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Publish Assets Recovered from Looters, Fayose Tells EFCC

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Ekiti State Governor Ayo Fayose.
  • Publish Assets Recovered from Looters, Fayose Tells EFCC

Ekiti State Governor, Mr. Ayodele Fayose, has told the federal government to publish all the properties it claimed to have recovered and their owners as well as buyers of the properties when they are eventually sold.

The governor, who said Nigerians were no longer interested in being governed with propaganda, said: “Nigerians want to know how many properties were recovered and who bought the properties. Who authorised the sale? Nigerians want details, not propaganda because most of these properties have been sold and resold.”

A statement yesterday by his Special Assistant on Public Communications, Lere Olayinka, Fayose said: “The federal government should create a website where all the properties recovered by the Economic and Financial Crimes Commission (EFCC) and to whom they were sold will be listed so that by one click, Nigerians will have information.”

The governor said it would be difficult to trust the EFCC reports on recovered looted funds and properties, asking; “How can Nigerians continue to trust the position of the same EFCC that said in April 2016 that the allegation of corruption against Code of Conduct Tribunal (CCT) Chairman, Danladi Umar, was mere suspicion and would be difficult to proof in court, but now charged that the same CCT chairman to court on the allegation it described as mere suspicion?

He said: “On November 23, 2017, Senator Emmanuel Paulker, the Chairman of the Senate committee investigating the botched reinstatement and promotion of the former Chairman the Presidential Task Force on Pensions, under the leadership of Ibrahim Maina, told Nigerians on the floor of the Senate that almost all the exotic properties recovered from alleged looters of pension funds had already been re-looted by officials of the EFCC.

“Last year November also, the Attorney General of the Federation, Abubakar Malami (SAN), while testifying before the National Assembly alleged that one of the properties recovered from alleged looters of pension funds was already sold to a Lagos lawyer.

“How are we now sure that the same people who re-looted the recovered pension loots have not also looted the recovered properties the resident said will be sold?’

Speaking further, Governor Fayose said: “The federal government cannot continue to tell Nigerians stories without background. The era of ‘baba has said’ is gone in Nigeria. The era of the president acting like a lord of manor is gone, we are in a democracy. Many people were blackmailed and coerced to surrender their properties. A typical case is the one on Malabu Oil where people have been scandalised, harassed and their names destroyed via media trial and the AGF now come out to say that there is no enough evidence to try them. What will now happen to the lies told against those people?

“The federal government should therefore publish and state clearly what has happened in the EFCC between 2006 and now. Nigerians need to know the recovered properties sold by Ibrahim Magu’s predecessor, Ibrahim Lamorde, and other previous EFCC chairmen. Those who bought them should be made public too.”

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

President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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Kagame Dominates Election with 99.15% of Votes Counted

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President Paul Kagame has taken a commanding lead in the Rwandan presidential election, securing 99.15% of the votes counted thus far, according to the National Electoral Commission.

The provisional results, reported by the state broadcaster Rwanda Broadcasting Agency, indicate a decisive victory for the Rwandan Patriotic Front candidate.

With 79% of the ballots tallied, Kagame’s overwhelming lead leaves his opponents trailing significantly.

Frank Habineza of the Democratic Green Party of Rwanda has garnered only 0.53% of the votes, while independent candidate Philippe Mpayimana has received 0.32%.

The voter turnout has been reported at an impressive 98%, underscoring the high level of public engagement in the electoral process.

The early results suggest a strong mandate for Kagame, who has been at the helm of Rwandan politics since 2000.

Kagame’s administration has been marked by significant economic growth and development, but it has also faced criticism for its stance on political dissent and freedom of expression.

Despite this, Kagame remains a highly popular figure in Rwanda, with many citizens crediting him for the country’s stability and progress.

The National Electoral Commission is expected to release the final results in the coming days. As the tallying continues, Kagame’s supporters have already begun celebrating his anticipated victory.

Analysts believe that Kagame’s likely re-election will provide continuity in Rwanda’s economic policies and development programs.

However, they also call for more inclusive governance and respect for political freedoms to ensure long-term stability and growth.

Kagame’s near-unanimous support in the early results reflects his entrenched position in Rwandan politics.

His ability to maintain such high levels of support will be a focal point of discussion in the aftermath of the election.

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Kenya Prepares for More Protests Over Unresolved Political Crisis

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Kenya is on the brink of another wave of anti-government protests as efforts to resolve the nation’s escalating political crisis appear to have stalled.

President William Ruto’s proposal for a national dialogue has yet to take off, leaving the nation in a state of heightened tension.

Activists have called for demonstrations across the East African nation on Tuesday, protesting the government’s failure to hold security forces accountable for the deaths of at least 41 people.

These casualties occurred during protests against Ruto’s contentious plan to raise taxes over the past month.

Despite the president’s announcement last week that national dialogue would commence on Monday to defuse the situation, progress has been elusive.

The main opposition party, the Orange Democratic Movement (ODM), expressed uncertainty regarding the proposed talks.

“We haven’t received any invitation,” ODM Secretary-General Edwin Sifuna stated. “When called, we’ll go because we are keen on getting broad-based reforms.”

A spokesperson for the presidency indicated that parliamentary leaders were managing the planned talks, but National Assembly majority leader Kimani Ichung’wah did not respond to requests for comment.

Protests initially erupted in mid-June over Ruto’s plans to increase taxes on essential goods, including bread and diapers, aiming to raise over $2 billion to reduce the government’s budget shortfall.

The public outcry forced Ruto to abandon the proposal, but dissatisfaction remains high.

Last week, in a dramatic move to quell public anger, Ruto fired almost all his cabinet members, underscoring the severity of the discontent.

The scrapping of the tax measures is expected to widen the government’s budget deficit to 3.6% of GDP in the current fiscal year, up from a previous projection of 3.3%.

This financial strain has not gone unnoticed; Moody’s Ratings downgraded Kenya’s rating by a step to Caa1, plunging it deeper into junk status, highlighting the country’s deteriorating fiscal condition.

On Saturday, Ruto vowed to hold accountable those responsible for the recent killings. However, his efforts to address public concerns seem insufficient to stem the tide of unrest.

On Monday, he called on the Ford Foundation, an organization promoting civic engagement, to clarify its role in the protests, though the foundation did not respond to requests for comment.

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