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Kano High Court Annuls the Candidature of Labour Party’s Alex Otti, Abia State Governor-elect

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A Federal High Court sitting in Kano has nullified the candidature of Abia State governor-elect, Dr. Alex Otti, and other candidates who ran for electoral office under the Labour Party in both Abia and Kano states.

Justice M. N. Yunusa, delivering his judgment, held that their emergence was not in compliance with the provisions of the Electoral Act, 2022.

“The party that has not complied with the provisions of the electoral act cannot be said to have candidate in an election and cannot be declared winner of an election; this being so, the votes credited to the 1st defendant is a wasted vote,” he said.

The judgment follows a suit marked FHC/KN/CS/107/2023, which was filed by one Mr Ibrahim Haruna Ibrahim against the Labour Party and the Independent National Electoral Commission (INEC), challenging the process of the primary elections in the states.

According to the suit, the Labour Party failed to submit the names of its members in the 35 states of the federation and the Federal Capital Territory (FCT) in both hard and soft copies to INEC, 30 days before the primaries as stipulated by the Electoral Act.

In the judgment, the court held that the 1st defendant’s failure to submit its register to the electoral body, violates the Electoral Act and thus, renders the purported primary election “null and void and of no effect.”

“The fundamentally flawed primary election of the first defendant, (Labour Party) as a result of failure to comply with the mandatory provisions of sections 77(2) and (3) cannot produce a qualified candidate,” the court rules.

However, some lawyers have faulted the judgment, saying it cannot stand. Festus Ogun, a constitutional, electoral and human rights lawyer, listed several grounds on which the ruling will not hold.

He said 1, “the Suit was instituted over a month after the election has been conducted and winners, including Alex Otti have emerged.

“2. Those whose interests are adversely affected were not joined as party to the suit.

“3. Who is Ibrahim Haruna Ibrahim? Under the Electoral Act, 2022, only an aspirant who actually participated in the primaries can challenge the candidate of any party.

“4. The issue of party membership is an internal affair of political party which the court cannot entertain.

“5. The suit is academic and the judgment cannot serve any purpose since the election had already been conducted,” he said, adding that the judgment CANNOT survive appellate scrutiny. “It will be quashed on appeal.”

Public interest and human rights lawyer, Inibehe Effiong, said the court’s grounds for the nullification, which goes against all established principles of law and fair hearing, cannot legally stand.

“How can a court assume jurisdiction in a matter that is indisputably statute barred?” he asked… “A court in Kano cannot nullify primaries outside Kano.”

“The issue of submission of a party’s membership register to INEC cannot be the basis for disqualification of candidates. It cannot be the basis for nullifying primaries across the country,” he said.

He said as a pre-election matter, the case should have been filed within 14 days of the primaries.

Effiong noted that the case was filed on the 11th day of May, 2023, while Alex Otti emerged as the gubernatorial candidate of LP during primaries held in June 2022.

“Section 285 of the Constitution states that all pre-election matters must be filed within 14 days of the event,” he said, adding that the case is also belated.

The Labour Party has not issued any statement on the judgment, but it is expected to be appealed.

Oracle Lays Off 3,000 Employees at Its Healthcare Firm Cerner

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American multinational computer technology corporation Oracle has laid off 3,000 employees at its healthcare firm Cerner.

Based on accounts of current and former employees, reports revealed that Oracle paused raises and promotions and resorted to mass layoffs at its healthcare firm.

Insider reports reveal that Oracle has not issued raises or granted promotions to about 28,000 employees at Cerner, further announcing that no employee should expect any through 2023.

Layoffs conducted at the healthcare firm reportedly affected workers across teams, including marketing, engineering, accounting, legal, and product.

Cerner is a leading supplier of health information technology services, devices, and hardware. As of February 2018, its products were in use at more than 27,000 facilities around the world.

In December 2021, Oracle announced an agreement to buy Cerner for approximately $28.3 billion.

Oracle said Cerner will be the company’s “anchor asset” to expand into healthcare and it is expected that the acquisition should help Oracle scale up its cloud business in the hospital and health system market.

Oracle’s CEO Safra Catz during the acquistion disclosed that the company expects Cerner to be a huge growth engine for years to come,.

Notably, since Oracle completed its $28.4 billion acquisition of Cerner in June 2022, the tech giant has made multiple changes to Cerner’s leadership and operations. 

In Oracle earnings call on September 12 last year, Larry Ellison, chair and chief technology officer of Oracle, shared that Cerner would begin to use a new set of Oracle development tools. Apex, a “new generation” of application development tools, would allow Cerner to modernize its technology.

In addition, with Oracle’s resources, infrastructure and cloud capabilities, Cerner will be able to accelerate the pace of product and technology development to enable more connected, high-quality and efficient care.

Oracle made changes to some PTO benefits for certain Cerner employees who are classified as hourly. Before Oracle acquired Cerner, employees had access to flexible PTO, accruing up to 25 days for those who had worked at the company for more than 10 years, but that was changed for hourly employees. 

According to Oracle’s benefits page, hourly employees with tenure of three years or less will receive 13 PTO days a year, and those with more than three years of tenure will receive 18.

Some Cerner employees expressed their dissatisfaction with the change on Reddit, stating that the move was a way to force people out of the door voluntarily.

Several other industries covered by Oracle include, financial services, telecommunications, utilities, pharmaceuticals, hospitality, retail, food & beverage, construction & engineering, manufacturing and government.

Latest Survey suggest 70% of Shiba Inu (SHIB) Holders that Saw HedgeUp (HDUP) either Switched Or Purchased Both

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In the fast-paced world of cryptocurrencies, investor sentiment is continuously evolving. A recent survey revealed a surprising trend: 70% of Shiba Inu (SHIB) holders who discovered HedgeUp (HDUP) either switched entirely to HedgeUp (HDUP) or added it to their portfolios alongside Shiba Inu (SHIB).

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Shiba Inu (SHIB) Holders Diversify

Shiba Inu (SHIB), dubbed the “Dogecoin killer,” has witnessed significant growth and widespread adoption over the past year. However, it appears that Shiba Inu (SHIB) holders are not content with merely sticking to one investment. The recent survey shows that a large portion of them are diversifying their portfolios, specifically with HedgeUp (HDUP).

The diversification may be attributed to HedgeUp’s (HDUP) unique value proposition. As an innovative Defi trading platform for alternative assets, HedgeUp (HDUP) offers a novel investment opportunity that has intrigued Shiba Inu (SHIB) holders. HedgeUp’s (HDUP) alternative approach to Defi, combined with a robust growth trajectory, seems to be what’s luring Shiba Inu (SHIB) investors.

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 The Allure of HedgeUp (HDUP)

HedgeUp (HDUP) represents a compelling prospect for crypto investors. With its innovative approach to decentralized finance and its asset-backed trading platform, it has captured the attention of many, including those initially drawn to meme coins like Shiba Inu (SHIB).

HedgeUp (HDUP) offers more than just a token; it provides a platform that empowers users to take control of their assets and diversify their portfolio with a range of alternative investments. This unique proposition, combined with impressive presale growth, has made it an appealing choice for Shiba Inu (SHIB) investors.

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 The Dual-Hold Phenomenon 

Interestingly, the survey also suggests that a substantial proportion of Shiba Inu (SHIB) holders chose to keep their Shiba Inu (SHIB) holdings and add HedgeUp (HDUP) to their portfolios. This “dual-hold” trend indicates that many investors see value in both assets.

While Shiba Inu (SHIB) is a meme coin with a strong community backing it, HedgeUp (HDUP) is a platform-based token with robust growth potential. Together, they offer a balanced portfolio with room for significant gains and a sense of community participation.

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 Conclusion

The survey’s findings underscore an essential aspect of cryptocurrency investing: diversification. The fact that a considerable percentage of Shiba Inu (SHIB) holders have chosen to add HedgeUp (HDUP) to their portfolios or switch entirely shows a nuanced understanding of the crypto market’s risks and rewards.

It also demonstrates the continuous evolution of the crypto space. While meme coins like Shiba Inu (SHIB) continue to hold their appeal, there’s an increasing interest in platform-based tokens like HedgeUp (HDUP) that offer utility, innovation, and strong growth potential.

As we progress further into 2023, this trend of diversification may continue to shape the crypto market. Investors are becoming more discerning, seeking out projects that offer more than just hype. In this context, HedgeUp (HDUP) is emerging as a strong contender. However, as always, investors should carry out due diligence and make informed decisions.

 

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Okike, Ahiajoku Lecture And Nigeria’s Fading Platforms for Intellectual Conversations

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If you are looking for a book or journal to help you write better, check Okike, which was edited by Chinua Achebe. While we know him for his novels under African Writers Series, one of the biggest contributions by Achebe was editing and mentoring young writers through Okike.

As an undergraduate engineering student in FUTO, I read all editions of Okike. Typically, before any Ahiajoku lecture, Achebe would lay a framework in Okibe and when they descend in Owerri for the event, it would be an intellectual conversation.

Prof FC Ogbalu – arguably the father of modern Igbo writing -would come. One of the finest Igbo writers (he died really young), Tony Ubesie, was also there. Ubesie wrote “Isi akwu dara nala” and “Ukwa ruo oge ya” which are considered some of the finest novels in Igbo.  His chronicles of the Biafra war via Ada and Chike, connecting to “osisi na-ami ego” post-war were a masterpiece.

Of course, modern politicians defunded Ahiajoku lecture and many other things in the name of “advancement”.  But we are happy to visit PEN, the Cannes Festival, etc even as we allow our intellectual festivals to fade. Nigeria needs to bring back platforms for intellectual conversations because knowledge liberates.

Comment on Feed

Comment1: Perhaps we can also begin to talk about why the journal isn’t considered to be of high quality because it isn’t indexed in Scopus, etc.

Why are our local journals not considered much when contributors’ works in them are put forth?

I will appreciate it if anyone can share anything about Okike’s status as per indexing.

I believe it’s a great journal that showcases our beautiful cultural heritage.

My Response: Scopus is a baby in the world of Okike. I understand that it is Western product, so it should be assumed to be useful. Achebe stopped editing Okike before Scopus was born! Do not be distracted by indexing or ranking of Western journals. If your life is focused on being accepted by the Western publishers, it may not be fair to Africa. Most books we celebrate today under African Writers Series were rejected by most of those Western publishers. Okike is not for the west but for the Nigerian Nation and Africa at large. Only us can index it and discuss the value, and not Elsevier.

Comment R1: Ndubuisi Ekekwe thanks for sharing this insight. To my mind, this discussion needs to keep happening until we Africans begin to realize the treasure we have and believe in our knowledge production systems.

But where publishing in Scopus indexed journals is a prerequisite for high ranking of publications by some of our local institutions, isn’t it obvious that we are wittingly helping to demote ourselves?

My Response: Sure, we need to have confidence in Africa to advance. Yet, we need to understand that some of the finest ideas in the world are never published. Google just banned its engineers from publishing new things on AI after its publication on transformer was used by OpenAI to create ChatGPT which is giving Google problems. So, if those engineers play along, only boring things will be in those journals.

Comment 2: We are deep into comedy and hasty entertainment, many people here find intellectual discourse boring and irritating, and when you connect the dots, you can understand why things are the way they are.

Why does going to school feel like a scam to many? Because the intent has never been to acquire knowledge and liberate the mind, rather a sort of misguided notion about escape from poverty, so when you are unable to secure paid employment after schooling, it automatically implies that you wasted money going to school.

How many platforms and spaces do you see conversations and discourses that enlighten and edify? The soul is starved of quality diets, while everyone is immersed in pursuit of fame and more money, at the end of the day – chaos and miseries are what you get.

Comment 3: Intellectual platforms celebrate literary prowess. Literary prowess is the driver of Soft Power. Soft power is like the OUD of a civilization that will definitely (have got) get their engineering, politics, and military right. It can only be expressed by the arts/literary prowess. If you love the whiff of a civilization’s theatre/literary prowess. You will soon come to fear/respect their technology/military/trade/diplomacy.

For context, check Chinese theatre, American theatre, and way before then British theatre, further down. the Roman Amphitheater…

My Response: Largely, our Nollywood will not evolve without some of these components. The whole construct of Hollywood is the marketing of America and it has served the nation greatly. Lecture series like Ahiajoku certainly should return.

Comment 4: “Of course, modern politicians defunded Ahiajoku lecture and many other things in the name of “advancement”.  But we are happy to visit PEN, the Cannes Festival, etc even as we allow our intellectual festivals to fade.”

Question is, Do we need politicians to help us advance our culture? I don’t really think so. I think what needs to happen is for individuals, businesses (entertainment, hospitality and tourism) and cultural agencies to come up with a game plan that incentivizes our key cultural events such as ifejioku, ichi ozo etc.

My Response: Unfortunately, the Nigerian tax system does not offer for companies to do many things in this land. If you donate to a museum, art theater, etc in America, it is tax deductible. With that, you have more incentives to give. It is the same thing while US schools will always get grants. In Nigeria, we handle those as pure business expense. That said, most of the cultural festivals in US and Europe are partly funded by governments or their agencies. But they cover from economic activities those even trigger.

Sen Warren Bill on Crypto Regulation in the US spark reactions

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The cryptocurrency industry has been facing increasing regulatory scrutiny in the United States over the past year. From tax reporting to anti-money laundering, lawmakers and regulators have been trying to impose stricter rules on crypto transactions and platforms. However, not all of them share the same vision or approach.

One of the most vocal critics of crypto is Senator Elizabeth Warren, who has repeatedly expressed her concerns about the risks and challenges that digital assets pose to consumers, investors, and national security. In December 2022, she introduced a bipartisan bill with Senator Roger Marshall that aims to crack down on cryptocurrency money laundering, financing of terrorists and rogue nations.

The bill, called the Digital Asset Anti-Money Laundering Act of 2022, would close loopholes in the existing anti-money laundering and countering of the financing of terrorism (AML/CFT) framework and bring the digital asset ecosystem into greater compliance with the rules that govern the rest of the financial system. According to a press release from Warren’s office, the bill would:

Expand the definition of a money service business (MSB) to include any person that engages in digital asset transactions as a business or for profit.

Prohibit financial institutions from using technology that obscures or anonymizes digital asset transactions, such as mixers, tumblers, or decentralized exchanges.

Require MSBs to register with FinCEN and comply with AML/CFT requirements, such as customer identification, recordkeeping, reporting and monitoring.

Regulate digital asset ATMs and kiosks as MSBs and subject them to registration and compliance obligations.

Authorize FinCEN to issue civil penalties and injunctions against MSBs that violate AML/CFT rules.

Enhance information sharing and coordination among federal agencies and state regulators on digital asset enforcement actions.

Warren and Marshall argue that their bill would help prevent digital assets from being abused by criminals and sanctions evaders, while leveling the playing field between crypto and traditional finance. They cite reports from the Treasury Department, Department of Justice, and other national security and financial crime experts that warn about the growing use of digital assets for money laundering, theft and fraud schemes, terrorist financing, and other crimes.

However, not everyone agrees with their assessment or their proposed solution. Some crypto advocates and industry representatives have criticized the bill as being too broad, too vague, or too harsh. They claim that the bill would stifle innovation, infringe on privacy rights, create regulatory uncertainty, and drive crypto businesses out of the US.

For instance, Jerry Brito, the executive director of Coin Center, a non-profit research and advocacy group for crypto policy issues, tweeted that the bill would “ban privacy-preserving technologies” such as mixers and decentralized exchanges. He also pointed out that the bill would “create a new category of MSB” that would include anyone who transacts in crypto for profit, which could potentially cover miners, node operators, developers, or even casual users.

The bill has received mixed reactions from the cryptocurrency community and industry experts. Some have welcomed the bill as a positive step towards clarity and legitimacy for the sector, while others have criticized it as too restrictive and intrusive. Some have also questioned the feasibility and desirability of creating a Fedcoin, arguing that it would undermine the decentralization and innovation of cryptocurrencies.

The bill faces an uncertain future in Congress, as it would need to garner bipartisan support and overcome potential opposition from various stakeholders and interest groups. The bill also comes at a time when other countries are exploring their own approaches to regulating and adopting digital assets, such as China’s crackdown on crypto mining and trading, and El Salvador’s adoption of Bitcoin as legal tender.