The money laundered through cryptocurrency exchanges declined by 29 per cent in 2023, according to a Chainalysis report. The report, obtained on Thursday, revealed that those illicit funds dropped by approximately $9.3bn, declining from $31.5bn in 2022 to $22.2bn in 2023. The blockchain research platform noted that the drop could be attributed to an overall decrease in crypto transaction volume, both legitimate and illicit. Chainalysis noted that centralised exchanges had been the primary destination for funds sent from illicit addresses, at a rate that has remained relatively stable over the last five years. “Over time, the role of illicit…
Author: admin_secure
The Lagos State Governor, Babajide Sanwo-Olu, on Thursday, announced a 25 per cent rebate on fares for government-owned transport schemes. The governor spoke during a live media chat to intimate residents of steps being taken to reduce the economic burden on Lagosians. On Tuesday, the Lagos State House of Assembly resolved to summon the state commissioners for agriculture and transportation to brief lawmakers on what they were doing to make life more bearable for residents in view of the economic hardship confronting the country. Announcing measures the government was taking, the governor said civil servants from levels one to 14…
A three-storey building at Ita Faaji Market in the Lagos Island Local Government Area of Lagos State collapsed during the downpour on Thursday. PUNCH Online learnt that the incident which happened around 9am caused panic in the community. The Director of the Lagos State Fire and Rescue Services, Magaret Adeseye, in a statement obtained by our correspondent, said the building was under renovation before it caved in. She, however, added that the construction workers escaped unhurt. “A three-storey building under renovation at 24, Binuyo Street off Ita Faaji Market, Lagos, collapsed during a downpour. The few artisans on site escaped…
The Lagos State Governor, Babajide Sanwo-Olu, on Thursday, announced his government’s plan to begin distribution of palliatives among other initiatives to cushion the effect of high cost of living in the country. Sanwo-Olu disclosed this in a live media chat with journalists on Thursday. He said, “On the food palliatives, as we speak, I’m expecting over 200 trailers of rice coming from up north. “Food purchase and distribution that will cover about 300,000 households that will have 10kg rice, 5kg garri, 5kg beans and have other small things like tomatoes in a combo bag.” The governor added that there will…
Yoruba nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho, has returned to Nigeria to bury his mother. His spokesman, Olayomi Koiki, disclosed his return in a video on X on Wednesday. Koiki’s caption read, “I can confirm that Chief Sunday Adeyemo aka Sunday Igboho is currently on his way to Igboho Town for the final burial of his mother MRS S.A. Adeyemo. “The body of MRS S.A Adeyemo was picked up from the mortuary in Saki Town some few hours ago.” The PUNCH reported in 2021 that Igboho was arrested by the security forces in the Benin Republic about…
The Nigeria Police Force is set to lift the ban on tinted glass permits for vehicles. The Police said it has conducted a comprehensive review of the issuance of tinted glass permits. Previously banned in June 2022, the NPF said the ban then was a proactive move to bolster national security and tackle criminal activities linked to the misuse of tinted glasses. A Thursday statement signed by the Force Public Relations Officer, ACP Olumuyiwa Adejobi revealed that ICT Analysts and Enforcement Officers nationwide will undergo a comprehensive training scheduled for the 29th of February, 2024, as a prequel to the…
Trial could not continue on Thursday, in the Charge marked FHC/ABJ/CR/550/2022: FRN v. Ali Bello & Anor, before Justice J. K Omotosho at the Federal High Court, in Abuja, owing to concerns about the competence of the charge, including the amended charges brought by the Economic and Financial Crimes Commission, EFCC. Ali Bello’s co-defendant, Suleiman Daudu, through his counsel and Senior Advocate of Nigeria SAN, Nureni Jimoh, raised objections against the fresh charges by EFCC. Although the amended charges have not been read to them for their plea to be taken afresh, the co-defendant is praying the court to…
The Rivers State Police Command said an Inspector was killed by gunmen who ambushed and attacked its men on a stop and search duty at the Eliozu Flyover in Obio/Akpo Local Government Area of the state on Wednesday night. The spokesperson of the command, Grace Iringe-Koko, disclosed this in a statement issued on Thursday and sent to newsmen. Iringe-Koko said the gunmen who were spotted in a carton-colored Sienna bus with fully tinted glasses drove in from the Rumuodumaya axis, near Port Harcourt where they launched the offensive which claimed the officer’s life. She, however, said the team rose to…
The federal government has reiterated its determination to protect and promote hardworking and honest Nigerians in the diaspora irrespective of their location. The government has acted as a guarantor for eight medical doctors to pursue further training in various medical specialties in the United States for the entirety of their training period. It emphasized that while it will not hinder any Nigerian from pursuing their life ambitions in locations of their choosing, it will continue to prioritize capacity building and create conducive environments to retain its workforce. The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, approved…
The Lagos State Governor, Babajide Sanwo-Olu, on Thursday, said his administration would be reducing public servants working days as part of plans to cushion the cost of living crisis in the country. “We want to start with our public servants, immediately from next week, Civil servants from the lower level will be working like three times a week and level 15-17 can work four times in a week,” Sanwo-Olu said during the ongoing media parley on economic hardship. On the rising cost of food, he added that his administration would open more markets where Lagosians can buy food items…