Compliance
CrossTower eyeing further crypto acquisitions outside of Voyager bid
Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite the current bear market, stating: “We’re in a great place to either acquire entities who have a good set of customers with them and a good balance sheet […] so we are openly looking at different types of companies from an organic growth perspective.” In September, CrossTower was one of the companies reported to be competing to acquire the assets of bankrupt crypto lender Voyager Digital, along with FTX and Binance. FTX Trading eventually...
AGF Malami meets with Ohanaeze over Nnamdi Kanu
The legal team of the Ndigbo Group has met with the Attorney General of the Federation and Minister of Justice, Abubakar Malami, to monitor the proceedings relating to the leader of the Indigenous People of Biafra, Nnamdi Kanu. This was disclosed in a statement issued by the Special Assistant on Media and Public Relations to the Office of the AGF, Jibrilu Gwandu. The statement stated that the position of Ohanaeze Ndigbo on the issue of Kanu demonstrated their recognition of belonging to Nigeria and succumbing to the rule of law. “The group showed a mature departure from the mindset of the proscribed Indigenous People of Biafra when Ohanaeze said they ‘do not support the use of any form of violence’ while channelling concerns and presenting demands. “By urging the youths to be law-abiding a...
Obudu contract debt: Appeal court reserves judgment against Cross River
The Abuja division of the Court of Appeal has reserved judgment in the appeal filed by a private firm, Zedici Capital Ltd, against the Cross River State Government over a N3.8 billion contract debt. The appellant, Zedici Capital Ltd, is the firm that remodelled the Obudu Mountain Resort in Cross River State, now a subject of litigation. The three-member panel of the Court of Appeal, headed by Justice Peter Ige, reserved the date after counsel to the parties had adopted their legal submissions for and against the appeal, that is challenging the judgment of a High Court of the Federal Capital Territory (FCT), which had in 2019, refused to affirm the arbitral award to Zedici Ltd over its investment of N3.8 billion in the resort. Justice Ige announced that a date for the judgment would be comm...
Presidency: Niger Delta Avengers’ threat unnecessary
File Photo The Presidency on Sunday reacted to the threat by the Niger Delta Avengers to bomb oil installations if some demands were not met by federal government, saying the recent threat of force by the Avengers is unnecessary. It, however, said it was curious that the threat was coming barely 48 hours after President Muhammadu Buhari met with the leadership of the Niger Delta and Ijaw National Congress (INC), at the State House, Abuja and the germane issues, especially call for restructuring of the federation, and the inauguration of a Board for the Niger Delta Development Commission (NDDC), had been thrashed out. A release on Sunday by the Media Adviser to the President, Femi Adesina, stressed that the media was Sunday awash with threats and demands by a group, Niger Delta Avengers, to...
Imo: Army chief asks troops to redouble effort in fighting IPOB
The chief of army staff, Faruk Yahaya, has asked troops deployed in Imo to redouble their effort in the fight against the proscribed Indigenous People of Biafra (IPOB). The army chief who made the call while he visited the troops said he was in the state to have an assessment of the security situation. There has been a series of attacks in Imo in recent weeks. IPOB has been accused of perpetrating the attacks, but the group has continued to deny the allegation. In a statement on Wednesday, Onyema Nwachukwu, army spokesperson, said the army chief also hailed the troops for their resilience. “The Chief of Army Staff ( COAS) Maj Gen Faruk Yahaya has lauded the resilience and doggedness of troops of 34 Brigade and operatives of other security agencies in turning the tide of the recent spate of...
White House: No plans for Joe Biden to meet new Iranian leader
There are currently no plans for U.S. President Joe Biden to meet with Iran’s newly elected leader, according to the White House, which downplayed Ebrahim Raisi’s influence. Raisi, a strident critic of the West, will take over from pragmatist Hassan Rouhani on Aug. 3 after an election on Friday. In a news conference on Monday, he backed talks to salvage a tattered nuclear deal with Washington but ruled out personally meeting with Biden. read more White House press secretary Jen Psaki said on Monday that little had changed because Supreme Leader Ayatollah Ali Khamenei is the key decision maker in Tehran. “We don’t currently have any diplomatic relations with Iran or any plans to meet at the leader level,” she told reporters. “Our view is that the decision maker here is the Supreme Leader.” ...
Minister: Why Twitter, other platforms must register to operate in Nigeria
The Federal Government says its directive that Over the Top (OTT) and social media platforms operating in the country must register and obtain license to operate is in conformity with global trend. The Minister of Information and Culture, Alhaji Lai Mohammed, said this on Friday when he featured on Nigerian Television Authority (NTA) programme “Good Morning Nigeria’’ monitored by newsmen. NAN reports that the Federal Government recently suspended operations of Twitter and directed that all OTT and social media platforms operating in the country must register with Corporate Affairs Commission. The Federal Government said they must also apply for licensing with the National Broadcasting Commission ( NBC). NAN reports that OTT media service is a media service offered directly to viewers via t...
Anambra election: Political parties start primaries today
In line with the guidelines of the Independent National Electoral Commission (INEC) for the conduct of next year’s Anambra state Governorship Election, primary elections by political parties to democratically nominate their candidates for the election will commence today (Thursday). Also the collection of nomination forms from INEC Headquarters has started even as the Commission had on Wednesday, June 9, 2021, implemented the first activity on the Timetable by publishing the official Notice for the election in its offices in Anambra state. This cheering news was disclosed in a terse statement by Rotimi Oyekanmi, Chief Press Secretary to INEC Chairman, Professor Mahmoud Yakubu. The statement read in parts: “It will be recalled that on 19th January 2021, the Commission published the Timetabl...
Iran says nuclear talks policy won’t change after presidential vote
Iran’s policy in talks with world powers to revive the 2015 nuclear accord will remain unchanged after a June 18 presidential election because the issue is decided by its highest leadership, a government spokesman said on Tuesday. A host of barriers to the revival of the nuclear deal remain firmly in place ahead of talks due to resume this week, suggesting a return to compliance with the accord is still a way off, diplomats, Iranian officials and analysts said. “We have shown that we adhere to our international obligations under all circumstances, and this was a national decision,” cabinet spokesman Ali Rabiei told a weekly news conference. Rabiei said Iran’s nuclear policy, set by Supreme Leader Ayatollah Ali Khamenei, is not linked to internal developments and that the new government wou...
Nigerian government asks judiciary, parliamentary staff to call off strike
The Federal Government has directed members of the striking Judiciary Staff Union of Nigeria (JUSUN) and the Parliamentary Staff Association of Nigeria (PASAN) to “urgently” call off their over-two-month-old strike. The Minister of Labour and Employment, Chris Ngige, gave the directive in a statement on Tuesday, threatening that the government might be forced to invoke “sections of the Trade Disputes Acts” if the strike persisted longer. The threat is a government’s familiar warning of possible introduction of “no-work-no-pay” policy to break adamant striking workers. “The ministry will not be happy to be pushed into invoking sections of the Trade Disputes Acts capable of eroding all the gains made so far in the negotiations since May 6, 2021,” the statement signed by the ministry of Labou...
JUSUN strike: How we decongested our cells – Police
The police in Lagos say they have devised means to decongest their cells amidst the prolonged strike by the Judicial Staff Union of Nigeria (JUSUN). The police spokesperson in the state, Muyiwa Adejobi, told the News Agency of Nigeria (NAN) on Tuesday that the decongestion was carried out in collaboration with the office of the Chief Judge and Attorney-General of the state. NAN reports that JUSUN, on April 6, directed its members to shut down all courts across the country, demanding the implementation of the law granting financial autonomy to the Judiciary. “The command had been managing the situation in collaboration with the office of the state chief judge,” Mr Adejobi said. He, however, did not give the number of suspects that had been granted bail. “We work with the office of the CJ an...
Nigeria orders broadcasters not to use Twitter to gather information
Nigerian television and radio stations should not use Twitter to gather information and have to de-activate their accounts, the broadcast authority said following the move to suspend the US social media giant in Africa’s most populous country. Nigeria’s government on Friday said it had suspended Twitter’s activities, two days after the platform removed a tweet by President Muhammadu Buhari that threatened to punish secessionists. Nigerian telecoms firms have since blocked access to Twitter. International diplomats responded with a joint statement in support of “free expression and access to information as a pillar of democracy in Nigeria”. Buhari, who was Nigeria’s military ruler in the 1980s, has previously been accused of cracking down on freedom of expression, though his government has ...
