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    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government

    President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, establishing a unified framework to regulate virtual assets and strengthen Nigeria's digital economy. The President signed the order pursuant to Section 5 of the 1999 Constitution (as amended), and it took effect immediately, according to a statement issued Friday by presidential spokesperson, Bayo Onanuga. The statement explained that the order was designed to address a fragmented regulatory landscape, where overlapping and disjointed oversight by government agencies had exposed Nigerians to risks such as money laundering, terrorism financing, cybersecurity threats, fraud and revenue losses. It noted that unregistered operators had exploited these gaps in the past to defraud unsuspecting citizens. To close these loopholes, the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange Commission (SEC) serving as vice-chairs. Other members include the Nigerian Financial Intelligence Unit (NFIU) and the Office of the National Security Adviser (ONSA). The Council will set policy direction, foster cooperation among the agencies, and collaborate with the Attorney-General of the Federation to build a harmonised legal and institutional framework for the sector. A Virtual Asset Office will also be created as the Council's operational arm, with its secretariat based at the CBN. The office will coordinate information sharing, applications and reporting among agencies through an integrated supervisory technology platform. The statement clarified that the order does not create a new regulator or strip any agency of its existing powers. Instead, registration of virtual asset activities will be determined by the nature of the asset involved — the SEC will register security-related activities, while the CBN will handle payment, settlement, custody and other non-security virtual asset services. The Council will resolve any disputes over jurisdiction. As part of the coordinated approach, the CBN is proceeding with a regulatory sandbox that will allow eligible operators to test virtual asset products and blockchain-based solutions under close supervision before they reach the wider market. The NRS is also expected to release a tax policy for the virtual assets sector to strengthen compliance and ensure the industry contributes fairly to national revenue. Additionally, the Federal Government is finalising a Virtual Assets White Paper that will outline the country's long-term policy direction for the sector. The Council has been given 30 days to develop a Harmonised Implementation Framework to guide agencies in enforcing the order.

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A Lady I Wanted To Marry Demanded That I Must Have 2 Cars – Saka

admin by admin
July 7, 2025
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Veteran Nollywood actor Afeez Oyetoro a.k.a Saka has revealed the demand he once received from a woman he intended to marry.

He recently had his say during an interview with Chude Jideonwo, and fans have been reacting.

After approaching a woman he saw as a potential wife during his bachelor days, Saka said that she made a shocking demand for her to even consider his marital request.

According to him, the lady insisted that he must own 2 cars before she would agree to be his wife, a response he never saw coming.

“The one that I was supposed to marry was demanding that I must have two cars,” he said.

The moviestar further clarified that, contrary to what people thought after his adverts for Etisalat, he was never an ambassador for the network.

Saka concluded by saying that the telecommunication company merely used him as a model for their TV ads.

“A lot of people thought I was an ambassador to Etisalat. No. I didn’t have any formal or official arrangement. I am just a model…” he added.

Meanwhile, Veteran Nollywood actress Omotola Jalade-Ekeinde recently said that there will be tough days in every marriage.

She revealed that there are times when she looks at her husband and she doesn’t feel in love with him.

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According to her, she goes to God during her marital crisis not because she is madly in love with her husband, but to honour her Creator who brought them together to start a family.

“There are times when I look at him and I’m not in love. I go to God and report him. I honour him not because I’m head over heels in love at that moment, but because I honour the One who gave me the mandate to be with him.

There are times I look at him and think, ‘Somebody please remind me why I married this man.’ And he probably feels the same way about me. Those days come,” she said.

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