The Siege of Kleptocrats and Kakistocrats, By Bámidélé Adémólá-Olátéjú - Premium Times Opinion

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Opinion: The Siege of Kleptocrats and Kakistocrats, By Bámidélé Adémólá-Olátéjú

The near constant news reports about staggering amounts of funds traceable to former and current public officers are troubling. With every humongous find, one begins to wonder if there is any iota of hope for Nigeria in the management of its finances. Aside from theft is the problem of crass incompetence and profiteering from misery.

Who has taken the blame for the thirty people who lost their lives in Auno, Borno state because soldiers withdrew and terrorists took over. No one has resigned, no one has been suspended or removed. The President gave his standard meaningless tripe while the rest of us moved on to our bread and butter issues. We have heard the same thing over and over again, we have become inured to violence. Everywhere, scoundrels are a permanent fixture in the halls of power.

Every passing day, our problems assume more frightening dimensions. Productivity is sinking, tax to GDP ratio is laughable, borrowing has grown so much as to threaten growth and economic viability. None of these discourages the kleptocrats, there is no let-up in the stealing of public funds. We are constantly tormented and traumatized by people like Theodore Orji who allegedly has N521 billion stashed in his sons accounts.

That a man would steal N521 billion stretches the imagination. This humongous level of stealing signposts a total breakdown of discipline in the management of public good. Sadly, it is now culture because of personal greed and predilection for get-rich-quick and ostentation without recourse to the source of wealth. When Buhari promised us change, we weren’t expecting institutional stupidity like the $500 million that will instantly transform the dour, weak and ineffectual NTA to CNN.

 

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