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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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    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

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    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

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    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

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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

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Rufai Oseni Breaks Down on Live TV Over Nigeria’s Economic Decline

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Tinubu Wanted Young Female Deputy Governor, Says Hamzat

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    Bode George Blames Excessive Land Reclamation for Lagos Flooding

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    FG to Publish Poverty, Income Data to Measure Impact of Economic Reforms – Oyedele

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    Barcelona Reveals Story Behind Messi’s Iconic Photo With Baby Lamine Yamal

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    FG Renames Lagos-Calabar Coastal Highway in Honour of Tinubu

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

    NLC Moves To End NURTW Crisis As MC Oluomo, Baruwa Agree To Peace Talks

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Rufai Oseni: Charting a Unique Path in Journalism for Nigerian Progress

Seunmanuel Faleye by Seunmanuel Faleye
November 5, 2023 - Updated on August 14, 2024
in Career
Reading Time: 3 mins read
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Rufai Oseni: Charting a Transformative Path in Journalism for Nigerian Progres

Rufai Oseni: Charting a Transformative Path in Journalism for Nigerian Progres

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Rufai Oseni is a seasoned journalist with a remarkable career spanning 18 years, during which he has continuously strived to optimize every aspect of his work for improved and positive challenges. His belief that life is a succession of problems has driven him to seek problems associated with his growth, transforming each obstacle into an opportunity for personal and professional development.

Career Highlights:

JFM Radio Warri (2003–2012):
Rufai Oseni began his journey in the world of journalism at JFM Radio Warri, where he honed his skills and passion for storytelling.

Unique FM Ilesa (2012):
In 2012, he joined Unique FM Ilesa, expanding his reach and influence in the field of journalism.

Gold FM Ilesa (2012):
His journey led him to Gold FM Ilesa, where he continued to make significant contributions to the media landscape.

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Ogun State Television Sports Analyst (2012):
Rufai Oseni’s expertise extended to sports analysis on Ogun State Television, showcasing his versatility in journalism.

Ogun State Radio Radio Presenter:
He also served as a radio presenter, engaging and informing his audience with his unique style.

Osun State Government (2012-2013):
As a media consultant for the Osun Youth Empowerment Scheme, Rufai Oseni played a pivotal role in empowering the youth through media initiatives.

Inspiration FM (2012 – Present):
Rufai’s journey continued at Inspiration FM, where he currently serves as an advisory figure, providing valuable insights and guidance.

Eureka Kapital (2014 – Present):
His involvement with Eureka Kapital showcases his dedication to entrepreneurship and business development.

Member of Lagos State Disability Management Think Tank (2015-2017):
Rufai Oseni demonstrated his commitment to inclusivity by serving as a member of the Lagos State Disability Management Think Tank.

BBC Bristol Analyst on African Issues (2014 – Present):
His expertise in African affairs led him to become an analyst for BBC Bristol, where he continues to provide insights on the continent.

TV Continental Analyst on Small Business and Economy (2017):
Rufai Oseni expanded his repertoire as an analyst, particularly in small business and economic matters, at TV Continental.

Facilitator at Nigerian Bar Association Conference (2021):
His knowledge and experience were sought after by the Nigerian Bar Association, where he served as a facilitator during their conference.

Co-host at Arise TV Media (2021-2022, Present):
Rufai Oseni’s dynamic presence extended to Arise TV, where he co-hosted and brought his unique perspective to the forefront.

Teaches English as a Facilitator at NOUN:
His dedication to education is exemplified through his role as a facilitator, where he imparts his knowledge of the English language.

Published Books:

Rufai Oseni is not only an accomplished journalist but also an author of several impactful books that shed light on important aspects of Nigerian society.

“VERITAS: The Tale of a Sleeping Giant”
“Nigerians: The Shelf-Organizing People”
“Penkelemesi: Nigerian Peculiar Mess”
Rufai Oseni’s inspiring journey in journalism and his commitment to embracing challenges as stepping stones to growth make him a noteworthy figure in the field. His passion for storytelling and dedication to making a difference in society continue to drive his career forward.

AMP President Amb Dr. Queen Blessing Ebigieson Receives Special Recognition Award at Abuja International Film Festival’s 20th Anniversary

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.

Tags: Arise TVRufai OseniRufai Oseni: Charting a Unique Path in Journalism for Nigerian Progress

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Recent Posts

  • 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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