Connect with us

Government

Donald Trump’s National Security Adviser Michael Flynn Resigns

Published

on

Michael Flynn
  • Donald Trump’s National Security Adviser Michael Flynn Resigns

WASHINGTON ― National security adviser Michael Flynn resigned late Monday, following revelations that he discussed U.S. sanctions against Russia with that country’s ambassador in the days surrounding their imposition and weeks prior to Donald Trump’s inauguration

Retired Lt. Gen. Joseph Keith Kellogg Jr. will serve as acting national security advisor until a full-time replacement is named, the White House announced. Kellogg, as well as Vice Adm. Robert Harward and retired Gen. David Petraeus are the three candidates in line to succeed Flynn, according to the administration.

Flynn’s resignation came after a tumultuous few days of revelations about his ties to Russia and his role in attempting to ease sanctions that were put in place weeks before the Trump administration took office.

In late December, President Barack Obama announced the sanctions, which included the expulsion of 35 Russian intelligence operatives, in response to Russian interference in the November election designed to help Trump win.

Flynn at first denied that he had discussed the sanctions when he spoke with Russian ambassador Sergey Kislyak. He said the conversations concerned setting up a phone call between Trump and Russian leader Vladimir Putin and offering condolences after the murder of a Russian diplomat in Turkey.

But following a Washington Post report ― based partially on transcripts of the conversations ― Flynn’s office revised his earlier statements, and said that he couldn’t recall whether the topic of sanctions had come up. On Monday night, the plot thickened, with The Washington Post reporting that top officials at the Department of Justice warned the Trump administration weeks ago that Flynn might have been compromised by Russian influences and The New York Times reporting that the Army had investigated whether Flynn received payments from the Russian government in 2015.

As the revelations have piled up, the question has turned to why the Trump administration didn’t act sooner to sever ties. Trump has faced his own criticism for being too cozy to Russia.

When Putin’s response to Obama’s sanctions was uncharacteristically subdued, for example, Trump praised the Russian leader for his savvy. (Putin did not respond by expelling suspected American intelligence agents as is normally done, and instead said he hoped relations would improve after Trump took office.)

Trump also has been loathe to concede the Russian actors played a role in the 2016 elections, even though U.S. counterintelligence agencies concluded in October that Russia and WikiLeaks ― which many in the intelligence community believe is a mouthpiece for Russian spy agencies ― were trying to interfere. A follow-up report released Jan. 9 added that Russia had been actively trying to help Trump and hurt his Democratic opponent, Hillary Clinton.

Flynn, like Trump, has advocated a closer relationship with Russia as an ally in the fight against Islamic terrorism. He appeared at an awards dinner honoring the Kremlin-sponsored RT network in 2015, at which he was seated beside Putin.

A retired Army lieutenant general, Flynn was considered an accomplished intelligence field officer but was fired from his job running the Defense Intelligence Agency in the Obama administration in 2014. In 2015, he began supporting Trump’s primary campaign, and was a featured speaker at the Republican National Convention last summer, when he led the crowd in chants of “lock her up,” regarding Clinton.

For this advocacy on the trail, Flynn enjoyed a tight relationship with Trump and got the plum foreign policy position in his administration when the election was over. Other Republican foreign policy operatives hesitated to work for him, making staffing inside the White House all the more difficult. But Trump remained committed, confounding others inside the administration who saw Flynn as toxic.

As recently as a few hours before the resignation was announced, White House counsel Kellyanne Conway had said that Flynn enjoyed the “full confidence of the president.”

That, clearly, turned out not to be true.

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.

Continue Reading
Comments

Government

Ukraine Strikes Russian Fuel Depot, Sparking Fires in Belgorod Region

Published

on

Russian Mercenaries

The governor of Russia’s southern Belgorod region said on Sunday Ukrainian forces attacked a fuel depot, triggering a series of fires after Moscow and Kyiv accused each other of launching overnight attacks on border regions.

“The Ukrainian military, aided by lethal drones, attacked a fuel storage site in Volokonovsky district,” Vyacheslav Gladkov wrote on Telegram, referring to an area near the border.

“Several reservoirs caught fire in an explosion. Firefighting crews are putting out the blaze.”

Gladkov also reported drone attacks on three other localities. There were no casualties reported in the incidents.

In the overnight air attacks, Ukrainian officials said two people died and four were injured in Sumy region. Gladkov reported three civilians were injured in Belgorod.

Two children were among those injured in Sumy, the military administration of the northeastern Ukrainian region said on Sunday on Telegram. Several homes and cars were damaged.

In Belgorod region, three civilians, including two children, were injured. Gladkov said two residential buildings were destroyed and more than 15 buildings in total were damaged.

The Russian defence ministry said it had destroyed one drone over Belgorod region and another over Kursk region, where Ukrainian forces launched a cross-border incursion last month. It said two drones were intercepted over Belgorod overnight.

Border regions on both sides have been subject to frequent attacks. Both Moscow and Kyiv deny targeting civilians, saying the attacks are aimed at destroying each other’s infrastructure critical to war efforts.

Thousands of civilians have died in the war, which Russia started with a full-scale invasion on Ukraine in February 2022. Millions of Ukrainians have also been displaced, while their cities and villages have become piles of rubble

Continue Reading

Government

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

Published

on

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.

Continue Reading

Government

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

Published

on

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.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending