By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, May 19, 2025
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
BusinessEditorialFinanceGENERALInspirationInvestmentOPINION

Election ’23: The “Cabal”(s), Fuel scarcity and Redesigned Naira With A promise Of Hope By Richard Odusanya.

Chiemerie William Eziokwu
Last updated: February 4, 2023 1:22 pm
By Chiemerie William Eziokwu
Share
8 Min Read
SHARE

A cabal’s is a group of people who are united in some close design, usually to promote their private views or interests in an ideology, a state, or another community, often by intrigue and usually unbeknown to those who are outside their group. One member of such a cabal was Isa Funtua, of blessed memory, an associate of President Muhammadu Buhari, who once boasted that is not a member of any cabal but a “cabal myself.”

By Richard Odusanya

Funtua, who hails from Katsina like the president, is among those who critics of the Buhari administration refer to as the cabal’s.

Contents
A cabal’s is a group of people who are united in some close design, usually to promote their private views or interests in an ideology, a state, or another community, often by intrigue and usually unbeknown to those who are outside their group. One member of such a cabal was Isa Funtua, of blessed memory, an associate of President Muhammadu Buhari, who once boasted that is not a member of any cabal but a “cabal myself.”By Richard OdusanyaNIGERIA WILL BE PEACEFUL.
It is intuitively appealing to connect the current situation and so many things in the past few years to the actions and design of the cabal(s).

Many Nigerians, prominent among whom is the First Lady, Aisha Buhari, have claimed that there is a ‘cabal,’ whose influence on the decisions taken by President Muhammadu Buhari and the presidency, is immense and significant.

Aisha Buhari, at several instances, had accused these people of controlling her husband at the expense of Nigerians, who entrusted Mr president with their mandate. Part of those routinely fingered as members of the cabal’s include the president’s relative, Mamman Daura and Tunde ……, nephew of the President and their associates in the corridors of power.

Interestingly, Nasir Ahmad El-Rufai, a Nigerian politician and the current Governor of Kaduna State has famously posited: “Unmasking them (cabals) is not as joyful as defeating them,” he said. “They will be unmasked in time.

We have defeated them when they wanted their people in the national working committee of the APC.

We have defeated them when they wanted their own anointed person to be the presidential candidate without due regard, due process or even respect for those of us who are governors, that put the party together, campaign for it and deliver the election twice.

EXCLUSIVE: The Bala Mohammed and Yusuf Tuggar Incident 
Africa: The Blackman’s Albatross And The Youths’ Hunger For Change
CHIEF CHARLES ORIE: A Political Phenomenon Poised To Uplift Imo
EXCLUSIVE: Will Igbos Truly Give Tinubu 70% of Their Votes in 2027? Viewing Politics and Promises

No doubt, the outbursts and the excruciating pains occasioned by the over two month-long unmitigated scarcity has worsen the cost of living and affected businesses in Nigeria.

Many petrol stations sell as high as N500/litre against the official N185/litre pump price.

Sadly the current sabotage of the Naira notes swap and fuel scarcity that had caused untold hardship to millions of Nigerians across the country revealed the true character of many people with opportunistic tendencies; typically characterised by greed, self-centeredness and corrupt practices that contribute and cause discomfort to the nation.

We need to critically examine the emerging scenario using hard facts driven by multifaceted intelligence gathering mechanism:

firstly, it was Olusegun Obasanjo’s Do-or-die politics enveloped in a new year day letter titled, “My appeal to all Nigerians, particularly young Nigerians” In the poisonous letter, the former president endorsed the Labour Party’s Presidential Candidate, Peter Obi.

This is apart from the same elements “owners of Nigeria” hand in glove, the protagonists of Interim government.

Secondly, the interest of the so-called “Cabal” the power mongers in and around the corridors of power.

For those who do not know, fuel scarcity and redesigned naira are part of an elaborate scheming and the handwork of the “Fifth columnist” working tirelessly to scuttle the process of smooth conducts and transfer of power from one regime to another.

According to Ajuri Ngelale, in an interview with TVC: “In the midst of the Naira note scarcity being clandestinely orchestrated by Godwin Emefiele and the cabals with active connivance of the PDP, what is found, that is very horrifying, to say the least, is how Godwin Emefiele racketeered our foreign exchange.”Ajuri, had opened up a bit on this issue. He revealed that in July 2021, it was agreed by the CBN that the BDC (Bureau de Change) operators, made up majorly of black marketers of dollars, won’t be credited again.

He further stated that the budget for the CBN to the BDC operators yearly was $5.2 billion dollars.

He said this move was taken so as to enable the CBN raise enough ForEx for PTAs, educational and medical purposes etc.” He then lamented, that; “while the CBN was still struggling to meet these obligations, the black market kept expanding.” Interesting times ahead.Simply put; Emefiele and his ‘Gang’ have been funding the black market through a back door channel, at the expense of the Nigerian economy.

The CBN dollar rate is 460, black market rate averaged 650 since 2021.

With this sustained arbitrariness, it is easy to make over N 1 trillion yearly. Hence, his refusal to float the Naira. At the current market rate of N750 to $1, the dollar is overpriced. If Emefiele had floated the Naira (which eliminates the black market), the Naira was going be lower than N750.” Why in the first place will a new government under the leadership of President Muhammadu Buhari, reappoint Godwin Emefiele engaged by previous government? An appointment in the core of policy making of the government.

This is apart from several infractions, moral issues and allegations by the Department of State Security (DSS) about Emefiele funding terrorism and the elements of IPOB.

I think it was politically suicidal in addition to risking of a mole from the opposition elements.In view of the foregoing, I reckoned with the saying that bad conducts must be discouraged.

It is instructive to note that as weighty as the allegations, coming from the government’s flagship intelligence agency are, President Buhari has continued to hold one-on-one meetings with Godwin Emefiele since December.

This is a real time exemplification of the term ‘

Echo Chamber’, where a leader, is inte
rred, willfully blindsided by his handlers. Tuned out, out of touch. Led, noose and all, down an abyss, sequestered and fed only lacerated information, about the general state-of-things. The buck, as a leader, stops at his table. Him, and him, by his lonesome, is blameworthy in all of these. Do-gooders, like Buhari, can be too trusting of people, for they reckon everyone is like them, without airs, plain-speaking, trust-giving, good intentioned.

Alas, the world of mortal man is stranger than the most imaginative piece of fiction. Finally, I like to conclude this article that focuses on the subject of cabal, fuel scarcity and redesigned naira with a promise of HOPE. A renewed hope that was scuttled three decades ago by the same elements “Owners of Nigeria”

NIGERIA WILL BE PEACEFUL.

TAGGED:9News Nigeria - Nigeria Breaking NewsNigeria PoliticsOpinionPolitics
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
ByChiemerie William Eziokwu
Follow:
Eziokwu Chiemerie William 9News Nigeria's Social Media Strategist / iReporter
Previous Article The Police in Ogun has arrested 46-year-old Hassan Azeez, who went into hiding after setting his wife ablaze for delaying in preparing his food.
Next Article Buhari Finally Opens Up, Assures Bola Tinubu Of Becoming Next President/ Nigerians React
Search
Latest News
  • NGO Applauds Sokoto Senator For Transformative Leadership, Says He Is Among The Country’s Best May 18, 2025
  • British-Nigerian Opeyemi Bright breaks record as UK City’s youngest Mayor May 18, 2025
  • INSIDE Ebonyi Community Without Bridge, Electricity (Photos, Video) May 18, 2025
  • Economic Hardship: Nigeria Sitting On Keg Of Gunpowder – Obasanjo May 17, 2025
  • Nigerian Army Dismisses Soldier Over Armed Robbery, Handed Over To Police May 17, 2025
  • Labour Party Members Are Disobedient, I Won’t Act Like Them – Works Minister Umahi May 17, 2025
  • Wike Breaks Silence Over Rumours Of Being Sick May 17, 2025
  • EXCLUSIVE: Inside Cross River, Nigeria,  Men and Women Speak Different Languages May 17, 2025
  • Police Arrest Female Arms Runner, Recover Ammunition In Nasarawa May 16, 2025
  • In 2027, There Will Be No Political Parties – Senate President, Akpabio Declares May 16, 2025
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

BusinessFinance

Kola Adesina Criticizes Get-Rich-Quick Syndrome, Blames CBEX Collapse on Greed

May 1, 2025
AfricaBusiness

What Has Tinubu Done ? Infrastructure Expansion, Economic Reforms, Policy Shifts

April 22, 2025
AfricaBusiness

EXCLUSIVE: No Living Arab Richer Than Aliko Dangote

April 22, 2025
Senator Dr Orji Uzor Kalu
Breaking NewsHot News

65 Years of Life : Orji Uzor Kalu’s Pact With Greatness

April 21, 2025
AfricaBreaking News

Jubilation As MultiChoice Launches Weekly Subscription On DStv, GOtv

April 21, 2025
Resurrection of Christ: The Beginning of a New Order of Life, Freedom, and Light
Bible MessagesInspiration

Resurrection of Christ: The Beginning of a New Order of Life, Freedom, and Light

April 20, 2025
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • Events
  • National Security
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • The Love of God
  • Crime and Investigation
  • World News
  • Business

9NEWS NIGERIA

  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Copyright © 2025 | 9News Nigeria by Nine Communications Nig Ltd
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?