page contents
Connect with us

Motherland News

Egyptian citizenship sold to foreigners for $400,000.

Published

on

Foreigners interested in Egyptian citizenship will deposit at least 7 million Egyptian pounds ($392,000) and then hand it over to the Treasury after five years, an amendment passed by parliament on Monday said.

Egypt has been looking to boost its finances and draw back foreign investment that fled the country after its 2011 uprising, notably through a series of tough reforms tied to a $12 billion IMF loan programme it began in late 2016.



Under the new law, foreigners who make a deposit of 7 million Egyptian pounds or the equivalent in foreign currency receive the option of taking citizenship if they surrender the deposit after five years.

It was not immediately clear what economic benefits a foreigner would obtain by acquiring citizenship as Egypt places few restrictions on foreign investment projects, although it does forbid foreign ownership of agricultural land and property in the Sinai peninsula, where it faces an Islamist insurgency.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

The minister of interior may grant Egyptian citizenship to all foreigners that have resided in Egypt for a period of at least five consecutive years prior to applying for naturalisation,” the amendment said.

The head of parliament’s defence and national security committee, General Kamal Amer, said the new law compliments recent amendments to an investment act that grants incentives to foreigners to invest in the country.

He said foreigners who acquire citizenship would enjoy no political rights until after five years of citizenship and would need 10 years to be eligible for election or appointment to a representative body.

Spouses and children will not be eligible for citizenship unless they reside in Egypt, he added.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

REUTERS

Motherland News

Nigeria: Woman Dies During Church Deliverance in Lagos

Published

on

A 51-year-old woman, Taibat Kareem, has collapsed and died during a deliverance service in a Cherubim and Seraphim Church  community, Lagos after allegedly drinking a substance said to be given to her by the church prophet, Olowomeye Ola, for deliverance.



The issue provoked reactions from the residents who went to the church and brought out the pastor to mob him on the street.

However, before he could be mobbed, the Isheri Police Division moved to the church, arrested two suspects including the pastor and took them to the police station for interrogation.

The incident happened at Oriofe Street in Ijegun in the outskirts of Lagos where the church is located.

IMG-20180912-WA0030

According to the residents, her supplier, one Ayodele Isaac, a herbalist, invited the late Taibat, who dealt in local herbs, to take some herbs for sale. She was going to take the herbs when Pastor Ola accosted her and told her that she needed deliverance. He then took her to the church for prayers; it was during the prayer session that Pastor Ola gave her a liquid substance to drink. Immediately she drank the substance, she collapsed on the ground inside the church.

 Pastor Ola reportedly took her to his own room where he allegedly tried to revive her. It was in the midst of the confusion that the residents raised the alarm, attacked the pastor and attempted to mob him before the police rescued him.
FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

The corpse of the deceased, Taibat, was deposited at an undisclosed mortuary for autopsy while the two suspects mentioned over her death, Ola and Isaac, were transferred to the SCIID Panti, Yaba, for further investigation.

 When our correspondent visited Isheri Osun Police Division, the DPO was not around to comment on the incident.

However, police sources at the station that the matter had been transferred to SCIID’s Homicide Department.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Continue Reading

Motherland News

United States to reinstate diplomatic presence in Somalia.

Published

on

The United States will re-establish a permanent diplomatic presence in Somalia, nearly 30 years after the U.S. embassy was closed as a civil war raged in the Horn of Africa country.

Somalia has been trying to recover from the conflict that engulfed the country in 1991, when clan warlords overthrew a dictator and then turned on each other.



“This historic event reflects Somalia’s progress in recent years and is another step forward in formalizing U.S. diplomatic engagement in Mogadishu,” the State Department said in a statement late on Tuesday.

IMG-20180912-WA0030

Somalia has in recent years faced an insurgency by the al Qaeda-linked al Shabaab militant group, as well as famine and maritime piracy.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

While parts of the country are plagued by militant violence, a degree of stability in the capital, Mogadishu, has drawn investment from Somalis at home and abroad.

In September, the World Bank approved $80 million in grants to Somalia to fund public finance reforms, the first disbursement to the country in 30 years.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Continue Reading

Facebook

Advertisement
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved