‘EMPTY BARRELS’ – OTTI DISMISSES UZOR KALU, ORJI, IKPEAZU OPPOSITION GANG-UP. (PHOTO)

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 ‘Empty barrels’ – Otti dismisses Uzor Kalu, Orji, Ikpeazu opposition gang-up Abia State Governor, Alex Otti, has urged Abians to disregard recent remarks by some leaders of the opposition in the state. Governor Otti who was speaking on Saturday at Seventh-Day Adventist Church, Umuoriehi, Umuahia North LGA, during the dedication of the church building, said that those who are gathering against him were the same people that failed to develop the state in the past. Otti was reacting to an alliance formed against his re-election by former Abia governors Orji Uzor Kalu, Theodore Orji and Okezie Ikpeazu. The governor slammed the opposition members for pursuing personal interest above the collective development of Abia, declaring that every gathering they are making against him would collapse. He said, “Pastor Uguru made reference to the noise that you may have been hearing in the last few days. “I want us to just dismiss it as noise, you know, and it’s always the empty barrel that makes...
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TIKTOK AGREEMENT EXPECTED TO BE FINALIZED THURSDAY, TREASURY SECRETARY SCOTT BESSENT SAYS. (PHOTO).

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 TikTok agreement expected to be finalized Thursday, Treasury Secretary Scott Bessent says

Treasury Secretary Scott Bessent said Sunday that the TikTok deal announced last month is expected to be finalized on Thursday when President Trump meets with Chinese President Xi Jinping.

Bessent, speaking from Kuala Lumpur, Malaysia, where President Trump is on a three-country Asia trip, said the agreement is fully settled and only awaits formal completion by the two leaders at the Asia Pacific Economic Cooperation summit in South Korea. “We reached a final deal on TikTok. We reached one in Madrid, and as of today, all the details are ironed out,” Bessent said. He clarified that he is not involved in the commercial aspects of the deal, but his role was securing Chinese approval, which he said was successfully achieved.

Last month, President Trump signed an executive order allowing TikTok to continue operating in the U.S. under a new corporate structure with American investors. The deal, a “qualified divestiture,” fulfills a law passed by Congress in April 2024 requiring TikTok’s China-based parent company, ByteDance, to divest or face a ban. Enforcement of the law was delayed by 120 days to allow the agreement to be finalized.

The U.S.-based joint venture will be majority-owned and controlled by American investors, with a board dominated by Americans. ByteDance and its affiliates will retain less than 20% ownership. Oracle is among the American investors with a stake in the new entity.

Republican Rep. John Moolenaar of Michigan, chairman of the House China committee, voiced caution over continued Chinese ownership. “As long as the Chinese are involved, I think there’s reason for distrust,” he said, noting concerns about ByteDance’s remaining stake and potential influence from the Chinese Communist Party. He added, however, that he trusts the president is following the bipartisan law to make TikTok accessible to Americans under the new structure.


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