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Counting Under Way in Liberia Presidential Run-off

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George Weah
  • Counting Under Way in Liberia Presidential Run-off

Vote counting was under way in Liberia on Wednesday following a peaceful run-off election for a new president, pitting former international footballer George Weah against Vice-President Joseph Boakai.

Voters were choosing a successor to President Ellen Johnson Sirleaf, who is stepping down after 12 years as Africa’s first elected female head of state.

Results of Tuesday’s vote are expected in a few days, in what would be the West African country’s first democratic transition since 1944, according to electoral officials.

The ballot was delayed for seven weeks due to legal challenges lodged by Boakai’s Unity Party against the electoral commission over the conduct of the first round of voting, but many of the complaints appeared to have been addressed in the second round.

The Liberia Elections Observation Network, which had more than 1,000 observers stationed across the country, hailed a vote it said had passed calmly with better organisation than the first poll on October 10, as did observers from the European Union.

Former Nigerian president Goodluck Jonathan, who served as an electoral observer for the US-based National Democratic Institute (NDI), said a successful resolution to the process was of particular importance within the international community.

“This transition is critical and if we succeed, if Liberia succeeds, West Africa succeeded and Africa succeeded,” he said.

“There has been no major incident to report of a technical nature and the voting was peaceful,” noted electoral commission chief Francis Korkoya.

But with the vote held the day after Christmas, some national and international observers warned that turnout may have been affected.

As Liberia’s most famous son, Weah attracts huge crowds and has a faithful youth following in a country where a fifth of the electorate is aged between 18 and 22. But he has been criticised for his performance in the Senate, where he has served since 2014.

Weah, 51, starred in top-flight European football teams Paris Saint-Germain and AC Milan in the 1990s before playing briefly for Chelsea and Manchester City later in his career.

His rival, Boakai, 73, is seen as a continuity candidate and has won praise for his years of public service and image as a corruption-free family man, while fending off allegations he failed to tackle poverty while in government.

– From pitch to palace? –

Weah topped the first round of voting with 38.4 percent while Boakai came second with 28.8 percent. That triggered a run-off as neither made it past the 50 percent needed to win outright.

“I voted for George Weah because he is the one who will bring the change we have been waiting for in this country,” declared supporter John Momoh after casting his ballot on Tuesday.

Victoria Blamoh, 56, told AFP she voted for Boakai’s “experience of leadership”, explaining: “He has been in government for 12 years, so he knows the ins and outs of it.”

Whoever wins the election faces an economy battered by lower commodity prices for its main exports of rubber and iron ore, and a rapidly depreciating currency.

Sirleaf guided the nation out of ruin following back-to-back 1989-2003 civil wars and through the horrors of the 2014-16 Ebola crisis, but is accused of failing to combat poverty and tackle corruption.

Living standards in Liberia remain among the worst in the world.

Weah has polled well in Bong county, the fiefdom of Liberian warlord and former president Charles Taylor and his ex-wife, Jewel Howard-Taylor, who is the former footballer’s vice-presidential pick, attracting controversy to his campaign.

Charles Taylor is serving a 50-year sentence in Britain for war crimes committed in neighbouring Sierra Leone, but his presence has loomed large over the election.

AFP

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Ukraine Strikes Russian Fuel Depot, Sparking Fires in Belgorod Region

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Russian Mercenaries

The governor of Russia’s southern Belgorod region said on Sunday Ukrainian forces attacked a fuel depot, triggering a series of fires after Moscow and Kyiv accused each other of launching overnight attacks on border regions.

“The Ukrainian military, aided by lethal drones, attacked a fuel storage site in Volokonovsky district,” Vyacheslav Gladkov wrote on Telegram, referring to an area near the border.

“Several reservoirs caught fire in an explosion. Firefighting crews are putting out the blaze.”

Gladkov also reported drone attacks on three other localities. There were no casualties reported in the incidents.

In the overnight air attacks, Ukrainian officials said two people died and four were injured in Sumy region. Gladkov reported three civilians were injured in Belgorod.

Two children were among those injured in Sumy, the military administration of the northeastern Ukrainian region said on Sunday on Telegram. Several homes and cars were damaged.

In Belgorod region, three civilians, including two children, were injured. Gladkov said two residential buildings were destroyed and more than 15 buildings in total were damaged.

The Russian defence ministry said it had destroyed one drone over Belgorod region and another over Kursk region, where Ukrainian forces launched a cross-border incursion last month. It said two drones were intercepted over Belgorod overnight.

Border regions on both sides have been subject to frequent attacks. Both Moscow and Kyiv deny targeting civilians, saying the attacks are aimed at destroying each other’s infrastructure critical to war efforts.

Thousands of civilians have died in the war, which Russia started with a full-scale invasion on Ukraine in February 2022. Millions of Ukrainians have also been displaced, while their cities and villages have become piles of rubble

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Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

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ghana

The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

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Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

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Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

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