US Billionaire Buffett Challenges Trump To Reveal Tax Returns

US billionaire Warren Buffett challenged Donald Trump Monday to release his tax returns, a feat which the Republican presidential candidate has so far resisted.

Trump has said he won’t release the documents because he is under audit, which Buffett — one of the world’s richest men — suggested is a weak excuse.

“Now I’ve got news for him, I’m under audit too,” Buffett said, speaking at a Hillary Clinton rally in Nebraska. “You’re only afraid if you got something to be afraid about.”

“He’s afraid because of you,” Buffett told the attendees.

Buffett suggested he and Trump meet “any place, any time” before election day to publicly go over their tax records together.

The business magnate also sharply criticized Trump for a recent dispute with the parents of a slain Muslim American soldier.

Pakistani immigrant Khizr Khan galvanized the Democratic National Convention with a tribute to his dead son in which he rebuked the Republican nominee for having “sacrificed nothing” for the country.

In an interview aired on ABC Sunday, Trump insisted he had, in fact, made “a lot of sacrifices” for the United States.

Buffett declared otherwise: “Donald Trump and I haven’t sacrificed anything,” he said, referencing Trump’s remark.

“How in the world can you stand up to a couple of parents who have lost a son and talk about sacrificing because you were building a bunch of buildings?”

Buffett is one of several extremely wealthy Americans to back Clinton for president, including billionaire and independent former mayor of New York Michael Bloomberg and Dallas Mavericks owner Mark Cuban.

Credit: Guardian

Dasuki’s Ex-aide Challenges Detention By EFCC, Army

Colonel Nicholas Ashinze, a former Special Assistant to ex-National Security Adviser (NSA) Col Sambo Dasuki (rtd), has sued the Economic and Financial Crimes (EFCC) and the Army over his continued incarceration.

Ashinze, in a fundamental rights enforcement suit filed by his lawyer, Mike Ozekhome (SAN), is challenging his detention for about 12 weeks without any charge preferred against him.

The suit filed before the High Court of the Federal Capital Territory (FCT) also has the Chief of Army Staff, Lt. Gen. Tukur Buratai as respondent.

Ashinze is praying the court to order EFCC and the Army to release forthwith, his personal effects, documents and properties which were illegally, wrongfully and unlawfully seized from him without any warrant, during his arrest and continued detention since December 23, last year.

Alternatively, he urged the court to issue an order granting him bail on self recognisance or in the most liberal terms as well as an order directing the respondents to tender a public apology and pay him adequate compensation for the blatant violation of his fundamental rights without following due process.

Ashinze also wants the court to restrain the anti-graft agency and the Nigerian Army from further inviting, arresting or detaining him in their custody in relation to same frivolous allegations, which he knows nothing about.

Credit: NATION

Tompolo Heads To Appeal Court, Challenges Arrest Warrant

Former militant leader declared wanted by the Economic and Financial Crimes Commission has headed to the Court of Appeal seeking to set aside the warrant of arrest issued against him.

Government Ekpemupolo (also known as Tompolo) is also asking that the charges against him be transferred to a different judge.

“Meanwhile, his team of solicitors have been instructed to expedite the process of hearing the said appeal, at the earliest possible time,” Ebun Adegboruwa, Mr. Ekpemupolo’s lawyer, said in a statement on Sunday.

“He is a law abiding citizen who is only demanding that the Federal Government should show compliance with the rule of law and due process, in the filing and prosecution of any crime that may be alleged against him.

“The relevant law enforcement agencies are being notified with the details of the appeal, so that they may be well cautioned from taking undue advantage of the criminal charge to wreck havoc upon Gbaramatu kingdom or to harass the family, relatives, friends and well wishers ?of Tompolo.

Mr. Ekpemupolo and Patrick Akpobolokemi, the former Director? General of the Nigerian Maritime Administration and Safety Agency (NIMASA) are accused of a multibillion naira fraud at the agency.

Others charged alongside them are Global West Vessel Specialist Ltd, Odimiri Electrical Ltd, Kime Engozu, Boloboere Property and Estate Ltd, Rex Elem, Destre Consult Ltd, Gregory Mbonu, and Captain Warredi Enisuoh.

Credit: PremiumTimes

Probe Fundings For APC, PDP’s Presidential Campaigns, Metuh Challenges Buhari

The opposition Peoples Democratic Party (PDP) yesterday challenged the President Muhammadu Buhari led government to set up a National Truth Commission where politicians and other Nigerians would publicly discuss the true meaning of corrupt practices in the country.

The opposition party while reiterating its support for the anti-corruption crusade, however called for investigation into the source of funding of the PDP and All Progressives Congress (APC) 2015 Presidential campaigns as well as presidential security votes since 1984.

It also called for investigation into the contributions from APC controlled state governors for their presidential campaign as well as allegations that some serving ministers were appointed to cover up the slush fund that they provided to finance the APC presidential campaign.

It however noted that until top officials of the former government open up on the exact source of the funding, it remains premature to be accusing their party members of corrupt practices.

The arrest of former National Security Adviser, Col Sambo Dasuki, over use of funds supposedly meant for procurement of weapons to fight insurgency, have led to arrests of prominent persons who benefitted from the largesse.

Credit: Leadership

FG Challenges African Media On Quality Content

The federal government has challenged African broadcasters to scale up the quality of their content to sustain viewership in the continent.

Addressing participants at the African Union Broadcasting 9th general assembly in Abuja, the Minister of Information, Lai Mohammed, observed that content is the media’s biggest challenge in Africa.

The focus of the conference was on the need for broadcasters to leverage on content to dominate the media space and become catalysts for growth and the Minister challenged the audience to “be the stimulants for growth”  and “serve the promotion of culture”.

He warned, “If the issue of content is not addressed urgently, public broadcasters in Africa that once dominated the broadcasting landscape will have no viewers in the next ten years.”

Credit: ChannelsTv

Fayose Challenges Buhari To Prosecute Yobe REC For Allegedly Taking N15m Bribe

Ekiti State Governor, Ayodele Fayose, has challenged President Muhammadu Buhari to prosecute the Yobe State Resident Electoral Commissioner, REC, Abu Zarma, for allegedly receiving N15 million as bribe to influence the Yobe State governorship election.

The governor said it was only when that is done that the president’s fight against corruption could enjoy the needed credibility.

“If nothing is done on a case as clear as that of the INEC REC, Nigerians can as well kiss President Buhari anti-corruption fight goodbye,” said the governor in a statement by his spokesman, Lere Olayinka.

Mr. Fayose said it was worrisome that despite the fact that details of the two bank accounts of the INEC REC, which showed that N15 million was lodged into his accounts few days to the April 11 election, was admitted as evidence by the Governorship Election Petition Tribunal in the state, the REC has not been charged to court.

“It is on record that two officials of Diamond Bank Plc and Zenith Bank Plc, tendered exhibits confirming the payment of N15 million into the REC’s accounts by the Aide-de-Camp to Yobe State Governor, Ibrahim Gaidam, Assistant Superintendent of Police, Zakari Deba.

“The ADC allegedly paid N8 million into the Diamond Bank account of the INEC REC and N7 million into his Zenith Bank accounts on April 8, 2015, three days before the governorship election…”

Read More: premiumtimesng

Return Nigeria’s Stolen Wealth Hidden In Your Countries, Buhari Challenges World Leaders

President Muhammadu Buhari Monday in New York called on the international community to urgently redouble its efforts to strengthen mechanisms for dismantling safe havens for proceeds of corruption.

Addressing world leaders at the 70th General Assembly of the United Nations, President Buhari also urged his counterparts to do more to return stolen funds and assets to their countries of origin.

Observing that corruption, cross-border financial crimes, cyber crimes and human trafficking are major challenges of the 21st century which the international community must work collectively to overcome, President Buhari reaffirmed his administration’s determination to frontally confront the twin evils of corruption and illicit financial outflows.

“Let me reaffirm the Nigerian government’s unwavering commitment to fight corruption and illicit financial flows. By any consideration, corruption and cross border financial crimes are impediments to development, economic growth, and the realization of the well-being of citizens across the globe,” Mr. Buhari said.

“Nigeria is ready and willing to partner with international agencies and individual countries on a bilateral basis to confront crimes and corruption.

“In particular, I call upon the global community to urgently redouble efforts towards strengthening the mechanisms for dismantling safe havens for proceeds of corruption and ensuring the return of stolen funds and assets to their countries of origin.”

Read More: premiumtimesng

Saraki Challenges Suit Seeking To Unseat Him

A Federal High Court Judge, Justice Gabriel Ko­lawole, yesterday trans­ferred a suit filed by a group of five senators of All Progressives Congress (APC), including Abu Ibra­him, Kabiru Marafa, Ajayi Boroffice, Gbenga Ashafa, and Suleiman Othman Hu­nyuki against the election of Senate President, Bu­kola Saraki and his Deputy, Ike Ekweremadu, to anoth­er judge for determination.

The judge took the deci­sion because he would not have sufficient time to hear the matter as his tenure as a vacation judge would ex­pire on Friday this week.

Accordingly, he directed counsel to the plaintiffs to serve fresh hearing notices on all respondents and ad­journed the case to August 13 to be heard by Justice Adeniyi Ademola of court six.

Read Moresunnewsonline

FG Challenges Order Barring Arrest Of Buruji Kashamu

The Federal Government has instituted two appeals before the Lagos Division of the Court of Appeal against the orders of the Federal High Court barring security agencies in the country from arresting and commencing extradition proceedings against Senator Buruji Kashamu.

Two judges of the Federal High Court, Justice Okon Abang and Justice Ibrahim Buba had in separate rulings nullified the provisional warrant of arrest obtained by the National Drug Law Enforcement Agency (NDLEA) against the Senator representing Ogun-East.

The judges had also restrained the NDLEA from arresting and arraigning Kashamu in furtherance of moves to extradite him to the United States of America to face drug related offences.

In one of the appeals, the Federal Government argued that the court cannot fetter the hands of security or prosecuting agencies in the lawful discharge of their functions.

In the second appeal, the government submitted that from a careful scrutiny of the case, it was clear that the lower courts aided Kashamu to abuse the processes of the court.

Read More: channelstv

Rivers APC Challenges Gov. Wike To Declare Assets

The Rivers State chapter of the All Progressives Congress has asked the state governor, Nyesom Wike, to declare his assets in keeping with the requirement of his office in line with the mantra of the President Muhammadu Buhari-led federal administration to promote transparency and accountability.

The party stated this in a statement on Tuesday by its chairman, Davies Ikanya.

“In line with the code of conduct for elected public officers in Nigeria, we wish to advise Chief Wike to hasten to declare his assets,” it said.

“The good people of Rivers State want to know the financial status of the man whom the Independent National Electoral Commission (INEC) wickedly imposed on Rivers State as her Governor.

“They have been waiting for their Caretaker Governor to follow the path of honour by declaring his assets, but he has conveniently chosen not to do so because he apparently has skeletons in his cupboard.

“There is, however, no hiding place for Wike as assets declaration is not optional but compulsory for holders of the office he is accidentally occupying in the interim.”

The APC said it had earlier chosen to keep quiet on the issue but decided to speak out in view of Mr. Wike’s “ill-advised dissolution of Boards and Parastatals and moves to dissolve the constitutionally-constituted Local Government Councils so as to be the sole signatory of the accounts of these boards and local governments in the State.”

The party explained that its desire for the governor to declare his assets became imperative to safeguard the state’s fund from being looted with impunity and misappropriated.

It alleged that the sole agenda of the Wike administration was to undermine the state treasury.

The APC said, “We know that asset declaration may be very difficult for Chief Wike to do, aware that he cannot give satisfactory account of the source of his lavish lifestyle before he became Caretaker Governor and his possession of most of the choice properties in Rivers State.”

The party challenged the governor to prove that he still has a modicum of honour by declaring his assets and making the declaration public.


PDP Will Overcome Challenges- Bitrus Kaze

The member representing Jos South/ East Federal Constituency in the National Assembly, Bitrus Kaze, denied suggestions the party was headed for a collapse following the resignation of two prominent executives.

The party’s Chairman, Alhaji Adamu Mu’azu, and Board of Trustees Chairman, Tony Anenih, have quit their positions in recent days.

However, Kaze said while the party was struggling to overcome the aftershocks of its disappointing outing in the 2015 general election, it did suggest the party would fold.

“It is correct to say President (Goodluck) Jonathan’s phone call to congratulate Gen (Muhammadu) Buhari even before he was declared as President-elect is world-class, it is also correct to say that the gale of resignations that has hit the top echelon of the PDP is equally consistent with global best practices. When confronted with such circumstances, key political actors in advanced democracies take complete responsibility by humbly resigning to pave way for new beginning,” Kaze said.

The lawmaker recalled that recently, the Conservatives surprised pundits in the United Kingdom by winning the elections decisively. “The ability of the PDP to successfully evolve from a ruling party into a virile opposition is requisite for the deepening of Nigeria’s democratic ethos and for the strengthening of her experience in partisan politics.”

Amid the defections and resignations, Kaze pledged to remain in the PDP and help it wade through its challenges. “While I am unable to absolve the National Working Committee (NWC) of the PDP of blame, the verbal outburst of the individuals like Chief Femi Fani Kayode at such difficult times is certainly unhelpful,” he added.

Credit: CAJ News

Ihedioha Challenges Okorocha’s Victory At Tribunal

The Imo State Peoples Democratic Party (PDP)’s governorship candidate in the April 11 poll, Hon. Emeka Ihedioha, has filed a petition before the state elections petitions tribunal in Owerri.

Ihedioha, who is also the out-going Deputy Speaker of the House of Representatives, is challenging the re-election of Governor Rochas Okorocha of the All Progressives Congress (APC), for a second term. He is praying the tribunal to declare him winner of the election or alternatively cancel the entire exercise and conduct a fresh election.

Ihedioha through his lead counsel, Mike Ahamba, said the  election was flawed by violence, intimidation, widespread malpractices and partisanship.

Read More: NationalMirror

Mu’azu Challenges Fayose

Embattled National Chairman of the Peoples Democratic Party (PDP), Adamu Mu’azu has again denied working for the All Progressives Congress (APC) in the just concluded general elections.

Mu’azu was responding to accusations by Governor Ayodele Fayose of Ekiti State that Mu’azu worked for APC in the elections.Mu’azu took to Twitter handle on Thursday to mock Fayose.

He challenged the governor to produce the evidence that shows he worked for the APC during the polls. He, however, said he hoped the evidence would not the kind of evidence that Fayose once said he had that Buhari was dying.

Agbaje Challenges Ambode’s Victory At Election Tribunal

The governorship candidate of the Peoples Democratic Party (PDP) in the April 11 gubernatorial election in Lagos State, Jimi Agbaje is challenging the victory of Akinwunmi Ambode of the All Progressives Congress (APC) at the poll.

Agbaje has filed a petition at the State Election Tribunal. The petition was filed on April 30 by Agbaje’s lawyers. Agbaje is contesting Ambode’s victory on three grounds.

Joined along with Ambode in the petition are the Independent National Electoral Commission (INEC), the APC and INEC’s Resident Electoral Commissioner (REC) for Lagos State, Akin Orebiyi. Agbaje had previously congratulated Ambode on his victory in the election.

Read MorePulse

APC Challenges Kashamu’s Victory

The All Progressives Congress (APC) has filed a petition against the Senator-elect for Ogun East, Buruji Kashamu at the National Assembly Election Petitions Tribunal in the state. The petition was filed on Wednesday by the party’s candidate in the election, Dapo Abiodun.

Abiodun in the petition argued that Kashamu was not qualified to contest the election and did not score the highest number of lawful votes as required by law.

The People’s Democratic Party (PDP), the Independent National Electoral Commission (INEC) and the state Resident Electoral Commissioner were joined as the 2nd, 3rd and 4th respondents respectively in the petition. Kashamu was declared winner of the National Assembly election held on March 28 after polling 99 540 votes to defeat eight other candidates.

Read More: Punch

Buhari Challenges President Jonathan Over Missing $20Billion

General Buhari, addressing members of the Organised Private Sector, OPS, at the State House, Marina, Lagos, southwest Nigeria, said the nation’s elite should take the blame for the collapse of the nation’s economy, adding that they were the ones profiting from the abandonment of the refineries.

He said some of the elite owned refineries outside the country, which was why the refineries at home could not be put into proper use.
On the $20 billion missing oil money, Buhari asked Jonathan to immediately account for it as it smacks of corruption. “This current government is being challenged to account for an estimated $20 billion and the whole country is awaiting a report of a forensic audit. $20 billion at N210 to $1 is equal to N4.2 trillion, nearly a year’s federal budget.

“If it is rue this sum cannot be accounted for, this is grossest form of corruption. Just think about it: at N5 million per vehicle, this money would have bought 840,000 patrol vehicles. At N13.5 million for a high capacity bus, this money would have bought 311,000 buses.

Read More:

Chidi Anselm Odinkalu: The CBN, ATM Charges, and Regulatory Capture

On 13 August 2014, the Central Bank of Nigeria (CBN) issued a circular announcing the “re-introduction of ‘Remote-on-Us’ ATM cash withdrawal transaction fee, which will now be 65 Naira per transaction to cover the remuneration of switches, ATM monitoring and fit-notes processing by acquiring banks.” The CBN explained that “the new charge shall apply as from the 4th‘Remote-on-Us’ withdrawal (in a month) by a card holder, thereby making the first three ‘Remote-on-Us’ transactions free for the card holder but to be paid by the issuing bank.”

This circular was not designed to be understood by even highly educated Nigerians and there’re legitimate questions whether its contents are indeed in the interest of the average Nigerian. The reasons it gave for introducing the charge on Automatic Teller Machine (ATM) transactions addressed the interests of bankers and did not at all advert to the interests of users of financial services or consumers of banking products.

To appreciate its implications, the CBN’s new policy on ATM transactions needs to be broken down in terms that mere mortals can understand. The ATM is an essential outlet for retail banking. Deposit money banks issue account holders with ATM cards, with which they can, by keying in their personalized identity numbers (PIN), access their deposits from the ATM.

It is not unusual for customers seeking to use ATMs to encounter problems. In many neighborhoods outside the big cities, many banks don’t deploy ATMs. Customers sometimes travel long distances to access them. May times, the ATM has no cash to dispense. At other times, it debits accounts for money not dispensed. Quite often, many of the ATMs are down or suffering some form outage.

Because of these not infrequent glitches, the Switch system enables customers to access their funds from ATMs operated by Banks other than the ones with which their accounts are domiciled. Clearly, the biggest single reason why account holders use ATMs operated by banks other than their own is system-wide inefficiency. The choice of sticking with the ATM deployed by your own bank doesn’t exist.

To any regulator interested in even-handedness between the industry and the consumer, it would make sense to take measures to progressively minimize these problems with a view, ultimately, to eliminating them. Rather than do this, the CBN chooses to penalize the customer, effectively making inefficiency a revenue stream for banks.

Thus, by this new directive, whenever any customer uses more than thrice in a month an ATM other than that operated by the Bank with which they have an account, they will be charged 65 Naira. To those who are rich and comfortable, this may sound like nothing. But in a country in which over 70% live around or below poverty lines, it’s like robbing the poor to make rich bankers even richer. It’s wrong. Even worse, it looks unlawful.

 The powers of the CBN are not at large. They are established and circumscribed by law. Section 42 of the CBN Act sets up two standards with reference to which regulatory measures by the Bank may be assessed, namely: “high standards of conduct in the banking system” and “in the national interest.” With reference to the former standard, this policy rewards banks for maintaining an abysmal ATM payments system. With reference to the latter, the CBN has manifestly failed to take account of the interests of customers. On both counts, the legality of the new CBN directive can be questioned.

The CBN provides no evidence of monitoring or performance of the ATMs. What is the penetration of ATM deployment relative to the footprint of retail banking? What proportion of ATM transactions are failed or frustrated? What are the statistics of down time or outage on ATMs? How many complaints are logged about ATM transactions; how many are resolved satisfactorily and what is the average resolution time? Why now?

Yet, these are necessary questions because they help to explain the logics of the decision making and ensure compliance with service quality by the banks. Banks have a legitimate interest to make profit from quality service delivery. But by “re-introducing” charges before guaranteeing service quality, the CBN penalizes customers for industry inefficiencies and offers to the industry that it is supposed to regulate a perverse incentive at the expense of the customer. That’s neither in the interest of higher standards of banking nor of the public.

Dr. Chidi Anslem Odinkalu is the Chairman of Nigeria’s Human Rights Commission Governing Board.

Views expressed are solely the author’s