Today in Abuja, ‘A Journey of Service: An Autobiography’, by General Ibrahim Badamosi Babangida, will be publicly presented. With the book coming 32 years after Babangida ‘stepped aside’ in August 1993, it means that more than 70 percent of Nigerians were not witnesses to the events in the narratives, given our young demographics. Like everything Babangida, as I wrote last August, after the publishers sent me a digital copy (planned pages) of the book while requesting for a blurb, “opinions are bound to be divided about his (Babangida’s) interpretations of some epochal events which discerning readers could argue leave more questions than answers.”

Divided into five parts and 13 chapters, the foreword by General Yakubu Gowon highlights why Babangida’s book is important. “Given the monumental and historical changes that General Babangida presided over, it is only natural that many Nigerians of different generations would be eager to learn first-hand the motivations…and the reasons behind these far-reaching decisions, and events, some of which shook the nation to its very foundation,” Gowon wrote. But the question remains: Will readers be satisfied with the explanations provided by Babangida for some of these ‘far-reaching decisions’? Perhaps the more pertinent question is: Why is Babangida publishing his memoirs now after admittedly rebuffing earlier entreaties from friends, associates and family members to ‘tell his story’? He provides an answer in the prologue. “We live in a country where primarily uninformed commentators are often the final judges of events (that) they know nothing about,” Babangida wrote. “But because I had the honour to lead a chaptr in our national journey, my brief encounter with authority and responsibility may interest those with fair minds.”

The account of Babangida’s early years is quite fascinating as he weaves post-colonial political developments with historical and cultural events that shaped his growing up in what is now Niger State. He also explained why he had to change his surname from Badamosi to Babangida in January 1964 because almost everyone he encountered assumed him to be a Yoruba man! But none more revealing is the account of his life at Bida Provincial Secondary School where his classmates included Abdulsalami Abubakar, Sani Bello, Mohammed Mamman Magoro, Garba Duba, Sani Sami, Mohammed Gado Nasko and Mamman Jiya Vatsa—men who, like him, later joined the military and, at different times, held critical positions in Nigeria.

Interestingly, last Tuesday marked the 49th anniversary of the assassination of General Murtala Muhammed in the coup led by Lt Colonel Sukar Bukar Dimka. Drafted by General T.Y. Danjuma to foil Dimka’s coup, Babangida provides revealing insights on the conversation with Dimka, a friend and one of the groomsmen at his wedding (to the late Maryam) in 1969. Not only was Babangida listed among those to be killed that day but was in fact one of the reasons for the coup. Dimka reportedly told Babangida that he was a most hated military officer for being too favoured by their superiors, especially Danjuma. “How could you be a member of the Supreme Military Council?”, Babangida recounted Dimka asking him in those tense moments inside Radio Nigeria premises in Ikoyi, Lagos. But beyond the narrative of the coup, how it was foiled and the subsequent trial of culprits, Babangida also shared insights on how Danjuma (whom most officers preferred) insisted that Obasanjo, rather than him (Danjuma), should be Head of State in the meeting held to replace the assassinated Muhammed.

As an officer during the coup that toppled the First Republic, the countercoup that brought in General Gowon, the civil war that followed and the subsequent coups in which he was a direct participant, Babangida’s accounts of that era are quite profound. For instance, it was Danjuma who proposed the elevation of the late Shehu Musa Yar’Adua from the rank of Lt Colonel to Brigadier General (later, Major General) to become the Chief of Staff, Supreme Headquarters, apparently for ethno-religious balancing in the country. This speaks to the character of Danjuma who chose to be the number three man in Nigeria when he could easily have been number one. Meanwhile, six months earlier, following the overthrow of Gowon, when senior officers canvassed that Muhammed should head a collegiate leadership of himself, Obasanjo and Danjuma, he (Muhammed) rejected the idea at a meeting Babangida said lasted several hours, insisting that as Head of State, he (Muhammed) would not share power with anyone.

Expectedly, Babangida’s book details his rise to power in 1985 as a military president and the reform programmes initiated while in office. But the most consequential chapters are ‘The Challenges of Leadership’ and ‘Transition to Civil Rule and the June 12 Saga’. The issues addressed in the first (chapter ten) include the death of Dele Giwa, a personal friend with whom he spoke often on phone and met a few times; the Gideon Orkar coup that tried to divide the country; the OIC Palaver; the 1989 SAP (Structural Adjustment Programme) riots, the Nigeria Airforce C-130 plane crash involving 151 mid-career military officers and what he described as “a deep personal sense of betrayal”—the coup involving his friend, Mamman Vatsa whose execution he sanctioned.

Readers should find out his take on Dele Giwa’s assassination and other issues but on Vatsa, Babangida painted a picture of close friendship that started from childhood and how at some point in their lives they both shared a room. “We would reach out for whatever shirt was available, irrespective of whose it was, and just wear it and head out! We were that close,” Babangida wrote while explaining how he found out later that Vatsa was always jealous of his achievements. He also explained the encounters he had with Vatsa when there were rumours about the plot and the mediatory roles played by others before the coup unravelled. “Being intermediate and senior officers, they were fully aware of the consequences of planning a coup and failing,” Babangida wrote to explain why Vatsa had to die by firing squad. “That is one of the most elementary lessons every military officer knows by heart.”

Perhaps the account most Nigerians have been waiting for is that on June 12 and Babangida renders it in chapter 12. The central character in the narrative is General Sani Abacha. In fact, according to Babangida, Abacha annulled the June 12 (1993) presidential election! I leave readers to find out the details and reach their own conclusions.

From cover to cover, each page of Babangida’s memoir promised more and more insight into the military and the Nigerian state. He also highlights some of his foreign interventions, including initiating ECOMOG which helped to end the war in Liberia and Sierra Leone. And he sheds light on several domestic issues regarding his administration—convincingly in some, not so in others. He also lays the boot into a number of key players of that era, in a few cases, with innuendoes. But in a way, Babangida also knows that in the eyes of most Nigerians of a certain generation, his stewardship will forever be defined by ‘June 12’ on which he expressed regrets. “If I have to do it all over again,” he wrote, “I’d do it differently.” Sadly, in statecraft, rarely do leaders get a second chance to make a first impression.

Meanwhile, I wrote four books on that elastic transition to civil rule programme which ended with the death of Abacha. The first, ‘Fortress on Quicksand’ was on the futile efforts by 23 presidential aspirants in the Social Democratic Party (SDP) and National Republican Convention (NRC) before they were all disqualified and banned from contesting elections. The second, ‘POLITRICKS: National Assembly under Military Dictatorship’, detailed the intrigues of having a civilian legislature with Babangida as a military president. The third, ‘Abiola’s Travails’ was published to mark his (Abiola’s) 60th birthday at a period he was in detention. ‘The Last 100 Days of Abacha’ completed the series. I have combined (and edited) them into one book that will be released in June this year.

Writing a memoir—especially by those who have held leadership positions at the highest political levels—involves walking back through countless challenges and tough decisions. With his memoir, Babangida has shown proof of a retirement spent reflecting on a nation that gave him everything; and to which he gave his best, notwithstanding the ironies of history. Regardless of how some readers may perceive Babangida, his ‘Journey of Service’ provides historical context to some of the issues that dogged the administration he led. His recollections may not provide all the answers, and there are aspects many will dispute, but at least he has reopened the conversation about a troubled and troublesome era in Nigerian history.

Adebanjo’s Glorious Exit

I have had the privilege of close interactions with Afenifere leader, Chief Ayo Adebanjo for more than three decades and as I wrote in my tribute to him when he marked his 90th birthday in April 2018, he is a man of unbending conviction who neither sits on the fence nor tiptoes around issues. On Nigeria, he is a passionate advocate for restructuring the country along the federal arrangement we had in the First Republic before the military interruption. Last Saturday, we had our usual conversation in which I argued, as I always did, that as defective as the current structure may be, with good governance and a leadership that appreciates and properly manages our diversity, we can still attain peace and prosperity. But for the first time, and Adebanjo must have noticed, my argument lacked conviction so when he sounded off with his usual refrain, “?w?? yín ló d?? kù sí. Àwa ti se ti wá” (It’s now in the hands of your generation. Mine has done its best.) I had a troubling time processing our conversation thereafter…

The foregoing is excerpted from my presentation at the annual conference of the Nigeria Union of Journalist (NUJ) Lagos Chapter where I was guest speaker on 20th October 2021. But in the weeks following that presentation, the late Adebanjo kept calling that he needed to see me. So, on 8th March 2022, I heeded that invitation by going to Lagos and returning to Abuja immediately after our session that lasted about three hours. Quite naturally, our discussion centred on the past, present and future of Nigeria. Although we kept exchanging calls until a few months ago, that happened to be the last time I saw the old man until I heard about his death last Friday. Adebanjo deserves a proper tribute from me and I will do that at the appropriate time. But for now, I join in extending my commiseration to his family. As I told his son, Segun Adebanjo, (a friend from our campus days at Ife in the late eighties) last Friday on phone, “??yìn bàbá ti dára.” May God comfort the family he left behind.

Still on ‘Creating a Ganu-Si Economy’

Following my recent column, ‘Creating a Ganu-Si Economy’, which dwelt on how most government agencies serve as impediments to entrepreneurship, some supporters of the Advertising Regulatory Commission of Nigeria (ARCON) have written several articles in ‘response’. Although none has been sent to me, perhaps because ARCON is relying on third parties, I read them. And they all miss the point. By arguing that my friend who owns a restaurant attracted the hefty fine of N1 million on two occasions because she circumvented the law that required payment of N15,000 fee and submission of the ‘promo’ for ARCON vetting, they make their case even worse.

In the ‘2024 Budget of Professional Bodies/Councils of Agencies Removed from the FGN Funding’, released by the Budget Office of the Federation, ARCON is number one on the list. While it projected a gross revenue of N1,096,166,050, the agency proposed a total expenditure of N3,716,582,290. With that humongous deficit of N2,620,416,240 between revenue and expenditure, one can only sympathise with ARCON for its increasing desperation. The agency has the second highest expenditure and the highest deficit of the 26 professional bodies on the list. While other professional bodies generate their revenues mainly through membership dues and align expenditure with their revenues, ARCON has had to resort to levying a tax, which it calls vetting fees, on whatever it defines as advertisement or exposure on any platform, including on the social media pages of individuals and small businesses, just to rake in money.

The fact that each message/post deemed as an advert by ARCON will attract a vetting fee says it all: this is more about revenue than about vetting. It is equally insightful that the punishment for not submitting even social media posts for clearance is 50 times the vetting fee. Equally interesting is that ARCON can threaten to arraign ‘defaulters’ before its own tribunal, which can impose fines and even jail terms. ARCON and its defenders are clearly not perturbed by the implication of such threats and taxes for big and small businesses operating in our tough environment.

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, summed up my position last Thursday at the inaugural Economic Roundtable/2025 macroeconomic outlook event of rating firm Agusto & Co., held in Lagos. For the benefit of ARCON and its defenders, here is what Oyedele said: “Nigeria’s tax system is unconducive for growth. We are trying to grow, but we’re struggling, and the tax system is holding us down. It has plenty of taxes and taxing agencies everywhere you turn. It doesn’t matter whether you’re small or big, whether you are formal or informal; we tax anything and everything that moves. If it keeps moving, we tax it even again. We tax it even more. We’re speaking to small business owners, and one woman said something to me that I will not forget. She said that it feels like the Nigerian system and the government are feasting on businesses. And I challenge anyone who wants to do a social experiment. Just do a banner; anything that comes to mind will be tailoring. Just write it and place it by the road. Find a plastic chair, sit back about two meters away, and watch what will happen within two days. I promise you, at least five agencies will show up, from business premises to advert levy to permit. You have not even found one customer. One of my hopes and dreams for this country is that in my lifetime, you put up that banner and you receive calls from different government agencies, one asking you whether you know about credit facilities for your sector. ‘We have this capacity development for people doing your business. Would you be interested? Do you need any access to this and that?’ Let’s support ourselves to prosper…”

Those are not my words; they are the words of Oyedele who is one of the leading authorities on such matters today. And it could not have been an accident that he cited ‘advert levy’ as one of the examples of the ways government agencies make life difficult for owners of small businesses in Nigeria.

To demonstrate that ARCON has mutated into a revenue-generating agency, below are the vetting rates advertised by the agency effective 1 January 2024. It was segmented into seven categories. Under ‘Career Matters’, Exam Registration Fee will attract N10,000; Examination Late Registration Fee, N20,000; Examination Subject Fee, N15,000; Exemption Fee, N15,000; EMR, N350,000; EMR (Non-Nigerian), N1,000,000; Accreditation Fee (Higher Institution), N1,000,000. For ‘Annual Practice Fee’, Associate Member will pay, N20,000; Full Member, N30,000; Fellowship Member, N50,000 and Membership Certificate Re-Issuance, N50,000. For ‘Corporate License’, Application will attract N100,000; Fee for three years, N450,000; Consultancy, N225,000; Inspection Fee (Lagos), N200,000; Accelerated Inspection Fee (Lagos), N300,000; Inspection Fee (Outside Lagos), N300,000; Accelerated Inspection Fee (Outside Lagos), N500,000; Corporate License Re-Issuance, N100,000.

But it is clear that ARCON targets businesses to fund the bulk of its hefty budget, since advertising professionals are not that many and since it secured legislative backing to vet and tax anything featured anywhere that it describes as advertisement. For ‘Advertisement Vetting (Traditional Media)’, Regular—Brands, Political, Cause, Ideation will attract payment of N35,000. Meanwhile for Accelerated, 4 Hours, N600,000; 8 hours, N400,000 and 16 hours, N250,000. For ‘Advertisement Vetting (Online Platform)’, Regular—Brands, Political, Cause, Ideation goes for N20,000 while for Accelerated, 4 hours attracts N250,000, 8 hours, N150,000 and 16 hours, N100,000. For the ‘Vetting (SME Category)’, Regular (Brands, Political, Cause, Ideation) goes for N20,000; 8 Working Hours, N150,000; and 16 Working Hours Acceleration, N100,000. Membership of NASME certification by SMEDAN is also required. For ‘Special Category’, the rate is N1,000,000 each for Lottery, Lotto, Game; Betting, Gambling, Wager and Promotion, Raffles, Draws, with the last two subject to a 16 hours vetting window. Meanwhile, Variation (Foreign Talent) will attract N2,500,000 while Variation (Foreign Production) goes for N3,000,000.

With these steep rates, which are per advert, it is very clear that revenue generation has now become the main objective of ARCON. Regulation is just a convenient cover. By the way, I have no problem with the need for regulation in certain critical and sensitive areas of national life. But I have problems with the sweeping powers granted to an organisation like ARCON, and the danger their operations pose to entrepreneurship, economic growth and even constitutionally-guaranteed free speech in Nigeria.

•You can follow Segun Adeniyi on his X (formerly Twitter) handle, @Olusegunverdict and onwww.olusegunadeniyi.com