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Argentine President, Milei under impeachment threat over crypto scandal

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Argentine President Javier Milei is under impeachment threat and legal action accusing him of fraud over his promotion of cryptocurrency on social media

Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups

He shared a link to buy it, causing its price to shoot up. But within a few hours, he deleted his post and the cryptocurrency nosedived in value, losing investors most of their money.

Some opposition members of Congress say they plan to start proceedings to impeach Milei. Meanwhile, lawyers filed complaints of fraud in Argentina’s criminal court on Sunday.

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Some people online have accused Milei of what is known as a “rug pull” – where promoters of a cryptocurrency draw in buyers, only to stop trading activity and make off with the money raised from sales. They pointed out that the link used to buy the coins referenced a phrase the president uses in his speeches.

But Argentina’s presidential office said on Saturday that the decision to remove the post was to avoid “speculation” following public reaction to the launch of the cryptocurrency.

It said Milei was not involved in the cryptocurrency’s development, and that the government’s Anti-Corruption Office would investigate and determine whether anyone had acted improperly, including the president himself.

Jonatan Baldiviezo, one of the plaintiffs who filed the legal action, told Associated Press “the crime of fraud was committed, in which the president’s actions were essential”.

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Milei’s political opponents have jumped on the opportunity.

Former President Cristina Fernández de Kirchner, who is now in opposition, was heavily critical, calling him a “crypto scammer” in a post seen 6.4 million times.

For its part, the country’s main opposition coalition said it would file a request to impeach the president, calling it an “unprecedented scandal”.

Esteban Paulón, a member of the opposition Socialist Party, said in a post on X that he would also request the start of impeachment proceedings

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President Tinubu endorses bills establishing varsities in Osun, Ekiti

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By Kayode Sanni-Arewa

President Bola Tinubu on Thursday, February 20, 2025, endorsed to two bills establishing the Federal University of Agriculture and Development Studies, Iragbiji in Osun State, and the Federal University of Technology and Environmental Sciences, Iyin Ekiti, Ekiti State.

He said these specialised institutions will address the educational needs of the populace while driving research and innovation and contributing to the country’s overall economic growth and development.

He said the institutions will serve as training grounds for developing agriculture, science and technology professionals and enhancing Nigeria’s competitiveness in the global economy.

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According to the National Universities Commission (NUC), Nigeria currently has 63 approved federal universities, 63 State universities, and 149 private universities.

On February 3, 2025, the president approved the establishment of the Federal University of Environment and Technology (FUET) in Ogoni town of Tai, Rivers State.

Tinubu also consented to the federal government’s takeover of a forfeited private university in Southern Kaduna and its transformation into a federal university.

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“I will advise Trump not to be weak with Putin – Macron

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By Kayode Sanni-Arewa

President Emmanuel Macron said Thursday that France was entering a “new era” and that he planned to tell US President Donald Trump he could not “be weak” with Vladimir Putin.

Macron spoke to the French ahead of a planned visit to the White House to meet Trump next week, as Europe scrambles to respond to his Ukraine war shift.

“I’m going to tell him: ‘You can’t be weak with President Putin. That’s not who you are, it’s not your trademark, it’s not in your interest’”, Macron said as he answered questions from the French public on social media.

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Trump will meet in Washington with Macron on Monday and British Prime Minister Keir Starmer on Thursday next week, the White House said.

Trump has sent shock waves around Europe by saying he is ready to resume diplomacy with Putin to end Russia’s three-year war against Ukraine, over the heads of European countries and Kyiv.

In recent days French officials have said the French public needed to understand the magnitude of the threat coming from the Kremlin.

Macron told reporters earlier this week: “Russia poses an existential threat to Europeans.”

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On Thursday, the French president said that France needed to beef up security amid the shock policy shift in US-Russia relations.

I am convinced that we are entering a new era. It will impose choices on us,” Macron said. “We Europeans must increase our war effort.”

Macron stressed he did not plan to send troops to Ukraine “tomorrow” but indicated that France was considering providing security guarantees to Ukraine following a ceasefire deal with Russia.

“I have not decided to send troops to Ukraine tomorrow, no,” he said.

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“What we are considering instead is sending forces to guarantee peace once it has been negotiated,” he said.

Speaking to AFP earlier Thursday, a French source familiar with the discussions said France was working with European countries to ensure security guarantees for Ukraine in the event of a ceasefire agreement.

Macron also said he planned to speak to Ukrainian President Volodymyr Zelensky later Thursday.

AFP

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Insecurity! Ex-presidential Candidate Reportedy Shot, Abducted in Abuja

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…as bandits demand N100m ransom

By Kayode Sanni-Arewa

An ex- presidential candidate, Eniola Ojajuni, has been reportedly shot and abducted by bandits in Abuja.

Mr Ojajuni was abducted from his vehicle on Monday, family sources revealed.

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Mr Ojajuni was the presidential candidate of the defunct Alliance for Democracy, in 2019.

The politician was on his way to a meeting when he was attacked.

“The kidnappers have reached out to his (Mr Ojajuni) wife, demanding a ransom of N100 million,” said a source on Thursday.

The source also revealed that Mr Ojajuni, the national president of the Afenifere Youths Council, was shot in the buttocks during the attack.

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“The Afenifere National Youths Council is deeply saddened to announce the kidnapping of its national president, Prince Eniola Joseph Ojajuni, in Abuja, Nigeria.

“During the kidnapping, Prince Ojajuni sustained a bullet wound on his buttock. We are deeply concerned about his safety and well-being, and we urge the kidnappers to release him unharmed,” the youth group said in a statement.

The FCT police command spokeswoman, Josephine Adeh, could not be immediately reached for a comment.

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