NDA Attack: An Indicator of a Failing State – Seyi Oyetunbi | GOVERNMEND

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Bandits are fast rendering Nigeria ungovernable, its recent attack only points to the fact that they’re fighting with determination to conquer Nigeria and impose their style of government, probably more like what we have in Afghanistan today where Talibans sent the legitimate government packing after the invasion of Kabul, the major city in Afghan.

There’s likely not to be a state if a state fails to protect lives and properties within and in some cases beyond its territories. Nigeria is failing with a scary rapidity. Insecurity has distracted alot of people from demanding humanitarian duties of the government for the fact that people no longer sleep with their eyes closed. It’s near impossible to think of any advance human needs when living is by chance and lives are at high risk.

The Nigerian Defence Academy was attacked by bandits, many armed soldiers were injured in what seemed like gun duels, two of the soldiers killed while a commander was abducted. This is the worse we can have before the dying Nigeria is buried. Surprisingly, however, the Presidency is not troubled by the ugliest development any country can witness structurally and defensively.

The strick on the Defence Academy has kept the entire world abreast over the porosity and vulnerability of Nigeria as a state and its defence as an intra structure. It started just like this a year ago for Afghanistan and today the entire country is a subject of the Islamists. Battalion does not necessarily matter as much as determination does, and determination is the first mental armour an average insurgent bears.

Nigeria government lacks the determination to win any fight against insecurity. The body language of the president may be termed to be a bromance with the insurgents. Defence Academy’s attack is a huge record for the bandits which may embolden them to take attack to Aso Rock.

Source: Seyi Oyetunbi

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

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