In the unfolding drama of financial upheaval, one cannot help but recall the sage words of Saul Bellow: “You burn down the house to roast the pig(s). It was the only way mankind always roasted the pig(s).”
This sentiment echoes with particular resonance in the recent events surrounding the takeover of three or four banks, raising concerns about the trajectory of Nigeria’s economic stability.
Last week, the public was confronted with a familiar statement from Saul Bellow, a poignant reminder of the precarious nature of decisions that can have far-reaching consequences.
At that time, I held the impression that the takeover of these banks would follow a thorough analysis of the Special Investigator’s report, coupled with legal advice from the Attorney General of the Federation (AGF).
However, emerging rumors suggest that this decision may have been hastily made, denying the accused parties an opportunity to defend themselves in a court of law.
Such a development should not be taken lightly, as it raises troubling questions about the nation’s democratic principles and the potential slide into a more authoritarian regime.
In a democracy, the foundational principle dictates that no one should face punishment based solely on allegations, regardless of the gravity of the accusations or the identity of the accuser.
The Special Investigator, Mr. Obazee has laid bare a multitude of charges against Godwin Emefiele and certain bankers.
As a media commentator, it is not within my purview to accept or dismiss these accusations.
Instead, my duty, shared with my colleagues acting as public watchdogs, is to ensure justice prevails for all parties involved – the nation, the bank stakeholders, depositors, and the staff.
The current rush to judgment, fueled by Mr. Obazee’s report neglects a fundamental principle of justice – the right for the accused to be heard.
As of now, there has been no word from Mr. Tunde Lemo and others implicated in the allegations.
While their failure or refusal to appear before the investigative team might raise suspicions, it is insufficient grounds to presume guilt on all the charges leveled against them. The call for a fair hearing and due process remains paramount.
Amidst the tumult, the nation stands at a crossroads, and the decisions made in the coming days will have profound implications.
Economic stability is at stake, and the principles of justice must not be sacrificed in the pursuit of expediency. As the drama unfolds, the need for transparency, fairness, and a commitment to democratic values becomes increasingly crucial to navigate the stormy waters of economic uncertainty.
