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July 8, 2025
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Opinion

Measuring the Economic Power of our Political Elite – A Nation in Chains, By Barrister Ifeanyi Ejiofor

Let us, for once, pause to assess the true economic power of Nigeria’s political elite – not by what they declare in public filings, but by the staggering, often inexplicable wealth they have shamelessly amassed, while the nation bleeds.

Nigeria will only begin to heal when the maximum punishment for economic sabotage , particularly by politically exposed persons , is death penalty upon conviction. Until our laws boldly draw and enforce such a line without fear or favour, the plundering will persist, and the people will remain shackled.

Imagine a Nigeria where the EFCC Chairman has full constitutional independence – genuine, unrestrained authority to investigate anyone, no matter how highly placed. I dare say that a significant number of those currently occupying exalted offices – including heads of powerful agencies , would be behind bars today.

Are we not witnesses to history?

We saw how a former EFCC Chairman began exposing the same individuals who now parade themselves as untouchable demi-gods. One of today’s sitting governors could hardly campaign during his run for office – not due to unpopularity, but because the EFCC, then under Abdulrasheed Bawa, was poised to use him as a pawn to reach his more powerful principal.

But alas, power protects power in this broken system.

Still, I believe – and fervently pray – that someday, when the drums of power have faded and the curtains of immunity are finally drawn, the law will take its full course. Justice delayed is not justice denied.

For now, our economy lies in ruins – bled dry by those who were sworn to protect and grow it. What remains is a broken structure, held up only by the resilience of the poor and the silence of the betrayed.

May we not lose hope. But may we also never stop speaking.

@EjioforBar
June 14, 2025

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