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Nigerian Govt. Rejects EU EOM’s Report on the 2023 General Election, Says it Was Credible

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The federal government of Nigeria led by President Bola Tinubu, has rejected the final report of the European Union Election Observation Mission (EU EOM) on the recently concluded general elections that saw Tinubu emerge as president.

The EU EOM had last week, released a damning 94-page report on the conduct of the election, calling for reforms to enhance transparency and accountability.

The mission said the elections were marred by problems that reduced public trust in the electoral processes.

“Shortcomings in law and electoral administration hindered the conduct of well-run and inclusive elections and damaged trust in INEC,” the EU EOM said.

“A lack of transparency and operational failures reduced trust in the process and challenged the right to vote.”

The mission made the following key recommendations: Removing ambiguities in the law: Protect the interests of voters through certainty of law for all stages and aspects of electoral processes by eliminating from electoral law and regulations errors and ambiguities to avoid potential for conflicting interpretations, and ensuring the revision processes are inclusive.

Establishing a publicly accountable selection process for INEC members: Establish a robust operational framework for the independence, integrity, and efficiency of electoral administration through an inclusive and publicly accountable mechanism for selecting candidates to the posts of INEC commissioners and RECs based on clear criteria of evaluation of merits, qualifications, and verified non-partisanship.

Ensuring real-time publication of and access to election results: Protect the free expression of the will of the voter and integrity of elections by establishing a robust, transparent, and easily verifiable results processing system with clear rules. These include uploading polling unit results from the polling unit only and in real-time, at each level of collation results forms to be uploaded in real-time, and all forms to be published in an easily trackable and scrapable database format.

The mission, which had earlier, during its preliminary report, said that “INEC lacked efficient planning and transparency during critical stages of the electoral process,” also noted that the election “exposed enduring systemic weaknesses.”

However, in a statement dated July 2, 2023, signed by Dele Alake, Special Adviser to the President on Special Duties, Communications, and Strategy, the federal government said the EU EOM report has “unfounded bias.”

The statement further described the report as an “assault on the credibility of the electoral process, the sovereignty of our country, and on our ability as a people to organize ourselves.”

It said the election which saw the INEC declared Tinubu winner, was credible, peaceful, free, fair, and the best organized general elections in Nigeria since 1999.

Read the full statement:

STATE HOUSE PRESS RELEASE
WE REJECT EUROPEAN UNION’S CONCLUSIONS ON 2023 GENERAL ELECTIONS

Sometimes in May, we alerted the nation, through a press statement, to the plan by a continental multi-lateral institution to discredit the 2023 general elections conducted by the Independent National Electoral Commission. The main target was the presidential election, clearly and fairly won by the then-candidate of All Progressives Congress, Bola Ahmed Tinubu.

While we did not mention the name of the organization in the said statement, we made it abundantly clear to Nigerians how this foreign institution had been unrelenting in its assault on the credibility of the electoral process, the sovereignty of our country, and our ability as a people to organize ourselves. We find it preposterous and unconscionable that in this day and age, any foreign organization of whatever hue can continue to insist on its own yardstick and assessment as the only way to determine the credibility and transparency of our elections.

Now that the organization has submitted what it claimed to be its final report on the elections, we can now categorically let Nigerians and the entire world know that we were not unaware of the machinations of the European Union to sustain its, largely, unfounded bias and claims on the election outcomes.

For emphasis, we want to reiterate that the 2023 general elections, most especially the presidential election, won by President Bola Tinubu/All Progressives Congress, were credible, peaceful, free, fair and the best organized general elections in Nigeria since 1999.

There is no substantial evidence provided by the European Union or any foreign and local organization that is viable enough to impeach the integrity of the 2023 election outcomes.

It is worth restating that the limitation of EU final assessment and conclusions on our elections was made very bare in the text of the press conference addressed by the Head of its Electoral Observation Mission, Barry Andrews. While addressing journalists in Abuja on the so-called final report, Andrews noted that EU-EOM monitored the pre-election and post-election processes in Nigeria from January 11 to April 11, 2023, as an INEC-accredited election monitoring group. Within this period, EU-EOM observed the elections through 11 Abuja-based analysts, and 40 election observers spread across 36 states and the Federal Capital Territory. With the level of personnel deployed, which was barely an average of one person per state, we wonder how EU-EOM independently monitored elections in over 176,000 polling units across Nigeria.

We would like to know and even ask the EU, how it reached the conclusions in the submitted final report with the very limited coverage of the elections by their observers who, without doubt, relied more on rumors, hearsay, cocktails of prejudiced and uninformed social media commentaries and opposition talking heads.

We are convinced that what EU-EOM called the final report on our recent elections is a product of a poorly done desk job that relied heavily on a few instances of skirmishes in less than 1000 polling units out of over 176,000 where Nigerians voted on election day.

We have many reasons to believe the jaundiced report, based on the views of fewer than 50 observers, was to merely sustain the same premature denunciatory stance contained in the EU’s preliminary report released in March.

We strongly reject, in its entirety, any notion and idea from any organization, group, and individual remotely suggesting that the 2023 election was fraudulent.

Our earlier position that the technology-aided 2023 general elections were the most transparent and best-organized elections since the return of civil rule in Nigeria has been validated by all non-partisan foreign and local observers such are the African Union, ECOWAS, Commonwealth Observer Mission, and the Nigerian Bar Association.

Unlike EU-EOM which deployed fewer than 50 observers, the Nigerian Bar Association which sent out over 1000 observers spread across the entire country for the same election gave a more holistic and accurate assessment of the elections in their own report.

NBA, an organization of eminent lawyers and an important voice within the civic space, reported that 91.8 percent of Nigerians rated the conduct of the national and state elections as credible and satisfactory. Any election that over 90% of the citizens considered transparent should be celebrated anywhere in the world.

It is heart-warming that INEC, through its National Commissioner for Information and Voter Education, Mr. Festus Okoye, has come out to defend the integrity of the election it conducted by rejecting the false narratives in the EU report.

It is also gratifying that the electoral umpire, as an institution that is open to learning and continuous improvements, has also committed to taking on board more ideas, innovation and reforms that will further enhance the integrity and credibility of our electoral process.

As a country, we have put the elections behind us. President Tinubu is facing the arduous task of nation-building, while those who have reasons to challenge the process continue to do so through the courts. In just one month in office, Nigerians appear satisfied with the decisive leadership of President Tinubu and the manner he is redirecting the country to the path of fiscal sustainability and socio-economic reforms. We urge the EU and other foreign interests to be objective in all their assessments of the internal affairs of our country and allow Nigeria to breathe.

Dele Alake

Special Adviser to the President

(Special Duties, Communications and Strategy)

July 2, 2023

Excitement on Crypto Twitter as Anonymous Source Says SEC’s Gensler Will Resign as Chair

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WASHINGTON, DC - OCTOBER 03: Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting with the Treasury Department's Financial Stability Oversight Council at the U.S. Treasury Department on October 03, 2022 in Washington, DC. The council held the meeting to discuss a range of topics including climate-related financial risk and the recent Treasury report on the adoption of cloud services in the financial sector. (Photo by Anna Moneymaker/Getty Images)

Anonymous sources within the Securities and Exchange Commission (SEC) have confirmed that Gary Gensler, the chairman of the agency, will resign from his position owing to oversight handling of operations within the agency. The reasons for a possible departure are unclear, but some speculate that it may be related to the ongoing legal battles between the SEC and several cryptocurrency companies, including Ripple Labs, Binance and Coinbase Inc.

Gensler, who was appointed by President Biden in January 2021, has been a controversial figure in the crypto space, as he has advocated for more regulation and oversight of the emerging industry. He has also faced criticism from some lawmakers and investors for his perceived lack of clarity and consistency in applying the existing securities laws to digital assets.

The SEC has not issued an official statement on Gensler’s resignation circulating online, nor has it announced who will take over as the acting chairman. However, some sources suggest that Hester Peirce, one of the SEC commissioners who is known for her pro-crypto stance, may be a potential candidate.

The news of Gensler’s possible resignation has sent shockwaves across the crypto market, as many investors are uncertain about the future direction and policies of the SEC. Some analysts believe that this may be an opportunity for a more constructive and collaborative dialogue between the regulators and the industry, while others fear that it may lead to more uncertainty and volatility.

However, the recent anonymous revelation has thrown a shadow of doubt over Gensler’s leadership. The news of an internal investigation raises questions about potential improprieties and whether his actions were in line with the standards expected from the head of a regulatory body.

One anonymous industry insider commented, “The resignation of Gary Gensler in the wake of an internal investigation is deeply concerning. It calls into question the integrity and effectiveness of the SEC under his leadership. The financial industry relies on the SEC to ensure fair and transparent markets, and any allegations of misconduct at the top level erode investor trust.”

Another anonymous source familiar with the matter emphasized the importance of accountability in regulatory agencies. They said, “The SEC has a crucial role in maintaining the integrity of the financial markets. When the head of such an institution faces allegations serious enough to prompt resignation, it raises significant concerns about the regulatory framework and the enforcement of rules. The SEC must address these issues swiftly and transparently to restore confidence.”

The exact nature of the alleged misconduct or the details of the internal investigation remain undisclosed, leaving room for speculation and uncertainty. Until an official statement is released by the SEC or Gary Gensler himself, the public and the financial industry can only speculate on the reasons behind his resignation.

As news of Gensler’s departure spreads, the SEC now faces the daunting task of restoring faith in its operations and finding a suitable replacement to lead the regulatory body. The next Chairman will inherit a challenging environment, requiring a delicate balance between regulatory enforcement, investor protection, and fostering innovation.

The reported resignation of Gary Gensler as Chairman of the SEC following an internal investigation has sent shockwaves through the financial industry. The lack of transparency surrounding the allegations and the reason behind his departure might raise concerns about the agency’s integrity and ability to enforce regulations effectively. The SEC must address these concerns promptly and with transparency to restore trust among investors and ensure the continued stability of the financial markets.

Disclaimer: This article is based on anonymous reports and should be treated as speculation until official confirmation is provided by the SEC or Gary Gensler himself. The details of the alleged misconduct and the internal investigation remain undisclosed, and the motivations behind Gensler’s resignation are yet to be confirmed.

Hackers Exploit PolyNetwork, Stealing Tokens Worth 403 ETH

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In a shocking turn of events, hackers have managed to breach the security of PolyNetwork, a cross-chain protocol that enables interoperability between multiple blockchains. The hackers exploited a vulnerability in the contract logic of PolyNetwork, allowing them to transfer tokens from the protocol’s pools to their own addresses. According to PolyNetwork’s official Twitter account, the hackers stole tokens worth about 403 ETH, or roughly $1.2 million at the time of writing.

The protocol uses smart contracts to facilitate the cross-chain transactions and relies on a network of validators to ensure the security and validity of the transfers. However, it seems that the hackers found a way to bypass the validators and execute unauthorized transfers from the protocol’s pools.

The hackers targeted three pools: Ethereum, Binance Smart Chain, and Polygon. They transferred tokens such as ETH, USDC, DAI, SHIB, WBTC, and more to their own addresses. The largest amount was stolen from the Ethereum pool, where the hackers drained 403 ETH. The hackers also tried to transfer tokens from the Polygon pool to the Binance Smart Chain pool but failed due to an error in the contract code.

PolyNetwork has issued an emergency announcement on Twitter, urging all users and exchanges to blacklist the addresses used by the hackers, and requesting the hackers to return the stolen funds. The protocol has also stated that it is working on a solution to recover the assets and resume normal operations as soon as possible. PolyNetwork has apologized for the incident and promised to take full responsibility for the losses.

The hack of PolyNetwork is another reminder of the risks and challenges involved in the decentralized finance (DeFi) space, where users entrust their funds to complex and experimental protocols that may contain bugs or vulnerabilities. While cross-chain interoperability is a desirable feature for DeFi users, it also introduces new attack vectors and dependencies that may compromise the security.

According to a post-mortem report published by the Ploynetwork team, the hackers exploited a flaw in the smart contract that handles the minting and burning of PLY tokens, the native currency of the platform. The hackers were able to mint an arbitrary amount of PLY tokens and use them to drain the liquidity pools of other tokens, such as ETH, USDC, and DAI.

The Ploynetwork team said that they discovered the attack on July 1st at 11:15 PM UTC, and immediately paused the smart contract and contacted their security partner, CertiK, to investigate the incident. They also said that they are working with law enforcement agencies and other partners to track down the hackers and recover the stolen funds.

The Ploynetwork team apologized to their users and community for the breach and assured them that they are taking all necessary steps to prevent such incidents from happening again. They also said that they will compensate the affected users for their losses and will share more details on the compensation plan soon.

However, on August 10, 2021, PolyNetwork suffered a massive security breach that resulted in the loss of over $600 million worth of tokens, including 403 ETH (worth about $1.2 million at the time). This was one of the largest hacks in the history of decentralized finance (DeFi).

According to PolyNetwork’s official announcement, previously the hackers exploited a vulnerability in the contract function that handles cross-chain requests. This function is supposed to verify the signatures of different chain managers before executing the requests. However, the hackers found a way to bypass this verification and forge fake signatures that allowed them to access the funds stored in PolyNetwork’s contracts.

The hackers used this exploit to send cross-chain requests from Ethereum, Binance Smart Chain and Polygon to PolyNetwork’s contracts on each chain. They then transferred the funds from these contracts to their own addresses on each chain. The total amount stolen was:

2,858 ETH ($8.6 million) from Ethereum.

6,610 BNB ($2.5 million) and 21,952 BSC-based tokens ($252 million) from Binance Smart Chain.

1,032 WBTC ($40 million), 96,023 USDC ($96 million), 2,673,185 USDT ($2.7 million) and other tokens ($85 million) from Polygon.

The hackers also left a message on Ethereum’s blockchain, saying “The hacker is ready to surrender” and asking for a multi-sig wallet address to return the funds.

The hack caused a huge shockwave in the DeFi community and triggered a swift response from various parties. PolyNetwork immediately issued an open letter to the hackers, urging them to return the stolen funds and offering them a $500,000 bounty as a reward. PolyNetwork also asked miners, exchanges and wallet providers to blacklist the hackers’ addresses and freeze their assets.

Meanwhile, some of the projects whose tokens were stolen also took action to mitigate the damage. For example, Tether (USDT) froze $33 million worth of USDT that were sent to the hackers’ address on Polygon. O3 Swap (O3), a cross-chain aggregator that lost $5 million worth of O3 tokens in the hack, announced that it would issue new O3 tokens to replace the stolen ones and burn the old ones.

Surprisingly, the hackers started to return some of the stolen funds on August 11, 2021. They sent back $258 million worth of tokens to PolyNetwork’s addresses on Ethereum, Binance Smart Chain and Polygon. They also communicated with PolyNetwork via embedded messages on Ethereum’s blockchain, claiming that they hacked PolyNetwork “for fun” and wanted to expose its security flaws. They also said that they did not intend to cause any harm and that they were “not very interested in money”.

As of August 13, 2021, the hackers have returned almost all of the stolen funds, except for $33 million worth of USDT that are frozen by Tether. PolyNetwork has set up a multi-sig wallet with the participation of several reputable individuals from the DeFi community, such as Vitalik Buterin (the founder of Ethereum), Da Hongfei (the founder of Neo) and Changpeng Zhao (the CEO of Binance). The hackers have agreed to transfer the remaining funds to this wallet and cooperate with PolyNetwork to complete the recovery process.

The PolyNetwork hack has raised many questions and concerns about the security and trustworthiness of DeFi protocols and cross-chain solutions. It has also highlighted the importance of code audits, bug bounties and white hat hackers in preventing and detecting vulnerabilities.

Moreover, the hack has shown that DeFi is not immune to human factors and social engineering. The hackers’ decision to return the funds was influenced by various pressures and incentives from PolyNetwork, other projects, law enforcement agencies and the public opinion. The hackers’ identity and motivation remain unknown and mysterious.

The PolyNetwork hack is a wake-up call for the DeFi industry and a reminder of the risks and challenges that come with innovation and experimentation. It also demonstrates the resilience and collaboration of the DeFi community in times of crisis and the potential of DeFi to create a more open, transparent and inclusive financial system.

Nobody is born gay; maybe you are just possessed

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First Caveat: This piece might appear to be controversial or dumb but I invite you to read it with an open mind; if you have a superior or counterargument, I welcome you to bring it forward with an open mind as well. 

Second Caveat: I am not homophobic neither is this piece; I have no problem with people being gay, you can choose to have sex with whatever tickles your fancy; be it with a tree, dog, water, fire or same-sex human, it is your body, (mind you, you may just be possessed by a demon and never born that way). What I have a problem with is you as a gay foisting yourself and your sexual orientation on other persons who ain’t gay and expecting everyone to relate with you, accept you and accommodate you even when you are acting nasty around the people; then playing the victim card by railroading anyone who dares resist you by accusing that person of being homophobic.

Just like the way you have the right to validly exercise your legal rights to being gay, someone else who is not gay and whose belief is against homosexuality also has the right to resist you or refuse to be associated with you. Both rights can exist, and stand side by side concurrently and they are both valid.

You cannot force a business owner whose belief system is against homosexuality to attend to you or service you; this was the crux of the recent Supreme Court judgment in the case 303 Creative LLC v. Elenis. You cannot force a priest whose belief is against homosexualism to officiate your wedding as a gay couple. You so-called gays doing that in the guise of gay activism are not just being gay, you are bullies and nuisance that you deserve no place in the modern society. 

                    ***********
The cliche “gay by birth” is a made up nonsense. People that use that phrase are either ignorant or just living in self-deception. There is no scientific proof wherever that proves that there is anybody that is born gay or born homosexual. In fact, a series of reputable scientific and medical publications/ journals have clearly stated that there is no genetic link or biological link to prove that any human is born to have sexual attraction towards the same sex; if you are not born that way then you must have learnt, acquired or adopted it from your immediate environment after birth or you are just possessed by demons. Either or all can be true.

Therefore, what causes homosexualism or gayness is all sociological and never biological; it is what you experienced, developed and fantasised, it was never innate or inbuilt. 

Let’s ask ourselves, are animals gay or can they be gay? I have yet to see research that shows that an animal is displaying a sexual relationship towards the same sex, so animals ain’t gay because they have not been exposed or learnt to be gay unlike humans and humans are just higher animals. If animals can not be gay by birth then humans are not gay by birth. 

Most of the world’s religions; Islam, Christianity, Hinduism, Judaism, and even Traditional religion etc frowns on being gay and sees homosexualism as an abomination. Each of these religions has principles or rules in their holy books that forbid humans from having sexual relationships with same-sex pairs. Enough of the religious principles? Even as a natural principle or natural law, the male sex is to pair with the female pair both for the purpose of pleasure and procreation and that is how nature has ordained it. 

Since people are not born gay, these are some of the known ways a person can turn into homosexual after birth; 

  1. Learnt through the media; either the mainstream media or social media
  2. Learnt from the immediate environment i.e. from a member of the family or friend who is a gay
  3. Sexual abuse of a child by a same-sex adult
  4. 4 The urge to explore different sexual fantasies and yielding to the urge
  5. Possessed by demons etc. 

Parents owe it as a duty to their children and to society to pay attention to their children; it may sound harsh but true that if your child turns gay you have failed as a parent and it is a shame.

VC Spectra Shows Unmatched Precision in Spotting the Most Profitable Projects For Its Token Holders

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As we all know, investing can be quite lucrative, and it has turned many people into millionaires basically overnight. However, in order for it to be lucrative, it has to be done right, and that’s the tricky part. Picking out the right project to invest in is no simple feat, which is why many fail and lose all of their saving when trying it out on their own.

But what if there was a platform on the blockchain that picks out the best projects with unmatched precision and serves them for you on a silver platter, allowing you to invest privately and reap the benefits? Well, there’s a platform just like that called VC Spectra (SPCT).

>>BUY SPECTRA TOKENS NOW<<

For the past few weeks, VC Spectra (SPCT) has shown incredible precision in spotting the best and most profitable projects for SPCT (VC Spectra’s token) holders. And as a result of its unmatched investment-picking strategies, it has already managed to raise $2.3 million via its seed/private sale in a span of only two weeks.

So, how does it do it? Well, VC Spectra (SPCT) is a decentralized hedge fund that has a wide range of portfolios you can invest in and get quarterly dividends in return. It invests mainly in Fintech and blockchain technologies, focusing specifically on start-ups and early-stage ICOs. VC Spectra (SPCT) offers a few different funds, some providing higher risk and returns, while others providing more consistent returns with lower risks.

Its investment-picking process is quite rigorous, as the people behind the platform state that every project goes through a lengthy selection process to identify which project is worthwhile and which isn’t. Once the projects are chosen, the VC Spectra (SPCT) team allocates capital to every company based on its carefully-planned investment strategy and risk management principles.

And after the money is invested, VC Spectra’s (SPCT) management teams work hard to create value and do everything they can to maximize their investors’ returns.

So, as you can see, the whole investment-picking process is quite detailed, every step is done with caution, and every project is hand-picked by professionals. And it doesn’t end there. Some would simply sit back and wait for the returns to come in, but the VC Spectra (SPCT) team works further to boost value, which is probably why it shows unmatched precision in spotting the best projects.

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The VC Spectra token, SPCT, is still in Stage 1 of its public presale, selling at $0.008. The token is expected to bring in great gains as more and more people notice the value that VC Spectra (SPCT) offers and are buying more each day. Analysts say that SPCT will surge 900% before the presale ends, deeming it one of the best tokens to invest in for long-term gains and value.

Find out more about the VC Spectra presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra