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Boakai declared winner of Liberia presidential election

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Joseph Boakai was on Monday declared winner of Liberia’s presidential election, defeating incumbent George Weah, the National Electoral Commission (NEC) said after completing the ballot count.

Boakai won with 50.64 percent of the vote, against 49.36 percent of the vote for former international football star Weah, Davidetta Browne Lansanah, president of the commission, told reporters.

Boakai won with only a 20,567-vote margin.

Weah had already conceded defeat on Friday evening, based on the results of more than 99.98 percent of the polling stations.

The outgoing president and former football star won praise from abroad on Monday for conceding and promoting a non-violent transition in a region marred by coups.

“Liberians have once again demonstrated that democracy is alive in the ECOWAS region and that change is possible through peaceful means,” the Economic Community of West African States said in a statement.

Since 2020, ECOWAS states have seen abrupt regime changes with military forces seizing power by force in four of the fifteen member countries: Mali, Guinea, Burkina Faso and Niger.

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The election six years ago of Weah — the first African footballer to win both FIFA’s World Player of the Year trophy and the Ballon d’Or — had sparked high hopes of change in Liberia, which is still reeling from back-to-back civil wars and the 2014-2016 Ebola epidemic.

But critics have accused his government of corruption and him of failing to keep a promise to improve the lives of the poorest.

While his party lost, “Liberia has won,” Weah had said on radio.

Weah said he had spoken to the man he called the “president-elect” to congratulate him and urged his own supporters to accept the election result.

“This is a time for graciousness in defeat,” he said, adding “our time will come again”.

The African Union sent its congratulations to the president-elect on Monday.

 

AU chairman Moussa Faki Mahamat also called on “all parties to continue to display maturity and embrace dialogue to consolidate democracy”.

READ  Tinubu elected ECOWAS chairman

– ‘Defied the stereotype’ –
The West African bloc also said that the post-election phase was “crucial”, and called on “the people of Liberia to maintain and safeguard peace and security”.

However, the electoral commission head said that on Friday it had received two appeals from Weah’s party concerning the conduct of the election in Nimba County.

The commission has 30 days to investigate and reach a decision, she said.

Former Nigerian president Goodluck Jonathan, who led a mediation mission for the election, said he was “deeply pleased with the successful outcome of the democratic process”, in comments posted on X, formerly Twitter.

He went on to congratulate Boakai, urging him “to be magnanimous in victory and seek to continue the efforts to unite” Liberia.

Nigerian President Bola Ahmed Tinubu, who is a heavyweight in the West African bloc, commended Weah’s concession saying it had averted any form of socio-political crisis.

“He has defied the stereotype that peaceful transitions of power are untenable in West Africa,” Tinubu said.

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Several presidential elections in the region are upcoming in 2024, including polls in Senegal, Ghana and Mauritania, as well as military-ruled Mali and Burkina Faso.

AFP

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UPDATED: Act of blackmail — FG says no official demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria.

 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

Teng’s allegation followed the detention of Nadeem Anjarwalla, Binance’s regional manager for Africa, and Tigran Gambaryan, the company’s head of financial crime compliance, in Nigeria, on February 28.

 

The two executives were detained as part of a probe bordering on Binance’s illegal operations in Nigeria and foreign exchange rate manipulations.

 

While criminal charges have been against Binance and Gambaryan, Anjarwalla fled detention on March 22.

However, Anjarwalla was reportedly arrested by the Police Service in April and the International Criminal Police Organisation (Interpol) is working towards extraditing him to Nigeria.

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In a statement by Rabiu Ibrahim, special assistant to the minister of information and national orientation, the government said the allegation by Binance is an attempt by the cryptocurrency exchange to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations.

 

“In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company,” the ministry said.

 

“This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria.

 

“The facts of this matter remain that Binance is being investigated in Nigeria for allowing its platform to be used for money laundering, terrorism financing, and foreign exchange manipulation through illegal trading.

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“While this lawful investigation was going on, an executive of Binance, who was in court-sanctioned protective custody, escaped from Nigeria, and he is now a fugitive from the law. Working with the security agencies in Nigeria, Interpol is currently executing an international arrest warrant on the said fugitive.”

 

BRIBERY ALLEGATION PART OF ORCHESTRATED INTERNATIONAL CAMPAIGN

The ministry said the bribery allegation is part of an orchestrated international campaign by Binance to undermine the Nigerian government.

 

The ministry said Binance is facing criminal prosecution in many countries including the United States.

 

“Just a week ago, the founder and former CEO of Binance, Changpeng Zhao, was sentenced to prison in the United States, after pleading guilty to charges very similar to what Binance is being investigated for in Nigeria. In addition, Zhao agreed to pay a fine of $50 million, while Binance is liable for $4.3 billion in fines and forfeitures to the US Government,” the government said.

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“We would like to remind Binance that it will not clear its name in Nigeria by resorting to fictional claims and mudslinging media campaigns. The only way to resolve its issues will be by submitting itself to unobstructed investigation and judicial due process.”

 

The ministry said the Nigerian government will continue to act within its laws and international norms and will not succumb to any form of blackmail from any entity, local or foreign.

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‘Act of blackmail’ — FG denies officials demanded $150m bribe from Binance

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The Federal Government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as bribe to settle the prosecution of its executives in Nigeria. 

On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some unknown persons in Nigeria demanded huge payments in digital currency to make their problems in the country “go away”.

 

More to follow…

READ  JUST IN: Tinubu meets ECOWAS president, Abdulsalami over Niger Republic 
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Peter Obi condemns cybersecurity levy, says FG more interested in milking dying economy

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Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, says the federal government is more interested in milking a dying economy through the introduction of the cybersecurity levy.

 

In a post on his X account on Wednesday, Obi said the policies implemented by the government not only drive the citizens into poverty but also diminish the country’s competitiveness in the economic environment.

 

According to Obi, it is unreasonable to expect the struggling citizens of Nigeria to individually finance all government activities.

“The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth,” Obi said.

 

“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation and high inflation rate.

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“It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government. Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.

 

“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue collecting centre?

 

“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?

 

On May 6, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers.

 

CBN said the policy would take effect in two weeks and charges would be described as ‘Cybersecurity Levy’.

 

The apex bank said the charges would be remitted to the national cyber security fund, which would be administered by the office of the national security adviser (ONSA).

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