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NATO debates ‘security guarantees’ for Ukraine

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(L to R) Turkey’s Permanent Representative to NATO Zeki Levant Gumrukcu, Britain’s Secretary of State for Foreign, Commonwealth and Development Affairs James Cleverly, US Secretary of State Antony Blinken and Sweden’s Foreign Minister Tobias Billstrom attend an informal meeting of NATO Foreign Affairs Ministers at The Oslo City Hall in Oslo, Norway on June 1, 2023. (Photo by Javad Parsa / POOL / AFP)

NATO foreign ministers meeting in Oslo Thursday debated providing security guarantees to Ukraine after its war with Russia ends, as the alliance looks to narrow divisions over Kyiv’s push to join the bloc.

Russia’s invasion of Ukraine in February last year has galvanised the Western military alliance set up almost 75 years ago to face off against the Soviet Union.

But with just over five weeks to a summit of NATO leaders in Lithuania’s capital Vilnius there are splits on key issues.

Chief among them is Kyiv’s push to join NATO, an organisation that requires consensus to make decisions.

Ukraine’s President Volodymyr Zelensky, backed by NATO countries in eastern Europe, is calling for a “clear message” at the July summit that Kyiv will join once the war with Russia ends.

US Secretary of State Antony Blinken (L) and Sweden’s Foreign Minister Tobias Billstrom attend an informal meeting of NATO Foreign Affairs Ministers at The Oslo City Hall in Oslo, Norway on June 1, 2023. (Photo by Lise ASERUD / POOL / AFP)

 

But diplomats from NATO countries say its dominant military power, the United States, is reluctant to go further than a 2008 vow that Ukraine would one day become a member.

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Joining NATO would mean Ukraine would be covered by the alliance’s Article 5 collective defence clause that obliges all allies to help defend it if attacked.

One option being weighed is major powers offering Ukraine bilateral security assurances in the years before it becomes a full NATO member.

“We need to ensure that history doesn’t repeat itself, that this pattern of Russian aggression against Ukraine really stops,” NATO Secretary General Jens Stoltenberg told the meeting in Oslo.

“Therefore we need to have in place frameworks to provide guarantees for Ukrainian security after the end of the war.”

French President Emmanuel Macron on Wednesday backed “tangible and credible security guarantees” for Ukraine.

But there are major questions over how any commitments to Kyiv would work.

“We must give strong defence guarantees to Ukraine,” said Estonia’s Foreign Minister Margus Tsahkna.

“This is a clear message to (President Vladimir) Putin and to Russia. They know and understand only the clear language.”

On a practical level, Stoltenberg is pushing for a decade-long programme worth 500 million euros ($530 million) per year to help Ukraine’s military switch to Western standards.

That would be on top of the tens of billions of dollars in arms that allies have already sent.

“The most urgent and important task now is to ensure that Ukraine prevails,” Stoltenberg said.

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New NATO head?

Another hot potato for the Vilnius gathering is a new pledge to boost NATO’s current target for each member to spend at least two percent of gross domestic product on defence.

Only seven members hit that figure last year, and the allies agree on the need to make the two-percent goal “a floor, not a ceiling”.

But Eastern European members, which have already boosted defence spending beyond that, are disappointed by the lack of ambition shown by some allies.

On the other side, members such as Canada and Luxembourg are reticent to make any greater ambition too concrete.

One issue also being discussed by ministers on the sidelines of the meeting is finding a successor to Stoltenberg as NATO secretary general.

The former Norwegian premier has held the post since 2014. Last year, following Russia’s invasion of Ukraine, his tenure was extended to September this year.

Danish Prime Minister Mette Frederiksen has emerged as a possible frontrunner and is heading to Washington next week for a meeting with US President Joe Biden.

She has bolstered her case by promising to triple Denmark’s defence budget over the next decade.

But newer NATO members from the eastern part of Europe complain it is time one of their politicians gets the job, arguing it should not be dominated by just one region.

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Other names being mentioned are Estonian Prime Minister Kaja Kallas, Romania’s President Klaus Iohannis, and British Defence Secretary Ben Wallace.

Diplomats say that if no clear choice emerges then Stoltenberg — who says he won’t put himself forward — may be asked to stay on still longer, into next year.

 

 

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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.

ALSO READ  12 killed as Russian strikes hit Ukraine

 

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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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