Connect with us

Government

Zuma Said to Beat Bid to Oust Him as South African President

Published

on

South Africa President Jacob Zuma
  • Zuma Said to Beat Bid to Oust Him as South African President

A defiant South African President Jacob Zuma survived a bid by some members of the African National Congress’s top leadership to order his removal from office, according to three members of the ruling party’s national executive committee.

The committee decided on Sunday not to vote on a no-confidence motion in the president, according to the committee members, who asked not to be identified because they aren’t authorized to speak publicly on the matter. Pressure had built on Zuma to quit following his March 31 decision to fire Pravin Gordhan as finance minister in a cabinet reshuffle, a move that sparked public protests and cost the country its investment-grade credit rating.

In his closing address to the three-day meeting, Zuma said he would not step down, according to one of the committee members. He accused foreign agents of being behind the attempt to remove him and said the issue of the NEC ousting him must never be raised again, the person said.

The decision will probably increase the chances that Zuma, 75, will survive a no-confidence motion called by opposition parties in parliament, whether or not the Constitutional Court orders a secret ballot for the vote. ANC lawmakers occupy 62 percent of the 400 seats in the National Assembly. The rand pared gains after earlier speculation that Zuma may be removed strengthened the appeal of the currency.

Power Base

“Despite all the pressures on Zuma and his government, his power base remains firmly intact,” Melanie Verwoerd, an independent political analyst and former ruling party lawmaker, said by phone from Cape Town.

Divisions in the party have widened since the ANC suffered its worst-ever electoral result when it lost control of Johannesburg, the economic hub, and Pretoria, the capital, in a municipal vote in August. Deputy President Cyril Ramaphosa, who’s a rival to Zuma’s ex-wife to succeed him as party leader in December, said on May 21 that South Africa is threatened with becoming a “mafia state.” Zuma, whose presidential term ends in 2019, also survived a bid to remove him at the NEC’s previous meeting in November last year.

The rand pared gains of as much as 1.7 percent against the dollar and was little changed at 12.8865 per dollar by 7:23 a.m. on Monday in Johannesburg.

A study by eight leading academics from four of the nation’s top universities released last week found that Zuma and his allies, including members of the Gupta family who are in business with his son, had carried out “a silent coup” that had enabled them to raid state assets and reap billions of rand from government contracts. Zuma and the Guptas have previously denied such allegations.

Zuma Support

Zuma supporters argued that the executive committee didn’t have the power to remove a sitting ANC president who’s appointed by its national congress, one of the NEC members said. Fifty-four members of the NEC spoke out in support of Zuma, while 18 said they wanted him to quit, the person said.

“Zuma surviving is not a surprise,” said Peter Attard Montalto, an economist at Nomura International Plc in London. “I still see him staying in his post until the first half of 2018.”

As the committee’s debate on Zuma’s future carried over from late Saturday, the Sunday Times and City Press newspapers reported that they obtained emails showing that Zuma was planning to establish a second home in the United Arab Emirates. The newspapers didn’t say where they got the information or how they verified the documents.

Zuma called the reports “pure fabrication,” according to the Sunday Times. ANC spokesman Zizi Kodwa didn’t answer a call to his mobile phone or immediately respond to questions sent via text message.

The newspapers also said the emails showed the Guptas had aided Zuma’s efforts to acquire residency in the U.A.E., and proved that they exerted undue influence over cabinet ministers and the management and boards of several state-owned companies.

“The reports rely on undisclosed documents and assumptions of impropriety resulting in a clear intention to influence political perception, which is another example of fake news,” the Guptas’ lawyer, Gert van der Merwe, said in an emailed statement.

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.

Continue Reading
Comments

Government

Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

Published

on

Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

Continue Reading

Government

EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

Published

on

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.

Continue Reading

Government

Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

Published

on

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.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending