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IGP speaks on Boko Haram ‘threat’ in Abuja, Jos

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The acting inspector-general of police (IGP), Usman Alkali Baba has stated that the force is prepared to deal with any threat to lives and property in the federal capital territory (FCT) and Plateau state.

According to police boss, the residents of both states can go about their businesses without panic.

This is coming in the wake of a circular in which he directed commissioners of police in the FCT and Plateau to beef up security following alleged plans by Boko Haram insurgents to attack major cities.

In a statement issued on Friday, the IGP said citizens should see the alert as a “re-assurance of the intelligence depth capacity and operational preparedness of the Nigeria Police”.

“The IGP’s directive, which is a deliberate, intelligence-driven and proactive measure, is designed to prepare the law enforcement community for comprehensive response to any threat to lives and property,” the statement reads.

“The IGP noted that the security alert, rather than becoming a source of panic to the citizens, should instead send a message of re-assurance to them about the intelligence depth capacity and operational preparedness of the Nigeria Police to preemptively deal and contain any threat to public peace and security.”

Baba added that the alert does not suggest that there is an imminent attack in the two states.

“The Police High Command therefore calls for calm, urging citizens to go about their normal activities with renewed sense of vigour, patriotism and vigilance as the Police continue to work with other relevant stakeholders to keep our public space safe,” the statement added.





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Malawi’s UK based female Afro-beat artist CrazyLi to drop mother’s day tune,” Mama” – The Maravi Post

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UK based female Afro-beat artist CrazyLi

By Chisomo Phiri

BLANTYRE-(MaraviPost)-As part of celebrating Mother’s Day which falls on October 15 every year, UK based female Afro-beat artist Lissa Mikana popularly known by her stage name CrazyLi is set to drop a special mother’s day tune titled “Mama” on Wednesday, October 13, 2021.

In a separate interview, Mikana said the song is all about appreciating mother’s love during this mother’s day cerebration.

”A mother is a very important person in life and deserves love and attention all the time. This song is all about appreciating mothers for the good moments they do in our lives. I hope many will enjoy it as well just as it has good message. Let us show love to our mothers and make them feel they are not alone”, said Mikana.

She said the song is both Audio and video that has been shot in United Kingdom( UK) and Malawi.

“I will release both video and audio of the song. I have done the Video in UK and Malawi and it is a great Video people will enjoy watching” she said.

The Tseketseke hit maker revealed that she is also working on her new Extend Playlist ( EP) which will be released on her birthday this year.

“This is a year to drop more and good music. I promise my music followers to give them best music of their choice. Currently, I am also working on my new EP which I will drop on my birthday this year, just get prepared”, said Mikana.

Asked on who inspires her in music, Mikana said her mother who is a gospel singer Mrs. Florence Massea inspires her a lot and wish to be like her in a near future.

“I always feel inspired by my mother Florence Massea. She is a very good gospel singer and she me a lot. I love listening to her gospel song and wish to be like her in future ” tetezeni”.

Mama Audio is being produced by Pon G and the Video by VJ Ken

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Pandora Papers: Malawi’s First Capital Bank owner Hetesh Anadkat banked his money beyond tax collectors – The Maravi Post

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First Capital Bank owner Hetesh Anadkat is one of the most high profile Malawians named in the leak

BY GOLDEN MATONGA & GREGORY GONDWE

Hetesh Anadkat, one of the richest Malawians and owner of First Capital Bank, runs offshore accounts in tax havens beyond the reach of Malawi’s tax authorities, The Pandora Papers, the biggest leak of documents on financial secrecy has revealed.

The Pandora Papers— an investigation by the International Consortium for Investigative Journalists (ICIJ) and partners across the global including Malawi’s Platform for Investigative Journalism (PIJ) and Nation Publications Limited—lays bare the global entanglement of political power and secretive offshore finance.

Based upon the most expansive leak of tax haven files in history, the investigation reveals the secret deals and hidden assets of more than 330 politicians and high-level public officials in more than 90 countries and territories, including 35 country leaders. 

Ambassadors, mayors and ministers, presidential advisers, generals, and a central bank governor appear in the files.

Several global leaders, celebrities, criminals, and business persons have been named in the cache of documents received by the ICIJ which have been shared with its partners and among the Malawi-connected individuals, some of the highest-profile include businessman Hetesh Anadkat and wife Meeta.

The Anadkat family is the owner of First Capital Bank and has stakes in other companies in the country and beyond including Letshego Holdings is a microfinance holding headquartered in Gaborone, Botswana.  

Others found in the leaked data are business persons whose dealings with Malawi government in particular had been subject of corruption investigations for years.

Hitesh and Meeta Anadkat, whose family owns First Capital Bank, is revealed to have been joint owners of a company called Reid International Limited incorporated in British Virgins Island (BVI), a tax haven, in 2010.

First Capital Bank owner Hetesh Anadkat is one of the most high profile Malawians named in the leak

The documents show Reid International Ltd made payments to Premier Capital (Mauritius) Ltd which owns First Capital Bank. In 2014, Reid International Ltd borrowed $750,000 from Falcon Private Bank in Zurich, Switzerland, the documents further indicate.

According to a 2010 letter from Clariden Lieu Bank, Meeta and Hitesh Anadkat had a bank account with CLARIDEN LEU, a private bank in the United Kingdom.

In registering the company, Reid International Ltd used nominee shareholders and directors, a tactic used by company owners seeking to hide ownership or avoid tax obligations, according to finance and tax officials ICIJ spoke to.

Anadkat, one of Malawi’s richest businessman in an interview said his use of shell company or offshore accounts was necessitated by the needs of doing business across the world.

In 2017, the previously Malawi Stock Exchange (MSE)– Listed FMB (before rebranding to First Capital Bank) disclosed intentions to transfer their shares in FMB to Mauritian based FMB Capital Holdings Plc (FMBCH), a move the will see the FMBCH listing on the MSE and FMB delisting on MSE.

Mauritius is regarded as a tax haven and had just signed tax treaty with Malawi. FCB was also just following a trend by other companies on the continent including Malawi Mangoes. 

Malawi Mangoes was incorporated in the United Kingdom in 2009, according to financial records filed in London. This U.K. entity was dissolved in 2015. By then, Malawi Mangoes had incorporated two companies in Mauritius (in 2012 and 2013), under the island’s global business system. In other words: Mauritius didn’t facilitate the company’s entrance into Malawi. It had already happened.

The ICIJ documents suggest the Anadkat family—the owners of the bank—has been benefiting from tax havens longer.

In an interview, Anadkat, however, refused to comment on whether he had received tax advice and decided to open the accounts to pay less tax to Malawi authorities.

He insisting he was among the highest taxpayers to Malawi.  “I pay my taxes to Malawi. I perhaps pay the highest taxes in Malawi. It’s how the international system works, I have international companies and I have offshore accounts. I cannot give you more insights than you have,” he said in an interview.

“I have not done anything illegal. I have a British passport. I am a legitimate businessman. I don’t see the need why I should be which are often is used to obscure the ownership of a shell company,” said Anadkat.

Tax havens allow the rich to get away with paying little taxes which means the poor end up picking up the shortfall in government revenue through punitive tax regimes, according to experts.

Rachel Etter-Phoya, a Researcher working for the Tax Justice Network (TJN) in an interview argued that the veil of secrecy provided by tax havens and shell companies aid companies to milk the country while paying back little in returns.

“Malawi’s Registrar General must have the legal mandate to collect and verify information on who really owns and benefits from the activities of companies and trusts. We have a new order in Malawi that is set out to help small businesses, and businesses owned by women, young people and people with disabilities to supply goods and services to government,” said Etter-Phoya.

She adds: “Yet without knowing the ultimate beneficial owners and without having adequate sanctions for those who lie on declarations, dishonest big businesses may just use other people to front companies.” 

An ICIJ analysis of the secret documents identified 956 companies in offshore havens tied to 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others. More than two-thirds of those companies were set up in the British Virgin Islands, a jurisdiction long known as a key cog in the offshore system.

At least $11.3 trillion is held “offshore,” according to a 2020 study by the Paris-based Organization for Economic Cooperation and Development. Because of the complexity and secrecy of the offshore system, it’s not possible to know how much of that wealth is tied to tax evasion and other crimes and how much of it involves funds that come from legitimate sources and have been reported to proper authorities.

The Pandora Papers investigation unmasks the covert owners of offshore companies, incognito bank accounts, private jets, yachts, mansions, even artworks by Picasso, Banksy, and other masters – providing more information than what’s usually available to law enforcement agencies and cash-strapped governments.

People linked by the secret documents to offshore assets include India’s cricket superstar Sachin Tendulkar, pop music diva Shakira, supermodel Claudia Schiffer and an Italian mobster known as “Lell the Fat One.”

The Pandora Papers investigation is larger and more global than even ICIJ’s landmark Panama Papers investigation, which rocked the world in 2016, spawning police raids and new laws in dozens of countries and the fall of prime ministers in Iceland and Pakistan.

The Panama Papers came from the files of a single offshore services provider: the Panamanian law firm Mossack Fonseca.

The Pandora Papers shine a light on a far wider cross-section of the lawyers and middlemen who are at the heart of the offshore industry.

The Pandora Papers provide more than twice as much information about the ownership of offshore companies. In all, the new leak of documents reveals the real owners of more than 29,000 offshore companies.

The owners come from more than 200 countries and territories, with the largest contingents from Russia, the U.K., Argentina and China.

Source: https://investigativeplatform-mw.org

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Malawi’s Parliamentary conservation caucus wants Kenyatta road construction be stopped for flouting law – The Maravi Post

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By Dorica Mtenje

LILONGWE-(MaraviPost)-Malawi Parliamentary Conservation Caucus (MPCC) in collaboration with Movement For environmental Action (MEA) has urged Malawi Environmental Protection Authority (MEPA) to cease Kenyatta drive road activity until the proper diligent Environmental Social Impact Assessment (ESIA) is done with transparency.

The two want the process to follow proper procedure and must map way forward with all relevant authorities.

MPCC Chairperson Welani Chilenga told journalist in Lilongwe on Tuesday during the media briefing on environmental and social justice.

Chilenga said the six lane road has cause the cutting down of tress carelessly hindering the environment.

“For accountability of the failure of the Roads Authority officials and consultants to respect procedures whether deliberately or by negligence,let the law take its course,” said Chilenga.

He said failure for MEPA to stop the construction project MPCC will use its power invested in them .

Chilenga said currently the construction has caused the cutting down of almost 1000 trees

Concurring with MPCC chairperson, MEA Environmental Assistant said if not law are to be implemented environment will be preserved.

MPCC was established in 2015 deliberately to deal with issues without following parliament procedures.

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