Headline

Reactions Trail $1.1bn Derivation Fund In Akwa Ibom

Published

3 years ago

November 21, 2022

The $1.1 billion (N600 billion) that was said to have been given to the Akwa Ibom State government as arrears of the 13 per cent derivation fund from the Federal Government has continued to generate heat in the state as the people have queried Governor Udom Emmanuel on what he used the money for.

It could be recalled that Rivers State governor, Nyesom Wike had over the weekend revealed that President Muhammadu Buhari approved the payment of arrears of the derivation fund owed since 1999 to Niger Delta states including Akwa Ibom.

Since the revelation was made, Akwa Ibom people have expressed shock that such huge income was received by the state government apart from the monthly Federal allocation and Internally Generated Revenue (IGR) without their knowledge, and are demanding explanations of how the monies were expended.

The governorship candidate of the Young Progressives Party (YPP) in Akwa Ibom State, Senator Bassey Akpan who reacted to Wike’s revelations regretted that despite the huge financial inflow, the state is still in a deplorable state even as he tasked the people to ask questions about how the money was used.

“When I said he(Udom) received N280 billion, they said it was politics. They said I was interested in finance. All the funds that were not paid to South-South states from oil proceeds put together was $2.56 billion. The one paid to Akwa Ibom was $1.1 billion (N600 billion). Udom has received over N3 trillion. But there is nothing to show for it,” he stated.

Also, the National Coordinator, Akwa Ibom Human Rights Community, Clifford Thomas (Esq) in his reaction said there was no justifiable reason why Governor Emmanuel never mentioned to Akwa Ibom citizens the amount he legitimately collected on behalf of the state as arrears of the derivation fund.

“It is just a matter of showing us how much you have collected. The fact that you did not disclose it to us means that you had the intention to steal. Proper disclosure presupposes that you are transparent and accountable to the people. Where a government is not accountable and transparent to the people, it thereafter means that there’s no probity in your council and it is against human rights,” he said

He said further: “Again, I know that the propriety of coming to disclose at this critical time is challenging but the fact remains that it was disclosed from credible sources that over $1.1billion was given to Akwa Ibom State as arrears of 13 per cent derivations from 1999 till now, then what is the propriety of hiding money that came to you legitimately.”

Commenting on the fund received, Professor of Economics, University of Uyo, Prof. Edet Akpakpan, said it was expedient for the people to demand from the government what the money received was used for, saying the question was a legitimate one to ascertain if the funds were judiciously used.

“I have heard the information that Governor Wike has given the whole world. What we in this part of the country should do is ask our government, if they received that kind of money, what exactly do they do with the money? I think this is a legitimate question to ask.

“I will not from my library conclude that nothing has been done. I have heard that they have done a number of things in some local governments, for instance, Onna, but we need to be concrete.

“Governor Wike has commissioned nine or 10 flyovers and these are fantastic things, when we talk of infrastructure, that is what it should be. I have seen a tower here in Uyo, I don’t know what the building will serve.

“I have not asked questions; any time I decide to do a research on the economy of the State, I will ask these questions. But as a private person, what we need to do is to ask the government what has happened, have they received the money, what have they done with it?” he stated.

Efforts to get the Commissioner of Finance, Mr Linus Nkan to comment on the receipt of the derivation fund failed as he was yet to pick up his phone calls at the time of filing the report.

It was gathered that the governors of Delta and Bayelsa states had since addressed the press, notifying their people of the received fund, but in Akwa Ibom State, the government is yet to speak on the matter, leaving the people in the dark.

Headline

China, US Agree To Resume Trade Talks

Published

40 minutes ago

October 18, 2025

Editor

China and the United States agreed on Saturday to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation.

Trump had also threatened to cancel his expected meeting with Chinese counterpart Xi Jinping in South Korea later this month on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.

In the latest indication of efforts to resolve their dispute, Chinese state media reported that Vice Premier He Lifeng and US Treasury Secretary Scott Bessent had “candid, in-depth and constructive exchanges” during a Saturday morning call, and that both sides agreed to hold a new round of trade talks “as soon as possible”.

On social media, Bessent described the call as “frank and detailed”, and said they would meet “in-person next week to continue our discussions”.

Bessent had previously accused China of seeking to harm the rest of the world by tightening restrictions on rare earths, which are critical to everything from smartphones to guided missiles.

US Trade Representative Jamieson Greer also participated in the call, according to the report by Chinese state news agency Xinhua.

Hours before the call, Fox News released excerpts of an interview with Trump in which he said he would meet Xi at the APEC summit after all.

Trump told the outlet that the 100 percent tariff on goods from China was not sustainable.

“It’s not sustainable, but that’s what the number is… They forced me to do that,” he said.

The high-level video call came as Washington worked to rally Group of Seven finance ministers in response to the latest Chinese export controls.

For now, the G7 ministers have agreed to coordinate a short-term response and diversify suppliers, the EU’s economy commissioner Valdis Dombrovskis told reporters in Washington.

Speaking after the grouping met this week, Dombrovskis noted the vast majority of rare earth supplies come from China, meaning that diversification could take years.

“We agreed, both bilaterally with the US and at the G7 level, to coordinate our approach,” he said on the sidelines of the International Monetary Fund and World Bank’s fall meetings.

Countries would also exchange information on their contacts with Chinese counterparts as they work out short-term solutions, he added.

German Finance Minister Lars Klingbeil told journalists he hopes that Trump and Xi’s meeting can help to resolve much of the US-China trade conflict.

“We have made it clear within the G7 that we do not agree with China’s approach,” he added, referring to the group of Britain, Canada, France, Germany, Italy, Japan and the United States.

International Monetary Fund chief Kristalina Georgieva also expressed hope Friday for an agreement between the countries to cool tensions.

The US-China trade war reignited this year as Trump promised sweeping tariffs on imports soon after returning to office.

At one point, US-China tariffs escalated to triple-digit levels, effectively halting some trade as businesses waited for a resolution.

The two countries have since lowered their respective levies, but their truce has remained shaky.

AFP

Headline

Morocco Jails Student One Year Over Gen Z Protest

Published

1 day ago

October 17, 2025

Editor

A student arrested during Morocco’s youth-led protests has been sentenced to one year in prison, his lawyer told AFP on Friday.

The case marks the first publicly known prison sentence linked to the kingdom’s Gen Z demonstrations, which have been held near-daily between late September and last week to demand social and political reforms.

The student was charged with “participating in an unauthorised and unarmed gathering” and “insulting the judicial police by providing false information”, lawyer Mohamed Nouini said.

“The ruling is unfair, and we will appeal,” he added, arguing that sit-ins did not require authorisation as per a Supreme Court precedent.

The lawyer said his client was arrested on September 30, three days after the protests erupted in the North African country.

According to a report by news website Hespress, citing another lawyer, the student’s arrest was “an unfortunate coincidence” as he was in Casablanca for a family visit.

The other lawyer, Mohamed Lakhdar, told the judge the student had “not insulted” police nor provided false information, telling them he “was just a student”, according to the report.

Hundreds were arrested during the early days of the largely peaceful demonstrations.

Some cities had seen spates of violence and acts of vandalism, while authorities have said three people were killed by police acting in “self-defence” during clashes in a village near Agadir.

The Moroccan Association for Human Rights (AMDH) has said roughly 550 people are facing prosecution on suspicion of joining the protests, with some still in detention.

The organisers of the online-based movement behind the nationwide protests, the GenZ 212 youth collective, remain unknown.

The collective has called for “peaceful sit-ins” on Saturday and demanded the release of those arrested during the demonstrations.

The protest came after the deaths of eight pregnant women during Caesarean sections at a hospital in Agadir.

But protesters have also demanded reforms to the education system and a change of government.
AFP

Headline

Trump Refiles $15bn Defamation Lawsuit Against New York Times

Published

1 day ago

October 17, 2025

Editor

US President Donald Trump has refiled a $15 billion defamation lawsuit against The New York Times, court documents show, weeks after it was thrown out by a federal judge.

Trump has intensified his long-established hostility toward the media since his return to the White House, and the suit is one of numerous attacks against news organizations he accuses of bias against him.

The Times’ complaint was thrown out in September because District Judge Steven Merryday took exception to its florid writing, repetitive and laudatory praise of Trump, and its excessive 85-page length.

The suit filed Thursday in Florida and seen by AFP runs to less than half the length, at 40 pages.

It takes aim at “false, defamatory, and malicious publications”, highlighting a book and two Times articles.

The lawsuit named the newspaper, three Times reporters and the publisher Penguin Random House as defendants.

It accuses them of making defamatory statements against Trump “with actual malice.”

“The statements in question wrongly defame and disparage President Trump’s hard-earned professional reputation, which he painstakingly built for decades” before entering the White House, the lawsuit says.

The court was asked to grant compensatory damages of not less than $15 billion and additional punitive damages “in an amount to be determined upon trial.”

Trump’s attacks on media outlets have seen him restrict access, badmouth journalists critical of his administration, and bring lawsuits demanding huge amounts of compensation.

In July, Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at least $10 billion after it reported on the existence of a book and a letter he allegedly sent to sex offender Jeffrey Epstein.

Paramount settled Trump’s lawsuit over election coverage on CBS News’ flagship show “60 Minutes” for $16 million the same month. He had alleged that the program deceptively edited an interview with his 2024 election rival, Kamala Harris, in her favor.

AFP