Nigerian weak men disguise themselves as strong in elections

Nigerian holding a banner

Nigerians protest in the capital Abuja in 2019. Where there are no penalties for corruption and mediocrity, things will ultimately fall apart. PHOTO | SODIQ ADELAKUN | AFP

Just how many multinational companies have had to postpone or even cancel conferences in Lagos citing instability in Nigeria? What is the impact of that with regard to revenues lost? What is the origin of this crisis?

Last year, Nigerian Government introduced new banknotes and phased out the old ones. According to their president, Buhari, this move was designed to checkmate corrupt politicians, some of whom were alleged to have as much as $50 million in cash stashed away in their homes. Remember the Nigerian who rented a whole apartment in a high brow area of Lagos some years ago just to hide $43.5 million in cash!