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UK police seize $249.5 million worth of cryptocurrency

The British police on Tuesday said they have seized £180 million ($249.5 million) of an undisclosed cryptocurrency, as part of a money laundering investigation launched against organised crime groups that moved into cryptocurrencies in order to clean their money. The latest seizure happened in less than three weeks after the London police made a £114 million haul on June 24 as part of its money laundering investigation. By this, a cryptocurrency payload totalling £294 million ($408 million) has been reportedly seized so far under the money laundering investigation. “While cash still remains king in the criminal world, as digital platforms develop we’re increasingly seeing organised criminals using cryptocurrency to launder their dirty money,” Reuters quoted Graham McNulty, a metropolitan P...

UNN vice chancellor: Coronavirus pandemic most global challenge since World War II

Prof. Charles Igwe, the Vice-Chancellor of University of Nigeria, Nsukka (UNN) has said that COVID-19 pandemic is arguably the most global challenge since world war II. Igwe said this in Nsukka on Monday during UNN 1st Annual International Conference titled: “A Whole New World; Research, Development and Innovation in the Pandemic Era.” He said that COVID-19 which has killed many people across the globe as well as infected many others has affected the economy, lives, people’s ways of living in virtually every country of the world. “COVID-19 pandemic is the most serious global challenge since the world war II the world has witnessed. “As this has affected the economy, people’s ways of life and behaviour of entire people of the world,” he said. He commended federal government on handling the ...

President Buhari directs security chiefs to recover areas being occupied by criminals

President Muhammadu Buhari has ordered the nation’s security chiefs to recover all areas being occupied by insurgents, bandits and kidnappers across the country. The National Security Adviser (NSA), retired Maj.-Gen. Babagana Monguno, told State House correspondents that the president gave the order during the just concluded meeting of the National Security Council. The meeting was presided by Buhari at the Council Chamber of the Presidential Villa, Abuja, on Tuesday. According to him, no sovereign nation will allow a group of non-state actors to bring it down to its knees and render the state in state of panic, apprehension, mistrust and disorder. “Therefore, both the defence and intelligence organisations have been charged that while we look forward to having a peaceful, non-kinetic reso...

Ex-VP Namadi Sambo advocates shift in Nigerian educational system

Reuters Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others. Sambo made the call in his goodwill message at the 22nd Matriculation of Igbinedion University, Okada, on Saturday in Edo. The former vice president noted that it was the best time for the country to refocus from one size-fits-all approach that creates employees that are not fit for complex jobs. According to him, Nigerian universities must refocus on building of graduates that will create and end poverty among the people and ultimately close the wide social inequality and promote social coefficient in the communities. “As a nation, we must focus our educational system to o...

Ekiti governor mourns Prof. Ibidapo-Obe

Ekiti State Governor Kayode Fayemi has described the death of the former Vice Chancellor of the University of Lagos, Prof Oyewusi Ibidapo-Obe, as a great loss to Nigeria. Prof Ibidapo-Obe died on January 3 after a brief illness. He was aged 71. Governor Fayemi, in a statement signed by his Chief Press Secretary, Yinka Oyebode, in Ado-Ekiti, on Tuesday, said the news of Prof Ibidapo-Obe’s death was received with shock and disbelief since the late Vice Chancellor did not show any signs of illness during their last meeting. The governor, who is an alumnus of the University of Lagos, described the late Prof Ibidapo-Obe as a distinguished scholar and seasoned administrator who excelled in every assignment he undertook, adding that he demonstrated his commitment to excellence during his stint as...

Christmas celebrated under pandemic’s shadow

Hundreds of millions across the world celebrated pared-down Christmas festivities on Friday due to coronavirus restrictions, as Pope Francis called for vaccines for everyone, describing them as “glimmers of hope in this period of darkness and uncertainty”. The pandemic has claimed more than 1.7 million lives and is still running rampant in much of the world, but the recent launching of mass vaccine campaigns has boosted hopes that 2021 could bring a respite. Like so many across the globe, the pope was forced to break with normal Christmas tradition, holding his annual “Urbi et Orbi” speech by video from the apostolic palace, to prevent a crowd from gathering in St Peter’s Square. “I call on everyone, on leaders of states, on businesses, on international organisations, to promote cooperatio...

Yuletide: Police chief orders tight security nations wide

The Inspector-General of Police, IGP, M.A. Adamu, has ordered 24/7 water-tight security arrangement and proactive high visibility patrols in all the States of the Federation and the Federal Capital Territory (FCT), ahead of the Christmas and New Year Celebrations. The IGP gave the directives to all Assistant Inspectors-General of Police and Commissioners of Police in charge of Zonal and State Commands nationwide to ensure a peaceful celebration. The IGP equally directed the Strategic Officers to ensure massive deployment of intelligence and other operational assets of the Force particularly on major highways, airports, railway stations, recreational centres, motor – parks, places of worship, financial institutions, amongst others. They are also to ensure that personnel deployed are adequat...

Governor Fayemi mourns Harry Akande’s demise

Ekiti State Governor Kayode Fayemi has commiserated with the family of the late business mogul and former Presidential aspirant, Chief Harry Akande, who passed on Saturday, aged 77. In a statement signed by his Chief Press Secretary, Yinka Oyebode, the Governor described Akande’s death as an unfortunate and irreparable loss not only to members of his family and the good people of Oyo State but to the nation at large. The Chairman of the Nigeria Governors’ Forum said the late Akande worked his way to the top, built a solid business empire and became influential across the globe through dint of hard work, brilliance and diligence. Fayemi said the Ibadan-born Billionaire ventured into the Nigerian politics with the intent of using politics as a tool for social and economic change, but could n...

Coronavirus vaccine breakthrough raises hopes of rapid global rollout

A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe. Early analysis of trials involving 20,000 volunteers in Britain and Brazil show the vaccine is at least 62% effective after two doses. In volunteers given a different dosing regimen — a half dose, followed by a full dose — that figure rose to 90%. The average efficacy of the two dosing methods is 70%. None of those given the vaccine developed severe COVID-19 illness. Andrew Pollard, director of the Oxford Vaccine Group, said the recent successful trials of three different vaccines by Oxford-AstraZeneca, Pfizer-BioNTech and Moderna, represent a...