Dozie

Banker, Peer Mentor at Nexford University

[Selahmeditate @selahmeditate]

Nigeria's biggest problem may not be what most people think.

This conversation with Dr. Sam Amadi will challenge the way you think about leadership, governance, and the future of our nation. @SamAmadi

Watch now:
https://t.co/HMJ4LHgY3g

Selah

[Dozie @doziestus]

@TheoAbuAgada @gtbank @OPay_NG Let the beneficiary send the session ID to her bank for them to confirm if the transaction was settled to their position. If the response is negative, the sending bank should inquire from the Switch on the status of the transaction.

[Dozie @doziestus]

@OgechaTruth @DokunOjomo @Nairametrics Even Union Bank used to have about 233 branches which could be more now.

[Dozie @doziestus]

@smith_cornel Interesting

[Dozie @doziestus]

@smith_cornel For a year? What are the facilities? Because I have a well furnished house with all furnitures and electronics.

[Dozie @doziestus]

@hayzeeonline Please state the price.

[Dozie @doziestus]

@0xlordmicky I believe his people have located him already. But if not, We will need his full name and town to be able to locate his people right there in Jos. Aguata is a big LGA.

[Dozie @doziestus]

@emmaikumeh Which one is Okigwe South and Okigwe North?

[Dozie @doziestus]

@last_engell @VoiceOfTheEast Also not From the same Federal constituency.

[Dozie @doziestus]

@kk63094783 @Morris_Monye Of course, they have different teams assigned to them. But the action of promptly separating the President and his VP is a very good security move in such situation. The different teams give priority to their subject but still report to same command.

[Dozie @doziestus]

@Solomon__Igwe @FrUgochukwu They are giving him out in "marriage"

[Dozie @doziestus]

@OlaoluIbitz @ruffydfire Even with different BVN, the beneficiary account is not supposed to be charged. Please verify the charges on the beneficiary account with your bank. It could be something else or an error

[Dozie @doziestus]

@ruffydfire The charges have been there. The only change is on Stamp duty which was formerly called Electronic money transfer levy but now called Stamp duty. Also charge was previously borne by the beneficiary but now the sender pays. The amount did not change , 50 naira per txn frm 10k upwd

[Peter Obi @PeterObi]

The Farouk Controversy and the Question of Public Responsibility

One of the most talked-about public controersies in recent times is the allegation surrounding Farouk Ahmed. Alhaji Aliko Dangote, President of the Dangote Group, alleged that Mr. Farouk, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his four children in Switzerland. He called for a full investigation and public explanation.

At current exchange rates, $5 million is approximately ₦7.5 billion. In a country with over 18 million out-of-school children — the highest number in the world — this revelation inevitably raises questions of proportionality, public trust, and moral responsibility.

Education is one of the greatest legacies a parent can give a child. No reasonable person begrudges parents for investing in their children’s future. Plato, in The Republic, reminds us that “education and upbringing are what make good human beings,” warning that neglect of education harms not just individuals but the entire constitution of society.

The issue here, therefore, is not education itself, but scale, context, and moral consequence, especially when such spending is attributed to a public official in a country with extreme inequality.

What ₦7.5 Billion Could Do at Home

With ₦7.5 billion, it would be possible to build 25 school blocks, at ₦35 million per block, fully covering construction, furnishing, and basic learning infrastructure. This amounts to ₦875 million in capital expenditure.

Each block contains 6 classrooms.Each classroom accommodates 40 students.

That means:

240 students per block
25 blocks × 240 students = 6,000 students educated every year
Each block would employ 18 teachers, giving a total of 450 teachers. At a monthly salary of ₦125,000, each teacher earns ₦1.5 million per year, bringing the total annual wage bill to ₦675 million. After construction (₦875 million) and one full year of teacher salaries (₦675 million), total expenditure is ₦1.55 billion. This leaves ₦5.95 billion from the original ₦7.5 billion.

Making the System Self-Sustaining

If the remaining ₦5.95 billion is invested in Nigerian government bonds at 19%, it would yield approximately ₦1.13 billion annually.

From this yield, allocating ₦10 million per school block per year for libraries, laboratories, utilities, learning materials, meals, and maintenance would cost:

₦250 million annually (₦10m × 25 blocks)This still leaves ₦880 million per year. From this balance:
₦675 million comfortably pays teachers’ salaries every year
Over ₦200 million remains as surplus, ensuring reserves, expansion, and long-term stability
In effect, the system becomes permanently self-funding, without touching the original capital.

A Moral Contrast (Corrected)

In simple terms, the amount allegedly spent on the education of four children could establish a self-sustaining education ecosystem that:
Educates 6,000 Nigerian children every year
Employs 450 teachers.
Ironically, Nigerian children educated abroad would benefit even more if those who remain at home were educated to comparable standards to work for them and with them when they return. An educated society produces better governance, safer communities, stronger institutions, and a more dignified nation. It is a win-win.

The Larger Question Nigeria has a population of about 240 million people. In a system described by former British Prime Minister David Cameron as “fantastically corrupt,” and by the U.S. President Donald Trump as “a now disgraced country,” it is reasonable to assume that there are at least 2,400 individuals - just 0.0001% of the population - who, like the Farouks, have access to extraordinary resources largely derived from public office.

If 2,400 individuals each sacrificed $5 million, it will achieve the following:

[Dozie @doziestus]

@MathiasChukwu @DrJoeAbah "... Blessing not forfeited by original sin" refers to the fact that the first marriage, between Adam and Eve remained even after they lost every other priviledge in the Garden of Eden. Their disobedience is the "Original sin"

[Dozie @doziestus]

@kimjojo2424 Supported, provided the decision is made together with the partner before the marriage.

[Dozie @doziestus]

@GazetteNGR Just ensure that your NIN is linked to your account.

[Dozie @doziestus]

@danieltrades Sorry for your loss.
May her soul rest in peace.