The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit. According to a Jan. 11 court filing, the regulator has requested the court for an “entry of default” against the decentralized autonomous organization (DAO), stating it had missed the deadline to “answer or otherwise defend” as instructed by the summons. If approved, the entry of default will establish Ooki DAO has failed to plead or defend itself in court and will no longer be able to answer or respond to the suit. An “entry of default” is the first step in the process of gaining a default judgment — a ruling handed down by the court when the defe...
South Africa’s ex-president Jacob Zuma on Friday mounted a last-ditch legal bid to avoid prison after the country’s top court ordered him jailed for failing to appear before graft investigators. In a landmark ruling, the Constitutional Court on Tuesday handed Zuma a 15-month term for contempt after he snubbed a probe into the theft of state assets under his tenure. If the 79-year-old fails to turn himself in by Sunday, police will be given a further three days to arrest him and take him to jail to start the sentence. As the deadline loomed, Zuma pleaded on Friday that the order be “reconsidered and rescinded.” “It will not be futile,” Zuma said in papers filed to the court, “to make one last attempt to invite the Constitutional Court to relook its decision and to merely reassess whether it...
United Nations Secretary-General Antonio Guterres on Monday called for civilian leaders in Mali to be released, after military officers upset with a government reshuffle detained the president and prime minister at an army camp. “I am deeply concerned by news of detention of civilian leaders of the Malian transition,” Guterres said on Twitter. He continued: “I call for calm & their unconditional release.” President Bah Ndaw and Prime Minister Moctar Ouane lead an interim government, installed under the threat of regional sanctions following a putsch in August, and the detentions on Monday raised fears of a second coup. Two senior officials, who declined to be named, told AFP that soldiers had taken Ndaw and Ouane to the Kati military camp on the outskirts of Bamako. Their detentions fo...
FIFA president Gianni Infantino says he is not in favour of sanctions against the 12 clubs that tried to launch a European Super League, preferring “dialogue” on football reform. The plan to create a closed competition was “unacceptable” and “unimaginable”, the world football boss told French sports daily L’Equipe in an interview published on Wednesday. “Certain actions should have consequences, and everyone must assume their responsibilities,” said Infantino, who has publically joined the opposition to the project. “But you always have to be careful when you talk about sanctions. “It’s said quickly that you have to punish. It’s even popular — or populist — sometimes. “By punishing a club, for example, you are also punishing players, coaches and fans, who have nothing to do with it.” He sa...
FIle Photo The militia wing of the Biafra Nations League (BNL) has issued a quit notice to companies operating under Nigeria in the Bakassi peninsula. The group alleged that Nigeria gets 60 percent of the oil in the region and uses the money to “sponsor” the Nigerian military against secessionist. A BNL commander alias ‘Aso Rock’ accused the federal government of “killing armless pro-Biafra supporters in Imo State and Rivers State”. The native of Bakassi stated that Nigeria no longer had rights over the area since its territorial ownership was ceded to Cameroon. “We have asked the oil companies paying tax to the Nigerian government to evacuate, no deadline was given as we can chase them away anytime. “They cannot be drilling our oil to be developing the north and sponsoring military operat...
Russia said it hoped international talks in Moscow on Thursday would breathe new life into the Afghan peace process, after a high-level U.S. official joined the Russian-hosted talks for the first time. The talks, which also include representatives of Pakistan and China, are designed to give a boost to negotiations between the Afghan government and the Taliban in Qatar’s capital Doha, stalled lately by government accusations that the insurgents have done too little to halt violence. “We regret that so far the efforts to launch a political process in Doha have yet to yield a positive result,” Foreign Minister Sergei Lavrov said in his opening remarks at the talks. “We hope today’s talks will facilitate the creation of conditions to achieve progress in intra-Afghan negotiations.” U.S. envoy Z...