Columns
The craze for easy money in Nigeria and the Hanifa’s story (II), by Prof. M K Othman
The craze for easy money in Nigeria and the Hanifa’s story (II), by Prof. M K Othman
Deep Thoughts with Othman
In Nigeria, the Hanifa’s case is neither a common one nor an isolated one as there are few other Hanifas murdered by their supposed protectors such as guardians and trusted neighbours in the last five months.
Cases of 12-year old Sylvester Oromoni in Lagos and 8-year old Asma’u Shuaibu Wa’alamu in Zaria were reported in the first part of this piece last week. The craze for easy money has turned out to be the most adaptable and adorable trade for some people irrespective of gender and age differences.
Last month, security personnel paraded a housewife, 39-year old Maryam Abubakar who was deeply involved in running errands and sex racketing for bandits for money. She was audacious enough to confess before newsmen that “Bandits paid me between N30,000 and N50,000 naira for a round of sex. I helped them do their shopping to prevent them from arrest, I knew they were into kidnapping, banditry, and armed robbery but I decided to date one of them despite my married status because they give me lots of money. I brought girls to them and they were given 50,000 Naira per night each. I felt my 15-year-old and 17-year-old daughters can also benefit so I introduced them to the bandits and they were given lots of money….”
Children are not left behind in this “craze for easy money business”. In the first week of January 2022, Sahara Reporters reported the arrest of three teenagers; Emomotimi Magbisa, Perebi Aweke, and Eke Prince, all 15-year-old males, and natives of the Sagbama community of Bayelsa State. The teenagers accosted and hypnotized a 13-year-old girl, Endeley Comfort. Subsequently, they took her to an apartment in the community, cut her finger, and sprinkled the blood on a mirror for a money ritual. Residents of the community noticed the suspicious movements of the suspects and raised an alarm that led to their arrest and confession.
Endeley Comfort was lucky to be rescued with her life but Sofiat Okeowo, a 20-year-old girl, resident of Idi-Ape, Abeokuta was not that lucky as she was gruesomely murdered by her pretentiously, “lovely” boyfriend, Majekodunmi Soliudeen, a 19-year old boy. Soliudeen lured Sofiat to his room for supposedly a romantic escapade but held her down and asked one of his accomplices to cold-bloodedly chop her head with a knife. Soliudeen’s accomplices were 17-year-old Wariz Oladeinde from Kugba, 19-year-old Abdulgafar Lukman from Kugba, and Mustakeem Balogun from Bode Olude, all residents of Abeokuta town. They conspired, murdered Sofiat, cut her head, packed the headless body in a sack, and started burning the head in a pot for money ritual.
They were apprehended, confessed to committing the crime on January 28th 2022 at the Kugba area of Abeokuta, and are currently being prosecuted in the Court of law. These are teenagers who should be in school for their studies but are on the street with a devilish mind to make easy money. How did we degenerate to this level of decadence? Before answering this question, let me repeat the two questions posed in the first part of this piece; why are we crazy for easy money? Does money solve our problems or bring happiness to our lives?
The high level of poverty subjecting many people to suffering and tenacious fear of social insecurity has made many Nigerians have limitless love for money or position that can bring money. Our brains are synched to believing that money can solve all problems. This is entirely wrong. Money can buy a house and comfort but cannot buy sleep, money can buy friendship but cannot buy loyalty, money can pay school fees and buy books but cannot buy knowledge, money can attract people but cannot buy their love and affection, and several other things money cannot do.
However, money is still important in the life of a man as a lack of it can make us to be miserable, so also, having too much of it can make life unbearable. Shreds of evidence of people committing suicide due to lack of money are common but there are also cases of rich people committing suicide. The case of a German billionaire, Adolf Merckle, who committed suicide in 2019, is heart-rending.
Merckle’s family issued a statement explaining the pressure that resulted in his suicide. The statement reads; “the desperate situation of his companies caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, have broken the passionate family entrepreneur so he took his own life.”
To answer the question of money bringing happiness, let me quote an anonymous writer who said, “the difference between money bringing happiness and not buying happiness is that money changes your perspective towards the things that you admired when you’re not rich but it cannot save you from being human, because as humans, every day or some days, something bothers us”. Now, how do we get out of these doldrums, the calamitous disposition?
The responsibilities of righting the wrongs in our society are collective tasks; the government, parents, religious leaders, and community leaders. Law and order must regulate the activities of the three arms of government as enshrined in the Nigerian Constitution. Nigerians must wake up to demand transparent and accountable governance. Corruptions at all levels must be fought using several strategies to achieve the desired results.
Parents should bear the full responsibility of parentage. They should be a shepherd to their children and other members of the family. Can we instil and inculcate morality and value system in all members of the family? As parents, we should be like a bee, providing honey most of the time and then stinging to correct and defend the family value. We should not spare the rod for our children if the need arises. At all times, we should be watchful, mindful, and accountable for our children’s doings and undoings. We should not hand over the upbringing of our children to school teachers. We should honour our children when they do well and sanction them when they do the opposite.
Religious leaders have significant roles in shaving conducts in society but must have the fear of God to play such roles correctly and deservedly. Can they shun wealthy people who are enmeshed in aggrandizement? Can we stop celebrating people with questionable wealth? Ill-gotten wealth should be despised by all and sundry. This is the only way to avoid the future occurrence of the Hanifa story.
Columns
IBUAM: The Challenges of a Specialized University
IBUAM: The Challenges of a Specialized University
By: Balami Lazarus
Universities are major parts of nation building. its growth, progress, and developments, among other human endeavors. They are known for adding value to human capacity in the realm of intellectual/skills productivity. Therefore,
Universities are playing significant roles in research and development (R&D).
Their core aims are translated into their objectives of teaching, learning, and character, knowing fully well that universities are the citadel of higher levels of educational attainment a country needs.
Whereof, universities are faced with volumes of challenges, both academic and non-academic, laying more in academic works and activities with demands in teaching, learning, and research.
When NEWSng visited the founder of Isaac Balami University of Aeronautics and Management (IBUAM), Engr. Isaac David Balami, recently in Abuja in an attempt to follow up with the progress of this particular specialized private university, the only specialized academic institution in aeronautics and aviation management in academic disciplines/practicalities, including techniques and skills in aviation fields.
It is on record that IBUAM is the only private specialized university that trains and provides students with academics, practicals, techniques, and skills in aeronautics engineering fields and aviation management in sub-Saharan Africa.
Without prejudice, NEWSng has a fair understanding of the challenges our universities are faced with and are struggling to meet.
Be as it may, universities, whether specialized or not, are institutions for serious academic and intellectual studies where large funds are needed to run, manage, and cater to her teaching, learning, and research, including other services. In consideration of this, NEWSng commends kudos to IBUAM.
“I give glory to the Almighty. And let me state here with sincerity of purpose, appreciation, and gratitude to the Borno State Government under my able, progressive, and foresighted governor, Engr. Babagana Umara Zulum, who has made IBUAM see the light of day by her quantum support of sponsoring over 30 native students for various courses at IBUAM. The scholarship package runs in billions of naira. My gratitude also goes to well-meaning Nigerians who stood with me to make IBUAM a reality and the first of its kind on the African continent.”
NEWSng was further informed by the engineer. Isaac Balami, the IBUAM is not a conventional university where you have more academic theories and fewer practicals.
“Let me state here categorically that in IBUAM we are for both academic works and more practical applications. The aviation industry is all about safety, perfection, and security applicable to IBUAM in her courses. With this in mind, our challenges are more than a handful. The management spends hundreds of millions for just services. We are
We’re doing our best to see to the growth of this university. “Most people out there admired universities and their physical structures, including their names, without a second thought. “The aviation industry and its businesses the world over are not a tuft for unserious-minded businessmen or investors; everything surrounding the industry is all about money. Come to think of having a related academic institution (university) like IBUAM, whose objective is to produce graduates of international standard for best practices.”
Take for instance, a university with just three faculties: Sciences, Arts, and Management, with only 300 students. I suppose that, in your opinion, such a university is not impressive.
Thus, if you begin to consider what it takes to run and manage a university in terms of personnel, especially lecturers; facilities; tools; materials; and equipment, you will be shocked.
This has made NEWSng a reason why specialized universities like IBUAM need large funds to function. “You need more than two or three airplanes on the ground for practicals… excluding tax, insurance, and other charges to bring them.”
Reportedly, the challenges faced by a specialized university are much greater than what is commonly heard: “With the collective support of IBUAM management, we are progressing.”
The founder, Engr. Isaac David Balami, said that to bring the attention of the university closer to the people, the management has proposed to have an IBUAM liaison office in Abuja.
IBUAM: The Challenges of a Specialized University
Columns
Dadong: A Balanced Voice From Ungwan Rukuba
Dadong: A Balanced Voice From Ungwan Rukuba
By: Balami Lazarus
What does it take to be a public mouthpiece? That was the question I asked Comrade Dadong Solomon Antibas. My chats with him were a balanced interface. The answers can be found in the write-up for your review.
Democracy like ours has brought to the limelight public mouthpiece voices; some are weak and political, while others are strong, progressive, constructive, and fearless, demanding progress, growth, and development as dividends of good governance in a peaceful atmosphere.
Governments created by democratic processes are never left alone without citizens asking questions and demanding dividends of democracy for their community and the country at large.
Comrade Dadong Solomon Antibas is a Nigerian, law-abiding citizen. Antibas, a security expert and popular public mouthpiece on the Jos Plateau, has earned the confidence of the people of his community, Ungwan Rukuba, and most parts of the state over the years. For his community, he is their immediate mouthpiece who has been speaking on their plights, calling the attention of the government under the leadership of Governor Caleb Manasseh Mutfwang to do the needful.
Personality like Solomon Antibas’ public impression of him by some citizens of the state is all about seeking relevance and political appointments. “I have no interest whatsoever in any political appointment. My sincere concern for my dear country and my state, Plateau, is peace, progress, growth, and development for future generations.”
Nigerians should begin to speak out on good governance at all levels. Citizens are also responsible for failing to hold them accountable and demand good governance in terms of security, social amenities, and infrastructure.
Ungwan Rukuba is one of the wards in the Jos North Local Government Area. It is an integral part of the city center. Unfortunately, the peaceful Ungwan Rukuba became a flashpoint. The terrorist attack of March 29th, 2026, has put a scar of insecurity on the area.
On insecurity, he said that Mr. President Ahmed Bola Tinubu has failed Nigerians woefully. “Insecurity is a bone of contention. The federal government must take decisive measures on the insecurity challenges bedeviling the nation.”
My findings on Comrade Dadong Antibas revealed that he is not a public affairs commentator or an analyst but a progressive and active public mouthpiece, a voice of the voiceless.
For some, Dadong is attacking the government under the leadership of Governor Mutfwang. ” Is speaking the minds of citizens on bad governance and holding the government of Governor Caleb Manasseh Mutfwang a crime”?
Despite threats on Solomon Dadong, they have not deterred him from speaking for and on behalf of other citizens living in the state. “I have no other way to hold the government accountable than to publicly speak and constructively criticize the leadership’s voicing out feelings and lots of the people…In democracy, governments are made by the people, and as such, they must provide for the collective needs of the masses who voted them in.”
Comrade Antibas is one among the few indigenous people of Plateau who are outspoken and speak with passion and a patriotic mind for his state and Nigeria. “I will live and die in Nigeria speaking, advocating, demanding, and/or holding both federal and state governments accountable for good governance.”
Balami, Publisher/Columnist, 08036779290
Dadong: A Balanced Voice From Ungwan Rukuba
Columns
Facts for Understanding Capital Market Investment
Facts for Understanding Capital Market Investment
By: Balami Lazarus
I grew up in an academic environment where the language is the same: study well, have good grades and be what you desire to be in the future through academic discipline and training.
Many of my contemporaries and I were not spoken to in the language of trade and commerce. But here are some of us as businessmen, entrepreneurs, investors and in other business enterprises far from the academic language we were bred with.
There has never been a market like the capital market the world over where trade per day runs into billions of cash. While market capitalisation is in trillions. The case of the Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, with its trade symbol (NGX) on the floor, is a good example.
Investing in the capital market is profitable for traders and short- and long-term investors. But understanding the market requires some basic facts, which are cash, knowledge, discipline and patience, important for investors to appreciate the market.
Recently a member of my social group came to me to seek my advice on what it takes to invest in the equity market (stock exchange). I was very candid with the fellow, informing him that he needs cash, knowledge, discipline and patience to invest in the capital market after having defined his position as an investor.
First an investor needs cash in his possession set aside to invest in the capital market, the gateway into the market. You can have the other three, but without cash you are not yet an investor.
Lack of knowledge about a business or investments has made so many persons lose money worth millions.
This is typical with good number of Nigerians who attempted to start a business or invest in some going concerns without basic knowledge and understanding of the intricacies of these investments or businesses.
The information and technology age has
made acquiring knowledge very simple; therefore, understanding the stock market is easy these days.
Basically, the capital market depends on and responds to information, government policies, and economic and political happenings/events within and without, which most often determines the graphic movements of the primary market deals on the floor. ‘Bullish’ or ‘bearish’ simply means the plus or minus of the day’s transactions.
The need for monitoring of the market is important for traders and short-term investors. However, with knowledge and careful monitoring of the market, it is a suitable place for short-term gains for investors with multiple numbers of holdings in blue-chip companies like Dangote Cement, Bau Foods, Nestle, Aradel, Okumu Oil Palm, Zenith Bank, Guaranty Trust Bank and others. But for long-term investors, whether the market is bullish or bearish, his investment portfolio is for future use.
Investments like those of the capital market, discipline and being committed are necessary to build a strong, high-quality, profitable portfolio of a large number of holdings of units spread over listed companies of the stock exchange that come with capital appreciation and dividends. This is important, especially for long-term investors.
And the turn key in this type of investment is patience. Generally investments need patience for them to mature for harvest.
In stock market investment, patience plays a vital role in this business. Therefore, for an investor who lacks patience, the capital market is not a tuft for him and shall never be.
To navigate through this market, investors must at all times apply this formula and have it printed on their hearts. Cash = stock units over time + patience = capital apreciation/dividends.
Today there are changes in the exchange which have improved trading. The time of trade has been extended to transactions and payments (T+1). Other electronic applications to aid and encourage investors in the capital market in an attempt to boost the Nigerian economy.
Balami, Publisher/ Columnist 08036779290
Facts for Understanding Capital Market Investment
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