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North Korea Launches Three Short-Range Ballistic Missiles

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  • North Korea Launches Three Short-Range Ballistic Missiles

North Korea fired three short-range ballistic missiles on Saturday morning, a move that came after Kim Jong Un’s regime strongly criticized U.S.-South Korea joint military drills.

U.S. Pacific Command said Saturday afternoon that two of the missiles flew 250 kilometers (155 miles), clarifying an earlier statement that an initial assessment had indicated they failed in flight. The other appeared to have blown up immediately.

The launches occurred near Kittaeryong in eastern North Korea, with the first fired at 6:49 a.m. local time. Military authorities said they didn’t pose a threat to North America or Guam.

The missile tests come shortly after Secretary of State Rex Tillerson praised North Korea for showing some restraint and suggested that dialogue could take place soon. While the launch violates United Nations resolutions, short-range rockets are generally seen as less provocative than tests of intercontinental ballistic missiles that could deliver a nuclear device to the continental U.S.

“The North felt compelled to do something after Tillerson’s statement about them showing restraint,” Ralph Cossa, president of the Pacific Forum CSIS in Honolulu, said by email. “They certainly don’t want to give the impression they are backing down in the face of U.S. threats (even if they ultimately do so).”

Guam Warning

The U.S. and its allies had also warned Kim against following through with a threat to launch missiles toward Guam, home to key American military bases in the Pacific. Japan earlier this month deployed four Patriot missile interceptors into the western part of the country, which would be under the flight path toward the U.S. territory.

North Korea has conducted more than a dozen missile tests this year, including two ICBMS, leading to a war of words earlier this month between U.S. President Donald Trump and Kim’s regime that rattled global markets. Tensions cooled in recent weeks, with Trump saying Tuesday that Kim was beginning to respect the U.S.

Trump had been informed of the latest tests and “we are monitoring the situation,” White House Press Secretary Sarah Huckabee Sanders said.

Korea Tensions

South Korea planned to hold a national security council meeting on Saturday morning. South Korea’s Joint Chief of Staff said that the projectiles shot on Saturday flew in a northeasterly direction.

Kim’s provocations are a headache for South Korea’s new President Moon Jae-in, who won office in May pledging to engage with the regime to help bring peace to the peninsula. Moon said in a Berlin speech last month that he was willing, under the right circumstances, to meet Kim “anytime, anywhere.”

North Korea has yet to respond to an offer by Moon to seek a deal by 2020 to bring about the “complete denuclearization” of the isolated nation in return for a peace treaty that would guarantee the survival of Kim’s regime. It has strongly criticized military exercises led by the U.S. and South Korea that run through the end of the month.

Earlier this month, the United Nations Security Council voted unanimously to tighten sanctions on North Korea, targeting about a third of the nation’s roughly $3 billion in exports. Kim’s regime has said it won’t give up its nuclear weapons and missile program until the U.S. drops its “hostile” policies.

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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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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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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