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    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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Home Opinion Bite Fiction & Poetry

FINDING HAPPINESS (Part 2)

admin by admin
May 23, 2020
in Fiction & Poetry
Reading Time: 2 mins read
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FINDING HAPPINESS (Part 2)

FINDING HAPPINESS (Part 2)

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“Mom, who is my dad? Where is he? I want to see him! When is he coming?” My inquisitive son would ask repeatedly. “During visiting days and PTA meetings in school, my mate’s dad came and bought him chocolates too. They all ask me when my daddy will visit too.

All my friends in school have mums and dads, but it is just you and grandma that comes to my school when parents are invited. I’m not happy mum,” he just would not stop! The nine year old leaves me speechless these past few weeks. He reminds me of my dark moments. What do I tell him?
When I walked out of his father’s life, it was for good, I did not anticipate a time would come I’d be summoned to answer for his where about. I never prepared for these questions.

This evening, I need to breathe!
I decided to take a stroll down my estate, dressed in my regular fitted jogger and a tee. My worst nightmare stares me in the eyes. I am a single mom and every time I’m being confronted with these questions from my son, I become flimsy, or simply elusive.

How do I explain to his tender yet curious mind, that I divorced his father because, he was manipulative, he never acknowledge my strength and belittles my achievements, or that he was extremely possessive, a serial cheat and lair too. I was a shadow of myself while the marriage lasted. I couldn’t bear the thought of going forever with him. I’ll rather stay unmarried and sane.

How would my little angel understand all these. He once called me selfish. Or maybe I was selfish because, I did not consider my son, who needed to grow in an atmosphere of love from both parents.
.
.
.

So I strolled down a few blocks, to clear my head and rehearse what to tell my son about never meeting his father in a life time. And then, something striking caught my attention. I saw my best friend’s fiancé with an heavily pregnant lady in at a restaurant, sitting and having what seem like a serious discussion.

Or so I assumed, until their intimate gestures gave them away, as being more than acquaintances.

I walked past them, from the opposite direction, I couldn’t bare to miss this gist. The expectant lady crossed over to his side of the table, and the endearment finally cleared my doubts.

The lady in question is pregnant apparently for a guy that would wed my friend in just a week! Men are so impossible!

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I was in dilemma for hours, before I resort to calling my friend, I couldn’t bear to conceal this weighty information to myself.

To my greatest surprise , my friend told me he makes her happy, and since she was not getting any younger, she’d to accept him.

According to her, Finding Happiness comes at a cost, and she’s is ready to live with hers.

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