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Totality Corp CEO explains why India is still largely untapped for NFTs
Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs). In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass adoption — particularly in some of the lower-tier cities in the country. India has a population of 1.38 billion people and is the second-most populous country in the world sitting just behind China. Last month, the United Nations forecast the country to overtake its competitor sometime in 2023. However, Rustaggi explained that crypto trading and NFT collection are seen as speculative investments — a concept that is frowned upon in In...
Rivers governor calls for workable life insurance scheme for police
Concerned about the recent spate of dastardly attacks on police officers, the Governor of Rivers State, Nyeson Ezenwo Wike, has urged the Federal government to put in place a workable life insurance scheme for all police personnel. The governor said the life insurance scheme should be considered a necessity so that when a police officer dies on duty protecting the public, his loved ones will not be financially divested afterwards. He made the suggestion when the President, Police Officers Wives Association (POWA), Hajia Hajara Alkali Baba, paid him a courtesy call at the Government House, Port Harcourt on Friday. Governor Wike observed that policing has become a risky occupation, and concerted effort must be made by the Federal government to ensure those police officers who risk their live...
Mr. Macaroni: President Buhari’s supporters have lost their humanity
Nigerian Comedian, Debo Adebayo, better known as Mr. Macaroni, has stated that those supporting President Muhammadu Buhari’s administration had lost their humanity. Macaroni disclosed this on his social media page as he lamented the killings and oppression of Nigerians in the nation. The comedian stated that peaceful protest was a Fundamental Human Right and would not change because of “General Buhari’s tyranny.” His tweets read: “Peaceful protest is a Fundamental Human Right. That won’t change because of General Buhari’s tyranny. Anyone who supports this dictatorship has lost their humanity. “Nigerians are being killed, dehumanized and oppressed daily. This is not the Country we pray for!” The comedian tasked youths not to relent in asking for a better Nigeria and good governance. He adde...
Morocco says Madrid seeks to ‘Europeanise’ its crisis with Rabat
Morocco’s foreign minister on Wednesday accused Spain of trying to turn a political crisis between the two countries into an EU problem by focusing on migration and ignoring the root causes. The row blew up in April after Spain admitted the leader of the Western Sahara independence movement, Brahim Ghali, for medical treatment without informing Rabat, which regards the disputed territory as its own. Morocco then appeared to relax border controls with Spain’s North African enclave of Ceuta on May 17, leading to an influx of at least 8,000 migrants. Since then Spain and Morocco have traded accusations of violating good neighbourliness, with Spain saying Morocco used the migrants while Rabat says Spain acted in connivance with “adversaries” of its territorial integrity. “Spain tries to Europe...
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...
Bulgaria to set up its own ‘blacklist’ after U.S. graft sanctions
Bulgaria will set up its own “blacklist” of companies and people associated with three Bulgarians and 64 entities that the United States has imposed sanctions on over alleged corruption, preventing state dealings with them, the interim government said late on Friday. The United States this week blocked assets and cut off access to its financial system to former lawmaker and media mogul Delyan Peevski, government official Ilko Zhelyazkov and fugitive gambling tycoon Vassil Bozhkov. The interim government, in office until a July 11 parliamentary election, is setting up a group of financial and interior ministry officials as well as tax and intelligence officers to identify and list people and entities associated with those under U.S. sanctions. State administrations and companies with state ...
Minister: Nigeria’s earlier break-up prediction failed, others will
Information minister Lai Mohammed says a prediction that Nigeria would break up in 2015 did not materialise, asserting that current predictions by individuals and organisations will also fail. A former U.S. ambassador to Nigeria, John Campbell, and one other expert had suggested that Nigeria had become a failed state calling on the U.S. government to step to salvage the country from total collapse. Mr Mohammed stated, “This declaration is merely the opinions of two persons, former U.S. Ambassador to Nigeria and a Senior Fellow at the Council on Foreign Relations John Campbell, and the President Emeritus of World Peace Foundation, Robert Rotberg. “Declaring any nation a failed state is not done at the whims and caprices of one or two persons, no matter their status. Just because Nigeria is ...
Presidency: Nigeria adopting best practices on debt management
The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has said that Nigeria is adopting the best practices of sustainable loan debt management as the repayment plan of the debt is tied to the projects for which the loan is taken. Senator Ita Enang disclosed this while presenting the keynote address at the Chartered Institute of Taxation of Nigeria 2021 Fellow Conferment Ceremony recently in Lagos. Speaking of the topic “Nigeria Adopting Best Practices in External Borrowing and Debt Sustainability” the Presidential Aide noted that “all the terms and conditions of the loan are laid before the National Assembly and approved in details before execution. According to him,” this is to avoid the terms being approved by the National Assembly after th...
UEFA supremo: Barcelona, Real Madrid & Juventus ‘paralysed themselves’ with ‘strange’ Super League approach
Barcelona, Real Madrid and Juventus have “paralysed themselves” with their “strange” approach to the Super League, according to UEFA president Aleksander Ceferin. A controversial proposal for a new competition to rival the Champions League was met with universal condemnation in April, leading to the withdrawal of nine of the original 12 founding clubs. The Super League plans were subsequently put on hold, but Barca, Real and Juve have vowed to continue pushing for change despite being threatened with serious sanctions by UEFA, who are in the process of investigating their involvement in the breakaway. The three remaining clubs released a statement criticising European football’s main governing body last week, which read: “FC Barcelona, Juventus FC and Real Madrid CF wish to express their a...
House displeased with EFCC over delay in disposal of recovered N46 billion from ex-oil minister
The House of Representatives has expressed displeasure with the Economic and Financial Crimes Commission (EFCC) over the delay in disposing of the N46 billion assets seized from the former Petroleum Minister, Mrs Diezani Alison-Madueke. The Chairman of the Ad hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation, Hon. Adejoro Adeogun, expressed his displeasure on Friday when the Chairman of the EFCC, Mr. Abdulrasheed Bawa, appeared before the committee. The chairman of the committee opined that it was not ideal to continue keeping such recoveries as they were losing value over time. He said: “Given the financial situation of Nigeria, sho...
Constitution review: States creation tops list of submissions at North East public hearing
YouTube States creation topped list of demands by groups from Adamawa and Taraba States at Thursday’s public hearing on the review of 1999 Constitutional in Gombe. Newsmen report that the groups wanted creation of Amana and Gongola out of present Adamawa State and Mambilla out of the present Taraba State. Ahmad Sajoh, the leader of the movement for Amana State, said the struggle for the creation of the state had been on for years. Sajoh said since 1961 when the area was moved into Nigeria from Cameroon, it had been an independent entity and it was the wish of the people to have a state of their own. He said: “The then Premier of Northern Nigeria, Sir Ahmadu Bello, the Sardauna of Sokoto, convinced us to be part of Nigeria on the condition that the area shall be an autonomous province with ...
House invites CBN governor on recovered loots
The House of Representatives ad hoc committee investigating the assessment and status of recovered loots has invited the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it. The Chairman of the committee, Rep. Adeogun Adejoro, who extended the invitation on Thursday in Abuja said that it was necessary for the committee to know the number of recovered loots and where they were being kept. The Minister of Finance, Hajia Zainab Ahmed had told the committee that she had no idea of the number of accounts being used to keep the recovered loot. She, however, said that the ministry had a record of what had been recovered and the amount that had come into the account. She stated that N50 billion was provided from recovered loot to fund the 2020 budget, adding that the...
