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PULSE LISTS: Biggest Political Controversies of 2024 in Nigeria

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PULSE LISTS: Biggest Political – The year 2024 has…

The year 2024 has been marked by a series of political controversies that have captured the attention of Nigerians and the international community alike. 

From heated debates in the National Assembly to disputes over government policies, these events have shaped public discourse and influenced the nation’s political landscape. As Nigeria continues its journey towards democratic maturity, these controversies reveal the complexities of governance in a diverse and dynamic society.

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This list delves into the five most significant political controversies of the year, highlighting their origins, the key players involved, and the ripple effects on the political climate.

Each controversy reflects the challenges faced by a nation striving to balance competing interests, uphold the rule of law, and address pressing socioeconomic issues. 

1. Rivers State Crisis (Master-Protege War)

It is no news that the Rivers State crisis is Nigeria’s most controversial political rift involving Governor Siminalayi Fubara and ex-Governor Nyesom Wike in what would be termed a master protege war.

The two went at it when Wike alleged that his one-time protege was trying to strip him of his political standing and structure.

Things went south when mass defections from the People’s Democratic Party (PDP) to the All Progressives Congress (APC) by 27 lawmakers in Rivers State sparked widespread legal and political contention.

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Under Section 109(1)(g) of the Constitution, such defections require lawmakers to vacate their seats unless a national party division is evident. This breach led to calls for by-elections and underscored the fragility of Nigeria’s party loyalty framework.

In October 2024, before the defection pandemic, an arson attack on the Rivers State House of Assembly added a violent edge to the state’s political unrest.

The incident, perceived as a symbol of escalating tensions between political factions, highlighted the potential for violence to undermine governance.

Investigations into the attack remain ongoing, with many linking it to the broader fallout between Governor Fubara and his predecessor, Wike.

The feud reached a fever pitch when Governor Siminalayi Fubara presented a contentious budget to only four lawmakers in the Rivers State House of Assembly. This move led to the suspension of federal revenue allocations by judicial order.

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Critics argued this decision favoured factions loyal to former Governor Nyesom Wike, intensifying the political rift.

Calls for judicial independence and transparency dominated this dispute, with local and international stakeholders advocating constitutional adherence. As it stands, the feud is likely to continue into 2025.

2. Tax Reform Bills – Tinubu vs Northerners

The most contentious issue in Nigeria currently revolves around President Bola Tinubu‘s push for fiscal reforms to boost government revenue and promote equitable wealth distribution. This initiative led to the establishment of the Fiscal Policy and Tax Reforms Committee in August 2023.

Taiwo Oyedele leads the committee, which is comprised of private and public sector experts. The President tasked the committee with developing a comprehensive report addressing tax reform, fiscal policy design and coordination, tax harmonisation, and revenue administration, among other priorities.

Following months of extensive consultations with stakeholders nationwide, the committee presented its recommendations, culminating in the controversial Tax Reform Bills. These four bills, transmitted to the National Assembly in September, encapsulate Nigeria’s taxation and tax administration framework under distinct legislative provisions.

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However, the bills have sparked significant controversy. Nineteen governors from the northern region have expressed strong opposition, joined by lawmakers from the same region in both the Senate and House of Representatives. This widespread dissent has ignited intense deliberations within the National Assembly, further deepening the divide among stakeholders.

3. Alleged Corruption in Judiciary

The Nigerian judiciary is under heightened scrutiny after revelations that Nyesom Wike, the Minister of the Federal Capital Territory (FCT) and former Rivers State governor, plans to construct 40 housing units for judicial officers in Abuja.

Critics contend that this initiative could undermine judicial independence and erode public confidence in the integrity of the nation’s legal system. Adding to these concerns is the ongoing feud between Rivers State Governor Sim Fubara and Wike, which has cast further doubts on the judiciary’s impartiality.

Conflicting court rulings on jurisdiction have intensified fears of political interference in legal proceedings. Wike’s announcement of the housing project has sparked additional controversy.

The FCT Minister described the initiative as part of President Tinubu’s Renewed Hope Agenda, aimed at enhancing the welfare of judicial officers. Wike disclosed that 70% of the project’s funding, including furnishing costs, has already been secured, with construction expected to be completed within 15 months. 

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The controversy even got messier when human rights lawyer Dele Farotimi accused senior lawyer Afe Babalola (SAN) of procuring judgment at the Supreme Court in his 2024 book, ‘Nigeria and Its Criminal Justice System.’

Farotimi has since been arrested and charged to court for defamation, an offence decriminalised in Lagos State, where the book was published.

4. Edo, Ondo State Gubernatorial election

Controversies marred the 2024 Edo and Ondo gubernatorial elections, raising significant questions about the electoral process in Nigeria. 

In Ondo State, the electoral climate was similarly contentious, marked by accusations of vote buying and intimidation.

The recurring nature of these issues suggests a systemic problem within Nigeria’s political framework, where power struggles often overshadow the voters’ mandate. Addressing these challenges is vital for fostering transparent and credible elections in the future.

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5. Kano State Emirship Dispute

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VIDEO: Young Woman Allegedly Killed by Gospel Singer Laid to Rest

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VIDEO: Young Woman Allegedly Killed by Gospel Singer Laid to Rest

The remains of Salome Adaidu, allegedly murdered by gospel singer Timileyin Ajayi, have been interred amid an outpouring of grief.

The sombre burial ceremony, captured in a viral video, showed mourners weeping as her body was laid to rest on Monday night.

Ajayi, who gained popularity as a gospel artist and motivational speaker, was apprehended in Nasarawa after being caught with Adaidu’s severed head concealed in a polythene bag.

The grim discovery occurred on Sunday in Agwan Sarki, Orozo, near the Federal Capital Territory (FCT).

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How police arrested Salome’s killer

VIDEO: Young Woman Allegedly

Authorities revealed that an intelligence tip-off led security agents to an uncompleted building where the suspect was arrested.

During interrogation, Ajayi confessed to the crime, claiming a heated altercation with Adaidu led to her death.

“We fought, and she tried to stab me with a knife,” he stated in a now-viral video.

The Killer’s confession

Ajayi, who released his album God of the Earth in 2020, further admitted that the rest of Adaidu’s body was at his residence, prompting authorities to intensify their investigation into the incident.

The chilling case has sparked public outrage, with many calling for swift justice.

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Meanwhile, security agencies are working to piece together the events surrounding Adaidu’s tragic death.

This shocking crime has drawn widespread attention, leaving the community grappling with the devastating loss of a young life.

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Is Atom Capital the Future of Tech Businesses?

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The rise of powerful AI is reshaping the landscape of digital organizations, bringing unprecedented prospects for efficiency, innovation, and profitability. Businesses looking to prosper in this cutthroat market must grasp how to make the most of AI bots as more and more industries adopt these technologies. 

Specifically, AI trading bots are a game-changing innovation in the finance industry that allows businesses to maximize profits and optimize trading methods. This essay looks at how companies might use AI trading bots, in particular, to take advantage of breakthrough AI technology to increase revenue and spur expansion. 

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The Role of AI Bots in Maximizing Advanced AI Usage

Artificial intelligence (AI) bots like the-atom-capital.com/id are specialized software programs created to automate processes, analyze data, and carry out trades or other operations with the least amount of human involvement. By utilizing cutting-edge AI, these bots can learn from enormous volumes of data, spot trends, and make deft decisions instantly. Businesses may greatly increase their productivity and decision-making processes by implementing AI bots.

Automating Repeated Operations

Artificial intelligence bots  like Atom Capital automate tedious jobs, allowing human workers to concentrate on strategic projects. For example, AI chatbots in customer care answer standard questions, freeing up employees to deal with more complicated client requests. Businesses can distribute resources more efficiently as a result of this automation, which also improves customer happiness and operational efficiency.

Enhanced Data Analysis

AI bots like Atom Capital are particularly good at handling and evaluating big datasets. They can spot patterns and irregularities that human analysts would miss. By using these insights, companies may more rapidly and effectively respond to client requests and market changes by making data-driven decisions. Retail companies, for instance, can use AI bots to better manage inventory and study customer behavior, which will save costs and boost sales.

An Introduction to AI Trading Bots

As a direct result of advances in AI technology, the financial sector has seen the rise of AI trading bots. These bots autonomously manage portfolios, conduct trades, and analyze market data. AI trading bots  like Atom Capital can optimize trading tactics based on past data and adjust to market volatility by utilizing machine learning algorithms. 

Enhanced Rapidity and Effectiveness

AI trading bots are capable of operating at speeds much faster than humans. They can take advantage of momentary market opportunities by executing deals in milliseconds. Businesses may refine their trading tactics thanks to this speed, which helps them stay competitive in the quick-changing financial landscape.

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Data-Based Decision Making

Complex algorithms that examine current market circumstances, past trends, and other pertinent data are used to create AI trading bots. Businesses can increase their chances of success by making well-informed trading decisions by utilizing this information. Reducing emotional biases that might impair judgment through the use of AI in trading also results in better logical investment methods. 

Maximizing Profits with AI Trading Bots

Businesses need to implement particular tactics that increase their profitability if they want to fully utilize the potential of AI trading bots like Atom Capital. Here are some essential strategies to use these cutting-edge instruments to optimize profitability.

Improve Your Trading Methods

Based on the information produced by AI trading bots, businesses should constantly improve their trading tactics. They can enhance trading results by looking at historical performance and making adjustments to algorithms. Conducting routine backtests of methods using historical data can yield important insights regarding possible modifications.

Investment Portfolio Diversification

AI trading bots like Atom Capital can efficiently diversify investment portfolios for corporations by managing many assets at once. Businesses can lessen the impact of market volatility on their overall performance by diversifying their risk across a range of assets. This diversification approach raises the probability of yielding steady-state returns.

Put Risk Management Procedures into Practice

With AI trading bots, maximizing earnings requires effective risk management. To reduce possible losses, businesses should use stop-loss orders and clearly defined risk boundaries. Artificial intelligence (AI) bots can constantly analyze market circumstances and modify trading tactics to keep risks within reasonable bounds.

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How to Register on an AI Trading Bot System?

With AI trading bots, getting started is a simple procedure. Here’s how to sign up for an AI trading bot platform step-by-step.

1. Select a Reputable Source

Investigate other AI trading bot systems first. To choose a reliable supplier, check customer reviews, performance data, and ratings. Popular platforms frequently contain features like intuitive user interfaces, solid safety features, and advanced analytical capabilities.

2. Register for an Account

After deciding on a platform, go to its website and register for an account. Giving basic personal information like your name, phone number, and email address is usually required for this. To safeguard your account, choose a strong password.

3. Confirm Your Identity

To abide by regulations, the majority of trading platforms demand identification verification. Get ready to upload proof of identity documents, like a driver’s license or passport, and maybe a utility bill to confirm your address.

4. Add Money to Your Account

You will need to deposit into your trading account after verification. The majority of platforms include a range of payment methods, such as credit cards and bank transfers. To fund your account, make sure you are aware of the minimum deposit requirements.

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5. Configure Your Bot for Trading

Once the account is funded, go to the trading bot part of the platform. The majority of platforms offer simple-to-follow setup instructions for your bot. Depending on your investing objectives and risk tolerance, you can select from pre-built methods or create your own. 

6. Examine and Modify

You should always keep an eye on your AI trading bot’s performance after it has been launched. Examine trading performance and tweak your tactics as necessary to maximize your gains. You can easily monitor your bot’s performance thanks to the real-time reporting and analytics options that many platforms offer. 

Real Benefits of Advanced AI for Bigger Revenues

Advanced AI has several advantages for tech companies beyond trading. Businesses that incorporate AI into their operations stand to gain significantly from increased income in several ways.

Improved Client Relationship

AI-powered technologies can analyze client data and offer individualized services. AI can be used by businesses to enhance customer service, optimize marketing efforts, and make product recommendations. Through customized experiences, businesses may boost consumer happiness and encourage recurring business.

Enhanced Efficiency in Operations

AI automation lowers operating expenses by optimizing workflows and reducing mistakes. Companies can improve resource allocation, cut down on production downtime, and optimize supply chain management. Higher profit margins and cost reductions are the results of this efficiency.

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Analytics for Predictive

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Nigerians be warned as NAFDAC declares popular market hub of fake drinks

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The National Agency for Food and Drug Administration and Control (NAFDAC) has declared Eziukwu Market, popularly known as Cemetery Market in Aba, Abia State, a hub for the production and distribution of fake and substandard drinks and beverages.

During a raid on Tuesday, December 17, Mr Martins Iluyomade, Director of NAFDAC’s South-East Zone, described the illegal activities in the market as “weapons of mass destruction.”

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He lamented the persistence of these operations despite a major crackdown in December 2023.

“It is baffling that individuals remain recalcitrant and determined to make money at the expense of the lives of their fellow citizens,” Iluyomade stated.

He added that market leaders, who previously signed an undertaking with NAFDAC to identify and expose perpetrators, “now have serious questions to answer.”

The raid uncovered a shocking variety of fake and adulterated products, including wines, whiskey, yogurt, carbonated drinks, dry gin, chips, and other beverages. These items were either produced in unsanitary conditions or re-labelled with new dates after expiration.

Iluyomade expressed deep concern over the volume of expired products being re-validated and warned consumers to be vigilant about the items they purchase.

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“Consumers must remain cautious to avoid endangering their health,” he advised.

The agency affirmed its commitment to revisiting agreements with the market’s leadership to curb the illegal trade and protect public health.

This operation highlights NAFDAC’s ongoing fight against counterfeit products and serves as a warning to those engaging in such activities.

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