Former Military Head of state, Gen. Ibrahim Babangida described members of his administration as saints and angels compared to
those in power today. IBB made this remark during an interview with EFCC's internal
correspondence "Zero Tolerance"
"Let me tell you something, maybe
you have a hand in it. I have been
the most investigated President Nigeria has ever had. By now, somebody
should have come forward to say here it is. Every government that came
after me investigated me because of that
perception as they wanted to retrieve the billions I stole. Well, we had
different approaches. I think my government was able to
identify corruption-prone areas and checked them. If you remember in
this country, there were things they call essential commodities. These
are also sources of corruption. You go and buy Omo or food or whatever
it is and we got government to take its hands off such activities. Let
people use their own brains, hands and labour, nobody has to do it for
them. So we did but I am proud to say that was much more effective. I
don’t have the facts but if what I read in the newspapers is currently
what is happening then I think we were angels” he said
IBB
says the perception that his government institutionalized corruption is
incorrect, arguing that with the little his administration was making
from oil they could do what they did but with the much the present
administration is making from oil, much is still left to be desired
"Yeah, I know. Maybe I have to accept that but anybody with a sense of
fairness has no option but to call us saints. I give you an example, in
a year I was making less than $7billion in oil revenue. In the same
period, there are governments that are making $200billion to
$300billion. With $7billion, I did the little I could achieve. With $200billion, there is still a lot to be achieved.”he said
On
the $12.4billion oil windfall from the 1991 Gulf War which many
believed was stolen by his government, Babangida insisted the money was
not stolen.
“First of all, that war lasted three months, about ninety something
days. It didn’t last up to a year. So get the facts straight. Secondly,
the oil price at that time was below $18 per barrel. So, there is no way
you could make $12.4billion in three months. We could not have made
that amount of money but Pius Okigbo knew
what he was doing. He had brains and he said between 1986 or 1988 to
1994, monies accrued to the Federal Government at that time was about
that money you are calling windfall. He said so. It is there in his
book. Then the other thing he said, the monies could have gone into
generative investment. I am not an economist but I have an understanding
of what this is. Our argument then was if you have the money, why keep
it and be
looking at it when you have a lot of things that will benefit the
ordinary man. So that money was not stolen. It is what you see now in
the country. Thank God most of the
infrastructure we put in place are what you are using today and proudly
so.”
Gen Babangida says the gains from the oil boom was used
in the development of infrastructures such as the FCT Abuja and the
third mainland bridge in Lagos amongst others
“Abuja for
example, I built Abuja. Today, we have a brand new capital. We used that
money. I gave you a Third Mainland Bridge in Lagos. You cannot build it
now
for all the money Nigeria is making. And what did it cost me?
N500million, N600million, N700million. For the first time, a dual
carriage way was seen in the Northern
part of the country between Kaduna and Kano and then linked it up from
Abuja. You cannot afford to do it now; you cannot even afford to touch
it because there are a lot of competing needs.”he said
IBB who announced the annulment of the
June 12
election in which business mogul Late Chief Moshood Abiola was adjudged
the winner, accepted that the election was a credible election
"Yes, it (June 12)
is a day in the history of Nigeria and the day the most credible
election was held. We gave you a lot of reasons but I understood the
passion. At that
time, everybody was fed up. The sentiment was: just pack your things
and go. Our thought process is very limited. First of all, on June 23,
1993, I was on the air and I told
Nigerians why we had to do what we did but I was sensible enough to know
that whatever I said nobody was interested. So, the important thing is
get out.”he said
Speaking about his investments, Babangida said he
is a major shareholder in a bank but failed to mention the name of the
bank or the value of his shares in the bank.
On how he built his Hilltop Mansion in Minna, Babangida said:
“I
cannot estimate because it has appreciated. I know what my friends
spent. No, my friends contributed. They were friends before we came into
government and friends while I was in government. I started building it
in 1991, took two to three years so that by the time I finished, I
would have a house to sleep in.”