General
Nigeria at 57: IGP Orders Watertight Security Nationwide
By Dipo Olowookere
As Nigeria celebrates her 57th independence celebration on Sunday, October 1, 2017 (tomorrow), the Inspector General of Police (IGP), Mr Ibrahim Idris, has directed that a robust and elaborate security arrangement be implemented to ensure a hitch free and peaceful celebration nationwide.
A statement issued by Force spokesman, Mr Jimoh Moshood, disclosed that to ensure adequate security and guarantee utmost protection of life and property of all Nigerians during the period of the celebration and beyond, the IGP directed Commissioners of Police in all states of the federation and their Supervising Assistant Inspectors General of Police in charge of Zonal Commands to carryout massive deployment of officers and men of the Force comprising conventional police personnel, Police Mobile Force, Counter Terrorism Unit, Special Police Forces, Force Intelligence and Investigation Department for covert and overt operations, the Police Helicopters and Police Marine Gunboats to patrol difficult terrains and riverine areas throughout the country, and the Police Mounted Troops and Dogs section for crowd control and crime prevention at venues of celebration and recreation during the period and beyond.
He said the personnel deployed are under strict instructions to be civil, polite but firm in the discharge of their responsibilities.
They are to pay special attention to places of celebrations, public places and other locations where people will gather to celebrate the independence anniversary.
“Sustained surveillance and proactive crime prevention strategies will be adopted, while the ongoing raids of criminal hideouts, black spots, identified troubled spots and other vulnerable points to remove criminal elements will be continued throughout the period,” the statement said.
Furthermore, the Commissioners of Police in charge of the state commands are directed by the IGP to collaborate with other security and safety agencies and also interface with the community leaders to ensure a successful implementation of security operations for the celebration.
Similarly, Mr Idris has placed all the personnel of the Force on RED ALERT to nip in the bud any attempt by any group under whatsoever guise to cause disturbance of the peace on October 1, 2017 or at any other time.
“Consequently, Assistant Inspectors General of Police and Commissioners of Police in charge of Zonal and State Commands have been directed by the Inspector General of Police to be personally on ground to deploy and supervise Police Personnel on visible police patrols and police presence at strategic locations and other identified flash points within the cities, and along the highways and major roads in all states of the country and FCT to build confidence of safety in the people residing everywhere in the country.
“The Police Commanding Officers are to deploy all intelligence and personnel to make sure that the purported quit notice given to the Igbos in the North as well as the Hausa/Fulanis and Yoruba in the Niger Delta region are not actualized.
“They are also to enforce the law as required to prevent the utterance of hate speech and ensure that perpetrators are brought to justice,” the statement said.
“The Nigeria Police Force therefore wishes to implore parents and guardians, traditional rulers, community leaders, religious leaders, youths groups, politicians and public office holders to prevail on their children and wards, adherents, brethren, followers and supporters to be law abiding and not to allow themselves to be used to cause disturbance of public peace anywhere in the country,” it added.
The police warned that, “The full weight of the law will be applied on any person or group for any unlawful act or attempt to cause disturbance of law and order and public peace in the nation.”
Concluding, the police chief urged Nigerians to be their brother’s keeper and demonstrate love, as well as promote harmonious co-existence with fellow Nigerians.
By Adedapo Adesanya
The federal government has issued a data protection compliance circular to all Ministries, Departments and Agencies (MDAs) to promote public trust through data-driven governance.
The compliance directive is contained in Circular No. 59805/S.I/74, dated 27 July 2026, and signed by the Secretary to the Government of the Federation, Mr George Akume, according to a statement by the Head, Legal, Enforcement & Regulations, Mr Babatunde Bamigboye.
The initiative forms part of a continuum of regulatory measures that will be vigorously pursued as Nigeria advances towards the decisive frontiers of the Fourth Industrial Revolution.
The circular drew the attention of MDAs to a statement of President Bola Tinubu, where he said: “Data is the new oil”.
Mr Akume then directed all Ministries, Extra-Ministerial Departments and Agencies to capture the information rigorously and safeguard it under the Nigeria Data Protection Act, 2023 (NDP Act).
The circular also directed MDAs to ensure full compliance with the NDP Act, Regulations, Guidelines, and Directives issued by the Nigeria Data Protection Commission (NDPC) in relation to the processing of personal data.
To this end, the Circular directs MDAs to, designate suitably qualified officers as Data Protection Officers (DPOs) to oversee data protection compliance and advise management on all matters relating to the lawful processing of personal data, ensure that the names and contact details of their designated DPOs are communicated to the NDPC for registration and official records; engage licensed Data Protection Compliance Organisations (DPCOs), where required, to facilitate compliance with the NDP Act and support the conduct of statutory compliance audits.
It also directed them to provide adequate budgetary allocation for data protection compliance activities, including capacity building, awareness programmes, deployment of appropriate technical safeguards, and periodic compliance audits; and submit all mandatory Data Protection Compliance Audit Returns and other statutory returns to the NDPC within the timelines prescribed by law.
The circular further states that “Permanent Secretaries, Accounting Officers and Chief Executive Officers of all MDAs shall be personally responsible for ensuring institutional compliance with the Circular and the provisions of the NDP Act.”
The National Commissioner/Chief Executive Officer of the NDPC, Mr Vincent Olatunji, expressed the commission’s commitment to supporting data-driven governance.
Mr Olatunji maintained that data accountability is pivotal to achieving the eight Presidential Priorities. To provide full technical support to MDAs for the purpose of achieving compliance, the commission has constituted a regulatory clinic.
By Adedapo Adesanya
Yellow Card, a global stablecoin infrastructure provider, has raised $40 million in a strategic funding round to accelerate its international expansion and strengthen its digital payment infrastructure.
The funding round attracted investments from SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. With the latest raise, Yellow Card’s total equity financing has now exceeded $120 million.
The company said the fresh capital will be used to scale its Global US Dollar Accounts, an end-to-end dollar account designed for businesses, while expanding the stablecoin payment rails that connect businesses to markets around the world.
Yellow Card’s chief executive, Mr Chris Maurice, described the investment as a strong endorsement of the company’s long-term vision, noting that the company has spent years building infrastructure that allows businesses to move money globally without relying on traditional correspondent banking systems.
He added that the next phase of growth will focus on helping banks connect directly to stablecoin payment rails, enabling faster and more efficient cross-border transactions while expanding access to US Dollar services for businesses.
SC Ventures chief executive, Mr Alex Manson, said stablecoins are becoming an important part of global payments, but noted that widespread adoption will depend on reliable infrastructure and practical use cases.
He said Yellow Card has built the payment rails businesses across Africa need to move money efficiently across borders and expressed confidence in the company’s ability to expand both within Africa and internationally.
The investment also marks growing interest from global institutions in stablecoin-based payments. Sony Innovation Fund said its backing reflects confidence in Yellow Card’s ability to build digital payment infrastructure for emerging markets.
Mr Austin Noronha, Managing Director at Sony Ventures-US, said the company believes Yellow Card is creating the technology needed to help banks, financial technology firms and enterprises move money faster and more securely.
He added that the company looks forward to supporting Yellow Card as it expands beyond Africa into Latin America, the Middle East, Europe and the Asia-Pacific region.
Yellow Card said the funding will also support the wider rollout of its Global USD Accounts, which allow businesses to hold U.S. dollars, manage treasury operations, swap stablecoins, and collect or make payments in local currencies across more than 50 countries.
The company noted that the platform is already being used by major customers, including Visa and Western Union.
Founded to simplify cross-border payments through digital assets, Yellow Card has processed more than $10 billion in transactions across its network. The company supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa.
Yellow Card has also established strategic partnerships with global payment companies including Visa, Mastercard, PayPal and Coinbase as it positions itself as a key infrastructure provider for international digital payments.
By Adedapo Adesanya
The National Economic Council (NEC) has approved a $4.5 billion arrangement for the Nigerian National Petroleum Company (NNPC) Limited aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.
This is part of the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion facility named “Project Gazelle 2”.
The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an additional $3 billion in liquidity to strengthen the country’s external reserves and support ongoing fiscal and infrastructure priorities of the government.
NEC’s approval followed a presentation by the Minister of Finance, Mr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project.
NEC observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative.
The Finance Minister explained that the refinancing has been structured on more favourable terms than the original facility, including a reduction in the volume of pledged crude oil from 90,000 barrels of oil per day to approximately 78,750 barrels of oil per day – a 12.5 per cent reduction.
He noted that under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by the state oil company.
Mr Oyedele added that while accessing additional liquidity on improved terms, the arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures.
“The arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures,” he said.
VP Shettima called for a responsive, scalable, and data-driven social protection policy to tackle multidimensional poverty in Nigeria.
According to Mr Shettima, government policies are often heard before they are seen, speak through the price of food, condition of hospitals, records in schools, strain on families, the confidence of those who invest their labour in the nation’s future, and, very importantly, the ambitions of state governments.
He implored members of Council to ensure that every decision they make assure the citizens “that their government is paying attention to the pulse of the nation and is resolved to respond with competence, compassion and purpose.”
