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Italy Earthquake Leaves 21 Dead, Amatrice Town in Ruins

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Italy Earthquake

(CNN) – A strong, shallow earthquake hit central Italy early Wednesday, leaving terrified residents huddled outside collapsed buildings overnight and an unknown number of people trapped beneath the rubble.

At least 21 people have died as a result of the 6.2-magnitude earthquake, according to CNN affiliate Rai, all in three badly-affected villages in a mountainous area of central Italy. Ten people were killed in the village of Pescara del Tronto, six in Accumoli and five in Amatrice, Rai reported.

The earthquake hit 10 kilometers (6.2 miles) southeast of Norcia at 3:36 a.m., the United States Geological Survey said. Its tremors rattled Rome — about 100 miles away.

‘Town is no more’

In Amatrice, in the north of Italy’s Lazio region, the town has been left in ruins.

“The town is no more,” Mayor Sergio Pirozzi told the affiliate. “I have an appeal to make: we have access roads to the town cut off and people under the rubble, help us.”

He said there was no power, and it was crucial for rescue crews to get to the town.

Rescue workers called Amatrice residents’ cellphones, and tried to get to those who answered, the affiliate reported. If there was no answer, rescuers moved on to the next person.

The mayor of nearby Accumoli, Stefano Petrucci, told Rai that newer buildings were the most damaged, while some of the more historic buildings suffered less damage.

“We’re digging, digging… hoping to find someone alive,” he said.

While the number of people trapped under the rubble is unknown, rescuers are focusing on finding survivors, said Fabrizio Curcio, head of Italy’s civil protection.

Tommaso della Longa, a spokesman for the Red Cross, said the images coming out of Amatrice are grim.

“The picture we got from our delegate in Amatrice are telling us a terrible story of a small city almost completely destroyed,” he said. “The situation is difficult at the moment.”

The priority is to find survivors, he said.

“These areas are in central Italy and are in middle of mountains and valleys,” he said. “There are small houses in the middle of the valley that are completely alone and they need help. It’ll take some time to reach them.”

Amatrice is known for its traditional all’amatriciana pasta sauce, and was gearing up to hold a festival celebrating the recipe this weekend.
‘Lasted for at least 30 seconds’.

Charlotte Smith, coach of Elon University women’s basketball team in North Carolina, was in Rome with her players when the quake hit.

“It lasted for at least 30 seconds. The entire hotel was shaking,” she said. “I went down to the lobby and there were a lot of people waiting there. … Then an earthquake happened 30 minutes later.”

She said their flight is still on schedule to leave for the United States later Wednesday.

Michael Gilroy was on the second floor of a three-story building in Montepulciano when the earthquake hit. It sent them fleeing into the night

“It felt like the bed was on rollers,” he said.

“It was initially very confusing. I’m from California and had a sense of what it may be. And we ran out to the main area and the chandelier was swaying back and forth. At that point, we knew we had to get out of the building as fast as we can.”

Gilroy, his girlfriend and other hotel guests waited outside in a clear area.

“We’re going to wait for daylight and see what happens from there,” he said.

Aftershocks

About an hour after the earthquake, a 5.5-magnitude aftershock hit near Norcia, one of several that followed.

“At that shallowness and magnitude of 6.2, we’re going to expect lots of aftershocks for next several hours and maybe the next several days,” said Jessica Turner of the USGS.

Landslides are likely because the earthquake struck in a mountainous area, she said.

Although the extent of damage and injuries was not immediately clear, the earthquake could be devastating.

“Overall, the population in this region resides in structures that are a mix of vulnerable and earthquake resistant construction,” the USGS said.

It described the buildings as un-reinforced brick with mud and concrete frame with infill construction.

The Italian Civil Protection has mobilized three helicopters, six vehicles and a mobile convoy to the affected areas. It plans to set up mobile medical or triage units.

It said the biggest damage appears to be in Amatrice and Accumoli in Lazio region, and the Umbria and Marche regions.

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

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President Buhari Accuses Governors of Stealing LG Funds

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Muhammadu Buhari

Nigerian President, Muhammadu Buhari has once again accused state governors of stealing monthly allocation due to local government under them.

The president spoke at a parley with members of the Senior Executive Course of the National Institute for Policy and Strategic Studies, Kuru, held at the State House Banquet Hall, Abuja.

Speaking at the event, the president stated that it beats anyone’s imagination how some governors collected money on behalf of council areas in their states, only to remit just half of such allocation to the council chairmen, who would further deplete the remittance by filching it. Investors King learnt. 

 ‘‘I found it necessary to digress after reading my speech and this digression is a result of my personal experience. What they did, this is my personal experience, if the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman, but he will sign that he received N100m. The governor will pocket the balance and share it with whoever he wants to share it with,” the president narrated. 

‘‘This is what’s happening. This is Nigeria. It’s a terrible thing; you cannot say the person who was doing this is not educated. He was a qualified lawyer, he was experienced, yet he participated in this type of corruption.” he queried. 

Furthermore, the president clarified that state governors and local government chairmen should be held responsible for the underdevelopment in the rural areas noting that most of the local governments lack basic amenities. 

Similarly, the National Union of Local Government Employees on Thursday backed the position of the president on the embezzlement and mismanagement of local government funds.

Responding to Buhari’s position, the  President of the Nigeria Union of Local Government Employees (NULGE), Hakeem Ambali, said Buhari was merely stating the obvious.

The NULGE President nevertheless admonished the president to go beyond the statement and ensure governors, especially those in APC to sign the local government autonomy bill into law.  

“He should go beyond that statement. He is the leader of the party, he should ask them to sign the autonomy into law; he is the leader of the governors,’’ he said.

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Ramaphosa Braces for Calls to Resign Over $580,000 Theft at Farm

The panel found the president may have violated sections of the constitution following a theft of $580,000 that was stashed in a sofa at a game farm he owns.

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Cyril Ramaphosa

South African President Cyril Ramaphosa’s allies are steeling themselves before a meeting of the governing party’s top leaders at which he’s likely to face calls for his resignation.

The African National Congress’s National Executive Committee will on Thursday discuss the findings by an advisory panel that there may be a case for Ramaphosa’s impeachment. The panel found the president may have violated sections of the constitution following a theft of $580,000 that was stashed in a sofa at a game farm he owns.

The release of the panel’s report on Wednesday night triggered a slump in the rand. The NEC meeting is scheduled to start at 7 p.m.

Party officials met with the ANC’s chief whip and the speaker of parliament to discuss the report on Wednesday, according to people familiar with the matter. A group of NEC members sympathetic to Ramaphosa held a meeting of their own, said the people who asked not to be identified discussing private party matters.

Pule Mabe, the ANC’s spokesman, didn’t immediately respond to a request for comment sent by text message.

Resignation Option

The meeting of Ramaphosa’s supporters was called by Minister in the Presidency Mondli Gungubele. Two NEC members who are close to Ramaphosa expressed concern that the president may opt to resign — a replay of what happened in June when the scandal over the game-farm theft first erupted and he took advice on whether or not he should quit.

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Ibom MRO to Bring in Forex to Nigeria 

Akwa Ibom State to open a cutting-edge smart terminal building at the Victor Attah International Airport

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U.S dollar - Investors King

The governor of Akwa Ibom State, Governor Udom Emmanuel, has announced that the state is close to opening a cutting-edge smart terminal building at the Victor Attah International Airport and that this will generate foreign exchange for Nigeria. 

Investors King has also learnt that an MRO facility for aircraft would be operational from January.

This comes on the heels of praise from his Edo State counterpart, Gov. Godwin Obaseki, who attended the Tuesday reception in Uyo for two additional A320-200 Airbus aircraft that the state’s Ibom Air fleet had leased from a European company.

Speaking at the event, the governor of Akwa Ibom said that while there were already efforts underway to persuade the government to lease the MRO, the MRO is an investment because it was built with naira, despite its current depreciation, and will therefore generate income.

The Akwa Ibom governor said “Our terminal building is world-class in Africa, our MRO is world-class. If you find one today in the entire Gulf of Guinea, tell me I’ll disassemble this one and build another.

“Look at our MRO; what you see here can accommodate two 747 aircraft as well as eight CRJ aircraft, which we are flying for servicing at the same time.”

“This is the only MRO in this part of the world today, and these facilities are not built with local currency, but we are building this MRO with naira that has no value.”

“I invest in areas where we can see a return on our money. Right now without blinking an eye, I can make over $ 30 million with this MRO if we decide to sell but we are not selling, we will make a foreign exchange from this investment.

“Airbus is on us to come and lease our MRO for all their regional flights, but we are not selling.

“We are going to open up this place ( MRO facility) from January next year for commercial activities and we are going to earn in dollars.”

He thanked Ibom Air’s Board of Directors, Management, and Staff for making him proud, emphasising that “they have done very well.”

Gov. Obaseki, who spoke at the event, stated that Akwa Ibom has become the country’s flagship state for its efforts to invest in and make significant strides in the aviation sector.

Obaseki described Akwa Ibom as the country’s flagship state for its efforts to invest in and expand the aviation sector. “Ibom Air is always completely booked.” Let me thank you on behalf of Nigerians,’’ Obaseki said.

In his remarks, the Managing Director of Ibom Airlines., Mr Mfon Udom announced plans to begin regional flights in 2023.

Udom said the new addition to the fleet of Ibom Air would expand its carrying capacity and boost employment opportunities in the state by 40 per cent.

“With this new capacity coming on board, we are delighted to inform our passengers that we have increased our offerings, providing more frequencies for their convenience.

“The Uyo-Lagos and Uyo-Abuja routes now have three frequencies each every weekday, while our Lagos-Abuja passengers will have seven frequencies to choose from both ways, every weekday,’’ he said.

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