Days after the All Progressive Congress (APC) under the aegis
of Buhari-Osibanjo Presidential Campaign Organisation led by Gov. Babatunde
Fashola accused the Federal Government (FG) of shutting down its website, www.APC.com.ng own by the party remained under
maintenance, as ITRealms can authoritatively
reports.
Although the managers of .NG registry in the country, the
Nigeria Internet Registration Association (NIRA) had earlier cleared the air on
the accusation, as gathered by ITRealms,
maintained that there was no directive to the effect of the allegation by APC;
the party is yet to launch any known investigation in-house to determine why it
choose to host its website on www.apc.org,
which translates to capital flight as far as Nigeria is concerned.
This according to an industry observer who spoke to ITRealms on anonymity shows how
unreliable the party leadership is and their determination to create more
capital flight-induced economy.
Officials of NIRA had in the response to the allegation of
shutting down the website explained to ITRealms
that they as registry of .NG operates 3R model, which entails Registry,
Registrar,
Registrant, therefore registrants on .NG go through their registrars
who are usually accredited to get NIRA services as registry.
ITRealms, further
reports that capital flight entails taking the jobs or economic values
available to Nigerians to foreigners or simply out of the country.
According to the Wikipedia, “Capital flight, in economics,
occurs when assets or money rapidly flow out of a country, due to an event of
economic consequence.”
While Investopedia,
described capital flight as “A
large-scale exodus of financial assets and capital from a nation due to events such as political or
economic instability, currency devaluation or the imposition of capital controls.”
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