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North-east: Presidential C’ttee Begins Work, Says $9bn Lost to Boko Haram Destruction

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  • Presidential C’ttee Begins Work, Says $9bn Lost to Boko Haram Destruction

The Presidential Committee on North-east Initiative (PCNI) on Thursday commenced work on the rehabilitation of the region following its destruction by Boko Haram insurgency.

According to the committee, a substantial amount of resources estimated at $9 billion had been lost to the destruction of Borno, Yobe and Adamawa States and other states within the region by Boko Haram insurgents.

The committee further explained that a strategic framework which has been developed through a document would be launched very soon by President Muhammadu Buhari, his pet project, in line with his determination to rebuild the region.

The Vice Chairman of PCNI, Tijani Tumsah, told journalists in Abuja at a press briefing that the mandate of the committee is to harness resources in the rehabilitation and provision of humanitarian intervention in order to bring about succour to victims ravaged by the insurgency.

According to Tumsah, “The focus of the meeting was to discuss the mandate given to PCNI to arrange a way that would be most direct in terms of delivery of that mandate; analyse the enormity of the task and fulfill the presidential mandate to deliver succour to the people of the region.”

Conversely, he stated that the committee was not given the mandate to investigate and prosecute the people who allegedly participated in the diversion of relief items meant for victims of insurgency in the Internally Displaced Persons (IDPs) camp.

Tumsah said: “We are not investigating anybody; there are people who are investigating such diversions. I’m glad you mentioned the Senate, House of Representatives, police and EFCC. Our mandate, going forward, is to provide strategic framework of implementation of all interventions going on in the North-east in terms of humanitarian, resettlement and eventual rebuilding of the North-east.

“In terms of the cost, there is an immediate, short term and long term view. The entire rebuilding of the North-east, of course, will keep changing. But we do know that a substantial amount of resources has been lost to destruction put at over $9 billion value of resources in terms of destruction.

“We are going to channel this strategic framework through a document that we have developed that is going to be launched very soon. It is the plan of President Buhari for the rebuilding of the North-east. That is the strategic implementation going forward.”

Speaking against the backdrop of the funds earmarked for the rebuilding of the region, Tumsah said it was donated for a particular purpose – rehabilitation of victims of terrorism.

“The PCNI will oversee that programme and it is a key component of our intervention,” he emphasised.

Another member of the committee representing the Senate, Ali Ndume, stressed that its members were representatives of the North-east caucus, because of the peculiarities and the objectives for which PCNI was set up.

He said: “It is our constitutional responsibility to back the course, especially in terms of appropriation. We have earlier on appropriated N12 billion. So far, I think N10.5 billion have been released out of that money.

“In fact, it is in view of the situation of the mandate that are so divergent and are not really achieving that the government is so worried to get through that gave birth to the presidential committee.

“As the vice chairman said, that is what led to the collapse of the three committees; we are here to form the committee. We are to give it the constitutional backing.”

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

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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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