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Saturday, June 10, 2006

 

Why Obasanjo failed in bid to extend his rule


Nigerian President Olusegun Obasanjo’s backers had placed much hope on the international community’s support for his third term bid because of his economic reforms and his central role in resolving conflicts in Africa. But what he got was opposition every step of the way, writes Tony Eluemunor

Surprise! That is the word to describe the killing of Nigeria’s President Olusegun Obasanjo’s bid to prolong his tenure on May 16. Weeks after the bid died, Nigerians are still asking the question: “How was it killed?”

Granted that the President and his pointmen in the third term project that had heightened tension in the country had appreciated the fact that they lacked the two-thirds majority votes in the National Assembly to advance their bid, yet, such little matters made them even more determined to employ state powers to win legislators to their side.

It was for the lack of the required number of votes that the President’s supporters suspended, as it were, the administration’s much-touted anti-corruption stance and reportedly began to shell out bribes of over US$357,000 to each member of the House of Representatives and US$500,000 to each Senator. The true picture of the magnitude of the alleged bribery would only be appreciated if one considers that Nigeria’s House of Representatives has 360 members while the Senators are 109.

Where would the President’s men have got such a large war chest with which to prosecute this bribery war? No, the President did not need to raid the Central Bank of Nigeria, or to divert the proceeds from the excess crude oil revenue (whatever accrues to the nation that is above the budgeted figure. For the 2006 budget, the benchmark expected revenue is $33 per barrel, but oil has hovered around the $70 mark).

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