POLITICAL OFFICE AND THE (UN) MAKING OF NEW RICHES (NOUVEAU RICHE) IN THE LOCAL GOVERNMENT AREAS OF OYO STATE

Garuba, Rasheed Obasekore and Rasak, Bamidele (2016) POLITICAL OFFICE AND THE (UN) MAKING OF NEW RICHES (NOUVEAU RICHE) IN THE LOCAL GOVERNMENT AREAS OF OYO STATE. Gashua Journal of Science and Humanities, 1 (2). pp. 10-20. ISSN 2489-0049

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Abstract

Abstract The major challenges confronting political office holders in contemporary democratic regime in Nigeria at local government level is sustainability of status attained at post public office era because, the thought of the people is that while holding public office there must be drastic change in socio-economic status of the occupants because of huge financial rewards attached to the office. But after leaving office, the sustenance of that status becomes a major challenge to these leaders at grassroots level because of the belief that there is a curse that forbidding public office holders at council level to hold on their wealth after leaving office. It is within this context that this study investigates the relationship between political office and making of nouveau riche at local government level in Oyo State and the factors that impede sustainability of the wealth acquired after leaving office. Exploratory Survey design was employed, while data were generated through questionnaire. The sample size of 177 respondents was drawn among the ex-political functionaries and senior civil servants at local government level in Oyo State between 2007-2010. But only 130 questionnaires were retrieved, given a 73.5% response rate. The finding indicates a positive relationship between political office and making of nouveau riche at council level but there is a challenge in sustaining the wealth acquired after leaving office by these grassroots leaders. Based on the aforementioned, it is recommended that frantic efforts should be made in enlightening political office holders and the general public about the responsibility(s) of public office holders and their financial limitations to their constituency(s) so that the wealth acquired while in office can be well managed and sustained after leaving public office. Keywords: Political Office, Nouveau Riche, Local Government, Oyo State

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