Wednesday, 2 November 2016

Senate Rejects FG’s $30bn Borrowing Plan, Presidency, DMO Defend Loans

The Senate yesterday threw out President Muhammadu Buhari’s request to raise $29.9 billion in foreign loans over a three-year period.

The request was thrown out without being subjected to debate through a voice vote, after the motion for its consideration was moved by the Senate Leader, Senator Ali Ndume.
But the belief is that the Senate might have thrown out the request because the executive arm of government has refused to make any commitment on when funds will be disbursed for the constituency projects that are critical to all members of the National Assembly.

Hillary Clinton: Wall Street's favorite enemy

U.S. Democratic presidential nominee Hillary Clinton speaks at a campaign rally in Sanford, Florida, U.S. November 1, 2016.  REUTERS/Brian Snyder

Reuters: November 2, 2016

Hillary Clinton began her presidential campaign by promising to do what it takes to rein in Wall Street.
Boosted by Wall Street's toughest critics, U.S. senators Bernie Sanders and Elizabeth Warren, the Democratic candidate has declared "the deck is still stacked in favor of those at the top" and said she would raise bank fees and tighten banking regulations. She has encouraged regulators to break up too-risky banks.
And yet, Wall Street appears unperturbed by the prospect of a Clinton presidency. In fact, the banking industry has supported Clinton with buckets of cash and stocks have sold off on days when the Clinton campaign stumbles. Privately, bankers say that they trust her to remain a pragmatist who will keep the current regulatory regime laid down by the Dodd-Frank Wall Street reform legislation passed in 2010.

South Africa's Jacob Zuma backs down on corruption report

South African President Jacob Zuma and German Chancellor Angela Merkel (not pictured) speak to the media following talks at the Chancellery on November 10, 2015 in Berlin, Germany.

Source: BBC Novermber 2, 2016

South Africa's President Jacob Zuma has dropped his court bid to block the release of a report into his allegedly improper relationship with businessmen.
Mr Zuma's lawyer informed the High Court in the capital, Pretoria, of the decision, but the reasons are unclear.
Opposition groups are rallying in South Africa's major cities to demand Mr Zuma's resignation.
He has been dogged by corruption allegations for more than a decade, but has repeatedly denied any wrongdoing.
The report by former anti-corruption chief Thuli Madonsela is believed to contain damning allegations against him, reports the BBC's Milton Nkosi from Pretoria.

Jailed Russian Dissident Pleads for His Life in Letter Home to Wife

Source: THE MOSCOW TIMES November 2, 2016

A harrowing account by a Russian political prisoner of mass beatings and torture at the hands of prison guards is sending shockwaves through the country's human rights community.
In a letter published on Tuesday reportedly written by Ildar Dadin to his wife, he described his incarceration at IK-7 prison in the northwestern town of Segyezha as “hell.”
In December 2015, Dadin became the first person to be convicted under a new Russian law criminalizing “repeated violations of protest laws." He was sentenced to 2.5 years in prison.

Monday, 31 October 2016

ABUJA Nigeria: We Had No Political Prisoners in My Government -Jonathan

Thisday Online: October 31, 2016

Former President Goodluck Jonathan has stated that no Nigerian became a political prisoner or prisoner of conscience for criticising him or his administration.
Jonathan made the remark during his keynote speech, which was delivered weekend at the annual Merit Awards Dinner of the Nigerian Lawyers Association of the United States.

The former president, who urged the U.S.-based lawyers to help preserve democratic institutions, also said diversity was an advantage only when all interest groups in the society feel safe and secure in their day-to-day activities.

Putin Rejects Russian Defense Ministry's Request to End ‘Humanitarian Pause’ in Syria

The Moscow Times, October 31, 2016

President Vladimir Putin has rejected a request by the Russian Defense Ministry to resume the bombing of Aleppo, saying humanitarian relief efforts need more time, according to the RIA Novosti agency. 
Dmitry Peskov, the Kremlin’s official spokesperson, told reporters that Russia would also wait to resume airstrikes against Aleppo, so that “our American partners can fulfill previous commitments and promises to demarcate the so-called moderate opposition and terrorist groups.”

Morocco protests: Death of fish seller triggers rare demonstrations

Protest called by the February 20 Movement in Rabat. 30 Oct 2016

Source: BBC, October 31, 2016

Thousands of Moroccans have held protests in several towns and cities after a fish seller was crushed to death in a refuse lorry trying to retrieve fish confiscated by police.
The death of Mouhcine Fikri in the northern town of Al-Hoceima on Friday drew widespread anger on social media.