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Saudi Crown Prince Behind Khashoggi Murder – US CIA

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  • Saudi Crown Prince Behind Khashoggi Murder – US CIA

The US Central Intelligence Agency has concluded Saudi Arabia’s powerful Crown Prince Mohammed bin Salman was behind the killing of journalist Jamal Khashoggi, US media reported Friday, citing people close to the matter.

The US assessment directly contradicts the conclusions of a Saudi prosecutor one day prior, which exonerated the prince of involvement in the brutal murder.

But The Washington Post, which broke the story, said the CIA found that 15 Saudi agents flew on government aircraft to Istanbul and assassinated Khashoggi in the Saudi consulate.

Queried by AFP, the CIA declined to comment.

Khashoggi, a Post columnist, had gone to the consulate to obtain documents necessary to marry his Turkish fiancee.

Saudi Arabia — which quickly dismissed the reported CIA findings — has repeatedly changed its official narrative of the October 2 murder, first denying any knowledge of Khashoggi’s whereabouts and later saying he was killed when an argument degenerated into a fistfight.

In the latest version presented by the Saudi prosecutor on Thursday, a 15-member squad was formed to bring Khashoggi back from Istanbul “by means of persuasion” — but instead ended up killing the journalist and dismembering his body in a “rogue” operation.

The CIA examined multiple intelligence sources, the Post said, among them a phone call between the prince’s brother — the Saudi ambassador to the United States — and Khashoggi.

The ambassador reportedly told the late journalist that he would be safe to go to the consulate in Istanbul and get the papers he needed.

– ‘Some things you can’t do’ –
But a Saudi embassy spokesperson said that Ambassador Khalid bin Salman had never discussed “anything related to going to Turkey” with Khashoggi.

“Amb Prince Khalid bin Salman has never had any phone conversations with (Khashoggi),” the statement posted on the ambassador’s Twitter account said.

“The claims in this purported assessment is false,” it said.

The US intelligence agency also said in determining the crown prince’s role it considered him a “de facto ruler” of Saudi Arabia: “The accepted position is that there is no way this happened without him being aware or involved,” the Post quoted an official as saying.

That official dubbed Prince Mohammed a “good technocrat” — but also someone unpredictable who “goes from zero to 60, doesn’t seem to understand that there are some things you can’t do.”

The New York Times later reported that the CIA findings were also based on calls from the kill team to one of the crown prince’s senior aides.

But the paper said that while the intercepts showed Prince Mohammed was working to lure Khashoggi to Saudi Arabia, the crown prince had not said in the calls that he wanted Khashoggi killed.

The Times cited officials as saying US and Turkish intelligence so far have not found direct evidence connecting the prince to Khashoggi’s killing.

Following the reports, US Vice President Mike Pence on Saturday said Washington “is determined to hold all of those accountable who are responsible for that murder.”

On the sidelines of an APEC summit in Papua New Guinea, Pence described the Saudi journalist’s killing as an “atrocity” and an “affront to a free and independent press” but declined to comment on classified information.

The CIA conclusions threaten to further fray relations between Washington and longtime ally Riyadh, which has sought to end discussion of the murder and rejected calls for an international investigation.

“We are going to follow the facts,” said Pence.

But he added the US wanted to find a way of preserving a “strong and historic partnership” with Saudi Arabia.

On Thursday, the US Treasury imposed sanctions on 17 people, including close aides of Prince Mohammed, suggesting a coordinated effort between Riyadh and Washington to pre-empt the threat of harsher actions from an outraged US Congress.

US President Donald Trump has shied away from directly blaming the Crown Prince but on Friday agreed with Turkish President Recep Tayyip Erdogan that “any cover up of the incident should not be allowed.”

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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