Economy
Kiyosaki: Is Tinubu’s Government Afraid Of Ibrahim Traore?
Kiyosaki: Is Tinubu’s Government Afraid Of Ibrahim Traore?
Kiyosaki: Is Tinubu’s government afraid of Ibrahim Traore?. When the government loses the people’s trust, even a banner becomes a battlefield.
“History reminds us that dictators and despots arise during times of severe economic crisis.”
-Robert Kiyosaki
As a preface to this week’s piece, permit me two brief confessions on military intervention in the governance of a nation-state. Firstly, I am not seduced by the glamour of military adventurism.
I hold no affection for putschists who trample constitutions under the jackboots of rifles and enthrone regimes alien to democratic imagination. Secondly, the crises of democracy are not resolved by rupturing democracy.
They are cured within democracy. The Constitution is both ailment and remedy. What wounds it cannot heal, nothing outside it can. Military coups wear the mask of order, but they carry the heart of chaos. They do not reset the nation. They rupture it. In my view, democracy, fragile and flawed as it is, remains the only legitimate instrument for renewal.
Given the foregoing, it is only appropriate to situate the current economic crisis our country faces within the framework that speaks directly to the widening conditions that allow the type of politics that strengthens the arms of strong men intent on harming liberties.
When despair deepens and institutions grow brittle, the soil only becomes fertile for authoritarian seeds. It is in this perilous moment that citizens must insist on democratic remedies, however imperfect, over the seductions of unconstitutional force. Our country is in the middle of a severe economic meltdown. Food inflation has crossed 40 per cent. Fuel prices are unbearable. The naira continues to fall.
There is growing unemployment, deepening poverty, and widespread despair. Amid this national hardship, the Tinubu administration has chosen not to address the crisis while deploying state apparatuses of power to repress dissent and silence critical voices.
The recent arrest and detention of social activist, Martins Otse, popularly known as Very Dark Man, is emblematic of this trend.
According to the Economic and Financial Crimes Commission (EFCC), his arrest is based on “petitions bordering on sundry issues of alleged financial crimes.” The EFCC, however, has not offered specifics. No formal charges have been made public. No transparency. Just silence, and continued incarceration.
This has become the familiar script: faceless petitions, vague allegations, and indefinite detention. This is not the pursuit of justice. It is a campaign of fear. The target is not corruption, but criticism.
In a related development in Benin City, human rights activists, Marxist Edokpayi Kola and Orako Hanson, were arrested and charged with inciting an “unlawful procession.” Their offence? Displaying a banner expressing solidarity with Ibrahim Traore, the transitional president of Burkina Faso and a symbol of anti-imperialist defiance in West Africa. Edokpayi and Hanson were released a few days ago, in circumstances which depicted the SSS as having had a bite of the humble pie.
What, one might ask, links these two seemingly disparate cases? Why does Tinubu’s government suddenly find itself imperiled on one hand by a lone activist who has assumed the burden of shielding the public from the encroachments of a totalising state and its exalted agents of power and the self-styled custodians of what the French once called la mission civilisatrice, the civilising mission; and on the other hand by the image and symbolism of a Burkinabé soldier-president?
Why does the mention of Ibrahim Traore inspire such a crackdown? It is a paradox as old as power itself: those who claim to rescue the people from darkness often become the architects of a deeper twilight. The activist stands alone, armed with nothing but the moral clarity of conscience and the weight of public disaffection.
At the same time, the state, draped in the regalia of modern governance, deploys the familiar instruments of coercion and apparatuses of violence to the theatre of the absurd. What threatens the government is not merely dissent, but the piercing mirror held up to its contradictions: a government that invokes civilisation yet enacts repression; that touts reforms yet recoils from scrutiny; that invests in renewed hope, yet secures hopelessness as profit. In that reflection, its legitimacy begins to unravel.
But the answer also lies in what Traore represents. At just 36, he is a youthful Pan-African voice who openly challenges French neocolonialism and champions economic and political independence. In a continent dominated by ageing elites, Traore is an anomaly. And anomalies make the system nervous.
Traore came to power through a military coup that ousted the French-aligned elite in Ouagadougou. Since then, he has nationalised assets, cut ties with foreign military bases, and restored dignity to many of his people. He speaks the language of self-determination and accountability, which resonate deeply with young Africans who feel betrayed by their leaders.
And that is precisely why Tinubu’s government is unsettled. This is not because Traore poses any military threat to Nigeria but because his power of example has become politically contagious.
Today, in our country, the youth are restless. They are tired of the recycled leadership of men who have been in power since the 1970s. They are looking for inspiration from elsewhere, from someone who dares to challenge the global order, who talks about local control of resources, and who puts citizens’ interests first. Ibrahim Traore, like Thomas Sankara before him, embodies that hope. And in our country, hope is dangerous.
Rather than address the rising cost of living, unemployment, and insecurity, Tinubu is more focused on suppressing civic expression. It has turned the EFCC, the State Security Service (SSS), and the police into tools of censorship and intimidation. From journalists to influencers, activists to union leaders, anyone who questions the system is met with arrest or threats.
This is the context in which many citizens view the crackdown on Very Dark Man, Edokpayi, and Hanson. They are not being punished for crimes. They are being punished for dissent. For daring to speak truth to power and taking sides with the poor of our country. For choosing solidarity with a foreign leader who stands for everything our government seems to oppose.
Now, a few questions and answers. Why is Tinubu’s government afraid? It is afraid that citizens will ask: why not us? Why does a banner in Benin City pose such an existential threat? The answer is simple.
When leadership is illegitimate, every truth sounds like rebellion. When power is rooted in elite deals and electoral manipulation, every protest feels like a referendum. When the government loses the people’s trust, even a banner becomes a battlefield. So, repression becomes the weapon of choice.

Ibrahim Traore
Repression is not just political, it is ideological. It is a short-term strategy. It is aimed at extinguishing the idea that another country is possible. A country that is not bound to the IMF’s economic prescriptions. A country that is not permanently beholden to France, the United States, the United Kingdom, or any foreign power. A country where leadership listens, responds, and acts with courage.
Traore’s example makes these questions urgent. His youthfulness exposes the generational gap in our country’s leadership. His rhetoric contrasts sharply with Tinubu’s incoherent governance. His posture of defiance makes our government’s subservience appear even more hollow. African leaders have long feared examples that challenge their status quo.
From the overthrow of Kwame Nkrumah, the death of Samora Machel, to the assassinations of Patrice Lumumba and Thomas Sankara, the continent’s post-independence history is littered with the destruction of bold voices. But even in death, these voices endure. And now, in the age of social media, they travel faster, resonate deeper, and inspire more.
History teaches us that dictators, no matter how powerful, always fall. The people may be silenced for a while, but silence never lasts forever. Economic crisis breeds resistance. And the more the government doubles on fear, the more inevitable resistance becomes.
By arresting citizens for celebrating Traore, Tinubu’s government is only fuelling the fire. It is drawing more attention to Traore. It proves that he is not just a leader but also the symbol of youth, resistance, and the new reawakening. Tinubu is exposing our country, once the continent’s hope, both as a tragedy and a cautionary tale.
A country with brilliant minds, abundant resources, and a rich history of activism has been reduced to a state of managed decline. And yet, rather than course-correct, he prefers to clamp down on free speech and intimidate critics.
But, our citizens are not damfools. They are watching. They are listening. They are reading about Ibrahim Traore. They are taking notes. They are drawing comparisons. And one day, they will act. No arrests will be made when they do, and the deployment of secret police will be enough to hold them back.
The warning of the acclaimed author of Rich Dad Poor Dad, Robert Kiyosaki, should be heeded: it is in times of economic crisis that despots emerge. But it is also in those times that citizens rediscover their power.
History is watching with “Koboko on the rafters”, as my friend, the late Professor Pius Adesanmi, once described it with flourish. Abdul Mahmud is a human rights attorney in Abuja.
Economy
ICYMI: Governor Fubara Orders Immediate Employment For Children Of Fallen Servicemen
ICYMI: Governor Fubara Orders Immediate Employment For Children Of Fallen Servicemen
ICYMI: Governor Fubara orders immediate employment for children of fallen servicemen. Rivers State Governor, Siminalayi Fubara, has directed the immediate employment of children of fallen servicemen in the state.
He gave the order on Thursday during the 2026 Armed Forces Remembrance Day ceremony at Government House, Port Harcourt, instructing the Secretary to the State Government to ensure swift implementation.

Fubara
Fubara said the move reflects the state’s commitment to supporting security agencies and families of personnel who died in active service, as he also pledged continued welfare and logistical support for the military.
Crime
EFCC Tenders More Fresh Bank Records In Yahaya Bello’s ‘N110.4bn Fraud’ Trial
EFCC Tenders More Fresh Bank Records In Yahaya Bello’s ‘N110.4bn Fraud’ Trial
EFCC tenders more fresh bank records in Yahaya Bello’s ‘N110.4bn fraud’ trial. The Economic and Financial Crimes Commission (EFCC) on Thursday tendered fresh bank records in the ongoing trial of Yahaya Bello, former governor of Kogi state, before a federal high court in Abuja.
Bello is standing trial alongside Umar Shuaibu Oricha and Abdulsalami Hudu on a 16-count charge bordering on criminal breach of trust and money laundering involving about N110.4 billion.
At the resumed hearing before Maryanne Anineh, the presiding judge, the prosecution team, led by Kemi Pinheiro, a senior advocate of Nigeria (SAN), presented prosecution witness six (PW6), Mashelia Arhyel Bata, a compliance officer with Zenith Bank, for further cross-examination.
During cross-examination, Joseph Daudu, counsel to the first and second defendants, questioned the witness on exhibit S1—a statement of account earlier tendered by the prosecution.
Daudu asked the witness to clarify his earlier testimony that the statement of account contained eight columns, particularly the meaning of the “description” column. Bata explained that the column reflected the narration of transactions.
He drew the court’s attention to an entry dated January 20, 2016, which reads: “Cq 158 Abdulsalami Hudu for N10,000,000.”
Bata also pointed out another entry stating, “ZB chq 155 paid Halims Hotels and Tours, Lokoja, N2,454,400.”
When asked whether he knew the purpose for which the N10 million paid to Hudu or the sum paid to Halims Hotels and Tours was used, the witness said he could not determine how the funds were spent or their intended purpose.
Daudu further referred the witness to exhibit X1 and asked him to identify it.
Responding, Bata said it was the account-opening package for a company with account number 1014878995, domiciled at Zenith Bank’s Lokoja branch.
The defence counsel then asked the witness about the number of transactions recorded within specific dates.
While Daudu suggested there were 21 transactions between March 10 and March 12, 2016, the witness said the entries he was working with began from November 14, 2016.
Directing the witness to entries dated December 6, 2016, Daudu asked him to read them out.
Bata told the court that the first entry was a transfer from the Kogi State Internal Revenue Service, credited with N74,378,483.20, adding that another entry on the same day showed a cheque payment of N10 million to Mohammed Jami’u Sallau.

Yahaya Bello
Asked whether the statement indicated the purpose of the payment, the witness said the narration did not indicate the reason for the transaction, adding that the same applied to another N10 million credit in favour of Sallau.
The witness was also cross-examined by Z.B. Abbas, counsel to the third defendant, Abdulsalami Hudu, who asked whether all withdrawals made by the third defendant were by cheque, to which the witness replied in the affirmative, adding that authorised signatories duly signed the cheques.
Abbas also confirmed from the witness that exhibit X1 was the statement of account of the government house account.
On exhibit X2, the witness said the third defendant was introduced to the bank as a civil servant and accountant.
Economy
Value-Added Tax: What To Know About VAT Fee For Banking Services
Value-Added Tax: What To Know About VAT Fee For Banking Services
Value-Added Tax: What to know about VAT fee for banking services. On Thursday, banks said they will start deducting 7.5 percent value-added tax (VAT) on banking services, including point of sale (POS) transaction fees, mobile banking transfer fees, from January 19.
In an email to customers, Moniepoint Microfinance Bank said the charge stems from a government-endorsed regulatory change, with the proceeds of the charge remitted to the Nigerian Revenue Service (NRS).
“The NRS has communicated a deadline of 19th January for all financial institutions (commercial banks, microfinance banks and electronic money transfer operators) to start collecting and remitting VAT,” the bank said.
According to the statement, the VAT is not on the actual amount sent by customers but on the service fee.
In this report, TheCable provides a breakdown of what you need to know about the development.
WHAT ARE BANKING SERVICES?
Banking services comprise various financial products and services provided by banks and other financial institutions to individuals, corporations, and government agencies.
Banks usually deduct fixed service charges from customers per transaction on such financial services
For instance, a N50 stamp duty and a N50 electronic money transfer fee is deducted from customers when an electronic transfer is made on transactions.
Such charges include electronic banking charges such as point of sale (POS) transaction fees, mobile banking fees (transfers), unstructured supplementary service data (USSD) transaction fees, and POS activation fees.
Other charges include card issuance fees, SMS alert charges, and account maintenance.
WHAT WILL BE DEDUCTED?
Banks are required to deduct VAT on eligible banking charges and remit it to the NRS.
The fee applies to the service charge, not the actual transaction amount.
For instance, on electronic transfer fee, if a customer intends to send N50,000 to a loved one, the bank deducts N50 as bank charges, the customer will pay the 7.5 percent on the bank charge.

Value-Added Tax
As a result, the 7.5 percent VAT will be applied to the N50, and not the principal amount (N50,000).
Consequently, a total amount of N50,053.75 will be deducted from the customer.
IS VAT CHARGE A NEW DEVELOPMENT?
In a statement on Thursday, the NRS said the VAT charge on banking services, fees, commissions, and electronic money transfers is not newly introduced.
“VAT has always applied to fees, commissions, and charges for services rendered by banks and other financial institutions under Nigeria’s long-established VAT regime,” the statement reads.
According to the service, the Nigeria Tax Act did not introduce VAT on banking charges, nor did it impose any new tax obligation on customers in this regard.
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