UPDATE: U.S FINALIZES $20,000 VISA BOND POLICY AFFECTING NIGERIA AND 49 OTHER NATIONS. (PHOTO).

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 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...
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COURT ORDERS INTERIM FORFEITURE OF 14 PROPERTIES LINKED TO KOGI STATE GOVT, N400M.(PHOTO).#PRESS RELEASE.

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Court Orders Interim Forfeiture of 14 Properties Linked To Kogi State Govt, N400m

Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, February 22, 2023, granted an interim forfeiture of 14 properties in Lagos, Abuja and the United Arab Emirates linked to the Kogi State Government.

The Judge also ordered the preservation of the sum of N400,000,000.00 (Four Hundred Million Naira) recovered from one Aminu Falala, which “is reasonably suspected to have been derived from unlawful activity and intended to be used for the acquisition of Plot No. 1224 Bishop Oluwole Street, Victoria Island Lagos.”

Justice Oweibo granted the order, following an ex parte application filed by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC.

The application was supported by an affidavit deposed to by Adekunbi Mojibola, an investigating officer with the EFCC.

Moving the application today, counsel to the EFCC, Rotimi Oyedepo, SAN, stated that the properties, including “Hotel Apartment Community, Burj Khalifa lying, being and situate at, Plot 160 Municipality NO 345-7562, Sky View Building No 1, Property No 401, Floor 4, Dubai U.A.E.”,  were reasonably suspected to have been derived from unlawful activity.

In his ruling on the application, Justice Oweibo granted the application, as prayed and directed the Commission to publish the interim order within 14 days for any interested party to show cause why the forfeiture order should not be made in favour of the Federal Government of Nigeria.

The case was adjourned till March 28, 2023.


 

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