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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

    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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Trump Frowns Over Putin’s Unending War in Ukraine

Madukwe Nwabuisi by Madukwe Nwabuisi
March 31, 2025
in International
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Trump Frowns Over Putin's Unending War in Ukraine
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US President Donald Trump said Sunday he was “very angry, pissed off” with Russian leader Vladimir Putin, NBC reported, marking a sharp change of tone as Washington seeks to end the war in Ukraine.

NBC’s Kristen Welker said Trump had called her to express his fury over Putin questioning Ukrainian President Volodymyr Zelensky’s future as a leader — something that Trump himself has done.

Welker, on her NBC show “Meet The Press” on Sunday, quoted directly from an early-morning telephone conversation with the president.

“If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault… I am going to put secondary tariffs on all oil coming out of Russia,” Trump said.

Trump told Welker that he “was very angry, pissed off” over Putin’s recent comments about Zelensky’s credibility and talking about new leadership in Ukraine.

The US president has been pushing for a speedy end to the more than three-year war since taking office, but his administration has failed to reach a breakthrough despite negotiations with both sides.

Putin rejected a joint US-Ukrainian plan for a 30-day ceasefire, and on Friday suggested Zelensky be removed from office as part of the peace process.

Trump told NBC that Putin knows he is angry, but said that he has “a very good relationship with him” and “the anger dissipates quickly… if he does the right thing.”

– Russia bolstered –

Warming ties between Washington and Moscow since Trump’s return to office and his threats to stop supporting Kyiv have bolstered Russia on the battlefield as it pursues its floundering invasion.

Ukraine has accused Russia of dragging out talks with no intention of halting its offensive, with fresh attacks on the northeastern border city of Kharkiv.

Six strikes hit overnight Saturday into Sunday, wounding personnel undergoing treatment at a military hospital and killing at least two people in a residential building, according to Ukrainian officials.

Russian forces also captured a village just seven kilometers (four miles) from the border of Ukraine’s central Dnipropetrovsk region in their latest advance, Moscow said Sunday.

The Kremlin’s troops have not crossed the boundary of the region since their offensive began in 2022, but they have been grinding towards it for months in the hope of a breakthrough.

– No ceasefire –

Putin, in power for 25 years and repeatedly elected in votes with no competition, has often questioned Zelensky’s “legitimacy” as president, after the Ukrainian leader’s initial five-year mandate ended in May 2024.

Under Ukrainian law, elections are suspended during times of major military conflict, and Zelensky’s domestic opponents have all said no ballots should be held until after the conflict.

Trump has himself had rocky relations with Zelensky, calling him a “dictator” and clashing with him live on camera at the White House last month.

Zelensky, in his evening address on Saturday, sought to rally his country’s allies against Putin.

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“For too long now, America’s proposal for an unconditional ceasefire has been on the table without an adequate response from Russia,” Zelensky said.

“There could already be a ceasefire if there was real pressure on Russia,” he added, thanking those countries “who understand this” and have stepped up sanctions pressure on the Kremlin.

Both Moscow and Kyiv agreed to the concept of a Black Sea truce following talks with US officials earlier this week, but Russia said the deal would not enter into force until Ukraine’s allies lifted certain sanctions.

Explaining the secondary tariffs threat, Trump told NBC it would make it such that “if you buy oil from Russia, you can’t do business in the United States.”

“There will be a 25 percent tariff on all oil, a 25 to 50 point tariff on all oil,” he said, without giving further details.

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: PutinTrump

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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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