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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

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