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China Warns of War Risk as Trump Rattles Saber at North Korea

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  • China Warns of War Risk as Trump Rattles Saber at North Korea

China warned that a war on the Korean Peninsula would have devastating consequences as the U.S. threatened military retaliation against North Korea if it proceeds with a nuclear test this weekend.

As U.S. Vice President Mike Pence heads to Asia on a 10-day trip that will include South Korea, Chinese Foreign Minister Wang Yi urged all parties “to stop provoking and threatening each other and not to make the situation irretrievable.”

“Once a war really happens, the result will be nothing but losing all round and no one could become a winner,” Wang told reporters in Beijing on Friday, according to the official Xinhua News Agency.

The world is watching North Korea as speculation mounts that Kim Jong Un’s regime will carry out a ballistic missile or nuclear test this weekend to mark the 105th birth anniversary of his grandfather Kim Il Sung, the nation’s founder, on Saturday.

While President Donald Trump’s administration is ratcheting up pressure on China to contain its neighbor and ally, the U.S. says it’s also willing to act on its own. Administration officials said Thursday it’s considering economic sanctions and military options if a provocation by North Korea occurs.

Pence will discuss the U.S. response when he visits South Korea and Japan as part of his Asian tour. He’ll arrive in Seoul on Easter Sunday, a day after North Korea’s biggest holiday. White House foreign policy aides who requested anonymity to discuss the vice president’s travel say North Korea has telegraphed the possibility of a test to coincide with the occasion.

Warships, Submarines

Pence’s trip comes after Trump dispatched the USS Carl Vinson aircraft carrier and its battle group to the waters around the Korean Peninsula. Commercial satellite imagery of North Korea’s Punggye-ri nuclear test site obtained by 38 North, a program devoted to analysis of the country at the Johns Hopkins University School of Advanced International Studies, showed activity at the site suggestive of preparations for a nuclear test.

“North Korea is a problem,” Trump told reporters at the White House on Thursday. “The problem will be taken care of.”

Any U.S. military strike risks leading to a war between the world’s biggest economies that would threaten to devastate South Korea and Japan, two American allies in striking range of retaliatory attacks. China has backed North Korea since the peninsula was last at war in the 1950s, in part to prevent having an American ally on its border.

The Chinese military dispatched 20 submarines in waters around the peninsula, Yonhap News reported Friday, citing Taiwanese media outlet CNA.

‘Vicious and Aggressive’

Trump’s policy toward North Korea is more “vicious and aggressive” than previous administrations, North Korea’s Vice Foreign Minister Han Song Ryo said in an interview with the Associated Press on Friday.

“We certainly will not keep our arms crossed in the face of a U.S. pre-emptive strike,” he said. “We will go to war if they choose.”

While not publicly defining its plans, the White House has said that all options are on the table to prevent North Korea from acquiring the ability to strike the U.S. with a nuclear weapon. Despite the saber rattling, Trump has found little support — publicly or behind the scenes — from allies South Korea and Japan.

A U.S. strike may prompt North Korea to immediately unleash artillery fire on Seoul and its surroundings, which is home to just more than half of South Korea’s 51 million people, according to a report published by Stratfor last year. It then may activate air or naval assets and larger ballistic missiles that can target South Korean, Japanese or American bases in the region with nuclear, chemical and biological weapons.

The White House expects South Korean officials to discuss responses during the vice president’s visit, and Pence also plans to meet troops and discuss possible military steps with Army General Vincent Brooks, the commander of United States Forces Korea. He’ll promote the deployment of the Thaad missile-defense system in the region, a move that has annoyed China.

Despite the higher tensions, Trump and Chinese President Xi Jinping have shown signs of warmer ties since they met last week in Florida. Trump on Wednesday highlighted China’s move to ban coal imports from North Korea, noting that a fleet of cargo ships had turned back.

“That’s a big step, and they have many other steps that I know about,” Trump said at a news conference. He later said he thought Xi “means well and I think he wants to help.”

The Global Times, a Communist Party-affiliated Chinese newspaper, argued in an editorial this week that Beijing should support stiffer UN sanctions against North Korea, including the limit of oil exports, if the country conducts another another nuclear test.

Even so, China is getting increasingly alarmed at the brinkmanship.

“The situation now is similar to the time before a storm, and this kind of dangerous situation worth of our attention and we must be alert,” Wang, China’s foreign minister, said on Friday. “No matter who the nation is, if it continues to provoke wars in the Peninsula, it has to bear this historical responsibility and pay its price.”

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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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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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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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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