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Rishi Sunak: All You Need to Know About Britain’s Youngest Minister

Britain’s youngest minister, Rishi Sunak succeeds Liz Truss, the shortest-serving minister of the United Kingdom on October 25, 2022.

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Rishi Sunak

Britain’s youngest minister, Rishi Sunak succeeds Liz Truss, the shortest-serving minister of the United Kingdom on October 25, 2022.

Rishi Sunak, 42, is a British politician and a leader of the Conservative Party before succeeding Liz Truss as the present prime minister of Britain.

Sunak was born in Southampton to Punjabi parents of Indian descent who migrated to Britain from East Africa, Kenya in the 1960s.

Sunak has been the Member of Parliament for Richmond Yorks (North Yorkshire) before serving as Chief Secretary to the Treasury from 2019 to 2020 and also served as a Chancellor/senior minister from 2020 to 2022.

The 222nd Richest man in Britain studied philosophy, politics, and economics at Lincoln College, with an MBA from Stanford University in California as a Fulbright Scholar (the United States cultural exchange Programs).

Sunak resigned as Chancellor and Senior Minister on July 5, 2022, and he contested with Liz Truss following Johnson Boris’s resignation as leader of the Conservative Party. However, the majority of the parliament members voted in favor of Liz.

Liz Truss, 47, was appointed on September 6, 2022 and immediately appointed Kwasi Kwarteng as her Finance Minister. Kwarteng announced a 45% tax cut without a proper means to fund the said reduction.

Lack of proper preparation amid one of the most chaotic periods in the United Kingdom forced Britons and businesses to refute the policy with global investors abandoning British Pounds and other assets for U.S Dollars.

British Pounds immediately plunged to a 37-year low against the United States Dollar. Even though Kwarteng later abandoned the policy the British were not convinced that he could lead them out of the crisis and even strike better British negotiation. A few weeks later he was sacked by Truss.

Truss tendered her resignation shortly after as the British refused to support the administration for a series of reasons bordering on poor diplomacy and insults on the part of the former Prime Minister.

Rishi Sunak was immediately elected unopposed as the leader of the Conservative Party, the youngest Britain Prime Minister. Sunak is Britain’s first Asian descent Prime Minister.

Rishi Sunak Background as Chancellor

During his reign as chancellor, Sunak delivered effectively as he oversaw Britain’s finances during the Covid-19 Pandemic. He chaired various public health and economic measures to control the impact of the virus, including the “Eat out to Help Out” scheme, which was introduced to support and create jobs in the hospitality sector.

After emerging victorious, Sunak pleaded for unity amid economic challenges, he said that without a doubt the United Kingdom is a great country but what the country needs now is stability and unity, including that, bringing his party and UK together was his utmost priority.

The incoming Prime Minster said, “we rise to challenges, we will meet them, we’re well prepared for them, we’ll get through them and we’ll emerge on the other side stronger”.

Rishi Sunak Key Biography Highlights

While at Stanford, he met his future wife Akshata Murty, the daughter of N. R. Narayana Murthy, the Indian billionaire businessman who founded Infosys.

Sunak and Murty are the 222nd richest people in Britain, with a combined fortune of £730m as of 2022.

After graduating, Sunak worked for Goldman Sachs and later as a partner at the hedge fund firms the Children’s Investment Fund Management and Theleme Partners.

Rishi Sunak Political Career

Sunak was elected to the House of Commons for Richmond in North Yorkshire at the 2015 general election, succeeding William Hague. Sunak supported Brexit in the 2016 referendum on EU membership.

He was appointed to Theresa May’s second government as Parliamentary Under-Secretary of State for Local Government in the 2018 reshuffle. He voted three times in favour of May’s Brexit withdrawal agreement.

After May resigned, Sunak supported Boris Johnson’s campaign to become Conservative leader. After Johnson was elected and appointed Prime Minister, he appointed Sunak as Chief Secretary to the Treasury.

Sunak replaced Sajid Javid as Chancellor of the Exchequer after his resignation in the February 2020 cabinet reshuffle.

As Chancellor, Sunak was prominent in the government’s financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes.

He resigned as chancellor on 5 July 2022, followed by Johnson’s resignation amid a government crisis. Sunak stood in the Conservative party leadership election to replace Johnson, and lost the members’ vote to Liz Truss.

Following Truss’s resignation amid another government crisis, Sunak was elected unopposed as Leader of the Conservative Party.

He was appointed Prime Minister by Charles III on 25 October 2022, becoming the first British Asian and Hindu Prime Minister, as well as the first person of colour to hold the office.

Government

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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Government

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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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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