11, November 2017
Federal Republic of Ambazonia: Governing Council makes public a draft constitution 0
The Governing Council of the Federal Republic of Ambazonia has released a draft constitution for Southern Cameroonians all over the planet to study and make possible contributions before the next meeting of the interim cabinet. Cameroon Concord News understands the daft proposal to Southern Cameroonians was designed during the 4th conclave that held in Nigeria.
Our senior political man, Soter Tarh Agbaw-Ebai who examined the draft constitution late today, opined that “for the purpose of growth, the Governing Council identified three points of power in the 64-page document. The Council suggested in the draft that the executive power should be in Buea, the economic capital should be in Bamenda and the judicial authority should be in Mamfe.”
A spokesperson for the interim president Sisiku Ayuk Tabe told Cameroon Concord News that the draft is by no means anywhere near to the final document that will be adopted via a referandum. Southern Cameroonians have been called upon to send feedbacks to the ruling body and also to make positive criticism of the draft constitution.
According to the proposals that came out from the last conclave, Ambazonia will have three federal states. In Article 1, the document states that Ambazonia is headed by a President elected by direct and universal suffrage. He is assisted by a Prime Minister also “elected from among the members of the Federal Assembly”.
According to the proposed constitution, federal states will be led by elected governors. Each state will have a local government represented by its municipality. English has been retained as the official language but “Pidgin and other languages can be developed for official use”.
The document stipulated that “Only Ambazonians between the ages of 35 and 70 may be eligible for the office of President”. Its mandate is five years and renewable once. It also states that anyone who has reached the age of 18 must undergo military training for 12 months.
The draft constitution comes only a few weeks after the 4th conclave confirmed Sisiku Ayuk Tabe as interim president and mandated him to form a government.
By Sama Ernest, CCN
12, November 2017
Russia buying gold at ‘record pace’ 0
The latest market figures show Russia has increased its purchases of gold to record highs in what appears to be part of the country’s policy to cushion itself against the sanctions of the United States.
Figures released by the World Gold Council (WGC) show that the Central Bank of Russia bought 63 tonnes of the precious metal in the third quarter of 2017. The WGC added in a statement that the Russian stockpile of the bullion had already reached 1,778.9 tonnes as of the end of September.
In September only, the regulator added 34.6 tonnes of bullion to its reserves, in the highest monthly increase since October 2016, reported the Russian news website Sputnik News citing the country’s business newspaper Kommersant.
Currently, the Russian Central Bank has been ranked sixth in the world in terms of bullion reserves. The top five are the United States (8,133.5 tonnes), Germany (3,373.7), Italy (2,451.8 tons), France (2,435.9) and China (1,842.6).
At the same time, according to the WGC, the Russian Central Bank is leading in terms of the pace at which it is stockpiling gold.
Russia’s campaign to collect gold is meant to enable the country to have guarantees amid the tightening of the US Federal Reserve’s policy and amid the growing tensions between Moscow and Washington. Russia also wants to protect its reserves against possible geopolitical risks.
Market analysts also suggest that the Russian Central Bank will continue to expand its gold reserves.
If the Russian Central Bank continues to buy gold at the same pace Russia is likely to topple China as the world’s fifth-biggest holder of bullion in early 2018, according to Kommersant.
Culled from Presstv