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| His Excellency Prince Frank Onaivi Ukonga chairman SDP Edo state of Nigeria |
Prince Frank Ukonga lecture 32: Corruption, Looting of
public and private treasuries , debt burden and its negative impacts of
underdevelopment of Africa & Developing countries: Decades of living
dangerously-A 21st century perspective…In commemoration of the Anti
corruption Day of10th December 2013 .
Corruption & Looting: Money set aside for capital and recurrent
expenditures are looted away by some of those
entrusted to lead and invest these moneys to develop Africa and developing
countries…thereby under developing the people they are supposed to develop to sustainable
international standard practice causing as the direct progenitor of virtually
all the problems that plagues Africans and developing countries of the 21st
century mankind of subsequent creation as they only helped to chase the white
imperialist away and replaced them in the exploitation of Africans and many
nations of the developing world which was well orchestrated in the classics of
Lev Tolstoy a celebrated Russian classic writer of all times as ”contradictory
course of historical development and its catastrophic consequences”…these set
of secondary problems caused by some kleptomaniac leadership of the African
continent and the developing world Have become embarrassing to all and sundry
among homo sapiens of all times which includes the followings:
Debt burden; After looting away the frail earnings from
products of primordial resources of the developing countries exports receipts
of basically primary raw materials to feed the factories of the developed
world, the developing countries of the world including Africa ends up in the
debt club of becoming huge debtors Nations of the sham’ a simile of “Nevsky Prospect” of the
celebrated classics of Alexandra Pushkin- “ Queen of Spades”- Pikavaya Dama-
where the personage of Harman youth to
the marrow courted the friendship of Elizaveta
an unsuspecting octogenarian only to steal the secret of the spades, a
source to everlasting riches, as a lover to be; and shakalinsky who was the scoundrel of
Neveksy Prospects fleecing unsuspecting Nation of men and women off their
earnings and yet here Pushkin in his genius described Shakalinsky and Herman as
goods looking, matured, handsome men with good demeanor that you would pass as
good men but they are exactly the opposite and that fit the personage of some
African leadership and in general the third world; the African media describe
these set of leaders as pen robbers=……
Africa and developing countries becoming net exporter of
capital; exports over 60 billion dollars annually from Africa due to debt
default, Re schedulement, illiquidity and insolvency : the debt burden was so
endemic in the past 7 decades of the human race while in the previous century
the debt burden captured the majour aspects of public and private discuss of
all mankind of that epoch…with debt insolvency, default and illiquidity being
the order of the day resulting in debt payment re schedulement while interest continue to accrue
and Africa plus the developing world became net exporter of capital to the
developed world- for example, a country like Nigeria that borrowed about 5
billion dollars from several financial syndicates
of the world became indebted to the tune of 50 billion…ie 5000% due to default,
and re schedulement…until a succor came during the gulf war when many debts of
the developing world were written off by the creditors while Nigeria had to pay
20 billion dollars due to improved earnings from the mono culture petroleum
exports…and had a debt forgiveness …and
in the 21 century the debt portfolio of developing countries and African
countries is increasing on daily basis and
currently Africa is a net exporter of capital to the tune of 60 billion
dollars annually and if not checked the situation of the upper quartile
of the previous century will soon manifest again…as history repeats itself..remember
the classic maxim that those who go a borrowing goes a sorrowing…whence there
is the urgent need to check corruption and looting of public and private sector
treasuries…and also to question borrowing and use loans wisely to implement
projects that yields returns…
Miss management and looting of borrowed money, Loan,
developmental finance, grants and Assistances to Africa and developing worlds:
Two days ago the Debt management Commission of Nigeria came out with a shocking
news about the debts of state governments in Nigeria and identified about 9 states
that are under heavy debt burden and added that in all these heavily indebted
states there is little or nothing on ground to show for these huge state debts.
It was published this week in the current edition of News World Magazine you
can go buy it and read it yourself...And that is the real problem where loans,
grants, are looted away…the investments for which these loans were taken not
implemented or shabbily implemented as the bulk of the loan find its way into
private accounts so the case becomes that of double tragedy for the peoples who
have to repay the loan looted away and no investments done .this would lead to
default, illiquidity, insolvency and the collapse of states very soon……the case
is pathetic and despicable…a simile of the one improvised by another celebrated
writer called Ivan Goncharov.. In his classics”Oblomov” he captured the exact
scenario of the African and developing countries of today noting that- the “situation of stagnation, uselessness, and
dead immobility { shiftlessness} of that genre ruin and corrupt peoples who
were good by nature” and till today that phenomenon of obtuse rabid and wanton
corruption is known in classic circles as “ Oblomov”
Redundancy/Joblessness: The bulk of African condiment have
become plagued by this albatross of redundancies of voluntary and involuntary redundancies
of skilled and unskilled labour…men and women youth to the marrow roaming the
streets of African countries and Latin American countries without jobs nor hope
of getting employed in their entire life span…the money that should be used to
create factories . industries and opportunities of investment and the
investment atmosphere would be looted away or have been looted away , mis
managed by the leaders of these countries and their surrogates and hanger on ,
so the jobs are not just there so stop writing application letters,,, and the developmental
finance from export receipts, plus
loans, plus assistances from all over the world are eaten up by some greedy
leaders and their cronies leaving the masses of these countries to waste away
in poverty, penury, scavenging, hunger homelessness, endemic diseases, no
water, no electricity, no roads, no hospitals, no schools and the peoples are
forever destined to waste away in ruins , HIV/AIDS. Malaria, shame and eternal
grief and death a simile of the improvisation of …..it is pathetic and a shame
to the entirety of the human race of subsequent creation to tolerate such occurrences
as it is a disgrace to intelligence as well as it corrupts intelligence…and
that is why the gods continue to insulate other realms of creation from being contaminated
by the wickedness and satanic ways of mankind of subsequent substantiated
creation…
Illiteracy/Education: After wasting away the post
independence goodwill f the Nations of most developing world the leadership out
of indiscretion, selfishness and the thirst to perpetuate themselves in power refused
to invest in qualitative education of the peoples of many developing world…and
today in Africa the illiteracy level still stand high as above 60% of its
peoples remain illiterates or semi illiterates and many graduates produced from
some of the schools as at today are like illiterates as some it has been alleged
cannot write their resume nor write application letter for job placement and it
is the story of mass failure in many exams where less than 30% passed…a simile of
what Turgenev a classic Russian writer of celebrated genre improvised in his
Hunters Sketches- Axotnie Zapiss= about young lads “youth to the marrow who
stupidly jokes away their lives’ while Lermontov another celebrated classic writer
of same genre concluded of his popular personage Pechorin a miserable exploiter
that “and we their sorry descendants
wondering the world without any conviction nor pride we are no longer
capable of any sacrifice either for the good of mankind nor for our own happiness….”
Satanic Production Relations & cooperate greed : Poverty,
Hunger, homelessness in developing world; the celebrated classic write
Alexander Herzen captured the
situation of today in Africa and many
developing countries in his Memoirs, by noting that the masses have become frightened
out of their wits, by the continuous
tyranny of the ruling genre, the intelligentsias and liberals languishing in enforced
inactivity of shiftlessness results in the frightening scenario of poverty,
hunger, homelessness, want and deprivations in developing countries of today…
and the situation will pervade the entire 21 century unless we all change our
attitude from passivity to become conscious beings that determines
consciousness and awaken to the fundamental Marxist maxim that by and by human
beings determines consciousness as in aposteriori knowledge from whence
emanates enterprise and it subsequent various stages of productions and
productions relations and the situation is precipitate of the inalienable truth
that the contemporary production relations of most of the developing world
countries and even those of the developed world is moribund
and its consequences is the poverty, redundancies, hopelessness, frustrations,
homelessness, hunger etc….for example in the United states and most parts of
the world less than 10% of the population owns more than 80% of the entire wealth
while 90% of the population is caged into
poverty to live with 20% or less of the wealth of the countries and in the
developing world and Africa it is even more acute as less than 5 % owns more
than 90% of the entire wealth and millions of peoples are caged within the remaining
10% of the wealth of African countries and the developing world…in this kind of
scenario of satanic production relations
there would certainly be acute hunger, joblessness ,homelessness, poverty,
prostitution, grief and death….
The development of democratic, cultural, economic and
infrastructural institutions-Religion strives, civil wars, crimes, drug trafficking,
terrorism local and regional conflicts: when a nation is well governed there would be less civil strives as novel definitions
of conflict resolution would be adaptable to resolving conflicts but when a
nation is ill governed many ills like crimes, frauds, arm rubbers, terrorism
,and all sorts of conflicts would germinate mainly because of the fact that
peoples becomes frustrated and vices become the order and no more an aberration…whence
there is the urgent need for developing
world countries to strengthen their institutions from the democratic institutions
to that of judiciary, economic ,real sector, cultural etal so that the institutions
would be stronger than individuals this would ease the cases of corruptions,
crimes, cooperate greed, etc
Nobel Laureate Professor Wole Soyinka summarized the some miss managed developing world dilemma as “a Wasted Generation”: this miss
management Exacerbate discrimination on global scale, racial
intolerance and promote restrictions- After wasting away through ms management
of the receipts from exports earnings of these developing countries and the
developmental loan for development looted away to private accounts the creditor
countries begin to feel unsafe in the in workability of the proffered solution
to the problems of developing world as the endemic poverty and frustrations of
the peoples of developing world begin to wear a thirtiary level of mass exodus
of the peoples of developing countries to the developed countries in search of
greener pastures…the develop countries began to put restrictions on travels of different
sorts…for example when Nigeria was rich and well managed in the Gowon Era and
the Murtala Era most countries of the world allow Nigerians to travel to their countries
without visa and at best the visa would be issued at the point of entry because
they are cognizance of the high standard of Nigeria but After the death of Murtala
and all the monies left in the account wasted away and Nigeria began to borrow from
all over the world the developed countries of the world began to demand visa to
be issued from their embassies in Nigeria and till today many barriers and
restriction are being put forward by developed countries to frustrate peoples
from checking out from their miss managed countries to come and become a
liability to them and you cannot blame these developed countries for doing that
…
Sanitary condom: recently the United Kingdom planned a 3000
pounds VISA bond for would be travelers to the UK on some developing countries
of the world..if these countries had good well managed economies that is upward
mobile, sustainable and well managed institutions they would not place them on
VISA bond but rather would welcome then with two warm hands..why are they not
placing VISA bond on India and China that used to be in the category of
developing countries a few years ago but have managed their countries so well
to the admiration of all men and women and the gods alike..why are they not
putting VISA Bond on South Korea and Brazil, South Africa, Indonesia, etc who
are also developing worlds that suddenly emerged as Economic tigers of the
world with strong well managed institutions..……but if we had managed our country
well the white , the Asians, the Americans, the Europeans also would have loved
to come and visit us, to come and join hands with us in our countries of
developing world , to come and live side by side with us and contribute their
quota in the development of developing countries..even some can even come and
seek for citizenship of our countries but as it is now nobody even the gods
does not take joy in associating with failures… the gods only tolerate failure…
they are not happy when we fail….it is well spelt out in the bible of the story
of the master that gave three of his servants talents when going on a
journey…when he came he asked of them what they did with their talents..he took
all the talents from the servants that did not use it well and gave it to the
one that invested it well…When Saul was made first King of Israel and he failed
God, he was rejected by God and God went for David a village Sheppard boy to
replace Saul Since then the entire world and the gods identify with David ,
name their sons after David and his heroic exploits I have travelled round the
entire world and have not seen any person identify with Saul nor Judas
Iscariot, nor name their sons after them………so it is clear, and no argument here
that the leadership of most developing
world have inadvertently wasted away the talents of the some developing countries in what our Nobel
Laureate Professor Wole Shoyinla summarized as a “Wasted Generation,…”
Prince Frank Onaivi Ukonga- Publisher and President National
peoples News
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