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France Decides Today

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Candidates for the 2017 presidential election, Emmanuel Macron, head of the political movement En Marche !, or Onwards !, and Marine Le Pen, of the French National Front (FN) party, pose prior to the start of a debate in La Plaine-Sainte-Denis
  • France Decides Today

The French go to the polls today to decide who – between centrist Emmanuel Macron and far-right candidate Marie Le Pen – would be the next president of the Western European nation and one of the most powerful countries in the world. In the latest polls released on Friday, Macron holds a 20 point lead over Le Pen and is widely expected to emerge winner.

If successful today, Macron, at 39, would become the youngest president in the history of France and the nation’s youngest leader since Napoleon. He has led a remarkable campaign, defying the traditional mainstream parties courtesy of his En Marche! movement. For many, however, the campaign has become less about backing Macron and instead about voting against Le Pen, the National Front candidate.

French President François Hollande, Republican candidate François Fillon and the Socialist Party’s Benoit Hamon have come together to back Macron, claiming a Le Pen presidency would be disastrous for France.

However, in an incident reminiscent of last year’s presidential elections in the United States, French presidential candidate Macron has been the victim of a massive and coordinated hacking operation, according to his campaign team.

Macron slammed the attack as a last-ditch attempt to undermine him before today’s election. Two polls released on Friday, before polling restrictions went into effect, suggested he still held a 20-point lead.

The hacked files were released less than 48 hours before today’s final round of the presidential election and a few hours before the election campaign period officially closed with its restrictions on campaigning, reporting and polling. These restrictions are aimed at preventing last-minute scandals from emerging and influencing the election’s outcome.

.Around 14.5 gigabytes of emails, personal and business documents were posted to the text-sharing site Pastebin through links to more than 70,000 files, a CNN look at the data shows. Officials from Macron’s En Marche! party said in a statement that the perpetrators of the hack had mixed fake documents with authentic ones “to create confusion and misinformation.”

“The leak happened in the last hours of the campaign. This operation is clearly meant to undermine democracy, just like what happened in the US during the last presidential campaign,” the statement read.

US intelligence officials have said Russia meddled in last November’s elections, and Congress is investigating the allegations. Russia has denied any interference.

En Marche! said that some of the files circulating were obtained several weeks ago after personal and professional email accounts were hacked.

It was not clear who was behind the document dump, but the hack targeting Macron’s campaign used methods similar to the suspected Russian hacks of the Democratic National Committee last year in the US, according to a report issued in April by cybersecurity researchers. Donald Trump won the election after information from Hillary Clinton’s campaign was released before the vote.

When asked whether Russia was involved in the Macron email hack, Kremlin spokesman Dmitry Peskov said: “These, like other similar accusations, are based on nothing and are pure slander.”

Russian officials have vehemently denied interfering in elections and have said they have no preferred candidate in the French vote.

Macron’s party chief, Richard Ferrand, accused Russia of trying to influence the election by spreading “fake news” about the candidate through its state-controlled media while reporting more favorably on Le Pen.

Le Pen’s anti-Europe and anti-NATO stance are perfectly aligned with Russian interests, and she has consistently called for closer ties with President Vladimir Putin. She has also expressed a desire to roll back European Union sanctions on Russia after Moscow’s annexation of Crimea from Ukraine, which she has described as “unfair and silly.”

It is a stance that contrasts markedly with Macron, a pro-EU, pro-integration candidate who has said he would keep sanctions on Russia in place, if not add to them.

No matter what happens in today’s election, voters will be making history. Neither of the two candidates represent the two parties — the center-left Socialists and center-right Republicans — that have traditionally dominated French politics. The parties, discredited by incompetence and scandal, have instead been overtaken by one formerly fringe party and one entirely new one.

But in a certain sense, the dynamic speaks to broader divisions with France itself — and within the rest of Europe. After decades of rising immigration rates and devolving sovereignty to the EU, combined with the more immediate shocks of the Great Recession and the refugee crisis, some French voters have come to question the basic premises of their political system. The choice is between France continuing to push for an open, connected Europe that it helped build or to shut its door to immigration and Europe.

Voters who prefer the latter answer have their champion in Le Pen. And Macron, a centrist former investment banker, is a near-perfect distillation of the pro-Europe consensus.

The roughly 20 points margin of victory which the polls say Macron holds is a much higher margin than what was predicted before the surprise Brexit and Trump victories. Even if Le Pen over-performs significantly, she would still have to climb a daunting hill to make up the difference.

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.

Government

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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