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10/05/2024

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10/05/2024

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09/05/2024

CBN new policy of 0.5% cyber security levy

INTRODUCTION OF CYBER SECURITY LEVY IS ILL CONCEIVED AND OPEN SIGN OF NON CONCERNED ATTITUDE OF THE PRESIDENT TINUBU'S ADMINISTRATION TO THE PLIGHT OF COMMON MAN IN THE COUNTRY.
NIGERIAN PEOPLE ARE ALREADY GRAPPLING WITH VARIOUS LEVIES, TAXES, UNJUSTIFIABLE BANK CHARGES.
WHAT IS CYBER SECURITY LEVY AGAIN?
DOES THE TINUBU ADMINISTRATION USE TO DELIBERATE ON POLICY FORMULATIONS BEFORE INFORMING THE PUBLIC?
NIGERIAN PEOPLE ARE ALREADY SADDLED WITH EPILEPTIC POWER SUPPLY, INSECURITY, HIGH INFLATIONARY TRENDS, UNEMPLOYMENT , PROHIBITIVE COSTS OF LIVING, PETROL SCARCITY, HUNGER ETC.
ALL STATE AND LOCAL GOVERNMENT ARE RECEIVING ALMOST TWICE THEIR FORMER MONTHLY ALLOCATIONS, YET LIVE OF COMMON MAN IN THE STREET GETS POORER, STIFFER AND STRANGULATING UNDER THE HARD ECONOMIC MEASURES.
MR. PRESIDENT SIR, WHEN WILL NIGERIA PEOPLE ENJOY DIVIDENDS OF DEMOCRACY?
NIGERIA HAVE MOVED FROM EMILOKAN (MY TURN) TO EBILOKAN (HUNGER SEASON)
WHICH WAY MR. PRESIDENT?

https://www.facebook.com/100064625772115/posts/847579774072874/?app=fbl
08/05/2024

https://www.facebook.com/100064625772115/posts/847579774072874/?app=fbl

𝐄𝐅𝐂𝐂 𝐀𝐫𝐫𝐞𝐬𝐭𝐬 𝐄𝐢𝐠𝐡𝐭 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐅𝐫𝐚𝐮𝐝𝐬𝐭𝐞𝐫𝐬 𝐈𝐧 𝐀𝐤𝐰𝐚 𝐈𝐛𝐨𝐦 𝐑𝐚𝐢𝐝

Operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission arrested eight suspected internet fraudsters in an early morning sting operation on Thursday.

The anti-graft agency disclosed this in a statement on its X.com handle on Wednesday, stating that they were arrested following credible intelligence on their involvement in fraud.

The statement read, "Operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Thursday, May 2, 2024, arrested eight suspected internet fraudsters in an early morning sting operation at Osong Ama Extension in Uyo, Akwa Ibom State.

"They were arrested following credible intelligence on their suspected involvement in internet fraud."

It further read that the suspects would be charged to court as soon as investigations are concluded.

"Items recovered from them include seven laptops; 13 smartphones; two wristwatches and one router, the statement added.

PUNCH reported in March how operatives of the Ibadan Zonal Command of the EFCC arrested 74 suspected internet fraudsters in Ogun State following surveillance and intelligence reports.

Credit: X| officialEFCC

08/05/2024

Meta, Facebook parent company has told Legit.ng that Nigerian content creators living in the country would be able to monitize their content by June 2024.

https://www.facebook.com/100064302235253/posts/840184608134939/?app=fbl
08/05/2024

https://www.facebook.com/100064302235253/posts/840184608134939/?app=fbl

Forex traders who operate on the streets in major cities across Nigeria have gone into hiding following a raid by officials of the Economic and Financial Crimes Commission (EFCC).

The development comes two months after the Central Bank of Nigeria (CBN) banned street trading of foreign exchange (FX) and implemented stricter regulations for Bureau De Change (BDC) operators.

According to reports, the EFCC conducted the raid in various locations, resulting in the arrest of several FX traders.

An FX trader in Port Harcourt, who requested anonymity for safety reasons, disclosed that many traders were apprehended during the morning raid.

“The EFCC guys came in the morning, I was not there when they came, but many of the traders who came in the morning were arrested,” he told TechCabal.

Similarly, another trader in Gbagada, Lagos, confirmed that FX traders in the area were hiding, noting that arrests were made in Sh*tta and Lagos market.

“They arrested people in Sh*tta and Lagos market,” he stated.

This recent operation by the EFCC follows a similar crackdown in February, where over 100 currency traders were arrested in Lagos.

Additionally, the CBN revoked the operating licenses of more than 4,000 BDC operators a month later.

The raids and arrests are part of a series of policy actions aimed at restoring confidence in Nigeria’s volatile FX markets.

Despite the naira briefly becoming the world’s best-performing currency in March, it weakened again as the US dollar strengthened against most major currencies.

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