Reps Consider Law To Regulate Crypto Transactions

The House of Representatives, through a motion, resolved to investigate the national security implications of cryptocurrency, and other digital asset transactions.

The House is also to investigate the current status of the e-naira on the global cryptocurrency platform, the cost incurred, processes undertaken, and statutory compliance in creating the digital currency.

A lawmaker from Ogun State, Isiaka Ibrahim, who read the resolution of the House on Tuesday, said, “The House, hereby, resolved mandates the House Committee on National Security and Intelligence to investigate the current status of gateway platforms and how they truly or not connect with many security challenges in the country.”

On Monday, the House of Representatives Committee on Financial Crimes had resolved to issue warrant of arrest against executives of cryptocurrency platform, Binance, for failing to appear before it for an investigation.

Chairman of the Committee, Ginger Onwusibe, stated that the warrant of arrest is to compel the executives appear before the lawmakers to answer on allegations of sponsoring of terrorism, and financial crimes.

A lawyer, who appeared before the committee on behalf of Binance presented a written address, stating that the board of the company is scared of coming to Nigeria for fear of further arrest by the government.

However, the explanation by the lawyer was rejected by the lawmakers.

Two Binance executives were arrested in Nigeria last week, and the government is demanding almost 10 billion dollars in compensation from the cryptocurrency firm on allegations of manipulation of foreign exchange rates which has negatively affected the value of the naira.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

Valentine Ozigbo Resigns from Labour Party

In a shocking move, against all speculations over the last few days, Valentine Ozigbo, a close ally of Peter Obi, has announced his resignation from the Labour Party (LP). Ozigbo confirmed his decision to Diaspora Digital Media on Wednesday, February 19, 2025, but declined to provide further details, opting instead to share his reasons during an interactive session on X (Twitter) Space. The session, scheduled for 8 PM, will feature Ozigbo in conversation with Anambra's First Son, @uchepokoye, discussing pressing issues affecting Anambra State, including security challenges, societal fabric collapse, and the hope for a better future. Ozigbo's resignation has sparked interest, with many awaiting his detailed explanation for leaving the Labour Party. His decision comes at a critical time for the party, which has been navigating various challenges in recent months. Credit: Diaspora Digital Media

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