Emefiele’s terrorism mess, By Festus Adedayo

The audacity of the DSS in leveling terrorism charges against a top officer of state, the CBN governor, without noticeable recourse to the president, is a manifestation of awareness in top circles that Buhari is a boringly weak leader. Emefiele is also said to have stayed back abroad… This has provoked the claims of analysts that this is a confirmation that Emefiele knows that the bloodsucking paws of the vultures gathered against him can reach him faster than the protective shield of the Buhari presidency.

If you read God’s Bankers: A History of Money and Power at the Vatican, you would have a whiff of understanding of the battle that assails, and the nature of the assailants of, Godwin Emefiele, Central Bank of Nigeria (CBN) governor. God’s Bankers, written by Gerald Posner, is an expose on the Papacy and the Holy See, known to be the world’s biggest and most impregnable religious institution ever. Posner, reputed to be a “master chronicler of legal and financial misconduct,” carried out a deep investigation that lasted nine years, into how the financial octopuses of the Vatican, known as God’s bankers, waded through the ocean of wealth, intrigues, and corruption in the Catholic Church.

With a fine toothcomb, which he pierced the darkest secrets of the Vatican, Posner was able to meticulously locate and prise open cracks in the Holy See, revealing legendary and long-lost secrecies that have acted as the underbelly of the Vatican. Like David Yallop’s In God’s Name, Posner was able to expose how the church accumulated wealth and the byzantine, cobweb-like furrows of its financial malfeasances all over the world. From the narratives of cardinals, prelates, bishops and popes, who were in charge of the Vatican in the previous 200 years, Posner uncovered the lead of eyebrow-lifting narratives of how power and money were shuffled, as they do in games of cards, inside one of the world’s most dreaded but influential religious empires. In God’s Bankers, you are confronted with a cache of revelations of how business moguls were poisoned; how prosecutors disappeared and some were found with holes in their heads; how obvious murders were swapped as suicides and the tension of power in the inner court of the Vatican. These were all traced by the author who plotted the graph of how the Vatican mutated from its initial conception as a bastion of faith into a convoluted empire of immense wealth, power and systemic corruption.

In a Nigeria where the grotesque and the absurd are everyday commonplaces, Nigerians should rank as possessing some of the most vibrant shock-absorbing mechanisms in the world. Yet, last week they were shocked beyond comprehension. News suddenly hit the airwaves that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, was embroiled in a terrorism financing allegation. The first thought that coursed through the minds of many was that the allegation was a broth straight from the pot of yellow journalism. On a more careful perusal, the news shed its veil of social media gossip. In actual fact, so it unfolded, the Department of State Services (DSS) had secretly filed a suit to have Emefiele arrested over terrorism charges. The ex-parte suit, filed at the Federal High Court, Abuja, before Justice John Tsoho, was however dismissed by the court, due to what it called a subterranean ploy and an illegal operation; indeed, it was considered a “plot to deceive the court into granting a frivolous order to help them arrest and deprive an innocent man of his personal liberty.”

Innocent man?

In the suit No FHC/ABJ/CS/2255/2022 and its affidavit depositions, DSS had averred that its preliminary investigation revealed various acts of terrorism financing, fraudulent activities perpetrated by Emefiele and his involvement in economic crimes of national security dimension. Prefacing its prayers on Section 66 of the Terrorism Prevention and Prohibition Act 2022, the plaintiff asked the court to grant an order for the arrest and detention of the CBN governor for 60 days. By the wording of the Act, if that ex-parte application was granted and Emefiele clamped in a 60-day detention, the order could be renewed for another 60 days or until investigation into the alleged misdemeanour is concluded. Such a person would be held incommunicado during the pendency of the investigation. The judge however ruled that DSS provided no concrete evidence to back up its very grievous allegations.

Peeled of its legalese, Nigerians are scared stiff of the implications of these allegations. Yes, Emefiele has behaved like a rogue CBN governor, the most roguish in the history of that office ever, while he got enmeshed, early this year, in a scandalous but subterranean angling for the Nigerian presidency. In the process of that obtuse ambition, billions of what would appear to be Nigerian money were incinerated in this amorphous bid. This notwithstanding, news of Emefiele’s alleged involvement in terrorism financing is not a bar room gossip that should be flung off with a beer fly whisk.

Having sufficiently mastered the geography of propaganda and image burnishing techniques that are the turf of Nigerian politics, Emefiele apparently began to play the politics of immediately re-contextualising the grievous allegations with which he was tar-brushed. One after the other, his lackeys and political beneficiaries started appearing in the media, voicing their dissent to the Emefiele terrorism allegation. All of these dissenting voices to the DSS allegation, if the Nigerian propaganda mechanism is to be factored in, must have been actioned by Emefiele himself or induced by politicians who stand to make political currency from this activity.

First to march out in protest was a group that called itself the Coalition of Civil Society Organisations (CSOs), which is said to comprise bodies such as Lawyers in Defence of Economic Rights and Justice, Forum of Chairmen of Political Parties, Ethnic Youth Leaders of Nigeria, Buhari Legacy Defenders, African Centre for Justice and Human Rights, Arewa Consultative Youths Movement, and Ohanaeze Youths Movement.

The group marched to the Office of the Attorney General of the Federation and submitted a petition against the DSS boss, Yusuf Bichi. It also submitted a similar letter to the office of the President, the Secretary to the Government of the Federation, and Inspector General of Police, and it addressed a press conference where its convener, Tochukwu Ohazuruike, outlined the organisation’s grouses. It queried the DSS, which is headed by an appointee of the president, who however “brazenly undermined” the head of state’s authority and “carried out actions that could so destabilise the government and the economy of the country.” It asked how Emefiele could be accused of being a terrorist and yet be allowed to travel with the president, thus having unrestricted access to the head of government. The last straw was the group’s claim that the goal of what it called the witch-hunt of Emefiele was both political and financial.

What should agitate Nigerians more is that, thus far neither the Nigerian government, President Buhari nor the ruling All Progressives Congress (APC) has spoken about this bothersome matter. Yet, the Emefiele terrorism charge is held as a strong symbol of the kind of government Buhari has run in the last seven-and-a-half years or so.

“It must be stated clearly that the entire purpose of this dastardly plot was for political and financial benefit. The people in the plot are really very strong people and indeed the high and mighty in the government and in our country,” it said.

Individuals and groups have also latched on to the alleged politics in the terrorism allegation. One of such was the Conference of Nigeria Political Parties (CNPP), which tasked the Federal Government to investigate the allegation that it labeled as a plot to frame Emefiele. CNPP further raised the allegation that the DSS was derailing from its statutory role and becoming a tool in the hands of desperate politicians.

“Those who want to receive and spend money without any traces are those who have been kicking against the cashless policy of the CBN. If you have legitimate money, why are you afraid to wire the money through bank transfers? Why are you afraid of cash withdrawal limits? There is no limit to the amount you can transfer through the bank but because they are having our stolen money, they don’t want to make traceable transactions and that is the sin of Godwin Emefiele. That’s why they want him out of the way before the election so that someone who can do their biddings is appointed to reverse the cashless policy implementation,” CNPP said.

A group, which called itself the Center for Financial Surveillance and Illicit Transaction Tracking Group (CSITT) also jumped into the fray. In a release issued by its director, John Dimu, CSITT raised a poignant alarm of looming consequences that could follow what it called the “unprovoked attack” on the CBN governor. The attack, it said, was borne out of a disavowal of the new cash withdrawal policy of the apex bank. Egmont Group, a 164-country forum with the core responsibility of providing a platform for the secure exchange of expertise and financial intelligence, so as to combat money laundering and terrorist financing, said CSITT could sanction Nigeria for the “witch-hunt” of Emefiele.

A chieftain of the Peoples Democratic Party (PDP) and former Senate President, Bukola Saraki, in a statement, also condemned the DSS charge, advising the Nigerian security agencies to refrain from being manipulated by politicians as the 2023 polls draw near. “With all the due respect that I have for the DSS, as a very professional security agency, I still found it very difficult to understand what led to the charges, why concrete evidence that will enable the court to take a good decision was not provided and why the Department gave room for suspicion and speculations as the case file has gaping holes as noted by the Judge John Tsoho,” he said.

Speaking in the same vein last Wednesday, Lord Hannan, the Baron of Kingsclere, a adviser to the Board of Trade and Conservative peer, queried the DSS charge of Emefiele with terrorism at the House of Lords. He said: “The rule of law, due process and the independence of public officials: these values matter. They bind us together as Commonwealth nations… That is why I have raised the issue of the attempt to detain the Governor of the Central Bank of Nigeria, Godwin Emefiele, in Parliament. And that is why I hope that democrats on all sides will join Nigeria in supporting the independence of its institutions in the run-up to the 2023 election – including, of course, the central bank.”

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What should agitate Nigerians more is that, thus far neither the Nigerian government, President Buhari nor the ruling All Progressives Congress (APC) has spoken about this bothersome matter. Yet, the Emefiele terrorism charge is held as a strong symbol of the kind of government Buhari has run in the last seven-and-a-half years or so.

One is tempted to pity Emefiele who, like Posner revealed in God’s Bankers, is strapped in a vault of dangerous, vaulting ambitions that clash like cymbals. To continue to occupy his position as Nigeria’s No. 1 Bankers’ Banker, Emefiele dined with the devils of power who dragged him into the raw sewage of political power. The devil is asking for propitiation now. Its demand is in pounds of human flesh. Will Emefiele offer himself as sacrifice?

Notorious for his aloofness, embarrassing taciturnity, snailish drag in taking decisions on dire matters of state, these unstatesmanlike qualities have drawn Nigeria backwards under Buhari. The loopholes of this laidback leadership style have been bored even deeper by individuals with an eye on taking advantage of the presidential decision-taking hiatus. The actions of these proxies have led Nigeria and the system to grave consequences. Some have even said that Buhari’s 2015 prefacing of his government as “belong(ing) to everybody and to nobody” was a clear summary of the drudgery in office, which he eventually manifested

For instance, when Buhari – ensconced in his snailish shell prior to the All Progressives Congress (APC) presidential primary – dilly-dallied on his preferred choice of a successor, a group of people in the presidency gave a possible Emefiele presidency a larger-than-life image. In the process, this mopping-stick group succeeded in squeezing liquid cash, said to be in billions of naira, from Nigeria’s Number One Bankers’ Banker and inflicted a serious danger on an Hiroshima proportion on the a-political office of the CBN governor.

At the end of the presidential primary, not only did Emefiele hurt some top guns in the presidential race, his integrity as Nigeria’s financial umpire suffered a serious setback. It was said that he would never remain the same. After that fox-like angling for Aso Rock, which Emefiele shrouded in infantile denials, the image of the Buhari government got dented in no small measure. A clear-sighted, unambivalent and purposeful government would have shown Emefiele the gate of the CBN afterwards, but not Buhari. The tragedy of it all is however that, if asked about the entire Emefiele-for-president furore, we may be shocked that Buhari’s response would be that he never knew that Emefiele ever took that shameful step. Buhari doesn’t appear to know anything and the proxies who act for him enjoy the veil on the president’s face. It is the veil under which the cabal re-angles presidential policies to suit their interests, cavalierly call the shots and take atrocious steps that have taken Nigeria to where it is today.

After superintending over an unprecedented somersault of the national currency in Nigeria’s history within the period of the Buhari presidency, the currency redesign policy of Emefiele has been held as one of his most redemptive moves ever. Its advantages for the polity are myriad. First is that it will stem the Nigerian currency’s journey to Zimbabwe, which it embarked upon under Buhari. Second is that it will take the winds out of the sail of the vote-buying strategy of Nigerian politicians, as they have reportedly warehoused billions of naira in personal vaults for the 2023 elections. Third, it will bring sanity to the worthless binge that the Nigerian naira is enveloped in.

Methinks the gravest allegation that those who are ranged against Emefiele hold aloft against him is that he is being used by those selfsame proxies of Buhari to emasculate some politicians financially, while conferring this same financial advantage on their opponent. Thus, having allegedly had the EFCC, DSS and strategic agencies under their armpit, it was time for Emefiele’s adversaries, the political vultures of Nigeria, to unleash these agencies on Emefiele. When you add this to the disgust of the vultures at Emefiele’s audacity in contesting the primary election against them, configuring trumped up charges of terrorism against him may just be their last card in this 2023 race to achieve their life ambition.

The audacity of the DSS in leveling terrorism charges against a top officer of state, the CBN governor, without noticeable recourse to the president, is a manifestation of awareness in top circles that Buhari is a boringly weak leader. Emefiele is also said to have stayed back abroad, rather than return to Nigeria with the president, with whom he had earlier travelled. This has provoked the claims of analysts that this is a confirmation that Emefiele knows that the bloodsucking paws of the vultures gathered against him can reach him faster than the protective shield of the Buhari presidency. To understand the weakness of the president and his inability to bring sanity into this messy scenario, one can just imagine what would have happened to the conjurers of this grisly terrorism charge if they had dared to do the same under Olusegun Obasanjo.

One is tempted to pity Emefiele who, like Posner revealed in God’s Bankers, is strapped in a vault of dangerous, vaulting ambitions that clash like cymbals. To continue to occupy his position as Nigeria’s No. 1 Bankers’ Banker, Emefiele dined with the devils of power who dragged him into the raw sewage of political power. The devil is asking for propitiation now. Its demand is in pounds of human flesh. Will Emefiele offer himself as sacrifice?

Fabowale’s Memoir

In 1995 when I came to Ibadan to practice full-time journalism, one of the weavers of words held in high esteem at the time was Yinka Fabowale, then of The Guardian. Fabowale’s engaging prose was always a delight to read, and when he penned features with those engaging words, they were unputdownable.

Over the years, Fabowale has evolved into a veteran and the knowledge ganered over the decades needed to be codified into a well of information for aspiring and upcoming journalists. According to the memoir’s publishers, “the book is a memoir of the author’s journalism career, detailing the experiences and challenges of an African journalist rising from a cub reporter to a veteran.”

It was thus a delight to see him collate his experiences, knowledge and encounters into a book he entitled A Reporter and His Beat, which was unveiled in Lagos last week. Looking at the crème de la crème of society who attended the event, it was a testament to the fact that though we write uncomplimentary things from time to time about them, the political class appreciates good journalism of the hue of the Fabowales.

Fabowale witnessed and indeed reported the mutation of journalism practice from the military to civilian eras and witnessed the repression of free speech under the jackboots of military despots. He can compare and contrast, as well as give advice as appropriate. I recommend the book to stakeholders of the written and spoken words.

Festus Adedayo is an Ibadan-based journalist.