TheNEWS Nigeria's leading news magazine. Published since 1993     Currently, it's
Member login
Username
Password
Registration
Lost password?
 
 

Photo Gallery

(R)-Ashamu-Adegbola,-ChairmThe-Winners-.Mrs-Oluremi-Tinubu-with-herIdowu-Ogunleye,Photo-Editor(L)-Sunmi-Smart-Cole,-ace-pFajuyi-Park

Opinion

From Sodom To Adam
Candidate Obama And Candidate Fayemi—Bisi Fayemi
New Ministry For Niger Delta And All That…—Kanayo Esinulo
Fire On The Mountain—Bayo Onanuga
The ANC Crisis—Kole Omotoso

RSS Export

Poll

How Would You Rate Our Website?
View Results

Trouble For Okereke-Onyiuke

August 25, 2008 11:08, 969 views

Professor Ndi Okereke-Onyiuke is disowned over her fund raiser for Barack Obama
okereke-onyiuke.jpg

By Ademola Adegbamigbe

The whale, an aquatic mammal, likes to swim in oceans. As it moves in the company of other big water creatures, international boundaries do not matter to it. But when it is washed ashore, drained of its life support, it falls victim to fishermen’s cutlasses and knives.

Professor Ndi Okereke-Onyiuke, Director-General of the Nigerian Stock Exchange, NSE, is like a whale. Commensurate with her mammoth frame, she has combustible emotion, coupled with high ambition and a pastime that sometimes goes beyond these shores.

The only trouble is that this pastime, her pet project, ‘Africans for Obama ’08’, has attracted attacks for the beefy woman. On Monday 11 August 2008, she organised a fund raising dinner/concert at the Muson Centre, Onikan, Lagos, to attract support for Senator Barack Obama, the Presidential candidate of the Democratic Party in the United States. That night, Okereke-Onyiuke raised N100 million. “It is probably the most expensive dinner anyone has ever eaten in that Shell Hall,” Reuben Abati, The Guardian columnist wrote. He was referring to the two categories of tables at the event: Platinum and Gold. While corporate bodies paid N2.5million for a platinum table, individuals coughed out N325,000. For the gold variant, corporate bodies paid N2million while individuals were charged N275,000.

In quick succession, however, the Economic and Financial Crimes Commission, EFCC, picked her up, even as Obama and her own constituency, Securities and Exchange Commission, SEC, disowned her. Last week, EFCC arrested her in Abuja over the controversial fund. This was confirmed by Femi Babafemi, the commission’s spokesman.

On 14 August, Mr. Musa Al-Faki, the Director-General, SEC, fired a letter to Okereke-Onyiuke, expressing concern that her role could jeopardise the ethics and political neutrality of the NSE in Nigeria and oversees. Al-Faki wrote: “It has come to the notice of the commission that you are organising a fundraiser in support of one of the two candidates in the United States presidential race. You are no doubt aware that your status as the Chief Executive Officer of the NSE is both sensitive and not partisan.” SEC added that government was aware of the strategic position of NSE and would therefore view with concern activities that could compromise its political neutrality. Okereke-Onyiuke was, therefore, requested to clarify her role in the “Africa for Obama Campaign”.

The unexpected also came the way of Okereke-Onyiuke last week. In a letter to The Punch, the Staff Counsel for the Obama Campaign, Ms. Kendall C. Burman, wrote: “We want to inform you that Obama for America Inc., which is the principal campaign committee for Senator Barack Obama in his campaign for President of the United States, and the Democratic National Committee are in no way affiliated with this event or with this organisation.” That is, Okereke-Onyiuke’s weep-more-than-the-bereaved fund raising ceremony.

Burman was categorical in her rejection of Okereke-Onyiuke’s efforts, insisting that Obama for America and the Democratic National Committee will not accept any funds raised at the event or through the fundraising activities of this group. “We want to make it clear that the event (Okereke-Onyiuke’s fundraiser) and this organisation (Africa for Obama) are in no way associated with Obama for America of the Democratic National Committee should this organisation seek to place additional advertisement in your paper,” the Staff Counsel maintained.

The man who blew the whistle on the matter was Mr. Femi Falana, human rights lawyer and pro-democracy activist. In a press statement, he said what Okereke-Onyiuke did was illegal and contrary to the electoral laws of the United States of America. “In view of the clear provisions of the United States law on external funding of political campaigns, the “Africa for Obama ’08″ should be restrained from raising funds for Mr. Barack Obama’s campaign. Otherwise, Mr. Obama is surely going to be scandalised by a powerful section of the U.S. media controlled by the Republican Party,” the statement read.

Falana was actually referring to The US Foreign Election Campaign Act, FECA, 1974 which states: The Federal Election Campaign Act, FECA, prohibits any foreign national from contributing, donating or spending funds in connection with any federal, state, or local election in the United States, either directly or indirectly. It is also unlawful to help foreign nationals violate that ban or to solicit, receive or accept contributions or donations from them. Persons who knowingly and wilfully engage in these activities may be subject to fines and/or imprisonment.

That Falana tailored his press statement for publication the same day Okereke-Onyiuke organised her illegal concert threw the woman off balance. Consequently, she has been letting off a whale of twisted logic, demonstrating crass mischief and letting out outright insults, fed by her ignorance of the current level of media practice in Nigeria, her professorship notwithstanding. Okereke-Onyiuke’s first response was that the concert was not aimed at raising funds for Obama, but to sensitise Africans living in America.

She explained: “At no time did we say we were raising money for Obama. What we are saying is that Obama is for the world and he has been getting support from Europeans, from Arabs and from all over and Nigerians should not be different. We are not collecting money for Obama. I lived in the US for 14 years; I am a Green Card holder and I know the law. We are just mobilising people who are eligible voters to go out and register and vote for him and I don‘t know why this should be an issue.” But it is an issue as far as the laws of the United States are concerned. Although Okereke-Onyiuke told Nigerians that her intention was not to give Obama or his campaign organisation the money directly–she explained that the mobilisation campaign would involve advertisements and online campaigns to encourage African-Americans to register and vote for Obama–but mobilise support for him, the relevant US law prohibits any foreign national from contributing, donating or spending funds in connection with any federal, state, or local election in the United States, either directly or indirectly.

Okereke-Onyiuke reasoned further that the event was a concert and people bought tickets on their own volition. “People have been saying I used my position as DG to compel corporate organisations to donate money. I am tired of all these. This is not true. No corporate organisation gave any cheques,” she claimed, adding that the guests came in their personal capacity, whether they work in a bank or anywhere. “Even the table I bought for my friends and relations was paid for out of my own pocket and the money was used for the food and to pay for the artistes. We ate and danced and enjoyed ourselves. Some people, including journalists, came in for free and what I said there was that if there is any surplus, after the accounts have been done, the money will be used for mobilisation.”

In Abati’s interpretation of this mobilisation, the Africans for Obama 2008 would use the money to sponsor some of their members to the Democratic Convention in Minnesota later this month. This, according to the columnist, would be illegal within the purview of the US law, moreso as these self-appointed ‘delegates’ intend to use the money to mobilise African support. “Mobilise?”Abati asked, adding: “do they intend to bribe voters? Or travel to the US with election monitors, ballot box snatchers, ghost voters or able-bodied men?”

At the event, the woman threw caution to the wind and went beserk, hitting, below the belt, journalists and critics whose views were published. She further railed that instead of people asking “what could be done to help sensitise, to mobilise, to make sure that Obama becomes the President of the world and America, they are there calculating how much. Is it their money? In business we always say you put your money where your mouth is. Why must they put their mouth where their money isn’t?”

If the woman thought she had the monopoly of bile, she had her match in Abati, whose column dripped with vitriol on the matter. In his words: “Well, what does it matter: they are already ‘eating’ the money themselves. N100 million at the rate of N117 to the dollar is about $854,900.85. They spared little expense in organising their dinner and concert. A total of five musicians, one compere and two stand-up comedians and newspaper and television adverts. This costs a lot of money. The dinner must also have cost a fortune, with the Obama campaigners guzzling wine and food ravenously. In Nigeria, oftentimes, money raised on behalf of a candidate may not even be handed over to him or to his campaign office, but the money can be spent on his behalf…”

Okereke-Onyiuke delved into her bag of insults: “I am saying this for the benefit of those people that have wretched old typewriters typing nonsense, that whatever surplus we have we are going to use the money to mobilise on the day of the election…”Certain pessimistic people are writing nonsense in the papers that what business do we have with American elections. What business do we have? Are we not citizens of the world? The President of America is the President of the world. Is it not so? Those who are pessimistic will never be intelligent.” What baffles watchers of this drama is that instead of her attacking Falana, who would give her the duel of her life, Okereke-Onyiuke directed her regurgitation at journalists. But this, to critics, also shows her ignorance about the progress made by the Nigerian media. “We no longer use manual typing machines but state-of-the-art information gizmos,” a Lagos-based journalist said.

He wondered how the woman could look down on the Nigerian media that produced such greats as Dele Olojede, a Pulitzer prize winner, Stanley Macebuh, Lade Bonuola, Bayo Onanuga, Ray Ekpu, Yemi Ogunbiyi and Onome Osifo-Whiskey and many others. For Okereke-Onyiuke, what she currently suffers are avoidable troubles.

Comments (12)

  1. Chux

    25 August 2008 14:25

    Ndi Okereke should think of more productive things to do with her “money”. She should think well and stop living life as a ’show’.
    She should think of the bad road that leads to her house in the village, the widows around her, the orphans, the less privilleged etc and stop wasting money on projects that are not ‘humane-oriented’.

  2. Timmy

    26 August 2008 01:04

    An irresponsible, arrogant, misguided loud-mouth. She ought to know that good and well-meaning charity should and must always begin at home. How many fund-raising events has she organised in Nigeria to help alleviate the suffering homeless and poverty devastated fellow Nigerians?

    She should be truly ashamed of herself for trying to bring such ridicule to the NSE and the country at large. For someone who professes to be so well read and versed about the intricacies and rules governing the funding of political parties in the US, especially when it relates to foreign donations, Ndidi Okere-Onyiuke’s sense of judgement on this and many occasions should give any sane, financially savvy and politically astute person cause for concern.

    What quality and calibre of leaders and mini tin-pot intellectuals we parade around the globe to disgrace us with their shallow, unproductive ideas and unguarded folly? What a disgrace?

  3. omo Nigeria rere

    26 August 2008 09:13

    Wonders shall never end in Nigeria, Madam stock exchange don sell obama to make money for her pocket, wetin concern you and obama, abeg no spoil the man chance with your selfish ambition. thank u.

  4. Folami Kollyjoe

    26 August 2008 17:19

    I think Obama’s chances of winning the election may become slimmed if Madam stockexchange’s egotrip project should become subject of discussion in volatile American Public opinion. For one thing the Africanness of Obama is not a social or racial capital and for another thing the possibility [or eventuality] of fat madam pocketting the 100million in her whaley belly is another headache that Obama doesn’t need now. So please when discussing this scandal let’s bear in mind to excise the OBAMA and focus more on the Ndi-NSE-onyekereke[pun not intended]. Obama has come a long way and Nigeria and Nigerians kleptocracy can’t be tolerated at this critical juncture.

  5. JOE

    26 August 2008 18:46

    i was stupidfied to a state of non thinking by her rediculous action.this is another mis-taken step by a nigerian who glory in appearance and cheap popularity.we are a nation that barely invest in our own.we celebarate people who abuse power and mis apply intelligence.what a show of shame.

  6. steve Ochigbano

    27 August 2008 13:48

    Professor ‘Did It’ Okereke should be ashamed of the mess she got herself in,it,s rediculous,outrageous and un called-for.Nigeria is rated among the poorest countries of the world,and the so-called western world are still donating aids to our beloveth country(even though such aids ended up in the hand of the priveledge few). Yet ‘Did It’ Okereke is busy raising money in the name of Obama presidential election,she should have found out first how many Kenyans donated to Obama purse……American electoral laws do not embrace that..it,s not nigerian monaybag politics.pure and simple!
    steve Ochigbano
    Germany

  7. Alhaji Akinmoye from US

    27 August 2008 17:22

    Many Nigerian are roaming the street looking for what to eat.Every blessed day people are dying and Okereke never raise money to solve this problem.What concern Okereke with Obama?where does he got the money?as a civil servant,does she supposed to partake in politics?Did that not contrary to the oath she made when she was made the Director of Stock exchange.she has violated the law.Therefore,she must be removed without compensation

  8. Chidi

    28 August 2008 20:05

    Madam Fat pig should have known better that her misguided action is illegal in America. It is too sad for her to display unadulterated ignorance. Does she think that FBB and CIA is not operating in Nigeria? Anyway, this is what you get when you are looking for cheap favor and recognition.

  9. tunde sanni

    29 August 2008 00:13

    what a shame. we are just a bunch of ignorant illiterates in this country. if not for the alarm raised by femi falana she would have committed this crime unchallenged. she must have done such a thing like this b4 but this time around she miscaculated. god! some people do see nigerians as very stupid people (people in govt). she should be hanged!!!!!!!!

  10. Adekunle adyinka

    30 August 2008 19:36

    am so ashamed to be a nigerian…..with the level of poverty in that country she is raising money for obam.How many nigerian as she raised money for ,how many homeless people has she feed ,how many nigerian international student struggling to pay their tuition as she raised money for..Its a big shame if this are the kinna of people we have in power….as i move close to be a citizen of america i can truly say am ashamed to be a nigeria

  11. Emmanuel

    31 August 2008 14:48

    It looks like those of us that had the opportunity to live abroad before returning to Nigeria come home only to be worst off. those of them that were Governors involve in rituals , killings and massive looting. upon all Ndidi’s exposure and Degrees,it never occured to her that her action could cause Obama this election. Shame on you Ndidi.you started well and deceided to end badly.NIGERIA IS FULL OF SICK LEADERS

  12. Helen Wright

    31 August 2008 16:41

    I have never been a fan of Ms. Ndi Okere-Onyiuke’s. And I do not believe that I have wish nor desire to become one in the near future. However, We should all endeavor to state our opinions on issues without resulting to insults and name calling. Personally. I find it very offencesive to see some of the respondants calling the woman inappropraite names. Well, my people, when we behave in such a maner, we do not only fail to get our messages accross, but we also reduce ourselves to the very levels of the person that we try to admonish. Same as a mad-man stealing one’s robes while bathing and one running after the lunatic in the nude! Aren’t we all aware that Ms.Ndi Okere-Onyiuke is neither the intrllrctual nor the Elite that she pretends to be? well, there is nothing that she does that suprises me much though. Please pity her .

Comment