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Buhari Meets Osinbajo Over Economy, 2017 Budget

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Buhari and Osinbajo
  • Buhari Meets Osinbajo Over Economy, 2017 Budget

The State House in Abuja yesterday witnessed a flurry of activity three days after President Muhammadu Buhari’s return from about 50 days of medical vacation in London, United Kingdom.

The resumption may douse the controversies over Buhari’s fitness or otherwise to continue in office and the period Osinbajo can act as president.

In a brief statement yesterday, Buhari’s Special Adviser on Media and Publicity, Femi Adesina said the president had formally transmitted letters to the Senate and the House of Representatives, intimating the National Assembly of his return and resumption of work in the villa.

The statement quoted President Buhari as saying “I have resumed my functions as the President of the Federal Republic of Nigeria with effect from Monday, March 13, 2017, after my vacation.”

At resumption yesterday, Buhari met with Vice President Yemi Osinbajo during which the north east debacle, 2017 budget, and the economy, among others, were deliberated upon by the two leaders.

In a brief encounter with State House correspondents after the closed-door meeting with Buhari, Osinbajo said they discussed a wide range of issues for over one hour.

Osinbajo, who was acting president when Buhari was in vacation, said the meeting was specifically to brief the president on a number of issues and how he handled the ship of state while he (Buhari) was away.

“We just had a very long meeting, we are basically trying to bring the president up to speed as to some of the things we have done while he was away‎. And he has given a few directives on what we should be doing in many areas, the north east, budget, the economy, a wide range of issues.”

Osinbajo, who said Buhari ‎expressed satisfaction with how he piloted the affairs of state during his absence, debunked insinuations that the president was still weighed down and needed more time to rest.

“He is very well, his readiness for work is not in doubt at all. In fact, he is over-ready. He held a meeting with me for over an hour where we discussed a wide range of issues,”‎ he said.

On whether he has formally handed ‎over the reins of power in view of the president’s earlier indication to do a “follow-up” on his health status within some weeks, Osinbajo said: “Oh yes! I’m back to my regular position as vice president. I think the president, as you know, has always given me several responsibilities.

“What we must recognise is that the way this administration works is that it has always been a team work. Very little is done without the president’s clearance. So, generally speaking, even responsibilities that are mine constitutionally, we have full discussions on them. We have full agreements on all of those issues.

“It is necessarily delegation, yes in some cases delegation, but by and large practically everything I discuss fully with him and have his endorsement before we are able to go on and do anything at all.”

The Speaker of the House of Representatives, Yakubu Dogara, yesterday received the correspondence from Buhari on his resumption of duty.

In the letter delivered by the President via his Senior Special Assistant on the National Assembly Matters, Abdulrahman Kawu Sumaila, Buhari noted: “ In compliance with Section 145 of the 1999 Constitution (as amended), I write to intimate the House that I have resumed my functions as the President of the Federal Republic of Nigeria with effect from Monday, 13th March, 2017, after my vacation.”

Dogara said he would read the letter to his colleagues during plenary session when the House reconvenes today. According to him, the House will ensure a harmonious relationship with the executive arm aimed at addressing the challenges bedeviling the polity.

“We have seen, to some extent, some forms of understanding between the National Assembly and the presidency. We promise that we will cooperate more than we fight. Like I said before, we will always fight and that has been the practice in all climes and ours cannot be an exception but we will cooperate more in the interest of our people rather than fight.”

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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