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Osinbajo: Nigerian Democracy is Still Work in Progress

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  • Osinbajo: Nigerian Democracy is Still Work in Progress

The Vice President, Prof. Yemi Osinbajo, has said Nigerian democracy has remained work in progress that requires concerted efforts and selfless leadership to achieve the desired results and dividends.

Osinbajo stated this yesterday at the inaugural flagship lecture of the Kukah Centre, held at the Shehu Yar’Adua Conference Centre, Abuja.

The event had President Nana Akufo-Addo of Ghana and Nigeria’s former Head of State, General Yakubu Gowon (rtd), in attendance.

Other dignitaries who attended the event include: the host and founder of Kukah Centre and Bishop of Sokoto Diocese, Most Reverend Matthew Hassan Kukah, Governor Abubakar Atiku-Bagudu of Kebbi State, and Bishop Godfrey Onah of Nsukka Diocese, Diocese, South-east.

Speaking further, the vice president however, noted that democracy like in all countries, including the oldest democracies, keep on throwing up new challenges and raising “the biggest lessons of recent years.”

He said: “As elections and referenda threw up now and then unprecedented scenarios across the world; the narrowness of the Brexit vote for example and the way it has subsequently divided the United Kingdom and the electoral rise of populist right wing and even extremist tendencies are all examples of great threats to democracy.”

Osinbajo while citing the 2017 Annual Democracy Index of the Economist Intelligence Unit (EIU), said no region of the world recorded improvement in “its average score since 2016 as countless countries grapple with increasingly divided electorate.

“So, it’s clear that across the world, democracy is on somewhat turbulence trajectory. But for Africa, the challenges to democracy pose a graver threat because of the historic failure to invest, in my view, sufficiently, in nation building and state building.”

According to the vice president, many of the parochial and ethnic tensions that have tended to create insecurity and outright conflict in most African countries were largely on account of the failure to deliberately undertake nation building efforts by the political elite.

“The elite, it appears, prefer the status quo which sets the lowest possible bar for political advancement. Identity politics that emphasises where leaders come from has been the paradigm through which most issues are analysed,” he noted.

Osinbajo also called for the strengthening of institutions to ensure the rule of law and quick dispensation of justice was imperative for security and peace of African nations.

To achieve this, he challenged the African leadership elite to take more deliberate actions towards nation building, saying that they have run out of excuses.

“We can no longer go on with the African exceptionalism, which we have seen time and time again and which we have heard time and time again; that there’s a different rule for Africa or that a different rule applies to Africa,” he said.

According to him, Africans expect their leaders to deliver on their promises to them on the basic things needed for peace, stability and unity of nations.

“The people of our nations expect us to deliver on the important promises that politicians make, which is delivering social goods, ensuring that our youth population which is ever growing are able to get jobs, ensuring that there’s rule of law and that there is security. These are issues that remain prominent everywhere in Africa,” he explained.

Also speaking, Gowon said democracy was being deepened in Ghana and Nigeria with peaceful elections in 2016 and 2015.

In the same vein, the Senate President, Bukola Saraki, represented by Senator Monsurat Sunmonu, also spoke, stating the oversight functions of the National Assembly in checking excesses in government.

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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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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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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