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Buhari Signs Extradition Treaty With UAE, Other Pacts to Check Graft, Boost Economy

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  • Buhari Signs Extradition Treaty With UAE, Other Pacts to Check Graft, Boost Economy

President Muhammadu Buhari Thursday in Abuja signed nine international agreements, including an extradition treaty with the United Arab Emirates (UAE), aimed at strengthening the anti-corruption war, boosting the economy and improving security in the country.

Buhari also expressed hope that signing the agreements would enable the country to pursue the war against corruption with vigour, check illicit flow of funds, boost the tax regime, guarantee food security and improve living standards.

The president, who signed the agreements in the Conference Hall of the First Lady’s office in the State House, Abuja, directed all relevant agencies to ensure that they play their defined roles in the implementation and application of the treaties, with a view to providing Nigeria with the inherent benefits.

He said his action was in compliance with the powers conferred on him by Section 5(1) (a) and (b) of the 1999 Constitution and Article 7 of the Vienna Convention on the Law of Treaties of 1969.

The agreements signed by the president were the Agreement on Mutual Legal Assistance in Criminal Matters, Agreement on Mutual Legal Assistance in Civil and Commercial Matters, Agreement on the Transfer of Sentenced Persons, and an Extradition Treaty.

Others were: Charter for the Lake Chad Basin between Nigeria, Cameroun, Central African Republic, Libya, Niger and the Republic of Chad; African Tax Administration Forum Agreement on Mutual Assistance in Tax Matters; and World Intellectual Property Organisation Performances and Phonograms Treaty.

Also included were agreements on World Intellectual Property Organisation Treaty on Audio-Visual Performances, and the Marrakesh Treaty targeted at facilitating access to published works for persons who are blind, visually impaired or otherwise.

Describing the move as an important milestone in Nigeria’s sovereign capacity to fulfil its international obligations, the president further said it was another step in the pursuit of improving security, the economy and anti-graft war by the country.

He explained that the implementation had hitherto been delayed by the ratification process, disclosing that the eventual signing of the agreements Thursday was the bye-product of the memorandum earlier presented to the Federal Executive Council (FEC) by the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN).

According to him, the signing, which had equally been replicated in the United Arab Emirates (UAE) on the relevant treaties, provides Nigeria with the full fledged opportunity to enjoy cooperation with foreign authorities in the anti-corruption campaign.

“Today’s ceremony marks a very important milestone in our demonstration of sovereign capacity to fulfill our international obligations and take important steps for the benefit of our economy, security and the anti-corruption war within and outside Nigeria…

“The full implementation of the agreements has however been delayed due to the need by both sides to conclude their respective ratification processes.

“I am happy to note therefore that pursuant to a memorandum presented to the Federal Executive Council by the Attorney General of the Federation and Minister of Justice, council has approved the ratification of the said agreements, thus paving the way for today’s ceremony.

“With this sovereign act, which has been replicated in the United Arab Emirates by their responsible authorities, we are now in a position to utilise these agreements fully to foster cooperation between our respective authorities, particularly for the purpose of prosecuting the anti-corruption campaign of this government…

“It is my hope that these instruments which are signed today will reinvigorate the anti-corruption war and check the illicit flow of funds out of our country to other jurisdictions, improve national security, food security, boost our economic and tax regimes, and improve the overall well-being of our creative community.

“All agencies of government with roles to play under the respective treaties now ratified are hereby directed to ensure that they play their anticipated roles in an effective and responsible manner in order to ensure that we reap the full benefits of these agreements,” Buhari stated.

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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