Headlines
Russian Forces Invade Ukraine with Strikes on Major Cities as Defiant Putin Warns US, NATO
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By Derrick Bangura
On Thursday, Russian troops launched their expected attack on Ukraine, ignoring international criticism and sanctions and warning other countries that any attempt to intervene would result in “consequences you have never seen.”
Big explosions were heard in Kyiv, Kharkiv, and Odesa before daybreak, as world leaders criticized the commencement of an invasion that might result in catastrophic casualties, topple Ukraine’s democratically elected government, and disrupt the continent’s post-Cold War equilibrium.
President Volodymyr Zelenskyy declared martial law, saying Russia has targeted Ukraine’s military infrastructure. Ukrainians who had long braced for the prospect of an assault, while never knowing precisely when it would come, were urged to stay home and not to panic even as the country’s border guard agency reported an artillery barrage by Russian troops from neighboring Belarus.
President Joe Biden pledged new sanctions to punish Russia for the aggression that the international community had expected for weeks but could not prevent through diplomacy.
Putin justified it all in a televised address, asserting that the attack was needed to protect civilians in eastern Ukraine — a false claim the U.S. had predicted he would make as a pretext for an invasion. He accused the U.S. and its allies of ignoring Russia’s demands to prevent Ukraine from joining NATO and for security guarantees. He also credulously claimed that Russia does not intend to occupy Ukraine but will move to “demilitarize” it and bring those who committed crimes to justice.
Biden in a written statement condemned the “unprovoked and unjustified attack,” and he promised that the U.S. and its allies would “hold Russia accountable.” The president said he planned to speak to Americans on Thursday after a meeting of the Group of Seven leaders. More sanctions against Russia were expected to be announced Thursday.
Ukraine’s Foreign Minister Dmytro Kuleba described the assault as a “full-scale invasion” and said Ukraine will “defend itself and will win. The world can and must stop Putin. The time to act is now.”
In the capital, Kyiv Mayor Vitaly Klitschko advised residents to stay home unless they are involved in critical work and urged them to prepare go-bags with necessities and documents if they need to evacuate. An Associated Press photographer in Mariupol reported hearing explosions and seeing dozens of people with suitcases heading for their cars to leave the city.
The Russian military said it struck Ukrainian air bases and other military assets and had not targeted populated areas. The Russian Defense Ministry statement said the military was using precision weapons and claimed that “there is no threat to the civilian population.”
Anton Gerashchenko, an adviser to Ukraine’s interior minister, said on Facebook that the Russian military had launched missile strikes on Ukrainian military command facilities, airbases, and military depots in Kyiv, Kharkiv, and Dnipro.
After the initial explosions in Kyiv, people could be heard shouting in the streets. Then a sense of normality returned, with cars circulating and people walking in the streets as a pre-dawn commute appeared to start in relative calm.
The consequences of the conflict and resulting sanctions on Russia could reverberate throughout the world, upending geopolitical dynamics in Europe as well as affecting energy supplies in Europe and jolting global financial markets.
Asian stock markets plunged and oil prices surged as the attack began. Earlier, Wall Street’s benchmark S&P 500 index fell 1.8% to an eight-month low after the Kremlin said rebels in eastern Ukraine asked for military assistance.
Anticipating international condemnation and countermeasures, Putin issued a stark warning to other countries not to meddle, saying, “whoever tries to impede us, let alone create threats for our country and its people, must know that the Russian response will be immediate and lead to the consequences you have never seen in history.”
Putin urged Ukrainian servicemen to “immediately put down arms and go home.”
In a stark reminder of Russia’s nuclear power, Putin warned that “no one should have any doubts that a direct attack on our country will lead to the destruction and horrible consequences for any potential aggressor.” He emphasized that Russia is “one of the most potent nuclear powers and also has a certain edge in a range of state-of-the-art weapons.”
Though the U.S. on Tuesday announced the repositioning of forces around the Baltics, Biden has said he will not send in troops to fight Russia.
Putin announced the military operation after the Kremlin said rebels in eastern Ukraine asked Russia for military assistance to help fend off Ukrainian “aggression,” an announcement that the White House said was a “false flag” operation by Moscow to offer up a pretext for an invasion.
Putin’s announcement came just hours after the Ukrainian president rejected Moscow’s claims that his country poses a threat to Russia and made a passionate, last-minute plea for peace.
“The people of Ukraine and the government of Ukraine want peace,” Zelenskyy said in an emotional overnight address, speaking in Russian in a direct appeal to Russian citizens. “But if we come under attack, if we face an attempt to take away our country, our freedom, our lives and lives of our children, we will defend ourselves. When you attack us, you will see our faces, not our backs.”
Zelinsky said he asked to arrange a call with Putin late Wednesday, but the Kremlin did not respond.
In an apparent reference to Putin’s move to authorize the deployment of the Russian military to “maintain peace” in eastern Ukraine, Zelensky warned that “this step could mark the start of a big war on the European continent.”
“Any provocation, any spark could trigger a blaze that will destroy everything,” he said.
He challenged the Russian propaganda claims, saying that “you are told that this blaze will bring freedom to the people of Ukraine, but the Ukrainian people are free.”
At an emergency meeting of the U.N. Security Council called by Ukraine because of the imminent threat of a Russian invasion, members still unaware of Putin’s announcement appealed to him to stop an attack. U.N. Secretary-General Antonio Guterres opened the meeting, just before the announcement, telling Putin: “Stop your troops from attacking Ukraine. Give peace a chance. Too many people have already died.”
NATO Secretary-General Jen Stoltenberg issued a statement condemning “Russia’s reckless and unprovoked attack on Ukraine, which puts at risk countless civilian lives. Once again, despite our repeated warnings and tireless efforts to engage in diplomacy, Russia has chosen the path of aggression against a sovereign and independent country.”
European Council President Charles Michel and European Commission President Ursula von der Leyen promised to hold the Kremlin accountable.
“In these dark hours, our thoughts are with Ukraine and the innocent women, men, and children as they face this unprovoked attack and fear for their lives,” they said on Twitter.
Already before Putin’s speech, dozens of countries imposed sanctions on Russia, further excluding Russian oligarchs and banks from international markets.
The Russian Foreign Ministry dismissed the penalties, claiming that “Russia has demonstrated that, despite the price of the sanctions, it can reduce the harm.”
War has already wreaked havoc on Ukraine’s economy, raising the prospect of massive casualties, energy shortages across Europe, and global economic chaos.
Headlines
Police to partner NDLEA against drug abuse in Osun
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The Commissioner of Police in Osun, Mohammed Abba, has pledged collaboration with the National Drug Law Enforcement Agency (NDLEA) in tackling the menace of drug Abuse in the state.
A statement by the Police Public Relation Officer, CSP Yemisi Opalaola, on Thursday in Osogbo, said that the commissioner made the pledge while playing host to NDLEA State Commandant, Adetula Lawal.
Abba expressed his readiness to further strengthen the healthy partnership between the two agencies.
The police commissioner said that the fight against drug abuse required collective efforts.
According to him, many of those committing crimes are doing so under the influence of dangerous drugs.
Abba promised to provide the necessary support to the NDLEA in the state.
The statement quoted Lawal as commending the police commissioner’s efforts in combating crime and criminality in the state.
He reiterated the agency’s collaboration with the police, as a leading security agency to tackle the menace of drug abuse and trafficking in the state.
Headlines
Customs’ 4% FOB levy will further increase inflation – financial experts
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Financial experts have raised alarm that the implementation of the 4 per cent Free-On-Board (FOB) Levy on imports would exacerbate inflation in the country.
The News Agency of Nigeria (NAN) report that the Nigeria Customs Service (NCS) on Feb. 5 announced its introduction of the FOB levy on imports.
According to Abdullahi Maiwada, the spokesman of the service, the introduction of the levy was in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.
“The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.”
However, a former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite and Evans Osabuohien, a Professor of Economics, said that the levy would worsen the nation’s inflation rate.
In separate interviews with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun, Adegbite and Osabuohien of the Department of Economics, Covenant University, said that the policy would negatively impact the economy.
The former MAN chairman said that the 4 per cent levy by the NCS “is a disaster and will worsen an already bad situation with multiple devastating effect on the economy.
” Why would the government inflict more hardship on the population as this new policy will certainly lead to more price increase, thus further increasing the country’s inflation rate.
“In addition, the masses will suffer more because of the impending price increase without any corresponding increase in income.”
Also, Osabuohien said that though the new FOB policy by the NCS was meant to generate more revenue for the federal government, but it would negatively impact on the economy.
He said that the NCS action would increase the cost of living of households.
The economist explained further that the development would increase the cost of operations of Small Medium Enterprises (SMEs), especially those companies that depend on imported raw materials for their production.
“This additional cost to be incurred through the 4 per cent increase in FOB would be transferred to the consumers and it would automatically trigger increase in the nation’s inflation rate,” Osabuohien said.
Foreign
Trump plans 25% tariffs on steel, aluminium imports
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U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.
“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”
Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.
He spoke of an announcement on Tuesday or Wednesday.
“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”
U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.
The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.
Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.
He implemented a number of duties during his first term from 2017 to 2021.
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