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Buhari Returns to Nigeria Today After Vacation in London

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Buhari
  • Buhari Returns to Nigeria Today After Vacation in London

President Muhammadu Buhari is expected to return to Nigeria today after his latest vacation.

His Senior Special Assistant on Media and Publicity, Garba Shehu, confirmed this in an interview on Friday.

Shehu, however, said he could not confirm the exact time the President would arrive the country today.

“The President is expected back in the country tomorrow (Saturday).

“For now, I can’t confirm the exact time he will land but protocol officials will alert us on time ahead so that we can move to the airport to receive him. He will definitely arrive in the country on Saturday.”

Buhari had on August 3 started another round of vacation from Friday during which he remained in London, United Kingdom, throughout.

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, had in a statement on August 1 said Buhari would be away for 10 working days.

He said Vice-President Yemi Osinbajo would be the Acting President during the period.

The statement had read, “President Muhammadu Buhari begins a 10- working day holiday from August 3, 2018. In compliance with Section 145 (1) of the 1999 Constitution, a letter has been transmitted to the President of the Senate, and the Speaker, House of Representatives to that effect.

“While the President is on vacation, the Vice President will be in acting capacity as President.

“President Buhari will be in London for the holiday.”

While the President was away, Osinbajo had sacked the Director-General of the Department of State Services, Mr. Lawal Daura, and asked that Mr. Matthew Seiyefa, being the most senior officer, take over in acting capacity.

Daura’s sacking followed the invasion of the National Assembly by officials of the DSS.

Osinbajo had also, while Buhari was away, ordered the Inspector-General of Police, Ibrahim Idris, to overhaul the Special Anti-Robbery Squad following public outcry over the activities of the police unit.

Meanwhile, Buhari on Friday rejoiced with the founder and Chairman of Honeywell Group, Ayoola Oba Otudeko, who turns 75 on Saturday.

In a statement by Adesina, the President saluted the business magnate “for his vision, wisdom and dexterity in setting up businesses that cut across the oil and gas industry, flour mills, hospitality and transportation, providing services and employment that strengthen the Nigerian economy.”

The statement read in part, “As Oba Otudeko celebrates his 75th birthday, the President shares the joyful time with members of his family, friends and community of business colleagues, acknowledging his many contributions to the development of the country through wise counsels to governments and willingness to serve on boards and committees that are focused on steering and buoying the economy.

“President Buhari extols the warm heartedness and magnanimity of the business mogul for setting up the Oba Otudeko Foundation, which provides for the less privileged members of the society and inspires start-ups, especially among the youth.

“The President prays that the almighty God will continue to strengthen Oba Otudeko, grant him longer life and more wisdom to keep expanding his investments in the country and beyond.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

COVID-19 Vaccine: African Export-Import Bank (Afrexim) to Purchase 270 Million Doses for Nigeria, Other African Nations

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African Export-Import Bank (Afrexim) Approves $2 Billion for the Purchase of 270 million Doses for African Nations

African Export-Import Bank (Afrexim) said it has approved $2 billion for the purchase of 270 million doses of COVID-19 vaccines for African nations, including Nigeria.

Prof. Benedict Oramah, the President of the Bank, disclosed this at a virtual Africa Soft Power Series held on Tuesday.

He, however, stated that the lender is looking to raise more funds for the COVID-19 vaccines’ acquisition.

He said: “The African Union knows that unless you put the virus away, your economy can’t come back. If Africa didn’t do anything, it would become a COVID-19 continent when other parts of the world have already moved on.
“Recall that it took seven years during the heat of HIV for them to come to Africa after 12 million people had died.

“With the assistance of the AU, we were able to get 270 million vaccines and financing need of about $2 billion. Afreximbank then went ahead to secure the $2 billion. But that money for the 270 million doses could only add 15 per cent to the 20 per cent that Covax was bringing.

He added that this is not the time to wait for handouts or free vaccines as other countries will naturally sort themselves out before African nations.

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China Calls for Better China-U.S. Relations

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China Calls for China-U.S. Relations

Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged bilateral relationship.

Wang, a Chinese state councillor and foreign minister, said Beijing stood ready to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump.

Wang called on Washington to remove tariffs on Chinese goods and abandon what he said was an irrational suppression of the Chinese tech sector, steps he said would create the “necessary conditions” for cooperation.

Before Wang spoke at a forum sponsored by the foreign ministry, officials played footage of the “ping-pong diplomacy” of 1972 when an exchange of table tennis players cleared the way for then U.S. President Richard Nixon to visit China.

Wang, a Chinese state councillor and foreign minister, said Beijing stood ready to reopen constructive dialogue with Washington after relations between the two countries sank to their lowest in decades under former president Donald Trump.

Wang called on Washington to remove tariffs on Chinese goods and abandon what he said was an irrational suppression of the Chinese tech sector, steps he said would create the “necessary conditions” for cooperation.

Before Wang spoke at a forum sponsored by the foreign ministry, officials played footage of the “ping-pong diplomacy” of 1972 when an exchange of table tennis players cleared the way for then U.S. President Richard Nixon to visit China.

Wang urged Washington to respect China’s core interests, stop “smearing” the ruling Communist Party, stop interfering in Beijing’s internal affairs and stop “conniving” with separatist forces for Taiwan’s independence.

“Over the past few years, the United States basically cut off bilateral dialogue at all levels,” Wang said in prepared remarks translated into English.

“We stand ready to have candid communication with the U.S. side, and engage in dialogues aimed at solving problems.”

Wang pointed to a recent call between Chinese President Xi Jinping and U.S. President Joe Biden as a positive step.

Washington and Beijing have clashed on multiple fronts including trade, accusations of human rights crimes against the Uighur Muslim minorities in the Xinjiang region and Beijing’s territorial claims in the resources-rich South China Sea.

The Biden administration has, however, signalled it will maintain pressure on Beijing. Biden has voiced concern about Beijing’s “coercive and unfair” trade practices and endorsed of a Trump administration determination that China has committed genocide in Xinjiang.

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U.S. Supreme Court Allows Release of Trump Tax Returns

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President Trump Signs Executive Order In Oval Office Of The White House

U.S. Supreme Court Allows Release of Trump Tax Returns

The U.S. Supreme Court on Monday paved the way for a New York City prosecutor to obtain former President Donald Trump’s tax returns and other financial records as part of a criminal investigation, a blow to his quest to conceal details of his finances.

The justices without comment rebuffed Trump’s request to put on hold an Oct. 7 lower court ruling directing the former Republican president’s longtime accounting firm, Mazars USA, to comply with a subpoena to turn over the materials to a grand jury convened by Manhattan District Attorney Cyrus Vance, a Democrat.

“The work continues,” Vance said in a statement issued after the court’s action.

Vance had previously said in a letter to Trump’s lawyers that his office would be free to immediately enforce the subpoena if the justices rejected Trump’s request.

A lawyer for Trump did not immediately respond to a request for comment.

The Supreme Court, which has a 6-3 conservative majority included three Trump appointees, had already ruled once in the dispute, last July rejecting Trump’s broad argument that he was immune from criminal probes as a sitting president.

Unlike all other recent U.S. presidents, Trump refused during his four years in office to make his tax returns public. The data could provide details on his wealth and the activities of his family real-estate company, the Trump Organization.

Trump, who left office on Jan. 20 after being defeated in his Nov. 3 re-election bid by Democrat Joe Biden, continues to face an array of legal issues concerning his personal and business conduct.

Vance issued a subpoena to Mazars in August 2019 seeking Trump’s corporate and personal tax returns from 2011 to 2018. Trump’s lawyers sued to block the subpoena, arguing that as a sitting president, Trump had absolute immunity from state criminal investigations.

The Supreme Court in its July ruling rejected those arguments but said Trump could raise other objections to the subpoena. Trump’s lawyers then argued before lower courts that the subpoena was overly broad and amounted to political harassment, but U.S. District Judge Victor Marrero in August and the New York-based 2nd U.S. Circuit Court of Appeals in October rejected those claims.

Vance’s investigation, which began more than two years ago, had focused on hush money payments that the president’s former lawyer and fixer Michael Cohen made before the 2016 election to two women – adult-film actress Stormy Daniels and former Playboy model Karen McDougal – who said they had sexual encounters with Trump.

In recent court filings, Vance has suggested that the probe is now broader and could focus on potential bank, tax and insurance fraud, as well as falsification of business records.

In separate litigation, the Democratic-led U.S. House of Representatives was seeking to subpoena similar records. The Supreme Court in July sent that matter back to lower courts for further review.

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