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Gary Gensler finds new audience for his crypto skepticism: the US Army

United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army. On Jan. 11, the U.S. Army hosted its first Twitter Spaces event of 2023, with Gensler and SEC commissioner Caroline Crenshaw joining the discussion to provide financial advice on how and where U.S. soldiers should invest their money. https://t.co/oRjE3pDc8C — U.S. Army (@USArmy) January 11, 2023 Sergeant Lawrence Holmes noted “there are soldiers that look for those alternative investments [such as] crypto assets,” asking the pair what risks there were to crypto investing. “It’s the Wild West,” Gensler answered, adding that “most of these 10,000 or 15,000 tokens will fail.” “History tells us there’s not much room for micro currencies...

House concurs with Senate, approves $6.183 billion external loan request

The House of Representatives has approved the federal government’s request for $6.183 billion (N2.343 trillion) as external borrowing in 2021 Appropriation Act. The approval followed the consideration and adoption of clauses in the report presented by the committee on Aids, Loans and Debt Management, chaired by Hon. Ahmed Dayyabu Safana. The House also gave approval for the bill seeking to establish a Defence Research and Development Bureau (DRDB) to conduct and coordinate robust research and development in the Armed Forces of Nigeria. The approval was sequel to the consideration and adoption of the 5 parts and 34 Sections of the Bill’s report, presented by Chairman House Committee on Defence, Hon. Babajimi Benson. Presenting the report, Benson said the objective of the Bureau was to condu...

NEMA: Why we held simulated terror attack on Abuja stadium

The National Emergency Management Agency says the simulated terrorists attack on the Moshood Abiola National stadium, Abuja is to prepare relevant agencies for coordinated emergency response. The News Agency of Nigeria reports that the exercise held on Wednesday. Mustapha Ahmed, the Director-General of NEMA said this in an interview with newsmen at the event organised by the Office of the National Security Adviser (NSA) with planning and assistance from the U.S. and UK. NAN reports that the exercise code named “Idahun Kankan’’ Yoruba words meaning (Quick Response) saw a simulated bomb attack and marauding gunfire in the stadium while a match was going on. The simulated attacks left many spectators feigned maimed, wounded and others scampering for safety and escape. Following notification, ...

Somali execute 18 al-Shabab militants

Hamza Mohamed/Al Jazeera Eighteen al-Shabab militants were executed on Sunday in Galkayo town of Mudug, the Puntland State of Somalia, after being sentenced to death earlier by the court. The Chairperson of Puntland state court, Mohamud Abdi Mohamed, said that the court proceedings followed through different stages before the execution. “Puntland State Court of Armed Forces executed 18 al-Shabab militants this morning. “The convicts were all behind the killings of many of our important people here. “The court took the right action against them,’’ Mohamed said. Al-Shabab militants termed the execution as a massacre of innocent civilians by the Puntland state. The militant group has carried out a series of assassinations and bombings in Galkayo and other parts of the Mudug region. Puntland o...

Two injured in church bomb blast in eastern DR Congo

A makeshift bomb exploded inside a Catholic church in the city of Beni in the DR Congo’s conflict-plagued east on Sunday, injuring two just an hour before a children’s Confirmation ceremony was due to be held. The head of police in Beni’s town hall Narcisse Muteba Kashale told AFP that the explosion occurred at 06:00 and that experts from the UN’s mission to DR Congo had told “us it is a home-made bomb, a bomb that was set up for an ambush”. Beni’s vicar general Laurent Sondirya said two people were injured in the blast, which went off before crowds would have gathered to attend the Confirmation ceremony. “They were targeting a large crowd because the ceremony would bring together children, their parents and the faithful,” he told AFP, adding that “mass would not be postponed”. Traces of b...

NAF chief: Armed forces committed to end insecurity

The Chief of the Air Staff (CAS), Air Marshal Oladayo Amao, yesterday declared that the Armed Forces remained committed to ending the crisis of insecurity ravaging the nation. He said the expected delivery of six A-29 Super Tucano fighter jets by the United States in July and two drones from China, would be a “game changer” in the war against insurgency. The position of the air force chief is coming on a day the Minister of Transportation, Hon. Rotimi Amaechi, sought the assistance of the Chief of Army Staff, Maj. Gen. Farouk Yahaya, to provide security for train stations and railway construction sites across the country. Speaking at the graduation ceremony of 1,031 recruits of the Nigerian Air Force (NAF), Basic Military Training Course 41/2020, Amao affirmed that “the NAF in consonance w...

INEC to create 2,673 centres as continuous voter registration resumes

The Independent National Electoral Commission said it plans to create 2,673 registration centres and deploy 5,346 officials for the Continuous Voter Registration scheduled to resume June 28. INEC Chairman, Prof. Mahmood Yakubu, disclosed this at the commission’s emergency meeting with security agencies under the auspices of the Inter-agency Consultative Committee on Election Security. Yakubu said that INEC was preparing for the resumption of the nationwide CVR to enable Nigerians who have attained the age 18 years and those who did not register previously to do so. He said: “Similarly, registered voters who wish to change their voting locations and those who wish to correct their names and other details on their Permanent Voters Cards can do so. “We plan to create 2,673 registration centre...

Kaduna plane crash: President Buhari orders flag flown at half-mast

President Muhammadu Buhari has ordered flag to be flown at half-mast in honour of Lt. General Ibrahim Attahiru, the late Chief of Army Staff and 10 others who died in the Friday air crash. In a statement by Secretary to the Government of the Federation, Boss Mustapha, the flag is to be flown in all public buildings, facilities and official residences from Monday, May 24 to Wednesday, May 26th. Buhari has also approved Monday as work free say for members of the Armed Forces. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give us...

CDS hailed over free medical treatment in Kano

The Chief of Defence Staff, Gen. Leo Irabor, has received commendation for the recently concluded two-day free medical treatment in Bichi Local Government Area of Kano State. About 1000 persons benefitted from the programme which had as theme: “The Role of Diet in the Management of Hypertension and Diabetes.” Commending the CDS for the Initiative, the Nigeria Youth Alliance (NYA), said the programme was designed to sensitise communities on preventive and curative measures of the diseases. The CDS who was represented by Col. Vincent Abu, the Commandant, Armed Forces Specialist Hospital, Kano, at the inauguration of the programme, said that the exercise was aimed at improving the health status of people at the grassroots. NYA in a press release signed by the President, Atanda Mojeed and Secr...

WTO chief: ‘Safe Schools Initiative’ to stop abduction of students

The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, on Wednesday expressed hope that the ‘Safe Schools Initiative’ will help stop the incessant abduction of students across Nigeria. Nigerian women on Wednesday came out en masse to welcome Okonjo-Iweala in her first homecoming since she became the director-general of WTO, during a visit to the Ministry of Women Affairs in Abuja. Addressing the crowd which included Senators and members of the National Assembly, former Ministers, wives of former governors, women in the Armed Forces, women societies, female political aspirants, Civil Society Organisations, as well as students, Okonjo-Iweala expressed deep concern about the incessant abduction of girls and boys in schools. The WTO boss who noted that it is shamef...

CDS Irabor: Nigeria will have peace again

Chief of Defense Staff General Lucky Irabor has said that the Nigerian Armed Forces will never in any way leave the peace and security of the nation in the hands of the terrorists. General Irabor, who spoke with State House correspondents after being decorated with his new rank by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja said the Armed Forces will determine the peace and will not leave it in the hands of the terrorists. He was before his appointment as CDS a Major General. Fielding question on the role played by the Nigerian military in the recent negotiations that led to the release of the school children from their abductors, he said that the security agencies built bridges across various divides. According to him, “Peace and security is not just the s...

Osun governor condemns ethnic colouration in fight against terrorism

Governor Gboyega Oyetola of Osun State has condemned the ethnic coloration in which the fight against terrorism and insurgency is taking in Nigeria. Oyetola, however, called on Nigerians to form a collective synergy with the aim of bringing an end to the worrisome security situation bedevilling the nation. Oyetola, who was represented by the Secretary to the State Government, Prince Oluwole Oyebamiji, on Saturday at an international colloquium organised in honour of Prof. Siyan Oyeweso’s 60th birthday and Book Launch held at Western Sun International Ede, Osun State, flayed the ethnic coloration the issue of security is taking in the country. The governor called on security operatives to go after criminals devoid of any kind of sentiment. According to him, the menace of terrorism and insur...