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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.

    Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

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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.

    Tinubu Signs Executive Order To Regulate Virtual Assets, Digital Economy

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IPOB, Self-Proclaimed Jews, Using Christianity to Wage War Against the Nigerian State

Funmilola Faleye by Funmilola Faleye
June 8, 2020
in National, News Bite, Press Release
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The Presidency wishes to draw the attention of all citizens and the international community to a most misleading campaign spearheaded by the so-called Indigenous People of Biafra (IPOB) using false allegations of persecution of Christians against the Nigerian State.

A very deep and wide investigation by an agency of the Nigerian government, working with international partners have made us become aware that there are two, interconnected campaigns being run concurrently by the IPOB in this regard.

Both are using the cover of Christianity – and calling for a US Special Envoy to be appointed to stop the “genocide” of Christians in Nigeria. But the real purpose is to drive a wedge between the Nigeria government and its US and UK/European allies.

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IPOB leadership of course self-proclaims as “Jewish,” a position not shared by the generality of the members.

For reasons of convenience, he claims to have an interest in the welfare of Christians – but this is a ruse: the case for independence, the leader believes, is strengthened by “proving” the government of Nigeria is “autocratic”, engaged in a “silent slaughter” of their own citizens along religion and ethnic lines – and that therefore the only viable option for the unique religious and ethnic minority is a sovereign Biafra separate from Nigeria.

Nigerians and the international community are advised to be wary of this divisive campaign, which available evidence shows is being funded with a monthly spending of $85,000 USD since October 2019, with no records of the source of this largesse.

The campaign consists of producing articles in the names of the alleged Christian NGOs’ leaders (of campaign groups created at the time this PR contract with a US lobbying firm was signed) and letters to and from members of Congress to the White House.

Unfortunately, some Members of Congress have clearly been persuaded there is indeed a “Christian persecution” underway in Nigeria – and do so quoting the campaign – and they are known to be taking up the case directly with the White House to appoint the special envoy.

The American charity secured a meeting with US Secretary of State Mike Pompeo and has made presentations to the US Commission on International Religious Freedom.

There is also a UK and European angle of the Campaign, which is more opaque than its US sister campaign – given there is less legal requirement for public filings – but what is known of this at the moment is that their Budget is sufficient to hire four PR firms in the UK, Belgium, France and the US (the latter additional to the above).

They have founded an “NGO/Charity” and a linked web-based campaign named “Stop the Silent Slaughter” which is well designed and complete with video “evidence”-completely concocted.

Members of the alleged Christian NGO have had multiple Op-Ed articles in conservative news websites promulgating their message of a “Christian Genocide”. Some of those articles have also been used as “evidence” in the sister US campaign.

Two of those conservative news websites were co-founded by the owner of the UK PR firm they have hired to generate their publicity as well as an OP-Ed article in the name of a British MP who may have been convinced by their campaign under false pretences.

They have secured additional coverage in France, EU and Germany.

They secured a MPs debate on the “Christian Genocide” in the House of Commons in which staff member of the UK PR was referenced as the “private secretary” to the leader of the UK-based Charity.

It is clear from all of the above that the IPOB’s extraordinarily and dubiously well-funded campaign in the US and UK/Europe is misusing the issue of the welfare of Christians purely to further their own political ends, and it seeks to damage inter-religious dialogue in Nigeria as well as to damage the international reputation of Nigeria.

Nigerians and the international community are hereby advised to ignore this campaign as they have disregarded similar past campaigns originated by this group which has been designated as a terrorist organisation by the Nigerian State.

International groups and societies are welcome to send representatives to Nigeria and give a lie to the false claims made by these terrorist groups who are duping them of their money and involving them in conduct and activities disguised to destroy the harmonious relationships existing between their home countries and Nigeria.

Garba Shehu

Funmilola Faleye
Funmilola Faleye

Funmilola Faleye is a Digital Marketing Specialist, with SEO and word press proficiency, also, she is an Artificial Intelligence (AI) Enthusiast, Personal Branding, and Public Relations Manager. She writes everything tech and general pop culture. She sees and talks with her pen.

Tags: IPOBIPOB Self-Proclaimed Jews Using Christianity to Wage War Against the Nigerian State

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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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