SIR: I read the report of the order given by the House of Representatives, directing the Economic and
Financial Crime Commission, EFCC and the Central Bank of Nigeria, CBN to swiftly go after the promoters of the famous “wonder-working bank” that has monopolised the economic space of the ‘common’ and ‘non-common’ Nigerians, known was Mavrodi Mondial Moneybox a.k.a MMM.
The members overtly assumed, in the temperament of the said order, the role of a passionate father and a good ‘shepherd’, whose primary concern is to watch over the flocks, one who would not allow any stint of untoward thing to befall the sheep. There may not be any crime in that, and in fact one must not but applaud such a caring attitude, but only when the illocution and genuineness of such generosity is not self-styled, or questionable.
The argument of the lawmakers was that MMM, “was not regulated by law or approved by CBN as a secure business venture” and that it “made Nigerians more vulnerable”. One cannot but to just wonder at the very implicating though interesting lexicons used to describe the scheme as being a “scam and a “trick”.
The main crux of my lamentation is that the government or any of its organs or agencies has no moral impetus to choose for Nigerians what to do and what not to; especially in such a pitiable situation where the nation’s economy is radically deteriorating every day while the government is utterly confused and seems not to have a way out.
Whether MMM is a legal or illegal business is an ethical question that that will lead to an open-ended debate. It is an incontrovertible fact that Nigeria runs one of the most expensive legislatures in the world. The incentives attached to the running of our legislature are nothing compared to the output we are getting from our hallowed and hollowed chambers; our legislature, frankly, is a white elephant project.
My angst against the government is that we have many people seated in ‘high places’ with totally dead or moribund conscience. For how can a government ask one, being a poor man, to make a sacrifice with, say his meagre earnings, while they are living an overt opulence and affluence? How does one reconcile a situation where the clueless, those that are bereft of ideas, who know nothing about the real business of legislature or governance, are the ones ruling and lording over the intelligentsia?
The German philosopher, Yogens Hevamas once said that “Modernity is about public sphere and the quality of conversations that go on”.”No wonder the country is where it is today.