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2019: FG Moves to Cripple Atiku

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atiku-abubakar
  • 2019: FG Moves to Cripple Atiku

The Federal Government’s decision to break the hold of Intels over logistics handling in Nigeria’s oil and gas port terminals may be another move by power brokers to break the financial muscle of former Vice President, Atiku Abubakar, in the run up to the 2019 presidential election, high-level sources in the All Progressives Congress, APC have disclosed.

Even before news of the ailment of President Muhammadu Buhari emerged, Atiku was believed to have commenced mobilization to run for the 2019 presidential election using either the platform of the APC and where not, using the platform of another political party.

The decision to curtail him was, however, believed to have commenced before the news of the sickness of President Buhari.

Central to the alleged plot even if unwittingly, is the Managing Director of a leading federal government agency, who is a long-time associate of a northern governor, who is widely identified as a possible rival of Atiku in the 2019 showdown.

Atiku’s associates, however, are unrelenting as one of them said they knew where the ‘thing’ was coming from, saying that they have enough information to hit back even at those instigating the move.

The presidency had, through a letter dated May 5, 2017, issued to the Managing Director of Josepdam Port Services Limited (JPSL) broken the seeming dominance of Intels over logistics handling at Onne.

Though Atiku’s office refused to be dragged into the issue seeing it as just a business affair for Intels, associates, however, saw it as simply a political move by some power brokers to break Atiku’s backbone.

Intels, had during the privatization exercise done by the Olusegun Obasanjo administration won the concession to operate the terminal at the Onne Oil and Gas Free Zone and through it, took dominion over the sector it turned lucrative.

The new government policy believed to have been initiated at the behest of the Managing Director of the leading federal government agency aims to remove the advantages of Intels and allow other operators into the sector.

Intels won the bid for the concession of operation of port terminals, including the Onne Oil and Gas Free Zone in Rivers State, following the implementation of the port reforms and concessions initiated by the federal government during the Obasanjo administration.

A top associate of Atiku, who spoke on the condition of anonymity while responding to the development told Saturday Vanguard thus:

“It is left to your imagination as a press man to see what could have been behind the move. But one thing that can be said is that we said we are looking for investors, and we are at the same time driving away those who are already there, does that not indicate policy inconsistency?

“People who are talking about monopoly, where were they when 30 years ago, Intels was developing its technical teeth? Intels saw an opportunity and took it. People cannot wake up and start talking.

“Is government saying that it would change the rules midway into the game? Is that not against the rules? We are looking for investors, and by your actions, you are driving away those who came in and made a stake when no one else was willing to do so.”

Another Atiku associate, who saw the move as a direct political move to derail the presidential aspiration of his patron, however, said that they had fought off more serious challenges during the Obasanjo administration, saying that this would not be as serious.

He said:”Even those instigating it would sooner than later be at the receiving end because they would also have their challenges which would soon blow up in their heads.

“It is all politics and we are equal to the task. Even there was nothing Obasanjo did not do to stop Atiku during his administration, but when it comes to litigation, Atiku knows how to go his way. We are waiting.

“We know who is working at it and those behind it have a lot to answer. Their own case is coming up, and we know that this is part of a project. OBJ, during his time there was nothing he did not do to stop him, but once it comes to litigation, Atiku knows how to go his way. We are waiting.

“We know who is working at it and those behind it have a lot to answer for. Their own case is coming up, and we know that this is part of a project.”

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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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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