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US Leads in Weapons Sale Globally

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  • US Leads in Weapons Sale Globally

The United States sold $40.2 billion worth of weapons in 2015 — by far the most in the world, according to a new congressional study.

According to UPI, the figure represents 31 percent of all arms sales globally.

France was far behind in second place at $15.2 billion, according to the “Conventional Arms Transfers to Developing Nations, 2008-2015,” by the nonpartisan Congressional Research Service, a division of the Library of Congress.

The largest purchasers were developing nations at $65.2 billion — 81.7 percent of the total $79.9 billion. Qatar’s deals were worth $17.5 billion, and Egypt followed with $11.9 billion in arms and Saudi Arabia at $8.6 billion.

Next were South Korea, Pakistan, Israel, the United Arab Emirates and Iraq.

The top arms sellers increased their sales in 2015. U.S. weapons sales increased by around $4 billion and France’s deals increased by well over $9 billion.

Russia’s sales dropped to $11.1 billion from $11.2 billion in 2014. China’s sales doubled to $6 billion from 2014. Next were Sweden, Italy, Germany, Turkey, Britain and Israel.

Despite global tensions and terrorism, the total size of the global arms trade dropped about $9 billion from the 2014 total of $89 billion, the study found.

Sales have dropped “due, in part, to the weakened state of the global economy,” Catherine A. Theohary, a national security policy specialist at the Congressional Research Service and author of the study told The New York Times.

“Concerns over their domestic budget problems have led many purchasing nations to defer or limit the purchase of new major weapon systems,” she added.

“Some nations have chosen to limit their purchasing to upgrades of existing systems and to training and support services.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

Abdulaziz Yari, Former Governor of Zamfara State, to Forfeit N270 Million in Zenith, Polaris

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Abdulaziz Yari, Former Governor of Zamfara State, to Forfeit N270 Million in Zenith, Polaris

The former governor of Zamfara State, Mr. Abdulaziz Yari, could forfeit as much as N270 million stashed in Zenith Bank and Polaris Bank, according to Justice Ijeoma Ojukwu of the Federal High Court in Abuja.

Justice Ijeoma Ojukwu said the former governor could not prove how he came about the money legitimately to the court on Tuesday.

Mr. Yari, 52, who served as governor of Zamfara State for eight years between 2011 and 2019, was said to have used his position to amass wealth, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stated.

Since the court granted an order for interim forfeiture of Yari assets in August 219m he has been unable to explain why the money found in his bank accounts should not be forfeited to the Federal Government.

Justice Ijeoma explained that while there is nothing wrong in having such an amount in one’s bank account, the owner must be able to explain the legitimate source of such funds.

“The respondents, who have been given an opportunity to tell their story, have failed to provide evidence for such legitimate income.

“The respondents have not countered the case and facts presented by the applicants (ICPC).

“The respondents, having failed to establish the legitimate source of the money as stated in this case, this honourable court hereby makes an order of final forfeiture of the following:

“An order of final forfeiture of N12,912,848.68, being proceeds of some unlawful activity stashed in the name of Abdulazeez Abubakar Yari.

“An order of final forfeiture of $57,056.75, being proceeds of some unlawful activity stashed in an account number …in the name of Abdulazeez Abubakar Yari.

“An order of forfeiture of N11,159,674.17, being proceeds stashed in an account in the name of Kayatawa Nigeria Limited.

“An order of final forfeiture of $319,000.91, being proceed of some unlawful activity stashed in the name of Kayatawa Nigeria Limited.

“An order of final forfeiture of N217,000.04, being proceeds of some unlawful activity allegedly stashed in the name of B. T. Oil and Gas Nigeria Limited.

“An order of final forfeiture of $311,817.15, being proceeds of some unlawful activity stashed in the name of BT. Oil and Gas Nigeria Limited,” the judge held.

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45th President of the United States, Donald Trump, Launches ‘office Of The Former President’ In Florida

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45th President of the United States, Donald Trump, Launches ‘office Of The Former President’ In Florida

The former President of the United States, Donald Trump, has launched the “Office of the Former President” in Florida in a move that suggests the 45th President of the world’s most powerful country remained resolute in his fight to return to office in the year 2024.

According to a statement released, the purpose of the office will be to oversee Trump’s post-presidential advocacy, ‘Make America Great Again’.

The Office will be responsible for managing President Trump’s correspondence, public statements, appearances, and official activities to advance the interests of the United States and to carry on the agenda of the Trump Administration through advocacy, organising, and public activism,” an official statement said.

President Trump will always and forever be a champion for the American People,” the statement added.

The former president has not made any public appearances since he left office on January 20, 2021, instead remained inside his luxury Mar-a-Lago resort.

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President Muhammadu Buhari Appoints New Service Chiefs as Buratai, Others Resign

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President Muhammadu Buhari Appoints New Service Chiefs as Buratai, Others Resign

President Muhammadu Buhari has appointed new service chiefs in an effort to bring the growing insecurities in Nigeria to an end.

The appointed service chiefs are Major-General Leo Irabor, Chief of Defence Staff; Major-General I. Attahiru, Chief of Army Staff; Rear Admiral A.Z Gambo, Chief of Naval Staff; and Air-Vice Marshal I.O Amao, Chief of Air Staff.

Femi Adesina, a presidential spokesman, stated in a statement issued on Tuesday.

According to him, the appointment was after Buratai and other service chiefs resigned and immediately retired from service.

The resigned and retired service chief were the Chief of Defence Staff, General Abayomi Olonisakin; Chief of Army Staff, Lt-Gen. Tukur Buratai; Chief of Naval Staff, Vice Admiral Ibok Ekwe Ibas; and Chief of Air Staff, Air Marshal Sadique Abubakar.

President Buhari thanked the outgone service chiefs for their dedication and commitment towards securing and protecting the lives of Nigerians.

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