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Former British Prime Minister Cameron Quits Politics

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Britain’s former prime minister David Cameron resigned his seat in the House of Commons on Monday, less than three months after losing an EU referendum in which he had campaigned to stay in the bloc.

Cameron stepped down as prime minister in June, hours after Britain’s dramatic vote to leave the European Union (EU), handing power to his successor Theresa May in July.

“The circumstances of my resignation as prime minister and the realities of modern politics make it very difficult to continue (in parliament)… without the risk of becoming a diversion,” Cameron said in a statement.

“I fully support Theresa May and have every confidence that Britain will thrive under her strong leadership,” the 49-year-old added.

The former premier was pilloried after the shock referendum defeat.

Critics accused him of recklessness in holding the vote in the first place and mismanaging the Remain campaign in the face of anti-EU populism.

His decision to stage the referendum was seen in Westminster as a bid to placate eurosceptic opponents in the centre-right Conservative Party.

His resignation from parliament is unusually quick — former prime ministers have typically retained their seats for a number of years after leaving office.

Cameron denied it was linked to May’s decision last week to let state-funded schools reintroduce selection by academic ability, a controversial move he opposed during his six years in office.

“This decision has got nothing to do with any one individual issue and that way the timing I promise is coincidental,” he told broadcaster ITV in an interview.

“Obviously I have my own views about certain issues. People know that. That’s really the point. As a former PM it’s very difficult to sit as a backbencher and not be an enormous diversion and distraction from what the government is doing,” he said.

May wished Cameron well for the future in a brief statement on Facebook.

“I was proud to serve in David Cameron’s government — and under his leadership we achieved great things,” the former interior minister wrote.

– ‘A life outside Westminster’ –
The suave Eton-educated Cameron has been MP for Witney in the rural county of Oxfordshire, northwest of London, since 2001.

At the time of his resignation as premier, he insisted he was “keen to continue” as a constituency MP and intended to seek re-election at the next general election, due in 2020.

He is not known to have taken on any other roles since stepping down. His media appearances since have been in pictures of him holidaying with his family.

“Obviously I’m going to have to start to build a life outside Westminster,” he told ITV.

“I’m only 49 and I hope I can still contribute in terms of public service and contribute to our country,” he said.

Cameron’s decision was welcomed by allies.

His former finance minister and right hand man George Osborne, who was excluded from the cabinet by May, called it a “sad day” on Twitter.

“I know how difficult this decision has been for him,” Osborne said.

Former foreign secretary William Hague added it was the “right decision”, writing: “Former Prime Ministers are either accused of doing too little or being a distraction.”

Boris Johnson — the current foreign secretary who played an instrumental role in the Leave campaign — praised Cameron on Twitter: “Sad to see @David_Cameron standing down:modernising Tory party – delivered sustained economic recovery – incredible record of public service.”

Angela Eagle, a senior lawmaker in the main opposition Labour party, told the BBC that Cameron had “put his whole country at risk to settle a debate in his own party” through the EU referendum.

“He has now walked away leaving others to clear up the mess,” she added.

The pro-Brexit Daily Mail newspaper reported the resignation as “The Crushing of David Cameron” on its front page, saying his legacy was in ruins.

Despite Cameron’s denial he quit in response to May’s school reform, The Times said the former prime minister wants the freedom to speak out on the matter.

The Daily Telegraph, popular among Conservative voters, said Cameron quit “to avoid split with May”.

Cameron’s decision to resign triggers an obscure parliamentary procedure, because lawmakers are technically not able to resign.

He was named as Crown Steward and Bailiff of the Manor of Northstead and a by-election to pick his successor will be held.

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.

Government

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

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Netanyahu

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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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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