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Horn Of Africa Piracy ‘Netted $400m’

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Pirates operating off the Horn of Africa netted more than $400m (£251m) in ransom money between 2005 and 2012, a new World Bank and UN report says.

 

It says the financiers behind the piracy, and not the pirates themselves, collect most of the cash.

The money is then used to fund other criminal operations, including arms and human trafficking.

The report calls for a financial task force to root out the money laundering networks.

Its key findings suggest that financial kingpins collect 30%-50% of the total ransom, which rose to an average of $5.04m in 2011 from $3.67m in 2010.

But the “foot soldiers” receive only a standard fee amounting to $30,000 to $75,000 per ship.

The report says the local community in Somalia “provides goods and services to pirates, including food, repair services and khat”.

Khat is a legal stimulant in Somalia.

The report, Pirate Trails, says the financiers invest in both criminal activities and legitimate business interests.

It says, “The proceeds are typically moved by cross-border cash smuggling, trade-based money laundering, bank-wire transfer and the abuse of the Money of Value Transfer Services.”

The report’s co-author, Stuart Yikona, said: “Unchallenged piracy is not only a menace to stability and security, but it also has the power to corrupt the regional and international economy.”

The report recommends increased monitoring of the financial flows from piracy, improved cross-border controls and better regional co-operation.

Mr Yikona said: “The international community has mobilised a naval force to deal with the pirates. A similarly managed multinational effort is needed to disrupt and halt the flow of illicit money that circulates in the wake of their activities.”

The haul in ransom cash between 2005 and 2012 was put at between $339m and $413m.

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Lady buys carton of indomie with COVID-19 sticker in Akwa Ibom

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Lady buys carton of indomie with COVID-19 sticker in Akwa Ibom

A Nigerian lady has lamented over the insensitivity of some Nigerians who go about selling what rightfully belongs to the citizens of the country.

In a Facebook post, the lady, Inemesit Green-Nathaniel said she bought a carton of Indomie and removed a new sticker found on it. It turned out to be a covid-19 sticker, stating that the indomie is not for sale.

 

To her utmost surprise, after removing the “indomitable” sticker, she found COVID19 sticker, underneath it.

“I don’t really know what took my mind to this pack of indomie in my house, I decided to remove this new sticker from it, lo and behold at the back of it I saw Covid 19, Not for sale.

So all this while I have been buying my own right? So if you are looking for warehouse in Akwa ibom, our own palliatives has been sold out to us. HOW HEARTLESS CAN PEOPLE BE?”, She lamented.



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Lekki Toll Gate Future Proceeds Should Go To Victims Of Police Brutality: Tinubu

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Lekki Toll Gate Future Proceeds Should Go To Victims Of Police Brutality: Tinubu

Asiwaju Bola Ahmed Tinubu, former governor of Lagos state has stated that the future proceeds from Lekki toll gate be donated to victims of late endSARS protest in Lagos.

The National Leader of the ruling All Progressives Congress stated this in a statement made available to newsmen in Lagos.

 

 

Read his statement below;

“Today, I speak to those who believe in the importance of, and want to know, the truth,” Tinubu said.

“The slander aimed at me is based on the untruth that I own the toll gate concession. The hate mongers prevaricate that I ordered the Lekki assault because the protests had caused me to lose money due to the interruption of toll gate activity,” Tinubu said.

“The toll gate is a public asset. Given what has happened, I would like to propose to the government that the toll gate be left closed for an indefinite period.

“If it is reopened, revenues should be donated to the confirmed victims of the Lekki attack as well as to other identifiable victims of police brutality in Lagos.

“Let government use the money to compensate and take care of those who have lost life or limb in the struggle for all citizens to go about the quiet, peaceful enjoyment of life without fear of undue harassment at this or that checkpoint,” he said.

“Although equipped with prior notice of the imminent trespass, I did not call anyone to seek or request for the army or police to deploy let alone attack, kill, or injure those who razed and vandalized these properties.

“I did not want any bloodshed. These elements, mostly hirelings of my political opponents, wreaked their havoc and destroyed those buildings and facilities and I thank God that the employees of these two media institutions managed to escape largely unharmed,” he said.

”In good opinion, it is illogical that he allowed damage to his investments but ordered: “soldiers to repel peaceful protesters from the toll gate where I have no financial interest”.

“Why would I be so moved as to instigate the army to attack peaceful, law-abiding people at the toll gate where I have no pecuniary stake, yet lift not a single finger to stop hired miscreants bent on setting fire to these important media investments?”.

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Nigerian leaders constantly leaves me heart broken – Singer Orezi

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Nigerian leaders constantly leaves me heart broken – Singer Orezi

Orezi, famous  Nigerian singer has stated that the fraudulent and corrupt activities of Nigerian leaders constantly breaks his heart.

The singer made this known in a series of tweets he sent out recently.

According to him, political leaders should be held accountable and made to face justice when found culpable of a crime.

He wrote,

“The only reason this politician do this and have the nerve to sleep well at night is because they are not sleeping in KIRIKIRI YET , they commit all this sorts of crimes against the same people who put them in power , Oppress them and the JUDICIARY SYSTEM STILLS FAVOURS them.

“I REPEAT UNTILL OUR POLITICIANS START GOING TO JAIL FOR ALL THIS BROAD DAY LIGHT CRIMES WITH EVIDENCES STARING AT US IN THE EYE NIGERIA WILL NEVER BE GREAT

“This past week has been my worst as a Nigerian living in Nigeria , I have been sad , angry , pained , cried , I can’t mehn !! TIRED GOD GIVE US THE STRENGTH !! ITS NOT EASY, EVERYBODY GO GET YOUR PVC !! na the only way oooo ”.

See screenshots below,

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