Sanctions
Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
U.S. Senate confirms Wally Adeyemo as deputy treasury secretary
The U.S. Senate has confirmed Adewale Wally Adeyemo as Deputy Secretary of the Treasury, making him the first Nigerian-American to hold the powerful job. Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules. He is expected to play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments. A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury. The Senate on Thursday confirmed Adeyemo on a voice ...
Russia calls U.S. allegations over Putin-directed election meddling ‘baseless’
Russia on Wednesday described U.S. intelligence allegations that President Vladimir Putin had likely directed efforts to try to swing the 2020 U.S. presidential election to Donald Trump as baseless. A 15-page American intelligence report, released on Tuesday, added heft to longstanding allegations that some of Trump’s top lieutenants were playing into Moscow’s hands by amplifying claims made against then-candidate Joe Biden by Russian-linked Ukrainian figures in the run-up to the Nov. 3 election. “The document prepared by the U.S. intelligence community is another set of baseless accusations against our country for interfering in American domestic political processes,” Russia’s embassy in the United States said in a statement on Facebook. “The conclusions of the report on Russia conducting...
Senate advocates stiffer penalties for employers involved in ill treatment of employees, child labour, others
The Senate on Tuesday, passed for second reading, a Bill which seeks to review the Labour Act to provide stiffer penalties for various offences ranging from ill treatment of workers by employers, modern slavery, child labour to discrimination against women in the work place. The legislation titled ‘A Bill for an Act to amend the labour Act Cap L1, LFN, 2004 to review labour fine and other related matters, 2021,’ is sponsored by Senator Francis Onyewuchi (Imo East). According to the draft Bill, Section 21 proposed a fine of N500,000 and N1,000,000 from the present fine of N800 and N500 for first and second offences relating to “Breach of terms and conditions of employment”, as it relates to the wage hour, nature of employment, leave and contracts of employment, among others. Section 46 also...
Lobbyist says Myanmar junta wants to improve relations with the West, spurn China
An Israeli-Canadian lobbyist hired by Myanmar’s junta said on Saturday that the generals are keen to leave politics after their coup and seek to improve relations with the United States and distance themselves from China. Ari Ben-Menashe, a former Israeli military intelligence official who has previously represented Zimbabwe’s Robert Mugabe and Sudan’s military rulers, said Myanmar’s generals also want to repatriate Rohingya Muslims who fled to neighboring Bangladesh. The United Nations says more than 50 demonstrators have been killed since the Feb. 1 coup when the military overthrew and detained elected leader Aung San Suu Kyi, whose National League for Democracy party won polls in November by a landslide. On Friday, a U.N. special envoy urged the Security Council to take action against t...
Anglican Communion in Nigeria affirms rejection of homosexuality
The Church of Nigeria (Anglican Communion) on Sunday affirmed its rejection of homosexuality, vowing to defend the gospel of Jesus Christ. The Primate, Archbishop Henry Ndukuba, made the position of the church known in a statement on Sunday in Abuja. “The Church of Nigeria affirms its total rejection of homosexuality, and will surely stand to defend the truth of the gospel based on the injunctions and ethical principles of the Holy Bible,’’ Ndukuba said. The statement is entitled, ‘‘Church of Nigeria’s Position on the Recent Developments in Anglican Church in North America (ACNA)”. He condemned recent signing of a letter which, he said, recognised and promoted homosexuality in ACNA. The cleric called for sanctions against bishops, priests and laity in ACNA Province who signed the letter. N...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
U.S. says North Korea an urgent priority for the United States
North Korea’s nuclear weapon and ballistic missile programs are an urgent priority for the United States and Washington remains committed to denuclearization of the country, the U.S. State Department said on Friday. The Biden administration’s lack of direct engagement with North Korea should not be seen as an indication that the challenge posed by its weapons programs was not a priority, department spokesman Ned Price said. “It in fact very much is,” he told a regular briefing. North Korea continued to make progress in its nuclear and missile programs in recent years “which makes this an urgent priority for the United States and one that we are committed to addressing together with our allies and partners,” Price said. “And … the central premise is that we remain committed to denuclearizat...
Myanmar police fire rubber bullets, wounding three, as hundreds of thousands protest
Supporters of ousted Myanmar leader Aung San Suu Kyi clashed with police on Friday as hundreds of thousands joined nationwide pro-democracy demonstrations in defiance of the military junta’s call to halt mass gatherings. The United Nations human rights office said more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 coup, including some who face criminal charges on “dubious grounds”. The U.N. rights investigator for Myanmar told a special session of the Human Rights Council in Geneva that there were “growing reports, photographic evidence” that security forces have used live ammunition against protesters, in violation of international law. Special Rapporteur Thomas Andrews urged the U.N. Security Council to consider imposing sanctio...
Anger over arrests in Myanmar at anti-coup protests
Opponents of Myanmar’s military coup sustained mass protests for an eighth straight day on Saturday as continuing arrests of junta critics added to anger over the detention of elected leader Aung San Suu Kyi. Thousands assembled in the business hub, Yangon, while protesters took to the streets of the capital Naypyitaw, the second city Mandalay and other towns a day after the biggest protests so far in the Southeast Asian country. “Stop kidnapping at night,” was among the signs held up by protesters in Yangon in response to arrest raids in recent days. The United Nations human rights office said on Friday more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 coup, including some who face criminal charges on “dubious grounds”. Anger in...
Sudan announces new cabinet with ex-rebels as ministers
Sudan’s Prime Minister Abdalla Hamdok announced Monday a new cabinet bringing in seven ex-rebel chiefs as ministers, following a peace deal in October aimed to end decades of war. Veteran rebel leader and economist Gibril Ibrahim, of the Justice and Equality Movement (JEM) – which played a major role in the Darfur conflict – was appointed as Sudan’s new finance minister. “We have reached consensus on over 25 ministries,” Hamdok said, during a press conference in Khartoum. “This line up aims to preserve this country from collapse… we know there will be challenges but we are certain that we will move forward.” Hamdok dissolved the previous cabinet on Sunday to make way for a more inclusive line up in government. Two ministers were selected from the military, with the remaining coming from th...
