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Trump’s business career has long been characterized as embodying “con-artist” tactics: aggressive promotion, leveraging his personal brand for high-margin or low-substance ventures, heavy debt leverage, selective truth-stretching in marketing, and frequent legal disputes.
This is not an isolated comedy of errors. It is a textbook illustration of the black holes deliberately engineered into Nigeria’s public finance architecture opaque pockets that swallow money, evade legislative eyes, and render executives unaccountable. The Bodija tranche is merely one shiny pebble in a vast, dark galaxy of special interventions, contingency advances, service-wide votes, ecological funds, security “emergency” deductions, and other discretionary vehicles that allow the executive to move (or park) billions with minimal sunlight.
There is a particular kind of political confidence that is indistinguishable, to the untrained eye, from clinical detachment from reality. It is the confidence of a man who, having just won a hand at poker, concludes that the laws of probability no longer apply to him. It announces itself loudly, dresses in a flag, and mistakes the echo of its own voice for the applause of nations. Ladies and gentlemen, Reform UK Ltd has had a good week at the local elections, and the results are as instructive as they are alarming, not merely because Nigel Farage’s vehicle of nationalist ambition has won council seats, but because winning appears to have emboldened the party to say the quiet parts of its manifesto even louder, with the serene self-assurance of people who have never had to read a treaty.
AMCON has repeatedly noted that a small number of high-profile obligors (often 300–400 individuals/entities) account for 70–80% of its outstanding portfolio (peaking around ₦4.5–5 trillion in various reports). Many of these involve politicians or their allied companies, where debts originated from pre-AMCON bank loans (e.g., Union Bank, Skye Bank facilities) that turned non-performing due to factors like margin lending, poor governance, or economic shocks.
Get the Loan. (This is the easy part). Preferably a large, multi-billion naira sum from a struggling bank. Use your political clout as collateral – it’s worth more than anything tangible!
Centre for Nigeria Progress 