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Former French Minister Tried Stashing Over N3bn

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Jérôme Cahuzac

Jérôme Cahuzac

Reports have revealed former government minister Jérôme Cahuzac tried to deposit €15m (about N3bn) into a Geneva bank four years ago, in the latest twist to a scandal that has rocked France.

Cahuzac was forced to resign from his job as budget minister in charge of clamping down on tax evasion last month after it was revealed he had hidden €600,000 (about N123m) from the French taxman in a secret Swiss bank account.

The minister lied through his teeth, denying vigorously the allegations. He even protested his innocence face to face with President François Hollande and before the French parliament, saying: “I do not have a foreign bank account.”

He however admitted last week he had lied, causing shock waves though political circles and among the public. A poll on Sunday revealed almost one third of French electors wanted the Assemblée Nationale dissolved and new legislative elections less than a year after the last.

Radio Télévision Suisse on Sunday claimed to have information from “banking sources” that Cahuzac had tried to transfer €15m to a Geneva bank in 2009. The bank, it reported, refused to accept the money fearing “future complications” because Cahuzac was a political figure. At the time, Switzerland had declared it was prepared to share information and cooperate legally in cases of fiscal evasion.

Cahuzac is now under formal criminal investigation for “laundering the proceeds of fiscal fraud”. On Sunday evening his lawyer Jean Veil denied the new allegations.

The scandal has sparked one of the worst political crises in decades and added huge pressure to the beleaguered Hollande.

Libération newspaper wrote that the crisis was “so fundamental” that the “contract of trust between people and government has now been broken”.

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JUST IN: ECOWAS Lifts Sanctions On Mali

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ECOWAS countries
ECOWAS Countries

ECOWAS Countries

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US President, Donald Trump, Wife Test Positive For Covid-19

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Donald Trump and Melania
Donald Trump and Melania

Donald Trump and wife, Melania Trump

President of the United States, Donald Trump, and his wife, Melania Trump have both tested positive for COVID-19.

The President took to his official Twitter handle on Friday to make this announcement.

Trump was last seen in public on Thursday afternoon, returning to the White House after a fundraising trip to New Jersey.

Also Read: What I Told Trump When He Accused Me Of Killing Christians – Buhari

On Thursday, he announced that his aide, Hope Hicks tested positive for the virus which has killed over 1 million people around the world.

He further revealed that he and the first lady had taken the test and waiting for the results before announcing the outcome on Friday.

 

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Mali: N’Daw, Coup Leader Goita Sworn In As President, VP

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President of Mali, N'Daw, coup leader, Goita
President of Mali, N'Daw, coup leader, Goita

President of Mali, N’Daw, coup leader, Goita

Retired Army Colonel, Bah N’Daw has been sworn in on Friday as the interim president of Mali and he is to head a transitional government following last month’s military coup in the country.

The swearing-in ceremony held in the country’s capital city of Bamako, where Colonel Assimi Goita, who led the military junta, was also sworn in as interim vice president.

This administration is to lead the government for a maximum of 18 months before organising national elections.

Also Read: Buhari Attends Virtual ECOWAS Extraordinary Summit Over Mali Crisis

It will be recalled that the country’s military executed a coup last month (August 18) which successfully removed the nation’s president, Ibrahim Boubacar Keita from office.

Former President of Nigeria, Goodluck Jonathan, attended the ceremony alongside other members of the ECOWAS mediation team.

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