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Even Tinubu is not sure if Wale Edun resigned or was sacked

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Tinubu

Tinubu faces criticism amid confusion over Wale Edun’s exit as questions grow over whether the former finance minister resigned or was sacked

WALE Edun ceased being anonymous decades ago when he made his name elsewhere.

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He is so close to Tinubu, politically, that if the now President drawled Wale, nobody would be guessing who he meant.

Yet we have been left guessing how the former Minister of Finance and Coordinating Minister of the Economy left office.

It is another proof that the only important thing to Tinubu is his re-election which is getting tougher.

“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda,” a press statement by Bayo Onanuga, President Tinubu’s Media Adviser claimed Edun wrote in his letter of resignation.

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“Under your leadership, Nigeria has emerged stronger, more resilient, and more internationally respected.

“I wish you and the administration every success in the future”.

Onanuga’s press release of 22 April was meant to refute the absurdity of Tinubu not knowing how to present the departure of Edun, who had resigned as Commissioner of Finance from Tinubu’s cabinet in 2004 when Tinubu was in his second term as Governor of Lagos State.

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Edun’s ill-health had also been cited then as the reason for his resignation.

In the light of the flagging performance of Tinubu, if Edun a close associate, an astute economist and investment banker resigned, it could be seen as a verdict on the government.

The story would be worse if Edun were sacked after Tinubu had leveraged his expertise in praising the administration’s economic reforms.

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Was Tinubu caught unawares by Edun’s resignation? Could anyone be allowed to walk out of Tinubu, who appears more stranded by the day?

Onanuga, in his statement, doubled down on Edun’s illustrious private sector career, “Before then, he worked from 1980 to 1986 at Chase Merchant Bank (later Continental) in Lagos. He joined the World Bank in September 1986 through the elite Young Professionals Programme, where he worked on economic and financial packages for several countries in Latin America and the Caribbean.
“In 1989, he co-founded Investment Banking & Trust Company Limited (now Stanbic IBTC) and served as executive director.

In 1994, he founded Denham Management Limited, which has since become the Chapelhill Denham Group. He served as chairman from 2008 to 2021.

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Onanuga was 24 hours behind schedule with his curated rebuttal of how other Tinubu worshippers saw Edun. They wanted him out and got Tinubu’s buy-in.

Their dilemma was having no explanation for how suddenly the high-performing economy had conflicting figures of where things stood. They blamed Edun for that.

Edun had been public with poor performance of the budget, low funding of capital projects, rising debts, more borrowing.

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These contradicted Tinubu’s claims about how removal of petroleum subsidy had saved the economy, led to a new prosperity.

In trying to defend Tinubu, he took the blame for low releases for capital projects. We are to believe that there were tonnes of money for the projects and Edun refused to release them.

An admission from the Office of Secretary to Government of the Federation – Edun was removed “to strengthen cohesion and synergy in governance.

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In other words, he was sacked.

Edun had just stepped off the plane from representing Nigeria at the World Bank meetings in Washington. The urgency of removing was obvious.

Nigerians are not buying the stories that “ill-health” saw Edun out of the cabinet. Onanuga said Edun wanted to be excused so that he could focus on “his private business”.

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Almost sounds like an allegation of Edun prioritising personal business over the public’s.

Tinubu cannot sack anyone over such a tribial matter.
Edun, whether he resigned or was sacked, raises more questions about accountability, insecurity, and the “primary purpose of Tinubu’s administration”.

Finally…
KENYAN President William Ruto, possibly irked by President Tinubu’s comment in Yenagoa that Kenyans were suffering more than Nigerians, mauled Nigeria with responses that supervened the matter.

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“Our education is good. If you listen to a Nigerian speak English, you’ll need a translator. We’ve the best human capital anywhere in the world,” Ruto said in a video that has gone viral.

Some communication experts suggest that the response was directly targetted at Tinubu, and not other Nigerians.

FRIDAY morning started for me with the depressing story of Lisa Stephen who bandits left for dead after amputating her.

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Her story on Channel 4 is still on Arise TV YouTube platform.

She lives in Widows Village, near Jos, a place that earned its name from its population of widows who bandits have brutally killed their husbands.

On the night she lost an arm, she lost more.

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The bandits grabbed a 10-month-old baby she was breastfeeding and slashed it into two, forced her to watch her husband shot beside her and her second child killed by breaking the skull.

The villagers dread the next attack which they say will come, and there would be no security agents to defend them.

Didn’t the President deploy 5,000 drones “immediately” against bandits, when he visited Jos Airport? Tinubu is hardly working.

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THE appointment of Fatima Zuntu as Director-General of the National Biosafety Management Agency, NBMA, has hit an iceberg.

The NBMA Act requires 15 years post-qualification experience.

Mrs. Zuntu left school 10 years ago.

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The horde of people around President Tinubu can’t even screen a proposed appointee. We can only imagine what else they are not doing.

SOME communities in Kwara State have fallen under the control of bandits.

What is the benefit of being in the President’s party?

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Governors of 31 States are firmly for the President but none of them is spared the attacks of bandits and terrorists.

What does the President do for those States?

Also read: Tinubu Returns to Abuja After Eid, UK Visit

What does the President do for Nigeria?

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Opinion

Seven prime ministers in a decade: What Nigeria can learn from Britain’s chaos

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Prime Minister

By Dr Toju Ogbe,

The resignation of British Prime Minister Keir Starmer, less than two years after leading the Labour Party to  a landslide electoral victory, was dramatic, yet reflected a pattern we have become familiar with in recent British politics.

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Also read: Abolish state of origin: A prerequisite for true national integration

Starmer now joins a procession of fallen prime ministers stretching back to 2016 – from David Cameron to Theresa May, Boris Johnson, Liz Truss, and Rishi Sunak.

None of these prime ministers was ousted through military intervention, popular insurrection, or a court order. Rather, each was ultimately brought down by the same political system that elevated them to electoral glory.

To the casual observer, the rapid turnover of British Prime Ministers in the last decade may appear chaotic, or even a symptom of political instability. Some argue that the British electorate has become ungovernable.

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However, beneath the apparent chaos at Westminster lies an uncomfortable truth that African democracies would do well to examine, particularly Nigerians who wonder why our democracy has delivered so little despite almost three decades of uninterrupted civilian rule.

The turbulence of British politics over the last decade, presents an important lesson on democratic accountability beyond successful elections.

Once the prime minister is deemed a liability by their own political party, the mechanics of accountability are activated. The daggers are quietly drawn and the ruthless pressure to resign begins.

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Every poll and survey on public opinion is closely monitored, local election results are taken as a referendum on leadership. Cabinet resignations begin to gain momentum and backbenchers get restless.

Once the news media smells an internal uprising, they amplify scrutiny of the prime minister, subjecting every move – speech, public appearance, political misstep etc to relentless examination.

Pressure gradually mounts until the prospect of bitter internal leadership challenge becomes impossible to resist. The Prime Minister falls.

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For every British Prime Minister, winning an election is merely the beginning of examination, not the end. Political survival lasts only for as long as the prime minister maintains the confidence of his party and the parliament.

This is the muscle of British democratic accountability; a political culture that prioritises institutional survival over individual ambition. Starmer recognised this reality in his resignation speech:

“The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.”

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That closing sentence alone is a masterclass in British institutional democracy. The party spoke. The leader listened. The correction comes from within.

 

Nigeria presents a strikingly different political logic.

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Nigeria on the other hand, presents an interesting contrast with a different political logic and culture.

The notion that a governing party would overtly interrogate the performance of its own leader and engineer a transition to someone better equipped to maintain public confidence, is in most cases politically unthinkable in Nigeria.

Political parties in Nigeria do not coalesce  around ideological principles; rather, they operate more as electoral instruments organised around powerful individuals.

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Internal dissent is often dealt with as betrayals rather than as part of healthy democratic engagement. Godfatherism and transactional loyalties shape political succession and leadership retention.

Once elected in Nigeria, there is an inherent assumption that a governor or president has a fixed two-term lease on power.

While 10 Downing Street is preparing to welcome its seventh Prime Minister in a decade, Nigeria, in contrast, has had only two democratically elected presidents during the same period – one of whom is still serving.

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Social and economic conditions may deteriorate. Insecurity may worsen. Campaign promises may be ignored.

Public frustrations may become unbearable. Yet, incumbent governors and presidents often remain insulated from meaningful internal scrutiny and are even routinely anointed as ‘consensus’ candidate for second terms provided loyalties to godfathers, rather than the electorates are maintained.

The consequence is that loyalty, instead of performance is often rewarded at the expense of accountability.

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This is not an argument for a revolving door at Aso Rock, as frequent leadership changes, by themselves, do not guarantee good governance.

Rather it is a case for making accountability an integral aspect of party politics in Nigeria.

Although the Nigerian presidential system provides for a fixed four-year term regardless of party confidence, political parties should however, be more than instruments for election campaigns, activated to simply retain or take over power every four years.

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Electoral victory, should not be the ultimate goal, but the starting point of public service where democratic legitimacy must be continuously earned.

Equally important, political parties must develop the institutional maturity to honestly evaluate their own leaders. They must prioritise public interest and institutional credibility over loyalty to ‘Godfathers’.

The ultimate lesson from Westminster’s revolving door is clear: the true strength of a democratic system, lies not in the ability to produce leaders, but the capacity to effectively replace them, when they no longer command confidence.

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Protecting failing leaders from accountability weakens democracy and political parties must ensure that no leader is more powerful than the institution.

Also read: Madugu Targets Strong WAFCON Title Defence for Super Falcons

As political parties gear up for the 2027 general elections, the political class must decide what matters more: we can continue to reward blind loyalty and endure predictable decline, or discover the courage to demand accountability from those who seek to lead us.

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