Connect with us

News

Why Cryptocurrency, Forex platforms should be banned – Tinubu’s Media Adviser, Onanuga

Published

on

Bayo Onanuga
Spread the love

The Special Adviser to President Bola Tinubu on Information and strategy, Bayo Onanuga, has called for the ban of Cryptocurrency and Foreign Exchange (Forex) platforms operating in the country.

In a post via his official X handle on Wednesday, Onanuga said crypto platforms such as Binance and Kucoin, and forex aggregator like AbokiFX and OctaFx should be banned again.

Onanuga made the statement while reacting to a comment by an X user, Mikael C. Bernard, who shared posts on cryptocurrency and FX rates And stated that “Naira is going to zero”.

The presidential aide said Binance is blatantly setting the exchange rate for Nigeria and hijacking the role of the Central Bank of Nigeria (CBN).

He said the crypto trading platform is facing restrictions in many countries, stressing that crypto should be banned in the country or else this bleeding of our currency will continue unabated.

Onanuga called on the Economic and Financial Crimes Commission (EFCC) and the CBN to move against the platforms, adding that the firms are trying to manipulate our national currency to ground zero.

Maduka College Advert

He wrote: “According to Data Wallet, Binance is prohibited in the United Kingdom by the Financial Conduct Authority from conducting any regulated activities. In Japan, the Financial Services Agency (FSA) banned Binance for operating without the necessary regulatory approval,” the presidential aide said.

Ontario, Canada, has also suspended Binance services following its inability to meet the province’s securities regulation criteria. The Monetary Authority of Singapore also banned Singaporean investors from accessing Binance’s services.

“Binance, facing regulatory showdown in many countries, and causing disruptions in the currency market, should not be allowed to dictate the value of the Naira, not on its crypto exchange platform.

“Other crypto platforms such as Kucoin, Bybit should be banned from operating in our cyberspace. FX platform Aboki should be re-banned.”

Onanuga’s call for a ban on cryptocurrency trading platforms followed the directive of the CBN on February 5, 2021, to Banks, Non-Bank Financial Institutions (NBFIs), and Other Financial Institutions (OFIs), to close accounts of persons or entities involved in crypto transactions.

CBN cited concerns over money laundering, terrorism financing, cybercrime, and the volatility of cryptocurrencies as reasons for the ban.

News

Enugu Lawyer rejects paternity claim after DNA Test results

Published

on

Spread the love

A legal practitioner, Barrister Chinedu Ifeanyi Iloeje, has publicly declared that a man previously believed to be his son is not biologically related to him, following the outcome of a DNA test.

In a public notice published in a newspaper, Iloeje stated that he was allegedly misled by the man’s mother into believing that the individual, identified as Chinedu Francis Iloeje, was his biological son.

According to the notice, DNA testing conducted on the matter established “beyond any doubt” that the man is not his son.

The lawyer further clarified that he never legally adopted the individual, despite the latter bearing the name Chinedu Francis Iloeje.

Disclaimer

Barrister Iloeje explained that the man’s original name is Chinedu Francis Onwualu and stressed that he has no legal or biological relationship with him.

The notice also informed members of the public, the Greater Iloeje Family, the Umuodu Village Union, Uwani Amokwe Town Union, St. Theresa’s Catholic Church Amokwe, Udi Local Government Council, and other stakeholders of his declaration.

Maduka College Advert

He stated that the disclaimer was made in good faith and while of sound mind, urging the public to take note of the clarification.

The publication has sparked discussions on paternity disputes and the increasing reliance on DNA testing to resolve questions of biological parentage.

Continue Reading

News

Obi donates N10 million to burnt hospital in Enugu

Published

on

Mr Peter Obi presenting a cheque of 10 Million Naira to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.
Spread the love

Presidential candidate of the Nigeria Democratic Congress (NDC) in the forthcoming 2027 general election, Mr. Peter Obi, has donated N10 million to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.

The former Anambra State governor handed over the cheque for the donation to the hospital management team when he visited the hospital yesterday.

The hospital belongs to the Reverend Sisters of the Immaculate Heart of the Catholic Church.

Mr Peter Obi inspecting the burnt hospital

Addressing the hospital management team after inspecting parts of the burnt hospital, the NDC presidential candidate commended them for their efforts in contributing to healthcare delivery services.

Telling them that even though they might feel that they were not being appreciated for what they were doing, Obi, however, described healthcare delivery services and education as among the “most critical needs of society” and urged them not to relent in what they were doing.

Maduka College Advert

Accompanied during the visit by his Chief of Staff, Commissioner for Housing, as well as Special Adviser on Media when he was Anambra State governor, Prof. Stella Okunna, Prof. Patrick Obi, and Dr. Valentine Obienyem respectively, Obi assured the hospital management team that he would continue to support them.

Part of the hospital gutted by the inferno and inspected by Obi was the Children’s Ward.

Expressing gratitude on behalf of the hospital management, the Chief Medical Director of Immaculate Heart Hospital, Nkpor, Anambra State, Rev. Sister Dr. Maria Nkiruka Okafor, eulogised Obi for his sacrifices and selfless contributions to humanity.

Disclosing that Obi had already credited the hospital’s accountant with the N10 million donation and that he was even the person who called her to inform her that he had received the sad news of the inferno and promised to donate towards the renovation, Rev. Sister Okafor described him as a rare politician.

She prayed that God would grant him his ambition to become President of the country and enable him to achieve his desire to transform it.

Continue Reading

News

FG, Enugu State target direct China-Enugu Cargo flights by December – Keyamo

Published

on

Aviation Minister, Festus Keyamo
Spread the love

The Federal Government and Enugu State Government are in talks to ensure the commencement of direct cargo flight operations between Enugu and Guangzhou, China, before the end of the year.

The Minister of Aviation and Aerospace Development, Barr Festus Keyamo, disclosed this in Lagos during the launch of the United Air’s newly acquired airplanes on Thursday.

The Minister added said the FG had affected a structural management overhaul at the Akanu Ibiam International Airport, also bringing the airport under a privately run operational framework.

Enugu Airline

“One of our prides in the South is the Enugu International Airport. The Enugu governor approached Mr. President, noting that the airport was not maximising its economic potential under standard bureaucratic structures, and requested to bring in private investors to run it. Mr. President gave the green light.

“As I speak with you, Enugu is now fully privately owned and fully supported by state government, with the clear objective of also turning it into a dedicated cargo hub for the entire Southeast.”

Maduka College Advert

To this effect, therefore, Keyamo said that a high-level bilateral trade negotiations were ongoing with a view to securing direct logistics flights between China and the Southeast by the end of 2026.

“Just two days ago, the Enugu governor and I were actively negotiating the first direct cargo flight from Guangzhou, China, straight into Enugu.

“We are targeting December for the maiden flight. This will allow our Southeast merchants and traders in China to consolidate their goods into unified cargo accounts twice a week, flying straight into Enugu for seamless delivery to hubs like Onitsha and Aba,” he concluded.

It is recalled that Governor Mbah had in July 2025 launched Enugu Air, a state-owned airline, as part of the administration’s integrated blueprint for a modern, multimodal transport ecosystem and the vision to make Enugu a major aviation and logistics hub.

Since then, Enugu Air has grown its fleet from three at inception to six planes with plans to further increase it as it prepares to commence operations to regional destinations like Accra, Libreville, Abidjan in next few months and long haul flight operations to various destinations around the world by the end of the year.

Continue Reading

Trending

Maduka College Advert