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Senegalese Troops Enter The Gambia

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Gambia's President Jammeh smiles during a rally in Banjul
  • Senegalese Troops Enter The Gambia
Senegalese troops entered The Gambia on Thursday in support of its new President Adama Barrow, who took office demanding loyalty from his own armed forces in a tense standoff with his defeated rival.

Barrow was sworn in at The Gambia’s embassy in Dakar, although longtime leader Yahya Jammeh has refused to step down despite international pressure following his December election loss.

Celebrations erupted in the Gambian capital, which has been on edge over the crisis in the former British colony in west Africa.

Dressed all in white, 51-year-old Barrow waved to crowds at the ceremony that anointed him, seeking to end the 22-year rule of Jammeh, who has not been seen but is believed to be still in Banjul.

“This is a victory of the Gambian nation. Our flag will now fly high among those of the most democratic nations of the world,” he said.

Shortly after the inauguration, the UN Security Council unanimously backed efforts by the regional bloc ECOWAS to force Jammeh to hand over power, without formally authorising military action.

“I command the chief of defence staff and officers of high command to demonstrate their loyalty to me as commander in chief without any delay,” Barrow said at his inauguration.

“I command all members of the armed forces to remain in their barracks, those found wanting or in possession of firearms without my order will be considered rebels.”

Britain was among foreign powers to congratulate the new president.

Barrow, an opposition coalition candidate, defeated Jammeh, who had ruled the former British colony since taking power in a coup in 1994, in a surprise election win on December 1.

– Jubilation for Barrow voters –

Troops from Senegal, Ghana and Nigeria readied for a possible intervention against Jammeh, whose mandate expired at midnight Wednesday.

A Senegalese army spokesman confirmed his country’s troops had crossed the border, after Nigerian jets overflew The Gambia.

Shops had stayed shuttered and streets were quiet in and around the capital Banjul before the inauguration. Tour operators had continued to evacuate hundreds more tourists from the tiny country’s popular beach resorts.

But Barrow supporters on Thursday evening took to the streets of Banjul, where soldiers were seen but did not intervene.

“For the last 22 years we were living under a state of dictatorship,” Corra Kah said in a suburb of Banjul as he watched the inauguration. “Now we are free”.

In off the cuff remarks, army chief Ousman Badjie insisted his soldiers would not get involved in a “political dispute” or prevent foreign forces from entering the west African nation.

Barrow, a real-estate agent turned politician, flew to Senegal on January 15 after weeks of rising tension over Jammeh’s stance.

The incumbent initially acknowledged Barrow as the victor but later rejected the result.

He then attempted to block Barrow’s inauguration with a court ruling and by declaring a state of emergency this week.

A senior member of Barrow’s opposition coalition, Isatou Touray, welcomed the army chief’s declaration.

“That’s a very positive outlook from him, given that Jammeh’s regime is done,” Touray told AFP.

“We don’t have to risk the lives of innocent citizens.”

In remarks at a hotel restaurant late Wednesday, Badjie said he loved his men and would not risk their lives in a “stupid fight,” witnesses said.

– ‘Really scary’ –

Arriving back from The Gambia at Manchester airport in England, several passengers could be seen comforting a Gambian national and UK resident who had tried unsuccessfully to get his family out.

Ebrima Jajne described the situation as “really scary for everybody… because this president (Jammeh) doesn’t want to step down and people are fleeing.”

Tourist Ralph Newton said local residents had done what they could to reassure visitors, despite the threat to themselves.

“All the locals were just worried… They said it’s a bad time for us but you’ll be alright… It’ll be us they come for, if they come for anybody.”

After 11th-hour talks in Banjul, Mauritanian President Mohamed Ould Abdel Aziz held a meeting with Barrow also attended by Senegal’s President Macky Sall, the private RFM radio station reported.

It was not clear whether the Mauritanian leader had secured a deal or made an asylum offer to Jammeh.

The last-minute intervention came after several unsuccessful attempts at diplomacy by the 15-nation Economic Community Of West African States (ECOWAS).

Mauritania is not part of ECOWAS and diplomats have previously reached out to the conservative desert nation in hopes of brokering a deal with Jammeh.

AFP

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Government

Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

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ghana

The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

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Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

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Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

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NLC Prepares for Protest Against Alleged Intimidation of President Ajaero by Police

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Joe Ajaero

The Nigeria Labour Congress (NLC) has announced plans for mass protests and industrial action in response to what it describes as the harassment and intimidation of its president, Joe Ajaero.

This decision follows a summons by the Nigeria Police, accusing Ajaero of involvement in criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime.

In a communique issued at the end of an emergency meeting held on Tuesday, the NLC expressed outrage at the police’s actions and warned that if any harm befalls Ajaero or any other leader of the labour movement, the organization would mobilize its members for nationwide protests.

The congress also hinted at industrial action in defense of its leadership, which it views as being under attack.

“The Congress will not hesitate to take all necessary actions, including mass protests and industrial actions, to protect the integrity and independence of the labour movement,” read the communique signed by Sani Minjibir, Deputy President of the NLC.

“If anything happens to the President of the Congress or any other leader in furtherance of these tendentious allegations by the state, we will not stand idle.”

The NLC further called upon civil society groups and the general public to stand in solidarity with the labour movement, describing the situation as a fight against “injustice and oppression.”

The congress urged Nigerians to defend the country’s democratic values and support their cause in what they see as a critical moment for the future of the labour movement in Nigeria.

The controversy began earlier this week when the police issued an invitation to Ajaero, asking him to report to their Intelligence Response Team (IRT) in Abuja on Tuesday, August 20th, 2024.

The police warned that a warrant for his arrest would be issued if he failed to comply. According to the invitation, Ajaero is being investigated for a range of serious charges, including terrorism financing and cybercrime.

However, Ajaero’s legal counsel, led by renowned human rights lawyer Femi Falana, responded to the police on Tuesday, citing the short notice of the invitation as the reason Ajaero could not attend on the scheduled date.

The letter stated that Ajaero had prior engagements and requested an extension to Wednesday, August 29th, 2024. Falana also demanded detailed information regarding the allegations against Ajaero.

In its communique, the NLC condemned the invitation as a form of “witch-hunting, intimidation, and harassment,” insisting that the charges against Ajaero were politically motivated and intended to weaken the labour movement.

The NLC described the police’s actions as a blatant attempt to silence the leadership of the workers’ movement, warning the government to desist from further antagonizing its leaders.

“We view this as a calculated attempt to weaken and destabilize the labour movement, which has always stood as a bastion of democratic principles and the voice of the Nigerian masses,” the statement continued. “We remain resolute in our commitment to defending the rights and interests of workers and the Nigerian people. We shall not be cowed or intimidated by these desperate attempts to silence us.”

In anticipation of further escalation, the NLC directed its affiliate unions and state councils to begin mobilizing members across the country, stating that it is prepared to take any measures necessary to protect its leadership and the integrity of the labour movement.

The NLC warned the government that any attempt to undermine their rights or freedoms would be met with fierce resistance, including potential strikes and mass actions across Nigeria.

As the deadline for Ajaero’s appearance before the police approaches, tensions between the government and the labour union continue to rise.

The outcome of this confrontation could have far-reaching implications, not only for the leadership of the NLC but also for the broader landscape of Nigeria’s labour and civil rights movements.

The NLC has vowed to stand firm, declaring that it will continue to fight for justice, fairness, and the rule of law in Nigeria.

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