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Nigeria’s naira plunged the most in almost four months to an unprecedented level in the official market as the West African nation’s move to a more flexible exchange rate puts pressure on the currency.

The naira weakened 8.9% to 848.12 to the dollar in the official market on Tuesday, according to data compiled by Bloomberg. The drop was the most since June 20. The currency was little changed at 1,052 a dollar on the street, according to Abubakar Mohammed, chief executive officer of the Forward Marketing Bureau de Change Ltd.

The Central Bank of Nigeria eased foreign exchange controls in mid-June after newly elected President Bola Tinubu criticized the bank’s monetary policy measures and pledged an end to the nation’s multiple exchange-rate regime. That saw the official rate plunge 40%, briefly aligning with the illegal market before the spread began to widen again. Until Tuesday, the official rate stayed near 800 to the dollar even as the street rate weakened past 1,000 naira.

“Illiquidity persists in the market in the absence of central bank intervention, ”Tajudeen Ibrahim, head of research at Chapel Hill said by phone.

The widening premium between the official rate and the parallel market “indicates that the exchange rate has not been setting a clearing price,” the central bank said on Monday after it scrapped restrictions put in place eight years ago to manage demand for dollars.

Nigeria, Africa’s biggest crude producer, has been struggling to boost supply of dollars for years after falling oil revenue left its foreign-exchange reserves in a perilous state. That prompted authorities to stop selling foreign currency to importers of products such as rice, vegetables and chicken in a bid to encourage local production.

The move only pushed demand for dollars to the unauthorized market.

Wednesday, 18 October 2023 05:03

Oil prices surge as Middle East tension deepens

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.

Brent crude futures advanced $1.69, or 1.9%, to $91.59 a barrel at 0347 GMT. West Texas Intermediate crude (WTI) futures were up $1.84, or 2.1%, at $88.50 a barrel.

In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

Markets factored in risk premiums after about 500 Palestinians were killedin a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.

Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders.

"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.

Markets are nervous about a threatened Israeli ground offensive in Gaza.

"A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said.

Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.

Official U.S. government data is due later on Wednesday.

On the demand side, China's economy grew faster than expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery.

China's official data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.

But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.

"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.

Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

 

Reuters

Independent National Electoral Commission (INEC) says its results viewing portal is to enhance election transparency and not a result collation or transmission system.

INEC director of ICT, Paul Omokore, gave the clarification in his presentation titled, “The role of BVAS, IReV for Bayelsa, Kogi and Imo governorship elections” at a two-day capacity workshop for journalists in Akwanga, headquarters of Akwanga Local Government Area of Nasarawa State.

Omokore called on journalists and members of the public not to confuse uploading of polling unit results to INEC Result Viewing Portal (IReV), with electronic transmission of results.

He said INEC Bimodal Voter Accreditation System (BVAS) is only used to upload pictures of polling unit results on form EC8A to IReV, which does not translate to electronic transmission of results.

He said, “Form EC8A is the result that we collated at the polling units. We use BVAS to snap this form and upload the same thing to the IReV portal for public viewing. This is not a collecting system. It does not tally a system. What it does is to snap the EC8A which is the result at the polling unit and upload the same to the public view. That is all.

“I know that 70 per cent of the populace think that the others have collected the figures. No! All it does is snapping the EC8A that the presiding officers have collected all the scores of the parties, signed and stamped and then sent this same picture to the IReV for public viewing. That is all. So, it is not a collecting system.”

 

Daily Trust

Babachir Lawal, a former secretary to the government of the federation (SGF), says Peter Obi of the Labour Party (LP) won the 2023 presidential election.

Lawal, in a statement on Tuesday, said Atiku Abubakar, candidate of the Peoples Democratic Party (PDP), came second, while Bola Tinubu of the All Progressives Congress (APC) came a distant third in the poll.

“I have resisted the temptation to engage in the contemporary political discourse since the February 2023 election faux pas,” the statement reads.

“I did this for two reasons; the first being that as an active player in the drama, I needed time to analyze and digest the data that led to the outcome(s), so I could arrive at an informed decision; the second, being that the rainy season had just set in and it was necessary that I focused my attention on my farms which are the mainstay of my livelihood.

“The current topical issues for political discourse and inquiry are whether or not Bola Tinubu won the presidential election and/or that he was a priori, qualified to participate in the election given his murky biodata as is now being publicly unveiled daily in an avalanche.

“My answer to the first inquiry is that regardless of whatever INEC or Appeal Court said or did, Bola did not win the election.

“Right from the start of the campaigns, Bola knew he was not going to win the election in a free and fair contest so he decided to go by all means.

“Available factual data as aggregated from several independent sources indicate that Obi got the majority votes while Atiku came second. Bola came a distant third in the number of votes scored.

“My answer to the second inquiry is that given the now unfolding deluge of uncomplimentary information about who or what he actually is, ordinarily, sound ethics and morality should have convinced him to voluntarily excuse himself from participation in the election.”

“RESIGN AND GIVE ATTENTION TO YOUR HEALTH”

The ex-SGF called on Tinubu to resign as president to attend to his health.

Lawal said six months into Tinubu’s administration, Nigerians have realised that what they have is not what they deserve politically.

“But this, notwithstanding, I believe he still has time and opportunity to save himself this public humiliation and embarrassment to his person, both locally and internationally by resigning so that he can give more attention to his health,” he said.

“After all, no one knows about the truism of these severely embarrassing and humiliating exposures about his person than the man himself.

“Leadership is all about integrity; sound pedigree, trustworthiness, and the ability to unite and instil hope and confidence in the people one seeks to lead. In these qualities, most Nigerians are in total agreement that Bola has them in very very short supply indeed.

“But now, six months down the line, the chicken has come home to roost as Nigerians have come to the realization that we have not got what we deserve politically.

“Confusion and despondency are now all over the nation as no one trusts the government to do what it says it will do.

“No one trusts the leader, and no one trusts appointees who are appointed as rewards for their roles in the election or who had in the past helped him in his life.”

Lawal also alleged that the appointments made by Tinubu were compensations to those who helped him to get into office.

“Bola the President and his group are now in government and are in full control of Nigeria’s vast resources and opportunities. They are enjoying their offices while Nigerians languish in insecurity, poverty, and hopelessness,” he said.

“It seems more like he is rewarding people who supported him to get the Presidency at all costs. This band of appointees that Bola is assembling into his government don’t care about Nigeria at all.”

 

The Cable

All Progressives Congress (APC) says Babachir Lawal, a former secretary to the government of the federation (SGF), needs “counselling” because he is “disconnected from reality”.

The ruling party was reacting to a statement by Lawal where he claimed that Peter Obi, candidate of the Labour Party (LP), won the presidential poll.

He said President Bola Tinubu, who was declared as winner of the election by the Independent National Electoral Commission (INEC), came “a distant third”.

In a statement on Tuesday, Felix Morka, APC spokesperson, said the former SGF is peddling “gibberish” because Obi lost the election.

“Clearly, the defeat of his principal, Peter Obi, at the poll has done incalculable damage to Lawal’s psyche and his capacity for rational thought as evident in his analysis based entirely on the figment of his warped imagination rather than on hard facts and figures,” he said.

“A clear sign of his disconnect from reality was his reference to the election held in May 2023, rather than February.

“We challenge Babachir Lawal to give a detailed breakdown of his so-called ‘aggregated facts sourced from independent sources,’ which he claimed proved that Obi won the election or forever remain mute.

“That he did not provide these facts to help Obi prove his case before the Presidential Elections Petitions Court is a massive disservice if not betrayal of his political principal.

“Babachir Lawal ought to have known that running a jaundiced commentary on a matter before the Supreme Court is the height of irresponsibility.

“But he is still nursing bitterness and vindictiveness over his failed dream of running on a joint ticket with Tinubu.”

Morka described Lawal as a “lightweight” individual who has failed as a politician in Adamawa.

“Despite his legendary failure as a politician, former President Muhammadu Buhari in deference to diversity appointed him to the high office of SGF where he was unceremoniously sacked on account of very poor performance and dishonorable conduct,” he said.

“A man like Babachir Lawal is in no position to offer an opinion on the competence of Tinubu’s appointees.”

The APC spokesperson said Lawal should mind his farm “and stop constituting himself into a needless distraction”.

 

The Cable

There was palpable fear at Apalokun village in the Iwerele, Iwajowa Local Government Area of Oyo State, as many persons were reportedly killed in a clash between Operation Burst, Oodua Peoples Congress, Amotekun, Soludero and a group of Fulani herdmen.

Investigations by our correspondent revealed that a group of Fulani herdsmen invaded a farm in the community with their cattle and grazed on it, a situation which led to the demise of the owner of the farm during the argument.

Also, crops worth thousands of naira were destroyed in the process.

The unfortunate incident, which happened on Saturday, October 14, had thrown the entire community into a state of panic.

An informed titled chief in the community, who did not want his name in print, said, “Security operatives, comprising Operation Burst, OPC, Amotekun and Soludero, were informed to restore peace in the area but they were ambushed by Fulani herdsmen, killing yet-to-be-identified persons while scores were injured.

“The matter is being investigated by the various security agencies in the state; you will also be updated at the appropriate time. The heads of the various security agencies have met with the relevant stakeholders, including the representatives of the Fulani and the community heads.”

An impeccable government source lamented that “Many people were killed. Our people started blaming former President Olusegun Obasanjo when he talked about our traditional rulers recently.

It’s time to find a permanent solution to this unreasonable killing and our obas have a big role to play.”

As of press time, all efforts to get the state Police Public Relations Officer, Adewale Osifeso’s reaction to the crisis were not successful as he neither picked up his calls nor responded to a text message.

 

Punch

At least 50 people, including women and children, were abducted and three others were killed in an attack by gunmen in Bagega, a mining village in Nigeria's northwest Zamfara state, residents said on Tuesday.

Kidnapping for ransom has become commonplace in northwestern Nigeria in recent years where armed gangs, often referred to locally as bandits, have targeted villages, schools, and travelers, demanding millions of naira in ransom and making it unsafe to travel by road or to farm in some areas.

The Zamfara police spokesperson did not immediately respond to Reuters' request for comment on the attack, which took place on Monday.

Residents told Reuters the gunmen had stormed the village on motorcycles, shooting indiscriminately and setting houses ablaze. Seven people were also injured in the attack.

The district head was among at least 50 people kidnapped, Abubakar, the village chief, said by phone on Tuesday.

Bello Yahaya, whose father was abducted, said three people were killed and two policemen were shot and wounded while trying to fend off the attackers.

"The injured officers, along with the other individuals who suffered various degrees of gunshot wounds, are currently receiving medical treatment while two critically injured victims have been referred to the Federal Medical Centre in Gusau," Yahaya said. Gusau is the state capital.

"As I speak with you now, an unspecified number of people have been abducted. There is panic and widespread fear among our people," Ismail Badamasi, a resident who managed to escape the assault, told Reuters by phone.

Nigeria faces numerous security challenges, including a 14-year Islamist insurgency in its northeast, separatist violence in the southeast, and frequent deadly clashes between farmers and herders in the central region.

President Bola Tinubu has yet to detail how he will tackle the insecurity. His economic policies have led to a sharp increase in the cost of living, angering citizens.

 

Reuters

After blast kills hundreds at Gaza hospital, Hamas and Israel trade blame as rage spreads in region

A massive blast rocked a Gaza City hospital packed with wounded and other Palestinians seeking shelter Tuesday, killing hundreds of people, the Hamas-run Health Ministry said. Hamas blamed an Israeli airstrike, while the Israeli military blamed a rocket misfired by other Palestinian militants.

At least 500 people were killed, the ministry said.

As rage spread through the region because of the hospital carnage, and with President Joe Biden heading to the Mideast in hopes of stopping the war from spreading, Jordan’s foreign minister said his country canceled a regional summit scheduled for Wednesday in Amman, where Biden was to meet with Jordan’s King Abdullah II, Palestinian President Mahmoud Abbas and Egyptian President Abdel Fattah el-Sissi.

The war between Israel and Hamas was “pushing the region to the brink,” Jordanian Foreign Minister Ayman Safadi told state-run television. He said Jordan would host the summit only when everyone had agreed its purpose would be to “stop the war, respect the humanity of the Palestinians and deliver the aid they deserve.”

Biden will now visit only Israel, a White House official said.

The explosion at the al-Ahli Hospital left gruesome scenes. Video that The Associated Press confirmed was from the hospital showed fire engulfing the building and the hospital grounds strewn with torn bodies, many of them young children. The grass around them was strewn with blankets, school backpacks and other belongings.

The bloodshed unfolded as the U.S. tried to convince Israel to allow the delivery of supplies to desperate civilians, aid groups and hospitals in the tiny Gaza Strip, which has been under a complete siege since Hamas’ deadly rampage in southern Israel last week. Hundreds of thousands of increasingly desperate people were searching for bread and water.

Hamas called Tuesday’s hospital blast “a horrific massacre,” saying it was caused by an Israeli strike.

The Israeli military blamed Islamic Jihad, a smaller, more radical Palestinian militant group that often works with Hamas. The military said Islamic Jihad militants had fired a barrage of rockets near the hospital and that “intelligence from multiple sources” indicated the group was responsible.

In a briefing with reporters, the chief army spokesman, Daniel Hagari, said the army determined there were no air force, ground or naval attacks in the area at the time of the blast. He said radar detected outgoing rocket fire at the same moment, and intercepted communications between militant groups indicated that Islamic Jihad fired the rockets.

Hagari also shared aerial footage collected by a military drone that showed a blast that he said was inconsistent with Israeli weaponry. He said the explosion occurred in the building’s parking lot, and he noted that the death toll could not be confirmed.

Since the war began, the military said in a statement that roughly 450 rockets fired at Israel by militant groups had landed in Gaza, “endangering and harming the lives of Gazan residents.”

Islamic Jihad dismissed those claims, accusing Israel of “trying hard to evade responsibility for the brutal massacre it committed.”

The group pointed to Israel’s order that Al-Ahli be evacuated and its previous bombing of the hospital complex as proof that the hospital was an Israeli target. It also said the scale of the explosion, the angle of the bomb’s fall and the extent of the destruction all pointed to Israel.

Hundreds of Palestinians had taken refuge in al-Ahli and other hospitals in Gaza City in past days, hoping they would be spared bombardment after Israel ordered all residents of the city and surrounding areas to evacuate to the southern Gaza Strip.

Ambulances and private cars rushed some 350 casualties from the al-Ahli blast to Gaza City’s main hospital, al-Shifa, which was already overwhelmed with wounded from other strikes, said its director, Mohammed Abu Selmia. The wounded were laid onto bloody floors, screaming in pain.

“We need equipment, we need medicine, we need beds, we need anesthesia, we need everything,” Abu Selmia said. He warned that fuel for the hospital’s generators would run out within hours.

Before the al-Alhi Hospital deaths, Israeli strikes on Gaza killed at least 2,778 people and wounded 9,700, according to the Gaza Health Ministry, and nearly two-thirds of those killed were children. Another 1,200 people across Gaza are believed to be buried under the rubble, alive or dead, health authorities said.

More than 1,400 people in Israel have been killed, mostly civilians who were slain in Hamas’ Oct. 7 attack. The assault also resulted in some 200 being taken captive into Gaza. Hamas militants in Gaza have launched rockets every day since, aiming at cities across Israel.

Hundreds of Palestinians flooded the streets of major West Bank cities including Ramallah, the seat of the Palestinian Authority, where protesters hurled stones at Palestinian security forces who fired back with stun grenades. Others threw stones at Israeli checkpoints, where soldiers killed one Palestinian, West Bank authorities said.

Elsewhere, hundreds of people joined protests that erupted in Beirut, Iraq and Amman, where an angry crowd gathered outside the Israeli Embassy.

In Amman, a palace statement said Jordan’s king condemned “the ugly massacre perpetrated by Israel against innocent civilians.”

The king “warned that this war, which has entered a dangerous phase, will plunge the region into an unspeakable disaster,” the statement said.

With tens of thousands of troops massed along the border, Israel has been expected to launch a ground invasion into Gaza, but its plans remained uncertain.

“We are preparing for the next stages of war,” military spokesman Richard Hecht said. “We haven’t said what they will be. Everybody’s talking about a ground offensive. It might be something different.”

Throughout the day Tuesday, airstrikes killed dozens of civilians and at least one senior Hamas figure in the southern half of the Gaza Strip, where the Israeli military told fleeing Palestinians to go. An Associated Press reporter saw around 50 bodies brought to Nasser Hospital after strikes in the southern city of Khan Younis.

The Israeli military said it was targeting Hamas hideouts, infrastructure and command centers.

An airstrike in Deir al Balah reduced a house to rubble, killing a man and 11 women and children inside and in a neighboring house, some of whom had evacuated from Gaza City. Witnesses said there was no warning before the strike.

Shelling from Israeli tanks hit a U.N. school in central Gaza where 4,000 Palestinians had taken refuge, killing six people and wounding dozens, the United Nations Palestinian refugee agency said. At least 24 U.N. installations have been hit the past week, killing at least 14 members of the agency’s staff.

A barrage of strikes crashed into the Bureij refugee camp in central Gaza, leveling an entire block of homes and causing dozens of casualties, residents said. Among those killed was one of Hamas’ top military commanders, Ayman Nofal, the group’s military wing said. He is the highest-profile militant to have been killed in the war.

In Gaza City, Israeli airstrikes also hit the house of Hamas’ top political official, Ismail Haniyeh, killing at least 14 people. Haniyeh is based in Doha, Qatar, but his family lives in Gaza City. The Hamas media office did not immediately identify those killed.

Israeli Prime Minister Benjamin Netanyahu sought to put the blame on Hamas for Israel’s retaliatory attacks and the rising civilian casualties in Gaza. “Not only is it targeting and murdering civilians with unprecedented savagery, it’s hiding behind civilians,” he said.

With Israel barring entry of most water, fuel and food into Gaza since Hamas’ brutal attack, U.S. Secretary of State Antony Blinken secured an agreement with Netanyahu to discuss creation of a mechanism for delivering aid to the territory’s 2.3 million people. U.S. officials said the gain might appear modest, but stressed that it was a significant step forward.

Still, as of late Tuesday, there was no deal in place. A top Israeli official said his country was demanding guarantees that Hamas militants would not seize any aid deliveries. Tzahi Hanegbi, head of Israel’s National Security Council, suggested entry of aid also depended on the return of hostages held by Hamas.

More than 1 million Palestinians have fled their homes — roughly half of Gaza’s population — and 60% are now in the approximately 14-kilometer (8-mile) long area south of the evacuation zone, the U.N. said.

At the Rafah crossing, Gaza’s only connection to Egypt, truckloads of aid have been waiting to enter for more than a day. The World Food Program said it had more than 300 tons of food ready to cross into Gaza.

 

AP

WESTERN PERSPECTIVE

Ukraine uses US long-range missiles to strike Moscow-occupied territories

Ukrainian forces used U.S.-supplied long-range ATACMS missiles for the first time, inflicting heavy damage on two airfields in Russian-occupied areas, with President Volodymyr Zelenskiy saying on Tuesday that the weapons had "proven themselves".

The Ukrainian military had issued reports throughout the day about successful, high-precision strikes on airfields near Luhansk in Ukraine's east and in Berdiansk in the south, on the Sea of Azov, both under Russian control.

"Today, special thanks to the United States. Our agreements with President Biden are being implemented. Very accurately - ATACMS proved themselves," Zelenskiy said in his nightly video address.

Ukraine had repeatedly asked the U.S. administration for ATACMS (Army Tactical Missile Systems). Kyiv pledged not to use them inside Russia's territory but said the powerful weapons would alter the course of the 20-month-old war.

Deploying the weapons would allow Ukrainian forces to disrupt previously unreachable supply lines, air bases and rail networks used by Russia in occupied territories, senior officials said.

Ukrainian Special Forces, without initially mentioning the ATACMS, said that nine helicopters, an air defence missile launcher, runways and other equipment had been destroyed, and heavy losses inflicted on Russian forces.

There was no official comment from Russia. But a Moscow-installed official in partially Moscow-controlled Zaporizhzhia region, which is home to Berdiansk, said that cluster munitions from the ATACMS missiles were found there on Tuesday.

Earlier, Rogov said that Russian air defences had ensured that a Ukrainian air attack near Berdiansk was not successful.

Zelenskiy's comments mark the first confirmed use in Ukraine of the ATACMS, which can fly up to 190 miles (310 km). The country's Defence Ministry promised on X, formerly Twitter, that there would be "more news to come".

"As you can see, it is now possible to hit targets impeccably, with great precision, giving the enemy no chance," Ukrainian Air Force spokesperson Yuriy Ihnat told national television.

Kyiv's Western partners have been careful about supplying long-range missiles needed for its four-month-old counteroffensive, fearing it would provoke the Kremlin. It is not clear how many ATACMS missiles Ukraine has.

ATACMS are designed for "deep attack of enemy second-echelon forces," a U.S. Army website says.

A NEW CHAPTER

Ukraine's presidential adviser Mykhailo Podolyak said a new chapter of the war had begun.

"There are no more safe places for Russian troops within the ... internationally recognized borders of Ukraine," he wrote on X.

Russian military bloggers commented on the attacks during the day, with Telegram channel Fighterbomber saying Russian forces had suffered losses of personnel and equipment in strikes carried out with ATACMS.

Citing two unidentified U.S. officials, CNN said Washington had secretly delivered ATACMS to Kyiv. The Wall Street Journal said Ukraine had fired the ATACMS for the first time on Tuesday.

Since starting a counteroffensive in June, Kyiv has frequently attacked military targets in Russian-occupied areas, but it has failed to liberate significant territory from Russian occupation.

Oleksandr Shtupun, spokesperson for Ukraine's southern group of forces, told national television that there had been no letup in Russia's week-old assault on the devastated town of Avdiivka in the east, with Ukrainian forces repelling 10 attacks.

Shtupun also said Ukrainian forces advancing southward to the Sea of Azov had registered "partial success" west of Verbove, one of a cluster of villages it is trying to capture.

The Ukrainian military said Russia was hoping to advance as far as possible towards the town of Kupiansk in northeastern Ukraine before winter.

** Two civilians killed in Russian attack on Zaporizhzhia - Ukraine officials

Two people were killed and at least four wounded after an apartment building was destroyed in a Russian air attack on the city of Zaporizhzhia, officials in the Zaporizhzhia region in Ukraine said on Wednesday.

"Search and rescue operations are ongoing at the site," Anatoliy Kurtiev, secretary of the Zaporizhzhia city council, said on the Telegram messaging app.

Yuriy Malashko, governor of the Zaporizhzhia region, said that eight apartments buildings were damaged in what he said was a Russian missile attack.

Malashko and Kurtiev posted photos of a five-storey building with windows blown out and the entrance destroyed and debris scattered around.

Earlier, a Moscow-installed official in the Russia-controlled parts of Zaporizhzhia, blamed the strikes in the city on Ukrainian forces.

The city of Zaporizhzhia is the administrative centre of the broader Zaporizhzhia region in southeast Ukraine, which is now partially controlled by Russia.

 

RUSSIAN PERSPECTIVE

Russia’s Shoigu estimates Ukrainian counteroffensive losses

The Ukrainian military is continuing its attempts to attack Russian positions along the frontline, Russian Defense Minister Sergey Shoigu revealed on Monday during a televised meeting with President Vladimir Putin and other top officials.

The continuous push by Kiev has been countered by Russia’s “active defense” and counterattacks, with the Ukrainian military failing to make any significant gains anywhere, Shoigu noted. Over the course of its counteroffensive initiated in early June, Ukraine has incurred significant losses, including the loss of “hundreds” of tanks, over 1,500 armored combat vehicles, and substantial personnel casualties, although Shoigu did not provide precise figures.

“The situation looks stable, solid. The troops are acting very professionally, exhibit heroism at many locations, displaying confidence not to only hold their positions, but to continue the realization of the plans we had outlined,” the minister concluded.

According to estimates cited by President Putin last week, Kiev’s forces have lost “over 90,000 people” so far during the counteroffensive. In recent days, certain Ukrainian officials have admitted the counteroffensive has apparently lagged behind schedule and might have gotten “stalled.”Putin, however, said on Sunday the Ukrainian push “has failed completely.”

** Russian forces destroy over 250 military helicopters in Ukraine operation

Russian forces have destroyed over 250 Ukrainian combat helicopters since the start of the special military operation in Ukraine, Russia’s Defense Ministry reported on Tuesday.

"In all, the following targets have been destroyed since the start of the special military operation: 491 aircraft, 251 helicopters, 7,953 unmanned aerial vehicles, 441 surface-to-air missile systems, 12,706 tanks and other armored combat vehicles, 1,163 multiple rocket launchers, 6,802 field artillery guns and mortars and 14,372 special military motor vehicles," the ministry said in a statement.

Ukraine’s army loses 270 troops in Kupyansk area in past day

Russian forces repulsed seven Ukrainian army attacks in the Kupyansk area, killing and wounding roughly 270 enemy troops over the past day, the ministry reported.

"The enemy’s losses amounted to 270 personnel killed and wounded, a tank, 10 armored combat vehicles and three pickup trucks. In counter-battery fire, the following targets were destroyed: two Polish-made Krab self-propelled artillery systems and two Gvozdika motorized artillery guns," the ministry said.

Units of Russia’s battlegroup West supported by aircraft and artillery fire repulsed seven enemy attacks near the settlements of Ivanovka and Timkovka in the Kharkov Region and Nadiya in the Lugansk People’s Republic, the ministry said.

 

Reuters/RT/Tass

In criminal law, he who accuses another of a crime, must prove it. Otherwise, the accused shall remain presumed innocent, until declared not guilty. In a court of law, he who alleges must bear the burden of proof. These are general concept people have used in discussing the allegations against President  Bola Tinubu for certificate forgery. The President’s supporters are quick to say: "Forgery has not yet been proven", and they are right. But how appropriate is that approach?

First, there is a difference between being innocent and being presumed innocent. They normally don’t teach that in law schools. So, even the best lawyers often don’t realize that there is a difference between the two. An accused person is not really innocent. He is only presumed innocent. This is particularly so where the process of indictment is done honestly and fairly. However, where, as in Nigeria, the process of accusing a person formally is corrupt and riddled with all manner of intrigues, to be accused could actually mean many things.

Second, the above concepts only apply in court cases, especially criminal cases. They do not apply in moral parlance or politics. There are certain allegations which, by the circumstances of the accused,  are so damaging that the accused must endeavor to disprove them immediately. Let’s run these scenarios:

A pastor is accused of worshipping in a shrine or in a mosque,

A teacher is accused of raping a minor in his class,

A president of Nigeria is accused of forging his certificate.

In these scenarios, these are very weighty allegations, and the accused has the following options:

1. The accused should just relax and wait for the accuser to prove the allegations,

2. The accused should take steps to disprove the allegations,

3. The accused should  block the accuser from proving the allegations.

Which of these options should you recommend to the accused in any of these scenarios?

As regards the case of Tinubu, because he is the President of Nigeria, presumed to be the greatest country of fraudsters, for him to be accused of certificate forgery is so serious a problem that he should not wait for the accusers to prove their case. He should do everything humanly possible to disprove these allegations. But what did Tinubu try to do? He tried to block the accusers from proving the allegations. He applied to the Court and begged the court to hide his academic record. Even after the court told him that the records should be released, he applied to the Court on appeal and said that releasing the record was so dangerous that it exposed him to the risk of death. That is where we are.

Now, use your head and ask yourself again: Is this the type of case where the accused should just wait for the accuser to prove his allegation or is this a case where the accused must take steps to clear his name?

Please, as you answer this question, forget that Tinubu came from any particular tribe in Nigeria. Assume he does not belong to any particular tribe.


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