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    Wike describes Seyi Makinde as chief architect of PDP problems

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

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    Buhari says Nigeria security and economy improved during his tenure

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    List of Stockbrokers in Nigeria

    Weekly Market Report: NGX market capitalization settles at N70.46 trillion

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    The Frontier Fund unit holders to get N17 per unit distribution

    Banks begin to charge taxes on bonds, T-bills as exemption expires

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    Fidelity Bank to issue 3.03 billion Ordinary Shares by way of Private Placement

    “Bankruptcy” report – Fidelity Bank Plc clarifies position

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    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

    Bitcoin (BTC) rises above US$80,000

    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

    NGX RegCo suspends Trading of Oando Plc shares

    NGX RegCo approves Livingtrust Mortgage Bank’s free float compliance plan

    SEC approves Busha and Quidax as crypto exchanges in Nigeria

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    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

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U.S. sends delegation to meet with an “illegitimate” government of Venezuela

Monday, 7 March 2022, 5:36 am
in News, World
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U.S. sends delegation to meet with an “illegitimate” government of Venezuela
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The United States Government had sent a high-level delegation to meet with the “illegitimate” government of Venezuela on Saturday in a hunt for alternative suppliers of Oil as Russia’s war with Ukraine continues.

According to a report quoted referenced on Fox News, several officials from the White House and State Department were on the flight to Caracas, making it the “highest-level visit” from the U.S. in the years after it broke diplomatic relations with the country in 2019 and recognized pro-US politician Juan Guaido as “interim” president of Venezuela over the legitimate President Nicolas Maduro.

In breaking diplomatic relations with Venezuela, the U.S. closed its embassy and accused President Nicolas Maduro of stealing a presidential election in 2018.

Read also; Britain’s Shell buys Russian Oil at record discount, pledges profits to support humanitarian aid in Ukraine

Just a couple of months ago, on January 4 2022 to be precise, the U.S. State Department issued a statement recognizing Venezuela’s 2015 National Assembly and Interim President Juan Guaido.

In recognizing an alternative President of Venzeula, U.S. State Department spokesperson Ned Price said;

The United States supports the Venezuelan people in their desire for a peaceful restoration of democracy through free and fair elections.  The Maduro regime’s pattern of political repression, rampant human rights abuses, as well as severe restrictions on political and civil society actors and freedom of expression have robbed the Venezuelan people of democratic self-determination.  We support the efforts of the Unitary Platform and other actors to establish democratic order and rule of law in Venezuela.

The U.S. government has not officially confirmed that it sent a delegation to Venezuela, to meet with an illegitimate President Maduro. There are no commercial flights from the U.S. to Venezuela at the present, but data from flight-tracking website ADS-B Exchange showed a Gulfstream jet leaving a Washington airport and flying to Caracas via Miami on Saturday.

As pressure continues to mount on the Biden Administration to impose sanctions on Russian energy, the administration is actively seeking for alternative supplies, vis-a-viz Iran and Venezuela. Prior to U.S. sanctions on Venezuela, most of the Latin American countries oil exports went to the U.S.

Venezuela and its President Maduro are however aligned to Russia, as Russia along with China ad Iran came to Venezuela’s financial aid when the Trump administration sanctions on Venezuela’s oil exports in 2019.

Florida Senator Marco Rubio is being quoted as saying “Joe Biden using Russia as an excuse to do the del they always wanted to do anyway with the Maduro Regime.”

Rather than produce more American oil he wants to replace the oil we buy from one murderous dictator with oil from another murderous dictator,” – Marco Rubio

Venezuela has the world’s largest oil reserves and used to be a major exporter, but it oil production collapsed in recent years from near 3mn barrels per day to less than 1mn. It is a member of the Organization of Petroleum Exporting Countries.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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