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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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    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

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How Mohbad’s Father Brings his Girlfriend to Late Singers Matrimonial Home – Wunmi tells Corona Inquest

Kunmi the Super Cat by Kunmi the Super Cat
November 8, 2023
in Entertainment, Metro
Reading Time: 2 mins read
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How Mohbad's Father Brings his Girlfriend to Late Singers Matrimonial Home - Wunmi tells Corona Inquest

How Mohbad's Father Brings his Girlfriend to Late Singers Matrimonial Home - Wunmi tells Corona Inquest

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Wunmi, the widow of the late Nigerian singer Mohbad, recently offered her testimony during the ongoing coroner’s inquest into his untimely demise. In her statement, she shed light on her relationship with Mohbad’s father and the series of events that led to their strained relationship.

According to Wunmi, she and Mohbad’s father had a close bond, and he had even prayed for her to conceive their son, Liam. Their relationship was so harmonious that Mohbad’s father would visit their rented apartment in Lekki, bringing his girlfriend along, and Wunmi never raised any objections, as she considered it her son’s home. “She is not a family member, and they were not married. One day, he didn’t tell us he was coming over with the woman. Mohbad’s mother was in our house during a visit, and suddenly, the dad entered with his girlfriend. He was shocked to see Mohbad’s mom there.

Related Post: MohBad’s Widow Omowunmi Testifies: Late Singer Died in the Car, didn’t make it to the hospital

According to Wunmi, it became an issue because the late Mohbad’s mom asked why the older Aloba had to bring his girlfriend to come sleepover at his son’s matrimonial home.

However, tensions began to brew after the birth of Liam, primarily due to a dispute over the placenta. Both Wunmi and Mohbad refused to hand over Liam’s placenta to Mohbad’s father, triggering a series of heated arguments. This disagreement marked the turning point in their relationship, leading to various subsequent conflicts. Wunmi clarified that the decision to withhold the placenta from Mohbad’s father was originally Mohbad’s, and she merely supported his choice.

During her testimony, Wunmi also addressed an accusation from Mohbad’s father, who claimed to have seen a blood-soaked bucket in Mohbad’s room. She vehemently denied this allegation, explaining that the “blood” in question was from a minor cut, and the liquid absorbed by the bucket was water, a fact corroborated by Mohbad’s brother, who resided with them.

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Wunmi went on to recount Mohbad’s involvement in an Ikorodu show and the injury he sustained during a confrontation with Prime Boy. She revealed that she had been subjected to threats and false accusations on social media since her husband’s passing, despite her innocence. Additionally, Wunmi disclosed that Mohbad’s Canada visa had been approved just a day before his tragic death.

In light of the threats and harassment, Wunmi shared that she felt compelled to leave her late husband’s residence following his demise.

The next hearing for the coroner’s inquest has been rescheduled for November 15, 2023. This story is still developing, and we will continue to provide updates as new information emerges.

Kunmi the Super Cat
Kunmi the Super Cat

Kunmi ‘The Super Cat’ is a massage therapist, an entertainment and erotic content writer. She is a pop culture enthusiast!

Tags: How Mohbad's Father Brings his Girlfriend to Late Singers Matrimonial Home - Wunmi tells Corona Inquest

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  • 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

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