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Ezekwesili Withdraws From Presidential Race

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  • Ezekwesili Withdraws From Presidential Race

The presidential candidate of the Allied Congress Party of Nigeria, Dr. Obiageli Ezekwesili has announced her withdrawal from the presidential race.

She, however, opted to help build a coalition to defeat the All Progressives Congress and the Peoples Democratic Party in the February 16, 2019 election.

A statement issued on Thursday morning by the spokesperson for Obiageli Ezekwesili Presidential Campaign Organisation, Ozioma Ubabukoh, said she took the decision after “extensive discussions with Nigerians at home and the Diaspora.”

According to her, the action was also prompted by an examination of the country’s electoral environment sequel to the 2019 presidential debate of Saturday, January 19, 2019.

The statement reads, “This decision followed extensive consultations with leaders from various walks of life across the country over the past few days. I deem it necessary for me to focus on helping to build a veritable coalition to ensure a viable alternative to the #APCPDP in the forthcoming elections.

“It is my ardent belief that this broad coalition for a viable alternative has now become more than ever before, an urgent mission for and on behalf of Nigerian citizens. I have therefore chosen to lead the way in demonstrating the much needed patriotic sacrifice for our national revival and redirection.

“I wish to state that over the past three months, I have been in private, but extended talks with other candidates to birth a coalition that would allow Nigerians to exercise their choice without feeling helplessly encumbered by the evil twins of #APCPDP.

“While the deliberations continued, I never hesitated for a moment in my willingness and determination to sacrifice my candidacy in order to facilitate the emergence of the envisaged strong and viable alternative that Nigerians could identify within our collective search for a new beginning.

“My commitment to this promising political recalibration has been consistent and in consonance with my agreement, at the request of candidates under the Presidential Aspirants Coming Together arrangement in 2018, when I consented to supervise the internal selection process as an outside observer passionate about building an alternative force.

“However, despite resistance from the ACPN on these and other issues, I have decided that it is now necessary to show by action and example my determination on this issue by stepping down my candidacy so as to focus squarely on building the coalition to a logical conclusion.

“We have no right to allow citizens give in to despair. We will #Fight4Naija together and prove to all that the mess, which the political class has now become, should not be allowed to destroy our spirits and nation. We are also determined to ensure that the message keeps resonating that our beloved country deserves better, and that we will get the best that we deserve.

“From last year, when I joined the presidential race, I made it clear to Nigerians that the country has always had a 20-year cycle of change – 1958, 1979, and 1999. As such, 2019 begins another 20-year cycle, and together with all Nigerians of good will, I stand ready to play my part to ensure that we do not miss this golden opportunity to sing a new song. There is no more time to waste. Let’s get to work!”

Ubabukoh thanked Nigerians, including campaign donors and volunteers, who supported Ezekwesili, saying that “every money donated to the campaign and funds spent will be accounted for in the coming days.”

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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