The Nigerian Scam

The Nigerian Scam

Can the talakawa sorosoke? The Nigerian Scam examines politics, history, and culture from class and ideological perspectives.
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Episode's summary

Around the middle of September, Africa's richest (abi wealthiest) man Alhaji Aliko Dangote announced the public offer. We discuss in this episode, the general range of reactions, his possible motivations and the lasting consequence. We quip over the motivations for buying a piece of Aliko and the exerted marketing (some might say hawking) of his shares by Nigerian banks and quasi-financial institutions. We extend our conversation to the rationale for even listing on the Nigerian Exchange Group (Nigerian Stock Exchange) in an inflation battered economy. We also review the frailties of Nigerian financial institutions with regards to what percentage of company profits actually goes to 'labour'. Finally, we link this conversation to a broader discussion about the price of fuel, subsidy removal and the upcoming elections. Is the excitement over owning a piece of Aliko manufactured? Is this simply a money printing exercise for Dangote? Where is the place of the Nigerian left in all the frenzy? Listen and find out…

Episodes

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70. Owning a Piece of 'The Nigerian People's' Refinery.

Around the middle of September, Africa's richest (abi wealthiest) man Alhaji Aliko Dangote announced the public offer. We discuss in this episode, the general range of reactions, his possible motivations and the lasting consequence. We quip over the motivations for buying a piece of Aliko and the exerted marketing (some might say hawking) of his shares by Nigerian banks and quasi-financial institutions. We extend our conversation to the rationale for even listing on the Nigerian Exchange Group (Nigerian Stock Exchange) in an inflation battered economy. We also review the frailties of Nigerian financial institutions with regards to what percentage of company profits actually goes to 'labour'. Finally, we link this conversation to a broader discussion about the price of fuel, subsidy removal and the upcoming elections. Is the excitement over owning a piece of Aliko manufactured? Is this simply a money printing exercise for Dangote? Where is the place of the Nigerian left in all the frenzy? Listen and find out…

15 Oct 2026
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69. School Na Scam? Education, Entertainment and Class in Nigeria

In this episode, we sit down with Tosin Adetola, a Nigerian Marxist psychoanalyst to discuss his essay on the "Olodo Uprising". Starting with a brief summary of the origins of the term and the events and personalities involved in its invocation, we delve into the talking points and threads of the argument explored in the essay. We then proceed to discuss the decay of the educational institution as a symptom of the failure of Nigerian state and capitalism in Nigeria. After examining the utility of the entertainment industry online as a tool for interclass mobility, we also explore the (un)ironic allegiance of certain actors to capitalism as well as their aspirations for higer spots on the totem pole. We conclude by explaining the capture of the online space by these personlities and the deployment of the streaming space as a mirror of Nigerian society to a larger global audience. Is this a case of the intelligentsia feeling left out? Is the failure of the educational institution feeding into pop culture? How…

02 Oct 2026
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68. Growth Without Development: The Real Achievements of Nigerian Neo-liberalism

In this episode we are joined by Omole Ibukun who is a socialist activist based in Abuja, Nigeria. In the spirit of charity we go on to discuss possible achievements that Nigerian neoliberalism may lay claim to. We place ourselves in the seats of neoliberalism's praise singers, trying on their goggles and poking at the fruits of their harvest. From relatively mundane gifts like a new economic vocabulary and the transnationalism of Nigerian banks to more stimulating gifts like the rise of motivational speakers and the globalization of Afrobeats, we navigate our individual lists of the goodies that neoliberalism has brought. We also go on various tangents to discuss: the rise of religion as pain relief, historical and military regime-influenced variants of neoliberalism, the effect of neoliberalism on Nigerian party politics and the cultural influence of neoliberalism. Despite an understanding that even neoliberalism's so called gifts are immiserating, we attempt to answer questions like "Why are there still…

07 Sep 2026
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67. Mark of the Hawk: Hollywood, Propaganda, and the Battle for African Independence

Did you know that Sydney Poitier once starred as a Nigerian anti-colonial leftist? Can an obviously anti-communist film also be entertaining, commendable, and even (somewhat) accurate? In this episode we present our reactions to the 1957 film: The Mark of the Hawk, arguably the best reactionary film every made about Nigeria. Starring Sidney Poitier and Eartha Kitt and shot in Enugu, this film explores the theme of violence and colonialism from different groups within the anti-colonial movement and the colonial government in the waning days of British rule in Nigeria. While giving us a window into what Hollywood thought of decolonization in Africa, the film also shows us different approaches that different parts of the Nigerian society took towards decolonization, revolution, and nation building. We attempted to evaluate the picture both as a piece of art and as political propaganda. Using different characters to represent sections and sentiments of religious and business interests, the film acts as a message…

08 Aug 2026
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66. Feeding Bottle Billionaire Club (FBBC): Origins of Nigerian Oligarchs Episode One

Nigeria is the world’s poverty capital. But while acknowledging this poverty, rarely do we in the same breadth discuss the other toxic byproduct of Nigerian capitalism: billionaires. The 2025 Oxfam report indicates a surge in billionaire wealth in Nigeria. In this episode, we examine a few of the figures with the largest chunks of the pie. The first part of the episode explores the origins of our most notable oligarchs. Naturally, some of the names that arise include Aliko Dangote, Mike Adenuga, Femi Otedola and Abdulsamad Rabiu — but also the lesser remembered but extremely influential man who set the tone for all of the above (listen to find out whom). Can the scales be rebalanced? Are the people resisting them sufficiently? The second part of the episode zooms in on another previously unknown but increasingly prominent billionaire businessman: Gilbert Chagoury. We run through the infamous relationship between Chagoury and Abacha and Chagoury’s centrality from the late 90s to the foundations of Nigeria…

17 Jul 2026