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US, Iran Face-off: Trump Announces New Sanctions Hours After Strikes On US Bases

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President Trump announced new economic sanctions against Tehran but did not call for more military action against the Iranians during his first formal public remarks about the conflict since ordering the drone strike of Iran’s most important general last week.

“The United States is ready to embrace peace with all who seek it,” Mr Trump said.

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Flanked by Vice President Mike Pence, Secretary of State Mike Pompeo, Defense Secretary Mark T. Esper and other military officials, the president did little to explain his reasoning for ordering the death of Maj. Gen. Qassim Suleimani.

READ ALSO: France Reacts To Iran’s Strikes Against U.S. Facilities In Iraq

On Tuesday, the Iranians retaliated by launching more than 20 ballistic missiles at two military bases in Iraq where Americans are posted. Mr Trump said no Americans were killed.

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The administration has referenced vague intelligence threats against American interests to explain the decision to kill the Iranian general. And even that was conflicting and confusing. Mr Trump was forced to walk back threats to target Iranian cultural sites after Mr Esper made clear that such actions would be a war crime.

“As we continue to evaluate options in response to Iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian regime,” Mr Trump said.

READ ALSO: Suspected Human Skulls Seller, Buyer Arraigned In Lagos

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The United States already has crippling sanctions in place against Iran. In June, Mr Trump announced a new round in response to Tehran’s aggressive actions against tankers in international waters. And in the spring of 2019, the United States cut off revenues from Iranian oil exports, hitting directly at the heart of the country’s economy.

(NYT via SUN)
Photo credit: sunnewsonline.com

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Abducted Ondo Monarch Regains Freedom

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The monarch of Oso Ajowa Akoko in in Akoko North-West Local Government Area of Ondo State, Oba Clement Jimoh, who was kidnapped, has regained freedom.

The traditional ruler, who was abducted in his palace, was set free by the bandits after he had spent seven days in their den.

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According to a family source, the monarch was freed on Wednesday evening and he had been taken to the hospital where he was receiving treatment.

READ ALSO: Gunmen Kidnap Ondo Monarch, Police Launch Probe

Kabiyesi regained freedom yesterday (Wednesday) evening but he has been taken to the hospital for treatment,” the source stated.

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Details later…

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Withdrawal Limits: Senate Raises Concerns, To Debate New CBN

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A file photo of the Senate President, Ahmad Lawan, during plenary at the upper chamber of the National Assembly in Abuja.

A file photo of the Senate President, Ahmad Lawan, during plenary at the upper chamber of the National Assembly in Abuja.

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The Senate has raised concerns about the latest Central Bank of Nigeria (CBN) policy on cash withdrawals.

Senate Minority Leader Phillip Aduda in a point of order during plenary on Wednesday called the attention of his colleagues to the new policy and demanded for caution as it will affect many Nigerians, especially small business owners.

In his response, Senate President Ahmad Lawan cautions the CBN not to approach the policy by jumping into it at once as many Nigerians will be affected.

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He further noted that there is a need to engage the CBN in discussions to get more details of the policy and he directs the committee on banking to discuss this matter during the screening of the CBN Deputy Governors expected to hold before next week.

The Senate has set next Tuesday to debate the new CBN policy.

Under the new withdrawal policy, the CBN restricted the maximum cash withdrawal over the counter (OTC) by individuals and corporate organisations per week to N100,000 and N500,000 respectively.

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READ ALSO: CBN’s New Policy Will Lead To More Job Losses, Disorganize Businesses – University Don

The CBN stated, however, that withdrawals above the thresholds would attract processing fees of 5 per cent and 10 per cent respectively for individuals and corporate entities going forward.

In addition, third-party cheques above N50,000 shall not be eligible for OTC payment while extant limits of N10 million on clearing cheques still remain.

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The new withdrawal regime further pegged the maximum cash withdrawal per week via Automated teller Machine (ATM) at N100,000 subject to a maximum of N20,000 cash withdrawal per day.

 

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IGP Launches Portal To Report Stolen Vehicles

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As precautionary measures to tackle vehicle theft, the Inspector General of Police, Usman Alkali Baba, has launched a platform for Nigerians to report cases of stolen vehicles.

Force Public Relations Officer, Olumuyiwa Adejobi, who disclosed this in a statement on Wednesday, said the digitalized platform – Central Motor Registry (CMR) – successfully completed and commissioned by the IGP is situated at the Force Headquarters in Abuja.

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He said the platform launch followed the “IGP’s quest to ensure a digital environment for policing the country for robust and more proactive measures in crime prevention, investigation, and prosecution.”

“The newly digitalized Central Motor Registry Command Centre will make it possible for members of the public to report vehicles stolen from as far back as 1st January, 2018, and yet-to-be-recovered to input the vehicle details on the online platform to serve as a reliable data point for the possible recovery of the vehicle,” he stated.

“The platform will also process motor vehicle information to support police operations and efforts toward enhancing national security.”

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READ ALSO: APC, PDP, LP Chieftains In Heated Debate Over Nigeria’s Economic Woes

With the CMR having two Command Centres in Abuja and Lagos, Adejobi said 37 Information Centres are located across the Country and in the Federal Capital Territory, with 200 e-Enforcement Operational Patrol Vehicles with automatic number plate recognition on each vehicle as part of the first batch.

He also asked Nigerians and other residents in the country to take advantage of the platform at https://reportcmr.npf.gov.ng to upload their vehicle information on the website with effect from today 7th December, 2022, as a security step for preventing it from being stolen and re-registered.

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