Revelations
Binance to liquidate its entire FTX Token holdings after ‘recent revelations’
The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token (FTT), the native token of competing exchange FTX. In a Nov. 6 tweet, Zhao said the decision was made after “recent revelations that have came to light.” In a later tweet, CZ explained the FTT liquidation was “just post-exit risk management” referring to lessons learned from the fall of Terra Luna Classic (LUNC) and how it impacted market players. He also added “we won’t support people who lobby against other industry players behind their backs.” Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won’t pretend to make love after divorce. We are not against anyone. But we won’t supp...
JAMB boss lists major challenges
Prof. Is-haq Oloyede, Registrar, Joint Admissions and Matriculations Board (JAMB) said malpractice and indiscipline are some of the board’s major challenges yet to be fully addressed. The Registrar made this known when members of the Senate Committee on Basic and Secondary Education visited the board’s headquarters in Bwari, Abuja on Monday. Oloyede said that the challenges, unfortunately, were mostly with regards to parents trying to bend the system by all means and get their wards or children into schools, irrespective of their performance. “Our challenge remains examination malpractice, especially with regards to parents who keep calling me to favour their wards or children whether they meet the requirements of the system or not. “There’s also indiscipline from the tertiary institutions...
Police arrest school proprietor for ‘sexually harassing’ 14-year-old
The police in Lagos have arrested one Emmanuel Madueke, the 62-year-old proprietor of Megland Comprehensive School, Lekki, for allegedly sexually assaulting and harassing a 14-year-old student of his school. This was contained in a statement issued on Sunday by the Lagos State Domestic and Sexual Violence Response Team (DSVRT). It stated that the proprietor sexually harassed the student on the day schools celebrated Children’s Day. According to the Coordinator of the DSVRT, Titilola Vivour-Adeniyi, a team comprising of officers of the Lagos State Office of Education Quality Assurance, Lagos State Ministry of Youth and Social Development, and the DSVRT visited the school on June 17 to investigate the claims. The visit was based on the Lagos State Government’s Executive Order on Safeguarding...
N60 billion mint: PDP demands sack of finance minister
The Peoples Democratic Party, PDP, has called for the sack of Finance Minister, Zainab Ahmed, over what it described as an attempt to mislead Nigerians. The call follows her denial of the revelations by the Edo state Governor, Godwin Obaseki, that N60 billion was printed in March to support federal allocation to states.” Edo State governor Godwin Obaseki had earlier in the week, lamented the sorry state of the nation’s economy, stressing that the federal government had to order the printing of currency to the tune of N60 billion to share among the tiers of government, a claim dismissed by the Finance, Budget and National Planning Minister, Zainab Ahmed. In a statement signed by Kola Ologbondiyan, national publicity secretary of the party, the PDP maintained that “the admission by Central B...
