Headlines
U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
In a recent meeting with Mr. Gregory LoGerfo, the deputy coordinator for the Bureau of Counterterrorism overseeing Regional and Multilateral affairs in Nigeria, Mr. Eric Meyer, U.S. Treasury Deputy Assistant Secretary, underscored the critical importance of securing Nigeria’s financial sector in the fight against corruption.
Meyer highlighted the need to root out bad actors who exploit the financial sector for illicit activities like terrorism support, money laundering, and corruption. He emphasized the U.S. Department of the Treasury’s commitment to fortifying Nigerian financial and law enforcement institutions in the battle against corruption and illicit finance.
He stated, “We will share information on identified risks and vulnerabilities resulting from bad actors who persistently misuse Nigeria’s financial sector for corrupt practices. Our collaboration with the Nigerian government aims to combat money laundering and terrorism financing.”
Meyer further emphasized that the U.S. Department of the Treasury is actively working to strengthen partnerships with Nigeria, with the aim of generating increased investment and opportunities for both nations. He outlined key areas of focus, including a stable Naira, a strategic fiscal plan for vital investments in infrastructure and social services, eradicating corruption, and safeguarding the integrity of Nigeria’s financial system.
In his remarks, Mr. Gregory LoGerfo expressed pride in the U.S.’s substantial investments in Nigeria, totalling over $5.5 billion in foreign direct investment. He highlighted Nigeria’s significance as the U.S.’s second-largest trading partner in Africa, with bilateral trade surpassing $10 billion. Additionally, he noted Nigeria’s pivotal role as the second largest U.S. export destination in Sub-Saharan Africa, reaching $3.4 billion in 2022.
LoGerfo recognized the active involvement of prominent American companies in Nigeria, including Google, Microsoft, Corning, Equinix, and others, who have demonstrated a strong commitment to Nigeria’s digital economy. He also emphasized Nigeria’s eligibility for preferential trade benefits under the African Growth and Opportunity Act (AGOA).
In conclusion, LoGerfo reiterated the U.S.’s dedication to collaborating closely with Nigeria to create a secure environment conducive to economic growth and development, emphasizing the critical role of eliminating financial insecurities in achieving this goal.
U.S. Treasury Official Harps on Safeguarding Nigeria’s Financial Sector to Combat Corruption
Headlines
FRSC warns truck drivers against speeding, reckless driving
Mr Joshua Ibitomi, the Area Commander of Federal Road Safety Corps (FRSC),
Ibeju-Lekki, Epe Division, Lagos State, has warned truck drivers against speeding and reckless driving.
He gave the warning in an interview with the News Agency of Nigeria (NAN) in Ibeju-Lekki on Tuesday.
The FRSC official, who blamed speeding on the ghastly vehicle accident that occurred at Aiyetoro market in Epe
which claimed several lives and left some injured, said that with careful driving, such accident could be avoided.
He added that “the accident was as a result of speeding, reckless driving and loading of truck beyond its capacity.
“All these are factors responsible for accident when drivers are not conscious of the driving rules.
“Vehicle can develop technical fault at any time, therefore, speed limit and caution need to be applied while driving.”
He said FRSC had been sensitising drivers on the need to install speed limit device and be road conscious while driving, in line with the mandate to instill decent use of road.
Ibitomi also advised passers-by and the public to be safety conscious while walking on roadsides to avoid falling victim of accidents.
He attributed major road crashes on roads to speed limit violation, urging drivers to respect the sanctity of human life by obeying traffic rules.
He added that the FRSC had evolved measures to ensure accident-free yuletide and new year festivities in 2024
Headlines
Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters
Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.
At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”
“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”
Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.
“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.
In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.
As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.
“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.
Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”
While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.
“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.
The contrasting scenes highlighted the nation’s deep political divide on election night.
Headlines
Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties
President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.
The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.
Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.
Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”
Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.
Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”
The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.
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