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UN officials to visit Moscow to discuss Ukraine and fertilizer exports

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The United Nations’ under secretary-general for Humanitarian Affairs plans to visit Moscow in early June to discuss the situation in Ukraine, a spokesman for the Russian mission to the UN said Wednesday, according to Russian state-run news agency TASS. 

Martin Griffiths plans to visit Moscow to “continue dialogue he began during his previous visit to Moscow,” and “to discuss the entire spectrum of humanitarian assistance to Ukraine,” spokesman Fyodor Strzhizhovsky said.

Griffiths’ previous visit to Moscow last month was an attempt to facilitate a “humanitarian ceasefire,” having been charged with meeting both parties in the conflict by UN Secretary-General Antonio Guterres.

Strzhizhovsky added that the Secretary-General of the United Nations Conference on Trade and Development Rebeca Grynspan will visit Moscow to discuss the export of Russian fertilizers.

In recent months, the price of fertilizer — an essential for farmers to hit their production targets for crops — has risen due to issues with exports from Russia. Output from Europe has also declined due to the surging price of natural gas, a key ingredient in nitrogen-based fertilizers.

Norway’s Yara — one of the world’s largest fertilizer makers — has reduced export due to the surge in natural gas prices, cutting down the amount of ammonia and urea output from their plants in Italy and France.

According to TASS, Russian Deputy Foreign Minister Andrey Rudenko said on Wednesday that the resolution of the food problem “requires a comprehensive approach,” calling for the lifting of sanctions on Russian exports and financial transactions.

Russian Central Bank Cuts Interest Rates From 14% To 11%, Citing Lower Inflation

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A Russian national flag above the headquarters of Bank Rossii, Russia's central bank, in Moscow, Russia.

Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues — takes some of the heat out of inflation.

The Russian Central Bank cut interest rates from 14% to 11%, after inflation slowed to 17.5% in May compared to 17.8% in April, said the bank, which is now forecasting that annual inflation will decrease to 5–7% in 2023 and return to 4% in 2024.

The bank raised interest rates to 20% as the Russian economy was hit by Western sanctions, but the latest move means they are now almost the same as before the invasion of Ukraine, when they stood at 9.5%.

“External conditions for the Russian economy are still challenging, considerably constraining economic activity,” said the bank. “Financial stability risks decreased somewhat, enabling a relaxation of some capital control measures.”

Reacting to the decision, William Jackson, chief emerging markets economist at Capital Economics, said that additional rate cuts and easing of capital controls seem likely.

“The key point is that high oil and gas revenues are providing policymakers with a lifeline, allowing them to row back emergency economic measures,” said Jackson.

On Monday, Russian President Vladimir Putin said the economy was “withstanding the impact of sanctions” despite a gloomy outlook.

“Despite all the difficulties, the Russian economy is withstanding the impact of the sanctions, and withstanding it quite well,” Putin said in a meeting with Belarusian President Alexander Lukashenko in the Black Sea resort city of Sochi.

“Yes, it’s not easy. Everything that happens requires special attention from the economic bloc of the government. On the whole, these efforts are having a positive effect,” said Putin.

Some background: In late April, Russia’s Central Bank said the Russian economy was expected to shrink by 8-10% in 2022, noting a decline in economic activity in March after the imposition of international sanctions on Russia.

Earlier the same month, the World Bank predicted that Russian GDP would shrink by 11.2% in 2022.

Western sanctions imposed following Russia’s invasion of Ukraine are making life difficult for the Kremlin, but they are also affecting the global economy.

“Russia’s invasion of Ukraine has compounded the Covid-19 pandemic – a crisis upon a crisis – devastating lives, dragging down growth and pushing up inflation,” according to a blog from the International Monetary Fund published Monday.

“The World Is At A Turning Point”: German Chancellor Addresses Impact Of War In Ukraine

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German Chancellor Olaf Scholz
German Chancellor Olaf Scholz

German Chancellor Olaf Scholz has warned that Europe and the international community are at a critical point, and said the world has changed since the Ukraine war began.

The world is at a turning point,” said Scholz during a special address at the World Economic Forum in Davos, adding that not only is Ukraine at risk but also the “system of international cooperation that was forged after two world wars.”

The war was a “thunderbolt,” but the prospect of Russia “capturing Ukraine seems less likely than it did at the beginning” of the invasion, said Scholz, citing the fierce resistance by Ukrainian troops and help from the international community.

Moscow has failed in its military objectives so far, but succeeded in uniting the international community and fast forwarding Ukraine’s plan to join the European Union, he added.

“We cannot let Putin win this war, and I firmly believe he will not win it,” said Scholz.

Delegates Selling Their Conscience – APC Chair, Adamu

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APC Disowns Bamidele, Ndume, Other Principal Officers
Abdullahi Adamu

Delegates Selling Their Conscience - APC Chair, Adamu

The National Chairman of the ruling All Progressives Congress (APC), Senator Abdullahi Adamu, has accused some delegates of selling their conscience.

The ruling party chairman, who said this in an interview with VOA Hausa Service, said says there is no evidence to substantiate allegations that the party’s presidential aspirants have been sharing money to delegates ahead of the primaries.

Top contenders like Vice President Yemi Osinbajo; Senate President Ahmad Lawan; former Lagos Governor, Bola Tinubu; and former Minister of Transportation, Rotimi Amaechi, are among those who have separately toured states in the country to consult with party leaders and delegates ahead of the party’s presidential primaries.

Following their tour, many of aspirants have been accused of bribe-for-votes between them and the delegates.

However, Adamu said there is no law in the country stopping presidential aspirants from taking their electioneering campaign to delegates across the country.

“For now, there is no law against aspirants taking campaign to delegates. I don’t have evidence that aspirants are sharing money to delegates. For me, it’s the delegates that are selling their conscience which is not proper.

“Our delegates should know that anybody sharing money to them can’t be the right candidate of the party. He doesn’t mean well for the country. I don’t have solution for the problem.”

Only God Will Decide APC Presidential Candidate, Says Adamu

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APC Achieved More In Seven Years Than PDP – National Chairman

The National Chairman of the All Progressives Congress, APC, Abdullahi Adamu has said only God would determine the party’s presidential candidate for the 2023 elections.

Adamu said party members have the right to aspire for APC ticket, but only God would decide the winner.

The former Nasarawa State Governor spoke during an interview with Voice of America, Hausa Service.

He also noted that the APC national leadership will follow laid down guidelines in deciding the party’s presidential candidate from the 28 presidential aspirants.

Adamu said: “You can’t stop our party stalwarts from contesting elections or aspiring for the presidency. It is their right and we are happy for them. There is nothing wrong for anybody aspiring for the exalted seat of the presidency.

“It is God that decides who gets what. Once God makes up his mind and says this is who He wants, that is what we are praying for. We have 28 aspirants for the presidential ticket and everybody knows that all of them cannot get the ticket.

“If it’s God’s wish, they all can even be president of the country one after the other. Ours is to ensure justice in the choice of who emerges as the candidate of the party. That does not mean we are perfect. But we pray we do the right thing.”

APC has the likes of Bola Tinubu, National Leader of the party; Rotimi Amaechi, former Transportation Minister; Nwajiuba, former Minister of State for Education, Dave Umahi, Governor of Ebonyi State among others, as presidential aspirants.

UCL Final: I’ll Decide My Future After Real Madrid Game –Mane

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Liverpool forward, Sadio Mane has said he will reveal the decision on his future, after they play Real Madrid in the Champions League final.

Mane has one year left on his current contract with the Premier League.

The Senegal international, who has scored 120 goals in 268 games for Liverpool, told Sky Sports News: “This question [about my future] I will answer after Champions League.

“If I’m staying or not, I’m going to answer after the Champions League.”

Mane has been linked recently with a move to Bayern Munich.

The Bundesliga champions would be in the market for an attacker if Robert Lewandowski leaves this summer.

Style of play

Mané was described as a complete player who plays with ‘high levels of intensity and concentration’ by Liverpool teammate Fabinho. Former Liverpool defender Jamie Carragher called Mané a “world-class winger”, comparing him to the likes of former Liverpool player John Barnes. He was compared to Cristiano Ronaldo by former Ajax defender Danny Blind, who praised him for his ability to score with either foot and headers, along with making “astonishing” sprints.

A versatile forward, Mané is a prolific goalscorer, whose main traits are his finishing, speed, technique, and trickery in possession, as well as his decision-making, tactical awareness, creativity, agility, balance, control, touch on the ball, and dribbling skills. He has drawn praise in the media for his intelligent play, passing, and his ability to get into good positions, from which he can score goals or create chances for teammates. Known for his quiet and timid personality, his ability to cope with pressure has also been highlighted as one of his main strengths. Beyond his offensive, technical, and creative qualities, his high defensive work-rate has also been noted by pundits, as well as his ability in the air, despite his modest stature of 1.75m (5′ 9″). Mané usually plays as a winger on the left flank, a position which allows him to cut into the centre and shoot on goal with his stronger, right foot.

FC Porto Sign Nigerian Young Star Forward On Loan

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Newly crowned Portuguese league champions FC Porto have confirmed the one-year loan signing of young Nigerian forward Abraham Marcus with option to buy, reports says.

Marcus, who is originally a player of Portuguese side Portimonense, joins Porto from Radomiak Radom of Poland whom he also signed a loan deal with and made eight appearances.

The 22-year-old will join up with Porto’s B side ahead of the new season.

And speaking on his move to Porto, Marcus told the club’s website fcporto.pt that he is
very happy to arrive at a good place that will allow him to demonstrate all his quality and hope to do his best.

“I am very excited to be part of this club. FC Porto is a good place to be and I hope to do my best here.

“I played against FC Porto B in the Segunda Liga, so I am very happy to be able to represent the club. I hope to have a good season.”

Marcus added: ”I am a quality player, I intend to show it on the pitch and show why FC Porto bet on me.

“I will try to score more goals this season and I will always give my best for the team.”

And on what he expects from the club fans: ” I am here to join you and I count on your support this year.”

On 14 May 2021 former Super Eagles head coach Gernot Rohr included Marcus in his 31-man list for a double header friendly with Cameroon.

He eventually made his senior international debut on 4 June 2021 which the Eagles lost 1-0 to Cameroon.

Top 10 Transfer Spenders: Man City Lead Man United, PSG, Barca, Others

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Manchester City is following the cue of other teams that achieved success after heavy spending in the transfer market. According to analysis, its net expenditure of $1.53B in 2018 more than doubles Chelsea’s $658.9M outlay.

“Spending big on a team’s development has its advantages,” says Edith Reads. She adds, “Splashing on the best players and staff cuts the time one would take to achieve success. Take the case of Man City, for instance. There’s no denying the team’s quality, but it’s obvious that their deep pockets have been pivotal to their recent successes.”

Edith concludes, “Since the Abu Dhabi Group takeover, they’ve grown from a mid-table outfit to a perennial contender for top honors across Europe.”

Who’s splashing the cash?

The top ten highest spenders reveal who is who in global football. City’s next-door neighbors Manchester United are the second-highest net spenders in that period. It has spent $1.1B to date on strengthening its technical and playing units.

Paris Saint Germain completes the top three with an outlay of slightly over $1B. Since their 2011 takeover by Qatari Sports Investments, they’ve cemented their stature as Ligue 1’s top team.

City’s other local rivals, Chelsea and Arsenal, take the sixth and seventh positions on the log. As stated earlier, Chelsea spent $658.9M in that period. Arsenal, meanwhile, has forked out $641.5M to date. Real Madrid, Europe’s best-decorated team, wraps up the top ten, spending nearly $491.

Does big money spending portend football’s death?

Not everyone is sold on big money coming into football. Purists contend that it makes a mockery of the tenets of fair competition. Some have gone further to describe it as the newest form of dopping.

That contention compelled UEFA to adopt financial fair play (FFP) rules. These regulations aim at instilling financial discipline in clubs. They compel them to commit to keeping their expenditure within their earnings. Though a decade old, critics feel FFP has done little to even the playing field.

Soldier, Driver Feared Dead As Kidnappers Abduct Foreigner In Ondo

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Gunmen Kill Miyetti Allah Chairman, 4 Others In Abuja
File Photo

Suspected kidnappers have killed a Soldier, driver and abducted a foreign contractor in the ancient town of Owo, in Ondo State.

Reports had it that the bandits stormed a construction site located at Ogbonmo Ijebu-Owo, Owo council area, at about 5pm.

ABN TV learnt that they trailed the Lebanese contractor to the construction site and shot dead the Soldier and the driver before whisking away their victim to  an unknown destination.

One of the workers at the site told newsmen that ”The man we call white engineer has been kidnapped.

“His driver and his security, a soldier were killed.  “The gunmen arriving at the site on Wednesday at about 5pm fired many shots into the air.

”We all fled the site on hearing the gunshots. Those that came were masked and were six or seven.

”It was when some of us later came back to the site after over two hours that we saw the dead bodies of the soldier and the driver.

“The White engineer was nowhere to be found.” It was later that the police were invited and they took the corpses to the hospital in the town.

Contacted, the police image maker, Funmi Odunlami confirmed the deaths and the abduction of the foreigner.

Odunlami said that efforts were on to rescue the Lebanese unhurt.

Vanguard gathered that personnel of the state security outfit codenamed Amotekun, the vigilante groups in the town have started combing the forest to secure the release of the Victim. End

N21m Discovered In Teenager’s Bank Account In Kwara, Jailed Over Fraud

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The Federal High Court sitting in Ilorin, Kwara State, has convicted and sentenced a 19-year-old undergraduate, Oyedotun Adebowale, to two years’ imprisonment for cyber fraud.

The Ilorin Zonal Command of the Economic and Financial Crimes Commission, which prosecuted Adebowale for Internet fraud, told the court that N21m was found in the bank account of the Kwara State Polytechnic undergraduate.

According to the EFCC, Adebowale was prosecuted on one count before Justice Muhammed Sani of the Federal High Court sitting in Ilorin.

The judge found him guilty of the charge and sentenced him to two years’ imprisonment with a fine option of N300,000.

“Investigations had earlier revealed that Oyedotun had under his possession over N21m suspected to be proceeds of unlawful activities and a Toyota Camry, which he purchased using his mother’s name,” the EFCC said.

Upon arraignment, he pleaded guilty to the charge.

Counsel for the EFCC, Sesan Ola, reviewed the facts of the case and tendered the extra-judicial statements of the defendant, iPhone 12 Promax, the key and particulars of a Toyota Camry recovered from him, and a draft of N350,000 which were admitted in evidence.

The counsel urged the court to take judicial notice of the unchallenged evidence placed before it as well as the provisions of the law to convict the defendant as charged.

Justice Sani held that the prosecution had established its case against the defendant.

In sentencing the convict, the judge ordered that all items recovered from him be forfeited to the Federal Government.

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