MISREPRESENTED CONTEXT

1. I am indeed disgusted with attempts to misrepresent and take out of context what I wrote on my blog yesterday.

The Next 20 Years

Just look around you in Nigeria, for example. 20 years ago, the ATM machine was a novelty. No bank issued debit cards- maybe just the foreign ones. There were no banking apps. You couldn't transfer funds the way we do now.

It took 7 days for your 'upcountry' cheques to clear- meaning that if someone pays you a cheque in Sokoto and you pay it in in Ibadan, you had to wait for 7 days to receive value. Later, it became 3 days.

I recall as a young banker, I used to go to the CBN Clearing House with a box that was locked by my supervisor and which could only be opened by the CBN Clearing Supervisor. I carried that box like it was my life.

I had cheques of other banks and a very huge calculator we called casting machine inside that 'portmanteau'.

Around this period 20 years ago, there was an influx of new generation banks that changed the landscape. Now, see how the banks have changed in 20 years. In just 20 years, the banking sector in Nigeria is the one of the most sophisticated in Africa. So much progress has been made

NEW SCOOP from @zachsdorfman: China's Ministry of State Security has demanded that private Chinese companies, including Baidu and Alibaba, help them process stolen U.S. data, such as from the OPM hack, U.S. intelligence officials

Zach writes, "In what amounts to intelligence tasking, China’s spy services order private Chinese companies with big-data analytics capabilities to process massive sets of information that have intelligence value, according to current and former officials."

“Just imagine on any given day, if NSA and CIA are collecting information, say, on the [Chinese military], and we could bring back seven, eight, 10, 15 petabytes of data, give it to Google or Amazon or Microsoft, and say, ‘Hey, we want all these analytics," said one official.

It's hard to overestimate the significance of this intelligence assessment.

There has been speculation that Baidu, Alibaba, and Tencent might have ties to China's security state. In fact, they work directly with them and for them—because they have to. According to US intel.

If you have been enjoying this series of scoops from @zachsdorfman, also take some time in your day to appreciate the skill and dedication that FP editor @BeijingPalmer has put into them.

Today Vice President @ProfOsinbajo presided over a meeting of the National Economic Council (NEC), to critically review the security situation in the country. Council recommitted to the following principles:

#NECBrief
#AsoVillaToday
#Thread

The Council recommitted to the following principles:

1. The protection of all residents of all States, including non-indigenous communities and religious and ethnic minorities within State jurisdictions;

2. The arrest and prosecution of all perpetrators of crime;

3. In collaboration with federal authorities, the reconstruction of destroyed homes and payment of compensation where appropriate by State authorities for damage to property and livelihoods sustained during targeted attacks on communities within their jurisdictions;

4. Ensuring that deceased victims of such violence are duly accorded dignified burial rites;

5. The immediate public and unequivocal condemnation of all manifestations of hatred, targeted violence, and other hate crimes against ethnic, religious, and minority groups;

6. Ensuring that local security initiatives—whether State Govt law enforcement agencies/local vigilante groups/ @PoliceNG Community Policing programme—are inclusive & composed with due consideration given to adequate representation of non-indigenous/minority resident communities;

NS2 a response to Mr Wolfgang Munchau. Although I agree on a number of points with WM in his recent @spectator piece-I disagree with his central contention that NS2 is about more gas for Germany. There is no more gas & what gas there is not for Germany. Lengthy thread to follow.

1.WMs @EuroBriefing article has swallowed a huge dose of Russian (and indeed German) propaganda. Throughout the article WM refers to Nord Stream 2 as being vital to Germany because of the need for more Russian gas. This is

2.The key point about NS2 is that it is a diversionary pipeline. There is no new gas. This huge political effort by Russia and Germany to deliver NS2 will not bring a single extra molecule of gas to Germany.

3.What is more the gas destined to land on the German Baltic coast at Greifswald (in AM's constituency) will substantially go not to Germany. The connecting pipeline for NS2, called EUGAL has the same capacity as NS2 (55bcm) and heads eastward to the Czech Republic.

4.Our friendly gas propagandists may well say that in December 2019 Gazprom signed a gas transit contract with the Ukrainian state owned energy company Naftogaz for 40bcm a year from 2021-2024. So with NS2 there will be more gas. NS2 plus the gas transited via Ukraine.