International
BREAKING: ECOWAS to Lift Economic Sanctions On Niger, Mali, Guinea
by Wale Ewedimi
The Economic Community of West African States (ECOWAS) has resolved to lift some sanctions on Niger Republic, Mali and Guinea.
The resolution was taken at the extraordinary summit on the peace, political and security situation in the ECOWAS sub-region in Abuja on Saturday.
While the regional bloc said the political and targeted sanctions on Niger Republic remain, it lifted some financial and economic sanctions on Guinea and some targeted sanctions on Mali.
Meanwhile, President Bola Tinubu called for the suspension of economic sanctions imposed on Niger, Mali, Burkina Faso, and Guinea by ECOWAS.
President Tinubu, who is the Chairman of the Authority of Heads of State and Government of the organization made the call at the Extra-ordinary Summit of ECOWAS in Abuja on Saturday, saying that: “Everything we did was in hopes of persuading our brothers that there existed a better path, a path that would lead to genuine improvement of their people’s welfare through democratic good governance. And this was a path each of our nations had solemnly agreed with one another pursuant to formal regional treaty and protocol.
“However, the sanctions that we contemplated might help lead our brothers to the negotiating table have become a harsh stumbling block. In my mind and heart, that which is hurtful yet ineffective serves no good purpose and should be abandoned.
“ECOWAS was established for the unassailable objective of improving the lives of the people of this region through fraternal cooperation among all member states. This edifice was cemented on the strong foundation and apt conviction that, united as one, we can be the true masters of our destiny.”
The President further explained that ECOWAS took the steps it did based on the regional ideals of security, social stability; democratic governance, political freedom, broad-based prosperity, and sustainable economic development through fair opportunity for each and every one in West Africa.
He said neither hatred nor hidden motive influenced the steps taken and that there was never any intention to douse or undermine the legitimate political aspirations of any member state or to advance the interests of any outside party.
In calling for the suspension of sanctions, President Tinubu stressed that: “We must take note of the approach of the holy month of Ramadan and of Lent. Whether you pray in the mosque or in the church, this represents a time for compassion, hope, and harmony. It is a time that we must not only seek God but also a closer relationship with brother and neighbour.
“In the Spirit of the holy month and of the Lenten period, and with hearts bestirred by goodwill towards all our people, let us extend a hand as brothers and friends to those in Niger, Mali, Burkina Faso, and Guinea.
“What I suggest in real and practical terms is that we, my colleagues and fellow heads of state in ECOWAS, indefinitely suspend economic sanctions against Niger, Mali, Guinea and Burkina Faso and against the leadership of the military authorities in those nations.”
The President asked that ECOWAS facilitate the unfettered flow of foodstuffs, medicines and other humanitarian items to the people of these nations, especially to the most vulnerable, adding that for Nigeria, this will also mean the prompt resumption of export of electric power to Niger.
“In this vein, suspension of sanctions is an important but initial step. What we seek is more than the breaking of the diplomatic logjam. We must use this very moment when things seem tense and progress unavailing, to forge greater cooperation within our community.
“We not only reach out to our brothers. Today, we say unto them — let us begin to work more earnestly together for the economic development of our people and towards confronting those modern challenges that respect no borders or boundaries. Challenges ranging from climate change to violent extremism to illegal pilfering of our precious natural resources require that we join together in progress or we fail separately.
“As leaders of ECOWAS, we have accepted the honour and duty to draft the history of the region and its people during our tenure in office. We have also accepted the honour and duty to reach out to our brothers, letting them know this regional home belongs to us all. I shall do my utmost in this regard. I humbly beseech that you do the same.
“For these reasons, we must suspend sanctions and return to brotherly dialogue. I call on the leadership in Burkina Faso, Guinea, Mali, and Niger to embrace the hand extended,” the President stated.
International
General Hydrocarbons Floors FBN as S’Court Sets Aside Appeal Court Ruling
…..As court Orders Return of Seized Oil Vessel
The Supreme Court has nullified the Court of Appeal’s ruling that permitted the seizure of an oil vessel belonging to General Hydrocarbons Limited (GHL) to settle a contractual dispute with First Bank of Nigeria (FBN).
In a unanimous judgment delivered on Friday, the apex court ordered the immediate return of the seized vessel and the proceeds from the sale of its contents to GHL, its rightful owner.
The Supreme Court dismissed the case instituted by FBN, declaring that the dispute was purely contractual in nature and did not qualify as a maritime matter. It therefore held that the Federal High Court lacked the jurisdiction to entertain the suit from the outset.
The apex court faulted both the trial court and the Court of Appeal for assuming jurisdiction over the matter and proceeding to determine it.
The ruling effectively ends the long-running legal battle, delivering a major victory to General Hydrocarbons Limited against the bank.
International
South Africa Anti-Immigration Peaceful Protests To Continue Weekly Till Demands Are Met
A senior reporter, Channel, Africa, Nhlanhla Mahlangu, reported that the anti-immigration protests held across several South African cities remained largely peaceful despite isolated incidents of violence and attempted looting.
The organisers of South Africa anti-immigrant protest have announced that come next week, from Thursday, every Thursday, they will be taking to the streets until the government heeds to their call and ensure that all undocumented nationals leave the country.
A senior reporter, Channel, Africa, Nhlanhla Mahlangu, reported that the anti-immigration protests held across several South African cities remained largely peaceful despite isolated incidents of violence and attempted looting.
She also revealed that organisers intend to continue with weekly demonstrations from next Thursday until their demands are met.
Mahlangu further reported that an inter-ministerial committee comprising ministers within South Africa’s security cluster commended the largely peaceful conduct of the protests while condemning isolated incidents of violence reported across the country.
International
Cut Petrol Prices Now, Trump orders Retailers
Trump warned that his administration would not tolerate price gouging, describing the practice as illegal and cautioning retailers that those who ignore the call to lower prices could face “big problems
United States President Donald Trump has directed gasoline retailers across the country to reduce pump prices without delay.
Trump issued the directive in a post on his Truth Social platform, accusing fuel retailers of keeping prices unnecessarily high despite crude oil trading at about $68 per barrel.
“Gasoline retailers must get their prices down immediately”, the president declared, urging companies to “do what they know is right” by passing lower costs on to consumers.”
He argued that declining global crude oil prices should translate into immediate relief for American motorists.
Trump warned that his administration would not tolerate price gouging, describing the practice as illegal and cautioning retailers that those who ignore the call to lower prices could face “big problems.”
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