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Gabon Coup Leader To Be Sworn In As ‘Transitional President’

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Head of Gabon’s elite Republican Guard, General Brice Oligui Nguema (R), is decorated by Gabon Prime Minister Alain Claude Bilie Bie Nze (L) in Libreville on August 16, 2023 during celebrations ahead of Gabon Independence day celebrated on August 17, 2023. (Photo by AFP)

The general who came to power in Gabon’s coup last week is to be sworn in as “transitional president” on Monday, taking control for an unspecified period after overthrowing the country’s 55-year Bongo dynasty.

General Brice Oligui Nguema, the head of the elite Republican Guard, led officers in a military coup on Wednesday against President Ali Bongo Ondimba, scion of a family that had ruled for more than five decades.

The ousting came just moments after Bongo, 64, was proclaimed victor in last month’s presidential election — a result branded a fraud by the opposition.

The putsch was “bloodless”, according to Oligui, with no reports of deaths or injuries.

Elections Promised 

The coup leaders said they had dissolved the nation’s institutions, cancelled the election results, and closed the borders, later adding they had decided to reopen them.

Other countries have not acknowledged Oligui as Gabon’s legitimate leader and he faces pressure to spell out his plans for restoring civilian rule.

Oligui was lifted up triumphantly by his troops following the announcement of the coup, and in the days since has been seen flanked by generals and colonels.

He has repeated his promise to organise “free, transparent, credible and peaceful elections”, without specifying when they would take place but saying that a new constitution must first be adopted by referendum.

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On Friday, he vowed to create more democratic institutions that respect human rights, but said he would proceed “without haste”.

A fringe of the former opposition is urging Oligui to hand over power, but many people in Gabon seem happy about the overthrow of the Bongo dynasty, with celebrations in the streets of the capital Libreville and the economic hub of Port-Gentil.

Several Western countries and organisations have condemned the coup while acknowledging that it is different to others on the continent due to concerns over the credibility of the vote itself.

“Naturally, military coups are not the solution, but we must not forget that in Gabon there had been elections full of irregularities,” said the European Union’s foreign policy chief Josep Borrell.

Since the overthrow, Oligui has held hours of high-profile discussions with business and religious leaders, unions, political parties, NGOs, diplomats, and journalists, and has been taking notes and responding at length to questions and grievances.

 ‘Make Noise’ 

Former president Bongo had been seeking his third term in office after coming to power in 2009 following the death of his father Omar, who ruled Gabon with an iron fist for over 40 years.

The coup leaders said Wednesday they had put him under house arrest and placed him “in retirement”.

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But Bongo managed to distribute a video on social media where he said his son and wife Sylvia had been detained, appealing to “all friends that we have all over the world… to make noise” on his behalf.

National TV on Friday showed rolling images of the deposed president’s son Noureddin Bongo Valentin and other arrested officials in front of suitcases filled with cash allegedly seized from their homes.

The military has accused them of treason, embezzlement, corruption and falsifying the president’s signature, among other allegations.

Five other countries in Africa — Mali, Guinea, Sudan, Burkina Faso and Niger — have undergone coups in the last three years. Their new rulers have resisted demands for a short timetable for returning to barracks.

 

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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