lacking a PhD in communication and then set out to get it. 

That journey epitomized Dr Okolo. He was focused, dedicated and committed. When and if he sets out on a course, he stays on it until accomplishment. 

He was dapper in the best traditions of the corporate world. 

The Fundamental Fs of Life mattered to the late academic. The Fundamental Fs are faith, family and friends. There are two other Fs of fame and fortune, but the Fundamental Fs speak to the essence of life. 

Dr Mike Okolo
| Dr Okolo and Mr. Nwakanma

The Three Fs that mattered to Dr Okolo play out boldly in his passing. Even in their sorrow, the Okolo family not only affirm their faith but also evangelises. As you sign the condolence register, they offer you an Opus Dei prayer card. Okolo belonged to Opus Dei, a prelature of the Catholic Church that urges Christians to find God in their daily lives and sanctify their work. “Wherever your yearnings, your work, your affections are, that is the place for your daily encounter with Christ. It is there in the midst of the most material things of the earth, that we must sanctify ourselves, serving God and all people”, in the words of Saint Josemaria Escriva, founder. 

I had the privilege of teaching two Okolo children as undergraduates. They reflected good breeding or what I now term WBU children. Well Brought Ups (WBU) are a walking statement of the values of their families. These children were ideal students: they were studious, dedicated and focused. They comported themselves so decorously no one could tell that their parents were part of senior management, unlike many children in such positions. No surprise that they graduated with the highest honours. 

Dr Okolo had a stern appearance until he offers his beatific smile. His smile is warm, friendly and reassuring. Oh, I should say was. It is still difficult to speak of him in the past tense. 

Okolo led a team of postgraduate students to Birmingham City University as part of course requirements. Years of teaching professionals guided his conduct. He provided guidelines and then allowed everyone to express themselves. 

Okolo was scrupulous and meticulous in every endeavour. He cared about nutrition and fitness. On that trip, he enjoyed the long walks on the campus of the University of Oxford. Walking was a regular pastime. It was thus strange to hear of a sudden cough and heart attack as the immediate cause of his death. This life is soChukwuma. 

Take heart, dear Okolo family that Dr Mike left behind. You have a solid foundation of nurture and extensive goodwill that business managers now recognise as a tangible asset with strong valuation. Take heart, SMC family, academic and professional colleagues. The memory of Dr Mike Okolo will remain positive and pleasant. 

Dr Mike Okolo
| Burial (arrangement) announcement

The mortal remains of Dr Mike Okolo will be committed to mother earth on 24 June 2022 after masses in Lagos and Asaba.

[NB: This article was first published on Mr. Nwakanma’s FB page]

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

Continue Reading

Columnists

Atiku and Asiwaju’s Economic Management as the Only Good Still Left of Nigeria’s Economy

Article By Hashim Suleiman

Published

on

Atiku Tinubu
Atiku Abubakar and Bola Tinubu; PDP and APC 2023 Presidential candidates

When once a society derails from encouraging robust conversations from all divides and objective ones at that, it has basically lost the most common basis for development and some of us have taken it a duty to bring these points to bare, perhaps we may see the light and begin to open up these conversations for the gullible, the half-gullible, upcoming ones and those who may have missed out on certain points.

As our democracy is growing through natural tendencies and less citizenry efforts, so many of the citizens seem to be forming this holier than thou character which appears to denigrate the efforts that certain patriots have sacrificed to achieve regardless of how imperfect, recall that same people could even do worse if given same opportunity because a lot of their opinions are not borne out of criticality but rather beer parlor talks, bandwagon and a general character of mischief that promotes pulling down people.

I have said in several fora that I’d be grateful if God can bless me as much as He did Obasanjo and so many others, this is to dissuade those young people who could be easy to throw tantrums and insult on these statesmen without understanding that they only gave what they had under the prevailing circumstances.

They also do this some other times for support of their political icons forgetting that the entire elites are friends and bare no grudge less for political bashings that remain basically games to them.

Accordingly, I’d like to remind the citizenry of the exceptional strides that Atiku Abubakar and Bola Tinubu had put in to our economy which remains the only bedrock that is still keeping the economy of the country moving. Everyone practically latches on them to be able to pull of some achievements of government.

You may recall that Atiku as the chairman of the economic management of the country between 1999 to 2007 opened the economy to the world by simply assembling sound brains who had the KnowHow and he monitored alongside his boss to ensure they delivered the much they did.

He first identified government had no business doing business and they quickly lobbied the National Assembly to pass the Act on privatization which saw to the setting up of the Bureau of Public Enterprises that was headed by Nasiru Elrufai himself a recruit of Atiku Abubakar to midwife the sale of government businesses that are today still functional like Ntel which provides one of the best bundle services in Abuja, Lagos and Portharcourt.

Regardless of how imperfect, it’s still employing thousands and standing on its feet, imagine what could have happened to her if it was not privatized. So many of the private Telcos are leveraging on their infrastructure to do business, some monies are changing hands through that too.

Recall also that all the policies around IPPIS, GIFMIS, TSA, FIRS etc which ensures mop up of revenues and discourages wastages were babies of an Okonjo Iweala and her lieutenants like Okauru and others. Atiku Abubakar equally shopped these individuals and supervised them to ensure deliveries, every government policies afterwards has leveraged on these policies to be able to make something good of their economic policies.

Nuhu Ribadu was equally recommended by Atiku for recruitment to pilot the setting up of the EFCC and it’s not in doubt how that institution has remained what every administration uses to attempt to fight the almighty corruption.

It was indeed robustly set up as it has stood the test of time. People would accuse him of privatizing to himself and same people will today say he is broke but I have never seen one person that has pointed to what Atiku sold to himself till today.

This space will not be enough to highlight all of Atiku’s economic strides in that era but I have highlighted enough to get people to begin to research and perhaps expand the conversation.

On the other hand, Asiwaju’s economic management of Lagos did no small help to the Nigerian economy as every other Nigerian leaders that have emerged after 2007 have had to leverage on the revenues from Lagos to ramp up VAT collections and subsequent sharing by all tiers of government.

The opening up of the city to beautiful infrastructure had provided an opportunity for the entertainment industry to blossom leading to influx of Forex through international shows as well as the provision of ample employment opportunities.

Little wonder why the young entertainers in lagos don’t care who the next president is, they would rather organize a carnival of a protest like ENDSARS and share food to themselves while dancing- ‘catching cruise’ like it’s said in local parlance.

Asiwaju’s human capital development has also led to the availability of human resource to manage the very difficult task of managing critical sectors. President Muhammadu Buhari would thank such efforts as it provided him ample Human Resources to utilize for his administration.

Therefore, the 2023 elections have presented very fine gentlemen who have utilized their times and opportunities to leave a mark that is undeniable in the history of our dear nation no matter how imperfect. I would continue to wonder who would celebrate ours for us if not us, there is absolutely no reason to continue to denigrate these individuals considering more of the fact that they have learnt appropriate lessons to improve on the lot that they have both achieved if given another opportunity. Recall also that we may not be able to do better if given the opportunity.

Consequently, I submit that head or tail Nigeria stands to benefit from the outcome of the 2023 elections, let us support appropriately, improve the conversations, reduce the bitterness and imbibe optimism and positivity for the hope of a better nation going forward.

God bless Nigeria. Hashim Suleiman can be reached via [email protected]

Continue Reading

Columnists

Building collapse in Nigeria: The Ikoyi tragedy

Overzealous clients and their over interference on building contracts can lead to building collapse, writes CHUKWUEMEKA OLUKA

Published

on

Ikoyi building collapse 1

The incidences of building collapse in Nigeria have become a great concern to authorities and stakeholders in the building industry. Many lives and properties have been lost in the collapse of buildings – mostly residential buildings. Many lives, including those of property owners, have been sent to their early graves because of a few actions and inactions of some individuals.

Despite the advancement in technology, cases of building collapse do occur in advanced countries and developing countries alike. But its occurrence is more in developing countries. Records show that building collapse in developed countries is less attributed to man-made causes.

They are mostly due to natural disasters like earth tremors, flooding, wildfire, earthquakes and so on. In developing countries like Nigeria, man-made causes are usually the leading factors.

There is the challenge to provide adequate shelter for numerous rural-urban migrants and this makes the cases of building collapse more in developing cities as a result of the influx of people trooping into these cities.

Usually, a combination of factors comes into play when unravelling the cause of building collapse. But from many incidences, structural failure has become a major factor accounting for building collapses in Nigeria.

By structural failure, it means the loss of the load-carrying capacity of a component or member within the building. Structural failure does occur when a design does not capture the actual loading conditions on a building. Such a design becomes defective and can lead to the collapse of the building.

Using inferior construction materials can also cause structural failure which in turn can make a building collapse. Since loads on a building are meant to be calculated bearing in mind materials of specific characteristics, the use of the wrong or substandard materials becomes a huge compromise.

For instance, when a 16mm steel rod is used in place of a 20mm rod, or when bamboo is used as an alternative for steel reinforcement especially for permanent structures, it becomes a matter of time for the cookie to crumble. Even if the design is satisfactory, a building may still fail when the materials used are not the appropriate ones or when unskilled labour is employed for construction works.

Overzealous clients and their over interference on building contracts can lead to building collapse.

These clients change contract documents and the scope of work of building projects at will. They usurp the role of the contractor and the contractor is left with no choice but to follow the client’s instruction hook, line and sinker just to keep his job to the detriment of safety.

Corruption, bribery and greed have also been a recurring decimal whenever the root causes of building collapse in Nigeria are investigated. Some building contractors, government officials and professionals in the building industry have been indicted in this regard. On most tragic occasions, they don’t come out smelling of roses. The contractor wants to minimize cost to the barest minimum, and so he buys substandard materials to divert some monies to his pocket. Sometimes, this is done in connivance with the shady structural Engineers and Architects.

It is even saddening to see this happen when contractors are not owed any contract fee. Also, unscrupulous government officials sent to building sites to inspect materials will collect bribes from developers and end up compromising inspection results. The situation is indeed a grave one.

An Igbo adage is translated to mean, ‘when someone else’s corpse is being carried, it looks like a firewood.’ If you haven’t lost a close relative or friend through a building collapse, then, that adage may not make any meaning to you. Oftentimes, when the mainstream media report these incidences, they show no respect for the dead. They do not tell the true story. Sometimes, casualties are under-reported to save some heads from rolling.

On Monday, 1st November 2021, the month was heralded with the heart-wrenching news of the collapse of a 21-storey building located on Gerrard Road, Ikoyi, Lagos trapping scores of people while others were injured.

Many were feared dead. The Ikoyi building collapse has been trending for over a week now and it has been plagued with a lot of controversies. One week after the collapse, there have been no fewer than 44 casualties from the debris and 15 survivors though there is still no official figure of how many people were in the building when it caved in.

This is a building that was meant to be an apartment with two other towers not as high as the 21-storey.

The structure was said to be 80 per cent completed. It comprised four-bedroom maisonettes flats, duplex and penthouses, and was 65 per cent sold out according to Highbrow living Magazine.

‘The 20-floor strictly residential facility is the brain works of Fourscore Homes, evolving from a desire to build an original masterpiece. The concept is to have service flats in the three towers for residents to experience a stress-free lifestyle, complete with a hotel flair with a 360-degree view of Lagos state,’ the magazine reads.

The proprietor of the collapsed multi-storey building and the Managing Director of Fourscore Heights Limited, Femi Osibona, whom himself died in the tragedy had exhibited expertise in property development in the United Kingdom, United States and South Africa.

Also, Nation newspapers reported that his real estate development firm is a member of the National Home Builders Regulation Council (NHBRC) in South Africa and Zurich Building Guarantee in Europe. Yet, there have been allegations that he used sub-standard materials and cheap labour to execute the gigantic project.

There’s been a lot of controversies all week regarding the ownership of the tragic property. SaharaReporters’ publication of November 4, 2021 reads, ‘Different sources on Tuesday told SaharaReporters that the landed property was bought by Osinbajo from Chief Michael Ade-Ojo, founder of Elizade Motors (Elizade Nigeria Limited) shortly after he became the Vice President.  However, in a swift reaction, the Vice President, Yemi Osinbajo had vehemently denied any insinuations linking him to the ownership of the collapsed multi-storey building. Premiumtimes reported that he had also threatened legal actions against sources that made the allegation.

In an opinion article on Thisdaylive titled, ‘The unsolvable Jigsaw of the Ikoyi Tragedy,’ Dele Momodu, a journalist and writer says the late Femi Osibona, owner of Fourscore Homes and developer of the 21-storey building that collapsed was a cousin of the Vice President, Yemi Osinbajo. One then begins to wonder if anyone can conveniently connect the dots because nobody seems to own anything in Ikoyi when accountability is needed. Does the N13billion found in an Ikoyi flat ring a bell? Ownership of properties in Ikoyi does appear to be shrouded in secrecy.

Meanwhile, a staff member of the Lagos State Building Control Agency (LASBCA) in the same November 4, 2021 publication told SaharaReporters thus, ‘I know the building is owned by a top government official, the man in question, Osibona was only fronting for the government official. We received an order from above to stop going to the site during monitoring.

I heard the Vice President intervened when the project was sealed off early in the year but I can’t say maybe he is the owner. Don’t forget they are both from Ikenne in Ogun State.’ The report further disclosed that Gbolahan Oki, the General Manager of the agency was suspended.

Also, there have been controversies as regards how the building became 21-storeys. Conflicting stories have been heard between the Deputy Governor, Obafemi Hamzat and of course the suspended LASBCA boss, Gbolahan Oki. SaharaReporters again gathered that while Obafemi Hamzat claimed the owner of the collapsed building got approval for 21 floors, Gbolahan Oki maintained that the building got approval for a 15-storey and that the limit was exceeded. Mr Oki further alleged that the materials used were so inferior and terrible. However, the Deputy Governor would later disclose that the ill-fated building was sealed around June because of some abnormalities. ‘They were taking corrective actions when this (collapse) happened’ he said.

In a related development, Vanguard revealed that Femi Osibona, the deceased developer of the Ikoyi building which collapsed, ignored directives by the Lagos State Physical Planning Permit Authority, LAPPA, to insure the structure. He failed to insure the liabilities associated with the construction of the building. Findings show that ‘a developer of any building above two floors shall insure his/her liability in respect of construction risks and submit a Certified True Copy, CTC, of such insurance policy certification with his/her development permit to LASBCA.’ Would this be a lesson for developers to take insurance frameworks seriously?

Well, amidst the tragedy and confusion, one good thing is that an investigative panel has been inaugurated by the Lagos State governor, Babajide Sanwo-Olu. While some Nigerians have lamented the barring of journalists from the panel, others have alleged that the panel is sworn under an oath of secrecy.

So, they fear that the panel’s findings may never be made public. Some however commended the governor for the executive bill he signed to give legal backing to the panel during their period of sitting.

While it may not be appropriate to pre-empt the outcome of the inquest and the investigations of the panel, Nigerians expect the panel to leave no stone unturned. They expect a post-mortem to be carried on the bodies before they are released to their families.

It is expected also that survivors of the building mishap should be made to stop talking to the media. They can potentially become witnesses and so, their identities and locations should be protected because it is gathered that Witness protection does not exist in Nigeria.

Nigerians want the six-member panel to be pretty professional and factual in their findings. This is the only way the circumstances surrounding the collapsed Ikoyi building can be demystified to bring all culprits to justice. This will prevent a recurrence of such tragedy.

Then, if the Lagos State government is truly sincere, those who own interests in the Ikoyi collapsed building must be known and investigated. No sacred cows. There should be accountability for the dead and families who lost their loved ones must be compensated. May the souls of those who died in the Ikoyi building tragedy rest in peace, amen. May God grant grieving families the strength to bear the loss and may He also grant speedy recovery to the injured.

About The Writer

Chukwuemeka Oluka writes in from Enugu, Nigeria. He is a passionate writer and a research enthusiast. He is also a graduate of Electronic and Computer Engineering from Nnamdi Azikiwe University, Awka. He tweets @mekus_oluka and can be reached via w[email protected]

Continue Reading

Columnists

Spraying The Naira: Is the CBN Or The Police Toothless Bulldog?

Written By: Chukwuemeka Oluka

Published

on

Spraying the Naira and the CBN threats

Just when I thought I had seen it all with the Naira notes flying and making breath-taking and jaw-dropping stunts at a funeral in Oba, then came popular cross-dresser Bobrisky, who decided to make another shade of ‘doings’ recently in Lagos on the occasion to mark her… I mean, his 30th birthday anniversary.

Once again, the Naira flew at different coordinates from the spraying hands of guests and well-wishers at the venue, finding their ways to the ground while everyone danced on them. One begins to wonder; can the event at Bobrisky’s birthday party ever come close to the outlandish socialite funeral we all witnessed in Oba?

Anyways, the crux of the matter isn’t about social events competition, but it is about how the Naira – Nigeria’s legal tender, is being abused, evidenced by its spraying during social functions. To this end, this article examines the nuances associated with this practice, taking greater consideration on the place of stakeholders like the Central Bank of Nigeria (CBN) and the Nigerian Police in fighting the illicit practice. Are these stakeholders toothless bulldogs in this fight?

In the meantime, a toothless bulldog will bark, look tough, fierce and intimidating. It will charge at you but will take no further action. It isn’t going to bite because it has no teeth. Such could be the case with the apex bank and the Police since the CBN Act of 2007 was introduced to fight the spraying of the Naira during social functions.

A statement by a former CBN spokesperson, Isaac Okoroafor once read; “If a celebrant is dancing and you spray him/her, you may go to jail from the party venue, because the law enforcement agents will be there, waiting to arrest you. The law enforcement agencies must catch offenders and take them to court. Our (CBN) collaboration with the Police will intensify as we move to implement the mobile court for offenders.”

Interestingly, the recent funeral of the mother of Obinna Iyiegbu, a Nigerian business magnate and philanthropist, popularly called Obi Cubana in Afor Uzo, Oba, in Idemili South of Anambra state was teeming with police officers including the now embattled Deputy Commissioner of Police and leader of the Inspector-General of Police’s Intelligence Response Team, Abba Kyari.

For Kyari, he claimed he attended the burial to honour a brother and good friend. However, while you’d think other police officers too numerous to mention were there to apprehend guests who flouted the CBN’s jail warnings by spraying the naira, the policemen were seen guarding and guiding moneybags while they sprayed and hurled wads of Naira note in the air in a lavish and ostentatious show of wealth.

This glamorous funeral typifies what we see every day on television and social media. Wedding receptions, naming ceremonies, birthday and house warming parties of the high and the mighty are characterized by scenes where naira notes are being sprayed. A visit to these social functions would also reveal the hawking of mint notes. This is so, because, newly printed money looks more appealing to be sprayed.

What you should know

Improper handling of the Naira does not only involve spraying them. Other unwholesome practices against the Naira comprise writing on it, squeezing, stapling, tearing, soiling and/or mutilating the Naira.

These abuses constitute an offence, punishable by law.  Section 21(1) of the CBN Act 2007 states, that any person who tampers with any legal tender, coin, or note issued by the CBN is guilty of an offence. The offence also includes selling, buying, and squeezing of the Naira.

These offences are punishable with six-month imprisonment or N50, 000 (fifty thousand naira) fine or both upon conviction. Sub-section 3 of the Act (as amended) reveals that “spraying of, dancing or matching on the Naira or any note issued by the Bank (CBN) during social occasions or otherwise howsoever shall constitute an abuse.”

The same Act in Section 5(i) goes further to capture ‘Matching’ to include spreading, scattering, or littering of any surface with any Naira notes or coins and stepping thereon, regardless of the value, volume, occasion or intent. In section 5(ii) ‘Spraying’ includes adorning, decorating, or spraying anything or any person or any part of any person or the person of another with Naira notes or coins or sprinkling or sticking of Naira notes or coins similarly regardless of the amount, occasion or the intent.

The result

The improper handling of the Naira reduces the longevity of the banknotes. It also involves a lot of money to replace defaced or mutilated ones by the apex bank. When the Naira is being sprayed during occasions, people step on them leading to its mutilation. This practice doesn’t speak well of us as a nation.

It should be recalled that the Naira is an integral element of our national identity. Others include the national anthem and the national flag. A careful examination of the ways these elements are held reflects how Nigerians see the concept of National Identity and pride. Do we, therefore, hold the Naira as a totemic symbol that inspires some level of pride?

I guess the answer is not in the affirmative. Rather, we would treat foreign currencies like the Dollar and Pound Sterling carefully.

We like to keep them in a decent place in our wallets and bags – treating them as though they are newlywed brides. But for the Naira, we treat with disdain and indignity.

How then did we get here?

While many think this practice has to do with the nose-diving confidence in the exchange value of the Naira against other currencies, this article opines that the practice results from a culture of indiscipline, impunity and disrespect for our laws. If we have a situation where laws are obeyed and enforced, people will listen and sit up.

A visit to our traffic junctions, petrol stations, and airports reveal all manner of bedlam; but crossing over the borders of Nigeria into other developed nations, you see the same people who flout laws in Nigeria doing things right like joining queues.

Why? Because in those climes, once you break the law, irrespective of your social status, you will be penalized. The major challenge we thus have in Nigeria is not a dearth of appropriate laws; the bane lies in implementation.

Sadly, most of those guilty of this infraction are politicians, the rich, and those at society’s upper echelon. This is why implementing relevant sections of the CBN Act to curtail the spraying of the Naira remains a herculean task.

The CBN as a financial regulator or the Police has therefore made itself into a toothless bulldog that is never going to bite at offenders and get them prosecuted.

Since 2007 that the law against the spraying of the Naira has been in place, reported cases of arrests have mostly been about those hawking the Naira, not those spraying it. One wonders when enforcement would commence if, after more than a decade, the CBN and the Police are yet to hit the ground running with prosecutions.

Conclusion and way forward

What the country needs now is deliberate enforcement of Section 21(1) of the CBN Act. But enforcement of the law is not for the CBN alone. Law enforcement agents should rise to the occasion and perform their statutory roles to save the Naira from lingering abuse.

Relevant sections of the CBN Act should be strengthened to deal with officials of regulatory bodies, banking and finance sector operators, and law enforcement agencies who organize social functions where the Naira is being sprayed and abused. This will punish them due to the bad example they set.

In the meantime, because of the poor financial literacy level in the country, awareness campaigns on the need to treat the Naira with utmost dignity should be encouraged in different indigenous languages.

The CBN can compel various commercial banks to sponsor radio and television jingles in this regard. Organizing essay competitions to proffer pragmatic ways to curb this practice won’t be a bad awareness idea at all by the apex bank.

Also, if raiding occasions where guests and celebrants spray and dance on the Naira would lead to a possible shut down of the event, men of the police force can begin to collaborate with men of the Press while they cover social events.

Video footage of these events can then be used to trace offenders and get them arrested. Meanwhile, when arrests are made, they must be publicized to serve as a deterrent for others.

Notwithstanding, the CBN shouldn’t shy away from identifying and truncating the network of cartels that have hijacked mint notes meant to be withdrawn over bank counters and from Automated Teller Machines (ATMs).

Commercial bank managers who aid and abet such cartels should be made to resign and blacklisted. In a related development, hawkers of mint naira notes at social events must be rounded up and prosecuted. It is only when these hawkers are apprehended that spraying of the Naira at these social gatherings can be reduced.

In all, unless the CBN and the Police show strong commitment and will to implement relevant sections of the law meant to fight the spraying of the Naira, not minding who the culprits are, they may just remain a toothless bulldog that will continue to bark but will take no further action because, it cannot bite.

About The Writer

Chukwuemeka Oluka writes in from Enugu, Nigeria. He is a passionate writer and a research enthusiast. He is also a graduate of Electronic and Computer Engineering from Nnamdi Azikiwe University, Awka. He tweets @mekus_oluka and can be reached via [email protected]

Continue Reading

Trending