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Suspend Vehicle Importation Ban, Reps Tell Buhari

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SPEAKER of the House of Representatives, Yakubu Dogara
  • Suspend Vehicle Importation Ban, Reps Tell Buhari

The House of Representatives on Thursday asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders.

The lawmakers specifically advised President Muhammadu Buhari to intervene by urgently directing the Nigeria Customs Service to reverse the policy.

The policy is expected to come into effect from January 1, 2017.

Instead of enforcing a ban, the House called on the government to ensure that security agencies manned the land borders diligently to enforce the payment of import duties and ensure the remittance of same to the treasury.

“The House further urges the government to install border security and surveillance equipment for effective monitoring to address the recurring menace of smuggling and ensure a maximum revenue generation on all lawfully-imported goods,” the resolution stated.

The decision came after an All Progressives Congress lawmaker from Sokoto State, Mr. Abdullahi Salame, informed members that the policy could only worsen the “hunger and insecurity” in the land, and cause job losses.

Leading the debate on the motion, Salame said corruption at the borders would increase as Customs personnel would seize the opportunity to divert revenue into private pockets.

“The government will indeed lose revenue and Customs personnel will connive with smugglers to divert revenue. Car dealers will lose their business and this also implies that millions of Nigerians will lose their means of livelihood,” he stated.

According to Salame, prices of vehicles will hit the rooftops in Nigeria, making fairly-used cars out of the reach of ordinary citizens.

“A similar exercise in the case of importation of rice has brought untold hardship on Nigerians as a bag of rice now sells for between N20,000 and N23,000 as against N8,000 a few months ago,” he added.

A member from Adamawa State, Mr. Sadiq Ibrahim, noted that the buck stopped on Buhari’s table.

He said, “I am addressing Buhari. He should suspend the ban; there is no alternative. Why ban car importation through land borders when you have not provided other options for those in the business to survive?

“This policy will serve no useful purpose and there will be more problems than solutions to the hardship arising from our economic situation of today.”

Another APC member from Kwara State, Mr. Zakari Mohammed, suggested that the government could modify the policy to reflect that vehicles of certain ages should not be imported through the land borders.

“The administration of former President Olusegun Obasanjo had such a policy in place before. We can return to that policy or ensure its full implementation this time round, rather than a blanket ban,” Mohammed said.

But, another APC member from Katsina State, Mr. Ahmed-Baba Kaita, tried to rationalise the government’s action, saying that Nigeria was losing more revenue compared to whatever benefits that could be derived from land border importation.

For example, he said the country was the final destination of nearly all the cars imported into neighbouring countries through their seaports.

Kaita explained, “So, we have a situation whereby these countries collect their duties, improve their economies, but the cars are coming to Nigeria duty-free. We have had instances where even state governments in Nigeria imported their vehicles through Benin Republic, paid the duty there, but would not pay in Nigeria.

“The policy may look harsh on the onset but in the long run, the country will be better off with it.”

However, Kaita’s explanations could not convince the majority of lawmakers, who voted in support of the passage of the motion.

The session was presided over by the Speaker, Mr. Yakubu Dogara.

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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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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