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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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RESIGNATION: “Nigerians, Help Me” Wife Of Rivers Ex-HoS Raises Alarm About His Whereabouts

Madukwe Nwabuisi by Madukwe Nwabuisi
March 29, 2025
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RESIGNATION: "Nigerians, Help Me" Wife Of Rivers Ex-HoS Raises Alarm About His Whereabouts
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The political situation in Rivers State led to more drama and twists on Friday, peaking with a cry for help from Florence Nwaeke, the wife of former Head of Service (HoS) of the state, George Nwaeke. 

“When he got to Abuja, he called that he had landed. I said, ‘Thank God’,” she said.

“The next thing I saw this night: people were calling me and said he got an interview. I said, ‘What interview? Interview for what?’ Not until I saw things flying on the internet that he granted an interview. What happened? I said, ‘That is not my husband. That is not my husband.’

“So I sent him a message. I said, ‘Are you under duress?’ I sent him a message. I said, ‘Have they kidnapped you? Talk to me now. Why are you not talking to me?’ This is the message I sent to him when I saw his interview online.

“Oh, Jesus, help me. Nigerians, help me. My husband is in trouble. My husband is in trouble. My husband is in trouble. My husband is in trouble. Look at the message I sent to him. See the message I sent to him. I said, ‘Daddy, why? Were you in hostage?’ I said, ‘Why didn’t you talk to me?’ These are the messages I sent to him, but he didn’t reply to me. His numbers are not going through. Nigerians, help me! Nigerians, help me!”

Her cry for help came hours after her husband had given an exclusive interview in which he levelled several allegations against Rivers Governor Siminalayi Fubara. Among other things, he accused the governor of planning to support Bauchi State Governor Bala Mohammed in the 2027 presidential election and also meeting with and encouraging militants to carry out attacks on oil facilities and other assets.

Mrs Nwaeke, in another video, called on Governor Fubara to intervene over her husband’s whereabouts.

“Governor, help me. My husband is in trouble,” she said. “He is in trouble,” the woman said, claiming the husband resigned under duress.

In her cry for help, Mrs Nwaeke said her husband was in trouble and was being forced to confess to things he knew nothing about and that he had resigned to avoid trouble.

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Beyond raising the alarm in an interview with Channels TV, she also made a call to Governor Fubara pleading with him to help her husband.

‘Nwaeke Has Been Compromised’

Meanwhile, Governor Fubara in a response to Nwaeke’s claims suggested he may have been paid or coerced to have made the “false” claims against him.

“The truth is that Dr. Nwaeke has been compromised, and whatever he is saying is only aimed at fulfilling his promise to those who may have paid or coerced him to lie against me,” Fubara said in a statement he issued late Friday.

The governor backed his position with screenshots of chats said to have been between Mr Nwaeke and his Chief of Staff, Ederson Ehie.

The chats suggested that Mr Nwaeke had been reaching out to Ehie for funds and support in exchange for his loyalty, claiming that he earns N500,000, which was inadequate to meet his needs.

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: HoSRivers

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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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