16102021 - Southeast Gov INEC top official in trouble over $4m bribe
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It’s a Nigerian syndrome. A titlecrav<strong>in</strong>g<br />
disease. A sublim<strong>in</strong>al doyou-know-who-I-am<br />
mentality<br />
that accompanies even the meekest<br />
around and leaves him one<br />
provocation away from becom<strong>in</strong>g an<br />
agbero. The Nigerian big man’s<br />
penchant for perceiv<strong>in</strong>g slight or <strong>in</strong>jury<br />
once his title is omitted <strong>in</strong> public and<br />
the recourse to petulance or vengeance<br />
to effect a correction.<br />
But frankly, nobody expected this<br />
from Lamido Sanusi, the Change<br />
Agent.<br />
Lamido Sanusi was once the Emir of<br />
Kano. He was dethroned 18 months<br />
ago. A new Emir of Kano has s<strong>in</strong>ce<br />
been appo<strong>in</strong>ted. Yet, Sanusi won’t sit<br />
still and accept the fact that s<strong>in</strong>ce he<br />
isn’t the current Emir of Kano then<br />
he is a former Emir. We can allow<br />
Sanusi to cont<strong>in</strong>ue pretend<strong>in</strong>g he was<br />
once a s<strong>over</strong>eign. So that he can hang<br />
onto “once a s<strong>over</strong>eign always a<br />
s<strong>over</strong>eign.” That might help him. But<br />
Emirs of today are not s<strong>over</strong>eigns.<br />
They are well-decorated community<br />
organisers of some historical<br />
significance. If Lamido Sanusi were a<br />
s<strong>over</strong>eign, an emperor of the old Kano<br />
Empire, the consequences of any<br />
dethronement would have been<br />
different—dungeon, exile or death.<br />
Not this resurgent peacock<strong>in</strong>g that is<br />
f<strong>in</strong>icky about vanity and expired<br />
protocols. Well, Sanusi could say he<br />
has been exiled from Kano to Abuja,<br />
Kaduna and Lagos and left<br />
psychologically severely wounded.<br />
Then, let him know that even real<br />
s<strong>over</strong>eigns, once dethroned, are not<br />
owed any honours, let alone the<br />
modern-day antiquities called<br />
traditional rulers <strong>in</strong> a multiparty<br />
democracy, if deposed.<br />
In Nigeria, society <strong>in</strong>fests everyone<br />
with the warts of the brute. The<br />
acculturation of the ogboju<br />
phenomenon. So, the creme de la<br />
By Ephraim Oseji & Cynthia Alo<br />
eorge Ay<strong>in</strong>de, also known as Nephilim is<br />
Gan <strong>in</strong>vestor and entrepreneur with a<br />
multidiscipl<strong>in</strong>ary technological, creative, and<br />
market<strong>in</strong>g background, and a long history <strong>in</strong><br />
the crypto space. He is also the founder and<br />
Chief Executive Officer of WEMOVE DeFi, an<br />
auto-liquidity generat<strong>in</strong>g empowerment token<br />
focused on the African market that’s build<strong>in</strong>g<br />
an ecosystem for a cryptocurrency-enabled<br />
economy. In this <strong>in</strong>terview, George Ay<strong>in</strong>de, talks<br />
about an <strong>in</strong>novative digital approach that will<br />
see Africa blossom economically and stand out<br />
among other cont<strong>in</strong>ents.<br />
What is ‘Wemove?<br />
Wemove is a digital currency that can be<br />
used as a store of value or to buy goods and<br />
services anywhere <strong>in</strong> the world <strong>in</strong> seconds by<br />
us<strong>in</strong>g an onl<strong>in</strong>e public ledger with strong<br />
cryptography to secure onl<strong>in</strong>e transactions<br />
without the need for a trusted third party or<br />
centralized <strong>in</strong>stitution. Wemove is geared<br />
towards becom<strong>in</strong>g the African <strong>in</strong>ternet of<br />
money. WeMove is the embodiment of what it<br />
means to carry the genesis genes of civilization.<br />
It is our way of life, our very essence embedded<br />
deep <strong>in</strong> our diverse yet similar cultures; it is the<br />
call sign for the liberation, calibration, and<br />
heal<strong>in</strong>g of our generation so our “tomorrows”<br />
have a solid foundation to build on.<br />
How secure is your platform and how do<br />
you <strong>in</strong>tend to conv<strong>in</strong>ce your potential<br />
<strong>in</strong>vestors bear<strong>in</strong>g <strong>in</strong> m<strong>in</strong>d that the Central<br />
Bank of Nigeria (CBN) early this year banned<br />
trad<strong>in</strong>g <strong>in</strong> crypto currencies and enabl<strong>in</strong>g<br />
payments for crypto exchange?<br />
I understand that a centralised body banned<br />
its centralised <strong>in</strong>stitution banks from work<strong>in</strong>g<br />
with centralised crypto exchanges, and<br />
research data has shown that this only drove<br />
up <strong>in</strong>vestment <strong>in</strong>to crypto and DeFi by<br />
Nigerians. What the CBN did was to<br />
completely alienate itself from Nigerian crypto<br />
adopters who are already traditional f<strong>in</strong>ance<br />
skeptics and further buttress the bitco<strong>in</strong><br />
narrative that people should be the custodians<br />
Oracle Lamido Sanusi, the former<br />
Emir of Kano<br />
creme sometimes tastes like the crusts<br />
from the bottom. At that ceremony <strong>in</strong><br />
Kaduna, the man who<br />
addressed Sanusi as<br />
“former Emir of Kano”<br />
couldn’t have described<br />
him more reverently and<br />
correctly. So when Sanusi<br />
leapt up and threw a fit,<br />
he betrayed <strong>in</strong>dignation,<br />
an unhealthy grudge.<br />
Though commoners<br />
like me can’t know how<br />
it feels to be a dethroned<br />
emir, Sanusi should<br />
mellow out. When<br />
Sanusi, the democrat,<br />
the advocate of <strong>in</strong>tegrity<br />
<strong>in</strong> g<strong>over</strong>nance, <strong>in</strong>formed<br />
the crowd through a sly<br />
<strong>in</strong>nuendo that the man’s<br />
s<strong>in</strong> would imm<strong>in</strong>ently<br />
cost him his position as<br />
Chief of Staff to the<br />
Kaduna State g<strong>over</strong>nor,<br />
many shook their heads<br />
<strong>in</strong> bemusement.<br />
In one Kaduna breath, Lamido<br />
Sanusi, the genius, left everybody<br />
astounded with a spectacular piece of<br />
It is time every African<br />
has access to the tools<br />
necessary to thrive<br />
—-George Ay<strong>in</strong>de<br />
of their own fungible assets<br />
not centralised f<strong>in</strong>ancial<br />
<strong>in</strong>stitutions. The ban gave<br />
rise to P2P (peer-to-peer)<br />
platforms, the very ethos to<br />
which bitco<strong>in</strong> was created<br />
<strong>in</strong> the first place. Africans,<br />
not just Nigerians, have<br />
a massive problem<br />
with cross border<br />
settlements and<br />
remittances. If<br />
you are Nigerian<br />
and live outside<br />
the country,<br />
you’ll realise how worthless your retail banks<br />
are and crypto solves this issue <strong>in</strong> a lightn<strong>in</strong>g<br />
fast manner. You can buy goods and services<br />
from another cont<strong>in</strong>ent <strong>in</strong> seconds without<br />
hav<strong>in</strong>g to wait on a two to three day SWIFT,<br />
caps on how much you can send-receive, and<br />
all the 21 questions and restrictions from the<br />
banks for remittance. In my world, I have never<br />
had to wait for a transaction for a day. I do not<br />
understand it; it doesn’t compute <strong>in</strong> my head<br />
and with the plethora of crypto currency out<br />
there you get remittances <strong>in</strong> seconds.<br />
Africans also put their sav<strong>in</strong>gs <strong>in</strong>to crypto as<br />
a means of avoid<strong>in</strong>g <strong>in</strong>flation and this has<br />
contributed to the grow<strong>in</strong>g market <strong>in</strong> Africa.<br />
Everyone earn<strong>in</strong>g <strong>in</strong> local currency are worth<br />
a lot less at the time of this <strong>in</strong>terview, thanks to<br />
<strong>in</strong>flation caused by the same <strong>in</strong>stitutions you<br />
revere; they made us all a lot worth-less. As for<br />
the MMM narrative, s<strong>in</strong>ce 2009, twelve years<br />
s<strong>in</strong>ce bitco<strong>in</strong> was launched and all you can see<br />
is grow<strong>in</strong>g adoption. Accord<strong>in</strong>g to Cha<strong>in</strong>alysis,<br />
Africa’s crypto market <strong>in</strong>creased <strong>in</strong> value by<br />
more than 1,200% between July of 2020 and<br />
June 2021, with high adoption <strong>in</strong> Kenya, South<br />
Africa, Nigeria and Tanzania.<br />
The same CBN that banned crypto launched<br />
its own CBDC, so it begs the question: was it<br />
done to once aga<strong>in</strong> try to force Nigerians to<br />
use their own crypto currency? The same way<br />
Twitter was banned so some knock off platform<br />
could be forced on the masses as a form of<br />
control of free speech? If this is the case then<br />
they have a rude awaken<strong>in</strong>g com<strong>in</strong>g their way.<br />
SATURDAY Vanguard, OCTOBER 16, 2021—35<br />
emotional un<strong>in</strong>telligence. If it were<br />
just the addiction to big titles, many<br />
wouldn’t have m<strong>in</strong>ded. We are used<br />
to that. If it were just that reflexive,<br />
naked, shameless<br />
display of power <strong>in</strong><br />
dress<strong>in</strong>g down a<br />
senior g<strong>over</strong>nment<br />
<strong>official</strong> <strong>in</strong> public, we<br />
We can allow<br />
Sanusi to<br />
cont<strong>in</strong>ue<br />
pretend<strong>in</strong>g he<br />
was once a<br />
s<strong>over</strong>eign. So<br />
that he can hang<br />
onto “once a<br />
s<strong>over</strong>eign<br />
always a<br />
s<strong>over</strong>eign.<br />
wouldn’t have<br />
staggered. After all, a<br />
big masquerade who<br />
once rode <strong>in</strong> Rolls<br />
Royce and Bentley<br />
limous<strong>in</strong>es while<br />
super<strong>in</strong>tend<strong>in</strong>g the<br />
affairs of the second<br />
largest emirate <strong>in</strong><br />
Nigeria, despite all<br />
his Ted talks, can lose<br />
his temper and<br />
squash the ego of a<br />
fry. But Sanusi is also<br />
a social critic who<br />
<strong>in</strong>undates the public<br />
with sermons aga<strong>in</strong>st<br />
arbitrar<strong>in</strong>ess and<br />
vanity. He ought to be wary of his<br />
conduct <strong>in</strong> public. In every fit of fury<br />
or outburst of superciliousness, he<br />
must avoid obscenities,<br />
pronouncements that suggest that a<br />
You cannot force people to adopt your<br />
currency [laughs], it does not work that<br />
way, and besides the more educated<br />
people are about decentralised f<strong>in</strong>ance,<br />
the more they will ask <strong>in</strong>formed<br />
questions about CBDCs like who<br />
controls the m<strong>in</strong>t function of the<br />
currency? Under what set rules will<br />
new digital currency be m<strong>in</strong>ted?<br />
Where is the Whitepaper? Why<br />
wasn’t the Whitepaper made<br />
public? Will the ledger of said<br />
CBDC be made public? In a<br />
country that pr<strong>in</strong>ts the Naira on<br />
end, what will be different about<br />
this so called digital currency?<br />
How are the private keys stored<br />
and most important question of<br />
it all for adopters will be do they<br />
want to use another fork of<br />
centralisation as a store of value?<br />
If African g<strong>over</strong>nments s<strong>top</strong>ped<br />
wast<strong>in</strong>g trillions on f<strong>in</strong>ancial<br />
regulation and figur<strong>in</strong>g out how<br />
to fleece its citizens at every turn<br />
and devote these resources to<br />
build<strong>in</strong>g and <strong>in</strong>frastructure, we<br />
would be transform<strong>in</strong>g Mars<br />
already and there would be no<br />
such th<strong>in</strong>g as scarce resources.<br />
As for the security question, I<br />
would refer you to the<br />
Decentralised Perpetual Liquidity protocol we<br />
are founded on.<br />
•Ay<strong>in</strong>de<br />
What made you take this step despite the<br />
level of acceptance of digital currency <strong>in</strong><br />
Africa?<br />
Deep self-love that orig<strong>in</strong>ates out of my<br />
profound connection to my roots. The Deep<br />
desire to see Africans on equal foot<strong>in</strong>g <strong>in</strong> every<br />
<strong>in</strong>dustry with the rest of the world is what drives<br />
this project. We have been marg<strong>in</strong>alized and<br />
robbed enough, it is time every African has<br />
access to the tools necessary to thrive.<br />
What are you do<strong>in</strong>g differently?<br />
We are an Africa first platform, we are<br />
lead<strong>in</strong>g the path for others to follow, this is not<br />
a race for medals or social anecdotes for<br />
bragg<strong>in</strong>g rights but one for the liberation,<br />
calibration, and heal<strong>in</strong>g of our generation<br />
through discourse, <strong>in</strong>novation, and f<strong>in</strong>ancial<br />
<strong>in</strong>clusion. We are a platform base for other<br />
platforms and we hope to <strong>in</strong>spire more<br />
<strong>in</strong>novation <strong>in</strong> this space. What we have done<br />
differently is an efficient marketplace where<br />
crypto has a real-world utility. The WEMOVE<br />
DeFi protocol will provide access to f<strong>in</strong>ancial<br />
services where <strong>in</strong>dividuals and bus<strong>in</strong>esses can<br />
access appropriate, affordable, and timely<br />
f<strong>in</strong>ancial products and services depend<strong>in</strong>g on<br />
their <strong>in</strong>dividual use case. These <strong>in</strong>clude<br />
decentralized bank<strong>in</strong>g, loans, equity, and<br />
<strong>in</strong>surance products. WEMOVE is creat<strong>in</strong>g an<br />
ecosystem for e-commerce- decentralized<br />
g<strong>over</strong>nor, who is his childhood friend,<br />
exists to service his bloated ego.<br />
At the peak of his crisis <strong>in</strong> the Kano<br />
Emirate, a few commentators had<br />
called on Sanusi to abdicate the<br />
problematic throne and position<br />
himself for the presidency. Sanusi<br />
might not be a sa<strong>in</strong>t; certa<strong>in</strong>ly, the<br />
Kano State Anti-Corruption<br />
Commission doesn’t th<strong>in</strong>k he is, but<br />
he is a lead<strong>in</strong>g light <strong>in</strong> the national<br />
crusade for social reformation. The<br />
bane of this country isn’t a paucity of<br />
<strong>in</strong>tellectuals and preachers. It is a<br />
dearth of pr<strong>in</strong>cipled folks who can<br />
preach, not with their mouths alone<br />
but, with their public and private lives.<br />
A g<strong>over</strong>nor can reshuffle his cab<strong>in</strong>et<br />
whimsically. And he can choose to<br />
discuss his plans with his airiest<br />
girlfriends. But If the Chief of Staff to<br />
the g<strong>over</strong>nor of a state can be ridiculed<br />
by a private <strong>in</strong>dividual and sanctioned<br />
so hastily by the state to massage the<br />
ego of a crony of the g<strong>over</strong>nor, then<br />
g<strong>over</strong>nance has gone to children.<br />
Even if the cab<strong>in</strong>et reshuffle had been<br />
written, but only published after<br />
Sanusi’s outburst, it still speaks of rot.<br />
S<strong>in</strong>ce the apparent sanction was<br />
announced by the aggrieved pompous<br />
friend of the g<strong>over</strong>nor even before the<br />
alleged offence had been understood<br />
by the presumed offender and the<br />
listen<strong>in</strong>g public, then naked cronyism<br />
is the menace and <strong>Gov</strong>ernor El Rufai<br />
must take the heart of the blame.<br />
Two days after the event, Lamido<br />
Sanusi wants us to believe it was<br />
hilarious banter, an attempt by him to<br />
relax his audience. I believe him. He<br />
also said <strong>Gov</strong> El Rufai had not<br />
discussed with him the cab<strong>in</strong>et<br />
reshuffle that happened a day after his<br />
om<strong>in</strong>ous joke. I believe him too.<br />
Putt<strong>in</strong>g all these beliefs together, let<br />
me wish Oracle Lamido Sanusi, the<br />
former Emir of Kano, a hilarious<br />
weekend.<br />
apps, a social remittance platform, Gamefi,<br />
and an African NFT platform like no other.<br />
From what you said, Wemove will reduce<br />
rise <strong>in</strong> <strong>in</strong>flation and also <strong>in</strong>crease f<strong>in</strong>ancial<br />
<strong>in</strong>clusion <strong>in</strong> Africa. So far, what is Nigeria<br />
and Africa not do<strong>in</strong>g right?<br />
Nigeria <strong>in</strong>clud<strong>in</strong>g Africa’s f<strong>in</strong>ancial<br />
<strong>in</strong>clusion challenges is a result of regulation<br />
by the same centralized <strong>in</strong>stitutions built to<br />
enable them. Until African politics and<br />
f<strong>in</strong>ancial policy are mutually exclusive, the<br />
issue of f<strong>in</strong>ancial <strong>in</strong>clusion will forever be a<br />
problem for centralized <strong>in</strong>stitutions. Africans<br />
prefer to keep money outside the banks and<br />
who can blame them? It is not an illiteracy<br />
issue as touted by the banks but one of bad<br />
policy, service charges, and punish<strong>in</strong>g<br />
regulation on how we can spend our hardearned<br />
money, and the general population<br />
have concluded that it is costly and <strong>in</strong>efficient<br />
to keep money <strong>in</strong> a bank. The entire world is<br />
experienc<strong>in</strong>g a colossal shift towards<br />
decentralization and its use cases, <strong>in</strong> the world<br />
of f<strong>in</strong>ance; the traditional model is no longer<br />
susta<strong>in</strong>able and will only last for as long as<br />
these <strong>in</strong>stitutions can lobby politicians to do<br />
their bidd<strong>in</strong>g. Decentralized f<strong>in</strong>ance has<br />
flipped the model on its head, deliver<strong>in</strong>g a<br />
new world of f<strong>in</strong>ancial products, built us<strong>in</strong>g<br />
smart contracts that allow consumers to<br />
switch between providers <strong>in</strong> a matter of<br />
seconds, all at the click of a mouse. It is not<br />
that the WEMOVE protocol is just better —<br />
it’s simply fundamentally different. In the old<br />
world of retail bank<strong>in</strong>g, you have to trust the<br />
people that run banks. This trust is expensive<br />
to everyday Africans- everyday people. In the<br />
new world of decentralized f<strong>in</strong>ance, we trust<br />
the code that provides our f<strong>in</strong>ancial services.<br />
Code does not care about your tribe, ethnicity,<br />
religion, or political party. A set of rules <strong>in</strong> a<br />
smart contract is all that g<strong>over</strong>ns. Africa has<br />
missed the <strong>in</strong>dustrial revolution and all its<br />
glory, that era evolved <strong>in</strong>to a digital revolution<br />
that gave birth to a disruptive fourth <strong>in</strong>dustrial<br />
revolution, and centralized Institutions as we<br />
know them will never be the same.<br />
What do African g<strong>over</strong>nments stand to ga<strong>in</strong><br />
if they adopt a crypto-enabled economy?<br />
I created the Katalyst Africa platform for<br />
this purpose years before WeMove. It is go<strong>in</strong>g<br />
to be a biannual global gather<strong>in</strong>g of all th<strong>in</strong>gs<br />
disruptive and future tech that elected <strong>official</strong>s,<br />
tech entrepreneurs, startups and the general<br />
public from the card<strong>in</strong>als of Africa will attend;<br />
there we will discuss the Africa agenda and<br />
how these emerg<strong>in</strong>g technologies can further<br />
empower the next generation of Africa. As for<br />
what the g<strong>over</strong>nments stand to ga<strong>in</strong>, I believe<br />
they would rega<strong>in</strong> some degree of trust from<br />
the same people that elected them to g<strong>over</strong>n.<br />
Cont<strong>in</strong>ues on www.vanguardngr.com