Uncategorized
Federal Gov’t Blocks N83bn ‘Protest Funds’, Arrests Key Sponsors In Abuja, Kano, Kaduna
The Federal Government has successfully traced and blocked a total of N83 billion in cryptocurrency and fiat money reportedly channelled towards funding the recent nationwide protests against hardship and bad governance in Nigeria.
The development was revealed during the inaugural meeting of the Council of State meeting convened by President Bola Tinubu at the Aso Rock Villa, Abuja, on Tuesday.
In a presentation titled, “The Nationwide Protest As It Affects National Security,” National Security Adviser (NSA), Nuhu Ribadu, disclosed that the government had tracked $50 million in cryptocurrency, of which $38 million was frozen in four different wallets. Additionally, N4 billion, contributed by various political actors from Abuja, Kano, Kaduna, and Katsina States, was identified as part of the protest funds.
Ribadu also unveiled that an unnamed European national has been identified as the mastermind behind the proliferation of foreign flags during the protests. According to Ribadu, this individual will soon be declared wanted by the Nigerian Police Force (NPF).
Local conspirators, traced to Abuja, Kano, and Kaduna, have been arrested. One source with direct knowledge of the meeting, speaking on condition of anonymity, confirmed, “The government was able to trace $50 million to crypto wallets that were donations to the protests. They succeeded in blocking four of those wallets containing $38 million. They also discovered that political actors contributed N4 billion to fund the protests.”
The Council of State meeting, which also addressed issues of national security, the economy, and food security, was attended by notable figures, including former Presidents Goodluck Jonathan and Muhammadu Buhari, as well as former Heads of State General Yakubu Gowon and General Abdulsalami Abubakar, who joined virtually. Governors of Abia, Adamawa, and Akwa Ibom States were also in attendance. However, former President Olusegun Obasanjo and former Head of State General Ibrahim Babangida were notably absent.
The meeting took place just days after a one-million-man march in Abuja, marking the 10th day of nationwide protests against the rising cost of living. The protests, which began on August 1, quickly escalated into violence, particularly in the northern regions, resulting in the reported deaths of at least 17 people.
Viral videos from the protests in Kano, Kaduna and Zamfara States showed demonstrators waving foreign flags, including the Russian flag, and chanting in Hausa, “We don’t want bad government” and “Welcome, Russia.” The Nigerian military has since condemned the use of Russian flags during the protests as a “treasonable offence” and vowed to take serious action against those responsible.
In a national broadcast on August 4, President Tinubu addressed the ongoing protests, urging demonstrators not to allow “enemies of democracy” to exploit them for promoting an “unconstitutional agenda” that could jeopardize Nigeria’s democratic progress.
The protests, which started as a response to the rising cost of living, have drawn significant attention due to the involvement of foreign elements and the substantial funds allegedly mobilized to sustain the unrest.
CREDIT: LEADERSHIP NEWS
Uncategorized
Why is Ethiopia just entering 2017 and celebrating a New Year in September?
Ethiopia’s unique timing for celebrating the New Year and its calendar system are due to its use of the Ethiopian calendar, which differs from the Gregorian calendar used by most of the world. Here’s why Ethiopia is just entering the year 2017 and celebrating New Year in September:
1. Ethiopian Calendar Overview:
- Calendar System: Ethiopia uses the Ethiopian calendar, which is also known as the Ge’ez calendar. This calendar is based on the Coptic calendar and has 13 months.
- Months: The Ethiopian calendar consists of 12 months of 30 days each and an additional month called “Pagumē” that has 5 days in a common year and 6 days in a leap year.
- Year Length: The Ethiopian calendar year is roughly 365.25 days long, similar to the Gregorian calendar but slightly different in its calculation of leap years.
2. New Year Date:
- Ethiopian New Year: The Ethiopian New Year, known as “Enkutatash,” falls on Meskerem 1, which corresponds to September 11th (or September 12th in a Gregorian leap year). This is different from January 1st in the Gregorian calendar.
3. Year Difference:
- Offset: The Ethiopian calendar is approximately 7-8 years behind the Gregorian calendar. As of 2024 in the Gregorian calendar, it is 2017 in the Ethiopian calendar. This discrepancy is due to differences in the calculation of the birth year of Jesus Christ and variations in the way years are counted.
4. Historical and Cultural Factors:
- Cultural Tradition: The Ethiopian calendar has been used for centuries in Ethiopia and is deeply rooted in the country’s history and religious practices. The calendar’s structure and the timing of New Year celebrations reflect Ethiopia’s unique cultural and historical context.
- Religious Significance: The Ethiopian calendar is closely linked with the Ethiopian Orthodox Church and its liturgical practices. Many Ethiopian holidays and observances are based on this calendar.
In summary, Ethiopia is in the year 2017 according to its own calendar system, and it celebrates the New Year in September due to the Ethiopian calendar’s unique structure and historical origins.
Uncategorized
No PDP congress in Rivers, Wike held party with friends – Ugochinyere
Hon. Ikenga Ugochinyere (PDP, Imo), a member of the House of Representatives representing Ideato North South Federal Constituency, has stated that no official Peoples Democratic Party (PDP) congress took place in Rivers State over the weekend.
According to Ugochinyere, what occurred was not a genuine party congress but rather a social event hosted by FCT Minister Nyesom Wike, who presented it as a congress.
The state congresses of the main opposition party took place over the weekend and faced several complaints from various states, including Rivers, Benue, Katsina, and Kogi.
In Rivers State, the congress proceeded despite a court order prohibiting it. This situation has created a conflict between the National Working Committee (NWC), which authorized the congress, and the PDP Governors Forum, which believes Governor Siminalayi Fubara should continue as the party leader in the state.
Wike and his faction are also asserting control over the party structure following a congress that was boycotted by the state governor and his supporters. The PDP has indicated that the process will be reviewed by the party’s organs.
In a statement on Saturday, Ugochinyere, spokesperson for the G-60 federal lawmakers in the House of Representatives, dismissed the event organized by Wike’s faction as merely a social gathering masquerading as a party congress.
Ugochinyere stated that no official PDP congress took place in Rivers State. Instead, he described Wike’s event as a desperate attempt to impress his diminishing followers, calling it an “owambe party” rather than a genuine congress.
He highlighted that an interim court order had been issued in July by Justice Charles Wali of the Port Harcourt State High Court, prohibiting the PDP from holding congresses in the state. According to Ugochinyere, the so-called congress organized by Wike and his associates was a futile exercise and a blatant disregard of the court’s order.
He concluded, “The purported congress is invalid and meaningless as it defies the existing court order. Such gatherings, which attempt to pass off as PDP congresses, are nothing more than futile exercises.”
Uncategorized
Fuel price hike: You’re silent, nowhere to be found – Bwala tackles NNPC GMD, Mele Kyari
Former spokesman of the ex-presidential candidate of the Peoples Democratic Party, PDP, Daniel Bwala, has accused the Group Managing Director of Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, of silence amid the current fuel price hike in Nigeria.
Bwala said Kyari should have educated Nigerians about the current situation of fuel price hike in the country.
He also accused the Federal Government of allegedly failing to properly educate Nigerians about the recent fuel price hike.
Posting on X, Bwala wrote: “When NNPCL announced a major policy decision like the increase of petrol, you would expect the GMD to make the media rounds dissecting and explaining to Nigerians the genuine intentions of govt based on economic realities.
“But alas, he is nowhere to be found; totally incommunicado.
“The minister of state for petroleum too is incommunicado; and this has given room for the opposition to peddle all kinds of negative narrative around it.”
Nigerians are currently experiencing long queues in filling stations owing the scarcity of fuel and a price hike from N617 per litre to N897 per litre.
The increment, which the NNPCL has not officially confirmed, comes days after the national oil company said it was heavily constrained by the huge debt it owes international suppliers.
NNPCL was said to owe suppliers an estimated to be $6.8 billion.
CREDIT: DAILY POST
-
World News11 months ago
What we know about Israel’s war with Hamas
-
Sports11 months ago
LaLiga: Everyone want to play with him – Vinicius on player Real Madrid should sign
-
World News11 months ago
Iran calls on Islamic, Arab countries to confront Israel
-
Tech11 months ago
Top 10 AI Skills to Learn in 2023
-
ICT1 year ago
Apple Bows To EU, Unveils iPhone With USB-C Charger
-
Entertainment11 months ago
BET Hip-Hop Awards: Black Sherif wins big as Burna Boy loses seven nominations
-
ICT1 year ago
Apple iPhone 15 and iPhone 15 Pro pricing around the world
-
Entertainment11 months ago
‘Black Panther’ star Lupita Nyong’o breaks up with boyfriend, Selema Masekela