General
FG Combs Everywhere for Fleeing Binance Executive Nadeem Anjarwalla
By Modupe Gbadeyanka
The federal government has begun to spread its tentacles across the globe for the Executive Manager of Binance for the African region, Mr Nadeem Anjarwalla, who escaped from detention in Abuja last Friday.
Mr Anjarwalla was arrested alongside another top representative of the organisation, Mr Tigran Gambaryan, after they arrived in the country on February 26, 2024, at the invitation of the Nigerian government.
The government was looking into their alleged involvement in the manipulation of the Naira in the foreign exchange (FX) market through the cryptocurrency exchange platform.
They were kept in custody by the Office of the National Security Adviser (ONSA), which asked a court in Abuja for an order to extend their detention.
The matter was fixed for hearing on April 4, but last Friday, Mr Anjarwalla, a 38-year-old British and Kenyan citizen, fled the country after he was reportedly accompanied to a nearby mosque.
In a statement on Monday, the Head of Strategic Communication at ONSA, Mr Zakari Mijinyawa, disclosed that the necessary authorities have been notified of the development and efforts would be made to get him back to Nigeria wherever he is.
“The Federal Government, like other governments around the world, has been investigating money laundering and terrorism financing transactions perpetrated on the Binance currency exchange platform.
“Until his escape, Nadeem Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts.
“The suspect escaped while under a 14-day remand order by a court in Nigeria, and was scheduled to appear before the court again on April 4, 2024.
“The Office of the National Security Adviser confirms that Nadeem Anjarwalla, a suspect in the ongoing criminal probe into the activities of Binance in Nigeria escaped from lawful custody on Friday, March 22, 2024.
“Upon receiving this report, this office took immediate steps, in conjunction with relevant security agencies, MDAs, as well as the international community, to apprehend the suspect.
“Security agencies are working with Interpol for an international arrest warrant on Nadeem Anjarwalla.
“Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport.
“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement said.
General
Lagos, Japan to Unlock Investment Opportunities in Wastewater Management Value Chain
By Modupe Gbadeyanka
The Lagos State government is looking to partner with Japan to unlock investment opportunities across the wastewater management value chain.
The Lagos State Wastewater Management Office (LSWMO) recently engaged the Japan International Cooperation Agency (JICA) survey team to advance a comprehensive model for wastewater infrastructure development in the metropolis, focusing on system integration, efficiency and long-term urban resilience.
The General Manager of LSWMO, Mr Adefemi Afolabi, informed his guests that Lagos, as a rapidly growing megacity with increasing pressure on its infrastructure, presents significant opportunities for investors to explore.
“Unlocking investment opportunities and improving service delivery across the State remains a top priority of the government. We have continued to create an enabling environment for private sector participation through the State Public-Private Partnerships (PPP) system.
“The Office of PPP provides a robust regulatory and institutional framework that supports investors, safeguards infrastructure assets, and ensures the protection of investments and returns on investment,” he stated.
Across the wastewater management value chain, the agency continues to explore innovative solutions, including brownfield and greenfield projects, to expand infrastructure capacity and create viable investment opportunities capable of boosting revenue generation for the State.
He expressed appreciation to JICA for its continued investment and technical support in the environmental sector, acknowledging that the support and intervention of development partners are essential to achieving long-term sustainability goals.
In his remarks, the JICA Team Lead, Mr Teketoshi Fujiyama, commended LSWMO for its systematic and policy-driven approach to wastewater management, describing it as a strong foundation for scalable infrastructure development.
He also acknowledged the detailed PPP model of the state, adding that such a framework will attract investors, ensure operational efficiency, and guarantee the long-term viability of wastewater projects in Lagos State.
While seeking deeper insights into the agency’s current operations, plans, and inter-agency coordination mechanisms, he noted that such engagements would help identify priority areas for technical support, capacity development and integrated infrastructure planning.
He disclosed that JICA is currently collaborating on water-related projects with the African Development Bank and other partners, including the EU Waterworks initiatives in select Nigerian communities.
“JICA is exploring modalities with relevant stakeholders to improve water supply and distribution networks across Lagos, while also considering the integration of wastewater management systems into broader urban water planning,” he added.
Mr. Fujiyama further emphasised the importance of embedding wastewater solutions into existing and future infrastructure projects, noting that sustainable urban development cannot be achieved without a holistic approach to water resource management.
General
SERAP Urges Tinubu to Reverse NBC Directive Over Censorship Fears
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to withdraw a recent directive issued by the National Broadcasting Commission (NBC), describing it as a dangerous attempt to impose censorship on the media.
NBC on Friday issued a strong warning to broadcasters over what it described as rising cases of unethical conduct among presenters and programme anchors, warning that violations of the Nigeria Broadcasting Code will attract sanctions ahead of the 2027 general elections.
The commission said it had observed a disturbing decline in professionalism across news, current affairs and political programmes, with some presenters breaching standards of fairness, balance and neutrality.
According to NBC, there has been an increase in cases where anchors present personal opinions as facts, fail to provide equal opportunity for opposing views, and allow the broadcast of inflammatory or divisive content.
In a Sunday statement posted on its official X handle, SERAP called on President Tinubu to direct the Minister of Information, Mohammed Idris, and the NBC to reverse the notice.
According to the statement, Nigerian journalists, including presenters, are allowed to freely carry out their constitutional responsibilities and exercise their fundamental human rights.
“We’ve urged President Bola Tinubu to direct Mr Mohammed Idris Malagi, Minister of Information and National Orientation, and the National Broadcasting Commission (NBC) to immediately withdraw the unlawful ‘Formal Notice’ issued last week by the NBC, which threatens sanctions against broadcast stations and presenters on vague and unjustified grounds, including the expression of ‘personal opinions,’ alleged ‘bullying or intimidation’ of guests, and failure to ‘maintain neutrality.’
“We urged him to direct the Minister of Information and the NBC to immediately abstain from imposing prior censorship on broadcast stations and Nigerian journalists, including presenters, and to allow them to freely carry out their constitutional responsibilities and exercise their fundamental human rights,” the statement said.
It added, “The request followed the notice issued to broadcasters by the NBC on 17 April 2026, alleging a rise in breaches of the 6th Edition of the Nigeria Broadcasting Code in ‘news, current affairs, and political programming’, and threatening that it would ‘enforce strict compliance and impose sanctions for Class B breaches.’
“The NBC’s notice represents a dangerous attempt to impose prior censorship on the media and suppress legitimate journalistic expression.”
SERAP emphasised that journalistic opinion is a protected form of expression, adding that the Nigerian Constitution and international human rights law protect broadcasters and presenters.
“The Nigerian Constitution and international human rights law protect both the absolute right to hold opinions and the qualified right to express ideas of all kinds. Journalistic opinion is a protected expression,” the statement concluded.
General
We Did Not Ban Airtime, Data Borrowing Services—FCCPC
By Aduragbemi Omiyale
The Federal Competition and Consumer Protection Commission (FCCPC) has denied asking telecommunications companies to offer airtime and data lending services to their customers.
In a statement, the FCCPC explained that it only required the telcos to put in place a fairer and more transparent system for such offerings.
According to the agency, the telcos were only mandated to have proper registration, provide responsible lending conduct, clear disclosure of fees and terms, accessible consumer complaint channels, data protection safeguards, stronger accountability for third-party partners, and effective regulatory oversight.
It was stated that these requirements were mandated after “a deluge of consumer complaints bordering on opaque charges, unexplained deductions, aggressive recovery practices, poor disclosure standards, and inadequate accountability in segments of the digital lending and advance-services market.”
“The commission has not prohibited airtime borrowing or data advance services, and no directive was issued preventing consumers from accessing lawful telecom value-added services,” it clarified.
It stressed that the DEON Consumer Lending Regulations were introduced in July 2025 to, among other reasons, “curb the excesses of abusive service providers whose practices had generated persistent consumer harm and undermined confidence in the market.”
“In the telecom sector, our findings indicated that some operators engaged in exclusionary third-party technical arrangements in clear disobedience to the provisions of the Federal Competition and Consumer Protection Act, 2018. The Regulations sought to unlock the market to allow local participants alongside foreign partners, in line with free market principles.
“These measures benefit Nigerians by reducing abusive practices, improving transparency, strengthening consumer choice, and encouraging responsible innovation by legitimate operators,” the statement noted.
“We are aware that some vested interests and their foreign collaborators are opposed to the creation of safe markets and fair competition, therefore resorting to a campaign of disinformation.
“Operators are expected to structure their commercial relationships in a manner consistent with Nigerian law. Commercial arrangements or outsourcing decisions do not displace competition and consumer protection obligations.
“At the commencement of the framework in July 2025, affected operators were granted an initial 90-day compliance period to regularise their products, structures, and operations.
“That opportunity was not utilised within the prescribed timeframe, specifically in the telecom sector. The compliance window was subsequently extended until January 5, 2026, providing additional time for alignment with applicable requirements. Despite that further extension, the necessary compliance steps were still not completed by the relevant operators.
“Notwithstanding clear regulatory requirements, some operators chose to maintain the status quo by failing to register and regularise their services. In doing so, they continued operating monopolistic models that had long generated consumer complaints, including concerns relating to transparency, deductions, charges, and accountability.
“Any temporary suspension, restriction, or operational change introduced by service providers should therefore be understood as a business or compliance decision by those operators, not a ban imposed by the FCCPC.
“It is inaccurate to attribute avoidable disruption to regulation where regulated entities had adequate notice and sufficient opportunity to comply.
“Attempts to misrepresent temporary service inconvenience as the result of lawful consumer regulation are mischievous. Nigerians deserve accurate information, not sensational claims,” the FCCPC said, urging consumers and members of the public to disregard “false and misleading narratives on this issue.”
MTN Nigeria and Airtel Nigeria announced the suspension of their data and airtime borrowing services because of regulatory requirements.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
