Dear Prof.;
Happy new year. My daughter Sade Abegunde is looking for you in Austin.
On this Innoson matter I think we need to readjust our perspective and locate it strictly within criminality and rule of law. How can a company forge shipping documents in the name of a Bank and sell the goods thereby negating the collateral on loans taken? The state controlled by fellow criminals frustrated the Bank from getting its money. The Ports Authority and Customs and Excise were complicit in crime facilitating the criminal enterprise and Judges took money to sell judgements that are based more on fraud than justice.
We need to interrogate the fundamental role of the state in Nigeria. Is it a criminal enterprise that furthers iniquity or a genuine social contract with the people to further rule of law and fairness? The whole country is in distress because the so called untouchable big men owe money and have refused to repay denying youths and the future generation the oxygen of finance to live a decent life/ That is why they take inordinate risks to cross and drown in the Mediterranean sea and become slaves bought and sold in Libya.
Cheers.
IBK
On 2 January 2018 at 19:05, Toyin Falola <toyinfalola@austin.utexas.edu> wrote:
--The moderator wants to be educated: If Innoson's claims about all of Innoson Motors are true, and if there is a capacity to grow the automobile industry further, is it not the role of the state or federal government to mediate, bail both the man and the bank out, irrespective of the transgressions, and let Innoson Motors expand?
I need to be educated about this, in a country where politicians are so corrupt and they don't create jobs for other people?
I will not want any bad thing to befall Dangote, in spite of his linkages to politics.
Moderator
Toyin Falola
Department of History
The University of Texas at Austin
Austin, TX 78712-0220
USA
512 475 7224
512 475 7222 (fax)
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