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Pandora Papers And The Paradox Of A Propaganda

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By Bala Ibrahim.

It is no longer news that few weeks ago, the media space was filled with the report of a global investigation, that exposed the alleged offshore hideaways of some of the world’s most powerful people. Under the name, The Pandora Papers, and carried out by the International Consortium of Investigative Journalists, ICIJ, the project was said to have sieved through nearly 12 million confidential files, that revealed how some people, including high profile Nigerians, flout extant laws and legislation.

What may be new is the contradictions in the reports, alongside the perceived purpose of the project, and the motive behind the propaganda, especially where some people were unfairly accused of seeking to conceal their financial dealings, by setting up shell companies to warehouse large assets in illegal jurisdictions.

Through misconceptions, factual mischief, crafty and deceitful methods of putting out reports, the propagandists aim at silently and skillfully smearing the names of some people, living and dead, with the Abacha family evidently amongst the targeted dead. It is sad that even death, and after over 20 years in the grave, some people wouldn’t allow Abacha to sleep in silence.

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This article intends to look at the journalistic jiggery-pokery used by some colleagues of the pen profession, to wrongly rope in some people in underhand dealings, by giving insights into some of the facts that have been muted deliberately in the propaganda, especially the lies to smear the name of the Abacha family, using Governor Bagudu of Kebbi state, as a sitting duck.

The report of the mischief in the Pandora papers began thus, “Eleven years ago, Abubakar Bagudu, the current governor of Kebbi State, then a senator, dispatched a delegation to Singapore in search of a new haven to shelter his controversial wealth, which is a target of ongoing forfeiture proceedings by the United States Department of Justice.

The propagandists say the huge funds, warehoused offshore, is part of billions of dollars Mr Bagudu helped the Sani Abacha family to steal from Nigeria in the 1990s. Mr. Bagudu’s choice of secrecy provider in Singapore was Asiaciti Trust, an entity notorious for helping clients hide behind opaque offshore trusts to launder dirty money across borders”.

Investigations have shown that this is untrue, and in addressing the contradictions in the story, and also in order to particularly absolve Governor Bagudu from the framework of these fabrications, I would start by publishing the response of Bagudu’s UK lawyer, to one of the enquiries from Mr. Begley, a foreign media editor, viz:

Dear Mr. Begley.

Thank you for your email of 21st September 2021. Mr. Bagudu has had similar enquiries from Premium Times of Nigeria and the Guardian and it may be convenient for you to liaise, since there seem to be some shared misconceptions and factual errors.

Your questions rest on a premise that there is something illegal or nefarious about the Blue trusts or the monies they hold, and that AsiaCiti were in some sense complicit in underhand financial machinations. This is incorrect and in fact the trusts, the assets they hold, and the interests in both, have been disclosed to the Federal Republic of Nigeria and the authorities in the UK, where the monies have been held, for at least 22 years, at least 11 years before any involvement of AsiaCiti.

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All monies held by the Blue Family Trust are lawfully held, following settlement of disputes with the Federal Republic of Nigeria (“FRN”) during the Presidency of President Obasanjo. Even before that, the fact of those holdings, their location in the UK and their ownership has been known to the FRN and/or the UK authorities from (at the latest) 1999 to date.

To the extent that the settled disputes concerned allegations of corruption against Mr Bagudu, those are, and have always been, denied. It should be noted that there are no findings of any wrongdoing against Mr Bagudu, either civil or criminal, in any jurisdiction, nor has Governor Bagudu been indicted by the United States.

Between 1999 and 2003, there was extensive civil litigation and investigations, including in Nigeria, the UK, Jersey and Switzerland, concerning allegations of corruption relating to certain transactions from the period when General Sani Abacha was Head of State of Nigeria.

Mr Bagudu reached a compromise with the FRN in 2003 (“the Settlement”) by which all claims against him and his family were ended and the FRN received cash and certain rights with an approximate value of $300m. This was in addition to the more than $750 million that Mr Bagudu assisted the FRN to recover immediately following the death of Gen Abacha.

The Settlement was executed with the express authority of President Obasanjo of Nigeria, who provided a signed confirmation that could be produced to third parties, to confirm that the Settlement resolved and released all claims and liabilities of any kind (civil, criminal, or regulatory) that might exist against Mr Bagudu and his affiliates (defined to include certain individuals and entities associated with Mr Bagudu and his family).

The Settlement was the subject of an Order of the English Court. It was implemented with the consent of the relevant English authorities, being the National Crime Intelligence Service (NCIS, subsequently replaced by the Serious Organized Crime Agency (“SOCA”) and the National Crime Agency (“NCA”). NCIS was informed of the allegations that had been made by the FRN, the settlement reached with the FRN and their permission was sought for the transfers, on behalf of Mr Bagudu and related parties and the legal professionals involved. The Settlement was carried into effect with the cooperation and assistance of the Jersey, English and US authorities.

Further, the existence of the trusts were disclosed to the Code of Conduct Bureau in Nigeria by Governor Bagudu and he has at all times complied with all his obligations under Nigerian law. All the circumstances of the monies held and how they were owned had in any event been known to the FRN since 1999.

Your queries to Mr Bagudu suggest that you believe that there is some revelation or surprise about the Blue trusts and their assets or how they came to exist when in fact they are assets that have not moved in more than 22 years, or are fully disclosed and held with the express agreement of the Federal Republic of Nigeria”.

From the foregone submission, it can be seen that the paradox of the Pandora papers, as it affects Governor Bagudu, was foregrounded in the paragraph that reads, “The settlement was executed with the express authority of President Obasanjo of Nigeria, who provided a signed confirmation that could be produced to third parties, to confirm that the settlement resolved and released all claims and liabilities of any kind (civil, criminal, or regulatory) that might exist against Mr. Bagudu and his affiliates.”

If indeed there was a settlement, to which the then presiding President of Nigeria, in the person of Olusegun Obasanjo, provided a signed confirmation, it would be mischievous, malicious and malevolent, to change the narratives to contemplate something illegal or nefarious.

The intent of the Pandora papers is undoubtedly similar to that of the Panama papers of 2016, which exposed offshore companies linked to a number of politicians in Nigeria, that sparked outrage across the country, calling for probes and prosecution of the prominent Nigerians mentioned in the shady deals, but none of the alleged violators was found culpable or guilty enough to be sanctioned.

However, unlike the Panama papers, the Pandora papers has come with a peculiar bias of intentional impairment of the truth. And late Abacha and Atiku Bagudu are two of the targets intended for incivility.

There seems to be a grand design to even question the integrity of President Muhammadu Buhari, who has time without number, doubted the allegations levelled against late Abacha, and whose regime has been working assiduously to recover all looted monies within and without.

Two of the major responsibilities of journalists are upholding the truth, through verification and unbiased reportage. If findings in the Panama papers could not hold waters because of the failure to fulfil such responsibilities, the same fate awaits the Pandora papers, whose revelations are not only contradictory, but condescendingly contemptuous.

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MAAUN Clarifies Status of Former Visiting Lecturer, Reaffirms Zero-Tolerance Policy on Sexual Harassment

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The management of Maryam Abacha American University of Nigeria (MAAUN) has clarified that Dr. Nasa’i Gwadabe, a lecturer from North West University, Kano, is no longer affiliated with the institution, following the expiration of his one-year appointment as a Visiting Lecturer in May 2026. The university said the clarification became necessary in response to reports circulating on social media linking him to the institution.

In a statement issued by the university management, MAAUN explained that Dr. Gwadabe’s appointment ended in May 2026 and was not renewed. According to the statement, he is therefore no longer a member of the university’s academic staff and should not be described as such in media reports or public discussions.

The university stated that Visiting Lecturers are employed on one-year contracts, with renewal dependent on satisfactory performance, institutional requirements, and management approval. It added that Dr. Gwadabe’s contract was not renewed at the end of its tenure, noting that the same decision applied to a number of other Visiting Lecturers whose appointments also expired.

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Reaffirming its stance on misconduct, the management said MAAUN maintains a zero-tolerance policy on sexual harassment, abuse, and exploitation. According to the statement, the policy is regularly communicated to members of the university community as part of efforts to promote a safe learning environment.

The university further disclosed that its Founder has introduced a ₦5 million reward for any female student who reports and provides credible evidence of sexual harassment or sexual assault involving any lecturer or staff member through the university’s established reporting channels. The management said the initiative demonstrates the institution’s commitment to addressing allegations of misconduct and protecting students.

MAAUN also rejected what it described as inaccurate claims circulating in connection with the matter. According to the management, reports alleging that a student was delayed for two years are false, noting that the university only recently graduated its first set of students.

The institution also dismissed claims that a postgraduate student was among the alleged victims. The management explained that MAAUN has not yet commenced postgraduate programmes, making such assertions factually incorrect.

The university urged members of the public and media organisations to verify information before publication and to refrain from referring to Dr. Nasa’i Gwadabe as a current member of staff, stressing that his association with the institution ended when his appointment expired in May 2026.

The management reiterated that MAAUN remains committed to upholding the highest standards of integrity, transparency, accountability, and academic excellence while continuing to enforce policies aimed at ensuring the welfare and safety of students and staff.If you’d like, I can also rewrite this in a more newspaper-style format suitable for publication in Nigerian dailies, complete with a headline, byline, and dateline.

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CSOs Warn of Economic Hardship as CBN Revokes 46 Microfinance Bank Licences Nationwide

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A coalition of civil society organisations has expressed deep concern over the revocation of the operating licences of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), warning that the decision could worsen financial exclusion, weaken grassroots economic activities and inflict hardship on millions of Nigerians, particularly in Kano State.

The concern was contained in a joint statement signed by Comrade Bashir Shehu, Executive Director of the African Centre for Civil Rights, Social Justice and Good Governance (Convener), and Hajiya Lami Adamu Garba, Executive Director of the Centre for Women Development Initiative, Katsina (Co-Convener), on behalf of a coalition of eight civil society organisations.

The coalition noted that Kano State was among the worst affected by the licence revocation, with 13 of the affected microfinance banks located in the state out of the 46 licences withdrawn nationwide.

According to the statement, Kano previously had about 40 licensed microfinance banks, meaning that nearly one-third of the state’s microfinance institutions have now lost their operating licences.

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The organisations observed that the affected banks play a critical role in providing financial services to low-income earners, petty traders, small and medium-scale enterprises (SMEs), women, farmers and rural communities that are often excluded from conventional banking services.

They warned that the closures could lead to increased financial exclusion, disruption of small businesses, loss of public confidence in the microfinance sector, reduced access to credit and savings facilities, and broader socio-economic challenges in communities that rely heavily on microfinance institutions.

While acknowledging the CBN’s statutory responsibility to regulate the financial sector and ensure compliance with banking standards, the coalition stressed that regulatory actions should be implemented in a manner that also protects depositors, preserves public confidence and promotes financial inclusion.

The groups urged the CBN to review the decision where possible and work with relevant stakeholders to minimise the impact on affected communities. They also called on the Kano State Government, members of the National Assembly and the Nigeria Deposit Insurance Corporation (NDIC) to ensure that depositors’ funds are protected and that viable microfinance institutions receive the necessary support to strengthen their operations.

The coalition further advocated improved financial literacy programmes, enhanced regulatory guidance and capacity-building initiatives for microfinance banks, arguing that preventive reforms and institutional support would yield better long-term outcomes than actions capable of widening the country’s financial inclusion gap.

The organisations maintained that protecting access to community-based financial services remains essential to economic growth, poverty reduction and sustainable development, urging all relevant authorities to take immediate steps to safeguard the interests of affected Nigerians.

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Is N100,000 Worth the Risk?’ Nigerians React to Soldiers’ Salary Increase

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Chief of Army Staff Lt.Gen Waidi Shuaibu

 

By Yusuf Danjuma Yunusa

The Federal Government has approved a N51,000 monthly salary increase for Nigerian soldiers, raising their basic pay from N49,000 to N100,000, Minister of Defence Gen. Christopher Musa announced during an appearance on News Central TV earlier today.

The disclosure, while intended to signal the administration’s commitment to improving welfare for military personnel, has instead ignited a firestorm of criticism across social media platforms, with many Nigerians questioning whether the increment adequately reflects the dangers and sacrifices inherent in military service.

“When you consider the operational environment our troops operate in, the compensation must match the risk,” one commenter, Victor, suggested, proposing that soldiers’ basic salary should fall between N400,000 and N500,000.

The announcement has drawn particular scrutiny from citizens who note the disparity between the pay hike and the perilous conditions facing troops engaged in counterinsurgency operations across the country’s northeastern and northwestern regions.

Public Reaction:

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Social media users were quick to voice their discontent, with many questioning the scale of the increment.

“I don’t understand, the 100k is for feeding allowance or what?” asked Chinyere, reflecting widespread confusion about the nature of the increase.

Another commenter, Celestine, remarked with apparent sarcasm: “This must be in dollars.”

Niyoo David offered a more measured observation: “To them na achievement oo” — a comment suggesting the government views the increase as a significant accomplishment even as critics deem it insufficient.

Titilope highlighted the inherent contradiction: “So 100k is big money for the job with the highest risk?”

Some commenters, including Ahmad Abubakar and Yusuf Auwal, drew a direct connection between compensation and security outcomes, with both stating: “Now we know the meaning of Insecurity and its components” and “This is exactly the meaning of Insecurity,” respectively — remarks that appear to suggest inadequate pay contributes to the nation’s security challenges.

Despite the announcement, Gen. Musa acknowledged that the military remains underfunded relative to its operational requirements.

“The military is currently underfunded for it to meet its full operational needs,” the minister stated, without providing specific figures regarding the funding gap or detailing what additional resources would be required.

The admission raises questions about whether the salary increment, while representing a significant percentage increase of over 104 percent from the previous N49,000 base pay, will be sufficient to boost morale and recruitment in a force that has faced mounting casualties in ongoing counterterrorism campaigns.

The public discourse following the announcement has inevitably turned to the broader question of military compensation in Africa’s most populous nation, where insecurity remains a pressing concern across multiple regions.

As Nigerians continue to debate the adequacy of the N100,000 monthly salary, the question now being posed is: What is a fair wage for those who risk their lives in defence of the nation?

We ask our readers: How much do you believe a Nigerian soldier should be paid? Share your thoughts in the comments section below.

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