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Biafra and World News

Boko Haram ambush Nigerian soldiers in Katsina, kills 16


     Published Sunday, July 19, 2020 | 21;15 CET | BIAFRA TODAY



An ambush by Boko Haram in Katsina State on Saturday left at least 16 soldiers and officers dead and 28 others wounded.

Troops of the Special Army Super Camp 4 were advancing on foot in Shimfida in Jibia Local Government Area of Katsina State at about 6:13 p.m. Saturday when the armed militants opened fire on them from a hilltop, military sources said.

The officers killed in the attack included a major, a captain and a lieutenant, military sources told PREMIUM TIMES. Two bandits were also injured in the exchanges, officials briefed on the matter said.

When contacted, the army spokesperson, Sagir Musa, said he could neither confirm nor comment on the attack as he was hearing it for the first time.

Katsina, the home state of President Muhammadu Buhari in northwestern Nigeria, has seen a spate of attacks by armed militants.

In Katsina State, over 2,000 people have been killed, 500 communities destroyed and over 33,000 people displaced, a 2020 report by the West Africa Network for Peacebuilding said.

President Buhari, after scores of residents of a Katsina community blocked a highway to protest incessant attacks by armed bandits in May, promised a major military onslaught to rid the state of bandits and kidnappers.

“A major proactive operation by Special Forces, which details are being kept secret, is now in progress to replace the reactive strikes against insurgent camps,” presidential spokesperson, Garba Shehu, said in a statement then.

“To give a full effect to the exercise, a planning team is already in the state selecting targets and making preparations for the execution of the “unprecedented” operation.”

Despite the statements, however, attacks on military camps and civilians have continued in the state since then.

However, troops of Special Army Super Camp 4, Faskari, operating under Exercise Sahel Sanity, have reported killing of dozens of the criminals.

A fortnight ago, the defence headquarters reported killing 46 bandits in an encounter at Yar Gamji town in the Batsari Local Government Area of Katsina State. This is even as it killed another six this week while also foiling attempts to loot livestock in Katsina and Zamfara states.

Biafra and World News
Biafra: IPOB lifts ban on ohanaeze, agrees to work together


     | Published Wednesday, July 15, 2020 | 22:45 CET | BIAFRA TODAY



Pan Igbo socio-cultural group, Ohaneze Ndigbo and the Indigenous People of Biafra (IPOB), have mended fences with a promise to work together for the common good of Igbo people.

Both groups met on Tuesday at the home of the First Republic Aviation Minister, Chief Mbazuluike Amechi in Ukpor, Nnewi South Local Government Area of Anambra State.

Both groups have been at daggers drawn in recent times, with the leader of IPOB, Nnamdi Kanu calling on his members to attack the leader of Ohanaeze Ndigbo, Dr. Nnia Nwodo, anywhere he is seen.
But Amechi who met with the group described the rivalry as unnecessary as they were both working for the good of Igbo people.

“I summoned the two bodies to express my displeasure with what I have been reading in the newspapers about Kanu giving orders for the stoning of Chief Nwodo.

“I’m happy that even before this peace meeting, Kanu has retracted the statement. We, therefore, appeal to Nwodo to accept the retraction and get it off his mind as IPOB has agreed to work with them.

“The two bodies must realize that it is the same battle they are fighting, which is marginalization, killings and denial of the Federal Government to develop South East and Igbo land in general.

IPOB, represented by Aloy Ejimakor, counsel to Nnamdi Kanu said he was at the meeting with the blessings and instructions of his client, just as he thanked Amaechi who he said was not a stranger to what he was doing having been once declared a terrorist.

Also, speaking on behalf of Ohaneze Ndigbo, Anambra State President of the body, Chief Damian Okeke-Ogene, said the body endorsed all that was contained in the communique.

He said, “Those who thought our fences are fallen will know that the fences are much stronger than they thought.”


Biafra and World News
Biafra: IPOB issues ultimatum to Oba youths, Condemns barbaric attack on women

     | Published Wednesday, July 15, 2020 | 21:55 CET | BIAFRA TODAY
IPOB Women rally in Biafraland




IPOB PRESS RELEASE 15/07/2020

We the great family of the Indigenous People of Biafra (IPOB) worldwide ably led by Mazi Nnamdi Kanu, find distasteful, the recent attack by hired thugs who claimed to be Oba youths in Oba Idemili South LGA of Anambra State against our defenseless women. The attack was sponsored by inconsequential politicians working with the Fulani -led Federal Government.

They rented some brainwashed Oba youths just to prove to their slave masters in Abuja and Lagos that they are still loyal to them. Those self-centered and treacherous Igbo politicians who think IPOB is a weakling will be surprised in no distant future.

One thing is certain: any Oba youth who was involved in this act will regret being part of this evil act and must pay dearly. We must assure those sponsoring these criminals that IPOB will not let them go free unless they atone for their atrocities. You cannot commit a crime against IPOB women and members who were peacefully celebrating and showcasing African dishes in Oba on Sunday 12th of July 2020 and go free. IPOB operates everywhere in Biafraland and the world at large.

It is unbelievable that since the attack on these unarmed women in Oba, nobody in Oba or Igbo land has ever come out to condemn this barbaric action of unscrupulous elements among Oba youths against IPOB.

Therefore, nobody should blame IPOB when we reciprocate or pay them back in their coin. The attackers and their sponsors should get ready to reap the fruits of their labor.

Aborji village youths in Oba that allowed themselves to be used by the enemies against our peaceful mothers and wives should know that they can't escape justice. Before it gets too late, Oba community leaders should ask them to come now and pay for their atrocities and the damages they inflicted on innocent and peaceful movement. The earlier they do this the better for them because the day of reckoning is fast approaching.

All those who participated in this atrocity should realize that we know their identities. There is no hiding place for them. We are calling on Oba elders, leaders, and those acclaimed politicians including those who sponsored them to make sure that they release those arrested by Fulani terrorist police. They must also take responsibility for those vehicles and properties destroyed during the attack on IPOB members.

We are in the know of the plans by the Fulani terrorist government in Nigeria to use some of our Igbo people to set Igbo land on fire but it is quite unfortunate and clear to us that Oba youths and their facilitators are ignorant of this grand plot by their paymasters. Oba youths were deceived and lured into this mess but they must make atonement for their sins or brace up for the consequences of their evil action.

The Nigerian police arrested many of IPOB members including innocent media practitioners covering the barbaric attack. This invasion and arrest happened when Oba youths were used by few politicians in Oba and police station in Idemili South to attack their fellow citizens who were fighting to deliver and liberate them from bondage Nigeria government and her Fulani terrorists in Nigeria police uniforms posted to our land to ensure that they monitor and destroy peace and good relationship between the people of Biafra.

We are equally aware that those hired thugs in Oba and nearby communities were paid common One thousand Naira (1000) each by some inconsequential fellows and criminals to disrupt what IPOB is doing.
Nigerian police illegally arrested more than a hundred (100) members of IPOB since this attack and invasion took place in Oba. The police command in Awka once again adopted another round of house to house search in Oba and other communities searching for anybody suspected to be IPOB member.

It is unfortunate that Oba youths challenged our women without knowing that they are challenging our men and not even giving respect to our mothers and wives. IPOB members, our mothers and wives arrested on Sunday by Nigeria police received serious torture and injuries because security operatives manhandled them without considering that they are women.

We are calling on Governor Willy Obiano and Police Commissioner to release IPOB members and women arrested at Oba on Sunday by his men drafted to Oba in conjunction with Oba youths.

This damages must be paid by Oba youths and their sponsors in this barbaric attack against IPOB women. We challenge Oba youths to wait for IPOB activities anywhere in Anambra State or Biafraland in general. The President General ( PG) and Oba youth President must provide those Oba youths involved in this act or they bear the consequences. Their baseless claims of ignorance is no excuse!

COMRADE EMMA POWERFUL MEDIA AND PUBLICITY SECRETARY FOR IPOB.

Biafra and World News

356 Soldiers Exit Nigerian Army Over Loss of Interest, Insiders Allege Moral Crisis


      Published Saturday, July 11, 2020 | 22:14 CET | BIAFRA TODAY
General Tukur Yusuf Buratai



By Taiwo-Hassan Adebayo 

Three hundred and fifty-six (356) soldiers are formally exiting the Nigerian Army citing “loss of interest”, PREMIUM TIMES can report, in a development insiders say is indicative of broken morale in the army.

The army is currently engaged in various combat operations as insecurity worsens across the country.

Many of the soldiers are among the troops engaged in the decade-long war against Boko Haram in the Northeast, while others are from various other formations across the country.

But apart from the 356 who are leaving for losing interest in the army, 24 others are exiting because they want “to take traditional title,” making a total of 380 soldiers, including two Master Warrant Officers and 28 Warrant Officers, voluntarily discharging from the army, according to sources with direct knowledge of the development.

Already, the Chief of Army Staff, Tukur Buratai, has, this July, approved the voluntary discharge of all the 380 soldiers who are to proceed on terminal leave on December 20 and disengage on January 3 next year in accordance with Nigerian Army Administrative Policy and Procedure 27 Paragraphs 3 and 4, our sources confirmed.

“That the reason given by most of them is ‘loss of interest’ is an indication of low morale in the army due to poor leadership,” one army insider said, claiming the army had been “broken, demoralised and polarised more than ever before under Buratai.”

“It is an indication of the rot in the system,” said another officer who knew about the mass disengagement.

More than those enduring the long official process to exit the army, many soldiers have deserted the army especially from among the troops combating Boko Haram in the Northeast, sources in the frontline said.

At various times, commanders and soldiers have appeared in videos complaining about logistical support and equipment available to them to combat the terrorists in a war that has in ten years precipitated a humongous humanitarian disaster in the Lake Chad region, displacing millions of people and killing thousands.


In one case, a former commander of Operation Lafiya Dole, Olusegun Adeniyi, appeared in a rare video admitting soldiers were outgunned by the terrorists. In that video, March this year, Mr Adeniyi could be seen among disorganised troops decrying losses of men and equipment in a particular encounter with Boko Haram, who were “facing us” from “every flank with not less than15 gun trucks.”

Mr Adeniyi was swiftly removed from his position after the video emerged, with the current commander, Faruq Yahaya, taking over.

On Tuesday, troops of 25 Brigade on patrol were ambushed by terrorists on Damboa-Maiduguri Road. In the ensuing fight, 37 soldiers were killed in action and “about 60” unaccounted for, according to security sources briefed following the losses, which also included nine gun trucks.

“Tempers were rising amongst the troops of 25 Task Force Brigade,” a source in the frontline said after the attack on Tuesday, before “the efforts to calm the situation.”

However, the military officially told the public only two soldiers died, while 17 terrorists were killed.

“That official press release is a total lie to preempt the press,” one army source said.
The source said the misrepresentation to avoid having to answer questions about the use of heavy funds and also to prevent renewed calls for the removal of the service chiefs.

Apart from the Northeastern anti-terrorism operations, the army, alongside the airforce, is combatting the spiraling armed violence from rural banditry and farmer-herdsmen conflict in the Northwest and Northcentral. In these areas, the exacerbating insecurity appears to have gone beyond the constabulary capacities of the police.


Even in the Southeast, the army has been involved in federal efforts to stop the secessionist threats; and in the Niger Delta, it helps in protecting oil and gas infrastructure.

Meanwhile, apart from the 380 soldiers voluntarily exiting the army, mostly for losing interest, six others are being discharged based on the recommendation of the armed force’s medical board.

Thus, a total of 386 soldiers are disengaging – and 356 among them have opted out over “loss of interest” amid morale crisis in the service.

Units and formations have been directed to recover all military items from the affected soldiers, who are to report to the army headquarters for documentation by October 20 and complete forms to make withdrawals from various contributory schemes.

Many more have deserted without any official process, according to our sources.

“They just abandoned their guns and uniforms and ran away,” one source said.

The spokesperson for the army, Musa Sagir, denied claim of low morale in the army. “The Nigerian Army is in very high morale,” he said.

He added that the army is “very well” prosecuting all the operations it is involved in whether “the insurgency in the Northeast and banditry in the Northwest.”

He said there was no mass disengagement happening in the army. But PREMIUM TIMES reviewed documents and spoke with sources, contradicting Mr Sagir’s position.


Source

Biafra and World News

US to deport 16,000 Nigerian students, ASUU fumes


    Published Saturday, July 11, 2020 | 21:55 CET | BIAFRA TODAY




By Iyabo Lawal

The fate of over 16,000 Nigerian students in the United States is currently hanging in the balance as the U.S. Immigration and Customs Enforcement (ICE) moves to deport foreign students whose schools will switch to online classes due to the coronavirus (COVID-19) pandemic.

The development, however, has drawn the ire of the Academic Staff Union of Universities (ASUU), which blamed the Federal Government for neglecting Nigeria’s educational system.

The Student and Exchange Visitor Programme (SEVP), which is run by ICE, in a new rule released on Monday, had said foreign nationals enrolled in U.S. educational institutions will have to transfer to in-person schools or take online classes outside the country. Otherwise, they will be deported. Also, the Department of State will no longer issue visas to students to attend schools that offer online classes only.

The statement reads in part: “The U.S. Department of State no longer issues visas to students enrolled in schools or programmes that are fully online for the fall semester nor will U.S. Customs and Border Protection permit such students to enter the United States.

“Active students who are currently in the United States and enrolled in such programmes must leave the country or take other measures, such as transferring to a school with in-person instruction to remain in lawful status. If not, they will have to face immigration consequences.”

But in a telephone interview with The Guardian, ASUU President Prof. Abiodun Ogunyemi recalled with regret “a time foreign students were coming to Nigerian universities. Students were coming from South Africa, Egypt and Ghana.”

According to him, “Today, the reverse is the case. In Ghana, more than half of the foreign students there are Nigerians. So, we can see that they are just harvesting our resources to fund their tertiary education. Why should Nigerians be going to the Republic of Benin, Cameroon, Togo, and Sudan to seek university education, not to talk of U.S.?”

ASUU’s incessant strikes are in the interest of students and their parents, he insisted, stressing that all the union is saying is: “Fix our laboratories, stock our libraries, renovate our workshops, supply facilities for e-learning and provide structures. Are those not the things they are enjoying there?”

The ASUU President said further: “Of course, the ruling class that can afford it are those sending their children to those distant places in America and Europe. The children of the poor are left to attend universities that are without facilities, universities that are not adequately staffed, and universities whose capacity for research have been dwindling. We think this is an opportunity for the Federal Government to sit back and address the problems in our university education and indeed Nigerian education as a whole.”

Also, former Minister of Education Prof. Chinwe Obaji wondered how courses like engineering and sciences that require practicals would be taught online. He called on government to make the universities attractive to Nigerian students abroad by tackling its many challenges, adding that COVID-19 is a temporary setback, which all nations would surmount in due course.

On his part, Prof. Ayodeji Olukoju, former Vice Chancellor at Caleb University, Imota, said: “The truth is that this situation is peculiar. It is unprecedented. It is not sustainable. In due course, we will conquer it. We once conquered the pandemic in 1819, Ebola, and we will surely conquer COVID-19. Nothing is permanent. It is true that online teaching would always continue but it can never take away the issues of face-to face interaction. For example, those students studying engineering in American universities and lab-based sciences, would they do all those things from a distance?”

He added: “We should adjust our curriculum to reflect the reality, mainly that we have to depend more and more, now, on online teaching. Secondly, we need to provide more infrastructure of online learning, ICT infrastructure essentially.

“Thirdly, we have to train people who can manage the infrastructure and those who want to teach on the platform because you can’t teach on the platform the way you teach in conventional classrooms. This is not a permanent situation but the world has to adapt to it.”

Most U.S. colleges and universities have not yet announced their plans for the fall semester but a number of schools are looking at a hybrid model of in-person and online instruction while some, including Harvard University, have said all classes will be conducted online.

Nigeria currently has the highest number of students from Africa studying in the U.S. According to U.S. Immigration and Customs Enforcement, Nigeria had 16,039 students as at 2019.

The agency said: “There are over 36,000 students from Sub-Saharan Africa studying in the U.S. As of March 2019, there were 16,039 students from Nigeria studying in the United States with 54 per cent male and 46 per cent female.

“This is an increase of 3,342 students over 12,693 students recorded in November 2018. Undergraduate students constituted 34 per cent; Masters students 36 per cent; doctorate formed 12 per cent; while associate was 12 per cent. Non-degree and others formed five per cent.”

According to the agency, the top five states for Nigerian students in the U.S. include Texas with 2,713; California, 856 students; Maryland, 827 students; New York, 818 students; and Florida, 753 students.


Biafra and World News
COVID -19: US exits WHO amid Role in Pandemic
 Published Saturday, July 11, 2020 | 21:47 CET | BIAFRA TODAY
Dr. Tedros Adhanom Ghebreyesus, WHO Director General


Calling the coronavirus a ‘common enemy’, WHO chief Tedros Adhanom Ghebreyesus called the pandemic a test of global solidarity and leadership saying the virus thrives on division.


New Delhi: World Health Organization director-general Tedros Adhanom Ghebreyesus shed tears during press briefing over the US withdrawal from the UN agency calling COVID-19 a ‘common enemy’ and saying that humanity cannot fight this pandemic as a divided world.

“We cannot defeat this pandemic as a divided world... Together is the solution unless we want to give the advantage to the enemy, to the virus that has taken the world hostage,” he said at the agency's Geneva headquarters.

Taking deep breaths and long pause the WHO chief with his voice shaking called the COVID-19 pandemic a test of global solidarity and global leadership.


Coronavirus thrives on division
The virus thrives on division but is thwarted when we unite; he said questioning “How is it difficult for humans to unite to fight a common enemy, that’s killing people indiscriminately.”

He further said that division or the cracks between people and nations are advantageous for the virus which so far has claimed the lives of 545,481 people all over the world with 11,874,226 confirmed cases.

US President Donald Trump’s administration gave notice to the World Health Organization saying it would quit the body in a year's time.

WHO is China's puppet: Donald Trump
The US President has accused the WHO of becoming a puppet for China during the coronavirus pandemic and giving bad advice about the emerging pandemic.

Trump announced a temporary halt in US funding in April inviting condemnation from many world leaders including China.

Chinese Foreign Ministry spokesman Zhao Lijian termed the move as “another demonstration of the US pursuing unilateralism, withdrawing from groups and breaking contracts”.

Calling the WHO as the most authoritative and professional international institution in the field of global public health security, Zhao said that the US departure would hurt developing countries in dire need of international support.


Biafra and World News
Biafra: IPOB blasts Adesina, Presidency - says Biafra coming very soon

   IPOB Press Release | Saturday, July 11, 2020, | 17:32 CET
Biafrans pose for group photo in London, UK.




We, the global family of the Indigenous People of Biafra, (IPOB) under the leadership of our great Leader, Mazi Nnamdi Kanu, vehemently disagree with the statement credited to the Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina that his dead principal, Major General Muhammadu Buhari was not against the people of Biafra.

Such a statement is a complete falsehood, and can only deceive the gullible but certainly not those familiar with history. The truth rather is that people of Biafra have continued to be victims of state persecution and calculated elimination. Biafrans have been slaughtered at the slightest provocation on several occasions since the unholy amalgamation of Nigeria in 1914.

Nigeria's Government and her partners in crime are sponsoring the killings and heartless massacre of Biafrans since 1945 till date. It is still fresh in our memory how this present Federal Government led by Major General Muhammadu Buhari and his cabals killed innocent, peaceful and unarmed members of IPOB in Aba, Onitsha, Nkpor, Umuahia, Asaba, Igweocha, Enugu, Owerri and other cities. The killings have continued unabated.

Fulani terrorists, Boko Haram and terrorist groups have continued to slaughter with reckless abandon, Christians in Nigeria particularly Southern Kaduna Indigenes and Biafrans in their farms and villages, yet the federal government has done nothing drastic to stop the genocide! Ordinary designating the killer herdsmen terrorists has become a difficult task for the federal government which ironically tagged unarmed IPOB a terror group with the speed of light.

How does a government which pampers globally acknowledged terror groups but suppresses and kills peaceful agitators want to prove its innocence of bloodshed? IPOB and other nations in Nigeria are aware that since this APC Government led by Fulani people came on board, they have resorted to cheap propaganda which they are using Femi Adesina to achieve.

This government took it as a duty to eliminate Nigerians who are not in support of their evil agenda. On their unsubstantiated claims of being the best thing that has happened to Ndi Igbo, IPOB is challenging Femi Adesina, Arthur Eze and their likes in this Government to show Nigerians, Biafrans and the World at large what they did and where this government and cabals sited any tangible federal project in Biafraland.

It is very pathetic that Arthur Eze uses tricks to deceive this clueless government that used the killing of its citizens as gifts to Nigerians. Chief Arthur Eze is mischievously using fake praises to blindfold those claiming to be working for Buhari and APC government just to protect his business interests.

It is very appalling that the Federal Government would not show where their imaginary projects are located in the South East for 5 years this government took over office on 29th of May 2015. We wonder why the Nigerian government will claim to have executed 69 different projects, and spent N680 billion in the South East alone without showing or mentioning where those projects are sited.

It is important to inform Adesina and his Fulani terrorist Government that Biafrans are not interested in their fake projects in our land because we are leaving Nigeria in the shortest possible time.

Time for this fake, concocted and deceptive news has gone and there is nothing anybody can do to change our resolve to restore Biafra freedom and independence from Nigeria. We MUST advise our people to focus on the coming of Biafra, and not on all these fake news and propaganda by the 'Presidency'. Biafra is a project designed by the Most High God in Heaven.

Therefore, there is no amount of propaganda or deluded information peddled by those sponsored by the overzealous Nigerian politicians in our land, can dampen our minds.

COMRADE EMMA POWERFUL MEDIA AND PUBLICITY SECRETARY FOR IPOB.

Edited & Published by
Uchechi C. Chukwukezie
Chief Editor, IPOB Writers Media.
Biafra and World News
Nigeria’s Confusing Currency and IMF Loan


      Published  Friday, July 10, 2020 | 21:53 CET | BIAFRA TODAY
Lagos, The biggest city in Nigeria



Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International Monetary Fund’s advice by weakening its currency just months after taking out its first loan from the institution.
Africa's biggest crude producer quietly devalued its official exchange rate last week, a nod to IMF suggestions that foreign investors would appreciate the unification of a currency that has traded at multiple rates for five years. In the event, the handling of the 5.5% devaluation to 381 naira per dollar still served to sow confusion. The central bank hasn’t announced the change and is yet to adjust the rate on its website.
It was instead published on the internet page of the FMDQ OTC Securities Exchange, which oversees foreign-exchange trading and has the central bank as a shareholder.

President Muhammadu Buhari has insisted that a stable naira is the linchpin of his economic policy, but realities dictate that he and central bank Governor Godwin Emefiele likely had no choice but to comply with the IMF's guidance. The country has been reeling all year from a dramatic slump in the price of oil, the source of almost all of its foreign exchange.
That also led to Nigeria's decision to take the $3.4 billion IMF loan, even after a dire experience with World Bank austerity programs in the 1980s.
Both moves are the price of an 80% collapse in oil revenue and the impact of an economic downturn caused by the Covid-19 pandemic. But they also indicate an acceptance that help from multilaterals is needed and the currency rate must reflect the state of the country’s finances. A World Bank loan is expected to follow soon.

News & Opinion

Ivory Coast Succession | Ivory Coast Prime Minister Amadou Gon Coulibaly died this week, throwing the ruling party into disarray and casting the race to succeed President Alassane Ouattara wide open. Gon Coulibaly had been hand-picked by Ouattara to succeed him after elections later this year, and the uncertainty unnerved financial markets in the world's biggest cocoa producer. 
Doctor Protests | Across Africa, doctors are pushing back against the risks they’re being asked to shoulder in the coronavirus pandemic. In Sierra Leone, physicians are refusing to treat patients until the government provides them with hazard pay. Several health-care unions in Kenya have threatened to strike if the government doesn’t better protect them, and thousands of physicians have staged walkouts in northern Nigeria.  
Nile Dispute | U.S. President Donald Trump’s bid to resolve a long-running dispute over a Nile dam has failed to make a breakthrough, with African nations moving to wrestle back control of the process. Trump accepted Egyptian President Abdel-Fattah El-Sisi’s request to mediate the conflict with Ethiopia over the dam — site of the continent's largest hydropower plant — but his public praise for Sisi signalled the U.S. may not be a honest broker. Relations with Egypt represent the biggest foreign-policy test for Ethiopian Prime Minister Abiy Ahmed, last year's Nobel Peace laureate, who is also struggling with violent domestic protests, writes Bobby Ghosh for Bloomberg Opinion.
Islamist Threat | Africa’s biggest investment — a $23 billion project to export Mozambique’s natural gas — is being increasingly besieged by an Islamist insurgency. Companies led by Total plan to pump the gas from wells about 40 kilometers offshore, cool it to liquid form, then ship it to electricity plants from France to China. But to achieve the target of first production, developers need to move thousands of tons of equipment through territory thick with Islamic State-aligned fighters. 
Steinhoff Claims | Steinhoff is close to reaching a deal on $11 billion of legal claims lodged following an accounting scandal that almost wiped out the South African company in late 2017. Claimants -- including former Chairman Christo Wiese -- have been offered a combination of cash and shares in clothing retailer Pepkor, majority owned by Steinhoff. The company also agreed to sell the French division of Conforama, a furniture chain, to a local rival.

Past & Prologue

Data Watch
  • South Africa is paying more to borrow in its local currency than Nigeria for the first time. Yields on rand bonds have climbed more than a percentage point since the beginning of June after the government boosted issuance to plug a fiscal deficit. Nigerian yields have dropped in tandem with most emerging-market peers.
  • South African gold miner stocks reached all time highs as the price of the metal looks set to take out a long-standing record of $1,921 an ounce over mounting concerns about the global economy.
Coming Up
  • July 14 South Africa mining output
  • July 15 South Africa, Nigeria, Ghana inflation 
  • July 16 South African Reserve Bank publishes Quarterly Bulletin, South Africa producer inflation

Last Word

A Nigerian social-media celebrity has been extradited to the U.S. from Dubai to face fraud charges. Ramon Olorunwa Abbas, widely known as “Hushpuppi,” is accused of conspiring to launder hundreds of millions of dollars from so-called ‘business email compromise’ frauds and other scams, according to the U.S. Department of Justice. In a BEC scheme, a computer hacker gains unauthorized access to a company’s email account and attempts to fool staff into transferring money. Abbas was part of a group that allegedly tricked a paralegal at a U.S. law firm into wiring them almost $923,000 last October. He has 2.4 million followers on Instagram, where he regularly posts photographs of himself posing with luxury cars or boarding private jets. Abbas’s legal representative, Gal Pissetzky of Pissetzky & Berliner, told Forbes that his client is not guilty of the charges.

Arrested Nigerian Internet Scammer, Ramon Olorunwa Abbas, aka Hushpuppi.
SOURCE: