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Resign Now, PDP Tells Buhari

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The Peoples Democratic Party has called on President Muhammadu Buhari to leave office immediately.

But before quitting, the former ruling party asked the President to return the country to how he met it when he assumed office on May 29, 2015.

The spokesperson and a member of the party’s National Caretaker Committee, Prince Dayo Adeyeye, said this in a statement he signed in Abuja on Wednesday.

The former minister of state for works said his party was not happy with the state of affairs in the country.

He specifically mentioned the statement credited to the Minister of Finance, Mrs. Kemi Adeosun, that, “recession is a word.”

Adeyeye said, “Is this statement as a result of ignorance, lack of patriotism or in-line with President Buhari’s comment that his ministers are noise makers?

“For the record, recession is characterised as a period of negative economic growth for two consecutive quarters, given rise to high rate of unemployment, fall in output, increase in government borrowing, etc.

“Following this understanding, Nigeria’s economy is already near depression. The crass ineptitude and lukewarm-attitude of this All Progressives Congress government is no longer tolerable, and therefore, we are calling on President Buhari and his team to return Nigeria to its state of booming economy before they assumed office in May, 2015, and then quit immediately to allow other capable leaders revive our ailing economy.”

Adeyeye said about three airlines, local and international, and some banks had allegedly suspended operations and sent their members of staff on an indefinite leave due to the poor state of Nigeria’s economy.

He said Nigerians were aware that the PDP government invested heavily in most of the nation’s airports, an action he said resulted to alleged ‘facelift’ and improved operations through remodelling, construction of new airports, refurbishing and equipping of the local and international airports to meet the best practices in the aviation industry.

He said the APC’s administration had frittered away all the good policies and programmes which he claimed the PDP put in place, thereby bringing down the aviation sector in the country amongst other catastrophes he said the new leadership had caused.

He said the President should sit down to work instead of constantly blaming past governments at all time.

He said, “What Nigerians want from this administration are positive results and not resorting to throwing tantrums on the PDP at every given opportunity.

“Our call for the President to return the country to how he met it in 2015 is justified on the following grounds.

“In 2015 when the President came to power, a bag of rice was selling at N7,000, but now, it is above N20,000; a ‘mudu’ of beans was N150 then and now, it is N500; one US dollar was then trading for N197 but now it is over N400.

“Also, a litre of fuel was N87 but now is N145; cost of transportation and other services had skyrocketed. Given our observations since the inception of this government, they have nothing to offer and as such, quitting will be a solution because nobody can give what he/she does not have. The APC has failed.”

Adeyeye called on Nigerians to recall President Buhari’s purported “body language” at the beginning of his administration and reiterated that governance “is a serious business and not about someone’s body language’ and de-marketing strategies of Mr. President while ‘globetrotting’.

“When this government came to power in May 2015 riding on the achievements of the previous PDP administration, President Buhari’s handlers and his party, the APC, claimed it was his ‘body language’ that brought some positive changes the country was witnessing at that time.

“So, we want to know what are the results of the so-called ‘body language’?”

He concluded that the earlier the President and his team quit, the better for the country, saying “there is no better time than now to make this call for the President to return the country to how he met it and quit.

“He can even quit right away for a more experienced team to take over.”

Adeyeye appealed to members of his party and other well-meaning Nigerians to keep praying to God to intervene so that the country could quickly recover from the ailing economy.

The Director-General of the Voice of Nigeria, Mr. Osita Okechukwu, who was until his appointment, the South-East Zonal spokesman for the APC, has dismissed the PDP’s call for Buhari’s resignation.

Okechukwu said the PDP was simply trying to make Nigerians forget the 16 years of its maladministration.

He said, “On May 13, 2010, the Jonathan administration announced the contract award of three refineries which he called the greenfield refinery. One was to be located in Bayelsa, one in Kogi and one in Lagos, if those refineries were constructed, the billions of naira we are losing through vandalism of our pipelines would not be the order of the day.

“If his wife, Patience, was wise enough to use the money she used to build a hotel in Yenagoa for the refinery, we wouldn’t have been where we are today.

“The Nigerian people know where the rain started beating us. As the Petroleum Task Force chairman, Buhari, with the meagre resources at his disposal, was able to build more kilometres of roads than the PDP did in 16 years, even though they had more money.

“Are they saying Nigeria should return to the years where Boko Haram held all of us to ransom and the looting of the public treasury was the order of the day?”

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

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

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

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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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