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FG to Reveal Account Details of IPOB Sponsors

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Nnamdi Kanu
  • FG to Reveal Account Details of IPOB Sponsors

The Federal Government will be giving the French Government account details of the sponsors of terrorist group, Indigenous People of Biafra.

The Nigerian Government had through the Minister of Information and Culture, Alhaji Lai Mohammed, said that France was the headquarters of IPOB’s funding. But the European country on Thursday said it had no knowledge of IPOB’s presence in France.

But a very senior government official said the Federal Government had reached out to France, explaining that it did not accuse the country of being the sponsors of Biafra but that a large transfer of funds were made regularly from France to IPOB in Nigeria.

It was learnt that the Federal Government had asked the Nigerian Financial Intelligence Unit and the Central Bank of Nigeria to compile the needed information on the sponsors and it hand it over to the French government.

The government will also write the Special Control Unit against Money Laundering, which is tasked with the mandate of supervising, monitoring and regulating Designated Non-Financial Institutions as regards compliance to Nigeria’s Anti-Money Laundering and Combating the Financing of Terrorism.

The source, who pleaded anonymity because he was not authorised by the government to speak on the issue yet, said, “The French Government has reached out to us over the IPOB matter. It said we should give it account details and any other evidence showing that France was where the majority of the money was coming from.

“So, the government has accepted that challenge and we will be instructing the NFIU, SCUML and the CBN to hand over all the details of IPOB’s funding to us in one comprehensive report which will be submitted to the French Government.

“Since IPOB has been declared a terrorist organisation by a court in Nigeria, the French Government, which claims to be against Nigeria’s break-up, is expected to give us maximum cooperation.”

According to the government other countries from which IPOB also received huge cash inflows include: Turkey, Senegal, Malaysia, Hong Kong, United Kingdom and the United States.

The operative said reports would also be given to the aforementioned countries.

He added, “Before his arrest, Nnamdi Kanu had appealed to people of Igbo extraction in some of these countries to provide him with funds which would be used in buying weapons and bringing down the Nigerian Government.

“In a video, which has even gone viral on Youtube, Kanu said he needed guns. This is not hearsay.

“We will also be writing these countries informing them of the need to ensure that IPOB’s source of funding is traced and blocked.”

In a related development, the Federal Government has said that sponsors of the proscribed IPOB are now afraid.

It also said it had evidence that those sponsoring the organisation were those undergoing investigation or those that were politically disgruntled, but that it would not give out their names.

Mohammed stated this in an interview with our correspondent in Abuja on Friday.

He said that discerning Nigerians would know those behind the funding of the organisation.

The minister had earlier accused corrupt and disgruntled politicians of being behind IPOB, adding that the plan of the sponsors was to return to power in 2019 with the intention to continue with the looting of the treasury.

However, the main opposition party, the Peoples Democratic Party, replied the minister and asked the government to name the sponsors.

But Mohammed said the claim by the PDP was not true, adding that only the guilty were afraid.

He said, “Only the guilty are afraid. We have said it. You don’t need rocket science to know that those who are facing investigations are those who don’t want the government to succeed.

“They hold on to any platform to derail the Federal Government. It is not when we release their names. We know those who are sponsoring IPOB belong to these two groups. These are those who are politically disgruntled and those who are treasury looters. So, it is not when we start mentioning names.”

The minister added that the government was already handling the issues surrounding the allegations he made against France and the United Kingdom.

While he alleged that France was the headquarters of IPOB and where its sponsors were based, he said that Radio Biafra was located in the United Kingdom.

Both countries have however denied the minister’s claim. Mohammed said that Nigeria was already handling the issue at the diplomatic level.

“It is a diplomatic matter and we are handling it at that level,” he said.

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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Government

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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