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West African military chiefs to meet over Niger coup

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West African military chiefs are set to meet Thursday in Ghana to coordinate a possible intervention aimed at reversing Niger’s coup.

Alarmed by a cascade of takeovers in the region, the Economic Community of West African States (ECOWAS) has decided to create a “standby force to restore constitutional order” in Niger.

The meeting of the top brass on Thursday and Friday comes after fresh violence in the insurgent-hit country, with jihadists killing at least 17 soldiers in an ambush.

An army detachment was “the victim of a terrorist ambush near the town of Koutougou” in the Tillaberi region near Burkina Faso on Tuesday, Niger’s defence ministry said.

Twenty more soldiers were wounded, six seriously, in the heaviest losses since the July 26 coup.

Jihadist insurgencies have gripped Africa’s Sahel region for more than a decade, breaking out in northern Mali in 2012 before spreading to neighbouring Niger and Burkina Faso in 2015.

The “three borders” area between the countries is regularly the scene of attacks by rebels affiliated with the Islamic State group and Al-Qaeda.

The unrest across the region has killed thousands of troops, police officers and civilians, and forced millions to flee their homes.

Anger at the bloodshed has fuelled military coups in all three countries since 2020, with Niger the latest to fall when its elected President Mohamed Bazoum was ousted on July 26.

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The generals who have detained Bazoum said “the deteriorating security situation” sparked the coup.

– Diplomatic efforts –

Analysts say an intervention to oust the coup’s leaders would be militarily and politically risky, and the bloc has said it prefers a diplomatic outcome.

ECOWAS issued a statement Tuesday “strongly condemning” the latest attack, urging the military “to restore constitutional order in Niger to be able to focus (its) attention on security… weaker since the attempted coup d’etat”.

Talks have taken place this week in Addis Ababa among ECOWAS and Niger representatives under the aegis of the African Union.

The United States said Wednesday that a new ambassador would soon head to Niger to help lead diplomacy aimed at reversing the coup.

Kathleen FitzGibbon, a career diplomat with extensive experience in Africa, will travel to Niamey despite the ordered departure of the embassy’s non-emergency staff.

On Tuesday, Niger’s military-appointed civilian prime minister, Ali Mahaman Lamine Zeine, made an unannounced visit to neighbouring Chad — a key nation in the unstable Sahel but not a member of ECOWAS.

He met President Mahamat Idriss Deby Itno, offering what he described as a message of “good neighbourliness and good fraternity” from the head of Niger’s regime.

“We are in a process of transition, we discussed the ins and outs and reiterated our availability to remain open and talk with all parties, but insist on our country’s independence,” Zeine said.

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– UN food warning –

Bazoum’s election in 2021 was a landmark in Niger’s history, ushering in its first peaceful transfer of power since independence from France in 1960.

He survived two attempted coups before being toppled in the country’s fifth military takeover.

ECOWAS has applied a raft of trade and financial sanctions while France, Germany and the United States have suspended their aid programmes.

The measures are being applied to one of the poorest countries in the world, which regularly ranks bottom of the UN’s Human Development Index.

The United Nations warned Wednesday that the crisis could significantly worsen food insecurity in the impoverished country, urging humanitarian exemptions to sanctions and border closures to avert catastrophe.

Niger is also facing a jihadist insurgency in its southeast from militants crossing from Nigeria — the cradle of a campaign initiated by Boko Haram in 2010.

 

 

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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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