News
Reps Move To Regulate Cryptocurrency, POS Operations

Concerned about the growing cases of cybercrime, money laundering, and terrorism financing linked to digital finance platforms, the House of Representatives has set up an ad hoc committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria.
Speaker of the House, Abbas Tajudeen, who inaugurated the committee on Monday in Abuja, said the move became necessary amid increasing concerns over fraud and consumer exploitation in the country’s rapidly expanding digital finance ecosystem.
He noted that while Nigeria’s resilient economy has the potential to support cryptocurrency growth, the risks associated with its unregulated operations, including its use for illicit financial flows, cannot be overlooked.
Abbas explained that the absence of clear regulatory guidelines, coupled with the volatility and complexity of digital assets, compelled the House to intervene and establish a regulatory and consumer protection framework for Virtual Asset Service Providers (VASPs), including cryptocurrencies and crypto-assets.
READ ALSO:NNPP Expels Reps Member, Drags Him To Court
He said Nigeria’s economy has consistently demonstrated resilience, often recovering from recessions and recording growth in non-oil sectors, making it a potentially strong environment for cryptocurrency trade. However, he cautioned that the vulnerabilities inherent in digital currency operations must not be underestimated.
“It is because of this absence of clear rules, coupled with the volatility and complexity of the technology, that the House of Representatives found it imperative to establish regulations and consumer protection measures that will regulate the activities of Virtual Assets Service Providers, including cryptocurrencies and crypto assets,” Abbas said.
He added that the committee’s mandate includes conducting public hearings to gather input from stakeholders that would guide the House in developing legislation for a comprehensive regulatory framework governing cryptocurrency and other digital finance platforms.
READ ALSO:Court Case Stalls Reps Hearing On Takeover Of Benue, Zamfara Houses Of Assembly
The Speaker urged members of the committee to discharge their duties with patriotism and integrity, ensuring that the best interests of the nation guide their work.
In his remarks, the Chairman of the Committee, Olufemi Bamisile (APC–Ekiti), described the assignment as one of national importance aimed at striking a balance between financial innovation and national security.
“We have been entrusted with a task of national significance — to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale operations in Nigeria,” Bamisile said.
He added that the committee would work closely with key regulatory and security agencies such as the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Nigeria Deposit Insurance Corporation (NDIC), Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigeria Police Force.
News
Delta-billionaire Lawuru To Grace Ijaw Media Conference As Guest Of Honour

The President of Egbema Brotherhood, Alaowei Promise Lawuru, is expected to grace the forthcoming Ijaw Media Conference 2025, as a guest of honour.
The event is scheduled to hold on December 3rd, 2025, in Warri, Delta State.
The annual media conference organised by the Ijaw Publishers Forum with the theme ‘Safeguarding Niger Delta’s Natural Resources for Future Generations,’ is second edition of the series.
Lawuru, youthful politician and businessman’s willingness to appear as guest of honour was made known
when a delegation of the Central Working Committee led by Pastor Arex Akemotubo paid him a visit to inform him of the forthcoming event and his expected role.
READ ALSO:IPF Holds Annual Ijaw Media Conference December
In his presentation, Akemotubo explained that this year’s theme was chosen out of concern for the growing strain on the region’s land and waters.
The Publisher of WaffiTV stressed that the forum wants to strengthen public understanding, support honest reportage, and encourage leaders to protect what the Niger Delta holds for the next generation.
He addex that Lawuru’s history of service and steady involvement in community work made him a natural choice for the role.
READ ALSO:IPF Commends Tompolo’s Commitment To Security In Delta, Nigeria
Chief Lawuru welcomed the invitation and spoke warmly about the need for shared responsibility among stakeholders and groups such as the IPF.
He commended the forum for using the media to defend the region’s interests and promised full support for the conference.
Lawuru further urged other stakeholders across the Ijaw nation to lend their weight to efforts that safeguard the environment.
News
Senate Recommends Death Penalty For Kidnappers

The Senate has passed a resolution classifying kidnapping as an act of terrorism, stipulating that an amendment to the Terrorism Act be made to impose the maximum penalty of death.
The resolution was made during plenary on Wednesday.
Under the new law, according to the upper legislative arm, once a kidnapping conviction is established, the death penalty must be applied.
Nigeria suffers from a persistent security crisis fuelled by attacks and violence by “bandit” gangs that raid villages, kill people, and kidnap for ransom.
READ ALSO:Senate Uncovers $300bn Unaccounted Crude Oil Sales
In response to recent kidnappings and attacks by terrorists, President Bola Tinubu on Tuesday ordered a total security cordon over the forests in Kwara State.
Series Of Abductions
Bandits had struck the Isapa community of the Ekiti Local Government Area of Kwara State, abducting 11 residents.
The attack came about two weeks after and 38 worshippers were abducted from a Christ Apostolic Church (CAC) in the Eruku community of the state.
Terrorists also attacked St. Mary’s Catholic Primary and Secondary Schools, Papiri, in Niger State, abducting more that 300 school children and staff in a resurgence of the mass kidnappings that have long harrowed Africa’s most populous country.
READ ALSO:Bill To Establish Federal Oil And Gas Hospital In Delta Scales Second Reading In Senate
In the same week, 24 schoolgirls were taken from the Government Comprehensive Girls Secondary School, Maga, Danko Wasagu Local Government Area in Kebbi State, but regained freedom on Tuesday.
At least 50 taken from St Mary’s Catholic school also managed to escape, but more than 265 children and teachers are still being held.
Nigeria’s high-profile mass kidnapping was that of the Chibok schoolgirls in 2014, when Boko Haram forced 276 girls from their dormitories in the North-East region.
More than a decade later, man of the Chibok girls are still missing.
News
FG Threatens To Seize Dana Air Assets

The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that the Federal Government may recover and sell the assets of Dana Air to refund passengers and travel agents whose funds remain trapped following the suspension of the airline’s operations.
The Minister disclosed this in Abuja on Tuesday at the Ministry’s fourth quarter stakeholders’ engagement to enhance governance for effective service delivery in aviation with the theme: “leveraging public feedback to drive excellence in aviation services”.
According to him, the Nigeria Civil Aviation Authority (NCAA) will be directed to probe why funds trapped by the airline are yet to be refunded.
He revealed that the Authority suspended the operations of the airline as a matter of choice between safety and disaster.
READ ALSO:NCAA Petitions IGP Over KWAM 1’s Unruly Conduct In Abuja Airport
“For Dana, the problem is that it was a choice between safety and disaster. So we didn’t take the commercial thing as priority. The priority was safety, and we all looked at the damning reports that we had met on the table.
“It was a decision of the NCAA to suspend them, but I pushed them to say, look, these are the reports we are seeing on the table about safety record, about lack of standards that put the lives of Nigerians at risk. If they continue flying, I don’t know whether most of us will be here. Many of us would have been victims of one of those flights. God forbid.”
According to him, “I have asked Najomo to dig deep to find out how those passengers and agents will be refunded. He has to dig deep on that.
“One solution will also be that if that same individual or those entities are trying to come back to aviation under any guise, whether to go and register a new AOC or use any business within the aviation sector, they have to go and settle their debts first.
READ ALSO:NCAA Seeks K1 De Ultimate’s Arrest, Petitions AGF, IG
“We should look at their assets. There are assets that are still available. Let them sell their assets. Let’s cannibalize their revenue and pay people. Let’s find a way to go after their assets and get money to pay Nigerians who are owed.
“NCAA should do that because they can’t get away with it.”
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