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Lai Mohammed says 2023 election is credible, gives reasons

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The Minister of Information and Culture, Lai Mohammed, has said that President Muhammadu Buhari has delivered on his pledge to leave behind a legacy of free, fair and credible elections through the conduct of 2023 polls.

The minister stated this in Washington DC during his official engagements with some international media organisations.

He added that Buhari lost his state, Katsina, during the presidential election to the Peoples Democratic Party and the President-elect, Bola Tinubu, also lost his state, Lagos, to the Labour Party, which was enough proof that the elections were credible.

Mohammed is in Washington to engage with international media organisations and think tanks on the just-concluded 2023 polls.

He has so far engaged respectively with the Washington Post, Voice of America, Associated Press and Foreign Policy Magazine.

The minister said in fulfilment of the President’s pledge to restore sanity to the electoral process, he resolved that he would not confer a special advantage on any political party, including the ruling All Progressives Congress, during the election.

He said during the past elections, the President ensured that nobody used the security agencies to rig the election in his favour but created a level-playing ground for the elections to take place.

“Proof of this resolution is that the President’s party lost the presidential election in Katsina, his home state.

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“Equally, the President-elect, Bola Tinubu, lost in his state, Lagos, while the Chairman of the Party, Abdullahi Adamu, lost in Nasarawa state to the Labour Party.

“The Director-General of the Campaign Organisation of our party also lost to PDP in Plateau State.

“Nothing gives this election more credence than those facts because there was no rigging in states where our bigwigs come from,” he said.

The minister added that APC lost in the four states with the highest number of votes in the elections – Katsina, Kano, Kaduna and Lagos even when they were the ruling party’s controlled states.

Mohammed said the allegations of fraud being bandied by the opposition and naysayers did not add up.

According to the minister, the controversy was generated because of the inability of INEC to upload the results of the presidential election in real time.

He said the controversy was absolutely unnecessary though it had been the fulcrum of the argument of the naysayers that elections were flawed.

INEC had come under fire over its inability to upload results immediately on its Result Viewing portal during the presidential and National Assembly elections held on February 25.

Mohammed, however, said the conclusion by the opposition and naysayers was based on ignorance of the role and functions of IReV.

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He said IReV, a platform whereby election results at the polling level are uploaded, was not a tool for collation of election or to transmit results electronically.

“Under our laws today, management of election results is manual and the court has ruled that INEC has the exclusive right to determine the mode of election, its collation and transmission.

“What happened on the 25th of February was that INEC observed that the results of the presidential elections were not being viewed.

“INEC, suspecting cyber attack, withheld the uploading of the results in order to preserve the integrity of the data. It immediately proceeded to float an alternative platform while asking its technicians to investigate what happened to its original portal.”

The minister explained further that it took about 9pm for the alternative portal to start working. He said as soon as the original portal started working, the results were viewed from the two platforms.

“It is unfortunate that this is what the opposition are relying on to say the elections were rigged. So far, none of the political parties has come out to say that what is on Form EC8A is different from what was uploaded on IREV,” he said.

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Speaking on delay in delivering election materials to certain areas, the minister said it was difficult in a country as diverse and complex as Nigeria for election materials to arrive at the same time everywhere.

He said with 176,846 polling units scattered all over the country with different topography, it would be difficult to deliver the materials simultaneously.

“In some areas you need to use donkeys, human portals, boats to access some of these difficult areas. We also know the challenge of unanticipated cash crunch that slowed down logistic movements.

“The redesigning of the naira did not help matters because some of the people who transported the materials insisted on cash payment which was not available,” he said.

Mohammed said the police report identified pockets of violence scattered all over the country but they were not substantial enough to discredit the polls.

Quoting the police report, the minister said there were 489 cases of electoral infractions during the election and 781 electoral offenders that would be charged to court.

In his analysis of the report, the minister said it was a ratio of one infraction in over 300 polling units which was not sufficient to void the elections.

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Biggest mess created in 2023 was devaluation of naira – Dangote 

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Aliko Dangote, chairman of Dangote Industries Limited, says the devaluation of naira created the biggest mess for the company in 2023.

 

Dangote spoke on Tuesday during the annual general meeting of Dangote Sugar Refinery Plc.

 

According to Dangote, the company is putting in efforts to ensure it pays dividends this year.

 

He said a lot of companies, especially in food and beverages businesses, were also affected and will be unable to pay dividends.

 

“We are doing whatever it takes to make sure that at the end of the day, we will be paying dividends because if you look at our dividends last year, it was almost 50 percent more so we will try and get out of the mess,” Dangote said.

 

“The biggest mess created was actually the devaluation of the naira from N460 to N1,400.

 

“You can see almost 97 percent of the companies, especially in food and beverages businesses, none of them will pay dividends this year for sure but, we will try and get out of it as soon as possible.

“We want to see that at the end of the day, no matter how small, we will be able to pay some dividends, especially if there is a rebound of the naira.”

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‘WE’LL REAPPLY FOR MERGER OF DANGOTE SUGAR WITH NASCON’

Speaking on the suspension of the planned merger of Dangote Sugar Refinery with Nascon Allied Industries Plc and Dangote Rice Limited, the chairman said it was put on hold because the Securities and Exchange Commission (SEC) wanted the rice factory to begin.

 

Dangote said the rice factory in Jigawa is expected to be commissioned soon, adding that Dangote Sugar will reapply for the merger when the time is right.

On April 19, Nascon announced the suspension of its proposed merger with Dangote Sugar.

 

Nascon said the merger was not completed due to the current non-operational status of Dangote Rice.

 

DANGOTE SUGAR TO END SUGAR IMPORTATION IN 2028

Dangote said the company’s sugar master plan will enable the producer to sell only locally produced sugar in the next four years.

 

According to the chairman, the implementation of the backward integration policy will give the company the best future in terms of stability and prevent issues relating to exchange rate losses.

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“The sugar master plan we are now taking is very, very serious,” he said.

 

“But to say the least, the industry as a whole, did not really push as we are supposed to push in terms of the backward integration.

 

“We have done a lot, but we also have our fears because if there is no proper implementation, we do not want to go and sink a lot of your money and we end up losing money because if government is not following or making sure that everybody behaves, then we will not be able to make money. But right now, I think they have called us.

 

“We have sat down and I can assure you on our own, we think the best future of this company is through the backward integration.

 

“Because backward integration will actually give you much more forfeit and stability and it will erase all these exchange rate losses.

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“So, by the grace of God, in the next four years maximum, our company should be producing what we are selling currently, all domestic, 100 percent domestic.”

 

However, Dangote said if any sugar is imported by the company, it will only be to complement what it is producing.

 

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 Living wage will be announced soon — your days of worrying are over, Tinubu tells Nigerian workers

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President Bola Tinubu says he is open to the idea of a “living wage” for Nigerian workers.

 

In a message to mark International Workers Day celebration at the Eagle Square, Tinubu, who was represented at the event by Vice-President Kashim Shettima, hailed Nigerian workers for their fidelity to the peace, progress, and development of the nation.

 

He also said the tripartite committee on a new minimum wage was yet to reach a resolution before May Day.

 

“You would recall that on January 30th, 2024, the Federal Government convened a 37-member Tripartite Committee on Minimum Wage,” the president said.

 

“The committee’s mandate was to provide counsel and suggest a national minimum wage that aligns with our current economic conditions.

 

“Since then, the committee, in collaboration with labour leaders, has been diligently working towards proposing a new National Minimum Wage.

 

“Unfortunately, despite concerted efforts, the committee was unable to reach a consensus at its last meeting. This shall be resolved soon and I assure you that your days of worrying are over.”

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Organised labour has insisted on a new living wage for workers. In his address, Tinubu said he is open to the idea of a living wage, as opposed to a minimum wage.

 

“Indeed, this government is open to the committee’s suggestion of not just a minimum wage but a living wage,” the president added.

 

The president also asked workers to trust his administration.

 

“Great Nigerian Workers, we cannot achieve a just and equitable society that caters to the needs of every member, including the strong and the weak, without fostering peace and unity,” he said.

 

“Our shared vision for national growth and development can only be realised in an atmosphere of industrial harmony and peaceful coexistence in every segment of our country.

 

“Dividends we have promised the nation, and which you work tirelessly to ensure, can only be achieved when we all unite for progress.

 

“On this momentous day, I urge you and all our fellow citizens to place your trust in this administration. The seeds of greatness planted in our nation are beginning to bear fruit, and they promise a future filled with hope and bound by prosperity.

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“Let me assure you, with the utmost sincerity, that every initiative undertaken by this administration is geared towards transforming Nigeria into a nation that can truly provide for its people.

 

“So, I call upon each and every one of you, as I have consistently done, to join hands in shaping the destiny of our nation towards greatness.

 

“Our allegiance and patriotism are the bedrock upon which our beloved country thrives. The success of our government’s policies and programmes hinges on the willingness of the workers, as the backbone of our workforce, to embrace them wholeheartedly.

 

“I appeal to you to continue using the power of the labour movement for the greater good of our nation, fostering harmony and cooperation.

“Once more, I extend my heartfelt congratulations on this successful Workers’ Day celebration, and I wish you all joyous festivities.”

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Binance founder sentenced to four months in prison for money laundering in US

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Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for money laundering, unlicensed money transmitting and violations in Seattle, United States (US).

At a sentencing hearing on Tuesday, Richard Jones, the presiding judge, said Zhao put “Binance’s growth and profits over compliance with US laws and regulations”.

According to US officials, Zhao intentionally turned a blind eye to transactions that financed terrorism, the illegal drug trade, and child sex abuse.

“I failed here. I deeply regret my failure, and I am sorry,” Zhao told the court.

 

“I believe the first step of taking responsibility is to fully recognise the mistakes. Here I failed to implement an adequate anti-money-laundering programme. I realise now the seriousness of that mistake.”

 

The four-month sentence is lower than the three years prosecutors sought.

Prosecutors told the judge a tough sentence would send a clear signal to other would-be criminals.

“We are not suggesting that Mr. Zhao is Sam Bankman-Fried or that he is a monster,” Kevin Mosley, one of the prosecutors, said.

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“But Zhao’s conduct wasn’t a mistake. This wasn’t a regulatory ‘oops.”

 

On November 21, 2023, Zhao pleaded guilty to money laundering.

 

Binance also agreed to pay more than $4 billion in fines and other penalties.

 

Meanwhile, Binance subsidiary in Nigeria is facing charges for illicit foreign exchange (FX) transactions.

Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, its head of financial crime compliance, were charged with tax evasion and money laundering by the federal government.

The duo were arrested and detained on February 28.

However, Anjarwalla escaped custody in March.

 

Zhao’s sentence is coming less than one month after Sam Bankman-Fried, former CEO and founder of Futures Exchange (FTX), was sentenced to 25 years in prison after being convicted of defrauding his customers, investors, and lenders.

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