Leading tech companies, including Google, X (formerly Twitter), Microsoft, and TikTok, have collectively removed over 65 million pieces of harmful content from their platforms in Nigeria. This action followed user complaints and is part of efforts to align with Nigeria’s regulatory standards, as highlighted in a report by the National Information Technology Development Agency (NITDA). Key Highlights from the 2023 Compliance Report The data stems from the 2023 Compliance Report on the Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries. This regulatory framework, issued by NITDA, in collaboration with the Nigerian Communications Commission (NCC) and the National Broadcasting Commission (NBC), aims to foster online safety by curbing the spread of harmful content. According to the report, the following milestones were achieved: A Collaborative Effort Towards Safer Online Spaces NITDA commended the platforms for adhering to the Code of Practice, emphasizing the importance of protecting Nigerians in the digital space. The Code outlines comprehensive guidelines for managing online content and promoting a more transparent and accountable internet ecosystem. In a statement, Mrs. Hadiza Umar, NITDA’s Director of Corporate Communications & Media Relations, noted: “The compliance report provides valuable insight into efforts made by platforms to address user safety concerns, while also highlighting their responsiveness through avenues such as content appeals.” Economic Contributions of Digital Platforms Beyond content moderation, foreign digital companies, including social media platforms, have demonstrated significant economic impact in Nigeria. According to data from the Federal Inland Revenue Service (FIRS) and the National Bureau of Statistics (NBS), these platforms contributed over N2.55 trillion (approximately $1.5 billion) in taxes during the first half of 2024. A Call for Sustained Collaboration While the progress is commendable, NITDA urged continuous collaboration between regulators and tech firms to address evolving challenges in the digital landscape. Focus areas include: As Nigeria’s digital economy continues to grow, initiatives like this are essential for fostering a secure and thriving online community. Join Our WhatsApp Group Hear:
The Ita Marun community in Ibeju Lekki, Lagos State, is in mourning following the tragic death of 25-year-old Kehinde Oduse, the sole survivor of a horrific house fire that claimed the lives of his wife, Eniola (22), and their two children, Eri (4) and Onoara (2). Kehinde succumbed to his injuries on Tuesday morning at the Gbagada General Hospital. Details of the Incident In the early hours of November 26, unidentified individuals broke into the family’s residence at approximately 2 a.m. while they were asleep. The attackers doused the apartment, particularly the family’s bedroom, with petrol and set it ablaze. The fire engulfed the house, leaving Kehinde with severe burns while his wife and children perished in the inferno. The Fight for Survival Kehinde was rushed to the hospital in critical condition, battling extensive burns. Despite efforts by medical professionals to save him, he passed away around 5 a.m. on Tuesday due to the severity of his injuries. According to his twin sister, Taiwo, the doctors had warned the family that his survival chances were slim. Speaking in tears, Taiwo recounted:“He gave up this morning despite all efforts by the doctors. We hoped he would pull through, but the burns were too severe.” During a visit to the hospital on Sunday, Kehinde was seen in excruciating pain in the emergency ward, surrounded by his grieving family, who tried to comfort him during his final days. Family Calls for Justice The devastating fire is believed to be linked to a conspiracy over the family’s ancestral land, according to a relative, Razaq. He alleged that individuals from the community orchestrated the attack and urged authorities to investigate thoroughly. “This was no accident,” Razaq said. “We’ve found evidence suggesting a conspiracy involving some people who want to seize our family’s ancestral land. Justice must be served.” The family is now appealing to law enforcement agencies and relevant authorities to identify and prosecute those responsible for the heinous crime. Community’s Grief and Call for Action The Ita Marun community is reeling from the tragedy, with calls for increased security to prevent similar incidents in the future. The loss of an entire family has left residents shocked and heartbroken, sparking discussions about safety and justice in the area. Join Our WhatsApp Group Hear:
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The Lagos State Electricity Bill, 2024, was officially signed into law by Governor Babajide Sanwo-Olu at the State House, Alausa, Ikeja. Present at the signing were key government officials, including Deputy Governor Dr. Obafemi Hamzat, Commissioner for Energy and Mineral Resources Biodun Ogunleye, Chairman of the House Committee on Energy and Mineral Resources Sabur Oluwa, and Attorney-General/Commissioner for Justice Lawal Pedro (SAN), alongside stakeholders from the public and private sectors. Transforming Lagos Through Reliable Power Supply Governor Sanwo-Olu hailed the new legislation as a groundbreaking framework for advancing energy equity, driving economic growth, and promoting environmental sustainability. He stated that the bill is a vital step toward achieving consistent and reliable electricity for residents and businesses across Lagos. “This law is a paradigm shift that will redefine Lagos’ energy landscape,” the governor remarked. “It marks a significant leap forward in our vision for a Greater Lagos, ensuring a robust and sustainable power infrastructure to support households and enterprises alike.” Empowering SMEs and Driving a 24-Hour Economy The governor underscored how the legislation aligns with Lagos’ aspirations to develop a 24-hour economy. This initiative is particularly designed to empower Small and Medium Enterprises (SMEs), which often face challenges due to inconsistent power supply. “With this law in place, Lagos is set to become an economic powerhouse, fostering growth, creating jobs, and enhancing the quality of life for all residents,” Sanwo-Olu added. A Vision for Safety and Sustainability Beyond economic growth, the governor shared a broader vision of transforming Lagos into a safer city where residents can enjoy improved security and walk freely at night without fear. This legislation also reinforces the state’s commitment to embracing sustainable energy practices, strengthening its leadership role in renewable energy adoption in Nigeria. Join Our WhatsApp Group Hear:
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Nigerian Pastor Tobi Adegboyega to Be Deported After Losing UK Immigration Tribunal Case Tobi Adegboyega, a controversial Nigerian pastor and former leader of the SPAC Nation church, has lost his fight to remain in the UK. The immigration tribunal ruled in favor of deporting him back to Nigeria, despite his claims that the move would violate his human rights under the European Convention on Human Rights (ECHR). Who is Pastor Tobi Adegboyega? Adegboyega, 44, is a cousin of renowned Star Wars actor John Boyega. He gained notoriety as the leader of SPAC Nation, a London-based church catering primarily to young Black communities. The organization claimed to help young people escape crime and find purpose through faith. However, the church was shut down due to financial irregularities and allegations of misconduct. Despite his marriage to a British citizen and his claims of contributing positively to the community, the UK Home Office presented evidence suggesting otherwise. Key Allegations Against SPAC Nation and Adegboyega The tribunal found that the church operated more like a cult, preying on young people under the guise of religious guidance. Adegboyega’s Defense and Tribunal Findings Adegboyega’s legal team described him as a charismatic leader whose work had been recognized by notable figures, including former UK Prime Minister Boris Johnson. However, no evidence from these individuals was presented in court. He also argued that his absence would hinder community projects he spearheaded. Yet, the tribunal noted that much of his work was exaggerated, with no substantial proof that his departure would negatively impact these initiatives. The judgment declared his claims “hyperbolic,” stating: “We are not satisfied that the good work SPAC Nation undertakes generally would collapse or even significantly suffer should the Appellant be required to leave the UK.” Background of Immigration Issues Adegboyega has been living in the UK unlawfully since overstaying his visitor’s visa in 2005. In 2019, he applied for leave to remain, citing the ECHR’s right to family life, but his application was rejected. His recent appeal failed to sway the tribunal, which deemed his case “wholly proportionate” for deportation. What Happens Next? Adegboyega is now set to return to Nigeria, a decision met with mixed reactions. While some see this as justice served, others argue it highlights flaws in the UK immigration system. This case underscores the importance of transparency and accountability, especially for leaders in positions of influence. It also raises questions about how faith organizations are monitored and regulated globally. Join Our WhatsApp Group Hear:
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South Africa’s announcement of simplified visa processes for Nigerians has sparked mixed reactions among its citizens. President Cyril Ramaphosa revealed the new visa measures during the 11th Nigeria-South Africa Bi-National Commission (BNC) in Cape Town, alongside Nigerian President Bola Tinubu. Key Changes to the Visa Process The new policies include: These changes aim to bolster business ties and boost tourism between the two nations. “Our efforts to create a favorable environment included simplifying the visa process for Nigerian businesspeople traveling to South Africa,” Ramaphosa stated during the event. Public Backlash: Mixed Opinions on Social Media While some view the policy as a step toward strengthening bilateral relations, others have taken to social media to voice their disapproval. What’s Driving the Policy? The relaxed visa rules aim to: Is It the Right Move? Despite the potential economic benefits, critics argue that the policy does not align with South Africans’ sentiments toward Nigerian visitors. Concerns over crime and strained public services have fueled some of the backlash. Conclusion The decision to ease visa restrictions for Nigerians is a bold move by South Africa, aimed at fostering economic growth and regional cooperation. However, it has ignited a divisive debate, reflecting the complex dynamics of South Africa’s immigration policies and its citizens’ concerns. Join Our WhatsApp Group Hear:
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Pastor Chris Oyakhilome DSc DSc DD No man can come to me, except the Father which hath sent me draw him…(John 6:44). The Lord Jesus explained that God draws individuals through His Word and His message: “It is written in the prophets, And they shall be all taught of God. Every man therefore that hath heard, and hath learned of the Father, cometh unto me” (John 6:45). When people hear the message and respond in faith, they’re drawn to Jesus because “…faith cometh by hearing, and hearing by the word of God” (Romans 10:17). This means for someone to come to Christ, they first need to hear the message of the Gospel (Romans 10:14). This underscores the importance of our individual responsibility in preaching and sharing the Gospel because it is through this proclamation that God draws people to Himself. So, more than ever before, preach the Gospel with conviction. In Romans 1:16-17, Paul’s conviction is palpable as he asserts that the Gospel is the definitive power of God for salvation. No wonder he preached it boldly, covering whole regions and territories with the Gospel, even at the peril of his life. He said in Romans 15:19, “…from Jerusalem, and round about unto Illyricum, I have fully preached the gospel of Christ.” His valedictory remarks to the Christians at Ephesus, just before he rounded off his ministry, will provoke your faith for the Gospel and literally make you weep in intercession for souls. Read the entire portion in Acts 20:18-27. Paul knew that there are no alternatives; the Gospel is the singular pathway to salvation for all who believe. Therefore, like Paul, be resolute and absolute in your commitment to proclaiming the Gospel. Refuse to stay silent in your workplace, in the marketplace, and in your community. Consider the divine connections and opportunities God orchestrates in your life—the people you meet, the places you go—they’re not just for your personal gain but opportunities to share the message of salvation. Proclaim Christ to everyone you meet, recognizing that God networks us primarily to fulfil His eternal purpose of drawing people to Himself through us. Hallelujah! PRAYERDear Father, I recognize that it is through the proclamation of your Word that you draw people unto yourself. I walk in boldness and clarity as I share the message of salvation with those in my sphere. I see every encounter as an opportunity orchestrated by you to bring others into the Kingdom. By your Spirit, I’m empowered to be an effective witness of your grace and love to a hurting world, in Jesus’ Name. Amen. FURTHER STUDY:|| Mark 16:15-16And he said unto them, Go ye into all the world, and preach the gospel to every creature. 16 He that believeth and is baptized shall be saved; but he that believeth not shall be damned. || || Acts 1:8But ye shall receive power, after that the Holy Ghost is come upon you: and ye shall be witnesses unto me both in Jerusalem, and in all Judaea, and in Samaria, and unto the uttermost part of the earth. || || Matthew 28:19-20Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost: 20 Teaching them to observe all things whatsoever I have commanded you: and, lo, I am with you alway, [even] unto the end of the world. Amen. || || Romans 1:16For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to every one that believeth; to the Jew first, and also to the Greek. || Daily Affirmation: I function with supernatural strength and abilities today; nothing and no one can hurt or harm me, for my sufficiency is of God. My body was fashioned for the Lord’s presence. It is the temple of the Holy Spirit, therefore sickness, disease and anything that hurts or binds have no place here. I live in the ageless zone, where I can only grow without aging. Each day, I get stronger and healthier. Like the eagle, my strength and my youth are renewed. The plan of the enemy against me is completely null and void. I have peace all around me! I am never without strength because the Strengthener – the Holy Spirit – is in me. He ministers to my body and energizes me in health, strength, and vigor. Weakness is not an option in my life because the Holy Ghost dwells in me. I am empowered with might from within; therefore, I am victorious at every count and in everything. I refuse to live or function by natural abilities or within human capacities. I make full proof of God’s limitless power that has been deposited in my spirit; thus, I reign, rule, and dominate my world. The Lord is my Shepherd—to feed, guide and shield me; I lack nothing! He makes me lie down in fresh, tender green pastures; He leads me beside the still waters. Therefore, I walk in ever-increasing prosperity, possessing enough to require no aid or support and furnished in abundance for every good work and charitable donation. The glory of God is evident in my finances, health, family, business, and ministry. Christ in me is my guarantee of perfect health, prosperity, and success. Eternal life flows into everything I lay my hands on to do, causing endless prosperity. God’s divine power has given unto me all things that pertain to life and godliness. I live in endless prosperity. I declare that I am reigning in life–in my health, finances, job, and every area of my life. I walk in the victory and dominion of Christ today. I manifest life, glory, and excellence in every fiber of my being, and I grow from strength to strength every day. I live above the systems of the world. I’m seated together with Christ, far above principalities, powers, and the elements of this realm in Jesus’ name. Amen. Speak in tongues.
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The Ondo State security outfit, Amotekun Corps, has arrested a security guard, Sule Gende, for faking his own kidnapping and demanding a hefty ₦50 million ransom from his employer at a rubber plantation in Edo State. Details of the ArrestChief Adetunji Adeleye, the Commander of Amotekun, revealed the arrest during the parade of 22 suspected criminals in Akure. Alongside Gende, two accomplices were also apprehended in connection with the crime. According to Chief Adeleye, Gende orchestrated his “kidnap” and hid in a residence located in Ondo State’s Southern Senatorial District. The property belonged to his accomplice, a 19-year-old friend and fellow security guard, James Lisbon. Confessions and InvestigationDuring interrogation, Lisbon admitted to providing shelter for Gende, claiming he was misled into believing that Gende was on his way to Benue State. Lisbon disclosed that Gende supported their upkeep by giving him ₦10,000 on two occasions. The case unraveled when the rubber plantation’s management reviewed CCTV footage that showed Gende being abducted by alleged gunmen. Shortly after, the “kidnappers” contacted the company, initially demanding ₦50 million before reducing the ransom to ₦15 million during negotiations. When the Department of State Services (DSS) could not trace the suspects, the company sought help from the Amotekun Corps. Through strategic efforts, Amotekun successfully tracked down and arrested the culprits at their hideout. Legal Actions and CollaborationChief Adeleye confirmed that the suspects would be handed over to the DSS in Edo State to ensure proper prosecution. He emphasized the importance of inter-agency collaboration to maintain law and order. Heightened Security for the Festive SeasonTo bolster security during the yuletide season, Amotekun has deployed 1,200 personnel to strategic locations and crime-prone areas across Ondo State’s 18 local government areas. Chief Adeleye assured residents and visitors of robust safety measures. “In a few days, you will notice Amotekun personnel at key spots across the state. Our collaboration with other security agencies ensures effective crime prevention,” he stated. Additionally, the commander announced the start of the annual 24/7 joint border patrol between Ondo and Osun States to safeguard travelers during the festive period. “Amotekun remains committed to protecting lives and property throughout the holiday season,” Adeleye affirmed. Join Our WhatsApp Group Hear:
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The Economic and Financial Crimes Commission (EFCC) has firmly countered criticisms by activist Omoyele Sowore regarding its historic recovery of 753 luxury duplexes and apartments in Abuja. The properties, located at Plot 109, Cadastral Zone C09, Lokogoma District, were officially forfeited to the Federal Government on December 2, 2024. EFCC’s Legal Justification for Seizure In a statement released by Dele Oyewale, Head of Media and Publicity, the EFCC clarified that the forfeiture followed legal procedures outlined in the Advance Fee Fraud Act. This law permits civil proceedings for property seizure based on actionable intelligence, focusing on unclaimed properties rather than individuals. The EFCC emphasized that its investigation was comprehensive and transparent, involving publicized media notices to identify the estate’s owners. However, the company linked to the estate denied ownership, prompting the commission to seek a final forfeiture order from the Federal Capital Territory (FCT) High Court, granted by Justice Jude Onwuegbuzie. Addressing Sowore’s Allegations Sowore criticized the EFCC for allegedly shielding the identity of the estate’s promoters. The EFCC dismissed these claims, explaining that no specific individuals were connected to the properties’ title documents during the investigation. The commission described Sowore’s remarks as “unacceptable and grossly uncharitable,” urging him to acknowledge its efforts in combating corruption. EFCC’s Broader Fight Against Corruption The EFCC reaffirmed its commitment to fighting corruption without fear or favor, stating, “The substantive criminal investigation on this matter is ongoing. The EFCC operates with a no-sacred-cow policy, ensuring accountability and transparency in its actions.” The agency also criticized the systemic failures that allowed such large-scale corruption to thrive, reiterating its dedication to promoting a corruption-free Nigeria. Key Takeaways: This landmark recovery underscores the EFCC’s resolve to address systemic corruption and ensure justice prevails in Nigeria. Join Our WhatsApp Group Hear:
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The President of the Senate, Senator Godswill Akpabio, has issued a stern warning to all chairmen of Senate standing committees, emphasizing that underperformance will not be tolerated. He made it clear that committee leaders who fail to deliver on their mandates may be replaced to ensure effective oversight and legislative accountability. Senate Oversight on Revenue-Generating Agencies Senator Akpabio’s remarks came in response to concerns raised by Senator Abdul Ningi (PDP, Bauchi Central) regarding the Senate Committee on Finance’s failure to perform oversight on 92 revenue-generating agencies. Akpabio expressed dissatisfaction with how some Ministries, Departments, and Agencies (MDAs) have continued to disregard Senate invitations, highlighting the urgent need for committees to assert their authority. “If any committee finds it difficult to oversee its assigned agencies, we will not hesitate to restructure and appoint capable individuals who can deliver results for the benefit of democracy,” Akpabio stated. Deadline for Committee Oversight Reports To enhance accountability, Akpabio has directed all committee chairmen to submit detailed oversight activity reports by January 31, 2025. These reports will help identify challenges and assess the performance of the committees in addressing critical national issues. Enforcing Legislative Powers Senator Akpabio reminded lawmakers of their constitutional authority to issue warrants of arrest against uncooperative MDA heads. He stressed the importance of committees exercising their oversight powers effectively. “Our constitution empowers us to summon and demand accountability from MDAs. Any committee that overlooks non-compliance indirectly allows such agencies to disregard their legislative obligations, turning negligence into a norm,” Akpabio warned. Senate Committees: A Key Pillar of Accountability With over 70 standing committees in the Senate, each composed of a chairman, vice-chairman, and members, these committees play a critical role in ensuring the effective functioning of government agencies. Established in line with the Senate’s Standing Orders, their responsibilities include oversight, legislative scrutiny, and policy review. The Bottom Line Akpabio’s message underscores the Senate’s commitment to strengthening democracy through robust oversight and accountability. His call to action challenges committee leaders to rise to the occasion or face the consequences of non-performance. Join Our WhatsApp Group Hear:
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A Delaware judge has reaffirmed her decision to reject Tesla CEO Elon Musk’s controversial $56 billion compensation package, despite a recent shareholder vote in favor of reinstating it. The ruling, issued by Chancellor Kathaleen McCormick of the Court of Chancery, underscores the legal and ethical complexities surrounding executive pay at the world’s most valuable carmaker. Why the Pay Package Was Denied In her detailed 101-page opinion, Chancellor McCormick stated that Tesla’s efforts to “reset” the pay package were invalid. She emphasized that allowing parties to create new circumstances to overturn judgments would lead to endless litigation. Additionally, McCormick noted that Musk had undue influence over the pay negotiations, violating corporate governance standards. The judge also criticized Tesla’s proxy statements for containing material misstatements, which she argued disqualified the subsequent shareholder vote from legitimizing the package. Tesla and Musk Plan to Appeal Tesla expressed disagreement with the ruling, calling it “wrong” and confirming plans to appeal to the Delaware Supreme Court. The appeal process, which could extend over a year, is expected to test the limits of shareholder influence versus judicial oversight. Musk, on his social media platform X, reiterated his belief that “shareholders should control company votes, not judges.” Implications for Tesla and Its Shareholders The rejected pay plan was initially designed to award Musk stock options tied to Tesla’s performance and valuation milestones. Valued at $56 billion in 2018, the package could now be worth $101 billion, given Tesla’s significant stock rally following Donald Trump’s recent presidential election victory. The uncertainty surrounding Musk’s compensation has raised concerns among Tesla investors. Some fear that rescinding the package could lead Musk to shift focus to other ventures, such as SpaceX or artificial intelligence projects, potentially hindering Tesla’s future growth. Legal and Financial Fallout The case has also resulted in significant legal fees. Tesla was ordered to pay $345 million in attorney fees to the plaintiffs, making it one of the largest fee awards in securities litigation history. Shareholder Sentiment and Future Prospects The ruling has sparked widespread debate among Tesla’s devoted shareholder base. While many argue that Musk deserves the compensation for achieving Tesla’s ambitious goals, others are concerned about corporate governance and the precedent such a pay package might set. Prominent Tesla investor Gary Black voiced hope that the Delaware Supreme Court would overturn the ruling, calling it “too rigid.” Meanwhile, Musk’s supporters on X have rallied behind him, emphasizing the need to respect shareholder votes. What’s Next? As Tesla and Musk prepare for their appeal, the case highlights broader questions about executive compensation, corporate accountability, and the balance of power between shareholders and courts. With Musk also taking on a new role in government efficiency under President Trump’s administration, his influence continues to expand beyond the corporate world, further complicating Tesla’s trajectory. Key Takeaways Tesla’s appeal will be closely watched as it could redefine corporate governance and executive compensation practices in the United States.
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Suspected bandits have abducted Hon. Dr. Joseph Haruna Kigbu, a former member of the House of Representatives, in a tragic incident that also claimed the life of his police escort. The attack occurred yesterday evening around 6:00 p.m. on the highway connecting Nunku in Akwanga Local Government Area of Nasarawa State and Gwantu in Sanga Local Government Area of Kaduna State. Details of the Incident Eyewitnesses recounted that the bandits launched a sudden assault, firing indiscriminately and creating panic among travelers. In the ensuing chaos, the armed assailants targeted Dr. Kigbu’s convoy, engaging his police escort in a gunfight. Tragically, the officer was fatally shot while attempting to thwart the abduction. Villagers in the area disclosed that the route has long been a hotspot for bandit activities, making it perilous for commuters. Security Challenges in the Region This incident highlights the escalating insecurity in Nasarawa and neighboring Kaduna State, where banditry and kidnappings have persisted despite ongoing efforts by security forces. Residents are urging authorities to bolster patrols and establish more checkpoints to prevent further attacks. Police Response Pending Efforts to obtain a response from the Nasarawa State Police Command were unsuccessful as calls to the Police Public Relations Officer went unanswered at the time of filing this report. Call for Action The abduction of Dr. Kigbu and the loss of the police escort underscore the urgent need for enhanced security measures in the region. Stakeholders are calling for swift action to address the root causes of insecurity and restore public confidence in safety along this critical route.
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Uyo, Akwa Ibom State – The Akwa Ibom State Police Command has apprehended a suspect, Promise Boniface, for allegedly stealing five children in Obio Ibiono Local Government Area. Boniface was paraded along with other suspects accused of various crimes at the State Police Command headquarters in Uyo. The Commissioner of Police, Joseph Eribo, confirmed that all five children were rescued unharmed and reunited with their parents. Details of the Arrest According to the Commissioner, Boniface was intercepted after a swift response by local villagers and police operatives, following a hot chase. The motorcycle allegedly used during the crime was also recovered. When questioned, Boniface claimed he found the children stranded in the rain, but he confessed, “It is condition that led me to do it. This is my first time of doing this.” Other Crime Updates On November 27, 2024, police operatives engaged in a gunfight with armed men attempting to kidnap a victim along the Ikot Ekpene-Uyo Highway. The confrontation left one suspect dead, while others fled. Recovered items included: In another operation, police raided a gun-making factory based on credible intelligence. The factory, used to fabricate and supply firearms to criminals, led to the arrest of one suspect, David Nse Emmanuel. While other family members involved escaped, the following items were recovered: Efforts are ongoing to apprehend fugitives and trace customers linked to the illegal gun trade. Arrests for Armed Robbery and Vehicle Theft The Akwa Ibom Police Command also paraded suspects involved in armed robbery and vehicle theft, including: Recovered stolen vehicles include: Police Commitment to Safety CP Joseph Eribo reiterated the Command’s dedication to combating crime and maintaining Akwa Ibom as one of Nigeria’s safest states. “We will continue to protect lives and property, ensuring the safety of all citizens and residents,” he assured. Investigations are ongoing, and all suspects will be charged to court upon completion.
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In a move that has sparked widespread dissatisfaction, operators of Point-of-Sale (POS) terminals have increased their charges, following the implementation of the Federal Inland Revenue Service’s (FIRS) Electronic Money Transfer Levy (EMTL). This N50 levy applies to any electronic transfer of N10,000 or more, in line with the new tax regulations. Starting December 1, 2024, several fintech platforms, including Moniepoint, PalmPay, and OPay, began notifying their customers of the N50 charge on any electronic inflow of N10,000 or more. The levy, part of the Finance Act 2020, is designed to bring more electronic transactions under the scope of the Stamp Duty Act. Moniepoint clarified in an email that the N50 charge will be applied to inflows above N10,000, but emphasized that the company does not benefit from the levy. Instead, it is collected by Moniepoint and remitted to the FIRS. PalmPay echoed this, stating that the levy, effective November 30, 2024, would be remitted directly to the federal government. Some POS operators, however, are struggling with the impact of the levy, particularly in regions with limited cash availability. Kazeem Adewale, a POS operator in Ogun State, voiced his frustrations, explaining that many customers are upset about the increase in charges. Other operators, such as Mrs. Helen Faniran in Ondo, shared that the cost of acquiring cash from local vendors has increased, leading to higher transaction fees. While some POS operators are gradually introducing the new charges, others, like a Lagos-based vendor, have yet to implement them. Consumers have also taken to social media to voice their concerns. One user on X (formerly Twitter), Sam Addai, criticized the levy, calling it an unfair tax on digital transactions. Another user, 6xstem, called it “robbery in broad daylight.” As the EMTL continues to be enforced, the increase in POS charges is causing growing unease among Nigerian consumers, who are questioning the fairness and transparency of this new financial burden.
