Connect with us

General

Clinton on a mission to douse Nigeria’s political tension

Published

on

Loading...


By MOHAMMED MOMOH
More by this Author

In less than nine days to Nigeria’s presidential election, the US has dispatched ex-President Bill Clinton to meet with major contenders to negotiate a peace deal amidst political mudslinging and tension.

The US is wary of the recent furore caused by statements credited to the West, expressing concern over the credibility of the elections after President Muhammadu Buhari suspended the Chief Justice of Nigeria (CJN), Mr Walter Onnoghen, over corruption allegations.

Justice Onnoghen had accepted that he forgot to declare millions of dollars worth assets and was facing trial at the Code of Conduct Tribunal (CCT).

President Buhari hinged the suspension on the order of the tribunal, but the US, the European Union (EU) and the UK expressed reservations, prompting Nigeria to explain that it was necessary as Justice Onnoghen could not remain in office and be a judge in his own case.

The suspension also infuriated the opposition, which aligned with the West to call for fairness and return of the CJN.

Mr Clinton will meet President Buhari, the candidate of the All Progressives Congress (APC), and his main rival, Mr Atiku Abubakar, of the Peoples Democratic Party (PDP).

The meeting would come a day before the presidential election slated for February 16.

Scampering to defend themselves against APC’s allegations of supporting the opposition and trying to interfere in the election in favour of PDP, the US and the UK, in separate statements, committed to their neutrality.

They also warned that they would not tolerate election offenders, threatening to withdraw visa to those found culpable and members of their families.

“We and other democratic nations, will be paying close attention to actions of individuals who interfere in the democratic process or instigate violence against the civilian population before, during, or after the elections.

“We will not hesitate to consider consequences – including visa restrictions – for those found to be responsible for election-related violence or undermining the democratic process. Under the US immigration law, certain violations may also lead to restrictions on family members,” the US embassy said in Abuja on Wednesday.

The UK government, also in a statement by its High Commission in Abuja, said: “We will be deploying an extensive observation mission for the forthcoming elections, including coordinating with the EU’s Election Observation Mission. Our monitors will in particular be looking out for any attempts to encourage or use violence to influence the elections, including on social media.

“We would like to remind all Nigerians that where the UK is aware of such attempts, this may have consequences for individuals. These could include their eligibility to travel to the UK, their ability to access UK based funds or lead to prosecution under international law.

“The UK is a friend and partner of Nigeria. We hope our continued support will play a role in helping Nigeria take a further step towards consolidating the progress made since democracy returned in 1999.”

Loading...

The West’s opposition to the suspension of Justice Onnoghen had also caused a disquiet among the supporters of President Buhari who saw the position as meddlesomeness and an affront to the war against corruption.

Governor Nasir El-Rufai of Kaduna in the north threatened that any external actor who tried to interfere in the election and in the internal affairs of Nigeria would return home in a body bag.

EU promptly reacted to the threat. The EU Observer Mission Press Secretary, Ms Sarah Fradgley, explained that the union did not wish to interfere in elections, but rather analyses and makes suggestions.

“The EU election observation missions give commentary and analysis and make recommendations about the electoral process.

“EU election observation missions are impartial, do not interfere in the electoral process, and operate according to a strict code of conduct,” she said.

Mr El-Rufai had issued the body bags threat in an interview on the national television NTA’s Tuesday Live programme.

The EU explained that it had been invited to observe all the elections in Nigeria since 1999. Thus, the next one would be the sixth time the EU was observing elections in the West African state.

The Independent National Electoral Commission invited the EU to deploy an observation mission for the 2019 General Election.

Mr El-Rufai, an ally of President Buhari, has denied calling for violence in his comments about foreign interference.

The Senior Special Assistant to the Governor on Media and Publicity, Mr Samuel Aruwan, said that the comment was not a call to violence, but rather a powerful defence of sovereignty.

He further explained that he was standing firmly against those trying to divide Nigerians along ethnic and religious lines, and was opposed to violence, but firmly committed to peace and harmony.

“He stood up for Nigeria’s dignity in the wake of those who would attempt to reduce it to the status of a colony in their vain quest for power,” Mr Aruwan said.

“The video of his comments is in circulation. Any fair-minded person with modest familiarity with the English language and unimpaired comprehension can understand it. It does not contain any call for violence.

“It is a powerful defence of sovereignty. Are some sections of our political class implying that they will acquiesce in or collaborate with foreign intervention in our country?”

The Nigerian election is ranked among the most consequential in Africa’s over a dozen polls in 2019.

Unlike in 2015, the two leading contenders, President Buhari and Mr Abubakar, are Hausa/ Fulani Muslims from northern Nigeria.

In 2015, religion and region played major roles in determining the outcome of the election because Buhari was pitted against Goodluck Jonathan, a Christian from the minority Ijaw ethnic group in the south.

Religion and region are thus expected to play an insignificant role in determining the next president of Africa’s most populous state.

Loading...

General

Sordid tale of the bank ‘that would bribe God’

Published

on

Loading...

Bank of Credit and Commerce International. August 1991. [File, Standard]

“This bank would bribe God.” These words of a former employee of the disgraced Bank of Credit and Commerce International (BCCI) sum up one of the most rotten global financial institutions.
BCCI pitched itself as a top bank for the Third World, but its spectacular collapse would reveal a web of transnational corruption and a playground for dictators, drug lords and terrorists.
It was one of the largest banks cutting across 69 countries and its aftermath would cause despair to innocent depositors, including Kenyans.
BCCI, which had $20 billion (Sh2.1 trillion in today’s exchange rate) assets globally, was revealed to have lost more than its entire capital.
The bank was founded in 1972 by the crafty Pakistani banker Agha Hasan Abedi.
He was loved in his homeland for his charitable acts but would go on to break every rule known to God and man.
In 1991, the Bank of England (BoE) froze its assets, citing large-scale fraud running for several years. This would see the bank cease operations in multiple countries. The Luxembourg-based BCCI was 77 per cent owned by the Gulf Emirate of Abu Dhabi.  
BoE investigations had unearthed laundering of drugs money, terrorism financing and the bank boasted of having high-profile customers such as Panama’s former strongman Manual Noriega as customers.
The Standard, quoting “highly placed” sources reported that Abu Dhabi ruler Sheikh Zayed Sultan would act as guarantor to protect the savings of Kenyan depositors.
The bank had five branches countrywide and panic had gripped depositors on the state of their money.
Central Bank of Kenya (CBK) would then move to appoint a manager to oversee the operations of the BCCI operations in Kenya.
It sent statements assuring depositors that their money was safe.
The Standard reported that the Sheikh would be approaching the Kenyan and other regional subsidiaries of the bank to urge them to maintain operations and assure them of his personal support.
It was said that contact between CBK and Abu Dhabi was “likely.”
This came as the British Ambassador to the UAE Graham Burton implored the gulf state to help compensate Britons, and the Indian government also took similar steps.
The collapse of BCCI was, however, not expect to badly hit the Kenyan banking system. This was during the sleazy 1990s when Kenya’s banking system was badly tested. It was the era of high graft and “political banks,” where the institutions fraudulently lent to firms belonging or connected to politicians, who were sometimes also shareholders.
And even though the impact was expected to be minimal, it was projected that a significant number of depositors would transfer funds from Asian and Arab banks to other local institutions.
“Confidence in Arab banking has taken a serious knock,” the “highly placed” source told The Standard.
BCCI didn’t go down without a fight. It accused the British government of a conspiracy to bring down the Pakistani-run bank.  The Sheikh was said to be furious and would later engage in a protracted legal battle with the British.
“It looks to us like a Western plot to eliminate a successful Muslim-run Third World Bank. We know that it often acted unethically. But that is no excuse for putting it out of business, especially as the Sultan of Abu Dhabi had agreed to a restructuring plan,” said a spokesperson for British Asians.
A CBK statement signed by then-Deputy Governor Wanjohi Murithi said it was keenly monitoring affairs of the mother bank and would go to lengths to protect Kenyan depositors.
“In this respect, the CBK has sought and obtained the assurance of the branch’s management that the interests of depositors are not put at risk by the difficulties facing the parent company and that the bank will meet any withdrawal instructions by depositors in the normal course of business,” said Mr Murithi.
CBK added that it had maintained surveillance of the local branch and was satisfied with its solvency and liquidity.
This was meant to stop Kenyans from making panic withdrawals.
For instance, armed policemen would be deployed at the bank’s Nairobi branch on Koinange Street after the bank had announced it would shut its Kenyan operations.
In Britain, thousands of businesses owned by British Asians were on the verge of financial ruin following the closure of BCCI.
Their firms held almost half of the 120,000 bank accounts registered with BCCI in Britain. 
The African Development Bank was also not spared from this mess, with the bulk of its funds deposited and BCCI and stood to lose every coin.
Criminal culture
In Britain, local authorities from Scotland to the Channel Islands are said to have lost over £100 million (Sh15.2 billion in today’s exchange rate).
The biggest puzzle remained how BCCI was allowed by BoE and other monetary regulation authorities globally to reach such levels of fraudulence.
This was despite the bank being under tight watch owing to the conviction of some of its executives on narcotics laundering charges in the US.
Coast politician, the late Shariff Nassir, would claim that five primary schools in Mombasa lost nearly Sh1 million and appealed to then Education Minister George Saitoti to help recover the savings. Then BoE Governor Robin Leigh-Pemberton condemned it as so deeply immersed in fraud that rescue or recovery – at least in Britain – was out of the question.
“The culture of the bank is criminal,” he said. The bank was revealed to have targeted the Third World and had created several “institutional devices” to promote its operations in developing countries.
These included the Third World Foundation for Social and Economic Studies, a British-registered charity.
“It allowed it to cultivate high-level contacts among international statesmen,” reported The Observer, a British newspaper.
BCCI also arranged an annual Third World lecture and a Third World prize endowment fund of about $10 million (Sh1 billion in today’s exchange rate).
Winners of the annual prize had included Nelson Mandela (1985), sir Bob Geldof (1986) and Archbishop Desmond Tutu (1989).
[email protected]    

Loading...

Monitor water pumps remotely via your phone

Tracking and monitoring motor vehicles is not new to Kenyans. Competition to install affordable tracking devices is fierce but essential for fleet managers who receive reports online and track vehicles from the comfort of their desk.

Loading...
Continue Reading

General

Agricultural Development Corporation Chief Accountant Gerald Karuga on the Spot Over Fraud –

Published

on

Loading...

Gerald Karuga, the acting chief accountant at the Agricultural Development Corporation (ADC), is on the spot over fraud in land dealings.

ADC was established in 1965 through an Act of Parliament Cap 346 to facilitate the land transfer programme from European settlers to locals after Kenya gained independence.

Karuga is under fire for allegedly aiding a former powerful permanent secretary in the KANU era Benjamin Kipkulei to deprive ADC beneficiaries of their land in Naivasha.

Kahawa Tungu understands that the aggrieved parties continue to protest the injustice and are now asking the Ethics and Anti-corruption Commission (EACC) and the Directorate of Criminal Investigations (DCI) to probe Karuga.

A source who spoke to Weekly Citizen publication revealed that Managing Director Mohammed Dulle is also involved in the mess at ADC.

Read: Ministry of Agriculture Apologizes After Sending Out Tweets Portraying the President in bad light

Dulle is accused of sidelining a section of staffers in the parastatal.

The sources at ADC intimated that Karuga has been placed strategically at ADC to safeguard interests of many people who acquired the corporations’ land as “donations” from former President Daniel Arap Moi.

Despite working at ADC for many years Karuga has never been transferred, a trend that has raised eyebrows.

“Karuga has worked here for more than 30 years and unlike other senior officers in other parastatals who are transferred after promotion or moved to different ministries, for him, he has stuck here for all these years and we highly suspect that he is aiding people who were dished out with big chunks of land belonging to the corporation in different parts of the country,” said the source.

In the case of Karuga safeguarding Kipkulei’s interests, workers at the parastatals and the victims who claim to have lost their land in Naivasha revealed that during the Moi regime some senior officials used dubious means to register people as beneficiaries of land without their knowledge and later on colluded with rogue land officials at the Ministry of Lands to acquire title deeds in their names instead of those of the benefactors.

Read Also: Galana Kulalu Irrigation Scheme To Undergo Viability Test Before Being Privatised

Loading...

“We have information that Karuga has benefitted much from Kipkulei through helping him and this can be proved by the fact that since the matter of the Naivasha land began, he has been seen changing and buying high-end vehicles that many people of his rank in government can’t afford to buy or maintain,” the source added.

“He is even building a big apartment for rent in Ruiru town.”

The wealthy officer is valued at over Sh1.5 billion in prime properties and real estate.

Last month, more than 100 squatters caused scenes in Naivasha after raiding a private firm owned by Kipkulei.

The squatters, who claimed to have lived on the land for more than 40 years, were protesting take over of the land by a private developer who had allegedly bought the land from the former PS.

They pulled down a three-kilometre fence that the private developed had erected.

The squatters claimed that the former PS had not informed them that he had sold the land and that the developer was spraying harmful chemicals on the grass affecting their livestock and homes built on a section of the land.

Read Also: DP Ruto Wants NCPB And Other Agricultural Bodies Merged For Efficiency

Naivasha Deputy County Commissioner Kisilu Mutua later issued a statement warning the squatters against encroaching on Kipkuleir’s land.

“They are illegally invading private land. We shall not allow the rule of the jungle to take root,” warned Mutua.

Meanwhile, a parliamentary committee recently demanded to know identities of 10 faceless people who grabbed 30,350 acres of land belonging to the parastatal, exposing the rot at the corporation.

ADC Chairman Nick Salat, who doubles up as the KANU party Secretary-General, denied knowledge of the individuals and has asked DCI to probe the matter.

Email your news TIPS to [email protected] or WhatsApp +254708677607. You can also find us on Telegram through www.t.me/kahawatungu

Loading...
Continue Reading

General

William Ruto eyes Raila Odinga Nyanza backyard

Published

on

Loading...

Deputy President William Ruto will next month take his ‘hustler nation’ campaigns to his main rival, ODM leader Raila Odinga’s Nyanza backyard, in an escalation of the 2022 General Election competition.

Acrimonious fall-out

Development agenda

Won’t bear fruit

Loading...
Continue Reading
Advertisement
Loading...
Advertisement
Loading...

Trending

Kenyan Tribune