News
UK imposes sanctions on Russian banks, oligarchs
Britain on Tuesday slapped sanctions on five Russian banks and three billionaires, in what Prime Minister Boris Johnson called “the first barrage” of measures in response to the Kremlin’s actions in Ukraine.
Addressing the UK parliament hours after Russia ordered troops into two Moscow-backed Ukrainian rebel regions, Johnson described the move as “a renewed invasion” of its western neighbour and “pretext for a full-scale offensive”.
“The UK and our allies will begin to impose the sanctions on Russia that we have already prepared… to sanction Russian individuals and entities of strategic importance to the Kremlin,” he told MPs.
The five banks targeted — Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank — and three people sanctioned will see any UK assets frozen.
The individuals concerned — Gennady Timchenko, Boris Rotenberg and Igor Rotenberg — will be barred from entering Britain and all UK individuals and entities will be banned from dealing with them and the banks.
“We cannot tell what will happen in the days ahead,” Johnson added in the House of Commons, amid cross-party condemnation of Moscow’s actions.
“But… we should steel ourselves for a protracted crisis.”
The announcement came after Russia’s ambassador to Britain was called into the foreign ministry in London “to explain” its action, the ministry said.
“We made clear to the Russian Ambassador that Russia would pay the price for its actions through further sanctions if it did not withdraw its troops,” a ministry spokesperson added.
– ‘Need to do better’ –
Earlier Tuesday, Johnson chaired a meeting with security chiefs, after which he vowed measures to hit Moscow “very hard”.
Weeks ago, he also pledged sanctions will “come down like a steel trap in the event of the first Russian toecap crossing into more sovereign Ukrainian territory”.
However numerous British lawmakers, including from within his ruling Conservative party, were left underwhelmed by the steps outlined, and urged him to go further.
Labour MP Ben Bradshaw noted the three oligarchs had been sanctioned in the United States four years ago.
“We need to do better than that, prime minister,” Bradshaw said, urging more use of so-called unexplained wealth orders against Russians in Britain as well as reviews of high-net-worth UK visas granted to them.
Johnson insisted further sanctions were “at readiness to be deployed” if the Kremlin continued its aggression.
Russian President Vladimir Putin on Monday recognised the independence of the rebel-held Donetsk and Lugansk regions of Ukraine and instructed the defence ministry to assume “the function of peacekeeping” in the separatist-held regions.
Its foreign ministry insisted Tuesday it was not planning to send troops to other parts of eastern Ukraine beyond the separatist areas “for now”.
However, Monday’s move ratcheted up weeks of tensions and punctured Western diplomatic efforts to de-escalate the situation, after a massive build-up of troops on Ukraine’s border.
Britain’s relations with the Kremlin have been frosty since the radiation poisoning death of a former Russian spy in London in 2006, and the attempted murder of another double agent in the southwestern city of Salisbury in 2018.
Successive governments in London, however, have faced sustained pressure to act against illicit Russian money circulating through the city’s financial markets in recent decades.
The Nigeria Customs Service (NCS) has announced a record revenue collection of N5.7 trillion as of November 12, 2024, surpassing its yearly target by 10 percent.
This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, at the ongoing 2024 Comptroller-General of Customs Conference in Abuja.
Themed “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” the conference showcased the Customs Service’s progress in modernizing its operations and fostering collaborative partnerships.
“Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements,” Adeniyi stated.
He attributed the revenue growth to a series of reforms, including the implementation of a one-stop solution for cargo alerts, a revamped ICT infrastructure, streamlined inspection procedures, and enhanced automation.
Adeniyi explained that these changes reflect the agency’s commitment to elevating operational transparency and efficiency.
“We pledged to re-align our free trade operations, elevate cargo integrity standards, and expand our scanning capacities,” he said.
“Above all, we promised to usher in a new era of customs operations—one built on transparency, efficiency, and genuine collaborations with our partners.”
As of Tuesday, November 12, Adeniyi confirmed that the NCS collected N5.07 trillion, achieving the anticipated 10 percent revenue surplus.
“This performance validates our partnership-driven approach to revenue collection and trade facilitation,” he added.
Adeniyi also highlighted recent strides in trade facilitation, revealing that six companies have been selected to benefit from the Authorised Economic Operators programme, which provides fast-tracked customs clearance and other trade facilitation benefits.
Similarly, the NCS has processed 21 requests under an advance ruling programme, designed to expedite customs decisions on import and export cargoes before they reach Nigerian ports.
The Comptroller-General expressed optimism about the NCS’s potential to drive further economic growth, citing the agency’s commitment to fostering partnerships and advancing innovative practices within the customs sector.
Nineteen out of the thirty-eight directors who were shortlisted to fill permanent secretary vacancies within the Federal Civil Service have failed the qualifying examination, a memo from the Office of the Head of Civil Service of the Federation (OHCSF) revealed on Tuesday.
The memo, signed by Dr. Emmanuel Meribole on behalf of the examination committee, disclosed that the qualifying exam was conducted on Monday, November 11, 2024.
The Federal Government, through the OHCSF, launched the recruitment drive in October to fill permanent secretary vacancies in eight states.
Providing insights into the progress, Eno Olotu, Director of Press at OHCSF, stated, “Of the 38 eligible directors who sat for the exam, 19 have passed the first stage and will move on to the second stage, which will assess their competency in using Information and Communication Technology (ICT) in government operations on Wednesday, November 13, 2024.”
Olotu highlighted the rigorous three-stage selection process, designed to ensure that only the most capable individuals are appointed to these high-ranking civil service roles.
This comprehensive approach, according to OHCSF, aims to elevate the quality of leadership across federal ministries.
The directors who advance beyond the ICT proficiency test will face a final stage on Friday, November 15, 2024, where a panel of senior government officials and private sector experts will conduct a final evaluation to determine their suitability for the permanent secretary positions.
The Chairman of the House Committee on the Federal Road Maintenance Agency (FERMA) and representative of Ibarapa East/Ido Federal Constituency in Oyo State, Engr. Aderemi Oseni, on Saturday urged the community to unite in advancing key development projects aimed at transforming Ikogosi.
Speaking at this year’s Ikogosi Day celebration and the launch of a N1 billion development project in Ekiti, the lawmaker, who served as the Chairman of the occasion, emphasised the importance of unity and collective action.
He encouraged attendees to approach the celebration as a call to action for the betterment of their community.
“As we all know, Ikogosi is not merely a town; it is a treasured gem in the heart of Ekiti State and Nigeria as a whole,” he said. “Ikogosi, a historic and vibrant town, plays a vital role in the tourism and economic landscape of Ekiti State. Its rich cultural heritage and unique resources draw visitors and stimulate economic activities that benefit us all.”
“Today is not just a celebration; it is a call to action,” he continued. “Let us come together, united in purpose, to support these transformative projects that promise to uplift the Ikogosi community. I urge everyone here to invest their time, resources, and energy in this endeavor. Together, we can build a legacy of self-help and development that future generations will cherish.”
Reflecting on the broader challenges facing the country, Oseni encouraged the people of Ikogosi and all Nigerians to remain hopeful and resilient, assuring them of President Bola Ahmed Tinubu’s commitment to a brighter future for the nation.
“To the good people of Ikogosi and all citizens of Nigeria, I urge you to remain steadfast and hopeful. President Bola Ahmed Tinubu means well for all Nigerians. The APC-led administration’s Renewed Hope agenda holds the promise of a brighter future. Though the beginnings may be challenging, perseverance will guide us toward a prosperous new Nigeria,” he stated.
In a statement released by his media aide, Idowu Ayodele, the lawmaker lauded the Ekiti State government under Governor Biodun Oyebanji’s leadership for its transformative efforts in governance and development.
He acknowledged the strides made by the governor and praised his impactful initiatives, which have set Ekiti on a progressive path.
“First and foremost, let me commend the Ekiti State government under the leadership of His Excellency, Mr. Biodun Abayomi Oyebanji. The trailblazing development initiatives and effective governance during your tenure have not gone unnoticed,” Oseni remarked.
“Under your stewardship, we have witnessed remarkable progress and commendable governance that have undoubtedly made Ekiti State a shining example of peace and development,” he added.
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