• Kenya Takes Nigeria to the ICC - President Ruto Challenges Nigeria Before International Court, Freezes Billions in Assets and Declares: "You Kidnapped Nnamdi Kanu Return Him to Kenya or Face the World Court!".

    President William Ruto has reportedly taken a firm stance against Nigeria over the unlawful detention of Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). According to emerging reports, President Ruto has brought Nigeria before the International Criminal Court (ICC), accusing the West African country of violating international law by abducting Kanu from Kenya in 2021. The Kenyan leader is also said to have imposed a travel ban on Nigerians entering Kenya and frozen assets worth billions of dollars owned by Nigerians in the country, a move aimed at pressuring Abuja to release Kanu immediately.

    We are not afraid of Nigeria. If justice requires war, we are ready. You cannot invade our land, kidnap a man, and call it justice," President William Ruto was quoted as saying.
    Kenya Takes Nigeria to the ICC - President Ruto Challenges Nigeria Before International Court, Freezes Billions in Assets and Declares: "You Kidnapped Nnamdi Kanu Return Him to Kenya or Face the World Court!". President William Ruto has reportedly taken a firm stance against Nigeria over the unlawful detention of Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). According to emerging reports, President Ruto has brought Nigeria before the International Criminal Court (ICC), accusing the West African country of violating international law by abducting Kanu from Kenya in 2021. The Kenyan leader is also said to have imposed a travel ban on Nigerians entering Kenya and frozen assets worth billions of dollars owned by Nigerians in the country, a move aimed at pressuring Abuja to release Kanu immediately. We are not afraid of Nigeria. If justice requires war, we are ready. You cannot invade our land, kidnap a man, and call it justice," President William Ruto was quoted as saying.
    0 Comments ·0 Shares ·121 Views
  • "Nigeria Records $50bn in Crypto Transactions"— SEC Boss, Agama, reveals.

    Nigeria recorded cryptocurrency transactions worth over $50 billion between July 2023 and June 2024, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama.

    At an exchange rate of ₦1,500 to the dollar, this amounts to about ₦75 trillion, nearly two-thirds of the ₦98.8 trillion capitalization of the Nigerian equities market as of October 24.

    Speaking at the annual conference of the Chartered Institute of Stockbrokers, Agama said the massive volume of crypto activity reflects the financial sophistication and risk appetite of Nigerian investors traits the traditional capital market has failed to capture.

    Despite this enthusiasm, he lamented that fewer than four percent of Nigeria’s adult population actively invests in the capital market, while over 60 million Nigerians participate in daily gambling worth an estimated $5.5 million.

    “This paradox is revealing,” Agama said. “Nigerians clearly have a strong appetite for risk, but not the confidence or access to channel that energy into productive investment.” He warned that the dominance of speculative behavior over structured investment indicates a deeper erosion of trust in the nation’s financial system.
    "Nigeria Records $50bn in Crypto Transactions"— SEC Boss, Agama, reveals. Nigeria recorded cryptocurrency transactions worth over $50 billion between July 2023 and June 2024, according to the Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama. At an exchange rate of ₦1,500 to the dollar, this amounts to about ₦75 trillion, nearly two-thirds of the ₦98.8 trillion capitalization of the Nigerian equities market as of October 24. Speaking at the annual conference of the Chartered Institute of Stockbrokers, Agama said the massive volume of crypto activity reflects the financial sophistication and risk appetite of Nigerian investors traits the traditional capital market has failed to capture. Despite this enthusiasm, he lamented that fewer than four percent of Nigeria’s adult population actively invests in the capital market, while over 60 million Nigerians participate in daily gambling worth an estimated $5.5 million. “This paradox is revealing,” Agama said. “Nigerians clearly have a strong appetite for risk, but not the confidence or access to channel that energy into productive investment.” He warned that the dominance of speculative behavior over structured investment indicates a deeper erosion of trust in the nation’s financial system.
    0 Comments ·0 Shares ·379 Views
  • Nigerians rejoice as UK Supreme Court Upholds Nigeria’s Right to Recover £44.2 Million Legal Costs in P&ID Case.

    The United Kingdom Supreme Court has dismissed an appeal by Process & Industrial Developments Limited (P&ID), affirming that Nigeria can recover its legal costs in pounds sterling (GBP) rather than naira (NGN) after successfully overturning a multi-billion-dollar arbitral award.

    Delivering judgment on 22 October 2025, a panel led by Lord Reed, President of the Supreme Court, unanimously upheld previous rulings by the Commercial Court and Court of Appeal, which held that costs should be paid in the same currency in which they were incurred.

    The case stemmed from Nigeria’s successful challenge to two arbitral awards worth over US$11 billion (including interest), which the Commercial Court ruled in 2023 had been “procured by fraud.” Nigeria had spent about £44.2 million in legal fees—billed and paid in sterling through 116 invoices between November 2019 and November 2024.

    P&ID argued that the costs should be paid in naira, claiming that paying in pounds would give Nigeria a “windfall” due to the naira’s depreciation since 2023. But the Supreme Court rejected the argument, ruling that “as Nigeria had incurred liability and made payments in sterling, the court ought to make a costs order in sterling.”

    In a joint judgment by Lord Hodge and Lady Simler, the Court clarified that costs are a statutory indemnity for litigation expenses, not compensation for loss, and warned that P&ID’s position would lead to “disproportionate and expensive satellite litigation.”

    The Court reaffirmed that legal costs are to be awarded in the currency in which they were billed and paid unless there are exceptional circumstances. It dismissed P&ID’s appeal and ordered the company to pay Nigeria’s costs on a standard basis.

    The decision marks another major victory for Nigeria in its long-running legal battle with P&ID, following the country’s 2023 success in overturning the fraudulent US$11 billion arbitration award.
    Nigerians rejoice as UK Supreme Court Upholds Nigeria’s Right to Recover £44.2 Million Legal Costs in P&ID Case. The United Kingdom Supreme Court has dismissed an appeal by Process & Industrial Developments Limited (P&ID), affirming that Nigeria can recover its legal costs in pounds sterling (GBP) rather than naira (NGN) after successfully overturning a multi-billion-dollar arbitral award. Delivering judgment on 22 October 2025, a panel led by Lord Reed, President of the Supreme Court, unanimously upheld previous rulings by the Commercial Court and Court of Appeal, which held that costs should be paid in the same currency in which they were incurred. The case stemmed from Nigeria’s successful challenge to two arbitral awards worth over US$11 billion (including interest), which the Commercial Court ruled in 2023 had been “procured by fraud.” Nigeria had spent about £44.2 million in legal fees—billed and paid in sterling through 116 invoices between November 2019 and November 2024. P&ID argued that the costs should be paid in naira, claiming that paying in pounds would give Nigeria a “windfall” due to the naira’s depreciation since 2023. But the Supreme Court rejected the argument, ruling that “as Nigeria had incurred liability and made payments in sterling, the court ought to make a costs order in sterling.” In a joint judgment by Lord Hodge and Lady Simler, the Court clarified that costs are a statutory indemnity for litigation expenses, not compensation for loss, and warned that P&ID’s position would lead to “disproportionate and expensive satellite litigation.” The Court reaffirmed that legal costs are to be awarded in the currency in which they were billed and paid unless there are exceptional circumstances. It dismissed P&ID’s appeal and ordered the company to pay Nigeria’s costs on a standard basis. The decision marks another major victory for Nigeria in its long-running legal battle with P&ID, following the country’s 2023 success in overturning the fraudulent US$11 billion arbitration award.
    0 Comments ·0 Shares ·186 Views
  • We Have Already Submitted Your Documents To EFCC – CCB to Nyesom Wike.

    The Minister of the Federal Capital Territory, Nyesom Wike, has found himself embroiled in a fresh controversy over allegations of secret acquisition of multimillion-dollar properties in Florida, USA.

    According to reports, Wike attempted to amend his asset declaration with the Code of Conduct Bureau (CCB) to include the properties, but was informed that his original declaration had already been forwarded to the Economic and Financial Crimes Commission (EFCC) for thorough verification and investigation.

    Sources close to the minister revealed that Wike was unsettled by the development, which could potentially lead to a forensic audit of his financial dealings. Investigations by some media outlets uncovered a pattern of concealment and alleged violations of Nigeria’s asset declaration laws by the minister. Records obtained showed that Wike acquired a $2 million mansion in Winter Springs, Florida, registered under the names of his wife, Justice Eberechi Wike, and their three children.

    Further investigations revealed that three multimillion-dollar homes in affluent Florida communities were purchased covertly using cash transactions and swiftly transferred to their children via quitclaim deeds, executed by Wike’s wife. These transactions, spanning from 2021 to 2023, raised suspicions of attempts to keep assets beyond the regulatory grasp of Nigerian anti-corruption bodies.

    The CCB informed Wike that his file had already been transmitted to the EFCC for verification, and the anti-graft agency is now conducting a forensic audit of Wike’s declarations, ownership details, and possible infractions. Civil Society Organizations (CSOs), advocacy groups, and international NGOs have launched campaigns demanding an exhaustive probe into Wike’s financial dealings, citing suspected diversion of public funds and illicit enrichment.

    Wike’s camp has denied the allegations, dismissing them as politically motivated attacks. However, documentary evidence filed in US property registries tells a different story. An EFCC source said the minister is “playing with fire” and that the ongoing forensic financial investigations will uncover the truth. As the investigation unfolds, Wike’s reputation and future hang in the balance.
    We Have Already Submitted Your Documents To EFCC – CCB to Nyesom Wike. The Minister of the Federal Capital Territory, Nyesom Wike, has found himself embroiled in a fresh controversy over allegations of secret acquisition of multimillion-dollar properties in Florida, USA. According to reports, Wike attempted to amend his asset declaration with the Code of Conduct Bureau (CCB) to include the properties, but was informed that his original declaration had already been forwarded to the Economic and Financial Crimes Commission (EFCC) for thorough verification and investigation. Sources close to the minister revealed that Wike was unsettled by the development, which could potentially lead to a forensic audit of his financial dealings. Investigations by some media outlets uncovered a pattern of concealment and alleged violations of Nigeria’s asset declaration laws by the minister. Records obtained showed that Wike acquired a $2 million mansion in Winter Springs, Florida, registered under the names of his wife, Justice Eberechi Wike, and their three children. Further investigations revealed that three multimillion-dollar homes in affluent Florida communities were purchased covertly using cash transactions and swiftly transferred to their children via quitclaim deeds, executed by Wike’s wife. These transactions, spanning from 2021 to 2023, raised suspicions of attempts to keep assets beyond the regulatory grasp of Nigerian anti-corruption bodies. The CCB informed Wike that his file had already been transmitted to the EFCC for verification, and the anti-graft agency is now conducting a forensic audit of Wike’s declarations, ownership details, and possible infractions. Civil Society Organizations (CSOs), advocacy groups, and international NGOs have launched campaigns demanding an exhaustive probe into Wike’s financial dealings, citing suspected diversion of public funds and illicit enrichment. Wike’s camp has denied the allegations, dismissing them as politically motivated attacks. However, documentary evidence filed in US property registries tells a different story. An EFCC source said the minister is “playing with fire” and that the ongoing forensic financial investigations will uncover the truth. As the investigation unfolds, Wike’s reputation and future hang in the balance.
    0 Comments ·0 Shares ·408 Views
  • “Love Attack!” — Regina Daniels Surprised by Elderly Women on Her Birthday, Gifts Them Dollars in Heartwarming Moment

    Nollywood star Regina Daniels experienced an emotional surprise on her 25th birthday as a group of elderly women lovingly ambushed her outside her home to celebrate the special occasion.

    In a touching video shared on Instagram, Regina revealed that the women — whom she fondly called her “newly found mothers” — had reportedly waited at her gate since morning, eager to bless and celebrate her.

    The heartwarming clip showed the women singing, praying, and showering Regina with blessings, while the visibly moved actress joined in their joy and gratitude.

    Overwhelmed by their love, Regina expressed appreciation and gifted the women dollar notes as a token of thanks. She wrote:

    “Got ambushed by my newly found mothers on my way to my small birthday gathering after literally sleeping the whole day. They had been at my gate since morning. The love attack was real! Every hug, every cheer, every smile hit straight to the heart. I am indeed blessed and unshakable. You know why? Because many prayers dey my head.”


    Regina, who turned 25 on October 10, was also celebrated by friends and industry colleagues, including Destiny Etiko, Mercy Johnson, Uche Montana, Don Jazzy, and her husband, Senator Ned Nwoko, representing Delta North Senatorial District.

    The actress and her husband are proud parents of two sons — Munir Neji Ned Nwoko (born June 29, 2020) and Khalifa Chimka Nwaorah Ned Nwoko (born June 29, 2022).

    Indeed, it was a birthday filled with love, prayers, and blessings for the beautiful actress who continues to win hearts both on and off screen.
    🎉 “Love Attack!” — Regina Daniels Surprised by Elderly Women on Her Birthday, Gifts Them Dollars in Heartwarming Moment 💖💵 Nollywood star Regina Daniels experienced an emotional surprise on her 25th birthday as a group of elderly women lovingly ambushed her outside her home to celebrate the special occasion. In a touching video shared on Instagram, Regina revealed that the women — whom she fondly called her “newly found mothers” — had reportedly waited at her gate since morning, eager to bless and celebrate her. The heartwarming clip showed the women singing, praying, and showering Regina with blessings, while the visibly moved actress joined in their joy and gratitude. Overwhelmed by their love, Regina expressed appreciation and gifted the women dollar notes as a token of thanks. She wrote: “Got ambushed by my newly found mothers on my way to my small birthday gathering after literally sleeping the whole day. They had been at my gate since morning. The love attack was real! Every hug, every cheer, every smile hit straight to the heart. I am indeed blessed and unshakable. You know why? Because many prayers dey my head.” Regina, who turned 25 on October 10, was also celebrated by friends and industry colleagues, including Destiny Etiko, Mercy Johnson, Uche Montana, Don Jazzy, and her husband, Senator Ned Nwoko, representing Delta North Senatorial District. The actress and her husband are proud parents of two sons — Munir Neji Ned Nwoko (born June 29, 2020) and Khalifa Chimka Nwaorah Ned Nwoko (born June 29, 2022). Indeed, it was a birthday filled with love, prayers, and blessings for the beautiful actress who continues to win hearts both on and off screen.
    0 Comments ·0 Shares ·457 Views
  • Tinubu Urges World Leaders To Declare Theft Of Mineral Resources An International Crime.

    President Bola Ahmed Tinubu has called on world leaders to recognise the stealing of countries’ mineral resources through illegal mining and smuggling as an international crime.

    Speaking at the 7th Annual General Assembly of the Network of Anti-Corruption Institutions in West Africa (NACIWA) in Abuja, the President said the illegal exploitation of Africa’s natural resources has become a global threat to economic stability and peace.

    Tinubu lamented that billions of dollars are lost yearly to mineral smuggling, corruption, and illicit trade, which he said fuel insecurity, kidnapping and banditry across the continent.

    “The stealing of our countries’ mineral resources should no longer be treated as a local issue. It is an international cr+me that undermines peace and stability,” he said.

    The President urged the Economic Community of West African States (ECOWAS) and the broader international community to strengthen legal frameworks that criminalize illegal mining and resource theft.

    He also called for collective regional action to trace and recover stolen assets, while emphasizing transparency in their use. Tinubu disclosed that Nigeria has so far channelled over ₦100 billion in recovered proceeds into social intervention projects such as the Student Loan Scheme and the Consumer Credit Scheme.

    “No nation can win this fight alone. We must build stronger partnerships and ensure that those who profit from our collective wealth face justice,” he added.

    Tinubu further appealed to world leaders to support a global convention against resource theft, similar to existing international laws against drug and human trafficking.
    Tinubu Urges World Leaders To Declare Theft Of Mineral Resources An International Crime. President Bola Ahmed Tinubu has called on world leaders to recognise the stealing of countries’ mineral resources through illegal mining and smuggling as an international crime. Speaking at the 7th Annual General Assembly of the Network of Anti-Corruption Institutions in West Africa (NACIWA) in Abuja, the President said the illegal exploitation of Africa’s natural resources has become a global threat to economic stability and peace. Tinubu lamented that billions of dollars are lost yearly to mineral smuggling, corruption, and illicit trade, which he said fuel insecurity, kidnapping and banditry across the continent. “The stealing of our countries’ mineral resources should no longer be treated as a local issue. It is an international cr+me that undermines peace and stability,” he said. The President urged the Economic Community of West African States (ECOWAS) and the broader international community to strengthen legal frameworks that criminalize illegal mining and resource theft. He also called for collective regional action to trace and recover stolen assets, while emphasizing transparency in their use. Tinubu disclosed that Nigeria has so far channelled over ₦100 billion in recovered proceeds into social intervention projects such as the Student Loan Scheme and the Consumer Credit Scheme. “No nation can win this fight alone. We must build stronger partnerships and ensure that those who profit from our collective wealth face justice,” he added. Tinubu further appealed to world leaders to support a global convention against resource theft, similar to existing international laws against drug and human trafficking.
    0 Comments ·0 Shares ·339 Views
  • "Nigeria’s Debt has Climbed to just ₦152.4 trillion" — DMO informs Nigerians.

    Nigeria’s total public debt stock has surged to ₦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday.

    This marks an increase of ₦3.01 trillion from the ₦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick.

    The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation.

    A breakdown shows external debt grew from $45.98 billion in March to $46.98 billion (₦71.85tn) by June.
    The World Bank remains Nigeria’s largest external creditor with $18.04 billion outstanding, representing 38% of total external obligations, mostly through the International Development Association.

    Multilateral lenders collectively hold $23.19 billion (49.4%), including the African Development Bank, IMF, and Islamic Development Bank. Bilateral loans stood at $6.20 billion, led by China’s Exim Bank at $4.91 billion, followed by France, Japan, India, and Germany.

    Commercial loans, primarily Eurobonds, amounted to $17.32 billion, representing 36.9% of external debt, while $268.9 million came from syndicated facilities and commercial bank loans. Analysts warn that Nigeria’s heavy Eurobond exposure increases its vulnerability to global market volatility.

    On the domestic front, total debt climbed from ₦78.76 trillion in March to ₦80.55 trillion in June, an increase of ₦1.79 trillion or 2.27%. Federal Government bonds dominated with ₦60.65 trillion, representing 79.2% of local debt. This includes ₦36.52 trillion in naira bonds, ₦22.72 trillion in securitised Ways and Means advances from the CBN, and ₦1.40 trillion in dollar bonds.

    Other instruments comprised Treasury bills (₦12.76tn), Sukuk bonds (₦1.29tn), savings bonds (₦91.53bn), green bonds (₦62.36bn), and promissory notes (₦1.73tn).
    "Nigeria’s Debt has Climbed to just ₦152.4 trillion" — DMO informs Nigerians. Nigeria’s total public debt stock has surged to ₦152.40 trillion as of June 30, 2025, according to fresh data released by the Debt Management Office (DMO) on Saturday. This marks an increase of ₦3.01 trillion from the ₦149.39 trillion recorded in March 2025 —a 2.01% rise within just three months. In dollar terms, the figure rose from $97.24 billion to $99.66 billion, reflecting a 2.49% uptick. The DMO attributed the rise to increased borrowing both locally and internationally to fund fiscal gaps, despite ongoing revenue reforms and foreign exchange liberalisation. A breakdown shows external debt grew from $45.98 billion in March to $46.98 billion (₦71.85tn) by June. The World Bank remains Nigeria’s largest external creditor with $18.04 billion outstanding, representing 38% of total external obligations, mostly through the International Development Association. Multilateral lenders collectively hold $23.19 billion (49.4%), including the African Development Bank, IMF, and Islamic Development Bank. Bilateral loans stood at $6.20 billion, led by China’s Exim Bank at $4.91 billion, followed by France, Japan, India, and Germany. Commercial loans, primarily Eurobonds, amounted to $17.32 billion, representing 36.9% of external debt, while $268.9 million came from syndicated facilities and commercial bank loans. Analysts warn that Nigeria’s heavy Eurobond exposure increases its vulnerability to global market volatility. On the domestic front, total debt climbed from ₦78.76 trillion in March to ₦80.55 trillion in June, an increase of ₦1.79 trillion or 2.27%. Federal Government bonds dominated with ₦60.65 trillion, representing 79.2% of local debt. This includes ₦36.52 trillion in naira bonds, ₦22.72 trillion in securitised Ways and Means advances from the CBN, and ₦1.40 trillion in dollar bonds. Other instruments comprised Treasury bills (₦12.76tn), Sukuk bonds (₦1.29tn), savings bonds (₦91.53bn), green bonds (₦62.36bn), and promissory notes (₦1.73tn).
    0 Comments ·0 Shares ·522 Views
  • "Dangote is an institution, how we treat him will determine how outsiders will judge us" — VP Shettima warns PENGASSAN.

    Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth.

    He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness. 

    His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees. 

    IThe strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser Nuhu Ribadu.

    Shettima lauded Dangote’s decision to invest heavily in Nigeria rather than taking his capital abroad. 

    He said, “Aliko Dangote, he’s not an individual, he’s an institution, and he’s a leading light in Nigeria’s economic parliament. And how we treat this gentleman will determine how outsiders will judge us. If he had invested $10 billion in Microsoft, in Amazon, or in Google, he probably might be worth $70 to $80 billion by now. But he opted to invest in his country, and we owe it to future generations to jealously protect, promote, preserve, and protect the interests of this great Nigeria.”

    The Vice President also urged labour unions and the private sector to exercise restraint and patriotism when handling industrial disputes, warning that rash actions could jeopardize the nation’s progress.

    “It’s not about holding the whole nation to ransom because of a minor labour dispute. Nigeria is greater than PENGASSAN. Nigeria is greater than each and every one of us. I’m not coming to you as a partisan,” he added.
    "Dangote is an institution, how we treat him will determine how outsiders will judge us" — VP Shettima warns PENGASSAN. Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth. He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness.  His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees.  IThe strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser Nuhu Ribadu. Shettima lauded Dangote’s decision to invest heavily in Nigeria rather than taking his capital abroad.  He said, “Aliko Dangote, he’s not an individual, he’s an institution, and he’s a leading light in Nigeria’s economic parliament. And how we treat this gentleman will determine how outsiders will judge us. If he had invested $10 billion in Microsoft, in Amazon, or in Google, he probably might be worth $70 to $80 billion by now. But he opted to invest in his country, and we owe it to future generations to jealously protect, promote, preserve, and protect the interests of this great Nigeria.” The Vice President also urged labour unions and the private sector to exercise restraint and patriotism when handling industrial disputes, warning that rash actions could jeopardize the nation’s progress. “It’s not about holding the whole nation to ransom because of a minor labour dispute. Nigeria is greater than PENGASSAN. Nigeria is greater than each and every one of us. I’m not coming to you as a partisan,” he added.
    0 Comments ·0 Shares ·325 Views
  • Naira Hits Strongest Level of 2025 at Official FX Market.

    The naira on Thursday appreciated to N1,455.23 per dollar at the official foreign exchange (FX) market, marking a 1.36 percent gain from the N1,475.34/$ recorded on September 30. This is the first time the currency has traded in the N1,400 range since May 2024.

    The latest performance represents the naira’s strongest showing in 2025 and the best level since the Central Bank of Nigeria (CBN) introduced the Electronic Foreign Exchange Matching System (EFEMS) in December 2024. At the time of the transition, the naira had weakened to around N1,660/$ at the official window.

    In his Independence Day broadcast on October 1, President Bola Tinubu said the reforms were yielding results.

    “The naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024,” he said. “The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows.”

    Market optimism was also boosted by comments from Abdul Samad Rabiu, chairman of BUA Group, who predicted on September 25 that the naira could strengthen further to between N1,300 and N1,400 by year end.

    The recent gains highlight renewed confidence in Nigeria’s FX market, though analysts caution that sustained appreciation will depend on continued inflows, effective CBN intervention, and stability in global oil markets.
    Naira Hits Strongest Level of 2025 at Official FX Market. The naira on Thursday appreciated to N1,455.23 per dollar at the official foreign exchange (FX) market, marking a 1.36 percent gain from the N1,475.34/$ recorded on September 30. This is the first time the currency has traded in the N1,400 range since May 2024. The latest performance represents the naira’s strongest showing in 2025 and the best level since the Central Bank of Nigeria (CBN) introduced the Electronic Foreign Exchange Matching System (EFEMS) in December 2024. At the time of the transition, the naira had weakened to around N1,660/$ at the official window. In his Independence Day broadcast on October 1, President Bola Tinubu said the reforms were yielding results. “The naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024,” he said. “The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows.” Market optimism was also boosted by comments from Abdul Samad Rabiu, chairman of BUA Group, who predicted on September 25 that the naira could strengthen further to between N1,300 and N1,400 by year end. The recent gains highlight renewed confidence in Nigeria’s FX market, though analysts caution that sustained appreciation will depend on continued inflows, effective CBN intervention, and stability in global oil markets.
    0 Comments ·0 Shares ·373 Views
  • Elon Musk Leaves Cubana Chiefpriest, 30BG Members & Others in the Shadows as He Becomes First Person to Hit $500 Billion Net Worth.

    Tesla CEO Elon Musk has made history by becoming the first individual to achieve a net worth of half a trillion dollars, according to Forbes’ real-time billionaires index.

    As of 4:15 p.m. ET on Wednesday, Musk’s fortune stood at $500.1 billion, fueled by a rebound in Tesla shares and soaring valuations of his other ventures, including SpaceX and artificial intelligence startup xAI.

    Musk, who holds more than a 12% stake in Tesla, saw his wealth jump by over $6 billion on Wednesday alone after the electric carmaker’s stock closed 3.3% higher. The company’s shares have gained more than 14% so far this year, despite ongoing concerns over weak sales and profit margins.

    Investor sentiment has improved in recent weeks as Musk renewed his focus on Tesla following months of political activity in Washington. He also boosted confidence by purchasing about $1 billion worth of Tesla shares in September, signaling his long-term commitment as the company pivots from being just an automaker to a leader in AI and robotics.

    Tesla’s board has even proposed a $1 trillion compensation plan for Musk, tying ambitious financial and operational targets to his demand for a larger ownership stake.

    Beyond Tesla, Musk’s other companies have significantly boosted his net worth. SpaceX was valued at about $400 billion in recent insider share sales, while xAI has been pegged at around $75 billion, with reports suggesting it could climb to $200 billion.

    Trailing Musk on the Forbes rich list is Oracle co-founder Larry Ellison, whose net worth stands at $350.7 billion.
    Elon Musk Leaves Cubana Chiefpriest, 30BG Members & Others in the Shadows as He Becomes First Person to Hit $500 Billion Net Worth. Tesla CEO Elon Musk has made history by becoming the first individual to achieve a net worth of half a trillion dollars, according to Forbes’ real-time billionaires index. As of 4:15 p.m. ET on Wednesday, Musk’s fortune stood at $500.1 billion, fueled by a rebound in Tesla shares and soaring valuations of his other ventures, including SpaceX and artificial intelligence startup xAI. Musk, who holds more than a 12% stake in Tesla, saw his wealth jump by over $6 billion on Wednesday alone after the electric carmaker’s stock closed 3.3% higher. The company’s shares have gained more than 14% so far this year, despite ongoing concerns over weak sales and profit margins. Investor sentiment has improved in recent weeks as Musk renewed his focus on Tesla following months of political activity in Washington. He also boosted confidence by purchasing about $1 billion worth of Tesla shares in September, signaling his long-term commitment as the company pivots from being just an automaker to a leader in AI and robotics. Tesla’s board has even proposed a $1 trillion compensation plan for Musk, tying ambitious financial and operational targets to his demand for a larger ownership stake. Beyond Tesla, Musk’s other companies have significantly boosted his net worth. SpaceX was valued at about $400 billion in recent insider share sales, while xAI has been pegged at around $75 billion, with reports suggesting it could climb to $200 billion. Trailing Musk on the Forbes rich list is Oracle co-founder Larry Ellison, whose net worth stands at $350.7 billion.
    0 Comments ·0 Shares ·445 Views
  • EFCC Arraigns Suspect Wanted By FBI Over Alleged Cryptocurrency Account Takeover.

    The Economic and Financial Crimes Commission (EFCC) has arraigned one Godslove Munachiso Obiwuru, a 26-year-old suspect wanted by the Federal Bureau of Investigation (FBI), before Justice M. T. Segun-Bello of the Federal High Court sitting in Independence Layout, Enugu, on a two-count charge bordering on money laundering.

    Count one of the charge reads: “That you, Godslove Munachiso Obiwuru, sometime in 2022 within the jurisdiction of this Honourable Court, retained 0.042 Ethereum (digital currency) equivalent to $50 (Fifty United States Dollars) in a Binance wallet account with the address 0xD62C9DA42BDe76a7Be113ABA225456C57320A569 which you know or reasonably ought to know, is a proceed of an unlawful act and thereby committed an offence punishable under Section 20 (a) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

    He, however, pleaded “not guilty” to the two counts. In view of his plea, counsel to the EFCC, Assistant Superintendent of the EFCC, ASE I A.Y Abdullahi, prayed the court for a trial date and for the defendant to be remanded at a Correctional facility.

    However, the defence counsel, Abel Anih, prayed the court for a short date to enable him file an application for bail before the court.
    EFCC Arraigns Suspect Wanted By FBI Over Alleged Cryptocurrency Account Takeover. The Economic and Financial Crimes Commission (EFCC) has arraigned one Godslove Munachiso Obiwuru, a 26-year-old suspect wanted by the Federal Bureau of Investigation (FBI), before Justice M. T. Segun-Bello of the Federal High Court sitting in Independence Layout, Enugu, on a two-count charge bordering on money laundering. Count one of the charge reads: “That you, Godslove Munachiso Obiwuru, sometime in 2022 within the jurisdiction of this Honourable Court, retained 0.042 Ethereum (digital currency) equivalent to $50 (Fifty United States Dollars) in a Binance wallet account with the address 0xD62C9DA42BDe76a7Be113ABA225456C57320A569 which you know or reasonably ought to know, is a proceed of an unlawful act and thereby committed an offence punishable under Section 20 (a) of the Money Laundering (Prevention and Prohibition) Act, 2022.” He, however, pleaded “not guilty” to the two counts. In view of his plea, counsel to the EFCC, Assistant Superintendent of the EFCC, ASE I A.Y Abdullahi, prayed the court for a trial date and for the defendant to be remanded at a Correctional facility. However, the defence counsel, Abel Anih, prayed the court for a short date to enable him file an application for bail before the court.
    0 Comments ·0 Shares ·330 Views
  • Dangote Refinery Suspends Petrol sales in Naira, Cites Dollar Crude Obligations.

    The Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in naira, saying the move is necessary to avoid a currency mismatch with its crude oil purchase obligations, which are currently denominated in U.S. dollars.

    In a circular sent to customers on Friday, the company explained that while it has continued selling products in naira, the value of such sales has already exceeded the amount of naira-denominated crude it has received. To realign its operations, it said sales will now be restricted to dollars until it gets further crude supplies priced in the local currency from the Nigerian National Petroleum Company Limited (NNPC).

    The refinery, owned by billionaire industrialist Aliko Dangote, stressed that the decision is a temporary adjustment. “As soon as we receive an allocation of naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in naira,” the company assured.

    Dangote Refinery also dismissed online reports suggesting that the halt was linked to alleged ticketing fraud. It described such claims as “malicious falsehood,” insisting its systems remain robust and free of fraud issues.

    Reaffirming its commitment to the Nigerian market, the company said: “We remain dedicated to serving the market efficiently and sustainably. We appreciate your understanding and cooperation during this period.”
    Dangote Refinery Suspends Petrol sales in Naira, Cites Dollar Crude Obligations. The Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in naira, saying the move is necessary to avoid a currency mismatch with its crude oil purchase obligations, which are currently denominated in U.S. dollars. In a circular sent to customers on Friday, the company explained that while it has continued selling products in naira, the value of such sales has already exceeded the amount of naira-denominated crude it has received. To realign its operations, it said sales will now be restricted to dollars until it gets further crude supplies priced in the local currency from the Nigerian National Petroleum Company Limited (NNPC). The refinery, owned by billionaire industrialist Aliko Dangote, stressed that the decision is a temporary adjustment. “As soon as we receive an allocation of naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in naira,” the company assured. Dangote Refinery also dismissed online reports suggesting that the halt was linked to alleged ticketing fraud. It described such claims as “malicious falsehood,” insisting its systems remain robust and free of fraud issues. Reaffirming its commitment to the Nigerian market, the company said: “We remain dedicated to serving the market efficiently and sustainably. We appreciate your understanding and cooperation during this period.”
    0 Comments ·0 Shares ·376 Views
  • PENGASSAN Orders Immediate Gas Supply Shutdown to Dangote Refinery.

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered an immediate suspension of gas supply to the Dangote Petroleum Refinery.

    The latest development has escalated the growing labour dispute with the company.

    In a letter dated September 26 and signed by the union’s General Secretary, Comrade Lumumba Ighotemu Okugbawa, PENGASSAN directed all its members, especially those in the Nigerian Gas Infrastructure Company (NGIC) branch, to halt gas supply to the multibillion-dollar refinery without delay.

    The directive also includes shutting crude oil supply valves and suspending loading operations for vessels destined for the facility.

    The union accused the refinery’s management of unlawfully disengaging unionised workers and launching a “mission of misinformation and propaganda” instead of engaging in genuine dialogue with organised labour.

    “This action is a necessary response to defend the constitutional rights of workers to freely associate and unionise,” the letter stated. “Injury to one! Injury to all!”

    The confrontation follows reports that the company recently laid off more than 800 Nigerian workers — a decision PENGASSAN described as “anti-labour, insensitive, and unacceptable.” The union vowed to resist the move through nationwide solidarity actions unless the decision is reversed.

    The Dangote Refinery, located in the Lekki Free Zone, Lagos, is Africa’s largest petroleum refining facility and Nigeria’s biggest domestic source of refined products. Since commencing partial operations, it has been central to the country’s efforts to reduce fuel imports and stabilise local supply.

    PENGASSAN Orders Immediate Gas Supply Shutdown to Dangote Refinery. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered an immediate suspension of gas supply to the Dangote Petroleum Refinery. The latest development has escalated the growing labour dispute with the company. In a letter dated September 26 and signed by the union’s General Secretary, Comrade Lumumba Ighotemu Okugbawa, PENGASSAN directed all its members, especially those in the Nigerian Gas Infrastructure Company (NGIC) branch, to halt gas supply to the multibillion-dollar refinery without delay. The directive also includes shutting crude oil supply valves and suspending loading operations for vessels destined for the facility. The union accused the refinery’s management of unlawfully disengaging unionised workers and launching a “mission of misinformation and propaganda” instead of engaging in genuine dialogue with organised labour. “This action is a necessary response to defend the constitutional rights of workers to freely associate and unionise,” the letter stated. “Injury to one! Injury to all!” The confrontation follows reports that the company recently laid off more than 800 Nigerian workers — a decision PENGASSAN described as “anti-labour, insensitive, and unacceptable.” The union vowed to resist the move through nationwide solidarity actions unless the decision is reversed. The Dangote Refinery, located in the Lekki Free Zone, Lagos, is Africa’s largest petroleum refining facility and Nigeria’s biggest domestic source of refined products. Since commencing partial operations, it has been central to the country’s efforts to reduce fuel imports and stabilise local supply.
    0 Comments ·0 Shares ·384 Views

  • Primate Ayodele Predicts Soaring Dollar and Fuel Prices Under Tinubu’s Administration

    The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned that Nigeria could face further economic challenges under President Bola Ahmed Tinubu, including a sharp rise in the exchange rate and petrol prices.

    In a recent prophetic message shared on Facebook, Ayodele revealed that he foresaw the naira weakening further against the U.S. dollar, possibly hitting ₦900 per dollar.

    “Nigeria’s dollar can go to 900 naira,” he declared. “It’s not ideal, but there are certain steps the government may take that could push the dollar that high.”

    He also cautioned that petrol prices might climb beyond current levels, warning Nigerians to prepare for the possibility of paying up to ₦550 per litre.

    Despite his warnings, the cleric commended President Tinubu for his mental alertness and decision-making ability, contrasting his leadership style with that of former President Muhammadu Buhari.

    “Tinubu is old, but sound mentally. What Tinubu has done, Buhari didn’t do. Nigerians may not like him, but he can surprise them,” Ayodele said.

    However, he reiterated that the Muslim-Muslim ticket that brought Tinubu to power was a fundamental political mistake that deepened discontent and division among citizens.

    While acknowledging that the nation faces tough economic times, Ayodele insisted that the government still holds the key to preventing these dire outcomes through effective policies and timely reforms.

    “There is a step to take that will either prevent or make all of this materialize,” he concluded.


    Primate Ayodele Predicts Soaring Dollar and Fuel Prices Under Tinubu’s Administration The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned that Nigeria could face further economic challenges under President Bola Ahmed Tinubu, including a sharp rise in the exchange rate and petrol prices. In a recent prophetic message shared on Facebook, Ayodele revealed that he foresaw the naira weakening further against the U.S. dollar, possibly hitting ₦900 per dollar. “Nigeria’s dollar can go to 900 naira,” he declared. “It’s not ideal, but there are certain steps the government may take that could push the dollar that high.” He also cautioned that petrol prices might climb beyond current levels, warning Nigerians to prepare for the possibility of paying up to ₦550 per litre. Despite his warnings, the cleric commended President Tinubu for his mental alertness and decision-making ability, contrasting his leadership style with that of former President Muhammadu Buhari. “Tinubu is old, but sound mentally. What Tinubu has done, Buhari didn’t do. Nigerians may not like him, but he can surprise them,” Ayodele said. However, he reiterated that the Muslim-Muslim ticket that brought Tinubu to power was a fundamental political mistake that deepened discontent and division among citizens. While acknowledging that the nation faces tough economic times, Ayodele insisted that the government still holds the key to preventing these dire outcomes through effective policies and timely reforms. “There is a step to take that will either prevent or make all of this materialize,” he concluded.
    0 Comments ·0 Shares ·346 Views


  • Former French President Nicolas Sarkozy Sentenced to Five Years in Prison for Criminal Conspiracy

    On September 25, 2025, former French President Nicolas Sarkozy appeared at the Paris courthouse for the verdict in his high-profile trial over alleged corruption and unlawful campaign financing linked to supposed Libyan funding of his 2007 presidential campaign, reported BBC News and Reuters.

    Sarkozy was found guilty of criminal conspiracy and handed a five-year prison sentence, while being cleared of other charges, including passive corruption and unlawful campaign financing. In addition, the court imposed a €100,000 ($117,000, £87,000) fine.

    Judge Nathalie Gavarino stated that Sarkozy had allowed close aides to negotiate with Libyan officials in an attempt to secure funding for his campaign. However, the court concluded there was insufficient evidence that Sarkozy personally benefited from the funds.

    The sentencing drew audible gasps in the courtroom, marking a historic moment: Sarkozy could become the first former French president to serve prison time in Paris.

    Speaking outside the courthouse, Sarkozy said:

    “What happened today... is of extreme gravity in regard to the rule of law, and for the trust one can have in the justice system. I will sleep in jail, but with my head held high, if they really want me to.”


    The investigation into Sarkozy’s alleged dealings with Libya began in 2013, two years after Saif al-Islam Gaddafi, son of the late Libyan leader, accused him of embezzling millions of dollars from Libya to fund his campaigns. Lebanese businessman Ziad Takieddine claimed to possess evidence that Sarkozy’s 2007 campaign was heavily funded by Tripoli, including a reported €50 million (£43 million) transfer.

    Former interior ministers Claude Guéant and Brice Hortefeux were also defendants in the trial, with Hortefeux convicted of criminal conspiracy and Guéant found guilty of corruption.

    Sarkozy’s wife, Carla Bruni-Sarkozy, has previously faced accusations of concealing evidence and collaborating in fraud related to the case, which she denies.

    This verdict adds to a series of legal challenges for Sarkozy. He previously received a one-year sentence (six months suspended) in 2024 for hiring a PR firm to conceal excessive spending on his 2012 re-election campaign and became the first former French president sentenced to prison in 2021 for attempting to bribe a judge in 2014. That sentence was later converted to home detention with an electronic tag by a Paris appeals court.

    The Paris criminal court’s decision underscores Sarkozy’s ongoing legal troubles, even years after leaving office.
    Former French President Nicolas Sarkozy Sentenced to Five Years in Prison for Criminal Conspiracy On September 25, 2025, former French President Nicolas Sarkozy appeared at the Paris courthouse for the verdict in his high-profile trial over alleged corruption and unlawful campaign financing linked to supposed Libyan funding of his 2007 presidential campaign, reported BBC News and Reuters. Sarkozy was found guilty of criminal conspiracy and handed a five-year prison sentence, while being cleared of other charges, including passive corruption and unlawful campaign financing. In addition, the court imposed a €100,000 ($117,000, £87,000) fine. Judge Nathalie Gavarino stated that Sarkozy had allowed close aides to negotiate with Libyan officials in an attempt to secure funding for his campaign. However, the court concluded there was insufficient evidence that Sarkozy personally benefited from the funds. The sentencing drew audible gasps in the courtroom, marking a historic moment: Sarkozy could become the first former French president to serve prison time in Paris. Speaking outside the courthouse, Sarkozy said: “What happened today... is of extreme gravity in regard to the rule of law, and for the trust one can have in the justice system. I will sleep in jail, but with my head held high, if they really want me to.” The investigation into Sarkozy’s alleged dealings with Libya began in 2013, two years after Saif al-Islam Gaddafi, son of the late Libyan leader, accused him of embezzling millions of dollars from Libya to fund his campaigns. Lebanese businessman Ziad Takieddine claimed to possess evidence that Sarkozy’s 2007 campaign was heavily funded by Tripoli, including a reported €50 million (£43 million) transfer. Former interior ministers Claude Guéant and Brice Hortefeux were also defendants in the trial, with Hortefeux convicted of criminal conspiracy and Guéant found guilty of corruption. Sarkozy’s wife, Carla Bruni-Sarkozy, has previously faced accusations of concealing evidence and collaborating in fraud related to the case, which she denies. This verdict adds to a series of legal challenges for Sarkozy. He previously received a one-year sentence (six months suspended) in 2024 for hiring a PR firm to conceal excessive spending on his 2012 re-election campaign and became the first former French president sentenced to prison in 2021 for attempting to bribe a judge in 2014. That sentence was later converted to home detention with an electronic tag by a Paris appeals court. The Paris criminal court’s decision underscores Sarkozy’s ongoing legal troubles, even years after leaving office.
    0 Comments ·0 Shares ·207 Views
  • Naira appreciates massively against US dollar in the black market, highest in 15 months.

    The naira appreciated massively against the United States dollar at the parallel foreign exchange market.

    Abubakar Alhasan, a Bureau De Change operator in Wuse Zone, Abuja, told DAILY POST that the Naira strengthened significantly to N1,490 per dollar on Wednesday, up from N1,520 on Tuesday.

    “We buy at N1480 and sell at N1490 on Wednesday due to lower FX demand,” Alhasan confirmed.

    This means that the Naira gained N30 against the dollar on a day-to-day basis.

    The last time they were exchanged at this level in the black market was in June 2024.

    Meanwhile, at the official market, it dropped marginally by N1.19 to N1,488.56 per dollar on Wednesday, down from N1,487.37, according to data from the Central Bank of Nigeria.

    Analysing the trend at both markets, the difference between official and parallel markets has shrunk to 1.44.

    Recall that on Tuesday, the Naira appreciated across official and parallel foreign exchange markets upon an interest rate cut by the apex bank by 50 basis points to 27 per cent.
    Naira appreciates massively against US dollar in the black market, highest in 15 months. The naira appreciated massively against the United States dollar at the parallel foreign exchange market. Abubakar Alhasan, a Bureau De Change operator in Wuse Zone, Abuja, told DAILY POST that the Naira strengthened significantly to N1,490 per dollar on Wednesday, up from N1,520 on Tuesday. “We buy at N1480 and sell at N1490 on Wednesday due to lower FX demand,” Alhasan confirmed. This means that the Naira gained N30 against the dollar on a day-to-day basis. The last time they were exchanged at this level in the black market was in June 2024. Meanwhile, at the official market, it dropped marginally by N1.19 to N1,488.56 per dollar on Wednesday, down from N1,487.37, according to data from the Central Bank of Nigeria. Analysing the trend at both markets, the difference between official and parallel markets has shrunk to 1.44. Recall that on Tuesday, the Naira appreciated across official and parallel foreign exchange markets upon an interest rate cut by the apex bank by 50 basis points to 27 per cent.
    0 Comments ·0 Shares ·181 Views
  • I’m having a baby with somebody else. So what?— Rapper Cardi B fires back at critics, as she reveals why she’s still married despite being legally separated

    Rapper Cardi B has confirmed she is expecting a child with another partner, stressing that her decision is not unusual and insisting she will not let her complicated marriage situation hold her back.

    “Yes, I’m having a baby with somebody else. So what? That happens. It’s life,” Cardi declared in a candid message addressing critics.

    The Grammy winner explained that she followed convention the first time by falling in love and committing to marriage: “I did things the correct way the first time. I fell in love. I got two rings on my finger. I lasted seven years. Seven years that I didn’t have to last with somebody else. I lasted seven years in a marriage.”

    Responding to claims that she is still tied to her estranged husband, Cardi clarified her legal status: “Stop saying, oh, but you’re still married. No, I’m legally separated. The only reason why I’m still married is because somebody wants me to pay for their taxes.”

    She revealed that divorce proceedings have been delayed by financial disputes: “The only way I can get out of my marriage is if I pay for somebody else’s taxes, even though I pay for my own, and give them one of my properties. I’m fighting for that. I’m going to fight for that. This is not no love ****.”

    Cardi made it clear she refuses to pause her life because of contractual delays, declaring: “I’m not going to stop living my life because on a contract, I’m practically still married because somebody want to hold me hostage if I don’t give them millions of dollars to get out of it. Yes, I’m happy.”

    Her remarks have sparked widespread reactions online, with fans divided over her bold announcement and her ongoing battle to exit her marriage on her own terms.
    I’m having a baby with somebody else. So what?— Rapper Cardi B fires back at critics, as she reveals why she’s still married despite being legally separated Rapper Cardi B has confirmed she is expecting a child with another partner, stressing that her decision is not unusual and insisting she will not let her complicated marriage situation hold her back. “Yes, I’m having a baby with somebody else. So what? That happens. It’s life,” Cardi declared in a candid message addressing critics. The Grammy winner explained that she followed convention the first time by falling in love and committing to marriage: “I did things the correct way the first time. I fell in love. I got two rings on my finger. I lasted seven years. Seven years that I didn’t have to last with somebody else. I lasted seven years in a marriage.” Responding to claims that she is still tied to her estranged husband, Cardi clarified her legal status: “Stop saying, oh, but you’re still married. No, I’m legally separated. The only reason why I’m still married is because somebody wants me to pay for their taxes.” She revealed that divorce proceedings have been delayed by financial disputes: “The only way I can get out of my marriage is if I pay for somebody else’s taxes, even though I pay for my own, and give them one of my properties. I’m fighting for that. I’m going to fight for that. This is not no love shit.” Cardi made it clear she refuses to pause her life because of contractual delays, declaring: “I’m not going to stop living my life because on a contract, I’m practically still married because somebody want to hold me hostage if I don’t give them millions of dollars to get out of it. Yes, I’m happy.” Her remarks have sparked widespread reactions online, with fans divided over her bold announcement and her ongoing battle to exit her marriage on her own terms.
    0 Comments ·0 Shares ·417 Views
  • Billionaire Elon Musk’s Estranged Daughter Declares Financial Independence, Says She Has ‘No Desire to Be Super Rich’

    Vivian Wilson, the 21-year-old estranged daughter of billionaire Elon Musk, has revealed that she has been financially independent for several months.

    Speaking on Saturday at Teen Vogue’s 2025 Summit, Wilson clarified that despite public assumptions, she earns her own money and receives no financial support from her father, the world’s richest man.

    “I’m financially independent. I’m making money now,” she said. “People assume I have a lot of money, but I don’t have hundreds of thousands of dollars at my disposal.”

    Without mentioning Musk by name, Wilson noted the contrast between her parents’ wealth: “My mom is rich, right? But obviously the other one is unimaginably wealthy.”

    She explained that the high cost of education rules out any expectation of inheritance. “College is expensive. I don’t have that kind of inheritance.”

    Wilson stressed that she has no desire for extreme wealth, adding: “I can afford food. I have friends, a shelter, and some expendable income, which is nice and much more fortunate than most people my age in Los Angeles.”
    Billionaire Elon Musk’s Estranged Daughter Declares Financial Independence, Says She Has ‘No Desire to Be Super Rich’ Vivian Wilson, the 21-year-old estranged daughter of billionaire Elon Musk, has revealed that she has been financially independent for several months. Speaking on Saturday at Teen Vogue’s 2025 Summit, Wilson clarified that despite public assumptions, she earns her own money and receives no financial support from her father, the world’s richest man. “I’m financially independent. I’m making money now,” she said. “People assume I have a lot of money, but I don’t have hundreds of thousands of dollars at my disposal.” Without mentioning Musk by name, Wilson noted the contrast between her parents’ wealth: “My mom is rich, right? But obviously the other one is unimaginably wealthy.” She explained that the high cost of education rules out any expectation of inheritance. “College is expensive. I don’t have that kind of inheritance.” Wilson stressed that she has no desire for extreme wealth, adding: “I can afford food. I have friends, a shelter, and some expendable income, which is nice and much more fortunate than most people my age in Los Angeles.”
    0 Comments ·0 Shares ·359 Views
  • Wike’s U.S. Property Laundering Exposed: Sowore Uncovers Florida Real Estate Transfers to Wife and Children

    A new exposé by activist Omoyele Sowore has revealed a sprawling real estate laundering scheme involving Nigeria’s Minister of the Federal Capital Territory (FCT), Nyesom Wike, and his wife, Justice Eberechi Suzette Wike, a serving Court of Appeal judge. Documents obtained from Florida public records show that the couple transferred multiple U.S. properties—worth millions of dollars—into the names of their children between 2021 and 2023, using Quit Claim Deeds, a legal method often exploited to quietly conceal property ownership.

    Sowore, sharing the documents publicly, accused Wike of using his political office to launder funds into U.S. real estate. The properties, located in Seminole County, Florida, were transferred to their children Jordan, Joaquin, and Jazmyne Wike, with one of the deeds executed just days after Wike assumed office as FCT Minister in August 2023.

    The activist further alleged that the minister's denial of U.S. property ownership during a recent TV interview was a calculated lie, as he had directly signed the deeds. Sowore also linked these transfers to broader patterns of corruption, including Wike’s alleged abuse of office to allocate over 2,000 hectares of prime Abuja land to his son, bypassing due process and payments.

    In addition, a prior report by Peoples Gazette revealed that Wike secretly acquired a $2 million mansion in Florida under the names of his wife and children, raising serious questions about his declared income and sources of wealth. The house, located at 113 Spring Creek Lane, Winter Springs, is also linked to earlier property transfers.

    Sowore has since petitioned U.S. authorities, alleging money laundering, asset concealment, and trafficking in stolen public funds, urging investigation under the Kleptocracy Asset Recovery Initiative.

    Justice Eberechi Wike’s U.S. Democratic Party membership was also flagged, as it violates Nigeria’s Judicial Code of Conduct, which forbids judges from holding partisan affiliations.

    Wike, Nigeria’s former Rivers State governor and now a key minister under President Bola Tinubu, has repeatedly denied all allegations.
    Wike’s U.S. Property Laundering Exposed: Sowore Uncovers Florida Real Estate Transfers to Wife and Children A new exposé by activist Omoyele Sowore has revealed a sprawling real estate laundering scheme involving Nigeria’s Minister of the Federal Capital Territory (FCT), Nyesom Wike, and his wife, Justice Eberechi Suzette Wike, a serving Court of Appeal judge. Documents obtained from Florida public records show that the couple transferred multiple U.S. properties—worth millions of dollars—into the names of their children between 2021 and 2023, using Quit Claim Deeds, a legal method often exploited to quietly conceal property ownership. Sowore, sharing the documents publicly, accused Wike of using his political office to launder funds into U.S. real estate. The properties, located in Seminole County, Florida, were transferred to their children Jordan, Joaquin, and Jazmyne Wike, with one of the deeds executed just days after Wike assumed office as FCT Minister in August 2023. The activist further alleged that the minister's denial of U.S. property ownership during a recent TV interview was a calculated lie, as he had directly signed the deeds. Sowore also linked these transfers to broader patterns of corruption, including Wike’s alleged abuse of office to allocate over 2,000 hectares of prime Abuja land to his son, bypassing due process and payments. In addition, a prior report by Peoples Gazette revealed that Wike secretly acquired a $2 million mansion in Florida under the names of his wife and children, raising serious questions about his declared income and sources of wealth. The house, located at 113 Spring Creek Lane, Winter Springs, is also linked to earlier property transfers. Sowore has since petitioned U.S. authorities, alleging money laundering, asset concealment, and trafficking in stolen public funds, urging investigation under the Kleptocracy Asset Recovery Initiative. Justice Eberechi Wike’s U.S. Democratic Party membership was also flagged, as it violates Nigeria’s Judicial Code of Conduct, which forbids judges from holding partisan affiliations. Wike, Nigeria’s former Rivers State governor and now a key minister under President Bola Tinubu, has repeatedly denied all allegations.
    0 Comments ·0 Shares ·613 Views
  • Wike Dragged Before US Govt Over Newly-Acquired Florida Mansions, Faces Visa Ban.

    Minister of the Federal Capital Territory, Nyesom Wike, has been dragged before the United States government over alleged unlawful acquisition of multimillion-dollar properties in Florida.

    Activist Omoyele Sowore, in a petition dated September 22, 2025, asked the Florida attorney general, James Uthmeier, to prosecute Mr Wike for alleged money laundering and to initiate forfeiture proceedings against the assets.

    The petition, signed by his lawyer, Deji Adeyanju, also urged U.S. authorities to impose sanctions and visa bans on the minister.

    The petition, citing Peoples Gazette’s September 1 report and supported with three claim deeds as exhibits, alleged that Mr Wike, with the assistance of his wife, Justice Eberechi Nyesom-Wike of Nigeria’s Court of Appeal, secretly purchased three luxury lakeside homes in Winter Springs, Seminole County, between 2021 and 2023. The properties, now valued at over $6 million, were reportedly transferred to their children — Jordan, 25, Joaquin, 23, and Jazmyne, 20.

    The identified homes are: 113 Springcreek Lane, bought for $535,000 and transferred to Jordan; 209 Hertherwood Court, bought for $459,157 and transferred to Joaquin; and 208 Hertherwood Court, bought for $465,000 and transferred to Jazmyne.

    According to the petition, all three purchases were made in cash using quitclaim deeds, a transfer mechanism often used within families but vulnerable to exploitation for concealing illicit funds.

    “These transactions, executed in cash and hidden under the names of his children, form a deliberate scheme to launder the proceeds of corruption into U.S. real estate,” the petition stated.

    Mr Sowore further alleged that the properties were never declared to Nigeria’s Code of Conduct Bureau, thereby breaching the Fifth Schedule of the 1999 Constitution, which requires public officers to disclose all assets.
    Wike Dragged Before US Govt Over Newly-Acquired Florida Mansions, Faces Visa Ban. Minister of the Federal Capital Territory, Nyesom Wike, has been dragged before the United States government over alleged unlawful acquisition of multimillion-dollar properties in Florida. Activist Omoyele Sowore, in a petition dated September 22, 2025, asked the Florida attorney general, James Uthmeier, to prosecute Mr Wike for alleged money laundering and to initiate forfeiture proceedings against the assets. The petition, signed by his lawyer, Deji Adeyanju, also urged U.S. authorities to impose sanctions and visa bans on the minister. The petition, citing Peoples Gazette’s September 1 report and supported with three claim deeds as exhibits, alleged that Mr Wike, with the assistance of his wife, Justice Eberechi Nyesom-Wike of Nigeria’s Court of Appeal, secretly purchased three luxury lakeside homes in Winter Springs, Seminole County, between 2021 and 2023. The properties, now valued at over $6 million, were reportedly transferred to their children — Jordan, 25, Joaquin, 23, and Jazmyne, 20. The identified homes are: 113 Springcreek Lane, bought for $535,000 and transferred to Jordan; 209 Hertherwood Court, bought for $459,157 and transferred to Joaquin; and 208 Hertherwood Court, bought for $465,000 and transferred to Jazmyne. According to the petition, all three purchases were made in cash using quitclaim deeds, a transfer mechanism often used within families but vulnerable to exploitation for concealing illicit funds. “These transactions, executed in cash and hidden under the names of his children, form a deliberate scheme to launder the proceeds of corruption into U.S. real estate,” the petition stated. Mr Sowore further alleged that the properties were never declared to Nigeria’s Code of Conduct Bureau, thereby breaching the Fifth Schedule of the 1999 Constitution, which requires public officers to disclose all assets.
    0 Comments ·0 Shares ·372 Views
More Results
Fintter https://fintter.com