Security

Binance, Others Face Billion-Dollar Fines in Nigeria Over Alleged Currency Manipulation

Per THISDAY, Nigeria’s Securities and Exchange Commission (SEC) may impose massive fines amounting to billions of dollars on big crypto giant, Binance, and other cryptocurrency firms operating in the country. Along with other security agencies, SEC is presently looking into claims that cryptocurrency companies manipulated the value of the Naira …

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Court Hears Nnamdi Kanu’s Bail Application

A Federal High Court, Abuja, on Monday, heard the bail application and preliminary objection to the trial commencement filed by Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). Upon resumed hearing of the matter, Adegboyega Awomolo, SAN, who appeared for the Federal Government, told Justice Binta Nyako that …

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Nigeria Labour Congress Defies Government Appeal, Vows to Continue Protest Amid Safety Concerns

The Nigeria Labour Congress (NLC) has issued a stern warning, threatening a nationwide shutdown if any of its members face attacks during the upcoming two-day protest starting tomorrow February 27, 2024.  In a statement released on Sunday by NLC President Joe Ajaero, the Labour Union affirmed its commitment to the …

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Court Orders CBN To Pay German National N63.7 Million, $10,000 Over Unlawful Arrest and Detention

The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to compensate a German national, Martin Gegenheimer, the sums of ₦63.7m and $10,000 for unlawful arrest and detention by the Nigerian Immigration Service during the COVID-19 period in 2020. The court ordered the Apex Bank to pay the …

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Federal Government Takes Action To Curb Cooking Gas Scarcity, Halts Export Of Product

The federal government says it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in the country. Minister of State, Petroleum Resources, Ekperikpe Ekpo, broke the news to reporters at the “Internal Stakeholders’ Workshop,” on Thursday, February 23 …

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Police Release Labour Party Chairman On Bail

The Nigeria Police Force Zone 5 has released the National Chairman of the Labour Party (LP), Julius Abure, on bail. Recall that Abure was arrested on Wednesday in Benin City, the Edo State capital, by the operatives of the Zone 5 Command, alongside the state chairman of the party in …

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Ex-Barcelona Defender, Dani Alves Sentenced to Four and a Half Years in Person

Ex-FC Barcelona defender Dani Alves has been sentenced to four and a half years in prison for sexual assault by a court in Barcelona, Spain. The 40-year-old Brazilian footballer was found guilty of sexually assaulting a woman in an upscale Barcelona nightclub early on New Year’s Eve in December 2022. …

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Labour Party National Chairman, Julius Abure Arrested In Edo

The National Chairman of the Labour Party (LP), Comrade Julius Abure, has been arrested and detained by the police in Benin City, Edo State. His arrest on Wednesday comes following accusations of embezzling over N3.5bn Party funds. The now-suspended National Treasurer of the Labour Party, Oluchi Oparah who made the …

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Reps Seek Navy’s Collaboration Against Crude Oil Theft

House of Representatives Special Committee on Crude Oil Theft and Losses has appealed to the Nigerian Navy to assist it with relevant information to unravel those behind the perennial stealing of the country’s crude oil. Chairman of the Committee, Alhassan Ado Doguwa, appealed in a statement on Sunday in Abuja …

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Senator Akpabio Seeks Saudi Arabia, Nigeria Collaboration on Security, through Intelligence Sharing

President of the Senate, Senator Godswill Akpabio has appealed to the Saudi Arabian Government to collaborate with Nigeria in the fight against insurgency and trans-border terrorism, through sharing of intelligence. Senator Akpabio made the call while receiving, in courtesy, members of the Saudi Arabia-Nigeria Parliamentary Friendship Group, led by Dr …

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