Visblog

Four Nigerian fintech companies have been directed by the Central Bank of Nigeria (CBN) to suspend onboarding new customers. The affected fintech are OPay, Palmpay, Kuda Bank, and Moniepoint. This directive comes amidst investigations into allegations that accounts on these platforms have been used for illegal foreign exchange transactions. A representative from two of the affected companies confirmed the CBN’s order is linked to these accusations. However, they noted that the directive might be misdirected, as the majority of the implicated accounts belong to commercial banks, not fintech platforms. “I can confirm that 90% of the accounts implicated in the illicit forex transactions are with commercial banks, and only 10% are with fintechs,” one of the sources said. “Why then has the CBN not extended this directive to the commercial banks? We face a widespread issue here, and targeting fintechs seems like an unfair focus on the more vulnerable targets.”

The Governor of Edo State, Godwin Obaseki, on Monday, April 29, approved a new minimum wage of N70,000 for civil servants in the state. The governor made the announcement at the inauguration of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City. According to him, the new wage comes into effect on May 1st, 2024.

The Benue State Governor, Rev. Fr. Hyacinth Alia, on Friday, asked his predecessors to refrain from interfering in his administration, saying they already had their term. The governor gave the warning while briefing journalists in Makurdi on his return from the United States of America. Though, the governor did not particularly mention anybody, the immediate past governor of the state, Samuel Ortom had during the celebration of his 63rd birthday said that those advising the governor to be at daggers drawn with the Secretary General of the Federation, Senator George Akume, did not have the interest of the state. But speaking to journalists in Makurdi, Alia asked his predecessors to henceforth shut up. The governor stated that he would not allow anyone to destabilize his administration. He said, “I can’t allow anyone whether a former governor or Civil Servant. If you are a former governor and you have nothing to contribute to Benue, shut up. You had your term you went through it, and all...

A Kogi State High Court sitting in Lokoja has ordered the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, to appear in court on May 13, 2024, to show cause why an order of committal should not be made against him for allegedly disobeying court order. The EFCC boss is facing a contempt charge for carrying out “some acts upon which they (the EFCC) have been restrained” by the Court on February 9, 2024, pending the determination of the substantive Originating Motion. Justice I. A. Jamil, delivering a ruling in Suit No: HCL/68M/2024 and Motion No: HCL/190M/2024, ordered that “the said act was carried out by the Respondent (EFCC) in violation of the order, which was valid and subsisting when they carried out the act. That same act of the Respondent amounts to Contempt. EFCC operatives had laid siege on the residence of the immediate past Governor of Kogi State, Alhaji Yahaya Bello, as early as 8 am on April 17, 2024, with a bid to arrest him, despite a court ...

The President General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu has appealed to the warring factions in the Rivers State to sheath their swords and allow peace to reign. Chief Iwuanyanwu who made the appeal while answering questions from journalists in Owerri said the misunderstanding between the group loyal to the Minister of the FCT, Nyesom Wike, members of Rivers House of Assembly and Governor Siminalayi Fubara should be resolved amicably. The Ohanaeze Ndigbo’s leader noted that such resolution is in the interest of peace, development of the people of Rivers State, the entire Eastern region and Nigeria in general. He stressed that Ohanaeze Ndigbo was observing the situation with great concern and is very uncomfortable with the development. Chief Iwuanyanwu noted that both former Governor Wike and his successor are their sons and wondered why they could not come to a roundtable to resolve their differences so that Rivers State can progress. He emphasised that only the F...