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IMF Excludes Nigeria From Debt Relief

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IMF

Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF).

The Board has approved a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval followed two prior tranches approved on April 13, 2020 and October 2, 2020, respectively.

In a report released yesterday, the Fund said the approval will enable the disbursement of grants from the CCRT for payment of all eligible debt service falling due to the IMF from its poorest and most vulnerable members from April 14, 2021 to October 15, 2021, estimated at SDR 168 ($238) million.

The beneficiaries of previous CCRT tranche are Afghanistan, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Ethiopia, and The Gambia.

Others are Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.

This tranche of grants for debt service relief will continue to help free up scarce financial resources for vital emergency health, social, and economic support to mitigate the impact of the COVID-19 pandemic.

Subject to the availability of sufficient resources in the CCRT, debt service relief could be provided for the remaining period through from October 16, 2021 to April 13, 2022 amounting to a total of about SDR 680 ($964) million.

In March 2020, Managing Director Kristalina Georgieva launched an urgent fundraising effort to raise $1.4 billion in grants for the CCRT. This would enable the CCRT to provide financial assistance for relief on debt service for up to a maximum of two years, while leaving the CCRT adequately funded for future needs.

Thus far, donors have pledged contributions totaling about $774 million, including from the European Union, the UK, Japan, Germany, France, the Netherlands, Switzerland, Norway, Singapore, China, Mexico, Philippines, Sweden, Bulgaria, Luxembourg, and Malta.

Executive Directors welcomed the opportunity to consider the approval of grants under the Catastrophe Containment and Relief Trust (CCRT) to support the third tranche of debt service relief for the Fund’s poorest and most vulnerable members.

They noted that the COVID-19 pandemic continues to exact a severe human and economic toll on these countries and that the resources freed up by the first and second tranches of CCRT debt service relief had helped mitigate the impact of the pandemic.

Directors agreed that the available resources and pledges are sufficient to finance the third tranche of debt service relief for the period from April 14 to October 15, 2021.

Accordingly, they approved grant assistance under the CCRT for relief for 28 eligible members that have debt service falling due during this period.

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Education

Senate Passes Bills To Establish Two Federal Universities in Ekiti, Nasarawa states

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University - Investors King

The Senate on Tuesday passed two bills seeking to establish two federal universities in Ekiti and Nasarawa States.

The bills are the Federal University of Health and Medical Sciences Iyin, Ekiti State (Establishment) Bill, 2021, and Federal University Lafia Teaching Hospital (Establishment) Bill, 2021.

Both bills are sponsored by Senators Opeyemi Bamidele (APC, Ekiti Central), and Tanko Al-Makura (APC, Nasarawa South).

The passage of both bills followed the presentation and consideration of two separate reports by the Committee on Health (Secondary and Tertiary).

Chairman of the Committee, Senator Yahaya Oloriegbe (APC, Kwara Central), in his presentation, said the bill to establish the Federal University of Lafia Teaching Hospital was “necessitated as a result of the precarious health conditions faced by the resident.”

According to him, the bill to establish the Federal University of Health and Medical Sciences Iyin, Ekiti State, seeks to promote and emphasize teaching, research and extension of knowledge in the field of medicine and environmental sciences.

In a related development, the Senate on Wednesday passed a third bill to amend the University Teaching Hospitals (Reconstitution of Boards) Act.

The bill’s passage by the upper chamber followed consideration of a report by the Committee on Health (Secondary and Tertiary).

Senator Oloriegbe in his presentation explained that the amendment bill seeks to amend the First Schedule to the Principal Act to include the University Teaching Hospital, Lafia and Modibbo Adama University Teaching Hospital.

In a related development, a bill seeking to establish the Federal College of Education, Kaiama, Kwara State, scaled second reading during plenary.

The bill was sponsored by Senator Sadiq Suleiman Umar (APC, Kwara North).

The Senate President, Ahmad Lawan, after the bill was considered, referred it to the Committee on Tertiary Institutions and TETFUND.

The Committee which is chaired by Senator Ahmad Baba Kaita was given four weeks to report back to the upper chamber.

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Terrorism Sponsors: UAE Names Six Nigerians, 47 Others

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Six Nigerians have been designated as terrorism sponsors by the United Arab Emirates.

The state-owned news agency, WAM, made this known in a report.

The country said the listed individuals and entities, including their affiliates, are being monitored.

The Nigerians named are Abdurrahaman Ado Musa, Salihu Yusuf Adamu, Bashir Ali Yusuf, Muhammed Ibrahim Isa, Ibrahim Ali Alhassan and Surajo Abubakar Muhammad.

“The UAE Cabinet has issued Resolution No 83 of 2021, designating 38 individuals and 15 entities on its approved list of persons and organisations supporting terrorism (Local Terrorist List).

“The resolution underscores the UAE’s commitment to target and dismantle networks that finance terrorism and its related activities.

“The resolution demands that regulatory authorities monitor and identify any individuals or entities affiliated with or associated with any financial, commercial or technical relationship and take the necessary measures according to the laws in force in the country in less than 24 hours,” the report read.

The following is the full list of added individuals:

1. Ahmed Mohammed Abdulla Mohammed Alshaiba Alnuaimi (UAE)

2. Mohamed Saqer Yousif Saqer Al Zaabi (UAE)

3. Hamad Mohammed Rahmah Humaid Alshamsi (UAE)

4. Saeed Naser Saeed Naser Alteneiji (UAE)

5. Hassan Hussain Tabaja (Lebanon)

6. Adham Hussain Tabaja (Lebanon)

7. Mohammed Ahmed Musaed Saeed (Yemen)

8. Hayder Habeeb Ali (Iraq)

9. Basim Yousuf Hussein Alshaghanbi (Iraq)

10. Sharif Ahmed Sharif Ba Alawi (Yemen)

11. Manoj Sabharwal Om Prakash (India)

12. Rashed Saleh Saleh Al Jarmouzi (Yemen)

13. Naif Nasser Saleh Aljarmouzi (Yemen)

14. Zubiullah Abdul Qahir Durani (Afghanistan)

15. Suliman Saleh Salem Aboulan (Yemen)

16. Adel Ahmed Salem Obaid Ali Badrah (Yemen)

17. Ali Nasser Alaseeri (Saudi Arabia)

18. Fadhl Saleh Salem Altayabi (Yemen)

19. Ashur Omar Ashur Obaidoon (Yemen)

20. Hazem Mohsen Farhan + Hazem Mohsen Al Farhan (Syria)

21. Mehdi Azizollah Kiasati (Iran)

22. Farshad Jafar Hakemzadeh (Iran)

23. Seyyed Reza Mohmmad Ghasemi (Iran)

24. Mohsen Hassan Kargarhodjat Abadi (Iran)

25. Ibrahim Mahmood Ahmed Mohammed (Iran)

26. Osama Housen Dughaem (Syria)

27. Abdurrahaman Ado Musa (Nigeria)

28. Salihu Yusuf Adamu (Nigeria)

29. Bashir Ali Yusuf (Nigeria)

30. Muhammed Ibrahim Isa (Nigeria)

31. Ibrahim Ali Alhassan (Nigeria)

32. Surajo Abubakar Muhammad (Nigeria)

33. Alaa Khanfurah – Alaa Abdulrazzaq Ali Khanfurah – Alaa Alkhanfurah (Syria)

34. Fadi Said Kamar (Great Britain)

35. Walid Kamel Awad (Saint Kitts and Nevis)

36. Khaled Walid Awad (Saint Kitts and Nevis)

37. Imad Khallak Kantakdzhi (Russia)

38. Mouhammad Ayman Tayseer Rashid Marayat (Jordan)

The following is the full list of the added entities:

1. Ray Tracing Trading Co LLC

2. H F Z A Arzoo International F Z E

3. Hanan Shipping L.L.C

4. Four Corners Trading Est

5. Sasco Logistic L.L.C

6. AlJarmouzi General Trading LLC

7. Al Jarmoozi Cargo & Clearing (L.L.C)

8. Al Jarmoozi Transport By Heavy & Light Trucks (L.L.C)

9. Naser Aljarmouzi Ceneral Trading (L.L.C)

10. Naser Aljarmouzi Cargo & Clearing LLC

11. Wave Tech Computer LLC

12. NYBI Trading – FZE

13. KCL General Trading F Z E

14. Alinma Group

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United Arab Emirates Listed Six Nigerians Among 38 Global Sponsors Of Terrorism

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The United Arab Emirates on Monday designated six Nigerians as financiers of Boko Haram and other criminal activities.

The decision was made when the Emirate federal cabinet met in the capital Abu Dhabi on Monday, according to state-run WAM news agency.

Abdurrahaman Ado Musa, Salihu Yusuf Adamu, Bashir Ali Yusuf, Muhammed Ibrahim Isa, Ibrahim Ali Alhassan and Surajo Abubakar Muhammad were the six Nigerians placed on the Middle-East giant’s watch list.

According to Peoples’ Gazette, the decision came about a year after the Nigerians were indicted for sponsoring Boko Haram.

A Nigerian government official said to be involved in sponsoring the dreaded sect that has killed over 100,000 civilians and security forces and inflicted untold economic damage on the country since its campaign began in 2009.

The government official has yet to be publicly identified by the Emirati authorities, amidst claims that some elements in the Nigerian government were mounting diplomatic pressure not to publish the name.

At least 47 other foreign nationals and entities were also added to the watch list by the UAE on Monday.

Following is the full list of added individuals:

1.      Ahmed Mohammed Abdulla Mohammed Alshaiba Alnuaimi (UAE)

2.      Mohamed Saqer Yousif Saqer Al Zaabi (UAE)

3.      Hamad Mohammed Rahmah Humaid Alshamsi (UAE)

4.      Saeed Naser Saeed Naser Alteneiji (UAE)

5.      Hassan Hussain Tabaja (Lebanon)

6.      Adham Hussain Tabaja (Lebanon)

7.      Mohammed Ahmed Musaed Saeed (Yemen)

8.      Hayder Habeeb Ali (Iraq)

9.      Basim Yousuf Hussein Alshaghanbi (Iraq)

10.     Sharif Ahmed Sharif Ba Alawi (Yemen)

11.     Manoj Sabharwal Om Prakash (India)

12.     Rashed Saleh Saleh Al Jarmouzi (Yemen)

13.     Naif Nasser Saleh Aljarmouzi (Yemen)

14.     Zubiullah Abdul Qahir Durani (Afghanistan)

15.     Suliman Saleh Salem Aboulan (Yemen)

16.     Adel Ahmed Salem Obaid Ali Badrah (Yemen)

17.     Ali Nasser Alaseeri (Saudi Arabia)

18.     Fadhl Saleh Salem Altayabi (Yemen)

19.     Ashur Omar Ashur Obaidoon (Yemen)

20.     Hazem Mohsen Farhan + Hazem Mohsen Al Farhan (Syria)

21.     Mehdi Azizollah Kiasati (Iran)

22.     Farshad Jafar Hakemzadeh (Iran)

23.     Seyyed Reza Mohmmad Ghasemi (Iran)

24.     Mohsen Hassan Kargarhodjat Abadi (Iran)

25.     Ibrahim Mahmood Ahmed Mohammed (Iran)

26.     Osama Housen Dughaem (Syria)

27.     Abdurrahaman Ado Musa (Nigeria)

28.     Salihu Yusuf Adamu (Nigeria)

29.     Bashir Ali Yusuf (Nigeria)

30.     Muhammed Ibrahim Isa (Nigeria)

31.     Ibrahim Ali Alhassan (Nigeria)

32.     Surajo Abubakar Muhammad (Nigeria)

33.     Alaa Khanfurah – Alaa Abdulrazzaq Ali Khanfurah – Alaa Alkhanfurah (Syria)

34.     Fadi Said Kamar (Great Britain)

35.     Walid Kamel Awad (Saint Kitts and Nevis)

36.     Khaled Walid Awad (Saint Kitts and Nevis)

37.     Imad Khallak Kantakdzhi (Russia)

38.     Mouhammad Ayman Tayseer Rashid Marayat (Jordan)

Following is the full list of the added entities:

39.     Ray Tracing Trading Co LLC

40.     H F Z A Arzoo International F Z E

41.     Hanan Shipping L.L.C

42.     Four Corners Trading Est

43.     Sasco Logistic L.L.C

44.     AlJarmouzi General Trading LLC

45.     Al Jarmoozi Cargo & Clearing (L.L.C)

46.     Al Jarmoozi Transport By Heavy & Light Trucks (L.L.C)

47.     Naser Aljarmouzi Ceneral Trading (L.L.C)

48.     Naser Aljarmouzi Cargo & Clearing LLC

49.     Wave Tech Computer LLC

50.     NYBI Trading – FZE

51.     KCL General Trading F Z E

52.     Alinma Group

53.     Al-Omgy & Bros Money Exchange.

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