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N/Korea Vows To Strike Guam, US Territory In Days

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North Korea says its plan to fire four missiles near the US territory of Guam will soon be ready, as a war of words with Washington intensifies.

State media said Hwasong-12 rockets would pass over Japan and land in the sea about 30km (17 miles) from Guam, if the plan was approved by Kim Jong-un.

It denounced Donald Trump’s warnings of ‘fire and fury” and said the US leader was “bereft of reason”.

The US has warned the North its actions could mean the “end of its regime”.

US Defence Secretary Jim Mattis said Pyongyang would be “grossly overmatched” in any war against the US and its allies.

The BBC’s Rupert Wingfield-Hayes, who is in Guam, says there is a sense that the North Korean threat is rhetorical, as most people feel that if they really did strike with missiles it would be suicidal for the North Korean regime.

What is the North planning?

The North first announced on Wednesday that it had been drawing up plans for a missile strike against Guam, a Pacific island which is home to US military bases, strategic bombers and about 163,000 people.

A later statement carried by state media said the military would “finally complete the plan” by mid-August and send it to leader Kim Jong-un for his approval.

“The Hwasong-12 rockets to be launched by the KPA [Korean People’s Army] will cross the sky above Shimane, Hiroshima and Koichi [Kochi] Prefectures of Japan,” state news agency KCNA said, quoting army chief General Kim Rak Gyom.

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“They will fly 3,356.7km for 1,065 seconds and hit the waters 30-40km away from Guam.”

The Hwasong missiles are North Korea’s domestically produced medium and long-range weapons.

on Thursday, telling Reuters news agency that North Korea usually likes to be unpredictable and has fired surprise missiles in the past.

“They’re now telegraphing their punch, which means they don’t want to have any misunderstandings. I think that’s a position of fear,” said Governor Eddie Calvo.

What have the two sides been saying?

North Korean state media said President Trump’s remarks on Tuesday that the North risked “fire and fury” for threatening the US were “a load of nonsense”.

“Sound dialogue is not possible with such a guy bereft of reason and only absolute force can work on him,” it added.

Amid escalating rhetoric, Mr Mattis issued a strongly worded statement on Wednesday calling on Pyongyang to halt its arms programme.

“The DPRK [Democratic People’s Republic of Korea] must choose to stop isolating itself and stand down its pursuit of nuclear weapons,” he said.

“While our state department is making every effort to resolve this global threat through diplomatic means, it must be noted that the combined allied militaries now possess the most precise, rehearsed and robust defensive and offensive capabilities on Earth.”

My first order as President was to renovate and modernize our nuclear arsenal. It is now far stronger and more powerful than ever before…

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Mr Trump boasted about America’s atomic arsenal earlier on Wednesday.

Tweeting from New Jersey where he is on holiday, the president said the US nuclear stockpile was “more powerful than ever before”.

Should we be worried?

US Secretary of State Rex Tillerson has sought to reassure Americans that North Korea does not pose an imminent threat.

Speaking in Guam, where he was making a scheduled visit, he said he was hopeful a global “pressure campaign” involving Russia and China could lead to new dialogue with Pyongyang “about a different future”.

Mr Tillerson said the situation had not dramatically changed over the past few days, and that Americans “should sleep well at night”.

South Korea’s military has said it has not seen any unusual action in the North that might indicate a provocation.

China has urged calm, describing the situation as “complex and sensitive”.

Despite rounds of UN sanctions, Pyongyang carried out two nuclear tests last year and two intercontinental ballistic missile tests in July.

Various reports recently have suggested the North has now achieved its goal of making a nuclear warhead small enough to fit inside its missiles.

But this remains unconfirmed, and most analysts doubt the country would launch a pre-emptive attack on the US.

The tiny but important island of Guam

The 541sq km (209 sq miles) volcanic and coral island in the Pacific between the Philippines and Hawaii.

It is a “non-incorporated” US territory, with a population of about 163,000.

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That means people born in Guam are US citizens, have an elected governor and House Representative, but cannot vote for a president in US national elections.

US military bases cover about a quarter of the island. About 6,000 personnel are based there and there are plans to move in thousands more.

It was a key US base in World War Two, and remains a vital staging post for US operations, giving access to potential flashpoints like the South China Sea, the Koreas and the Taiwan Straits.

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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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