Nigerian Newspapers
Pope to review Vatican bureaucracy, scandal-ridden bank
Pope Francis, who has said he wants the Catholic Church to be a model of austerity and honesty, could restructure or even close the Vatican’s scandal-ridden bank.
The closure may be as part of a broad review of its troubled bureaucracy, Vatican sources say.
Francis, who inherited a Church mired in scandals over priests’ sexual abuse of children and the leak of confidential documents alleging corruption and infighting in the Vatican’s central administration, is mulling his options as he sets the tone for a reformed and humbler Holy See.
One of the tests of his papacy will be what he does about the bank which has regularly damaged the Vatican’s image over three decades and faces growing calls for reform.
Last year a European anti-money laundering body found that the bank – formally called the Institute for Works of Religion and known by the Italian acronym IOR – had failed to meet some of its standards on fighting financial crimes.
“Certainly if the pope wants to, he can close the IOR,” said a senior Vatican official, a prelate who had years of experience of directly dealing with the bank.
“The future of the IOR was one of main issues Francis would have to confront now that the whirlwind of his surprise election was slowing,” he said.
Any significant reforms of the IOR would not come for some time and would probably be made after changes at the Secretariat of State, the central Church department which was at the centre of a “Vatileaks” scandal that rocked the Holy See last year.
These changes would include the replacement of its head, Cardinal Tarciscio Bertone, who is number two in the Vatican hierarchy and has widely been blamed for failing to prevent the many mishaps and infighting in Church government during the eight-year pontificate of Pope Benedict.
“It will take time to change the bank,” said another Vatican official who is not a prelate. Both officials spoke on condition of anonymity.
The second official believed it was more likely that the bank, which manages money for the Vatican, international Catholic religious institutions and orders of priests and nuns, would undergo “serious restructuring”rather than being closed.
“But I would not exclude anything, including closing it down the line. Francis is doing surprising things every day,” he said.
Both officials said the new pope might, as a first step, set up a committee to advise him on possible changes to the Vatican’s financial structure.
The first sign of change would be a new secretary of state.
“It’s not a question of if but when Bertone leaves,” the senior prelate said.
“It remains to be seen who the pope chooses as new secretary of state.”
The basic failings of the Curia, as the Vatican’s central administration is known, were aired, sometimes passionately, at closed-door meetings of cardinals before they retired into the conclave that elected Francis on March 13.
“The Curia did not come out smelling like a rose from those meetings,” the senior prelate said, adding that many cardinals had demanded explanations of the scandals and information on how the bank is run and whether it should exist at all.
“The IOR is not an essential part of the ministry of the Holy Father as a successor of St. Peter,” Cardinal John Onaiyekan of Nigeria told an Italian television station before the election of Francis.
“The IOR is not fundamental, it is not sacramental, it is not part of Church dogma.”
Anger at the Italian prelates who mostly run the Curia was one of the reasons that the cardinals chose the first non-European pope for 1,300 years at the conclave and quashed the chances of one of the frontrunners, Milan Archbishop Angelo Scola.
The next secretary of state, the senior source said, would have to instil a new style of “collaboration and service”among offices of the Curia, whose image was badly stained by the “Vatileaks” scandal.
Before he resigned, Benedict left a secret report for Francis on the scandal, in which sensitive documents alleging corruption and conflict over the bank’s administration were stolen from the pope’s desk and leaked by his butler.
The butler, Paolo Gabriele, was arrested and sentenced by a Vatican court to 18 months in prison last year but Benedict pardoned him and he was freed just before Christmas.
Bertone has been directly linked to the IOR’s recent troubles.
He was the chief promoter of Ettore Gotti Tedeschi, an Italian who headed the bank until last May when its board unceremoniously ousted him.
Gotti Tedeschi said at the time he was fired because he wanted the bank to be more transparent but board members said it was because he had neglected basic management responsibilities and alienated staff.
In 2010, when Gotti Tedeschi was still at the helm of the bank, Rome magistrates investigating money laundering froze 23 million euros ($ 33 million) the IOR held in an Italian bank.
The Vatican said the bank was merely transferring funds between its own accounts in Italy and Germany.
The money was released in June 2011 but the investigation is continuing.
In February, the Vatican named a German lawyer, Ernst von Freyberg as new IOR president, but the appointment, made two weeks before Pope Benedict resigned, was clouded by Freyberg’s past business links to a military shipbuilder.
At the time of appointment, the Vatican said Freyberg would contribute to the IOR’s modernisation and transparency in its attempts to meet international standards.
“The Vatican Bank or IOR, is not unique. They are not the worst bank, but certainly there are very serious problems that need to be addressed,” said E.J. Fagan, advocacy coordinator at Global Financial Integrity, an organisation that seeks to curtail illicit money transfers.
“Pope Francis has very clearly stated that he wants to fight poverty. Money laundering of illicit financial flows is a major driver of global poverty and the Vatican should set a clear example,” he told Reuters.
The Vatican has been trying to shed its image as a suspect financial centre since 1982 when Roberto Calvi, an Italian known as “God’s Banker” because of his links to the Holy See, was found hanged under London’s Blackfriars Bridge.
Moneyval, a monitoring committee of the 47-nation Council of Europe, said last July that the Vatican had failed to meet all its standards on fighting illicit cash flows, tax evasion and other financial crimes.
A report by Moneyval gave the Vatican an overall pass grade but failing grades on 7 of 16 “key and core” aspects of its financial dealings.
It found major failings in the running of the bank, while acknowledging that the IOR was making changes to meet transparency requirements.
Five months before the Moneyval report, JP Morgan Chase closed the IOR’s account with the Milan branch of the U.S. banking giant because of concerns about insufficient transparency.
Italian media have reported that the bank, which currently answers to a commission of cardinals and enjoys great autonomy, could be placed under the control of another Vatican department, increasing the oversight called for in the Moneyval report.
Famiglia Cristiana, Italy’s leading Catholic weekly, called for the IOR funds to be administered by an independent “ethical bank”external to the Vatican.
“Total transparency would assure the faithful, who are continuing to offer generously, that the money they offer was in safe hands.
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Source: The Nation Newspaper
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This Day
Military, Police Ring Abuja to Forestall Boko Haram Attack
•Deploy more personnel as army chief vows to wipe out terror group
•Security beefed up at N’Assembly
Deji Elumoye and Kingsley Nwezeh in Abuja
Abuja, Nigeria’s seat of power, is under a massive security cordon following threats of attacks by insurgents and the increasing wave of banditry in the contiguous states of Kaduna, Kogi, Nasarawa and Niger States, THISDAY’s investigation has revealed.
There has been a wave of kidnappings in the outskirts of the federal capital, notably Pegi, Tuganmaje and Kuje among others, which the police have battled in recent times.
The security situation in and around the Federal Capital Territory (FCT) was heightened by the pronouncement of the Niger State Governor, Mr. Sani Bello, that Boko Haram fighters who he said sacked 50 villages in the state and hoisted the terror group’s flag, were about two hours drive away from the FCT.
Security has also been beefed up at the National Assembly as operatives, yesterday, thoroughly screened every vehicle approaching the National Assembly complex in Abuja.
The deteriorating security situation nationwide prompted the National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, to warn that the 2023 general election may not hold, demanding the declaration of a state of emergency as well as the convocation of a national conference.
However, the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru, yesterday restated the Nigerian Army’s determination to annihilate Boko Haram.
But the Governor of Katsina State, Hon. Bello Masari, cautioned against declaring a state of emergency, saying doing so isn’t the solution to combat the security challenges facing the country.
The security of the nation’s airports was also in focus yesterday as the Office of the National Security Adviser (ONSA) said there was no threat to them.
THISDAY’s investigations showed increased presence of troops, police, Nigerian Security and Civil Defence Corps (NSCDC) personnel and intelligence operatives at the three strategic entrances to the city notably, Keffi, Zuba and Gwagwalada.
More checkpoints were also mounted around Gwagwalada and Keffi.
THISDAY also observed increased intelligence deployment at the entrance and the borders of FCT with contiguous states.
Beyond the borders, there were more deployments and police patrols inside the city and increased intelligence deployments as well.
Security sources told THISDAY: “There are deployments here and there but they are routine. Alertness is key to a secure environment.”
It was also learnt that security agencies were involved in frenzied meetings throughout yesterday.
The meetings, coordinated by the office of the Chief of Defence Staff under the new joint operational strategy of the armed forces, were aimed at coordinating a joint response to possible threats of attack to the FCT.
“I understand the security teams have been meeting for some days now and if you look around you, you will notice that there are increasing patrols and numbers of security personnel. The threats are not been taken lightly,” a source said.
National Assembly workers, lawmakers and visitors also had a harrowing experience accessing the legislative complex due to heightened security in the area.
Security operatives thoroughly screened every vehicle approaching the National Assembly complex in Abuja, impeding both human and vehicular traffic.
The Sergeant-at-arm of the National Assembly and other security agencies supervised the operations, leading to huge traffic build-up inside the complex.
Legislative staff, visitors and lawmakers were seen patiently waiting for their cars to be searched so that they could go ahead with the business of the day.
Some staff and visitors at some point got tired of waiting and were seen alighting from their cars to trek from the gate to the complex.
Meanwhile, the ONSA has said there is no threat to the nation’s airports.
A statement by the Head of Strategic Communication, Mr. Zachari Usman, said the reports of threats to the airports were an internal correspondence of security threat assessment misconstrued as security threat to the airports.
PDP Demands State of Emergency
In a related development, the PDP National Chairman, Prince Uche Secondus, yesterday demanded the declaration of a state of emergency, warning that the 2023 general election might not hold if the federal government failed to tackle insecurity.
He called on the federal government to summon a national conference to address the spike in insecurity.
Secondus added that the national caucus of the party will meet today to discuss the state of the nation.
Addressing members of the National Executive Committee (NEC) in Abuja, Secondus said: “We are worried Abuja is not even safe. It is no longer politics. We got alert of plots to bomb and burn down our airports.
“We urge the federal government to declare a national state of emergency in security. There is the need to call a national conference to discuss the insecurity in the country.
“There may not be any election in 2023 in Nigeria due to insecurity. This government must listen to the people. The Buhari government should call a national confab to discuss security and state of the nation. It is no longer politics. This time we are not playing politics. Let’s keep politics aside and move the nation forward.”
He said the country had been grounded, regretting that there had been no matching response from the federal government.
Secondus said in the past, terrorism in the North was confined to the North-east, but with the report of Boko Haram occupying villages in Niger State, terrorism had spread to the North-central
“Herdsmen are also menacing in the West; gunmen causing havoc in the East; and the militants in the South; all killing, looting, raping, maiming and burning down homes. The situation is bad; Nigerians all over are living in fear,” he said.
The Senate Minority Leader, Senator Enyinnaya Abaribe, said the problem of Nigeria was outside of the PDP headquarters, while pledging the support of the Senate to the declaration of state of emergency in security.
Abaribe said he deliberately decided not to speak on the floor of the Senate but to allow the APC senators to speak so as to avoid being accused of giving a partisan colouration to the issue of insecurity.
He stated that only electoral reforms would give victory to the opposition party in the 2023 general election and ensure a democratic defeat of the APC-led federal government.
Also, the Minority Leader of the House of Representatives, Hon. Ndudi Elumelu, commended the NEC and the PDP leadership for their collective efforts at resolving the House leadership crisis.
The NEC meeting adopted the position of Secondus, calling on the federal government to convoke a national conference to discuss the state of insecurity in the country, according to a communiqué read by the National Publicity Secretary, Mr. Kola Ologbondiyan.
Army Chief Vows to Wipe Out Boko Haram
The army yesterday reiterated its commitment to wipe out Boko Haram.
Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, told reporters in Maiduguri, Borno State that Boko Haram had been defeated in many encounters and would continue to be defeated until it’s annihilated from Nigeria.
“We will take on Boko Haram decisively, and we are committed to the focus of the operations, which is the total annihilation of Boko Haram from Nigeria,” he said.
The COAS, who was visiting the headquarters of Operation Lafiya Dole in Maiduguri for the fifth time since his appointment four months ago, said the visit was to boost the morale of the troops, reassure them and listen to any issues affecting them.
Earlier, the Theatre Commander of Operation Lafiya Dole, Maj. Gen. Farouq Yahaya, lauded the visit, which he said had continued to boost the morale of the troops.
“We are honoured, we are grateful, we are encouraged by those visits. You provided us guidance, logistics and other things we required. We are most grateful for those visits,” Yahaya said.
State of Emergency Won’t Solve Security Challenges, Says Masari
Katsina State Governor, Hon. Aminu Masari, has, however, said declaration of a state of emergency won’t solve the security challenges facing the nation.
Masari, who spoke yesterday with journalists after meeting with the Chief of Staff to the President, Prof. Ibrahim Gambari at the State House, Abuja stated that he was against the recent call by the House of Representatives for the declaration of a state of emergency in the security sector as it would not solve the problem.
According to him, declaring a state of emergency will not achieve the desired effect as the security structure and personnel to be used to execute the emergency are already overstretched in a bid to safeguard lives and property.
Sourced From: THISDAYLIVE
Tribune
Nigeria records 55 new COVID-19 infections, total now 165,110
Tribune Online
Nigeria records 55 new COVID-19 infections, total now 165,110
The Nigeria Centre for Disease Control (NCDC) has recorded 62 new cases of COVID-19, bringing the total number of infections in the country to 165,110. The NCDC disclosed this on its official Twitter handle on Friday. “55 new cases of #COVID19Nigeria; Lagos-21, Yobe-19, Ogun-6, Akwa Ibom-3, Kaduna-2, Plateau-2, FCT-1, Rivers-1.” YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE COVID-19: Nigeria Recorded […]
Nigeria records 55 new COVID-19 infections, total now 165,110
Tribune Online
Sourced From: Tribune Online
Premium Times
Insecurity: Lagos bans occupation of abandoned buildings
The government said that no worker should stay back beyond 6:00 p.m. within premises of buildings undergoing construction.
The post Insecurity: Lagos bans occupation of abandoned buildings appeared first on Premium Times Nigeria.
Sourced From: Premium Times Nigeria
The Nation
UFC: Usman gets N584m after beating Masvidal
Kamaru Usman has raked in a mammoth £1.1million, about N584.2 million after his impressive knockout victory over Jorge Masvidal on Saturday night, Sportivation.com.ng reports.
The Nigerian Nightmare has been handsomely rewarded for his stunning performance and he was the best-paid fighter on the card which was witnessed by 15, 000 fans in Florida.
According to Daily Mail, Usman earned £538,000 to show up, £459,000 pay-per-view bonus, a £43,000 sponsorship bonus and a well deserved £35,000 Performance of the Night bonus.
Jorge Masvidal also earned £358,000 to show, £186,000 in pay-per-view money and a £28,000 sponsorship bonus.
This is the biggest payday of Usman’s career so far and the Welterweight champion also benefited from the fact that Masvidal is also a top draw for the fans.
Kamaru Usman is a Nigerian-American professional mixed martial artist, former freestyle wrestler and graduated folkstyle wrestler.
Sourced From: Latest Nigeria News, Nigerian Newspapers, Politics