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BRICS reserve currency banknote features the word ‘Nigeria’ written in Hausa, sparking criticism.

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A mock-up of the upcoming BRICS currency was unveiled at the alliance’s summit in Kazan, Russia, with Russian President Vladimir Putin prominently displaying the ‘BRICS bill.’

This marks the first public presentation of the new currency, generating significant interest among member nations.

In his address, Putin acknowledged the ongoing dominance of the US dollar in global finance but criticized its use as a political weapon, arguing that such practices undermine trust in the currency.

At the summit, Putin also proposed the establishment of a BRICS-based grain exchange.

He emphasized that many BRICS countries are major producers of grain, vegetables, and oilseeds, and suggested that the exchange could facilitate fair pricing and enhance global food security.

‘A number of BRICS countries are among the world’s largest producers of grain, vegetables, and oilseeds.

‘We propose opening a BRICS grain exchange, which would facilitate the formation of fair and predictable price indicators for products and raw materials, taking into account their special role in ensuring food security.’

The initiative aims to leverage the agricultural strengths of BRICS nations to create a more balanced and transparent market for essential commodities.

Notably absent from the summit were Nigerian President Bola Ahmed Tinubu and Vice President Kashim Shettima, raising questions and tensions among Nigerians on social media regarding their absence.

Although neither leader was present, the Nigerian flag was featured in the new currency design, igniting debate among citizens.

Journalist David Hundeyin, @DavidHundeyin highlighted a contentious detail on X: the proposed BRICS reserve currency banknote features the word ‘Nigeria’ written in Hausa, sparking criticism.

Hundeyin remarked that this choice reflects a lack of representation for Nigeria’s official language and suggests that the current Tinubu administration may be sidelined from BRICS initiatives.

‘Nigeria, for some reason, is apparently skipping the ongoing 2024 BRICS summit entirely. Nobody is representing Nigeria in Kazan. Not the president, not the VP, not the foreign minister, nobody.

‘This is a huge statement for a summit that basically every consequential president in the Global South is attending in person’, Hundeyin said.

Responses from Nigerians on social media varied, with some, like Abubakar Buba, suggesting that BRICS might prefer native languages over English.

Others like Aganji Adeyemi, @Olasunkanmiiiii argued that using indigenous languages is essential for Nigeria’s identity and independence, with calls to replace English as the official language with Pidgin or Hausa to reflect the nation’s cultural diversity.


As discussions continue, the summit underscores both the aspirations and challenges facing the BRICS alliance as it seeks to strengthen its global influence.

 

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US says it will not limit arms transfers to Israel after some aid improvements to Gaza

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Palestinians gather at the site of an Israeli strike in the courtyard of the Al-Aqsa Hospital where displaced people live in tents, in Deir al-Balah, Gaza Strip, Nov. 9, 2024 © Abdel Kareem Hana/Copyright 2024 The AP. All rights reserved.
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The Biden administration said on Tuesday that Israel made good but limited progress in increasing the flow of humanitarian aid to Gaza, and that it therefore would not limit arms transfers to Israel as it threatened to do a month ago.

However, relief groups say conditions are worse than at any point in the 13-month-old war.

State Department spokesman Vedant Patel said on Tuesday the progress to date must be supplemented and sustained but that “we at this time have not made an assessment that the Israelis are in violation of US law.”

This law requires recipients of military assistance to adhere to international humanitarian law and not impede the provision of such aid.

“We are not giving Israel a pass,” Patel said, adding that “we want to see the totality of the humanitarian situation improve, and we think some of these steps will allow the conditions for that to continue progress.”

The decision from the U.S. — Israel’s key ally and largest provider of arms and other military aid — comes despite international aid organizations declaring that Israel has failed to meet U.S. demands to allow greater humanitarian access to the Gaza Strip. Hunger experts have warned that the north may already be experiencing famine.

The Biden administration last month set a deadline expiring Tuesday for Israel to “surge” more food and other emergency aid into the Palestinian territory or risk the possibility of scaled-back military support as Israel wages offensives against Hamas in Gaza and Hezbollah in Lebanon.

 The obstacles facing aid distribution were on this display this week. Even after the Israeli military gave permission for a delivery to the northernmost part of Gaza — virtually cut off from food for more than a month by an Israeli siege — the United Nations said it couldn’t deliver most of it because of turmoil and restrictions from Israeli troops on the ground.

In the south, hundreds of truckloads of aid are sitting on the Gaza side of the border because the U.N. says it cannot reach them to distribute the aid — again because of the threat of lawlessness, theft and Israeli military restrictions.

Israel has announced a series of steps — though their effect was unclear. On Tuesday, it opened a new crossing in central Gaza, outside the city of Deir al-Balah, for aid to enter.

It also announced a small expansion of its coastal “humanitarian zone,” where hundreds of thousands of Palestinians are sheltering in tent camps. It connected electricity for a desalination plant in Deir al-Balah.

Eight international aid organizations, meanwhile, said in a report Tuesday that “Israel not only failed to meet the U.S. criteria” but also took actions “that dramatically worsened the situation on the ground, particularly in Northern Gaza. … That situation is in an even more dire state today than a month ago.”

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Constituents push for Senator’s recall over alleged involvement in banditry

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Senator Shehu Umar Buba represents Bauchi South Senatorial District under the All Progressives Congress (APC). [Facebook] ©(c) provided by Pulse Nigeria © Pulse Nigeria
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The Senator’s recent appointment as Chairman of the Senate Committee on National Security and Intelligence has attracted fierce criticism.

Senator Shehu Buba, representing Bauchi State’s South Senatorial District, is facing intense scrutiny and backlash following allegations linking him to terror suspects in Northern Nigeria.

The Department of State Services (DSS) is investigating his potential involvement with wanted terrorists, while his constituents are mobilising for a historic recall.

Buba, once a respected figure in Bauchi politics, is under fire after being connected to Abubakar Idris, a known terrorist arrested in August 2024.

Idris’s arrest reportedly implicated Buba, sparking outrage among his constituents, who are demanding accountability and the senator’s removal.

READ ALSO: US told to issue visa ban to Nigerian Senator linked to terror suspect

A formal recall process has been initiated, with registered voters in his district pushing for a referendum to remove him from office.

“This is a matter of national security. We cannot have someone with such affiliations in office,” one constituent declared, according to reports.

The recall movement is gaining momentum as more people sign a petition to trigger the process. If successful, the Independent National Electoral Commission (INEC) will be required to conduct a referendum, potentially marking the first time a sitting senator is removed by his constituents.

Buba’s woes deepened with revelations about his origins. Despite claiming to represent Bauchi, investigations show he hails from Plateau State, raising questions about his legitimacy.

An anonymous community leader expressed frustration, stating, “We thought he was one of us, but he’s not even a Bauchi indigene.”

READ ALSO: Senator Buba fires back at Bauchi Gov over banditry allegation

Buba’s political rise has been controversial. After moving to Bauchi in 2001, he built connections through family ties and political maneuvering, eventually securing a position as the Caretaker Chairman of Toro Local Government.

His success in politics, including his controversial senatorial nomination in 2022, has raised doubts about his integrity. Critics argue that his rise was influenced by powerful figures, including former Vice President Atiku Abubakar and former Bauchi Governor Isa Yuguda.

Buba’s recent appointment as Chairman of the Senate Committee on National Security and Intelligence has attracted fierce criticism. Political analysts argue that it is dangerous to have someone with such alleged links to terrorism overseeing national security matters.

“This is a grave error,” one analyst stated. “It’s a dangerous gamble to have him in charge of national security.”

With growing discontent, Buba has been noticeably absent from public events, fueling speculation that he is avoiding the backlash from his constituents. His dwindling visibility only adds to the tension, as many believe he is distancing himself from the growing outrage.

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Europe wants to strike Russia

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Europe wants to strike Russia © Pixabay
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The European Union should directly use $300 billion of frozen Russian assets to finance the recovery of war-torn Ukraine, according to Kaja Kallas, the candidate for the EU’s top foreign policy post.

Ms. Kallas, the former Estonian prime minister nominated for the post of EU high representative, said member states should abandon any doubts about the direct use of these assets, citing Kiev’s “legitimate claims” on these funds, following Russia’s invasion.

President Volodymyr Zelenskyy said Ukraine knew how to use Russia’s frozen assets. He proposed transferring the entire $300 billion to Kiev. “Frankly, these are Ukrainian funds,” he said.

According to World Bank estimates, by the end of 2023, Ukraine’s total economic, social and financial losses due to the war will amount to $499 billion.

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