It is a pity that the bloodshed in the land is masking other issues that should get you thinking seriously about Nigeria.
Many of you may have missed all the back and forth about AMCON’s debt portfolio and what it means for you.
In Lamidi, the “forganaisa’s” language, here is what AMCON is saying:
1. Only 350 Nigerians are responsible for 80% of AMCON’s N5.4 trillion debt portfolio. Do you understand? 350 Nigerians owe N4.3 trillion.
2. There is more. In a country of 180 – 200 million people, only 100 BVNs own 60% of bank lendings. Let that also sink in. 60% of bank loans in Nigeria goes to 100 people.
When I mentioned Ben Murray-Bruce’s AMCON debt recently, one oppressed idiot in the habit of defending his oppressors attacked me and asked when it has become a crime to take a loan to finance one’s business?
I ignored him because he is stupid. In Nigeria, high- stakes bank loans are part of the architecture of corruption and crime. You do understand that bankers collude with less than 500 Nigerians for these loans that are going to be delinquent right?
When you enter into the category of those who borrow in billions in Nigeria, the understanding is that you are not going to pay. It will become a bad debt. You and the bankers will cash in and you don’t have to worry about the politicians: you bankrolled their election. The Nigerian financial sector is thus a comprehensive crime scene.
You do understand that Lamidi, my forga, will never get a loan but his small deposit of N500 per month is part of what these 500 Nigerians are stealing disguised as loans, right?
You do understand that Forga’s only hope is that these 500 people and their friends in government will periodically grow a conscience and “empower” him with a new Yamaha pumping machine and N10,000 in cash under some small scale enterprises empowerment scheme launched with fanfare by the wife of the state Governor, right?
You do understand that within the ranks of the 350 Nigerians owing 80% of AMCON’s debt portfolio and the 100 BVNs controlling 60% of bank lending in Nigeria, there is no PDP, no APC, no Hausa, no Fulani, no Igbo, No Yoruba, no Ijaw, no Christian, no Muslim, right?
You do understand why you should close ranks at the bottom of the ladder and stop fighting and tearing at each other on account of these chaps, right.
You do understand why I listen to Bob Marley’s “Real Situation” a lot these days, right?
Is the only solution…
A new Nigeria must grow on the ashes of this ugly, unjust, and malevolent contraption owned by 500 people.