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Power Brokers Start to Gear Up for Nigeria’s 2019 Elections

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  • Power Brokers Start to Gear Up for Nigeria’s 2019 Elections

As Nigeria begins to gear up for general elections in February 2019, five senior politicians appear to be key players in Africa’s top oil producer.

President Muhammadu Buhari, a 74-year-old former military ruler, will start as one of the favorites if he seeks re-election after becoming the first opposition candidate to win power in Nigeria’s history in 2015. A health scare this year — he spent more than five months in London receiving treatment for an undisclosed medical ailment — convinced some observers that he wouldn’t serve more than one term. But he returned in August with renewed vigor, regularly traveling on official trips both at home and abroad.

Buhari has pledged to boost investments to spur growth after presiding over an economic recession, exacerbated by falling crude prices and production and a currency policy that starved factories, airlines and fuel importers of dollars. While his administration has slowed the advance of Islamist militants in the northeast, it faces renewed unrest in the oil-rich Niger River delta and the southeast, where secessionist sentiments are on the rise.

To win again, he’ll need to rebuild the coalition that formed the ruling All Progressives Congress and guaranteed him votes in his northern base and large parts of the southwest and center.

Former Vice President Atiku Abubakar, 71, effectively signaled he’s considering another run for the presidency when he announced in November that he was leaving the ruling APC, accusing it of imposing a “draconian clampdown on all forms of democracy.” A few days later, he rejoined the opposition People’s Democratic Party, which he had previously quit twice to pursue his presidential ambitions elsewhere.

Abubakar has been a presidential aspirant in three different parties since Nigeria returned to democratic rule in 1999. He lost to Buhari in the APC primaries but supported him as the candidate.

A former Nigerian Customs Service top official who became a major shareholder in Intels Nigeria Ltd., an oil-service company, he favors regional autonomy and power devolution, a stance that has popular appeal particularly in southern Nigeria.

Senate President Bukola Saraki, 54, is Nigeria’s third-most powerful person after Buhari and his deputy, Yemi Osinbajo. A U.K.-trained medical doctor from a renowned political family, his reputation as a ruthless strategist rose after his preferred candidate defeated his sister, who was backed by their father, Abubakar Olusola Saraki, in a state gubernatorial election in 2011.

Though an APC member, he orchestrated his way to head the senate with support from the opposition PDP against the wishes of several of his party leaders, including Buhari.

Saraki has expressed interest in the past in running for president, but hasn’t said if he plans to stand in 2019. Even if Saraki chooses not to, those seeking the presidency will likely need his support.

Bola Ahmed Tinubu, 65, is a former governor of the commercial hub of Lagos state who’s widely seen as the man who made Buhari’s election victory possible by delivering to him the bulk of votes from the southwest, home to one of the nation’s three biggest ethnic groups, the Yoruba people. He may well determine if Buhari wins a new term. While he’s believed to harbor presidential ambitions of his own, he’s been more influential as a kingmaker.

In 2011, Tinubu’s support helped then President Goodluck Jonathan defeat Buhari, and four years later he helped Buhari beat Jonathan. His Action Congress and Buhari’s Congress for Progressive Change fused to form the core of the ruling APC. Their relationship soured after Buhari failed to include some of his choices in the cabinet.

In recent months Buhari’s relationship with Tinubu has warmed, holding several meetings with him at the presidency and making a public show of taking him along as a member of his delegation to the European Union-Africa Union summit in the Ivory Coast in November. In the past, Tinubu has also been allied to Abubakar, and it’s not clear at this point which one of them may get his backing — his decision could be crucial to the outcome of the 2019 vote.

Vice President Yemi Osinbajo, 60, is largely seen as a protege of Tinubu, under whom the former law professor served as attorney general of Lagos state. When Buhari and Tinubu decided that as two Muslims it would be impolitic for them to be on the same ticket, Osinbajo, a Christian, was tapped for the post.

When he was acting president during Buhari’s medical leave, Osinbajo showed great tact negotiating the delicate contours of Nigerian politics, winning the respect of the business community by focusing on their challenges.

He’s also part of one of Nigeria’s biggest political families. His wife, Oludolapo, is the grand-daughter of Obafemi Awolowo, the biggest political leader of ethnic Yorubas in the modern era, a vote-winning name in the key southwestern region. He hasn’t said if he’d be interested in seeking the presidency.

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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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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