Connect with us

BIG STORY

PDP Reports Buhari To UN, Accuses Presidency Of Plotting To Militarize And Rig 2019 Elections

Published

on

The Peoples Democratic Party, PDP, on Friday alleged that the Presidency and the All Progressives Congress, APC, were plotting to “militarize and scuttle the conduct of the 2019 general elections, particularly, the presidential poll.”

The National Chairman of the PDP, Prince Uche Secondus stated this when he led members of the National Working Committee to receive the Special Representative of the UN Secretary-General for West Africa and the Sahel, Mr. Mohammed Ibn Chambas, in his office in Abuja and was contained in a statement issued by the opposition party’s spokesperson, Kola Ologbondiyan.

Secondus alerted the UN Security Council that Buhari was already “compromising the military and other security forces as tools to muscle the electoral process.”

The statement quoted Secondus as saying there was alleged, “heightened tension across the country over the manipulations by the Buhari Presidency,” adding that “if the UN and the international community fail to intervene and support a credible, free and fair election, our nation may witness an electoral stillbirth, capable of triggering violence and humanitarian crisis in Nigeria and the entire sub-Sahara region.”

According to Secondus, “President Buhari is not preparing for elections. He is not prepared for the rigours of any electoral exercise. Every well-intentioned politician goes out to the street to engage and persuade the people with his or her manifesto and policies, but President Buhari is not ready to engage anybody in contest of ideas; that is why he is desperate to compromise our military as a measure of limitless powers to rig.

“The world saw how our Service Chiefs participated in President Buhari’s campaign rally. There is no way these Service Chiefs will not be pushed to resort to self-help on behalf of President Buhari and his APC in the election. The UN Security Council should note this and intervene to save our democratic process.

“President Buhari has militarized our electoral process. In the July and September governorship elections in Ekiti and Osun states respectively, in addition to various bye-elections, military equipment were rolled out to prevent the opposition from voting. Citizens were freely manhandled, arrested and subjugated by security agents, who openly worked for the APC. Today, in Nigeria, the PDP is contesting with security forces and not with the APC.

“Also, President Buhari has compromised our Police. As we speak, the Inspector-General of Police has sealed the Akwa-Ibom state House of Assembly and seized an arm of government, just like they did in Benue state in July. Our country has been turned into a police state and there is fear everywhere.

“Similarly, our Independent National Electoral Commission (INEC) has been annexed by the Buhari Presidency. This is the reason it has not been able to conduct any credible election in the last three and half years. Nigerians have lost confidence that INEC as presently constituted can guarantee credible polls in 2019. We, therefore, demand for the resignation of the INEC Chairman, Prof. Mahmood Yakubu and Mrs. Amina Zakari, who is a niece of Mr. President.

“Our international partners must, therefore, insist and encourage a free, fair and credible electoral process. They must also caution against manipulation and other abuses that are capable of truncating our democracy and endangering the lives of Nigerians as a result of a failed electoral process.”

BIG STORY

JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

Published

on

The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

Continue Reading

BIG STORY

Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

Published

on

Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

Continue Reading

BIG STORY

Federal Government To Arraign Binance Executives Over ‘Tax Evasion’ On April 4

Published

on

On April 4, the federal authorities will file charges against senior executives of the cryptocurrency company Binance, Tigran Gambaryan, and Nadeem Anjarwalla, for allegedly engaging in “tax evasion.”

Anjarwalla is Binance’s regional manager for Africa, while Gambaryan oversees the company’s compliance with financial crimes.

The Federal Inland Revenue Service (FIRS) charged Binance with a crime on March 25th for “tax evasion.”

The service claims that the action is intended to maintain national economic integrity and fiscal discipline.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, is said to “implicate Binance with a four-count tax evasion accusation”.

However, on Thursday, NAN reported the federal government will charge the three defendants before Emeka Nwite, the presiding judge, at the federal high court (FHC) in Abuja on a four-count charge.

Despite not being a vacation judge, according to the report, the chief judge granted the fiat for the judge to oversee the case during vacation because it is a matter of critical national interest.

The lawsuit comes a month after Anjarwalla and Gambaryan were detained by the Nigerian authorities.

Anjarwalla and Gambaryan had flown into Nigeria but had their passports seized by ONSA.

On March 12, Anjarwalla was transferred to a local hospital after he fell ill while in detention in Nigeria.

However, on March 25, Anjarwalla escaped from custody and fled Nigeria with a smuggled passport.

Meanwhile, Gambaryan, on March 28, sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC), alleging violation of his fundamental rights.

Continue Reading

Most Popular