Do you prefer Buhari to Atiku for 2019 presidency? Check out Buhari’s antecedents and history

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    President Muhammadu Buhari, born on 17 December 1942, is the president of Nigeria, in office since 2015. He is a retired major general in the Nigerian army and previously served as the nation’s head of state from 31 December 1983 to 27 August 1985, after taking power in a military coup.

    He unsuccessfully ran for the office of president in the 2003, 2007 and 2011 general elections. In December 2014, he emerged as the presidential candidate of the All Progressives Congress (APC) for the March 2015 general elections. Buhari won the election, defeating the incumbent former President Goodluck Jonathan. This marked the first time in the history of Nigeria that an incumbent president lost to an opposition candidate in a general election. He was sworn in on 29 May 2015.

    Following criticism over his military rule, Buhari said he takes responsibility for anything over which he presided during his military administration, and that he cannot change the past. He has described himself as a “converted democrat.”

    Early life

    Muhammadu Buhari was born to a Fulani family on 17 December 1942, in Daura, Katsina state, to his father Adamu and mother Zulaihat. He is the 23rd child of his father. Buhari was raised by his mother, after his father died when he was about four years old.

    He attended primary school in Daura and Mai’adua before proceeding to Katsina Model School in 1953, and to Katsina Provincial Secondary School (now Government College Katsina) from 1956 to 1961.

    Early military career

    Buhari joined the Nigerian army by enrolling in the Nigerian Military Training College (NMTC) in 1961. In February 1964, the college was upgraded to an officer commissioning unit of the Nigerian Army and renamed the Nigerian Defence Academy (NDA) (prior to 1964, the Nigerian government sent cadets who had completed their NMTC preliminary training to mostly Commonwealth military academies for officer cadet training). From 1962 to 1963, Buhari underwent officer cadet training at Mons Officer Cadet School in Aldershot in England.

    In January 1963, Buhari was commissioned a second lieutenant and appointed Platoon Commander of the Second Infantry Battalion in Abeokuta, Nigeria. From November 1963 to January 1964, Buhari attended the Platoon Commanders’ Course at the Nigerian Military Training College, Kaduna. In 1964, he facilitated his military training by attending the Mechanical Transport Officer’s Course at the Army Mechanical Transport School in Borden, United Kingdom.

    From 1965 to 1967, Buhari served as commander of the Second Infantry Battalion and appointed brigade major, Second Sector, First Infantry Division, April 1967 to July 1967.

    Northern counter-coup of 28 July 1966

    In July 1966 Lieutenant Muhammadu Buhari was one of the participants in the “July Rematch” or so called “Counter-Coup”, led by Lt-Col Murtala Muhammed, that overthrew and assassinated Nigeria’s first self-appointed military Head of State General Aguiyi Ironsi, who had assumed leadership of the Nigerian government after a failed coup attempt on 15 January 1966, which overthrew the elected parliamentary government of Nigeria (also known as first republic). Other participants in the coup on 28 July 1966 included 2nd Lieutenant Sani Abacha, Lieutenant Ibrahim Babangida, Major Theophilus Danjuma, Lieutenant Ibrahim Bako among others.

    The coup was a reaction to the January coup where a group of mostly Igbo officers led by Major Chukwuma Kaduna Nzeogwu overthrew the democratically elected government of Prime Minister Abubakar Tafawa Balewa. Many Northern soldiers were aggrieved by the murder of senior politicians, Prime Minister Abubakar Tafawa Balewa, northern regional premier, Ahmadu Bello, and four senior officers from northern Nigeria: Brigadier Zakariya Maimalari, Colonel Kur Mohammed, Lt-Cols Abogo Largema and James Pam. The counter-coup was very bloody leading to the murder of mostly Igbo officers. Among the casualties were the first military head of state General Aguiyi Ironsi and Lt Colonel Adekunle Fajuyi, the military governor of the Western region.

    Civil war

    Buhari was assigned to the 1st Division under the command of Lt. Col Mohammed Shuwa, the division had temporarily moved from Kaduna to Makurdi at the onset of the Nigerian Civil War. The 1st division was divided into sectors and then battalions with Shuwa assisted by sector commanders Martin Adamu and Sule Apollo who was later replaced by Theophilus Danjuma. Buhari’s initial assignment was as Adjutant and Company Commander 2 battalion unit, Second Sector Infantry of the 1st Division. The 2 battalion was one of the units that participated in the first actions of the war, they started from Gakem near Afikpo and moved towards Ogoja with support from Gado Nasko’s artillery squad. They reached and captured Ogoja within a week with the intention of advancing through the flanks to Enugu, the rebel capital.

    Buhari was briefly the 2 battalion’s Commander and led the battalion to Afikpo to link with the 3rd Marine Commando and advance towards Enugu through Nkalagu and Abakaliki. However, before the move to Enugu, he was posted to Nsukka as Brigade Major of the 3rd Infantry Brigade under Joshua Gin who would later become battle fatigued and replaced by Isa Bukar. Buhari stayed with the infantry for a few months as the Nigerian army began to adjust tactics learnt from early battle experiences. Instead of swift advances, the new tactics involved securing and holding on to the lines of communications and using captured towns as training ground to train new recruits brought in from the army depots in Abeokuta and Zaria.

    In 1968, he was posted to the 4 Sector also called the Awka sector which was charged to take over the capture of Onitsha from Division 2. The sector’s operations was within the Awka-Abagana-Onitsha region which was important to Biafran forces because it was a major source of food supply. It was in the sector that Buhari’s group suffered a lot of casualties trying to protect food supplies route of the rebels along Oji River and Abagana.

     

    After the war

    From 1970 to 1971, Buhari was Brigade Major/Commandant, Thirty-first Infantry Brigade. He then served as the Assistant Adjutant-General, First Infantry Division Headquarters, from 1971 to 1972. He also attended the Defence Services Staff College, Wellington, India, in 1973.

    From 1974 to 1975 Buhari was Acting Director of Transport and Supply at the Nigerian Army Corps of Supply and Transport Headquarters.

    Buhari’s participation in July 1975 coup

    Then Lieutenant Colonel Buhari was among a group of officers led by Colonels Ibrahim Taiwo, Joseph Garba, Abdulahi Mohammed, Anthony Ochefu, Lieutenant Colonels Shehu Musa Yar’Adua, Ibrahim Babangida and Alfred Aduloju) who overthrew the Head of State, General Yakubu Gowon.

    Governor of North Eastern State

    From 1 August 1975 to 3 February 1976, General Murtala Mohammed, appointed Buhari as Governor of the North-Eastern state, to oversee socio-economic and political improvements in the state. Buhari also briefly served as Governor of Borno state from 3 February 1976 to 15 March 1976.

    On 3 February 1976, the North Eastern state was divided by the military government into Bauchi, Borno and Gongola states. In August 1991, Yobe state was created from Borno state, while Gongola state was split into two states, Taraba and Adamawa. In October 1996, Gombe state was created from Bauchi state.

    Federal Commissioner for Petroleum and Natural Resources

    In March 1976, the Head of State, General Olusegun Obasanjo, appointed Buhari as the Federal Commissioner (position now called Minister) for Petroleum and Natural Resources. When the Nigerian National Petroleum Corporation was created in 1977, Buhari was also appointed as its Chairman, a position he held until 1978. During his tenure as commissioner, N2.8billion allegedly went missing from the accounts of the NNPC in Midlands Bank in the United Kingdom. Former President Ibrahim Babangida allegedly accused Buhari of being responsible for this fraud.

    However, in the conclusion of the Crude Oil Sales Tribunal of Inquiry headed by Justice Ayo Irikefe to investigate allegations of N2.8 billion misappropriation from the NNPC account, the tribunal found no truth in the allegations even though it noticed some lapses in the NNPC accounts.

    During Buhari’s tenure as the Federal Commissioner for Petroleum and Natural Resources, the government invested in pipelines and petroleum storage infrastructures. The government built about 21 petroleum storage depots all over the country from Lagos to Maidugiuri and from Calabar to Gusau; the administration constructed a pipeline network that connected Bonny terminal and the Port Harcourt refinery to the depots. Also, the administration signed the contract for the construction of a refinery in Kaduna and an oil pipeline that will connect the Escravos oil terminal to Warri Refinery and the proposed Kaduna refinery.

    Back in military service

    From 1978 to 1979, he was Military Secretary at the Army Headquarters and was a member of the Supreme Military Council from 1978 to 1979. From 1979 to 1980, at the rank of colonel, Buhari (class of 1980) attended the US Army War College in Carlisle, Pennsylvania, in the United States, and gained a Masters Degree in Strategic Studies.

    Upon completion of the on-campus full-time resident programme lasting ten months and the two-year-long, distance learning programme, the United States Army War College (USAWC) college awards its graduate officers a master’s degree in Strategic Studies.

    In 1983, when Chadian forces invaded Nigeria in the Borno State, Buhari used the forces under his command to chase them out of the country, crossing into Chadian territory in spite of an order given by President Shagari to withdraw. This 1983 Chadian military affair led to more than 100 victims and “prisoners of war.”

    December 1983 military coup

    Major-General Buhari was one of the leaders of the military coup of December 1983 that overthrew the democratically elected government of President Shehu Shagari. At the time of the coup plot, Buhari was the General Officer Commanding (GOC), Third Armored Division of Jos. With the successful execution of the coup by General Buhari, Tunde Idiagbon was appointed Chief of General Staff (the de facto No. 2 in the administration). The coup ended Nigeria’s short-lived Second Republic, a period of multi-party democracy started in 1979.

    According to The New York Times, the officers who took power argued that “a flawed democracy was worse than no democracy at all”. Buhari justified the military’s seizure of power by castigating the civilian government as hopelessly corrupt and promptly suspended Nigeria’s 1979 constitution. Another rationale for the coup was to correct economic decline in Nigeria. Sani Abacha in the military’s first broadcast after the coup linked ‘an inept and corrupt leadership’ with general economic decline. In Buhari’s New Year day speech, he too mentioned the corrupt class of the second republic but also as the cause of a general decline in morality in the society.

    Head of state (1983–85)

    The structure of the new military leadership which was also the fifth in Nigeria since independence resembled the last military regime, the Obasanjo/Yaradua administration. The new regime established a Supreme Military Council, a Federal Executive Council and a Council of States. The number of ministries was trimmed to 18 while the administration carried out a retrenchment exercise among the senior ranks of the civil service and police. It retired 17 permanent secretaries and some senior police and naval officers. In addition, the new military administration promulgated new laws to achieve its aim. These laws included the Robbery and Firearms (Special Provisions) Decree for the prosecution of armed robbery cases, the State Security (Detention of Person) Decree which gave powers to the military to detain individuals suspected of jeopardizing state security or causing economic adversity. Other decrees included the Civil Service Commission and Public Offenders Decree which constituted the legal and administrative basis to conduct a purge in the civil service.

    Policies and initiatives

    Economic policy

    In order to reform the economy, as Head of State, Buhari started to rebuild the nation’s social-political and economic systems, along the realities of Nigeria’s austere economic conditions. The rebuilding included removing or cutting back the excesses in national expenditure, obliterating or removing completely, corruption from the nation’s social ethics, shifting from mainly public sector employment to self-employment. Buhari also encouraged import substitution industrialisation based to a great extent on the use of local materials. However, tightening of imports led to reduction in raw materials for industries causing many industries to operate below capacity.

    However, Buhari’s bid to re-balance public finances by curbing imports led to many job losses and the closure of businesses. Buhari broke ties with the International Monetary Fund, when the fund asked the government to devalue the naira by 60%. However, the reforms that Buhari instigated on his own were as or more rigorous as those required by the IMF.

    Buhari’s economic policies did not earn him the legitimacy of the masses due to the rise in inflation and the use of military might to continue to push many policies blamed for the rise in food prices.

    Buhari’s military government continued largely with the foreign policy it inherited from Shehu Shagari. In January 1984, in his new year broadcast, Buhari stated that he would maintain and enhance diplomatic relations with all countries and international organisations such as the OAU, UN, OPEC, ECOWAS and the Commonwealth of Nations. He also stated that he would honour all treaty obligations entered into by previous governments, which he did.

    Buhari mounted an offensive against entrenched interests. In 20 months as Head of State, about 500 politicians, officials and businessmen were jailed for corruption during his stewardship. Detainees were released after releasing sums to the government and agreeing to meet certain conditions.

    The Umaru Dikko Affair was another defining moment in Buhari’s military government. Umaru Dikko, a former Minister of Transportation under the previous civilian administration of President Shagari who fled the country shortly after the coup, was accused of embezzling $1billion in oil profits. With the help of an alleged former Mossad agent, the NSO traced him to London, where operatives from Nigeria and Israel drugged and kidnapped him. They placed him in a plastic bag, which was subsequently hidden inside a crate labelled as “Diplomatic Baggage”. The purpose of this secret operation was to ship Dikko off to Nigeria on an empty Nigerian Airways Boeing 707, to stand trial for embezzlement. The plot was foiled by British airport officers.

     

    Buhari’s administration enacted three decrees to investigate corruption and control foreign exchange. The Banking (Freezing of Accounts) Decree of 1984, allotted to the Federal Military Government the power to freeze bank accounts of persons suspected to have committed fraud. The Recovery of Public Property (Special Military Tribunals) Decree permitted the government to investigate the assets of public officials linked with corruption and constitute a military tribunal to try such persons. The Exchange Control (Anti-Sabotage) Decree stated penalties for violators of foreign exchange laws.

    War Against Indiscipline

    One of the most enduring legacies of the Buhari government has been the War Against Indiscipline (WAI). Launched on 20 March 1984, the policy tried to address the perceived lack of public morality and civic responsibility of Nigerian society. Unruly Nigerians were ordered to form neat queues at bus stops, under the eyes of whip-wielding soldiers. Civil servants who failed to show up on time at work were humiliated and forced to do “frog jumps”. Minor offences carried long sentences. Any student over the age of 17 caught cheating on an exam would get 21 years in prison. Counterfeiting and arson could lead to the death penalty.

    53 suitcases saga

    Buhari’s administration was embroiled in a scandal concerning the fate of 53 suitcases with unknown contents. The suitcases were being transported by the Emir of Gwandu, whose son was Buhari’s aide-de-camp, and were cleared through customs on 10 June 1984 without inspection during his return flight from Saudi Arabia.

    Human rights

    According to Decree Number 2 of 1984, the state security and the chief of staff were given the power to detain, without charges, individuals deemed to be a security risk to the state for up to three months. Strikes and popular demonstrations were banned and Nigeria’s security agency, the National Security Organization (NSO) was entrusted with unprecedented powers. The NSO played a wide role in the cracking down of public dissent by intimidating, harassing and jailing individuals who broke the interdiction on strikes. By October 1984, about 200,000 civil servants were retrenched.

    The regime also jailed its critics, as in the case of Nigeria’s most popular artist and one time presidential contender, afro-beat singer Fela Kuti. He was arrested on 4 September 1984 at the airport as he was about to embark on an American tour. Amnesty International described the charges brought against him for illegally exporting foreign currency as “spurious”. Using the wide powers bestowed upon it by Decree Number 2, the government sentenced Fela to five years in prison. He was released after 18 months, when the Buhari government was toppled.

    In 1984, Buhari passed Decree Number 4, the Protection Against False Accusations Decree, considered by scholars as the most repressive press law ever enacted in Nigeria. Section 1 of the law provided that “Any person who publishes in any form, whether written or otherwise, any message, rumour, report or statement […] which is false in any material particular or which brings or is calculated to bring the Federal Military Government or the Government of a state or public officer to ridicule or disrepute, shall be guilty of an offense under this Decree”. The law further stated that offending journalists and publishers will be tried by an open military tribunal, whose ruling would be final and unappealable in any court and those found guilty would be eligible for a fine not less than 10,000 naira and a jail sentence of up to two years. Tunde Thompson and Nduka Irabor of The Guardian were among the journalists who were tried under the decree.

    Decree 20 on illegal ship bunkering and drug trafficking was another example of Buhari’s tough approach to crime. Section 3 (2) (K) provided that “any person who, without lawful authority deals in, sells, smokes or inhales the drug known as cocaine or other similar drugs, shall be guilty under section 6 (3) (K) of an offence and liable on conviction to suffer death sentence by firing squad.” In the case of Bernard Ogedengbe, the Decree was applied retroactively. He was executed even if at the time of his arrest the crime did not mandate the capital punishment, but had carried a sentence of six months imprisonment.

    In another prominent case of April 1985, six Nigerians were condemned to death under the same decree: Sidikatu Tairi, Sola Oguntayo, Oladele Omosebi, Lasunkanmi Awolola, Jimi Adebayo and Gladys Iyamah.

    In 1985, prompted by economic uncertainties and a rising crime rate, the government of Buhari opened the borders (closed since April 1984) with Benin, Niger, Chad and Cameroon to speed up the expulsion of 700,000 illegal foreigners and illegal migrant workers. Buhari is today known for this crisis; there even is a famine in the east of Niger that have been named “El Buhari”

    His regime drew criticism from many, including Nigeria’s first Nobel Prize winner Wole Soyinka, who, in 2007, wrote a piece called “The Crimes of Buhari” which outlined many of the abuses conducted under his military rule.

    Ahead of the 2015 general election, Buhari responded to his human rights criticism by saying that if elected, he would follow the rule of law, and that there would be access to justice for all Nigerians and respect for fundamental human rights of Nigerians.

    1985 coup and detention

    In August 1985, Major General Buhari was overthrown in a coup led by General Ibrahim Babangida and other members of the ruling Supreme Military Council (SMC). Babangida brought many of Buhari’s most vocal critics into his administration, including Fela Kuti’s brother Olikoye Ransome-Kuti, a doctor who had led a strike against Buhari to protest declining health care services. Buhari was then detained in Benin City until 1988.

    Buhari’s admirers believe that he was overthrown by corrupt elements in his government who were afraid of being brought to justice as his policies were beginning to yield tangible dividends in terms of public discipline, curbing corruption, lowering inflation, enhancing workforce and improving productivity. Ibrahim Babangida justified his coup by saying that Buhari failed to deal with the country’s economic problems and promised “to rejuvenate the economy ravaged by decades of government mismanagement and corruption”.

    Buhari spent three years of detention in a small guarded bungalow in Benin. He had access to television that showed two channels and members of his family were allowed to visit him on the authorization of Babangida.

    In retirement and Civilian life

    After his mother’s death, he was released in December 1988 and went into farming. While in detention, his farm was managed by his relatives. He divorced his first wife in 1988 and married Aisha Halilu. In Katsina, he became the pioneer chairman of Katsina Foundation that was founded to encourage social and economic development in Katsina State.

    Chairman of the Petroleum Trust Fund

    Buhari served as the Chairman of the Petroleum Trust Fund (PTF), a body created by the government of General Sani Abacha, and funded from the revenue generated by the increase in price of petroleum products, to pursue developmental projects around the country. A 1998 report in New African praised the PTF under Buhari for its transparency, calling it a rare “success story”. However, the same report also noted that critics had questioned the PTF’s allocation of 20% of its resources to the military, which the critics feared would not be accountable for the revenue.

    2003 presidential elections

    In 2003, Buhari ran for office in the presidential election as the candidate of the All Nigeria People’s Party (ANPP). He was defeated by the People’s Democratic Party nominee, President Olusẹgun Ọbasanjọ, by a margin of more than 11 million votes.

    2007 presidential elections

    On 18 December 2006, Gen. Buhari was nominated as the consensus candidate of the All Nigeria People’s Party. His main challenger in the April 2007 polls was the ruling PDP candidate, Umaru Yar’Adua, who hailed from the same home state of Katsina. In the election, Buhari officially took 18% of the vote against 70% for Yar’Adua, but Buhari rejected these results. After Yar’Adua took office, the ANPP agreed to join his government, but Buhari denounced this agreement.

    2011 presidential elections

    In March 2010, Buhari left the ANPP for the Congress for Progressive Change (CPC), a party that he had helped to found. He said that he had supported foundation of the CPC “as a solution to the debilitating, ethical and ideological conflicts in my former party the ANPP”.

     

    Buhari was the CPC Presidential candidate in 16 April 2011 general election, running against former President Goodluck Jonathan of the People’s Democratic Party (PDP), Mallam Nuhu Ribadu of Action Congress of Nigeria (ACN), and Ibrahim Shekarau of ANPP. They were the major contenders among 20 contestants. He was campaigning on an anti-corruption platform and pledged to remove immunity protections from government officials. He also gave support to enforcement of Sharia law in Nigeria’s northern states, which had previously caused him political difficulties among Christian voters in the country’s south.

    The elections were marred by widespread sectarian violence, which claimed the lives of 800 people across the country, as Buhari’s supporters attacked Christian settlements in the country’s centre regions. The three-day uprising was blamed in part on Buhari’s inflammatory comments. In spite of assurances from Human Rights Watch, who had judged the elections as “among the fairest in Nigeria’s history”, Buhari claimed that the poll was flawed and warned that “If what happened in 2011 should again happen in 2015, by the grace of God, the dog and the baboon would all be soaked in blood”.

    However, he remains a “folk hero” to some for his vocal opposition to corruption. Buhari won 12,214,853 votes, coming in second to former president Goodluck Jonathan of the PDP, who polled 22,495,187 votes and was declared the winner.

    In the runup to the 2015 presidential elections, the campaign team of former President Goodluck Jonathan asked for the disqualification of General Buhari from the election, claiming that he is in breach of the constitution. According to the fundamental document, in order to qualify for election to the office of the president, an individual must be “educated up to at least School certificate level or its equivalent”. Buhari failed to submit any such evidence, claiming that he lost the original copies of his diplomas when his house was raided following his overthrow from power in 1985.

    However, Buhari ran in the 2015 presidential election as a candidate of the All Progressives Congress. His platform was built around his image as a staunch anti-corruption fighter and his incorruptible and honest reputation. However, Buhari stated in an interview that he would not probe past corrupt leaders and that he would give officials who stole in the past amnesty, insofar as they repent.

    In January 2015, the insurgent group “The Movement for the Emancipation of the Niger Delta” (MEND) endorsed Buhari in the presidential race, saying he is the best candidate to lead the country. Muhammadu Buhari’s campaign was briefly advised by former Obama campaign manager, David Axelrod, and his AKPD consultancy.

    In February 2015, former Nigerian President Olusegun Obasanjo quit the PDP and threw his support behind the Buhari/Osinbajo ticket. On 31 March, Goodluck Jonathan called Buhari to offer his concession and congratulations for his election as president. Buhari was sworn in on 29 May 2015 in a ceremony attended by at least 23 Heads of State and Government.

    Abolishing the office of the First Lady

    In December 2014, Muhammadu Buhari went on the record to say he would abolish, scrap or ban the office of the First Lady if he was elected as president, saying that it was unconstitutional.

    The Movement for the Emancipation of the Niger Delta (MEND), which endorsed Buhari for the 2015 general elections, commended Buhari for his plans, when elected as president, to scrap the so-called “Office of the First Lady”. MEND went on to say that the office of the first lady is obviously an irrelevant, fraudulent and unconstitutional office, whose only purpose is to further plunder the resources of the country.

    Since assuming the presidency on 29 May 2015, Buhari has yet to officially abolish, scrap or ban the office of the First Lady. Aisha Buhari operates from the office of the First Lady as “wife of the President”.

    Freedom of religion

    Previously, Buhari gave his support for the total implementation of Sharia in the country. He was quoted in 2001 as saying, “I will continue to show openly and inside me the total commitment to the Sharia movement that is sweeping all over Nigeria”, he then added: “God willing, we will not stop the agitation for the total implementation of the Sharia in the country.”

    On 4 January 2015, while campaigning for the 2015 general election, Buhari stated that he favoured freedom of religion, that every Nigerian should be free and secure to practice their different religions. Buhari said, “Religion must never be used as an excuse to divide us, oppress others or gain unfair advantage. All my life I have expressed the belief that all Nigerians must worship God according to their wish”.

    Buhari has denied all allegations that he has a radical Islamist agenda. On 6 January 2015, Buhari said: “Because they can’t attack our record, they accuse me falsely of ethnic jingoism; they accuse me falsely of religious fundamentalism. Because they cannot attack our record, they accuse us falsely of calling for election violence, when we have only insisted on peace. Even as Head of State, we never imposed Sha’riah.”

    Presidency (2015–present)

    In Buhari’s first year in office, Nigeria suffered a decline in commodity prices which triggered an economic recession. To source funds to close the shortfall in revenue and fund an expansionary capital budget, Buhari travelled to 20 countries seeking loans. Thereby, expansionary budget allocation to finance infrastructure is pushed back to 2017.

    In the first year of the administration, Naira, the currency of Nigeria depreciated in the black market leading to a gulf between the official exchange rate and the black-market rate. A resulting shortage in foreign exchange hit various businesses including petroleum marketers. In May, 2016, the government announced a rise in the official pump price of petroleum to curtail shortfall in the commodity as a result of foreign exchange shortages.

    Niger Delta

    In spite of roles played by the Ministry of Niger Delta Affairs and the Amnesty programme led by Usani Uguru Usani and Paul Boroh respectively, to ameliorate the conditions of the people’s lives and settle militant activities, there are still intermittent attacks on oil facilities by groups such as the Niger Delta Avengers. This has significantly affected oil production leading to cuts in exports and government revenue. The Avengers are waging conflict for greater economic and political autonomy.

    Plagiarism scandal

    In September 2016 President Buhari came under heavy criticism after a newspaper report found him using plagiarized speech during launching of a national re-orientation campaign tagged “Change begins with me”. The speech was later found to be lifted from the 2008 inaugural speech of former US President Barack Obama. The presidency later apologized and says the blunder was caused by “overzealous staff” and “Those responsible” will be sanctioned.

    However, week later a deputy director in the State House linked to the speech was redeployed and presidency assured Nigerian public that it has taken steps to avoid a repeat of such an embarrassing occurrence by providing digital tools in the State House that detect plagiarism, similar to those used by editors and academics around the world.

    Health issues

    In May 2016, Buhari cancelled a two-day visit to Lagos to inaugurate projects in the state but he was represented by the Vice-President Yemi Osinbajo after citing an “ear infection” suspected to be Ménière’s disease. On 6 June, Buhari travelled to the United Kingdom to seek medical attention. This happened days after the Presidential Spokesman, Femi Adesina, was quoted as saying Buhari was “as fit as fiddle” and “hale and hearty,” to much discontent and criticism from political analysts and followers.

    In February 2017, following what were described as “routine medical check-ups” in the UK, Buhari asked parliament to extend his medical leave to await test results. His office did not give any further details on his health condition nor the expected date of his return. On 8 February, President Buhari personally signed a letter addressed to the President of the Senate of Nigeria alerting him of a further extension to his annual leave, leaving his Vice President in charge.

    Following an absence of 51 days from office, President Buhari returned to Nigeria. He arrived at Kaduna Airport in the morning of March 10. Although information was limited during his stay in London, he was pictured on March 9 meeting the most senior cleric of the world Anglican congregation, Archbishop of Canterbury Justin Welby. Vice President Yemi Osibanjo remained in charge as acting president, while the President continued to recover in Abuja.

    Most recently he was absent from the Federal Executive Council (FEC) meeting, the worker’s day event held at the Eagle Square in Abuja on May Day 2017. Speculations about the President’s health circulated in the public sphere in the days following President Buhari’s wishes to “work from home”. Some prominent Nigerian figures urged the President to take a long-term medical leave, citing his failure to make any public appearances over a two-week period.

    President Buhari again left Nigeria for a reported health check-up in London on 7 May, 2017. President Buhari returned to Nigeria from his medical leave in the United Kingdom 104 days after leaving, on August 19, 2017.

    Security challenges

    In 2012, Buhari’s name was included on a list published by Boko Haram of individuals it would trust to mediate between the group and the federal government. However, Buhari strongly objected and declined to mediate between the government and Boko Haram. In 2013, Muhammadu Buhari made a series of statements, when he asked the federal government to stop the killing of Boko Haram members and blamed the rise of the terrorist group on the prevalence of Niger Delta militants in the South.

    Buhari stated that “what is responsible for the security situation in the country is caused by the activities of Niger Delta militants. The Niger Delta militants started it all”. He also questioned the special treatment including close to $500million a year paid to 30,000 militants under the amnesty programme since 2013 by the federal government and deplored the fact that Boko Haram members were killed and their houses destroyed.

    In May 2014, in the wake of the Chibok schoolgirls kidnapping, Buhari strongly denounced the Boko Haram insurgency. He “urged Nigerians to put aside religion, politics and all other divisions to crush the insurgency he said is fanned by mindless bigots masquerading as Muslims”. In July 2014, Buhari escaped a bomb attack on his life by Boko Haram in Kaduna, 82 people were killed.

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      Instance of investing $1000 worth of ETH and after the distribution of token’s, it may
      be doubled or tripled depending on the overall market cap of
      that coin by that time.

      Instance #2. If the venture’s offered a small share of all tokens, they can easily manipulate the change worth.

      But now there are functions of blockchain cropping up that have nothing to do with bitcoin. Nevertheless,
      be cautious of umbrella statements that utility tokens are not securities.” The fact is that utility tokens can indeed be thought of a safety underneath the definitions set
      forth in Section 2(a)(1) of the Securities Act of 1933 (1933 Act) and Section three(a)(1) of the Securities
      Alternate Act of 1934 (1934 Act).

      In a typical ICO, which might last anywhere from a few hours
      to some weeks, the corporate invitations folks to purchase tokens (aka
      digital cash) to fund a venture. Now scores of blockchain-based startups are using an ICO
      to create and distribute their own digital tokens. ICO skeptics have lengthy warned
      that, in lots of instances, the tokens on the market
      are merely a new type of shares—and that selling them with out a
      license violates federal securities legal guidelines.
      -Time: bulletins of an ICO must be made as soon as doable
      and on a large scale to catch consideration from traders in the market.

      ICOs give monetary assist to Startups who need assistance
      for his or her business. Few ICOs like Truckcoin additionally offer that you could mine the coins by your self for reasonable as you need to use your GPU or CPU without the necessity
      to purchase expensive mining hardware and electricity prices are additionally very low because the issue degree could be very low
      in the beginning. They’ll create a demand for tokens, which are required
      for organizing voting and elections on the platform.
      If you get antsy, you’ll be able to convert most major
      cryptocurrencies back into US dollars (or into other cryptocurrencies,
      like ether, bitcoin, or ripple ) however your price relies on the ever-fluctuating price of
      these digital assets.

      Investors have not too long ago flooded ICOs, as the prospects of the underlying merchandise that
      are proposed to be constructed on systems that
      run on Distributed Ledger Expertise (DLT) also called blockchain expertise is anticipated by
      many to be revolutionary, which has led to a sharp rise in latest ICO funding as seen within the graph below from CoinDesk.

      Some companies in this discipline will indeed change the world
      and several have already achieved so, by utilizing blockchain know-how.

      APH tokens are a brand new sort of digital asset trade device.

      Welcome to ICO FINANCIAL INSTITUTION Operations,
      and is a crowdfunding providers platform about cryptocurrency and Blockchain. Particular person users, in return, help drive change by way of their interplay with products and
      participation in ICOs and by using cryptocurrency which is being more and
      more built-in into the worldwide capital markets programs together with banking and on-line
      brokerage investing. The transfer is similar to what the Securities Exchange Fee (SEC) of the US did earlier this year as it has additionally invested in researching and
      strengthening ICOs’ securities and regulations.

      Nevertheless, let we just stop for a second and think it over if monetary inclusion doesn’t only mean transferring
      money however getting cash for a new enterprise.
      When the market capitalization of the token rises, the
      profits may be gained from the rise within the asset worth of
      the corporate. Ethereum launched in July 2014 through its own ICO, though that term wasn’t broadly used yet:
      it sold about 60 million ether tokens and brought in $18.5
      million price of bitcoin. In return for an funding (sometimes in Bitcoin or Ether attributable to it is liquid worth), traders obtain early possession of the
      cryptocurrency or tokens.

      For the purposes of group of taking polls and votes, the platform is
      going to challenge a hundred mln VOTES tokens inside
      the framework of ICO. Cash or tokens acquired by an ICO may
      be subject to high price volatility. Monetary Fee helps the clear
      need for best practices to be established for ICO issuers, and its ICC that is supported by overseas exchange and
      cryptocurrency market experts will help support this effort.
      Two large cryptocurrency players say many digital token sales are fraudulent.
      He engaged in issues of development and application of strategies of system evaluation of complicated utilized research objects, processing data, improving administration and choice-making,
      with a purpose to improve the effectiveness of the operation of the project Estate Coin.

      In Bancor’s ICO, for example, half of its BNT tokens were
      sold to individuals in the fundraiser, 20% was saved
      for potential partnerships and other good-conscience efforts, 20% went to Bancor to operate its
      enterprise, and 10% went to the Bancor founders and early employees
      with fairness. Furthermore, whereas main regulatory hubs may still be years away from developing viable rules to regulate blockchain networks and
      ICOs, even after Australia’s government not too long ago introduced it would, many issuers are moving
      to offshore jurisdictions to launch their ICO leaving even much less safety to buyers.

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    201. The ICO abbreviation, often utilized in a contemporary market, is a system for putting tokens.
      The worth normally displays the general cryptocurrency market sentiment,
      project-particular information, and the addition of recent
      options. And finally, inventory exchanges and companies listed by IPO are heavily regulated, whilst the exchanges on which ICOs
      are launched are fairly the alternative. The process of investing in ICO projects is quite easy,
      however investors shouldn’t neglect that their funds and rights should not insured in any method.
      Possibly the first cryptocurrency distributed by an ICO was Ripple.

      Individuals can pull out money whenever they want (assuming they have not agreed to some
      lockup interval within the terms of a token sale).
      The hope for traders is that when the launch is successful
      and the company reaches a degree of profitability, their
      tokens or coins turn into more beneficial. Solely in July 2017 an influential financial authority Securities
      Change Fee (SEC) has began the first investigation of ICO sales by DAO (Decentralized Autonomous Group),
      stating that capital elevating via blockchain applied sciences would not take away conduct from
      the purview of the U.S. federal securities laws.

      Ripple pre-mined 1 billion XRP tokens and offered it to prepared
      investors for bitcoin or fiat currencies in return. While a number of blockchain startups have had
      successful ICOs, none have stood the take a look at of time as a result of they’re so new.

      An IPO is a onetime sale with multiple intermediaries concerned within the technique of figuring out the conditions,
      pricing, etc., whilst ICOs can have a number of rounds of fund elevating, with few if any intermediaries, the white paper the blueprint.
      They’re rewarded with SNOV tokens immediately after the equipped data was bought, and receive internal credits
      for database filling.

      We reserve the fitting to migrate the ERC-20 primarily based MNTP (the “Initial Tokens”) to another protocol earlier than full deployment
      of Graphene blockchain and conversion of MNTP into MNT,
      and to generate substitute MNTP tokens on the brand new protocol (the “Substitute Tokens”) in the future, ought to we decide, in our sole
      discretion, that doing so is important or helpful
      to the operation of the GoldMint Platform and due
      conversion of MNTP tokens into MNT tokens.

      Those two sentences apparently make good sense to people who learn about ICOs, which stands for Preliminary Coin Choices.

      In conclusion, initial coin choices have gotten a more regularly used software for startups and they won’t be going away anytime quickly.

      The drive to discover alternate methods for a new firm to
      raise money has birthed many experiments, however none more distinguished than the 2017 rise of so-known as Preliminary Coin Offerings, or ICOs.
      Totally different ICOs have been the right choice for buyers.
      In accordance with Vogelsteller, who has gone as far as to
      call token sales the “least interesting” software of ethereum , there’s too much attention on “making a living” within the
      area right now.

      The main reason why cryptocurrency suppliers start ICOs is to get their new currencies or coins up and prepared on the market.
      These fundraising ICOs are performed on-line,
      and are often announced on a cryptocurrency discussion board.
      It is at the moment that buyers purchase tokens and the crowdfunding campaign for the challenge begins.

      One of many unique facets in regards to the DAO Preliminary Coin Offering was the risk-free funding option, during which a person might always recover the
      Ether sent on a 1-one hundred scale, by splitting these
      DAO tokens, no matter their market worth.

      “As alleged, Zaslavskiy and his associates enticed traders by promising returns utilizing novel ICOs despite the fact that Zaslavskiy knew that no actual property or diamonds have been actually backing the investments,” performing U.S.
      Legal professional Bridget Rohde mentioned last month.
      Someone has to construct the blockchain, issue the tokens, and preserve some software, though.

      Ethereum is a smart contract and decentralized functions platform that has gained
      loads of traction over time. Folks like to name it “digital gold.” Then got here one other blockchain called Ethereum, which is
      a more versatile twist that goals to create a whole decentralized network
      on prime of which people can construct their own decentralized apps and tokens.

      Accordingly, you need to change the digital money purchased via the
      web commerce to your Ethereum-based mostly wallet that assist the new token of the ICO.
      Platform users ought to be able to obtain a cryptocurrency or fiat
      mortgage from GoldMint PTE LTD, utilizing GOLD as collateral.
      Throughout this time, investors might help the company and
      get Mastercoin tokens as a reward. Earlier than traders purchase
      into an ICO, it will be important for them to understand what tokens
      will probably be value once they are in circulation and which of the 4 pricing mechanisms above
      might be used.

      Customers intend to make use of tokens for their supposed functions, specifically to
      purchase items or use completely different providers at a price under the market.
      Nevertheless, this period also noticed a number of profitable ICOs like Ethereum.
      The ICOs are sometimes points in an unregulated surroundings, which means that
      Securities Alternate Commission (SEC) or different regulatory our bodies
      would not have the oversight over the ICO process. Because the
      cryptocurrency market is an trade by which many billions of dollars
      are being played around, the prospect of your ICO being successfully funded is kind of excessive, so long as you’ve gotten an excellent plan,
      a great group and a sexy mission.

      You acknowledge and agree that there are dangers related to purchasing, proudly owning, and using MNTP tokens and acquisition of MNT tokent and their use for
      the Participation within the GoldMint Platform,
      as disclosed and defined in Exhibit C hereto.
      ICOO would be the token that helps the market flip its desires into reality.
      Ethereum raised slightly over $18 million in early
      2014 – the most important ICO ever completed at the moment.
      What is ICO (Initial Coin Choices)? Starbase Founder, obsessed with bringing blockchain token monetary know-how for everybody straightforward
      to challenge new revolutionary projects.

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