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Wednesday, 27 March 2024 04:37

CBN raises interest rate yet again

Central Bank of Nigeria (CBN), on Tuesday, raised the interest rate by 200 basis points from 22.75 per cent to 24.75 per cent amid soaring inflation.

The central bank made this known after the two-day Monetary Policy Committee (MPC) meeting held between Monday and Tuesday.

According to the National Bureau of Statistics, the country’s latest annual inflation rate jumped to 31.70 per cent from 29.90 per cent a month prior, primarily fueled by a continuous surge in food prices.

Olayemi Cardoso, governor of the CBN, on Tuesday, disclosed that the MPC voted to adjust the asymmetric corridor around the MPR at +100 to -300 basis points.

He said the committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant banks from 10 per cent to 14 per cent.

The committee also voted to retain the liquidity at 30 per cent.

According to him, the committee’s considerations focused on the current inflationary pressures and the need to anchor inflation expectations as well as ensure sustained exchange rate stability.

“These considerations underscore the importance of the ECB and its commitment to the price stability mandate and the need to urgently bring inflation under control to ensure that the purchasing power of ordinary Nigerians is restored in the short to medium term.

“Members noted the continued rise in headline inflation driven largely by food prices, because of supply shortages, and high cost of Logistics and Distribution. The committee, therefore, was of the view that addressing food insecurity is key to containing current inflationary pressures.

“On this note, members commended the ongoing efforts of the federal government towards addressing food insecurity. Some of these measures include the provision of various palliatives release of grains from the strategic reserves, distribution of seeds and fertilisers as well as farm implements for dry season farming. The committee therefore called for the full implementation of the federal government’s agricultural policies and programmes to improve food supply and further advised for broader fiscal consolidation, particularly on the improvements of tax collection and tax to GDP ratio,” he said.

Cardoso said the committee will continue to monitor developments in the global and domestic economies to ensure that inflationary expectations are anchored to restore and sustain macroeconomic stability.

He announced that the next meeting of the MPC will be held on 20 and 21 May.

 

PT

Reactions have trailed bandits seen in viral videos displaying cash supposedly collected from victims.

Videos of the ransoms were uploaded on Tiktok.

The monies were seen in a series of post on X by a counter-insurgency expert and security analyst, Zagazola Makama.

Makama said the user of the social network account has over 3000 followers.

He noted that some of them are bandits who openly show off their rifles and are dressed in military or police uniforms.

“Audacity: Bandit on Tiktok flaunting and showing off ransom money he collected from his victims.”

“The user of the account has 3000 followers, some of them are bandits who openly show off their rifles and are dressed in military or police uniforms.

“Tiktok platform has given room for insurgents to promote their campaign of terror without being restricted,” he wrote.

The post has elicited anger.

Writing via @tundealuko, one Tunde Aluko said: “Bandit has a social media account and ‘can’t be found” random user post a comment about EFCC chairman and was arrested under 2 weeks.”

@mobilisingniger: “The annoying thing is the video was taken 3days ago. There is a video where he was showing where he went to collect ransom from his victim.”

@Sikowitz17: “If someone insulted the IGP or the presidency and had a video showing his face on TikTok or Twitter. He’d have been arrested within hours.”

@Kings_Things: “Openly showing off rifles and flexing on the gram, Nigerian security forces refuse to do anything to apprehend them. Every Nigerian deserves the right to legally own a gun to protect themselves because no one will protect you better than yourself.”

@obajemujnr: “Security can track anyone who dares insult politicians, but they can’t track b@ndits flaunting ill-gotten wealth on TikTok. That speaks volumes.”

@aamowuN: “Nigerian police spokesman brazenly bragged here that he can locate anyone who called out the Nigerian police on social media within minutes but can’t locate bandit who roam freely on social media. Abi the rule of location does not apply to terrorists?”

@AmaraDeborah1: “Thinking TikTok is the problem here is crazy. This is an evidence of a failed state. A country that massages ego of terrorists, negotiated (fund them), reintegrates the arrested ones into the society and pays them, then sets up armoured vehicles to raze down civilian communities.”

@toyeebarowona: “The government is doing a lot to fight terrorism but this might be a wake up call to the government to do more in its war against terrorism. We can’t allow miscreants to mock us as a nation.”

@VictorFargo: “Nigeria insecurity crisis have given insurgents the audacity to post on social media. Don’t blame it on tiktok, this is an easy opportunity to track them.”

@Tsure1∅1: “These people are completely animal. You are calling the name of God to do evil, kill, and rob people because of the guns you have in your possession.”

 

Daily Trust

Togolese lawmakers adopted a new constitution on Monday, moving the country from a presidential to a parliamentary system and giving parliament the power to elect the president of the small West African country.

The president will be chosen “without debate” by lawmakers “for a single six-year term”, and not by the public, according to the new text.

The vote comes less than a month before the next legislative elections in Togo, but it is not yet known when the change — which was approved with 89 votes in favour, one against and one abstention — will come into force.

Currently, the president can serve a maximum of two five-year terms.

The change to the constitution, proposed by a group of lawmakers mostly from the Union for the Republic (UNIR) ruling party, was adopted almost unanimously.

The country’s opposition, which boycotted the last legislative elections in 2018 and denounced “irregularities” in the electoral census, is poorly represented in the national assembly.

The new constitution also introduces the position of “president of the council of ministers” with “full authority and power to manage the affairs of the government and to be held accountable accordingly.”

The president of the council of ministers is “the leader of the party or the leader of the majority coalition of parties following the legislative elections. The position will be held for a six-year term,” according to the text.

“The head of state is practically divested of his powers in favour of the president of the council of ministers, who becomes the person who represents the Togolese Republic abroad, and who effectively leads the country in its day-to-day management,” said Tchitchao Tchalim, chairman of the national assembly’s committee on constitutional laws, legislation and general administration.

The new text will mark Togo’s entry into its fifth republic, with the last major constitutional change dating back to 1992.

It comes less than a month before the next legislative elections, due to be held on April 20 at the same time as regional elections, in which the opposition has announced its participation.

In 2019, members of parliament revised the constitution to limit presidential terms to two, but it did not apply retrospectively, leaving President Faure Gnassingbe free to stand for the next two elections.

Gnassingbe — in power since 2005 — succeeded his father, General Gnassingbe Eyadema, who seized power in a coup more than 50 years ago.

 

The Guardian

Israel confirms Hamas deputy military commander killed in Israeli strike

Hamas deputy military commander Marwan Issa was killed in an Israeli strike this month, Israel's military spokesperson said on Tuesday, confirming reports from earlier in the month.

"We have checked all the intelligence," Daniel Hagari said in a televised statement. "Marwan Issa was eliminated in the strike we carried out around two weeks ago," he said.

There was no immediate comment from Hamas.

Issa was at the top of Israel's most-wanted list together with Mohammed Deif, the head of Hamas' military wing, the Izz el-Deen al-Qassam Brigades, and Hamas' leader in Gaza, Yahya Sinwar, who are believed to have masterminded the group's Oct. 7 attack on southern Israel that triggered the Gaza war.

 

Reuters

RUSSIAN PERSPECTIVE

Russia delivers strike at Ukrainian intelligence decision-making centers

Russian forces delivered a combined strike by long-range precision weapons and unmanned aerial vehicles against Ukrainian intelligence decision-making centers and sites and foreign mercenaries’ deployment areas over the past day in the special military operation in Ukraine, Russia’s Defense Ministry reported on Tuesday.

"During the last 24-hour period, the Russian Armed Forces delivered a combined strike by seaborne and ground-based long-range precision weapons and unmanned aerial vehicles against SBU [Ukrainian Security Service] decision-making centers and sites, military-industrial enterprises and deployment areas of Ukrainian Neo-Nazi formations and foreign mercenaries. All the targets were struck. The goals of the strike were achieved," the ministry said in a statement.

On March 16-22, Russian troops delivered 49 retaliatory strikes with precision weapons, including Kinzhal hypersonic missiles in response to Kiev’s shelling of Russian populated areas and attempts to break through into its territory, the ministry reported.

On March 24, Russia’s Aerospace Forces delivered a combined strike by air-launched precision weapons and unmanned aerial vehicles against Ukrainian electric power and gas-extracting industry sites and naval drone assembly workshops.

Russian President Vladimir Putin said at a meeting with Security Council permanent members that the enemy’s strikes delivered against Russia’s populated areas during the presidential election would trigger a retaliatory strike.

 

WESTERN PERSPECTIVE

Ukrainian missile attack hits Russian warship and reconnaissance vessel, navy says

A Ukrainian missile attack struck a Russian naval reconnaissance vessel and a large landing warship that Moscow captured from Kyiv during the annexation of the Crimean peninsula in 2014, Ukraine's navy said on Tuesday.

Ukraine hit the vessels during an attack on Crimea at the weekend, the navy said. The fact of that strike was already known, but the military had said it hit two other warships, the Azov and Yamal large landing ships.

The navy said the Konstantin Olshansky large landing ship was struck with a Neptune anti-ship missile, sustaining damage that Kyiv was still assessing.

"Currently, this ship is not combat-capable," navy spokesman Dmytro Pletenchuk said on national television, adding that the Ivan Khurs reconnaissance vessel had also been hit.

There was no immediate comment from Russia.

Russia's Black Sea Fleet, which Moscow used to project power into the Mediterranean and Middle East before the war, has suffered a string of blows as Ukraine has picked off warships and even a submarine with naval drones and missiles.

Earlier this month, Russia confirmed the appointment of a new head of its navy in what was seen in Ukraine as tacit acknowledgement of the success of their naval attacks even though Ukraine does not have any large warships of its own.

The Konstantin Olshansky, then a Ukrainian warship, was captured by Russia along with much of the Ukrainian navy in 2014 when the Kremlin's troops seized control of Crimea, the traditional base of the Black Sea Fleet.

Russia cannibalised the vessel for parts for other landing ships, Pletenchuk said.

But Ukrainian strikes on large landing ships created a shortage and forced the Russian navy to prepare the ship to be brought back into service over the past year, he said.

"It had gone through a renovation and was being prepared for use against Ukraine, so unfortunately the decision was taken to strike this (ship)," he said.

He added that a Ukrainian-made Neptune anti-ship missile was used for the strike.

"Out of 13 (large landing ships), four have been destroyed, four are being repaired, and five are in working order," he said.

The Yamal and Azov warships that were also hit over the weekend have been taken for repairs, Pletenchuk said.

The battle in the Black Sea is important for Ukraine, which wants to secure a vital export corridor for its grain, metal and other cargo to international markets despite attempts by Russia to impose a de-facto sea blockade.

Ukraine controls several hundred kilometres of Black Sea coastline despite Russian occupation of some of its southern regions.

 

Tass/Reuters

 

Wednesday, 27 March 2024 04:33

Leadership and accountability - Toyin Falola

A lack of quality, people-oriented leadership has been the single most identified challenge to development in Nigeria. Over the years, since its independence from Britain in 1960, the quest for good (dedicated) leadership has seen Nigeria(ns) suffer through a series of upheavals—including several (sometimes brutal) military coups, a civil war, and decades of political suppression—and other developmental setbacks. Consequently, when, in 1999, the country was returned to democratic rule, which was celebrated as an ideal government model capable of delivering public goods to the masses, many were optimistic for a new dawn.

True to the hopes and aspirations of Nigerians, the first few years following the country’s return to democratic rule rekindled belief in the citizenry that leadership had, indeed, taken a turn for the better. Beyond the upward review of the national minimum wage, there were also substantial debt pardons and other economic indices, which signaled a positive start to a bright future. Such beliefs were to be further encouraged by the dedication displayed by government officials like the late Dora Akunyili (as Director General, National Agency for Food and Drugs Administration and Control (NAFDAC)) and Nuhu Ribadu (as pioneer Chairman of the Economic and Financial Crimes Commission (EFCC)), whose achievements contributed, in no little measure, to reassuring Nigerians that their interests were well looked after. This was an era when Nigerians witnessed, perhaps for the first time, the wealthy, powerful, and politically well-connected being subject to the superior arm of the law—as seen in the sanitization of Nigeria’s manufacture and importation industries, the sack of a federal minister, impeachment of three state governors, and the imprisonment of then Inspector General of Police, Tafa Balogun, after a refund of £150 million under a plea bargain.

Unfortunately for Nigeria(ns), however, the apparent transformations/reforms that followed the country’s return to democracy were to be short-lived. One occasion which revealed perceptible cracks in Nigeria’s rejuvenated democratic project was the 2003 presidential elections, which was marred by allegations, both locally and internationally, of electoral malpractices in favour of the then-ruling People’s Democratic Party (PDP) and its leader, president Olusegun Obasanjo. This was followed by another controversial presidential election in 2007, which expelled all hopes that the 2003 incident would be an isolated one. This question mark, placed on the electoral integrity of Nigeria’s reemergent and rejuvenated democracy, became a critical step in her gradual descent into political impunity.

Upon assumption of office in 2007, then-president Umaru Musa Yar’Adua, compelled by the brazenness of the electoral heist which aided his emergence, confirmed that the elections which brought him to office had “shortcomings,” to which he promised electoral reforms. But, as fate would have it, he did not live long enough to deliver on this promise. The task then fell to his vice and successor, President Goodluck Jonathan, who managed to deliver, in 2015, what is today considered Nigeria’s freest and fairest elections after the June 12, 1993, annulled votes. However, if Jonathan’s ability to deliver “free, fair and credible” elections—so dubbed for his uncharacteristic (by African standards) readiness to concede defeat—in 2015 was construed by Nigerians as a watershed moment for leadership in the country, what transpired during President Muhammadu Buhari’s eight-year stint as president would make an absolute mockery of any such optimism. To many, his administration took Nigeria back many decades.

Under the leadership of former president Buhari, Nigeria perceptibly sank deeper into the murky waters of political highhandedness and impunity. His was a government which favoured propaganda over actual service—as evidenced by how busy the trio of the presidential spokesmen, Femi Adesina, media adviser Garba Shehu, and the information minister, Lai Mohammed, were while it lasted. Returning after many months abroad in medical tourism, Buhari initiated a lacklustre performance, which characterized most of his eight years in office. In fact, the only instances of administrative vigour were to be recorded in areas of self-preservation and perpetuation. To this end, the government became notorious for defying court orders. It also showed contempt for the rule of law both in Zaria (in 2015) and Lekki (in 2020), where the army was used to disperse protesters, leading to many casualties. In the economy, the administration, in connivance with a cowed/subservient senate, plunged Nigeria(ns) into devastating debt after having depleted the national reserves without any evidence of economic development. As a self-appointed petroleum minister, Buhari oversaw the investment of billions of dollars into the maintenance and refurbishment of Nigeria’s three refineries, which remained unproductive and cost the country trillions in fuel subsidies. To wrap it all up, the administration conducted an election (in 2023) which was rife with electoral violence and malpractice: vote buying, ballot snatching, result tempering, and voter intimidation.

As has been the unspoken/unwritten constitution of the Federal Republic of Nigeria, especially since its democratic revival in 1999, exiting presidents are never held accountable by their successors, notwithstanding the extent of corruption and highhandedness observed during the former’s tenure. This political arrangement, which is even more assured when both exiting and incoming presidents belong to the same political party, however, does little in the way of protecting lieutenants who—perhaps having incurred the ire of some party heavyweight(s)—become scapegoats paraded by the nation’s anti-corruption/graft agencies to enhance the credibility image of the newly inaugurated governments. Hence, outside the occasional “political witch-hunting,” such publicly advertised trials have become the only sign of accountability in government in Nigeria. After all, as serving senator Adams Oshiomole, the former national chairman of the ruling party (APC), once declared during a presidential rally in 2019, “Once you join the APC, your sins are forgiven.”

However, if those entrusted with managing the affairs of Nigeria are so disposed to forgiving the catastrophic sins of their counterparts—who have enriched themselves at the expense of their fellow countrymen—in exchange for political support, the suffering citizenry has displayed no such magnanimous inclinations. In a social media video which went viral—catching the attention of Nigerian government officials—recently (February 17 2024), a pupil was captured in debate, denigrating Nigeria’s leadership, whom he described as a “bunch of thieves, gold-diggers, betrayers, hungry lions….” Even for one so small, his energic vituperations, which were rounded off by an invocation of thunder and doom on Nigerian “leaders,” raised different reactions, ranging from approval to disapproval and outright condemnation. While the majority of Nigerians, angered and frustrated by the increasing and unending hardship in the country, viewed the young pupil as speaking their minds, a “moral” few emphasized the moral and ethical implications of such display. They faulted the child’s teachers for their “unprofessional” conduct while also suggesting that there were better avenues to convey grievances. On its part, the Niger State government, where the concerned school is domiciled, took great offence at the development and promised to discipline the teachers.

Once responding to a question on the prevalence of corruption in Nigeria, former vice-president Yemi Osinbajo alluded that corruption thrived in Nigeria not because there was something wrong with Nigerians but because there was an “absence of consequence.” This begs the question, ‘‘what is the consequence of corruption in Nigeria?’’ Corruption, the irrational desire to become wealthy at the expense of others, has been the major bane of leadership in Nigeria. In fact, if a book were to be written about government corruption in Nigeria today, the volumes would fill many rooms. Curiously, however, while some people have spent years in prison and even paid the ultimate price for corruption and other acts that contravene the law, others have thrived because of it. It has also been the experience that anytime the subject of the consequence of corruption for public office holders comes up; citizens have been required to consider the reputation/rank of the office of the offending party when demanding justice. But, speaking both ethically and morally, should anyone who abused an office they were entrusted with enjoy the respect and privilege it carries? Is this not how sacred cows are created?

As we speak, a controversy is brewing in the national assembly over an alleged budget padding to the tune of 3.7 trillion naira. Although such behaviour has, over time, been forced on Nigerians as the standard practice amongst her lawmakers, the amount of money allegedly involved in this case has elicited much outcry from the masses who are suffering the pains of the biting policies of President Bola Tinubu. Nevertheless, more recent information, as contained in a PUNCH online publication dated 17 March 2024, shows embattled Adbul Ningi settling for a lesser fifty-three-billion-naira figure as against his original 3.7 trillion-naira claim. Of this amount—not captured in the proposal submitted by Tinubu— the paper, through its investigations, confirms that hundreds of billions have been earmarked for “vague” projects with equally “vague” locations. More so, other public investigations into the amounts earmarked for the construction of boreholes, streetlights and other constituency projects reveal that they have been grossly inflated, sometimes over a hundred per cent more than the actual costs for the best options. This, coming from a group that enjoys the best remuneration and welfare packages obtained anywhere in the world, is the worst example of stewardship that anyone can imagine.

In the face of such conduct, from a group whose concepts of ethics, values and morals apparently hold no meaning, is it any surprise that the citizenry entertains only disdain for their “leaders”? If all attempts at expressing a grievance, either through public protests or electoral decisions, have either been met with brutal force or systemic manipulations, what is the next recourse? Perhaps the Nigerian “leadership” should be thankful that the disgruntled masses appear to be satisfied with verbal options for expressing their dissatisfaction. They should consider using this period of grace, which is fast running out, to turn a new leaf instead of plotting ways to shortchange and vex the same people on whose backs they have reaped their many luxuries. In desperation, my people alter a curse-prayer: a fa yin si kotu Olorun! Who is to lift this curse?

 

You see it all the time in business: people who are vocal about their achievements, who assert their opinions, and who have a certain swagger. The person may be a boss, a coworker, or an employee.

But how can you tell if the person’s behaviors come from a place of confidence or cockiness? What’s the difference? And why does it matter?

The whole key to a cocky person’s persona is that they exude confidence that masks inadequacy. Cocky people don’t have the ability to perform at the level required, so they have to make themselves look good through arrogant, boastful behaviors and impressive appearances.

So if the surface covers up shortcomings, how does the work get done? Cocky people are masters at passing a task off to someone else and taking credit for its completion.

As the boss, you have to spend energy to unravel this dynamic. That takes time away from other jobs that are meaningful on your plate.

There are certain telltale signs to determine if the person you’re dealing with is cocky or confident.

Sign #1: Talk versus action

Not to sound cliché, but a primary attribute of a cocky person is talking the talk without walking the walk. In other words, the person talks a good game but doesn’t back it up with action.

A confident person may boast about their accomplishments, but with good reason. They have the capabilities to get the job done.

Sign #2: Appearances versus reality

A cocky person looks for attention by calling attention to appearances, especially material possessions. The person may drive a fancy car or wear an expensive watch but is actually up to their eyeballs in debt.

A confident person’s reality matches or exceeds outside appearances. What you see is what you get.

Sign #3: Enforcing versus listening

A person who is cocky tends to try to impose their will, flaunting what they believe to be a position of power to get what they want. When questioned, the cocky person may respond with a variation of “Because I said so.”

By contrast, a confident person doesn’t insist on one way of doing things. Confident individuals have no need to humiliate others. They sit back, they ask questions, they listen, and they try to understand.

Sign #4: “You” versus “we”

When it comes to taking responsibility, you’re never going to hear “we” or “I” out of a cocky person. The cocky person always deflects blame to “you.” “You didn’t do what I asked.” “You made a mistake.”

Confident people look inside first and accept responsibility for themselves and their team. ”Maybe we should have done something differently.” “How can we make this better?”

Understand the risks of cockiness in business

Cocky people pose a danger to your business. They blame and deflect. They believe they can talk their way out of any situation rather than making the effort to understand. They’re more concerned with protecting their own best interest than figuring out what went wrong and solving problems. 

Customers get turned off when rudely challenged. And because the external bravado is a mask for inaction and deflection, an overly cocky person tends to create additional problems by making poor decisions.

Confident people are cordial, which helps customers relax. This approach diffuses conflicts by changing the tone of the conversation. Customers appreciate a businessperson who listens and accepts responsibility. 

When dealing with customers or coworkers, confident people favor a team approach, working together instead of in opposition. Confident people pose thoughtful, challenging questions. The underlying goal is to uncover what is in the best interest of the project or the customer.

Eliminating cockiness from the workplace

I try to weed out cocky people in the hiring process. I have been known to ask increasingly challenging questions in interviews to try to strip away the top layer of arrogance. It usually becomes evident pretty quickly when someone is using bravado to cover for lack of knowledge.

Even after I’ve hired someone, I’m a big advocate of challenging people to help them improve. I set high expectations and encourage my employees to reach that level. A cocky employee won’t be able to meet those challenges, a trait that reveals itself as soon as I pay closer attention to how work is getting done. 

For example, I will closely examine specific indicators of the person’s performance, such as sales quotas, to see if and how the person is meeting these expectations. Also, I carefully observe interactions with customers. 

I might pop into a customer meeting unannounced to watch what’s going on. If the customer is raising concerns, and my employee is talking around those concerns rather than taking responsibility and addressing them directly, that’s a red flag for me.

Eventually, a cocky employee’s shortcomings take their toll on customers and coworkers. If you’re the boss, your integrity is on the line.

Evaluate your own behavior

As you go about your business, evaluate yourself and the people who work for you. How do you conduct yourself in meetings? How do you behave with your employees and coworkers? 

What type of businessperson would you like to be? Because if you fall on the cocky side of the spectrum, you’re just holding yourself back.

Cockiness is self-serving. A cocky person continues to boost themselves up…until the façade inevitably falls apart. Confidence is strength. You back your claims with integrity, truth, and performance. 

But there is a time when cockiness serves its purpose through confidence. The confident person can be cocky, which translates into charisma that people are drawn to.

 

Inc

Nigeria's Defence Chief, Chris Musa, said on Monday the military was being fed bad intelligence by informants, hampering the fight against armed kidnapping gangs who continue to abduct students and residents in the north of the country.

The military announced on Sunday that it had rescued 137 students abducted by gunmen earlier this month in northwestern Kaduna state. The school children arrived in Kaduna on Monday.

Musa told Reuters that the military was too stretched and often relied on informants to pursue the armed gangs, known locally as bandits, often with little success.

"They (informants) make the troops go elsewhere and when they get there, they meet nothing and allow the bandits to commit acts of criminality," said Musa.

Musa said there had been no confrontation with gunmen during the rescue of the Kaduna students. But he would not say how the students were freed or if any of the gunmen were taken into custody.

There have been at least 68 mass abductions in the first quarter of 2024 mostly in northern Nigeria, according to risk consultancy SBM Intelligence.

Musa said once bandits retreat to Nigeria's vast forests, it becomes difficult to pursue them. That is because gunmen quickly trek through the forest, often for days with their victims.

"Once they go in there, getting them out is difficult. The aircrafts cannot see them quite easily," he said, adding that Nigeria's vast and loosely patrolled northern border made the situation worse.

The kidnappings have prompted some state governments to recruit what they call community guards.

"Now, state governments on their own are going to pick people who have no training and deploy and we are discouraging them from doing that," he said.

 

Reuters

Just a few months ago, the man set to be Senegal's next president, Bassirou Diomaye Faye, was sitting in a prison cell, a relatively unknown figure outside his opposition party Pastef.

Everything changed for him when the party's firebrand leader, Ousmane Sonko, who was also detained, was charged with insurrection in July and barred from running in elections to succeed President Macky Sall.

That cleared the way for Faye to emerge from the shadow of his former boss and eventually from prison, take over the race and on Monday - the day of his 44th birthday - emerge as victor after his opponent conceded defeat.

It was an unlikely climb to the top for an unlikely national figurehead. Faye was a tax inspector before he became Sonko's trusted lieutenant and Pastef's secretary general.

Where Sonko is charismatic, with a verve that has attracted thousands of country's jobless youths to his anti-establishment movement, Faye cuts an austere figure.

Sonko's endorsement of his former deputy in the run-up to Sunday's delayed election was crucial, but a little short on rabble-rousing emotion.

"My choice of Diomaye is not a choice from the heart, but from reason. I chose him because he meets the criteria that I have defined. He is competent and has attended the most prestigious school in Senegal," Sonko said in a video message.

'HE IS MORE HONEST THAN ME'

"No one can say he is not honest. I would even say that he is more honest than me. I entrust the project into his hands," Sonko said.

According to Faye's biography on his campaign website, he was often the top of his class growing up. He graduated from high school on Senegal's southern coast in 2000, then studied law and got a master's degree from Dakar's Cheikh Anta Diop University.

In 2004, the devout Muslim passed the competitive entrance exam to Senegal's National School of Administration which trains the former French colony's top civil servants, where he specialised as a tax inspector.

He was arrested in April 2023, a few months before Sonko was also held, and charged with contempt of court and defaming magistrates, charges Faye had denied. Crucially, unlike Sonko, he was not barred from running in elections.

Convinced that Sonko's detention and the banning of Pastef were part of a ploy by Sall's government to eliminate strong rivals from the election - all accusations rejected by the government - several party members including Faye put their names forward.

Faye eventually made the cut while still in prison, despite a late challenge from ruling coalition candidate Amadou Ba to have his candidacy rejected by the Constitutional Council.

A coalition of more than 100 parties, and some political heavyweights including former prime minister Aminata Toure, joined Faye's campaign under the banner "Doimaye mooy Sonko", which in the local wolof language means "Diomaye is Sonko."

'ONLY ONE PERSON IS ELECTED'

Thanks to a general amnesty law passed shortly before the vote to ease political tensions, Sonko and Faye left their prison cells in Dakar earlier this month, accompanied by thousands of supporters who danced and chanted through the night.

Both hit the campaign trail, crisscrossing the country and drawing thousands to their rallies and caravans.

Sidy Lamine Badji, a 36-year-old part-time driver who voted for Faye on Sunday, rejected criticism that the candidate who lost a municipal election in his home town in 2022 was inexperienced in government affairs.

"This is false. He has dignity. I believe in his promise and that he will not betray us," Badji said, his voice choking.

Faye has declined to say what role Sonko might play in any future government, and has insisted he will be his own man.

"Why do we want to focus on just one person in a government when I have a coalition that includes more than 120 people?" he said, brushing off concerns held by some voters that if he won, the country would end up with two men who believe they are president.

"In a presidential election, only one person is elected in the end, and it's he who is the president of the republic," Faye said.

 

Reuters

Office of the National Security Adviser (ONSA) has confirmed that Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance has escaped from custody.

The NSA has now activated its dragnet involving Interpol and other MDA’s to apprehend the fleeing suspect.

Spokesman of ONSA, Zakari Mijinyawa, who confirmed the escape noted that the suspect eloped using a smuggled passport.

“Upon receiving this report, this office took immediate steps, in conjunction with relevant security agencies , MDAs, as well as the international community, to apprehend the suspect. Security agencies are working with Interpol for an international arrest warrant on the suspect.

“Preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.

“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.

“Recall that the Federal Government of Nigeria, like other governments around the world, has been investigating money laundering and terrorism financing transactions perpetrated on the Binance currency exchange platform.

“Until his escape, Nadeem Anjarwalla, who holds British and Kenyan nationalities and serving as Binance’s Africa regional manager, was being tried by Nigerian courts. The suspect escaped while under a 14-day remand order by a court in Nigeria. He was scheduled to appear before the court again on April 4, 2024.

“We urge the Nigerian public and the international community to provide whatever information they have that can assist law enforcement agencies to apprehend the suspect.”

 

The Guardian

October 22, 2024

Air Peace hikes Lagos-Abuja ticket while other airlines keep lower fares

From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace…
October 11, 2024

Atiku slams Tinubu over latest petrol price hike, calls president trending nickname

Former Vice President Atiku Abubakar, on Thursday, mocked President Bola Tinubu over the president’s handling…
October 21, 2024

4 leadership lessons from disruptive businesses

Disruptive businesses change the world by inventing game-changing products and services that transform how we…
October 12, 2024

Woman becomes Police officer to catch father’s killer, arrests him 25 years after

A Brazilian woman who dedicated her life to catching her father‘s killer managed to finally…
October 18, 2024

Many weapons used to commit crimes against Nigerians stolen from govt armoury - NSA

The National Security Adviser (NSA), Nuhu Ribadu, has said that a sizable number of illicit…
October 22, 2024

What to know after Day 971 of Russia-Ukraine war

WESTERN PERSPECTIVE US consults allies about North Korea troops in Ukraine It would be a…
October 16, 2024

The AI revolution: How Predictive, Prescriptive, and Generative AI are reshaping the world

Bernard Marr In the ever-evolving landscape of artificial intelligence, three powerful forces are reshaping our…
September 22, 2024

Dubois knocks down, knocks out Joshua to retain IBF heavyweight world title

In an astonishing upset, Daniel Dubois delivered a career-defining performance, defeating former two-time world heavyweight…

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