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Boris Johnson, Rishi Sunnak and Jeremy Hunt Among Top Contenders to Replace Liz Truss

Some of the prominent names include the former British Prime Minister, Boris Johnson, Former British Finance Minister, Rishi Sunak and British current Finance Minister, Jeremy Hunt.

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Boris Johnson

The race for the position of British Prime Minister, Liz Truss began even before she turned in her resignation letter. A number of names have been taunted as possible replacements. Some of the prominent names include the former British Prime Minister, Boris Johnson, Former British Finance Minister, Rishi Sunak and British current Finance Minister, Jeremy Hunt.

Investors King had earlier reported that U.K. Prime Minister Liz Truss Resigns After 45 Days in Office. 

Truss, who became Prime Minister on September 6, ran into trouble when her Finance Minister, Kwasi Kwarteng announced the administration policy of a 45% tax cut for the rich.

British Pounds plunged to a 37-year low immediately after the policy was announced while analysts within and outside the country started criticising the policy and the need for an urgent reversal.

While Liz Truss will remain in place as caretaker prime minister until a successor is named, a leadership contest is expected to take place over the next week.

Some of the top contenders for the position are listed below: 

Boris Johnson

The 58-year-old former prime minister has been taunted to return to his former position. He was seen as agile, active and charismatic. He also superintends over the Brexit vote which is one of the factors influencing the present social, and political-economic conditions of the United Kingdom.

Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership amid political scandal around Covid-19 rule-breaking and his links to disgraced MP Chris Pincher.

Former culture secretary and close Johnson ally Nadine Dorries tweeted Thursday that he was the only MP with “a mandate from party members and the British public,” having won the 2019 General Election.

Jeremy Hunt

Jeremy Hunt was the British finance minister brought in to replace Kwasi Kwarteng. He is assumed to be one of the most influential personalities in the British Government.

He has previously held several senior government positions, including foreign secretary, health secretary and culture secretary.

However, Jeremy has potentially exited himself from the race. Hunt hinted that he would not run, telling Sky News: “I rule it out, Mrs Hunt rules it out, three Hunt children rule it out.”

Rishi Sunak

Sunak is a former Chancellor of the Exchequer (finance minister) who keenly contested against Truss.

He looks like the favourite having warned Truss about her unfunded tax cuts saying it would be disastrous for Britain. He said they would bring panic in the bond market and concern from the International Monetary Fund.

Sunak has experience in economic crisis-fighting, having guided the UK through the COVID-19 pandemic.

He also secured the most votes from MPs in the last leadership election – comfortably clearing the new threshold with 137 endorsements. Although Truss eventually won the decisive members’ vote, Sunak only lost narrowly – with 43% of the vote.

Penny Mordaunt 

Mordaunt is the Leader of the House of Commons who also has the capacity to be the PM. She may have had a dress rehearsal for being PM this week, after stepping in for an absent Truss at a debate.

“The prime minister is not under a desk,” Mordaunt said on Tuesday in an occasion that appeared as much about pitching herself as it did about helping the PM.

She came third in the last leadership election, narrowly missing out on being put before the members. With 105 votes from MPs in the last election, she too is expected to clear the new threshold.

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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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