Category: Africa - Page 11 - African News Today

Potential Implications of Seizing Domiciliary Accounts in Nigeria: Insights from a Financial Expert

6Feb

By adminNo Comments

Economy, Finance, News, Nigeria

Potential Implications of Seizing Domiciliary Accounts in Nigeria: Insights from a Financial Expert

As rumors swirl regarding the Nigerian government's purported intentions to seize funds held in domiciliary accounts across the nation, financial expert Kalu Ajah has stepped forward, via a post on X, to offer a comprehensive analysis of the potential ramifications. Drawing parallels with historical events and providing detailed insights into the operational dynamics of domiciliary accounts, Ajah's assessment sheds light on the risks and consequences associated with such actions. The Pakistani Example Ajah begins by invoking a significant episode from Pakistan's economic history, where the government initiated an emergency freeze on all foreign currency accounts (FCA) in May 1998. This drastic measure, aimed at safeguarding the economy, had far-reaching repercussions. "The primary i...

Defense HQ to Meet CAN Chairman over Allegations of the Military Aiding Plateau Killings

25Jan

By adminNo Comments

Nigeria

Defense HQ to Meet CAN Chairman over Allegations of the Military Aiding Plateau Killings

In the wake of escalating violence in Plateau State, Nigeria, the Defence Headquarters has announced its intention to meet with Reverend Timothy Daluk, Chairman of the Christian Association of Nigeria in Mangu Local Government Area. This development follows Rev. Daluk's public allegations, disseminated through a widely-shared video, accusing the Nigerian military of playing a role in the displacement of Christians and the destruction of their properties. Rev. Daluk's claims, specifically pointing to the military's involvement in forcing Christians out of the new market area in Mangu and subsequently leaving their homes exposed to arson attacks, have added a new dimension to the ongoing crisis in Plateau State. These allegations have prompted Major General Edward Buba, the Director of D...

Tragic Massacre in Kwahaslalek Village, Plateau State: Over 30 Lives Lost

25Jan

By adminNo Comments

Armed Forces, Fulani Herdsmen, Justice, News, Nigeria, Safety, Security, Terrorism

Tragic Massacre in Kwahaslalek Village, Plateau State: Over 30 Lives Lost

In a horrific turn of events, Kwahaslalek village in the Mangu Local Government Area of Plateau State became the scene of a brutal massacre in the early hours of Wednesday. Gunmen attacked the village, resulting in the tragic loss of at least 30 lives, many of whom were women and children. Details of the Attack The incident occurred following unrest in Mangu town earlier on Tuesday. Fearing for their safety, many villagers, predominantly women and children, sought refuge in the house of a community leader. Tragically, it was here that the gunmen surrounded and executed them. Community Leader's Confirmation Mark Haruna, a community leader in the area, confirmed the devastating death toll in a statement to PUNCH Online from Jos, the state capital. Haruna described the previous d...

Military Complicit in Killings of Christians in Plateau State, Nigeria

25Jan

By adminNo Comments

Armed Forces, Fulani Herdsmen, Justice, Law Enforcement, News, Nigeria, Religion, Security, Terrorism

Military Complicit in Killings of Christians in Plateau State, Nigeria

In a deeply troubling development from the Mangu Local Government Area of Plateau State, Reverend Timothy Daluk, the chairman of the Christian Association of Nigeria (CAN), has leveled grave accusations against the Nigerian military. In a video circulated on social media platforms, Rev. Daluk alleges that the military is facilitating the killings of Christians in the region, leading to a tragic escalation of violence and property destruction. Accusations of Military Involvement Rev. Daluk passionately reports from the heart of the conflict in Mangu, asserting that the military is actively displacing Christian residents to pave the way for militia-led arson attacks. According to him, the military's imposition of a curfew is discriminatorily enforced, constraining Christian movements ...

Opinion: Debt and Waste as Economic Policy – Peter Obi

9Jan

By adminNo Comments

Economy, News, Nigeria

Opinion: Debt and Waste as Economic Policy – Peter Obi

Barely 26 days to the end of its eight-year tenure, the Buhari administration got the Senate to approve a N22.7 trillion Ways and Means borrowing from the CBN. In seven years, CBN lending to the Buhari government had climbed 2700% in flagrant violation of the CBN Act. Indifferent to the illegality of the excessive ways and means borrowing, the National Assembly still approved the new Tinubu administration’s request for an N7.3 trn securitization of the existing ways and means facility just before considering the 2024 budget proposals. On the 30th of December 2023, the last working day of the year 2023, shockingly the President requested the National Assembly to approve the securitization of N7.3 trillion being the outstanding debt owed to the Central Bank of Nigeria (CBN) by ...

The Rule of Law and the Credibility of Leadership

25Oct

By adminNo Comments

Elections, News, Nigeria

The Rule of Law and the Credibility of Leadership

Still on the identity crisis and controversies that have continued to haunt the Nigerian citadel of power since the February 25, 2023 presidential elections. There is this saying: "IT IS NOT TITLES THAT HONOUR MEN, BUT MEN THAT HONOUR TITLES." The lofty titles that decorate people in power have little meaning if there is a hollowness and falsehood underneath them. Such titles which adorn those in public office mean nothing if they are not original and are fake if those who bear them have no honour to support the weight of the titles they carry. In situations where there is public doubt as to the veracity and authenticity of these titles and the claims behind them, it is the judiciary's role, when called upon, to uphold the honour of the titles through transparent rulings. Only th...

Tinubu’s Certificate Forgery: My Focus is on the Supreme Court, Obi to Atiku

6Oct

By adminNo Comments

Corruption, Elections, Judiciary, Justice, News, Nigeria

Tinubu’s Certificate Forgery: My Focus is on the Supreme Court, Obi to Atiku

Presidential candidate Peter Obi of the Labour Party has responded to an appeal by his People's Democratic Party (PDP) counterpart, Atiku Abubakar, to join the legal battle challenging President Bola Tinubu's certificate forgery case. In a statement released on Thursday and signed by the National Publicity Secretary of the Labour Party, Obiora Ifoh, Obi stated that he is currently focused on reclaiming his allegedly stolen mandate at the Supreme Court. See Also: No Deal Between Obi, Atiku – Labour Party Campaign Office The statement emphasized that Obi has been committed to pursuing justice and ensuring a just nation where integrity and honor are upheld as core values. He has consistently advocated for leaders to serve as role models and live lives worthy of emulation. As part of th...

Former NBA President Olumide Akpata to Run for Edo State Governorship

6Oct

By adminNo Comments

Elections, News, Nigeria

Former NBA President Olumide Akpata to Run for Edo State Governorship

Olumide Akpata, a former President of the Nigerian Bar Association (NBA), has officially declared his intention to run in the upcoming Edo State governorship election, slated for next year. Akpata, who recently joined the Labour Party (LP), made his aspirations known, stating that his entry into the race is driven by the desire to serve the people and that the Labour Party is the only political party he identifies as truly people-oriented. The seasoned lawyer turned politician emphasized his commitment to changing the political narrative in Edo State to ensure that the benefits of democracy reach the people. He expressed concern that, in current Nigerian politics and governance, the interests of the citizens often take a back seat, with politicians seemingly detached from the needs of ...

Chicago State University: Another Classmate Surfaces for Tinubu, Swears Oath in Court

26Sep

By adminNo Comments

Corruption, Crime, Elections, Judiciary, Justice, News, Nigeria, United States of America

Chicago State University: Another Classmate Surfaces for Tinubu, Swears Oath in Court

The legal battle between President Bola Tinubu and former Vice President Atiku Abubakar regarding Tinubu's academic records from Chicago State University has taken an intriguing turn. Olajide Adeniji, who claims to be a classmate of the former Lagos Governor, has testified under oath in a United States district court that he knows Tinubu and that they contested against each other in the race for the presidency of the Accounting Society Club at the Department of Business Administration/Accounting in the same institution. This development comes just two weeks after another individual, public affairs analyst Durojaiye Ogunsanya, asserted that he was a coursemate of President Tinubu at Chicago State University. Ogunsanya stated during an appearance on TVC's 'This Morning' show that they bo...

APC Denies Reintroduction of Fuel Subsidy, Labels Claims “Fake News”

26Sep

By adminNo Comments

Cost of Living, Economy, News, Nigeria, Petroleum

APC Denies Reintroduction of Fuel Subsidy, Labels Claims “Fake News”

The All Progressives Congress (APC) has dismissed claims that the administration of President Bola Tinubu has reintroduced fuel subsidy, asserting that government interventions were aimed at ensuring price stability and predictability. Reports had circulated alleging that the government spent a staggering N169.4 billion in August to maintain the fuel pump price at N620 per liter. These reports were seized upon by the opposition as evidence of the administration's purported return to fuel subsidy. In a statement released on Monday night, the APC vehemently denied the accusations, categorically stating that such payments did not constitute a revival of the fuel subsidy scheme that had been criticized for its economic implications in the past. The ruling party also took issue with P...