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    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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Nollywood Stakeholders pay glowing tributes to Late Peace Anyiam-Osigwe at Industry Night

Seunmanuel Faleye by Seunmanuel Faleye
February 10, 2023 - Updated on October 8, 2024
in Featured Story, News Bite, Show Biz
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Practitioners in Nigeria’s movie industry have held an Industry Night of Tributes in honor of one of the industry’s fallen Amazon, the Late Peace Anyiam-Osigwe MFR, February 2, at the National Arts Theatre in Iganmu, Lagos, Apples Bite Magazine reports.

The event was put together by the Association of Movie Producers Nigeria (AMP), in collaboration with the Federation of Registered Nollywood Guilds and Associations of Nigeria.

The well attended event was an opportunity for members of the industry to pay their respects to the late Peace Anyiam-Osigwe, who was an influential figure in the Nigerian movie industry for many years.

It was also an opportunity for the industry to come together and celebrate the life and accomplishments of a woman who made an important contribution to the industry.

A moment of silence was observed in honor of the deceased, and then a presentation of the deceased’s life, including highlights and accomplishments, by a family member.

Buhari, Jonathan, Abdusalam, Gowon, others at Council of State Meeting

The welcome address was said by the chairman board of trustees Olorogun Zeb Ejiro and immediately afterward, tributes started pouring in.

[media-credit id=10 width=300 align=”none”][/media-credit] Nollywood Stakeholders pay glowing tributes to Late Peace Anyiam-Osigwe at Industry Night

Leading the pack was The Federation of Registered Nollywood Guilds and Association of Nigeria, followed by the ED, National Video and Censors Board Alhaji Adebayo Thomas, who apologized to the family for not having come to see them yet, the reason being that he’s still in shock.

He narrated how he met Madam Peace in transit outside the country and how she spent 9 out of 10hrs talking passionately about the Nollywood industry and unfortunately this happened.

[media-credit id=10 width=300 align=”none”][/media-credit]

He further emphasized that Madam Peace was a passionate advocate for the Nollywood industry, and spoke highly of her character, encouraging people to show her the same respect and admiration even in death.

General Manager/CEO of National Theatre, Iganmu Lagos Prof Sunday Ododo also recounted how he met the deceased and how passionate she was about the film industry.

While recounting her experience, Hon. Comm. for Tourism, Arts, and Culture, Pharm. (Mrs.) Uzamat Yusuf-Akinbile noted that she believes that Madam Peace’s passion and hard work have allowed her to make a real difference in the industry.

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[media-credit id=10 width=300 align=”none”][/media-credit] Nollywood Stakeholders pay glowing tributes to Late Peace Anyiam-Osigwe at Industry Night

She recounted fondly how she worked with Madam Peace over time in all the training put together by the Lagos State Government. She however concluded that everyone has to eventually submit to the will of God.

Mrs. Bukola Agbaminoja, Executive Secretary of Lagos State Film, and Censors Board hinted that Madam Peace was a caring individual who was devoted to looking out for her, as evidenced by her regular check-ins and advice. The sudden passing of the latter was a shock to Mrs. Agbaminoja and all who knew her, and they are now struggling to cope with their grief.

[media-credit id=10 width=300 align=”none”][/media-credit] Nollywood Stakeholders pay glowing tributes to Late Peace Anyiam-Osigwe at Industry Night

There was a short interlude before the AMP Patron Chairman Chief Andy Boyo gave his tribute, followed by AMP Past Presidents; Mr. Zik Zulu Okafor, Mr. Ralph Nwadike, Amb Paul Obazele, etc.

Each one spoke fondly of the departed, having worked with her in different capacities to advance the course of the Nigerian movie industry.

Also, Nollywood Presidents of Guilds and Association gave their tributes about her, and notable Nollywood practitioners such as Emma Ogugua, Nneka Moses, Fidelis Dukker, Felix Duke, Agatha Amata, and many others were not left out too.

They all paid glowing tributes to her work, noting her unwavering commitment to growing the Nigerian film industry.

Speaking on behalf of the Anyiam-Osigwe family, brother to the departed, Raymond Anyiam-Osigwe acknowledged all goodwill messages and assured that the family and AAMA team are determined to honor Peace’s legacy and continue the work she was doing, making sure her projects are successful and her voice is heard. They are committed to ensuring that her dream lives on.

Mr. Charles and Mr. George Anyiam-Osigwe, her elder brothers, other family members, and AAMA staff were present.

The vote of thanks was said by the Vice-president of AMP, Amb Dr. Queen Blessing Ebigieson who was so short of words because she still has not been able to come to terms with the demise, she thanked everyone who went above and beyond you make the night of tributes a success and prayed for God to give the association and family The fortitude to be lost,

She just said, “It has happened, no one can question God, we submit to His authority and sovereignty.”

She said Peace has been like her mentor and a sister not just to her but to others in the industry, it is indeed a rude shock.

The candlelight procession which brought the event to a close was anchored by Mr. Paul Obazele and led by Pharm. (Mrs.) Uzamat Yusuf-Akinbile (the Hon. Comm. for Tourism, Arts, and Culture), Mrs. Bukola Agbaminoja (Executive Secretary of Lagos State Film and Censors Board), and every other notable attendee. Mr. Adebayo Thomas and others.

There were entertainment and entertainers at the event, of note are children from the AAMA Training School who did a recitation and sang for her, also a young lady whom she was mentoring among others.

Notable among the attendees were: Members of her family led by her elder brother, Mr. Charles Anyiam-Osigwe, Favour Benson, Paul Obazele, Ralph Nwadike, Lillian Amah-Aluko, Pham. (Mrs.) Uzamat Akinbile-Yusuf (Hon. Comm. For Lagos State Ministry of Tourism, Arts, and Culture), Mrs. Bukola Agbaminoja (Executive Secretary of Lagos State Film and Censors Board), Fred Amata, Joke Silva, Vice President Amb Dr. Queen Blessing Ebigieson, Mr. Tony Chukuma, OLOROGUN Zeb Ejiro, MR Zik Zulu Okafor, MS Chioma Ude, CHIEF Andy Boyo, MS Franca Brown, MS Moji Oyatola, MS Ruth Jacobs, MR AND MRS Keppy Ekpeyong, MRS Memuna Yahaya, AMB Buchi, MRS Nneka Moses, MADAME Agatha Amata, MR AND MRS Fidelis Duker just to mention a few.

Apples Bite Magazine had reported that Peace Anyiam-Osigwe MFR MFR, who had been in a coma for several hours, passed away on January 7 at St. Nicholas Hospital in Lagos.

The event was anchored by Mr. Tony Chukuma, Mrs. Lillian Ama-Aluko, and DR Keppy Ekpeyong.

Peace Corps Partners UK Firm to Train Over 1000 South West Officers in Digital Literacy

Seunmanuel Faleye
Seunmanuel Faleye

Seunmanuel Faleye is a brand and communications strategist. He is a covert writer and an overt creative head. He publishes Apple’s Bite International Magazine.

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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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