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Home Blog Page 5739

US Senate Considering $10bn Compensation Contracts for Jeff Bezos

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As a matter of contracts, Jeff Bezos has been getting increasingly sidelined by the United States government that the Senate is considering giving him special treatment through legislative amendment.

Recently, Blue Origin, Bezos’ space company, lost a multibillion NASA contract to Elon Musk’s SpaceX, heightening Washington-based contract losses that started with former US president Donald Trump. Now Congress is on the move to create a contract for Bezos, ordering NASA to make two awards.

The order would be issued under the Endless Frontier Act, a plan to increase funding for science and technology research that is now being debated on the Senate floor.

Blue Origin is based in Washington, the home state of Sen. Maria Cantwell, who is pushing under the Amendment, for $10 billion to be given to NASA, who will in turn, award it to Blue Origin as contract.

The latest blow to Bezos’ quest for a federal contract came following a competition against SpaceX for a contract to put astronauts on the moon, the first such trips since 1972. NASA awarded the contract to Elon Musk-owned SpaceX last month.

Blue Origin lost out after spending  $625,000 lobbying the Senate in the first quarter of the year, according to lobbying disclosure records.

Blue Origin and Dynetics, another company that also made a bid for the contract, filed protests with the Government Accountability Office, after it was awarded to SpaceX. Since the protests are still open, Congress seems to want to bypass the watchdog with a multibillion dollar handout to NASA to award more contracts.

This move by the Senate to create contracts for Blue Origin appears like appeasement for perceived squabble between Washington and Jeff Bezos. But it faces an obstacle.

Sen. Bernie Sanders, introduced a last-minute amendment Monday to eliminate the $10 billion. “It does not make a lot of sense to me that we would provide billions of dollars to a company owned by the wealthiest guy in America,” Sanders told The Intercept Tuesday.

In 2019, Bezos-owned Amazon filed a suit challenging Pentagon’s process for awarding $10 billion cloud computing contract to Microsoft. The process was being investigated by a market watchdog to ascertain if Trump and Bezos’ rift in any way got in the way of the process. Although the Pentagon denied any wrongdoing, the animosity between the president and the Amazon founder could not be ignored.

Cantwell introduced an amendment to the Endless Frontier Act to end what appears like injustice to other players in the US tech space, when it comes to government contracts.

Cantwell told NASA’s incoming administrator, former Sen. Bill Nelson, that she was surprised at the way the award unfolded, before introducing the legislation to add a new one.

“I think there needs to be redundancy,” or multiple contractors in case one fails, she told Nelson at his confirmation hearing. “And it has to be clear this process can’t be redundancy later. It has to be redundancy now.”

The Intercept said in its report that Cantwell’s measure wouldn’t rescind the grant to SpaceX but would create an additional contract that Bezos’ company would be in line to win.

The measure, which also seems like an attempt by Cantwell to get her state a federal tech contract, has been attached to the Endless Frontier Act as part of a manager’s amendment and authorizes $10.032 billion through the year 2026 for the moon program.

There has been broad bipartisan support for the bill in the Senate, indicating that it will be passed soon. The Intercept reported a procedural vote last week passed by a 71-27 margin, and that Senate Democratic leaders are eyeing a Thursday vote for final passage, after which it would need to move through the House of Representatives.

Towards the NDLEA Proposed Compulsory Drug Tests for Politicians and Students

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On Tuesday, 25th May 2021, the National Drug Law Enforcement Agency (NDLEA) took another stride towards combating illicit drug trafficking and use in Nigeria. The Chairman/Chief Executive of the agency, Brig. Gen. Mohammed Buba Marwa (rtd), revealed this plan while delivering a lecture on “Drug Abuse and National Security Challenge: Way Forward,” at the 5th-anniversary lecture of Presidential Diary magazine.

According to Marwa, politicians vying for political offices and students seeking admissions into higher institutions will be compelled to undergo drug tests. Marwa said that political positions should not be entrusted to users of hard drugs because they will not have the capacity to handle the responsibilities associated with the offices, especially considering that they will, most times, be under the influence of drugs. He further implied that students may be unable to partake in academic activities when they are under the influence of drugs. This means that their education will be affected. By these, the NDLEA boss describes how hard drugs promote bad leadership and poor education.

But these are not the only reasons NDLEA wants to go after politicians and students that take hard drugs. According to Brig. Gen. Marwa, hard drug trafficking, and use are among the major causes of the high rate of crimes and insecurities in the country. Of course, research has shown that hard drugs alter people’s perception of shapes, sizes, and sounds, which could lead to misconduct. Drugs also affect user’s emotions by inducing anxiety, sadness, anger, depression, and so on. You will agree with me that drug-related crimes exist and have constituted in societies. So, if the NDLEA decides to discourage users as a way of fighting illicit drugs in the country, the agency should be given maximum support from all of us. But then, are they ready to do as they said?

If you could remember, sometime last year, NDLEA proposed that couples preparing to get married will first go for drug tests before their marriages will be conducted. This proposal was a welcomed one because of the high rate of domestic violence the country witnessed during the COVID-19 lockdown. But the agency has not revisited it after dropping the hint so that, today, it is uncertain whether the plan will still be implemented. It should be known that controlling the rate at which drug abusers and addicts go into marriages will help to reduce the rate of domestic violence, especially the ones that lead to spousal deaths. I hope Brig. Gen. Mohammed Marwa will put this into perspective once again.

Nevertheless, aspiring for political offices, seeking admission into higher institutions, and planning marriages should not be the only reasons people get tested for drugs. How about those that gained employment in corporate and non-corporate organizations? How about professionals in different fields? What about civil servants? What of the military, paramilitary, and personnel of other forces? What about every individual that gives security operatives a reason to be suspicious? Let drug tests be for everyone.

The aspirations of the NDLEA chairman to eradicate hard drugs from the country by cutting down on its demand may sound far-fetched but it should not be bluffed. Over the past few weeks, reports on the NDLEA’s arrests and apprehension of drug traffickers made waves all over the country, showing that the agency is doing its best so far. Hard drugs worth billions of Nigeria have been intercepted and seized by this agency but many more will find their way into the country if nothing is done and done very soon. But, if you truly look at it, drugs will not come into the country if there is no demand for them. Hence, the NDLEA’s proposal to subject aspiring political office holders and students to drug tests is a welcomed idea and should be supported by all of us. Nevertheless, the test should be extended to other people from different walks of life.

Buhari appoints Major General Farouk Yahaya as the New Chief of Army Staff

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President Buhari appoints Major General Farouk Yahaya as the New Chief of Army Staff. While I wish him good luck, I challenge him to avoid collateral damage happening in Ebonyi and Imo states where stray bullets are killing people daily. Nigeria has found it necessary to deploy Air Force crafts with Police going with grenades into these communities, killing children and women, despite its total failure of using the same asymmetric assaults to fight Boko Haram.

General Yahaya, good luck but stop the killing of innocent citizens in the South east. If you militarize the communities, bad things could happen.

PRESIDENT BUHARI APPOINTS NEW CHIEF OF ARMY STAFF

The Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, President Mohammadu Buhari has appointed Major General Farouk Yahaya as the new Chief of Army Staff.

Prior to his appointment Major General Yahaya was the General Officer Commanding 1 Division of the Nigerian Army and the incumbent Theatre Commander of the Counter terrorism Counter Insurgency military outfit in the North East code named Operation HADIN KAI.

Please disseminate this information to the general public through your news medium.
Thank you for your cooperation.

ONYEMA NWACHUKWU
Brigadier General
Acting Director Defence Information
27 May 2021

God bless Nigeria. God help the Army.

Comment on LinkedIn Feed

Please where the General comes should not be an issue.  Mr. The President has 100% right to choose his team.  I am simply asking for one thing: treat all Nigerians the same. My kinsman and village big Mgboo held his job as Gen Ihejirika. Where COAS  comes from is not the issue. It is what he does! Let us focus on that. They need to use wisdom and be cautious on the operations in the South east. Fight bad people but do not declare war on innocent people.

Tekedia Welcomes An IP Expert To Teach “Intellectual Property: Strategy, Management & Commercialization”

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Good People, join me to welcome Barrister Ifeanyi E. Okonkwo to Tekedia Institute as Faculty. The learned gentleman is an intellectual property expert and is developing a new course on ‘Intellectual Property: Strategy, Management & Commercialisation’ for the Institute.  This course will examine among others how we can translate IPs into innovation and drive growth in businesses. The focus is on the business side, not the legality, since the Institute has courses in the legal domain already.

Mr Okonkwo comes with wide experience in commercial intellectual property and has been involved in several complex international and local portfolios.

He is an asset at West Africa’s leading IP firm – Jackson, Etti & Edu (Managing IP) – and a member of the NBA-SBL IP Committee. His work on intellectual property valuation continues to be a foremost material on the subject amongst African scholars.

In a knowledge-based economy and the rise of intangible assets, Ifeanyi E Okonkwo will be taking on Tekedia Students on the intangible business aspects and strategies.

From Non-Fungible Tokens (NFT) to the usual IP assets, Tekedia Institute is educating. Register for the next edition which begins June 7 here.

 

Welcome Onitsha Market To Tekedia Mini-MBA

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Good People, welcome with me 25 businessmen who are joining Tekedia Mini-MBA edition 5 from Onitsha Main Market. Through a partnership with the traditional ruler of the Awka Kingdom, we developed a wealth and personal wealth management course to make it possible for traders to plan for retirement.

We need to end that bad omen where men and women who touched money only to be in financial ruins, months after retirement. I thank our amazing Faculty Japheth Jev, ACMA, CGMA, ACA, for developing the best course on personal finance and wealth management! It is so popular that it is now a book.

I want to wish these men open markets and more importantly “aku ruo ulo” [may the wealth reach home] and be durable.

Welcome to the Institute school.tekedia.com. I hope to return to Africa’s largest market very soon to share ideas to advance the wealth of Nigeria.