Reuters
WED FEB 13, 2019 / 8:02 AM EST
EU broadens its dirty-money blacklist, adds Saudi Arabia
Francesco Guarascio


REUTERS/FRANCOIS LENOIR/FILE PHOTO
STRASBOURG (Reuters) - The European Commission added Saudi Arabia, Panama, Nigeria and other jurisdictions to a blacklist of nations that pose a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday.

The move is part of a crackdown against money laundering after several scandals hit EU banks in recent months. But it has triggered criticism from several EU states worried about their economic relations with the listed states, notably Saudi Arabia.

The Saudi government media office did not immediately respond to a request for comment. Panama said it should be removed from the list because it recently adopted stronger rules against money laundering.


Despite pressure to exclude Riyadh from the list, the commission decided to list the kingdom, confirming a Reuters report in January..

Apart from reputational damage, inclusion on the list complicates financial relations with the EU. The bloc's banks will have to carry out additional checks on payments involving entities from listed jurisdictions.

The list now includes 23 jurisdictions, up from 16. The commission said it added jurisdictions with "strategic deficiencies in their anti-money laundering and countering terrorist financing regimes".

Brussels also added to its list Libya, Botswana, Ghana, Samoa, the Bahamas and the four United States territories of American Samoa, U.S. Virgin Islands, Puerto Rico and Guam.

The other listed states are Afghanistan, North Korea, Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

Bosnia Herzegovina, Guyana, Laos, Uganda and Vanuatu were removed.


The 28 EU states now have one month, which can be extended to two, to endorse the list. They could reject it by qualified majority. EU justice commissioner Vera Jourova, who proposed the list, told a news conference she was confident states would not block it.

She said it was urgent to act because "risks spread like wildfire in the banking sector."

MISSING "WASHING Machines"

Criteria used to blacklist countries include low sanctions against money laundering and terrorism financing, insufficient cooperation with the EU on the matter and lack of transparency over the beneficial owners of companies and trusts.

Five of the listed countries are already included on a separate EU blacklist of tax havens. They are Samoa, Trinidad and Tobago and the three US territories of American Samoa, Guam and US Virgin Islands.

Critics said the list fell short of including several countries that have been involved in money-laundering scandals in Europe.

"Some of the biggest dirty-money washing machines are still missing. These include Russia, the City of London and its offshore territories as well as Azerbaijan," said EU green lawmaker Sven Giegold, who sits in the European Parliament special committee on financial crimes.

The EU list is, however, larger than that compiled by the Financial Action Task Force (FATF), a global body, which currently includes 12 jurisdictions - all on the EU blacklist - but excludes Saudi Arabia, Panama and U.S. territories. The FATF will update its list next week.

Jourova said the commission will continue monitoring other jurisdictions not yet listed. Among the states that will be closely monitored are the United States and Russia.

(Reporting by Francesco Guarascio in Brussels; editing by Philip Blenkinsop, Larry King)




All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

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IN SUMMARY

As compared to 2015 Year on Year you will observe that the higher figures comprises of investments via money market instruments ie T-Bills.

Aka Shashe Banking etc

This means

1. While a record of inflow is made the foreign investors were paid their returns upfront

2. Nigeria lost money through this as the T-Bills etc were used to fund internal debt.

This is why while the figures provided now seem high the economy is saying a totally different thing.

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https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.nigerianstat.gov.ng/download/760&ved=2ahUKEwiRtM_54rjgAhXeRBUIHRrDDiUQFjAFegQIARAB&usg=AOvVaw07Y4e6P9ObXlFSWOotv_qK

Esseite:
Propaganda...

they have failed to tell you capital importation by shares (treasury bills & bonds) accounts for $10.5bn, which is added debt which would be paid with interest on maturity.

Without incurring debt, we only attracted less than $5bn in a whole year.

In summary

Okay

Hmm

Buhari has fully acquired the Death Stone!

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Sorry but na Baba Iyabo cos am

Him suppose don cartoon dose chapters

Na d only way Bubu go read and understand.

Buhari na Radarada master! shior

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https://www.herald.ng/president-buhari-loves-cartoons-garba-shehu/

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But Tolu PDP stole so much money, PDP chairmen Audu Ogbeh, Muazu and Sheriff have a lot to answer for...!

Oh I forgot l, they are in APC now!




.

The as simple as APC guide to - how to wallow on abject poverty while the same leaders that glamourose poverty are sporting hublot wristwatches, birkin bags and apartments in miami.

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You dey mind dem?

Ashame dey shame for where dem dey

One single honour dem no get

Na to dey manifest Hypocrisy upandan!

.

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ABEG! See me see WAHALA Oh

Na who sack dem fest?

No be Buhari?

Stockon abi na stockolhorn abi na wetin den dey call dat tin again?


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https://en.m.wikipedia.org/wiki/Nigeria_Airways?wprov=sfla1

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Sense no go kee some peepu

But make dem dey where dem dey abeg


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Ha!

Islie:


The President said, “I am very disturbed by the decision that we are not allowed to participate in some of the processes. I have no doubt that I got elected but I have to respect the institutions that I inherited. I assure you and I recommend that you remain patient and resolute. We will ensure that justice is done in this country.”



https://punchng.com/buhari-expresses-sadness-as-apc-loses-50-elective-seats/

Dis guy Don cast!

Wetin consign "inherit" inside three equal arms of government?

If den leave am, him go proscribe Supreme Court

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D. O. Olusegun is a diehard APC Buharist

Who's to say he didn't stage this?

Politicsngr again hmmm
.

Na today

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You won in 2015

Be VIGILANT this time around!

We will monitor ALL RESULTS AND ALL OFFICIALS AND PERSONNEL.

NO MORE COLLATION MAGO-MAGO


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Joke ke

If na joke him dey joke for 2011, 2015 & now 2019 E mean say Buhari na ACCREDITED COMEDIAN

EXCLUSIVE FOOTAGE OF CALL TO VIOLENCE IN 2011

Watch this video and ask yourself why you are voting BUHARI




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https://www.youtube.com/watch?v=jP2Bel548kY

https://www.legit.ng/351709-video-shows-buhari-calling-for-violence-after-2011-polls.html

Lol

14. Making our economy one of the fastest-growing emerging economies in the world with a real GDP growth averaging 10% annually. [In another instance, the APC promised 10-12% annual GDP growth]

APC mocked PDP's 6% growth promised 10-12% and can only manage 1.2-2.38% growth.

And they are celebrating?



https://www.thecable.ng/documented-promises-buhari-apc-made-nigerians

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COME OUT AND VOTE

You are responsible for your destiny over the next 4 years. No village people! Only you! Abi na village people say make you stay house no vote..(I dont mean INEC wey no give you PVC. Dose wans na accredited... )

your vote counts! That is why they rig. Get out and vote! Especially una wey dey Lagos! YES! Una! No fall hand! Comot come vote....

PREVENT back-to-back recession! COME OUT AND VOTE


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Lol

Why APC wants to force Nigerians to be stupid and poor is the mystery here...

Anyone know why?

Shay una know say if light dey no need of broom?

APC logo don dabaru be dat. Na Fashola mission to ensure say broom maintain for dia logo

Meanwhile E be like say Jagabnd** is passing across a 4+0 message in the photo

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Who should they support?

Tink am well....


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One man's ambition

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We will ke?

After 3 years!

E be like say Baba Don put d money for fix deposit



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Very polite lady.

You know as dem dey insult say "But Egbon, Șę mo pe ę goh sha."

Make E no be say she go leendan com Atikulate on Saturday


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Accredited one

Ha

Heghn

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The amazing thing about the way Super Gbatueyo Minister Fashola lies is the fact they even the data from his ministry over the course of three years has NEVER recorded 6000 MW transmission talk less of 7000.

He lies with audacity and alacrity. He depends on the nature of humans not to fact check someone deemed as an orator. A so-called progressive.

Riddle me this. How long should it take for a really good legacy of 8 years as Governor to be destroyed?

Look around Lagos and ask yourself, What is Fashola's Legacy?

BRT? Tinubu
Incomplete Rail? Tinubu
Incomplete (but tolled) 47km Lekki-Epe? Tinubu

All these have yielded income in their unfinished state for private citizens and not Lagosians.

APC must promote poverty and backwardness to remain relevant. It is their party logo!
Meanwhile they themselves are chopping and cleaning mouth while impoverishing millions of Nigerians - young and old - with their negative plague like policies.


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Wiseandtrue:
OP if to say na you nkor Who won tie investment to an imminent failure

Someone who is NOT honest and stable

I am with them jaré

I hear say d guy original asset declaration na N1B plus

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THE WORLD IS WATCHING (Part 1)


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Financial Analysts from Citibank predicts that the Nigerian stock market will rally if Buhari loses...


Nigeria’s stock market may rally if President Muhammadu Buhari loses this weekend’s election, according to analysts at Citigroup, ending a run that’s seen it fall more than any other in the world in dollar terms since the 76-year-old former general came to office in May 2015. Some foreign investors would prefer a government led by Buhari’s main challenger, businessman and ex-Vice President Atiku Abubakar. But while the 72-year-old has pledged to privatize state assets and float the naira, many are skeptical and point to his reputation for corruption.

https://www.bloomberg.com/amp/news/articles/2019-02-11/nigeria-s-leader-faces-trouble-from-world-s-worst-stocks-chart?__twitter_impression=true

[quote author=Racoon post=75625311][/quote]

Suspension of Walter Onnoghen by President Muhammadu Buhari violates global human rights standards, UN expert says.


The suspension of Nigeria's most senior judge by President Muhammadu Buhari broke international human rights standards on the independence of the judiciary and the separation of powers, a United Nations expert has said.

"International human rights standards provide that judges may be dismissed only on serious grounds of misconduct or incompetence," said Diego Garcia-Sayan, the UN special rapporteur on the independence of judges and lawyers, on Monday.

"Any decision to suspend or remove a judge from office should be fair and should be taken by an independent authority such as a judicial council or a court," he said in a statement.

Buhari, who was a military ruler in the 1980s and was voted into office in 2015, is hoping to win a new term in a presidential election scheduled to take place on Saturday.

The chief justice could preside over any dispute over the election result.

Nigeria's judiciary has helped resolve electoral disputes in past votes, some of which have been marred by violence and ballot rigging.

Garcia-Sayan, who is mandated by the UN Human Rights Council to investigate legal and judicial independence, said dismissing judges without following legal procedures or offering a chance to contest the decision was incompatible with the independence of the judiciary.

Buhari suspended Chief Justice Walter Onnoghen on January 25 following an order by a tribunal on public officials' conduct and replaced him with Ibrahim Tanko Mohammad.

But four courts superior to the tribunal had already ordered a stay of proceedings and the tribunal had previously said it lacked jurisdiction over cases involving judicial officers, Garcia-Sayan said.

The UN statement said some of the judges and the defence lawyers involved in Onnoghen's case had been subject to serious threats, pressures and interference.

'Attempted coup'
The move prompted anger among the country's civil society groups and opposition.

Last month, the Nigerian Bar Association (NBA) decided to embark on a two-day warning boycott of all courts in Nigeria over Onnoghen's suspension.

The NBA and local civil society associations held protests in Abuja and southeast Enugu state to reject Onnoghen's suspension, calling it an "attempted coup against the Nigerian judiciary".

Critics say the suspension is an effort by Buhari to weaken Nigeria's judiciary and pave the way for his election to a second term in the February 16 vote.

Amid heightened tensions before the vote, observers warned against election-related violence.

Oil-rich Nigeria struggles with multiple security challenges, including the decade-old Boko Haram rebellion and Buhari's 2015 election was a rare peaceful transfer of power. Diplomats have urged the top candidates to sign a peace pledge.


https://www.aljazeera.com/amp/news/2019/02/suspension-nigeria-top-judge-breaches-human-rights-190211101744619.html?__twitter_impression=true