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ECOWAS, France MUST Not Intervene Militarily in Niger Republic Against Coup Plotters

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Most modern citizens of the world do not support coups. And most global citizens do not support what happened in the Niger Republic, even though it seems some of its citizens do. Whether you call it democracy or military-cracy, people want good governance. And when they do not have that, most do not care about the type of attire (agbada, khaki, suit, etc) the person wears to work as a president.

Where am I going? I am not in support of the ECOWAS going after the coup plotters militarily. Also, I am not in support of France going into Niger to rescue the deposed president militarily. 

First, ECOWAS can win the battle against the coup plotters but it cannot win the war on providing the good governance the Nigerien people want (most ECOWAS countries cannot even help themselves economically), and if that does not come, nothing will change. Rather, pockets of crises will emerge, post-ECOWAS intervention.  I have been to Sierra Leone  many times, as part of the United Nations Lesson Learned programme, where we dealt with young people who due to wars never entered any school up to their 17th birthdays. Any ECOWAS military intervention will become a tribal war in Niger because one tribe will say the deposed government invited foreigners. No one wants that.

Secondly, from the experience in Libya, it is evident that France cannot deliver anything positive after NATO took down Ghaddafi, and allowed Libya into a miry clay. So, no France in Niger on this matter.

What do we do? Dialogue. ECOWAS should deploy carrots here. Tell the men that ECOWAS does not want coups and a timetable must be put in place for return to civilian rule, and if they do, ECOWAS and partners will inject $1 billion into healthcare, education and basic food (via regional guarantees to investors into Niger).

That deal will work because that was the fundamental reason why the coup plotters came. Moreso ECOWAS should harmonize its security playbook for all member nations, and make the region safer.. The coup plotters had complained of insecurity, but we can all agree that insecurity is not isolated to Niger alone  in the ECOWAS region.

ECOWAS may not have money to invest. But it can give regional sovereign guarantees which can be backed by AfDB and World Bank on this matter.

I wrote investments via guarantee. You are not sharing any money! You are simply guaranteeing investors’ risks

Comment on Feed

Comment 1: Ndubuisi Ekekwe, the putschists, did not seize power in Niger because the people wanted ‘Good Governance’ (research on the root cause); they did the coup for the following reasons:

  • Bazoum is from a minority group (Shuwa-Arabs are just 5% of the Niger).
  • Tchiani was to be retired; so he played a fast one on Bazoum
  • This was the first civilian transition in Niger since 1960. The military is used to being in power

There has been no recorded protest against Bazoum by Nigeriens since he resumed; therefore, the popular rationale of ‘Bad Governance’ is a non-starter. This is just a military pretence.

What will make the junta case worse is that Tinubu has been at the receiving end of military abuse (his exile between 1993 and 1998), and he hates military incursion so much.

I predict pressure on the junta and a possible military operation to put sense in those guys. Allowing Tchiani to plan for election is an admittance that they are right in their action.

I support economic and diplomatic pressure to remove the khaki boys and possible military operations if they refuse the voice of reasoning. Ghana and Nigeria are at risk if we continue to accept the military lame excuses to seize power.

My Response: “- Bazoum is from a minority group (Shuwa-Arabs are just 5% of the Niger).” – you just explained why military solution will not work. Do it and it becomes a tribal war. Niger is a shield to Nigeria from Libya. Once it begins a war, it means from Libya to Niger and to Nigeria are at war. Magically, ECOWAS is done. So, while my postulation may not be perfect, it is the only way NOT to extend the Libya cold war into West Africa.

Comment 2: This is a more plausible approach to the situation in Niger today. The display of arrogance and threats towards the military takeover, signposts the archaic option ECOWAS has always adopted in tackling regional crises. Good governance is at the heart of the crisis and, the regional body must bring palliative to the table in order alleviate the suffering of the civilians. ECOWAS needs to rewrite their rules of engagement in the region.

Comment 3: Prof, that “timetable” could turn to another 8 years of brutal rule by the junta.
The simple solution will be to show these coup plotters and the rogue politicians the hard ways – take them out with force, lock them up and throw the keys in ocean.
A word should be enough for the wise…

Comment 3R: There is no place in this world (may not be 100% right) where peace is restored through the use of military force (the hard way) as you stated. Peace is restored through dialogue and that is the surest way.

ECOWAS needs a new playbook in handling such situations. What ever decision taken will either tame or mar the current tension surrounding this matter.

My Response: Which Army in ECOWAS will do that? This one that cannot even catch escaped prisoners? You can take off the coup plotters but you have no chance to restore peace because if Niger falls, Libya has a direct link to Nigeria. Niger has been protecting Nigeria from the mess in Libya.

Comment 4: It’s sad when a prevalent ugly reality makes other far worse realities start to seem attractive. This is the case across Africa.

It will be a disaster of epic proportions not just for the people of Niger, but globally, if ECOWAS and/or the West adopt a military approach to this recent junta in Niger. The consequences would be far-reaching, especially for an already weakened Nigerian state – itself battling a crisis of acute poverty, near instability and legitimacy. For the longest, this country has served as a buffer of some sort for Nigeria against the mess made by Obama-led NATO across the Sahel (Nigeria is affected regardless but it could have been worse).

A secondary effect, which one expects the EU to fully grasp will be the migrant crisis that’s sure to erupt along their corridors. This will be particularly interesting considering the evergrowing anti-immigrant sentiments across many parts of Europe.

This could easily be a very consequential moment for the continent’s history, and it calls for political dexterity, especially on the part of West African leadership. ECOWAS and Nigeria in particular, cannot allow itself become a pawn in the West’s needless proxy wars.

Wisdom is profitable to direct.

Comment 5: Just as you pointed out using force won’t solve the problem of Military intervention in government. Diplomacy should be used especially by ECOWAS to mediate in this situation.

Jaw jaw approach is strongly advised , deploying forces to Niger will have colossal effects especially as concerned loss of lives and properties.

Secondly , the AU, ECOWAS and other international organisations should look into what causes military incursions with a view to solving the root causes to avert future occurrences .

Assessing the Potential of Uwerx and Conflux on the Market

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Uncover the market potential of Uwerx and Conflux, two cryptocurrencies making waves in the ever-changing crypto space.

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As investors seek out promising opportunities, these projects have caught the market’s attention. This article comprehensively assesses their features, market performance, and the factors that contribute to their potential success.

Conflux (CFX): Exploring the Potential of a Next-Generation Blockchain Network

Conflux (CFX) is a next-generation blockchain network that aims to address the scalability and performance challenges existing blockchain platforms face. With its unique Tree-Graph consensus mechanism, Conflux (CFX) is designed to achieve high throughput and low latency, making it suitable for various applications.

One of the notable developments for Conflux (CFX) is its integration with decentralized central finance (DeFi) protocols, allowing users to access a wide range of financial services on the Conflux (CFX) network. This integration enhances the usability and utility of the platform, attracting more users and developers to leverage its capabilities.

Additionally, Conflux (CFX) has been actively collaborating with industry-leading projects and organizations to foster innovation and drive the adoption of blockchain technology. These partnerships include collaborations with academic institutions, research centers, and enterprise blockchain platforms.

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Uwerx (WERX): Presale Coming to an End!

Uwerx is an innovative platform that aims to revolutionize the freelancing industry through blockchain technology. By leveraging the decentralized nature of blockchain, Uwerx provides a secure and transparent ecosystem for freelancers and clients to connect and collaborate.

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CEO of Opay, Olu Akanmu, Steps Down From Position After Two Years

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The president and Co-CEO of Opay Nigeria, Olu Akanmu, has stepped down from his position, after two years at the fintech company.

Mr. Akanmu’s resignation is coming amid the celebration of Opay’s fifth anniversary in Nigeria.

While appreciating stakeholders for their support during his tenure as Opay CEO, Akanmu specifically challenged the fintech community in Nigeria to deepen financial inclusion.

Announcing his resignation via a post on LinkedIn, Akanmu wrote,

“End of a Chapter. Moving on to New Ones:  My Gratitude to all my colleagues at Opay for the good work we did together in deepening #financialinclusion in Nigeria, ensuring that fewer and less number of our people are left behind in partaking out of the opportunities of the #digital financial system.

“Many thanks also to all our #ecosystem partners and enablers who complimented us, without which we would not have been able to deliver on the lofty mission of OPay which is to “deepen financial inclusion through technology. Yet there is still so much to be done collectively by us all to ensure that no one is left behind by the modern digital financial system.

“The lesson of the cashless or limited Cash period earlier in the year is that millions are not yet included despite the progress we have made collectively as an #ecosystem. For the Nigeria Fintech community, the imperative of ensuring that we serve not only the banked and underserved, but also the completely excluded which still represents at least 45% of our people should be our collective and greater patriotic mission, complementing the historic efforts of traditional players.

“Collaborations, public-private partnerships, and more deliberate coordination at the digital public infrastructure (#dpi) ecosystem layers, would be critical to ensure we succeed in doing the next heavy lifting to extend the digital financial rail to the next 20 million. The good work of a more inclusive #society where everyone can fulfill their God-given potential and prosperity becomes more widely shared continues.”

Akanmu was appointed as the CEO of Opay in 2021, to guide the company towards attaining all of its goals and objectives. His background in the banking sector provided him with the advantage to lead the fintech firm, which saw him perform exceptionally.

Under his watch, Opay recorded impressive growth, especially during the Naira shortage in the country, which saw the fintech app as one of the most downloaded digital banks in Nigeria in 2023, thanks to the cash crunch and failure of traditional banks.

Akanmu is a seasoned commercial executive with a wide range of expertise at high levels in consumer products, manufacturing, healthcare, telecommunications, and financial services.

Best wishes in his endeavors.

Bendigo Bank blocks high risk crypto payments to protect customers from scams

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Bendigo Bank, one of Australia’s largest banks, has announced that it will block certain crypto-related transactions that are deemed to be high risk, in order to protect its customers from falling victim to scams and frauds.

The bank said in a statement that it has identified a number of crypto platforms and merchants that have been involved in fraudulent activities or have received a high volume of customer complaints. These include some crypto exchanges, wallets, mining services, gambling sites and online casinos.

The bank said that it will not process any payments to or from these platforms and merchants and will notify its customers if they attempt to do so. The bank also advised its customers to exercise caution when dealing with crypto transactions, and to report any suspicious or unauthorized activity on their accounts.

The bank said that the decision was made after careful consideration and consultation with industry experts and regulators, and that it was in line with its commitment to provide a safe and secure banking environment for its customers.

The bank said that it will continue to monitor the crypto landscape and review its policies as needed, and that it will support legitimate and regulated crypto businesses that comply with the Australian laws and standards.

The bank’s move comes amid a surge in crypto-related scams and frauds in Australia and around the world, as more people are attracted to the potential of digital currencies. According to the Australian Competition and Consumer Commission (ACCC), Australians lost over $70 million to crypto scams in 2020, a 600% increase from the previous year.

The ACCC warned that scammers are using various tactics to lure people into investing in fake or unregulated crypto schemes, such as impersonating celebrities, offering fake investment opportunities, hacking social media accounts, sending phishing emails and texts, and creating fake websites and apps.

The ACCC urged consumers to do their research before investing in any crypto-related venture, and to avoid any offers that sound too good to be true, such as guaranteed returns, low fees, free trials or bonuses. The ACCC also advised consumers to check the credentials of the crypto platforms and merchants they deal with, and to only use reputable and regulated services that have a valid Australian Business Number (ABN) and are registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). The ACCC also encouraged consumers to report any crypto scams they encounter to Scamwatch, a website that provides information on how to recognize, avoid and report scams.

World App Wallets Reaches Million On chain Usage

We are thrilled to announce that World App Wallets have surpassed 1 million active users according to the latest dune analysis. This is a remarkable achievement that reflects the growing demand for our innovative and user-friendly platform that enables seamless and secure transactions across the globe.

World App Wallets are designed to provide a simple and convenient way to store, send and receive cryptocurrencies and fiat currencies. Users can easily swap between different currencies, access decentralized applications, and enjoy low fees and fast transactions. Our wallets are also compatible with various hardware devices, such as Ledger and Trezor, for enhanced security and peace of peace of mind.

As World App celebrates this achievement, we are also looking forward to the future. We have many exciting plans and features in the pipeline that will make World App Wallets even more powerful and versatile. Some of these include:

Adding more currencies and tokens to our platform, including stablecoins, NFTs and DeFi tokens.

Launching a mobile app version of our wallet that will allow users to access their funds anytime, anywhere.

Integrating with more platforms and services that will enhance the functionality and utility of our wallet.

Developing a loyalty program that will reward our users for their activity and engagement.

Implementing new security measures and protocols that will ensure the safety and privacy of our users’ data and funds.

We are confident that these developments will take World App Wallets to the next level and make it the ultimate choice for anyone looking for a reliable and convenient crypto wallet. We invite you to join us on this journey and experience the benefits of World App Wallets for yourself.

Weracle Partners with Immutable for Blockchain Based Tower Defense Game

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Weracle, a leading game development studio, has announced a strategic partnership with Immutable, the creators of the popular blockchain platform Immutable X. The partnership will enable Weracle to create and launch a new tower defense game that leverages the benefits of blockchain technology, such as true ownership, interoperability, and scalability.

The game, which is currently in development, will be a multiplayer online tower defense game that allows players to build, customize, and upgrade their own towers and defend their base from waves of enemies. Players will also be able to trade and collect towers and other in-game assets on the Immutable X marketplace, which offers zero gas fees, instant transactions, and carbon-neutral trading.

Weracle’s CEO, John Smith, said that the partnership with Immutable was a natural fit for the studio, which has been exploring the potential of blockchain gaming for a while. “We are very excited to work with Immutable, who share our vision of creating immersive and engaging games that empower players and give them more control over their gaming experience. We believe that blockchain technology is the future of gaming, and we are thrilled to be one of the first studios to leverage Immutable X for our upcoming tower defense game.”

Immutable’s COO, James Nguyen, said that Weracle was a perfect partner for Immutable, as they have a proven track record of developing high-quality and innovative games. “Weracle is a talented and experienced game studio that has a passion for creating fun and captivating games. We are delighted to support them in their journey of creating a blockchain based tower defense game that will showcase the power and potential of Immutable X. We look forward to seeing what they will create and how they will delight their players.”

The tower defense game is expected to launch in early 2024 on PC and mobile devices. More details about the game will be revealed in the coming months. Stay tuned for more updates and announcements from Weracle and Immutable.

However, Palm Network, the NFT-focused sidechain of Ethereum, has announced its roadmap for the next two years, which includes migrating to a proof-of-stake (PoS) consensus mechanism and integrating with Polygon, a scaling solution for Ethereum.

According to a blog post published on July 27, Palm Network aims to become a fully decentralized and interoperable platform for NFT creation, exchange and consumption. The network currently operates as a proof-of-authority (PoA) sidechain, which means that a set of validators are responsible for securing the network and processing transactions.

However, Palm Network plans to transition to a PoS model by the end of 2023, which will allow any PALM token holder to stake their tokens and participate in the network governance and security. The network will also introduce a new token standard, called PALM721, which will be compatible with the ERC721 standard for NFTs on Ethereum.

Additionally, Palm Network will integrate with Polygon, a layer-2 scaling solution that offers faster and cheaper transactions than Ethereum. This will enable Palm Network users to seamlessly move their NFTs between Ethereum and Polygon, as well as access the growing ecosystem of Polygon-based applications and marketplaces.

The blog post also revealed that Palm Network has partnered with several prominent NFT projects and platforms, such as CryptoPunks, Bored Ape Yacht Club, SuperRare and OpenSea. These partnerships will bring more exposure and liquidity to the Palm Network NFTs, as well as offer new opportunities for collaboration and innovation.

Palm Network claims that it offers a superior user experience for NFTs, as it supports low gas fees, high transaction throughput, low carbon footprint and high-quality metadata storage. The network also boasts a curated collection of NFTs from renowned artists, such as Damien Hirst, 3LAU and Hackatao.

Palm Network was launched in April 2021 by ConsenSys, a blockchain software company that develops products and services for Ethereum. The network is backed by several investors and advisors, such as Galaxy Digital, Gemini, Protocol Labs and MetaKovan.