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Obama Voices Concern to Najib About Governance in Malaysia

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U.S. President Barack Obama’s meeting Friday with Malaysian Prime Minister Najib Razak stands out on a long list of his one-on-one talks with world leaders this week because the premier is under fire over a multi-million dollar funding scandal.

Obama could hardly skip a meeting with Najib, who is hosting Obama at the Association of Southeast Asian Nations summit, but it might not be a photo op the White House touts. While the two played golf in Hawaii last year, Najib now faces pressure to explain how 2.6 billion ringgit ($607 million) ended up in his personal bank accounts in 2013, and has cracked down on dissenters while using sedition laws to detain media executives.

Even as the two held a 45-minute meeting and posed for the cameras, Obama showed concern from the start of his three-day trip about what’s been going on in Malaysia. At his first appointment — a town hall event at a university — a relaxed, shirt-sleeved Obama told young leaders from the 10 Asean countries that he’d raise the issue of government transparency and press freedom with Najib.

“I was going to do it anyway, but now that I hear it from you, I’m definitely going to do it,” he told the audience. During the town hall he addressed issues ranging from climate change to inequality, U.S. political gridlock and the recent elections in Myanmar.

Peace, Stability

In his remarks after meeting Obama, Najib said Malaysia is “taking into account some of” the president’s views. “Malaysia is committed to reforms,” Najib said. “And we are committed to ensuring at the same time there is peace and stability.” The two also discussed Islamic State and terrorism, tensions in the disputed South China Sea and human trafficking.

Obama said the leaders talked about the importance of civil society — in Malaysia and the region more broadly. They discussed “how we can promote those values that will encourage continued development and opportunity and prosperity,” Obama said. “I very much appreciate this conversation.”

Najib has rarely answered questions from the media since the funding scandal broke in July, when the Wall Street Journal reported that about $700 million may have moved through government agencies and state-linked companies to his private accounts. Najib has denied taking money for personal gain.

Opposition lawmakers and some in Najib’s own party have asked questions over the funds, which reached his accounts before the 2013 general election. Najib has acknowledged the money but said it was political donations from the Middle East, an initial conclusion also reached by the anti-corruption commission.

Political Tensions

The accounts have since been closed. The receipt of political funds was to meet the needs of the party and the community and wasn’t a new practice, the official Bernama news agency has said, citing Najib.

The scandal has fueled political tensions with Najib firing his deputy in July, while thousands of anti-government protesters rallied in the capital in August. The imbroglio has unnerved foreign investors in Southeast Asia’s third-largest economy, contributing to a sell-off last quarter in Malaysian markets.

Malaysia is one of the 12 nations in the Trans-Pacific Partnership trade pact, which has been a key element of Obama’s security and economic rebalance to Asia. The U.S. has also been working with Malaysia on countering terrorism, the importance of which was highlighted by last week’s attacks in Paris and Friday’s hostage-taking in Mali.

Countering Extremism

“Malaysia like Indonesia are majority Muslim countries that represent tolerance and peace,” Obama said. “Malaysia’s willingness to host a center that uses all the tools of social media with scholars and clerics to counter” extremism is important, he said.

“Malaysia is part of the coalition to fight ISIL and has been particularly helpful on issues like countering the destructive and perverse narrative that’s developed.”

The Southeast Asian nation has arrested dozens of suspects who authorities said were plotting attacks in the country or linked to Islamic State. Some have been arrested upon their return from Syria.

Earlier this week Najib said he was “shocked and sickened” by the murder of Malaysian engineer Bernard Then, who was beheaded by the Abu Sayyaf Islamic militant group in the southern Philippines. Then was the first Malaysian hostage to be beheaded by the group.

Bloomberg

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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