25, October 2021
Sako IG: ABC TV crisis, betrayal and the battle for control 0
The turmoil engulfing the so-called Sako-IG has turned to near chaos as its spokesman Chris Anu is now fighting for his survival and relevance after being sidelined in a move teleguided by Irene Ngwa. Many within the Maryland based Southern Cameroons group are considering a mass exodus back to the main Southern Cameroons Interim Government headed by Vice President Dabney Yerima.
Key players in the power struggle at the ABC TV and the disgraced Dr Ikome Sako gang exchanged increasingly harsh words in dueling statements recently, culminating in a bizarre stalemate between Mr Chris Anu and Dr Sako.
The weeks-long Maryland IG battle has split Dr Ikome Sako from his acolyte, Chris Anu. And Mrs Irene Ngwa is now being referred to as a prostitute by senior members of her own group. In the words of Mr. Chris Anu, Irene Ngwa’s legs are constantly open and all over the place and she is not prepared to give ABC TV a good bill of health.
Ikome Sako is yet to comment on the matter even though he remains the chair of the Maryland cabal that has contributed immensely to weaken the Southern Cameroons resistance.
It is all about money and keeping the ABC TV alive as an anti President Sisiku Ayuk Tabe tool where the likes of Fru John Nsoh go on air to make a mockery of the jailed Southern Cameroons leaders. Behind Sako’s blue-chip image, there’s a pattern of breakups. But Chris Anu may not survive anymore within that camp.
Sako and his men learned of Mr. Chris Anu’s intentions through an audio message and the disgraced Southern Cameroons frontline leader was quoted as saying that Chris Anu is no longer committed to the Sako IG, its donors, and its stakeholders, he should resign.
Hours after ABC TV went off air for unpaid satellite bills; Mr. Chris Anu blamed it all on Irene Ngwa and Sako. However the two Southern Cameroonians reportedly in a luvie duvie relation have maintained a kind of silence of the lamb.
The conflict at the ABC erupted after the executive wing of the Sako IG blocked a drafting process that was supposed to raise money. It is hard to explain if Sako or Irene Ngwa were aware of the drafting plan as stated by Mr. Chris Anu in his audio message.
From every indication, Southern Cameroonians in the US and Canada are no longer interested in financing the Chris Anu propaganda which has been counterproductive to the Ambazonian struggle. Chris Anu’s latest audio message and his actions demonstrate a disregard for good governance within the Maryland Ambazonian group and create a grave amount of risk for the Sako IG at an especially sensitive time.
By Soter Tarh Agbaw-Ebai























25, October 2021
Nigeria, Africa’s largest economy, launches digital currency eNaira 0
Nigerian President Muhammadu Buhari launched the country’s new digital eNaira currency on Monday as Africa’s largest economy looked to tap into the growing popularity of virtual money and cryptocurrencies.
With the eNaira, Nigeria becomes the first in sub-Saharan Africa to fully launch a digital currency and joins China and a few other countries using or piloting central bank-regulated electronic tender.
“We have become the first country in Africa and one of the first in the world to introduce a digital currency to our citizens,” Buhari said at the official launch.
Nigeria has seen booming interest in cryptocurrencies as people look for ways to avoid the weakening naira currency and combat high costs of living and unemployment in Africa’s most populous country.
Central bank-backed digital currencies or CBDCs and cryptocurrencies are both virtual money though the CBDCs are legal tender regulated by central banks while cryptos are out of government control.
Five countries have already launched CBDCs, with another 14 including Sweden and South Korea in the pilot stage, according to the Atlantic Council’s CBDC tracking project.
In West Africa, Ghana is also looking to launch its own CBDC soon.
Nigeria’s central bank earlier this year sought to control the use of cryptocurrencies by ordering banks to close accounts that were involved in such transactions.
‘Increasing the tax base’
But in spite of the central bank ban, many Nigerians still skirt traditional sectors to use cryptocurrency for overseas transactions.
Experts say digital currencies can potentially reduce transaction costs and ease cross border transfers while also expanding financial inclusion as people with no banking access can use their mobile phones.
“The use of CBDCs can help move many more people and businesses from the informal into the formal sector, thereby increasing the tax base of the country,” Buhari said.
The new eNaira will be issued as legal tender like the current naira currency and will operate on the Hyperledger Fabric Blockchain. It will also follow the official exchange rate.
Customers will be able to download the eNaira app and fund their mobile wallets using their bank accounts, according to the central bank.
Nigeria’s central bank says it will adapt the system after the launch to encourage use by people with no banking access, especially in rural areas.
The eNaira launch comes as Nigeria, Africa’s largest oil producer, is tackling the economic fallout of the coronavirus pandemic and the sharp drop in global crude prices.
Slipping into its second recession in five years after the start of the pandemic, Nigeria’s economy has bounced back to growth. But inflation, especially cost of food, remains stubbornly high and the naira weak against the dollar.
Source: AFP