UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).
U.S Finalizes $20,000 Visa Bond Policy Affecting Nigeria and 49 Other Nations The United States government has officially formalized its visa bond policy, making it a permanent measure that could require travelers from 50 designated countries, including Nigeria, to pay a refundable bond of up to $20,000 before receiving certain visas. First introduced as a pilot scheme in 2025, the policy targets applicants seeking B1 and B2 visas, which are designated for business and tourism. According to the U.S. Department of State, the initiative is designed to bolster compliance with local immigration laws and drastically reduce visa overstay rates. How the Visa Bond Policy Works Under the permanent guidelines, U.S. consular officers have the discretion to instruct eligible applicants to post a bond as a prerequisite for visa issuance. However, U.S. authorities have clarified that the financial requirement will not be applied automatically to every traveler from the listed nations. Data anal...
The Economic and Financial Crimes Commission today tuesday October 25,2016,arraigned one Olurotimi David and his company Davchel Nigeria Limited before Hon. Justice E. Esan of the Oyo State High Court sitting in Ibadan,on a 2-count charge bordering on obtaining money by false pretence and issuance of dishonoured cheque.David pleaded not guilty to the charges preferred against him.David allegedly obtained the sum of 6,971,020.00 {Six Million,Nine Hundred and Seventy One Thousand Naira} from one Ishola Gbenga,Generl Manager of Ennydaras Company Limited through a phony contract to supply 155 metric tonnes of soya bean to his warehouse at Ota,Idi-Iroko Road Ota,Ogun State.He thereafter signed a memorandum of understanding to pay the said sum with a cheque which he issued but was returned unpaid upon presentation for payment in the bank.
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