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The Coward Generation of The Federal Republic of Nigeria (CGFRN)

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youth - Investors King

Since 1999 when we returned to democratic rule, the so-called youths have not only been relegated to the backseat in the scheme of things, but are also happy being on the backseat. The Youths (as at then) that agitated for the ouster of the military in 1999, along with those that have been in the corridors of power since the days of President Shagari in 1979 are still here calling the shots, while the youths of today that are supposed to be running the show for the good of Nigeria are cheering them in the comfort of twitter, facebook, nairaland, palmchat, 2go etc. For instance, the “young” Audu Ogbeh that was elected member and Deputy Speaker of Benue State House of Assembly in 1979, appointed minister of communication under Shehu Shagari in 1983, elected chairman of PDP in 2001 is still active today as the substantive minister of Agriculture. This is a man that first tasted political power 37 years ago when some of us weren’t even born. Are there no young and vibrant APC youth that is capable of administering the sector? Our country has been on comatose since the generation of the present political leaders took over in 1966/7 till this day, yet, the youths of our generation are less concerned.

What has the generation of present day political leaders achieved since they took over the mantle of leadership from their fathers? I dare say that Nigeria has been retrogressing under their leadership. They couldn’t fix power, roads, schools and hospitals. The structural defect of our country that they contributed to bringing to fore in 1966 is yet to be addressed. They have wasted billions of tax payers money and our oil wealth organising talk shops that they tagged conferences and confabs without result. They couldn’t even fix the security sector, nor provide jobs to the teaming unemployed and a conducive environment for business to thrive. Under them, nepotism not only became celebrated but has been officially adopted. This present generation of expired leaders are not only corrupt but have instituted corruption in the system. Tribalism is their forte. When you look at the prominent political parties including PDP and APC, the same tired politicians are holding sway and swapping offices. Their loyalty is neither to their party nor the country but only themselves. They couldn’t even enthrone a culture of free and credible election that meets minimum standard. This present day generation of leaders have nothing to offer, they have showed it repeatedly, tested and failed woefully.

Before I go on, I wish to remind our youths of today of the feat achieved by their once upon a time predecessor. In their youthful days, Chief Obafemi Awolowo, Ernest Okoli, Kofo Abayomi, Hezekiah Oladipo Davies, James Churchill Vaughan, Oba Samuel Akisanya, Nnamdi Azikiwe, etc. formed the Nigeria Youth Movement in 1933, this brave young Nigerians not only stood up to the British against the ill treatment of Nigeria citizens, they also participated actively in politics, won elections and were the movers of our independence in 1960. As youngmen, they assumed leadership positions in their regions and at the federal level. They may not be perfect as leaders, but history will always be fair on them as contributors to an independent Nigerian State. Till date we still celebrate them.

When former president Goodluck Jonathan in January 8, 2015 said and I quote,

I believe that the young Nigerians are the future, we are finished. We believe that the youths will be the ones that will take us to the moon, my generation has failed because we could not take Nigeria to the moon. I don’t want to address old people like me because we (his generation) are spent already.

I shook my head in shame though I agreed with him that his generation FAILED Nigeria including him, I still questioned the rationality for saying that young Nigerians are the future except he wasn’t referring to today’s youths. How could Jonathan call this generation the future of Nigeria when the generation of youths today are future-less? Which future does a generation of N.F.A(No future Ambition) has? This is a generation that are hustling to be appointed Special Assistant on Twitter, Facebook, Nairaland etc under the guise of Special Assistant on Media while their mates in other climes are leading political parties and government institutions, calling the shots and developing their societies.

This is a generation that sit down to expect their fathers in NLC and TUC to help them lead protest on the street while they tweet the outcome and update their facebook, palmchat, and other social media status. This is a failed generation that wouldn’t have done anything in 2010 had it been their fathers Soyinka, Bakare and co didn’t protest calling for the elevation of then VP Jonathan. This is a generation that sat down with their #OccupyNigeria hashtag while their fathers were in Ojota calling for the reversal of the ill advised subsidy removal of 2012. This is a generation that couldn’t even protest the CBN fraudulent recruitment of children of the ruling caucus and demanding for its reversal and removal of CBN Governor but sat in the comfort of their parlours to tweet.and disturbing the peace of social network. This is a generation that have resigned to playing fighter dog for politicians in the two major parties but are never invited when the spoils are shared. What kind of generation would see nothing wrong in the high rate of unemployment(which didn’t start under Buhari administration) but only whine in their rooms, resorting to try your luck with football betting companies? Ordinary Youth Wing these political parties refused to allow, neither are they giving up slots for young people in party, elective and appointive offices.

Is it not our peers in Burkina Faso that successfully brought down TWO military dictators within one year with some losing their lives in 2015? Is it not our peers in Egypt and Tunisia that brought down their dictator leaders? Is it not our peers that are on the streets of Brazil calling for the ouster of President Lima and prosecution of former president Sylva? Is it not our mates that are leading parties in South Africa? Why are we so comfortable taking back seats? Why are we comfortable with the fact that the old men are recycling themselves and slotting their kids?

Some of us waste their MBs defending Jonathan and others but who remembered you when Jonathan’s son-inlaw was appointed SA to Governor Ben Ayade of Cross river state? Lai Muhammed is a minister and his son is a member of Lagos state house of Assembly, in the same house of assembly, Bola Tinubu has his nephew as member. TA Orji, a Senator has his son as Abia state house of assembly member, Atiku Abubakar’s daughter is a commissioner in Adamawa state, James Ibori’s daughter is a member of Delta state house of assembly, Admiral Nyako son is an incumbent Senator, the present Governor of Niger state is the son-inlaw to Abdulsallam Abubakar, Ibim Semenitari, the MD NDDC is the Daughter of Gabriel Toby, the former Deputy Governor of Rivers state under the disgraceful administration of Peter Odili. The men we devout our time and energy to defend are putting their kids to RULE us just as they ruled our fathers. The worse is Kwara state, where Saraki family has been holding sway since 1979. They allocated CBN positions among themselves but threw up police recruitment to us so that we will guard and serve their children in political offices and CBN, just as our fathers served them.

I am pained that i belong to a generation that pride in cowardice, suffering and smiling, and folly. It is a shame that this generation that I belong to is on the verge of entering into the disgraceful part of history as one that not only failed themselves but also failed the generation after them. This generation has successfully displaced the generation of the present day political office holders (who naturally are supposed to take back seat) as the most myopic and less visionary. This generation has successfully earned itself as a disgrace among its peers in Africa and the world at large. This generation I refer to the Coward Generation of the Federal Republic of Nigeria (CGFRN). If you are between 25 and 40 years of age, this piece is an indictment on you. Those below the said age should learn from those within the age and not displace them in their place of disgrace when they become of age.

Despite the venom poured on this generation (which is deserving), I still believe that hope is not lost for us to redeem ourselves and earn our place among noble generations. I believe that we can look into our challenges and setbacks and address them in order to move from where we are to where we hope to be. This I shall address in subsequent piece…

May God Bless Us All and Bless Nigeria.

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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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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NIMC enrolment

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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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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