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CBN Governor’s Wife Kidnap

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Godwin Emefiele CBN - Investors King

In a bid to track the abductors of Mrs. Margaret Emefiele, the wife of the Central Bank Governor, Godwin Emefiele, the Inspector-General of Police, Ibrahim Idris, has deployed helicopters along the Benin-Agbor Road, where the incident had taken place.

Idris, it was gathered, had also flooded the area with hundreds of police operatives and sniffer dogs in a move to put pressure on the kidnappers.

A senior police officer said, “We received information on Thursday that the CBN governor’s wife was abducted alongside three women and a male driver. They were on their way to Agbor, Delta State, where she hails from.

“We have deployed policemen, helicopters and sniffer dogs and we will arrest the suspects very soon.”

Gunmen had on Thursday abducted Margaret along with four others and demanded N100m as ransom.

The kidnappers were said to have made the demand after taking their victims to an unknown location.

A senior police officer told our correspondent that Margaret was abducted alongside three women and a male driver.

He said they were abducted along the Benin-Agbor Road on Thursday.

Police sources said the abductors did not know her identity, adding that they simply stumbled on her and whisked her away.

Our correspondent learnt that the IG Special Intelligence Monitoring Team, headed by Abba Kyari, has commenced investigation into the incident.

Kyari was the officer who arrested the suspects responsible for the abduction of Prof. Kamene Okonjo, the mother of ex-Finance Minister, Ngozi Okonjo-Iweala, in 2012.

Another source said, “The kidnappers did not know the identity of the woman; preliminary investigation indicated that the gang just got her by chance. They have contacted her husband and they are demanding for N100m cash.”

Findings indicate that there were fears that the gang may increase their demand if they got to know the identity of their hostage.

“We actually wanted to keep the incident under wraps until the woman has been rescued, because the exposure of the victim’s identity may complicate the case; this is our fear,” a source said.

The police spokesman, Donald Awunah, could not be reached for comments as calls to his mobile telephone failed to connect. He had yet to respond to an SMS as of the time of filing this report.

Incident, very embarrassing-Security experts

Security experts described the abduction of the CBN governor’s wife as an embarrassment, noting that something must have gone wrong.

A former director, Department of State Services, Mike Ejiofor, stated that as a politically exposed person, Margaret must have had security operatives attached to her.

He wondered where the personnel were at the time she was abducted, noting that until the details of the incident came to light, it might be hard to know what transpired.

The lawyer urged Nigerians to take their personal security seriously.

Ejiofor said, “I don’t know the circumstances around her abduction, but this is one of the highest profile kidnap cases in recent time.

“How can the wife of the CBN Governor, with all these security challenges be kidnapped? We need the details. Was any security operative attached to her?

“As the wife of the CBN governor, I expect she would need some protection. Until I get the details, I can’t talk much, but I believe something has gone wrong, which is very embarrassing.”

Another security analyst, Ben Okezie, also observed that something must have gone wrong with the security operative(s) around Margaret.

He expressed confidence that the kidnap victim would be rescued and prayed for her safety.

“We pray they did not do anything evil to her. This should signal top people that their security should be guaranteed because they are important to Nigeria,” Okezie said.

When contacted, the spokesperson for the CBN, Mr. Isaac Okoroafor, did not pick repeated calls made by one of our correspondents to his mobile telephone.

When a text message was sent to him, requesting for comments on the kidnap of Margaret, his response was “I am sorry, not at this time.”

When contacted on Friday evening, the acting Police Public Relations Officer, Edo State Command, Stephen Onwochei, told our correspondent to call back in 20 minutes.

But he did not pick subsequent calls made to his telephone.

He also did not respond to a text message sent to his telephone number as of the time of filing this report.

However, the Zonal Police Public Relations Officer, Emeka Iheanacho, said that he was not aware of the incident.

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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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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