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Newly Re-elected Chad’s President Idriss Deby Dead 

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The shock announcement came only the day after the 68-year-old was proclaimed the winner of a presidential election that had given him a sixth term in office.

The army said Deby had been commanding his army at the weekend as it battled against rebels who had launched a major incursion into the north of the country on election day.

Deby “has just breathed his last breath defending the sovereign nation on the battlefield,” army spokesman General Azem Bermandoa Agouna said in a statement read out on state television.

Deby, 68, had ruled Chad with an iron fist for three decades but was a key ally in the West’s anti-jihadist campaign in the troubled Sahel region.

The army said a military council led by the late president’s 37-year-old son Mahamat Idriss Deby Itno, a four-star general, would replace him.

On Monday, the army had claimed a “great victory” in its battle against the rebels from neighbouring Libya, saying it had killed 300 fighters, with the loss of five soldiers in its own ranks during eight days of combat.

Deby would have been one of the longest-serving leaders in the world, after provisional results showed him winning the April 11 election.

He was a herder’s son from the Zaghawa ethnic group who took the classic path to power through the army, and relished the military culture.

His latest election victory — with almost 80 percent of the vote — had never been in doubt, with a divided opposition, boycott calls, and a campaign in which demonstrations were banned or dispersed.

Deby had campaigned on a promise of bringing peace and security to the region, but his pledges were undermined by the rebel incursion.

The government had sought Monday to assure concerned residents that the offensive was over.

There had been panic in some areas of N’Djamena on Monday after tanks were deployed along the city’s main roads, an AFP journalist reported.

The tanks were later withdrawn apart from a perimeter around the president’s office, which is under heavy security during normal times.

“The establishment of a security deployment in certain areas of the capital seems to have been misunderstood,” government spokesman Cherif Mahamat Zene had said on Twitter on Monday.

“There is no particular threat to fear.”

However, the US embassy in N’Djamena had on Saturday ordered non-essential personnel to leave the country, warning of possible violence in the capital. Britain also urged its nationals to leave.

France’s embassy said in an advisory to its nationals in Chad that the deployment was a precaution and there was no specific threat to the capital.

The rebel raid in the provinces of Tibesti and Kanem was carried out by the Front for Change and Concord in Chad (FACT), based in Libya.

The group has a non-aggression pact with Khalifa Haftar, a military strongman who controls much of Libya’s east.

FACT, a group mainly made up of the Saharan Goran people, said in a statement Sunday that it had “liberated” the Kanem region. Such claims in remote desert combat zones are difficult to verify.

The Tibesti mountains near the Libyan frontier frequently see fighting between rebels and the army, as well as in the northeast bordering Sudan. French air strikes were needed to stop an incursion there in February 2019.

In February 2008, a rebel assault reached the gates of the presidential palace before being pushed back with French backing.

AFP

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Banks’ CEOs Hold Emergency Meeting Over BDCs’ Forex Ban 

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Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria.

After the meeting, they spoke during a webinar organised to give an update on the banks’ preparedness to be the main channel of forex distribution, following the recent discontinuity of forex supply to the BDC operators by the CBN.

The executives assured the public that banks would make forex available to customers in accordance with the CBN’s directives.

After the last Monetary Policy Committee meeting, the Central Bank Governor, Godwin Emefiele, had ordered all Deposit Money Banks to set up teller points at designated branches across the country to fulfil legitimate FX request for personal travel allowance, business travel allowance, tuition fees, medical payments and SMEs transactions, among others.

Speaking at the webinar, the Group Managing Director/Chief Executive Officer, Access Bank Plc, Herbert Wigwe, said, “The banking industry as a whole was willing and ready to carry out this function. The banks have very strict compliance measures, in terms of verification and making sure that people who do apply are eligible.

“All Nigerian banks will be able to meet these requirements. If you look at all the branches nationwide, you will know that the banks have more than enough capacity to do this.”

He said if the banks saw any compliance issues, or people attempting to do things cunning, they would be reported to the CBN because the banks would ensure full compliance with the order.

The Group Chief Executive Officer, Guaranty Trust Holding Company Plc, Mr Segun Agbaje, while speaking on the capacity of the banks to meet the customers demand, said, “It is not only the CBN that has the ability to fund the market; the banks also have the resources to meet the demand, and we have agreed collectively that it will start immediately.”

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Nigeria Needs $2.3tn To Address Infrastructure Deficit, Says FG

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Secretary to the Government of the Federation, Boss Mustapha, said that the country need $2.3tn to address its national integrated infrastructure masterplan.

He said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised by Business Hallmark.

According to him, the 23-year masterplan (2020-2043) is for the development of infrastructure including roads, railway network and maritime sector.

The event was chaired by a former national chairman of the All Progressives Congress and former governor of Edo State, Chief John Odigie-Oyegun.

Mustapha said, “Conscious of the economic disruption caused by 2016 recession and COVID-19 as well as challenges of previous reforms, the Federal Government revised the 23 year (2020-2043) national integrated infrastructure masterplan that identified critical enablers.

“For the 23-year period, $2.3tn will be required, translating to about $150bn annually and the private sector and other partners have to provide 56 per cent, while Federal Government and state governments will provide 44 per cent of the share of the investment.

“The Federal Government has made important strides towards providing much of our infrastructure and has, in recent years, conducted several infrastructural reforms.

“Specifically, we are extending and upgrading the nation’s railway network and introducing more locomotive couches. The port sector has been converted to landlocked model and terminal.

“Similarly, Public Private Partnership style infrastructure company with an initial seed capital of N1tn envisaging to grow over time to N6tn in assets and capital has been established and will soon commence operation.

“It will be one of the premier finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development.

“The reduction in Nigeria’s infrastructural gap will also give the country a competitive advantage under the newly signed Africa Free Continental Area Trade Agreement.”

The Minister of Water Resources, Suleiman Adamu, deplored the water crises in Nigeria saying no community in the country enjoyed water supply always.

He said, “In 1992, 30 per cent of the Nigerian population was enjoying pipe-borne water and as of 2015, it had dropped to seven per cent.

“In 2015, we were at 68 per cent national coverage for access to water and as of today, we are at 70 per cent and maybe by the time the result for 2021 comes out, we might be at 71 per cent to 72 per cent.

“As for water quality, 90 per cent of water consumed, including water from the boreholes, are contaminated and water is the basic necessity of life.”

Oyegun, in his contribution at the event, said six years going, the performance of the regime of the President, Major General Muhammadu Buhari (retd.), had been mixed.

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NERC: Over 1m Electricity Consumers Have Received Prepaid Meters

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