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August 9, 2023 Tinubu Enforces Financial Sanctions on CBN for Niger, Mali, and Burkina Faso

Tinubu Enforces Financial Sanctions on CBN for Niger, Mali, and Burkina Faso

In a recent development, it has been clarified by the presidential spokesman that the mandate and ultimatum issued by the Economic Community of West African States (ECOWAS) did not originate from President Tinubu's office.

President Bola Tinubu, who also serves as the Chairman of ECOWAS, has taken decisive action by imposing renewed and intensified financial sanctions on the Republic of Niger and neighboring countries that have been supporting the coup d'état within Niger. These sanctions come in the aftermath of the failed West African leaders' military intervention, which was aimed at resolving the crisis.

Despite diplomatic efforts made by the African Union, the United States, and the United Nations to engage with General Abdourahmane Tchiani, the leader of the military junta in Niger, these attempts have proven ineffective, as the ousted President Muhammed Bazoum remains detained within the presidential palace.

Addressing this matter on August 8, 2023, Ajuri Ngelale, the Special Adviser to President Tinubu on Media and Publicity, informed journalists that the President has taken further measures to impose sanctions on both individuals and entities providing support to the military junta in Niger. While specific details of these sanctions were not disclosed, Ngelale clarified that they were implemented through the Central Bank of Nigeria (CBN).

Ngelale stated, "I can also report that following the expiration of the ultimatum deadline and building upon the existing consensus on financial sanctions imposed by the ECOWAS Heads of State on the military junta in Niger Republic, President Bola Tinubu has directed the imposition of additional financial sanctions through the Central Bank of Nigeria on entities and individuals associated with or linked to the military junta in Niger Republic."

He went on to emphasize that the mandate and ultimatum issued by ECOWAS were not originated from President Tinubu's office.

He noted that President Tinubu conveyed ECOWAS's position as the Chairman of the sub-region, highlighting the distinction between his role as Chairman and the source of the mandate.

In summary, President Tinubu's administration has taken a proactive stance by intensifying financial sanctions on entities and individuals involved with the military junta in Niger Republic.

The assertion has been made that the ECOWAS mandate and ultimatum were conveyed by President Tinubu as the Chairman of the sub-region and not as originating from his office.

 

August 8, 2023 I Used To Sell Akara With My Mum – Don Jazzy Reveals

I Used To Sell Akara With My Mum – Don Jazzy Reveals

Veteran music producer and industry mogul, Michael Collins Ajereh, renowned as Don Jazzy, has taken a contemplative look back at his modest beginnings in the neighborhood of Ajegunle, where he grew up as the son of an akara (bean cakes) seller.

During his appearance on the latest episode of the Zero Conditions podcast, the head of Mavin Records shared how his upbringing in a modest environment shaped his character and journey.

Recalling those early days, Don Jazzy said, He said: “I remember it like it was yesterday. I remember sitting down with my mum frying Akara (bean cakes) there, sitting on the bench there in Ajegunle, and any big man that passed by with their Peugeot 504 or Mercedes 230 or whatever would come to buy Akara. I also remember the thought in my head: ‘I wish this man would just look at me and say, Young boy, just take this, I know that you need it’.”

The experience of growing up with limited resources left an indelible mark on Don Jazzy's outlook and ambition.

It's worth noting that in July 2022, Don Jazzy suffered the loss of his mother to cancer, a poignant moment that added another layer of depth to his reflections on his journey from humble beginnings to becoming an industry icon.

August 8, 2023 Crayon Reveals Rema Provided Him Accommodation For Two Years

Crayon Reveals Rema Provided Him Accommodation For Two Years

In a recent interview with MTV Base Africa, Charles Chibuezechukwu, also known as Crayon, a popular singer, unveiled a significant chapter of his journey.

He shared that during the period preceding his rise to stardom, his fellow artist from Mavin Records, Rema, extended his support by providing him accommodation for a remarkable two-year duration.

Crayon expressed how crucial Rema's contribution was in shaping his path to career achievement. This insight comes from the 'Ijo Labalaba' singer himself, shedding light on the bond between artists within the Mavin Records family.

He said: “Shoutout to Rema mehn. That’s my brother for life. Rema was a big support, as well. He was very instrumental [to my career success]. You know what’s crazy? I stayed in his house for two years.”

Crayon officially stepped into the limelight in May 2019, following his signing to Blowtime Entertainment, a subsidiary of Mavin Records. This step marked the beginning of a new phase in his music career.

August 8, 2023 Tinubu Inaugurates Committee On Tax Reforms

Tinubu Inaugurates Committee On Tax Reforms

President Tinubu Launches Committee for Fiscal Policy and Tax Reform.

In a significant move, President Bola Tinubu has officially inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms. The inauguration took place at the State House in Abuja on Tuesday.

The establishment of this committee was announced by the President's Special Adviser on Special Duties Communications and Strategy Dele Alake, through a statement on July 7th.

The committee, chaired by Taiwo Oyedele, who holds the position of Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, comprises a diverse array of experts from both the private and public sectors.

This committee has been entrusted with a range of crucial responsibilities, including the reform of tax laws, the design and coordination of fiscal policies, the streamlining of tax structures, and the enhancement of revenue administration.

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