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In the Matter of GTBank’s Persecution of Poor Bloggers

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This appears to be the perfect description for what is happening in an ongoing case involving the prosecution of Precious Eze, Olawale Olurotimi, Rowland Olonishuwa and Seun Odunlami before the Federal High Court in Lagos. The accused are all bloggers who run different platforms as citizen journalists or aggregators.

By Chidi Anselm Odinkalu

By the time Muhammadu Buhari ran for a second presidential term in 2019, it seemed clear that the judicial process in many parts of the country had been actively co-opted in the intimidation of civic opponents of the government, both real and imagined. The case of Steven Kefas was a defining moment in that process.

Steven was a compelling activist and amplifier of the crisis of human security in Southern Kaduna under former governor, Nasir el-Rufai. For this, el-Rufai arranged the abduction of Steven from his residence in Rivers State on 8 May 2019. From there they bundled him into interminable detention in Kaduna on the imagined crime of criminally defaming Cafra Caino, an acolyte of the governor who was also Chair of the Kajuru Local Government Council.

For this invented crime, el-Rufai had Steven charged before a Magistrate in Kaduna who refused him bail even when the crime was clearly a misdemeanor. Steven renewed his application for bail before the Federal High Court in Kaduna where the presiding judge, Peter Mallong, incredulously ruled that his suit was “an abuse of court process” because the Magistrate had previously refused bail. Turning judicial precedent on its head, Peter Mallong held that the decision of the Magistrate was binding on the Federal High Court.

Gloria Ballason, who argued Steven’s case, was also my lawyer when el-Rufai sought to also abduct me in circumstances that would have been not dis-similar to what he did to Steven. On the eve of the presidential election in 2019, el-Rufai went public with claims of a massacre of scores of Fulanis in Kajuru, a community against whom he appeared to have an implacable beef. The following morning, I publicly rebutted his claims. The security services were pointedly unable to support his claim.

After the 2019 elections, el-Rufai instructed my prosecution before the Magistrates Court in Kaduna on fanciful charges of incitement and injurious falsehood. The case did not even have a charge number. The magistrate called up the case on two successive occasions and, when I did not show up, decided the time was ripe to issue a warrant for my abduction. Contrary to my entitlements under the Nigerian constitution, even bothered to bring the charges to my attention. It seemed as if the entire objective from the beginning was to set me up for abduction.

Informed off-record about the case by sympathetic law enforcement agents subsequently, Gloria Ballason first issued filings objecting to how the court had chosen to proceed. Thereafter, she instituted proceedings before Peter Mallong’s Federal High Court in Kaduna against el-Rufai and the police arising out of these facts alleging breach of my constitutional rights.

One year after the case was instituted, in October 2020, Peter Mallong issued his decision. He claimed that the affidavit in support of my court processes sworn to by a litigation clerk in the law firm of my lawyers, was incompetent because the deponent was someone other than me. It was as if he had never heard of the Fundamental Rights (Enforcement Procedure) Rules which allowed for what the litigation clerk did. As a result, Peter Mallong said, my case was incompetent and his court lacked jurisdiction over it. After holding that he lacked jurisdiction, however, Peter Mallong went on to “dismiss” my case.

The judgment was manifestly crooked on the face of the record. A judge can only dismiss a case that they have had the opportunity to consider but a judge cannot consider a case over which s/he lacks jurisdiction. So, a judge who rules that he or she lacks jurisdiction cannot thereafter decide to dismiss the same case. That is exactly what Peter Mallong did. Having accomplished such crookedness, he then went on to award punitive costs against me.

It was this kind of casuistic and crooked jurisprudence that emboldened el-Rufai and his ilk to routinise the persecution of Nigerian citizens by abduction under cover of law. I was lucky. Steven Kefas was not. Gloria Ballason’s tenacity and an international campaign eventually enabled to Steven to make bail after 162 days in pre-trial detention in Kaduna prison.

According to Steven, while he suffered prolonged pre-trial detention for an imaginary crime framed against him for being a government critic, he witnessed kidnappers caught in the act being released without charges. Steven’s explanation is that: “What the oppressive elites do in Nigeria is that they will hire rogue lawyers to help them draft all manner of petitions to get critics and ‘enemies of the government’ abducted and locked up….”

This appears to be the perfect description for what is happening in an ongoing case involving the prosecution of Precious Eze, Olawale Olurotimi, Rowland Olonishuwa and Seun Odunlami before the Federal High Court in Lagos. The accused are all bloggers who run different platforms as citizen journalists or aggregators.

On 19 September, 2024, Country Hill, a law firm acting on behalf of Guarantee Trust Holding Company (GTCO) and its CEO, Segun Agbaje, wrote a petition in which they complained against the accused for what they called “acts of cyberbullying, criminal extortions (sic) and conducts (sic) likely to cause a breach of public peace” arising reportedly from material published on their blogs about Guarantee Trust Bank (GTBank). Importantly, the complaint omitted any mention of the sums that any of the suspects allegedly extorted or sought to. Subsequent investigation by the police showed clearly that upon the material being brought to their attention by intermediaries, the suspects had voluntarily pulled down the publications complained of.

Acting on this petition, nevertheless, the police promptly arrested and detained Precious Eze and Olawale Olurotimi, both of whom have been held in pre-trial custody since then. By the date you read this, each of them would have been in pre-trial custody for over 91 days. That is more than double the maximum duration of 42 days of pre-trial custody allowed by the Administration of Criminal Justice Act.

It took the police just four days to conclude investigation. Michael Abu, the Chief Superintendent of Police (CSP) who led the investigation into GTBank’s petition, wrote in his report of 23 September 2024 with reference to Precious Eze and Olawale Olurotimi that “these types of people be used as scapegoat” and recommended that they be “charged to court for the offence (sic) of conspiracy, cyberbullying, attempt to extort money through fraudulent means and conduct likely to cause the breach of peace.”

On 14 October, the police re-arraigned them. Ten days later, the amended charges filed against them included six counts of cyberbullying and two each of conspiracy and extortion. To prosecute them, GTBank secured the “fiat” of the Inspector General of Police to instruct a high-powered team of ten lawyers, including three Senior Advocates of Nigeria (SANs). This is a classic example of “oppressive elites” capturing the criminal process for destructive purposes against poor citizens.

Until now, the people who orchestrate these kinds of travesties and their judicial and legal co-travelers have enjoyed earthly impunity. Judges like Peter Mallong made this possible. The one lesson, however, of the Dele Farotimi case is that citizens now have the wherewithal to make these kinds of perversion of the legal and criminal process costly for those who orchestrate them.

In this case of Precious Eze and Olawale Olurotimi, that should be even moreso, given that the travesty is procured at the instance of a commercial and corporate actor. We are both citizens and customers. In this dual capacity we have the muscle to resist the determined conspiracy of politicians and corporates who seek to muzzle and destroy an informed and responsible civics. It is not too late for GTBank to retrace its steps.

A lawyer and a teacher, Odinkalu can be reached at chidi.odinkalu@tufts.edu

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

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  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
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