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Nigeria Mourns Politician Par Excellence, Alex Ekwueme

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  • Nigeria Mourns Politician Par Excellence, Alex Ekwueme

Monday was a day of mourning nationwide when word got out that Nigeria’s first Executive Vice-President, Dr. Alexander Ifeanyichukwu Ekwueme, had passed on at a London hospital on Sunday night at the age of 85.

A man of notable intellect and academic accomplishments, Ekwueme who made his mark as a foremost architect, businessman and later politician was the country’s vice-president from October 1, 1979 to December 31, 1983, when the Second Republic headed by former President Shehu Shagari was overthrown in a bloodless military coup spearheaded by then Major-Gen. Muhammadu Buhari.

The irony is that it was the same Buhari, as president, who ordered that Ekwueme be flown overseas for medical attention late last month after he suffered what his family described as a chest infection and slipped into a coma in Enugu where he had resided.

Confirming his passing Monday, a statement by his family and signed by his brother and traditional ruler of Oko community in Anambra State, Igwe Laz Ekwueme, said that the former vice-president died at 10 p.m. on Sunday.

The statement said: “Ekwueme family regrets to announce the peaceful passing away of their patriarch, the former Vice-President of the Federal Republic of Nigeria Dr. Alex Ifeanyichukwu Ekwueme, GCON.

“The sad event occurred at the London Clinic at 10:00 pm on Sunday 19th November 2017.”
Reacting to his demise, Buhari immediately sent condolences to Nigerians and to the government and people of Anambra State, on the passing away of Ekwueme.

A statement by Buhari’s spokesperson, Femi Adesina said the president “commiserates with the entire Oko Kingdom, the Aguata Council of Traditional Rulers, and the Ekwueme family, over the loss of the family’s patriarch, whose regular counsel on national issues and mediations for peaceful co-existence would be sorely missed”.

The president said Ekwueme’s unwavering commitment to the unity of Nigeria had been a major encouragement to many governments, recalling the personal sacrifices he made in helping to lay the foundation for sustainable democracy in Nigeria.

“President Buhari believes Dr. Ekwueme worked assiduously to improve the livelihood of many poor and underprivileged people through the Alex Ekwueme Foundation, describing him as a man who served his country and humanity.

“The president prayed that the Almighty God will receive the soul of the former vice-president, and grant his family the fortitude to bear the loss,” the statement said.

Similarly, Second Republic President, Alhaji Shehu Shagari, who was Ekwueme’s boss, Monday commiserated with Nigerians over the death of the former vice-president.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

China Calls for Better China-U.S. Relations

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China Calls for China-U.S. Relations

Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship.

Wang, a Chinese state councillor and foreign minister, said Beijing stood ready to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump.

Wang called on Washington to remove tariffs on Chinese goods and abandon what he said was an irrational suppression of the Chinese tech sector, steps he said would create the “necessary conditions” for cooperation.

Before Wang spoke at a forum sponsored by the foreign ministry, officials played footage of the “ping-pong diplomacy” of 1972 when an exchange of table tennis players cleared the way for then U.S. President Richard Nixon to visit China.

Wang, a Chinese state councillor and foreign minister, said Beijing stood ready to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump.

Wang called on Washington to remove tariffs on Chinese goods and abandon what he said was an irrational suppression of the Chinese tech sector, steps he said would create the “necessary conditions” for cooperation.

Before Wang spoke at a forum sponsored by the foreign ministry, officials played footage of the “ping-pong diplomacy” of 1972 when an exchange of table tennis players cleared the way for then U.S. President Richard Nixon to visit China.

Wang urged Washington to respect China’s core interests, stop “smearing” the ruling Communist Party, stop interfering in Beijing’s internal affairs and stop “conniving” with separatist forces for Taiwan’s independence.

“Over the past few years, the United States basically cut off bilateral dialogue at all levels,” Wang said in prepared remarks translated into English.

“We stand ready to have candid communication with the U.S. side, and engage in dialogues aimed at solving problems.”

Wang pointed to a recent call between Chinese President Xi Jinping and U.S. President Joe Biden as a positive step.

Washington and Beijing have clashed on multiple fronts including trade, accusations of human rights crimes against the Uighur Muslim minorities in the Xinjiang region and Beijing’s territorial claims in the resources-rich South China Sea.

The Biden administration has, however, signalled it will maintain pressure on Beijing. Biden has voiced concern about Beijing’s “coercive and unfair” trade practices and endorsed of a Trump administration determination that China has committed genocide in Xinjiang.

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U.S. Supreme Court Allows Release of Trump Tax Returns

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President Trump Signs Executive Order In Oval Office Of The White House

U.S. Supreme Court Allows Release of Trump Tax Returns

The U.S. Supreme Court on Monday paved the way for a New York City prosecutor to obtain former President Donald Trump’s tax returns and other financial records as part of a criminal investigation, a blow to his quest to conceal details of his finances.

The justices without comment rebuffed Trump’s request to put on hold an Oct. 7 lower court ruling directing the former Republican president’s longtime accounting firm, Mazars USA, to comply with a subpoena to turn over the materials to a grand jury convened by Manhattan District Attorney Cyrus Vance, a Democrat.

“The work continues,” Vance said in a statement issued after the court’s action.

Vance had previously said in a letter to Trump’s lawyers that his office would be free to immediately enforce the subpoena if the justices rejected Trump’s request.

A lawyer for Trump did not immediately respond to a request for comment.

The Supreme Court, which has a 6-3 conservative majority included three Trump appointees, had already ruled once in the dispute, last July rejecting Trump’s broad argument that he was immune from criminal probes as a sitting president.

Unlike all other recent U.S. presidents, Trump refused during his four years in office to make his tax returns public. The data could provide details on his wealth and the activities of his family real-estate company, the Trump Organization.

Trump, who left office on Jan. 20 after being defeated in his Nov. 3 re-election bid by Democrat Joe Biden, continues to face an array of legal issues concerning his personal and business conduct.

Vance issued a subpoena to Mazars in August 2019 seeking Trump’s corporate and personal tax returns from 2011 to 2018. Trump’s lawyers sued to block the subpoena, arguing that as a sitting president, Trump had absolute immunity from state criminal investigations.

The Supreme Court in its July ruling rejected those arguments but said Trump could raise other objections to the subpoena. Trump’s lawyers then argued before lower courts that the subpoena was overly broad and amounted to political harassment, but U.S. District Judge Victor Marrero in August and the New York-based 2nd U.S. Circuit Court of Appeals in October rejected those claims.

Vance’s investigation, which began more than two years ago, had focused on hush money payments that the president’s former lawyer and fixer Michael Cohen made before the 2016 election to two women – adult-film actress Stormy Daniels and former Playboy model Karen McDougal – who said they had sexual encounters with Trump.

In recent court filings, Vance has suggested that the probe is now broader and could focus on potential bank, tax and insurance fraud, as well as falsification of business records.

In separate litigation, the Democratic-led U.S. House of Representatives was seeking to subpoena similar records. The Supreme Court in July sent that matter back to lower courts for further review.

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Ahmed Kuru, Hassan Confirm as AMCON, NDIC MDs

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AMCON

Ahmed Kuru, Hassan Confirm as AMCON, NDIC MDs

The Senate has confirmed both Ahmed Kuru and Bello Hassan as the Managing Directors of the Asset Management Corporation of Nigerian (AMCON) and the Nigeria Deposit Insurance Corporation, respectively.

The two were confirmed after careful consideration of two separate reports of the Senate Committee on Banking, Insurance and Other Financial Institutions.

Also, the Senate confirmed Ebelechukwu Uneze and Aminu Ismail as executive directors of AMCON; and Muhammad Ibrahim as Executive Director of the NIDC.

Senator Uba Sani, the Chairman of the Committee on Banking, Insurance and Other Financial Institutions, said Kuru was confirmed as the MD of the AMCON in 2015.

He said, “The Corporation saw tremendous and tangible transformation and performance in effectively discharging its mandate during his first tenure through the introduction of new policies and frameworks.

“Strategically under his leadership, AMCON partnered investors and operators for value-enhanced exit of its portfolio companies, as well as the introduction and implementation of the Asset Management Partners scheme to assist with the resolution of small loans which in turn created over 3000 jobs both directly and indirectly.

“He also championed the creation of the Asset Tracing Unit which has led to more extensive discovery of assets and subsequent recovery of indebtedness while simultaneously having proactive negotiations with debt holders to achieve prompt and optimal settlements,” the lawmaker said.

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