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National Assembly to Reconvene for INEC’s Budget

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  • National Assembly to Reconvene for INEC’s Budget

The leadership of the two chambers of the National Assembly may have resolved to reconvene the feral legislature next week, to consider the N242 billion budget proposal for the Independent National Electoral Commission (INEC) for the conduct of the 2019 general elections.

This was disclosed on Wednesday by the chairman of the INEC, Prof Mahmood Yakubu shortly after a closed door meeting with the leadership of the two chambers of the federal legislature.

Speaking earlier at the opening session of the meeting, Prof Yakubu said unless something is done urgently, INEC might miss the six-month window for the procurement of certain tools and equipment required for the conduct of the election.

According to him, to meet up with the six-month window, the required funds should be in the commission’s coffers by August 15, a day that the six months will start counting before the date for the first round of election.

The INEC chair further explained that of the N242 billion budget proposal, N164 billion was urgently needed by August 15, to enable the commission purchase the first batch of tools and equipment.

Yakubu said the INEC would make do with the initial N164 billion, while awaiting the remaining N78 million that would be processed later through a supplementary budget.

The INEC chair observed that this would be the first time since 1999 that the commission’s election budget would be subjected to scrutiny by the National Assembly.

He stated that in all the previous election circles, the commission used to get its funds on time for preparations and execution of its mandate.

While tabling the N242 billion INEC budget proposal before the legislature two weeks ago, President Muhammadu Buhari had requested the lawmakers to vire N164 billion of the estimate from funds already allocated to members’ constituency projects in the 2018 national budget.

It’s however unclear whether the lawmakers would be considering the INEC budget along the template suggested by the President.

Speaking earlier, the President of the Senate, Dr. Bukola Saraki, said the proposal from the President had not been acted upon by the Senate, stressing that the President’s letter conveying the proposal was only read to senators on the floor.

Sating that the document has yet to be referred to the appropriate standing committees of the Senate, Saraki said the leadership of the legislature would ensure that the matter gets resolved by next week.

On his part, the Speaker of the House of Representatives, Yakubu Dogara, said INEC’s budget ought not be presented through a “fire brigade” approach.

According to him, every Nigerian knew that the general elections would be coming up in February 2019 and so provisions for the INEC’s election budget ought to have been submitted alongside the 2019 national budget proposal.

The National Assembly leadership has yet to pick a definite date for the lawmakers to return to their duty posts for the purpose of addressing the matter.

The federal legislature had seen on its annual vacation since July 24 and expected to resume on September 25.

Spokesman of the Independent National Electoral Commission (INEC) National Chaorman Rotimi Oyekanmi also yesterday said the number of registered parties may rise to 85 from 68 before the elections.

He said: “Yes. There are 68 registered political parties at the moment and we have over 130 applications from associations seeking registration as political parties. Our projection is that we might end up with between 80 and 85 political parties before the 2019 general elections.”

He said out of this figure, 74 have failed the initial assessment of the suitability of their names and logos while 62 have passed the initial assessment. Nine (9) associations have undergone verification of their offices and proposed leadership while 16 are either awaiting verification or yet to supply supporting documents.

The INEC chief spokesman said despite the powers granted the commission by the electoral Act, it will be difficult to check the menace without the involvement of all the stakeholders.

According to him, “Indeed, Section 124 of the Electoral Act 2010 (as amended) identifies “Bribery and Conspiracy” as an offence and those who contravene it are liable upon conviction to 12 months imprisonment or a fine of N500,000 or both. However, INEC does not have the power to arrest offenders. But INEC wants all stakeholders to get involved in tackling this Voter Buying and Selling phenomenon. In any case, it is not a new thing, it only seems to be getting worse. Indeed, it is a threat to our democracy but it should not be INEC’s responsibility alone to tackle it.”

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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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Netanyahu

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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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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