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Nearly €20 million in contention as Chad arrests top oil sector, banking officials

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An investigation into embezzlement at the national oil company in Chad has led to the arrest of a group of senior officials from Chad’s oil and banking sectors.

According to the government, the arrest has been on over the past 10 days.

The Minister of Communication and government spokesman, Abderaman Koulamallah on Sunday said the embezzlement of 13 billion CFA francs (nearly 20 million euros) within the Chadian oil company (SHT) and the National Security Agency (ANS), the internal and external intelligence services, is conducting the investigation.

Among those arrested is the former private secretary of General Mahamat Déby, Idriss Youssouf Boy. Michel Boayam and Tahir Issa Ali Souleymane were also questioned in the framework of the investigation.

“Many people have been arrested and some have been released as part of the investigation into financial misappropriations of 13 billion CFA francs at the SHT.

“The case is currently being handled by the judiciary” and some of the defendants will eventually be presented to a judge at the end of the preliminary investigation, the spokesman added, without giving any details of the charges.” Koulamallah told journalists.

Chad is a modest oil producer, with 47 million barrels in 2021, The central African country joined the circle of African oil producing and exporting countries in the early 2000s and its economy is now very dependent on it.

It is not uncommon to identify corrupt trend in oil sector in Africa. Report says the 2005–2014 oil boom raised incentives for corruption across the oil industry’s value chain. A highly diverse set of private sector actors engaged in corrupt behavior.

Chad’s neighbour, Nigeria, who is also Africa’s largest oil producer, is perhaps the biggest reference to corruption in oil sector in the continent. Efforts from the Nigerian government to investigate and curtail the ill can be traced to the 1950s during the Olusegun Obasanjo military regime. A panel of enquiry was set up to investigate a Two Billion, Eight Hundred Thousand Naira fraud which could not be accounted for by the NNPC.

The cases of corruption in the sector once again raises question if the liquid tressure has been a blessing or curse to the “black continent.”

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‘Cyber Act fails to protect the vulnerable,’ Student demands media inclusivity for persons with disabilities

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Peter Libila, a student at Icof University’s Chipata campus, highlights the lack of awareness among individuals with disabilities and those residing in rural areas about their digital rights, resulting in limited access to media platforms for free expression.

Libila underscored the marginalization of people with disabilities in discussions on community development, leading to their exclusion from voicing their perspectives.

In an interview with Zambia Monitor in Eastern Province, Libila discussed the discrimination and stigma faced by individuals with disabilities in the media landscape.

Read More: Differently-abled person speaks on challenges impacting freedom of expression in rural areas

“Persons with disabilities are often overlooked when it comes to community developments,” he emphasized.

Moreover, as someone with a physical disability, Libala pointed out shortcomings in the Cybersecurity Act which failed to adequately address online barriers to freedom of expression.

“The act fails to ensure online safety for all; it only offers protection to certain groups while neglecting others,” he asserted.

He stressed the importance of bridging these gaps to foster inclusivity within the media.

“There’s a lack of sign language interpreters in most media outlets, which poses challenges for the deaf community,” he observed.

Libila also emphasized the necessity of providing braille reading materials and writing tools for individuals who are blind.

“Even basic resources like braille books are often unavailable for the blind,” he lamented.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

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All my tough policy decisions are in Nigerians’ interest— Tinubu

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President Bola Tinubu of Nigeria has insisted that all his tough policy decisions and reforms have been taken with the interest of Nigerians at heart.

Tinubu, who made the assertion in Hague, The Netherlands, during the business session of the bilateral meeting with the Dutch team led by Prime Minister Mark Rutte, insisted that though some of the policies had brought hardship on Nigerian masses, he was not afraid to implement more of such policies as they would yield positive results in the end.

“I am a determined leader of my people. I am ever ready to take tough decisions in the best interest of the people, even if with initial pains,” Tinubu said.

“I have and will continue to take the difficult decisions that will benefit our people, even if there is short-term pain.

“We have gone through the worst of the storms. I am unafraid of the consequences once I know that my actions are in the best long-term interests of all Nigerians.

“The Nigerian naira is one of the world’s best-performing currencies today.

“We took the necessary risk, and all resilient Nigerians kept faith with us.

“They will be rewarded, and the reward will only be greater as we partner effectively with you on new opportunities for development.

“As leaders, we must make decisions for the benefit of our nations, and we cannot shy away from that.”

The President also noted that symbiotic economic ties remain the best long-term path to sustainable and mutual prosperity rather than one-sided relationships in which bilateral trade is skewed too much in one direction.

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