News
WTO says Coronavirus have ‘substantial’ impact on trade
The head of the World Trade Organisation (WTO) said on Monday that he expected the coronavirus epidemic to have “substantial” impact on the global economy, but that plans for a June ministerial meeting were going ahead, a Geneva trade official said.
READ ALSO:
|
“First case of coronavirus confirmed in Jordan, Rome, Andorra” is locked
|
First case of coronavirus confirmed in Jordan, Rome, Andorra |
|---|
Roberto Azevedo told heads of delegations in a closed-door meeting in Geneva on Monday.
“The effects on the global economy are also likely to be substantial and will start to show up in the trade data in the weeks to come,’’ Azevedo said.
“For MC-12 we are proceeding as planned. Should the situation so demand, we will take any necessary action,” he added, referring to the June ministerial meeting in Kazakhstan.
The meeting, where member states will seek to clinch deals on agriculture, e-commerce and fisheries subsidies, among other topics, is expected to have several thousand participants.
A successful outcome is considered as critical to the legitimacy and relevance of the global body after the collapse of the WTO’s dispute appeals system due to U.S. blocking of appointments.
However, in the same Monday meeting, the chairman of the fisheries subsidies negotiations Santiago Wills said recent progress had been “insufficient” and urged members to be “flexible and pragmatic”.
Other member states also voiced concerns about slow progress on the talks which aim to end harmful subsidies to the fishing industry that are depleting global fish stocks.
Azevedo recently expressed hope that a deal was possible.
“It is incumbent on all of us to recognise that the negotiations are in serious trouble,” U.S. Ambassador to the WTO Dennis Shea told trade delegates on Monday.
Shea added that some members were “fiercely defending” rights to subsidise or do so in the future, without naming the countries.
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
photo
JUST IN: Even Tinubu moves with too many police escorts – Senator Ndume
-
Uncategorized5 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines10 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News11 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News10 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology4 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader