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Crypto ban: We acted in Nigerians’ best interest – CBN

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system. Mr Emefiele made the declaration on Tuesday, February 23, 2021, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on its directive to institutions under its regulation. Describing the operations of cryptocurrencies as dangerous and opaque, the CBN Governor said the use of cryptocurrency contravened an existing law. He said given the fact that cryptocurrencies were issued by unregulated and...

Appeal Court strikes out Facebook’s appeal against trademark judgment

The Court of Appeal sitting in Lagos, Tuesday, dismissed Facebook’s appeal challenging the judgment of a Federal High Court, Lagos, which awarded N10 million against it (Facebook) in favour of a Nigerian firm, Double Paws Enterprise, as damages for unlawfully interfering with the use of the firm’s trademark. The appellate court justices that decided the matter were Justices Haruna Tsammani, Oluwayemisi Williams-Dawodu, and Abdullahi Bayero. Justice Bayero read the lead judgment. Facebook had appealed the lower court judgment through its counsel, Jackson Etti. However, counsel to the respondent, Double Paws Enterprise, was Mr Gideon Okebu. Facebook challenged the competence of the appeal and urged the Appeal Court to dismiss the same for being fundamentally flawed. Justice Bayero in the lea...

Victor Osimhen likens his unconscious 30 minutes to a brain reset

Super Eagles and Napoli forward Victor Osimhen has said his 30 minutes of unconsciousness Sunday, ‘felt like a brain reset’ Osimhen was discharged to return to Naples on Monday after spending the night under observation at a hospital in Bergamo following an alarming collapse towards the end of the club’s 4-2 Serie A defeat by Atalanta on Sunday. Osimhen was knocked unconscious in a scary incident during the final minutes of the game after a challenge with Cristian Romero; he was stretchered off the pitch and taken directly to hospital. A close adviser to the player told ESPN that a disoriented Osimhen was shocked when he saw the video of the incident. “He could not believe it when they showed him the video from the incident,” the adviser said. “He said it felt like a brain reset.” Multiple...

Sex worker detained for intent to sell own four-month-old baby

Police in Ebonyi on Tuesday detained a commercial sex worker on allegations she intended to sell her son for N40,000. The baby is four months old and breastfeeding. The mother said she needed to raise money to start a beer parlour. Briefing journalists at the command headquarters, Abakiliki, the Police Public Relations Officer, DSP Loveth Odah, said that the woman was arrested on Friday following a tip off. “So, her name is Chukwube Victoria, she actually told us that she is a commercial sex hawker and that she has this babe which she carrying. “She said that if she leaves here, she would continue to look out for prospective buyer. “But we try to talk to her and to make her see the value of been a mother but she refused. “She even told us that if we allow her to go home with the baby, she ...

Abia government reacts to attack on police station, places N1 million bounty on information leading to recovery of arms

Abia State Government has reacted to yesterday’s attack on Abayi police station in which two policemen were killed and arms carted away by gunmen. The state government is also placing a N1m bounty on anybody who will give infornation to the recovery of arms looted by the hoodlums. To further checkmate criminal activities in the state, Government imposes a ban on Keke/Okada operations between 7pm and 7am in all major cities of the state starting from yesterday. A statement by the commissioner for Information, Chief John Okiyi-Kalu said her attention was “drawn to a mindless and cowardly attack on a police station in Aba by yet to be identified armed hoodlums in the early hours of today (Tuesday), leading to loss of precious lives and carting away of arms and ammunition. “We wish to assure m...

Sheikh Gumi: Fulani herdsmen were pushed into criminality

Islamic Cleric, Sheikh Ahmad Gumi, has maintained his position that some Fulani herdsmen were forced into criminality because they were victims of cattle rustling. Sheikh Gumi restated his position during an interview on Channels Television’s Politics Today on Monday. Sheikh Gumi said: “When I listened to them, I found out that it is a simple case of criminality which turned into banditry, which turned into ethnic war, and some genocide too behind the scene; people don’t know.” The cleric said that while “there is no excuse for any crime; nothing can justify crime, and they are committing crime,” the bandits were forced into criminality. “I think it is a population that is pushed by circumstances into criminality,” he said. “And this is what we should look, let’s remove the pressure, let’s...

Sheikh Gumi: Fulani herdsmen were pushed into criminality

Islamic Cleric, Sheikh Ahmad Gumi, has maintained his position that some Fulani herdsmen were forced into criminality because they were victims of cattle rustling. Sheikh Gumi restated his position during an interview on Channels Television’s Politics Today on Monday. Sheikh Gumi said: “When I listened to them, I found out that it is a simple case of criminality which turned into banditry, which turned into ethnic war, and some genocide too behind the scene; people don’t know.” The cleric said that while “there is no excuse for any crime; nothing can justify crime, and they are committing crime,” the bandits were forced into criminality. “I think it is a population that is pushed by circumstances into criminality,” he said. “And this is what we should look, let’s remove the pressure, let’s...

Coronavirus: Nigeria records 18 more deaths, 645 new infections

A total of 1,831 deaths have now been recorded from COVID-19 in Nigeria after 18 more people died on Saturday, health authorities have said. The 18 deaths on Saturday indicated a significant increase from the eight fatalities recorded on Friday. Nigeria also reported 645 new infections on Saturday, increasing the total number of known cases in the country to 151,553. This is according to an update by the Nigeria Centre for Disease Control (NCDC) Saturday night. Low testing figures in many states has limited Nigeria’s ability to determine the true extent of the spread of COVID-19. A recent general fact sheet published by the NCDC showed that Kogi, Cross River and some other states were not conducting enough tests. More than two-third of the over 151,000 people infected by COVID-19 in Nigeri...