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Ndoma
Huge Win For Anti-Corruption War As EFCC Recovers $20m Crypto Loot
~1.9 mins read
Abuja - The Economic and Financial Crimes Commission (EFCC) on Tuesday, June 15, disclosed that it has recovered about $20m worth of cryptocurrency from internet fraudsters,Daily Nigerian reports.
Abdulrasheed Bawa, the chairman of the commission who made the disclosure while speaking on Channels Television breakfast show, Sunrise Daily, said the loot had been saved in the EFCC’s e-wallet.
The chairman, Economic and Financial Crimes Commission, Abdulrasheed Bawa

Abdulrasheed Bawa, the chairman of EFCC said the anti-graft agency has recovered about $20m worth of cryptocurrency loot. Photo credit: @officialEFCC

Bawa explained that the ban on cryptocurrency by the Central Bank of Nigeria (CBN) assisted in limiting avenues through which criminals launder the proceeds of their crimes in the country, The Punch added.
New survey shows Nigerians don't want CBN's digital currency

CBN clamps down on cryptocurrencies

About four months ago, CBN declared that cryptocurrency won't be allowed as either payment or investment option in Nigeria.
Though the apex bank labelled crypto as a currency used for illegal activities, CBN governor Godwin Emefiele, however, hinted the financial regulator is considering allowing Nigeriansopenly trade cryptocurrency.
Back in February, CBN ordered banks and other financial institutions to identify persons and entities operating cryptocurrency exchanges and close all such accounts.

Former CBN deputy governor says cryptocurrency remains a risk

The former deputy governor of the CBN, Kingsley Moghalu, said the losses recorded in cryptocurrency is like every other financial asset.
Moghalu said cryptocurrency is always a risk, and the decline being experienced in the crypto market is not unusual as shares in the capital markets also share the same fate.
According to Moghalu, the decline in the digital asset might be the best signal for interested investors to buy - although he stated that he wasn't giving investment advice.
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Ndoma
Buharis Govt Has Failed: Disquiet As PDP Confirms Talks With APC Lawmakers Planning To Join Party
~1.5 mins read
The Peoples Democratic Party (PDP) has disclosed that some chieftains of the All Progressives Congress (APC) are planning to dump the party.
The opposition disclosed that those planning to defect are some House of Representatives members.
PDP: We’re in talks with APC reps who want to join our party

The PDP confirmed talks with lawmakers “trapped in APC” Photo credit: Official Peoples Democratic Party (PDP) Nigeria

The party's spokesperson, Kola Ologbondiyan, said the APC lawmakers are not happy with the failure of the current administration led by President Muhammadu Buhari to address the rising insecurity challenges.
This was disclosed in a statement shared on PDP's social media pages on Saturday, May 1.
We pray sponsors of insecurity are not opposition members: APC replies PDP, reveals what Buhari is doing
Ologbondiyan advised the APC leadership in the House of Reps to stop whining over the decision of the lawmakers.
The statement read:
“For the avoidance of doubt, our party confirms being in talks with patriotic Nigerians who are trapped in the APC; who are fed up with the incompetence, lies, falsehood and corruption in the APC administration and, as such, ready to join forces with our party to rescue our nation.”
The opposition also criticised the ruling party for attacking Hon. Ndudi Elumelu, house minority leader.
Elumelu had claimed that some of APC lawmakers have indicated interest join the PDP camp.
In reactiom, Al-Hassan Ado Doguwa, house majority leader, described the PDP as a sinking party.
In the statement released by the opposition party, it claimed the attack on the minority leader showed the insensitivity of the APC leadership in the house.
The statement read in part:

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