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Trump and Xi Say North Korea Must Stop Provocative Behavior

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China's President Xi Jinping
  • Trump and Xi Say North Korea Must Stop Provocative Behavior

U.S. President Donald Trump and China’s Xi Jinping agreed that North Korea must stop provocative behavior, reiterating their mutual commitment to the denuclearization of the Korean peninsula amid elevated global tensions.

Trump and the Chinese president affirmed that a recent United Nations resolution was an important and necessary step toward achieving peace and stability on the Korean peninsula, according to a White House readout of a phone call between the two leaders Friday night U.S. time.

Xi also told Trump that all concerned parties must maintain restraint and should avoid remarks and actions that could escalate tension, China’s CCTV reported. The U.S. president said earlier that he’s ready to use his country’s military might to end continual threats and provocations by North Korean leader Kim Jong Un.

The phone call between the two leaders came as Japan set up a missile-defense system in western areas of the country. The deployment of four Patriot interceptors in the Shimane, Ehime, Hiroshima and Kochi prefectures began on Friday and was expected to be completed Saturday, a spokesman for Japan’s Ministry of Defense said by phone. He asked not to be named.

Japanese Prime Minister Shinzo Abe told local media earlier on Saturday that he would “do his best” to protect the lives and property of the Japanese people.

New Sanctions

Tensions have been rising over the past week as North Korea and the U.S. exchanged a series of threats after the UN Security Council agreed to new sanctions on North Korea over its nuclear program, aiming to cut its exports by about $1 billion a year.

Trump warned that Kim Jong Un’s regime would face a devastating military strike if it continued threatening the U.S. North Korea responded by saying that it was “seriously examining” a plan to strike Guam with four Hwasong-12 intermediate-range strategic ballistic missiles.

Trump issued another warning Friday, saying that if Kim makes any “overt threat” or strike at a U.S. territory or ally “he will truly regret it and he will regret it fast.”

So far, the most significant measures levied against Kim have been United Nations economic sanctions. Trump said that the U.S. was considering further economic penalties against Pyongyang that would be “as strong as they get,” though he offered no specifics. China has the most economic leverage over the Kim regime.

‘Peaceful Solution’

“Hopefully it will all work out. Nobody loves a peaceful solution better than President Trump,” he told reporters in Bedminster, New Jersey. “We will see what happens. We think that lots of good things could happen, and we could also have a bad solution.”

The U.S. hasn’t taken any public steps to prepare for hostilities such as evacuating Americans from Seoul, which is within range of North Korean artillery, or moving ships, aircraft or troops into position for an imminent response.

“Military solutions are now fully in place, locked and loaded, should North Korea act unwisely,” Trump tweeted on Friday. In a subsequent retweet, Trump highlighted the presence of U.S. Air Force B-1B bombers stationed on the Pacific island of Guam, which have flown joint missions with Japanese and South Korean fighter jets in recent days.

North Korea’s state-run Korean Central News Agency accused Trump earlier of “driving the situation on the Korean peninsula to the brink of a nuclear war.”

Trump has been increasing pressure on North Korea as the isolated regime in Pyongyang has continued to develop and refine its nuclear bomb and missile technology to pose a risk to the U.S. The president has vowed to unleash “fire and fury” on Kim’s regime, which has threatened to fire missiles toward Guam, a U.S. territory about 2,100 miles (3,400 kilometers) southeast of Pyongyang that is home to a strategic air and naval base.

Markets Stabilize

After a week of tumult, financial markets began to stabilize on Friday. The S&P 500 Index rebounded from its steepest drop since May, and the CBOE Volatility Index dropped 3.3 percent, after Thursday’s 44 percent spike.

Terence Roehrig, a national security affairs professor at the U.S. Naval War College in Newport, Rhode Island, said Trump’s posture suggested he was trying to dissuade Kim from further provocations rather than setting the stage for a U.S. military strike.

“The president’s rhetoric could be aimed at China, but largely it is aimed at North Korea, trying to deter,” Roehrig said. “North Koreans are not suicidal. They may continue launching missile tests but they don’t want a war, and the U.S. doesn’t want military action either. ”

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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