ADVERTISEMENT
Apples Bite Int'l Magazine
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    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.

    Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
  • News Bite
    • All
    • Arts
    • Events
    • International
    • National
    • Politics
    • Press Release
    • Security
    • Show Biz
    • Sports
    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.

    Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    • Politics
    • International
    • National
    • Show Biz
    • Events
    • Security
    • Sports
    • Press Release
  • Lifestyle Bite
    • Fitness
    • Nutrition
    • Personal Growth
    • Travel
  • Health Bite
    • Doctor’s Diagnosis
  • Brand & Business Bite
    • Energy
  • Fashion Bite
  • Opinion Bite
    • Featured Story
    • Fiction & Poetry
    • Career
    • Teachings
    • ABM Staff Blog
    • ABM True Stories
    • Research
    • Tech
  • More
    • Latest Magazine Issue
    • Leadership 360°
    • Religion
    • Education
    • Law
    • Metro
    • Romance
      • Love
      • Sex and Relationship
      • ABM TV
      • Interviews
      • Movies
      • Red Carpets
  • Contact Us
No Result
View All Result
Apples Bite Int'l Magazine
No Result
View All Result
Adron Homes Lemon Friday
Home News Bite

A New Era Begins For Nigeria: D-Day Is Here

admin by admin
February 25, 2023
in News Bite, Politics
Reading Time: 4 mins read
0
Live Results From Presidential Election Collation
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Today, February 25, Nigerians are at the polls to exercise their electoral right. They are voting to elect a new President of the Federal Republic of Nigeria, as well as senators and members of the House of Representatives who would constitute the 10th National Assembly and pilot the affairs of the country for the next four years.

It has been a long road to the 2023 general elections. Along the way, there were historic developments such as the Electoral Act 2022, the massive registration for Permanent Voter Cards (PVC) and INEC’s seismic switch to technology-driven elections using the Bimodal Voter Accreditation System (BVAS).

Nigeria ’s Defining Moment Is Here by Olawale Olaleye

RelatedPosts

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

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

July 17, 2026
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.

Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

July 17, 2026
Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

July 17, 2026

This year, the stakes are higher than in any other polls in recent history. The record number of registered voters of 93.5 million, the dominant demographics of 48 million youths, the intensity of the electioneering campaign and the political fever that gripped the Nigerian populace are indications that the 2023 general election is of great importance to Nigerians.

The reasons are not far-fetched. The past eight years have been a tortuous journey for Nigerians. Citizens bear the scars of two recessions, worsening insecurity, religious intolerance, ethnic jingoism and lack of good governance, among other suffocating realities. The unity of the country was fractured, with the socio-political landscape divided along several faultlines. Like never before, the gulf between the rich and the poor widened and unemployment is at its highest. The country, understandably, slipped into the abyss of poverty whereby 133 million Nigerians live in poverty. The austerity earned the country the unenviable title of the poverty capital of the world.

These tribulations have driven Nigerians out of their fatherland in droves to other countries in search of greener pastures. The migration syndrome (called Japa) which started a few years back hit a peak last year and is yet to ebb. It has been the biggest brain drain to hit the country in living memory. Nigeria lost a record number of medical professionals and an uncountable population of IT specialists whose exodus weakened the country in critical sectors.

More than anything, the hardship faced by Nigerians underscored the need for a tectonic shift in leadership style and direction and a complete overhaul of governance in the country.

Election―and only election―allows us the opportunity to turn around our collective fate.

Our situation is so dire there is no room for sentiment in selecting the best candidate. It needs no telling, therefore, that we have to make a prudent choice at the polls.

The world has high expectations of us. World leaders, including President Joe Biden of America, have urged us to do it right and get it right. Over the next 48 hours, our country will be the cynosure of global attention.

There has been an ugly backdrop of orgy of violence like the assassination of the Labour Party senatorial candidate in Enugu, Oyibo Chukwu, barely 48 hours before the election and arrests of persons with unusually large wads of cash in Lagos, Rivers and Gombe, which were meant for vote buying, less than 24 hours to election.

We have to stand up in unity today against any anti-election acts that could mar this important poll.

It goes without saying that despite our diversity and disparities in choice of party and candidate, we have a common yearning: We hunger for purposeful leadership. The country survived the travails of the past four years because of the citizens’ legendary resilience, often referred to as “the Nigerian spirit.”

Now, we could end it well by voting sensibly and in an atmosphere devoid of violence and not prone to post-election crisis.

It has to be said too that our desire for change might become meaningless and a mirage if we fail to conduct a peaceful, free, fair and credible election.

On Wednesday, all of the 18 registered political parties signed a peace pact, which stipulated that all parties accept the outcome of elections or seek redress via legitimate means. Some of the leading contenders thereafter issued a statement to their followers calling on them to eschew violence and any other acts that could jeopardise the election.

In truth, the election is in our interest.

Looking at the configuration of the presidential candidates and their running mate and their broad and heterogeneous supporters, we cannot but conclude that Nigeria is a united country, only that we are seething with resentment borne of frustration. We must, however, be mindful that elections remain the only valid and agreeable means of addressing our grievances in a democracy.

Today, Nigerians stand at that watershed. We must not let the opportunity escape us. We must each exercise the power in our vote, per the Electoral Act. We must be determined to make our votes count. That includes ensuring that we do not hinder others from exercising their franchise too.

Robert Frost in his famous poem talked about lost opportunities in A Road Not Taken. Nigerian voters had taken a familiar route many times in the past. The path of vote-buying, ballot-box snatching, ethnic sentiment and religious bigotry, to mention but few, led us nowhere but to political Golgotha and down the rabbit hole of bad governance and poor leadership. We do not have the luxury to go down that route again. The opportunity of voting for real change, driven by a genuine desire for a better standard of living and collective welfare, is right before us at the polling unit.

We all have a role to play. Of the 48 million youths on the voter register, the onus is on them to safeguard the sanctity of the electoral process by refusing to be used as agents of destabilisation.

Security agencies must play their role as expected. INEC, with its staff, must maintain the neutrality expected of it as the electoral umpire.

As Africa’s biggest democracy, it behoves us to set a good example for other African countries that would be going to the polls later this year.

We must remember that credible elections are the foundation on which democracy is built. Therefore, Nigerians must respect the outcome of the voting. Democracy, after all, is a system where the minority have their say and the majority have their way, even at the polls.

Having suffered so much in the past few years, we do not need election-triggered anomie.

What we all yearn for is a Nigeria of our dream where the individual and the State can fully reach their potential. A peaceful election is a step towards the Utopia we crave.

Apples Bite Magazine Icon
admin
Tags: A New Era Begins For Nigeria: D-Day Is Here

Related Posts

Tinubu Wanted Young Female Deputy Governor, Says Hamzat
Politics

Tinubu Wanted Young Female Deputy Governor, Says Hamzat

July 17, 2026
Bode George Blames Excessive Land Reclamation for Lagos Flooding
News Bite

Bode George Blames Excessive Land Reclamation for Lagos Flooding

July 17, 2026
FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele
News Bite

FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

July 17, 2026
Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal
Sports

Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

July 17, 2026
FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu
News Bite

FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

July 17, 2026
NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks
News Bite

NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

July 17, 2026
Load More
No Result
View All Result

Recent Posts

  • Supreme Court Orders Final Forfeiture of Emefiele’s Assets to Federal Government
  • Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy
  • Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline
  • Tinubu Wanted Young Female Deputy Governor, Says Hamzat
  • Bode George Blames Excessive Land Reclamation for Lagos Flooding

Recent Comments

    Apples Bite Int'l Magazine

    Apples Bite Magazine is your premier destination for updates in business, daily news, and entertainment. At Apples Bite, we serve insightful stories and in-depth analysis, curated to empower professionals, entrepreneurs, and forward-thinking individuals who thrive on staying ahead of the curve.

    © 2026. All Rights Reserved. ApplesBite International Magazine.

    No Result
    View All Result
    • News Bite
      • Politics
      • International
      • National
      • Show Biz
      • Events
      • Security
      • Sports
      • Press Release
    • Lifestyle Bite
      • Fitness
      • Nutrition
      • Personal Growth
      • Travel
    • Health Bite
      • Doctor’s Diagnosis
    • Brand & Business Bite
      • Energy
    • Fashion Bite
    • Opinion Bite
      • Featured Story
      • Fiction & Poetry
      • Career
      • Teachings
      • ABM Staff Blog
      • ABM True Stories
      • Research
      • Tech
    • More
      • Latest Magazine Issue
      • Leadership 360°
      • Religion
      • Education
      • Law
      • Metro
      • Romance
        • Love
        • Sex and Relationship
        • ABM TV
        • Interviews
        • Movies
        • Red Carpets
    • Contact Us

    © 2026. All Rights Reserved. ApplesBite International Magazine.