THE VEST DID THE JOB - DONALD TRUMP CONFIRMS AGENT INJURED IN D.C. SHOOTING SCARE.(PHOTO).

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 The vest did the job - Donald Trump confirms agent injured in D.C. shooting scare Donald Trump has confirmed that a Secret Service agent was injured during a shooting scare at a major press event in Washington, D.C. Speaking after the incident, Trump said the officer was hit at close range but avoided serious harm thanks to protective gear.  “One officer was shot but saved by the fact that he was wearing a very good bulletproof vest,” he said, adding that the agent is now recovering and in good spirits. The situation unfolded during the White House Correspondents' Dinner, where attendees were settling in for the evening when gunfire was heard. Witnesses described a sudden shift from calm to panic, with people quickly moving for cover under tables as security responded. Video from the scene shows Secret Service personnel acting fast, escorting key figures away from the area, including Trump and other officials present at the event. According to his account, the suspect approac...
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CBN LIFTS BAN ON CRYPTOCURRENCY TRANSACTIONS. (PHOTO).

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 CBN lifts ban on cryptocurrency transactions

The Central Bank of Nigeria (CBN) has lifted the ban placed on cryptocurrency transactions in Nigeria in a move to regulate its operations.

The apex bank had in February 2021 restricted banks and other financial institutions from operating accounts for cryptocurrency service providers in view of the money laundering and terrorism financing (ML/TF) risks and vulnerabilities inherent in their operations as well as the absence of regulations and consumer protection measures.

This is contained in the apex bank’s circular dated December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003, and signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa.

The CBN said current trends globally had shown that there is a need to regulate the activities of virtual assets service providers (VASPs) which include cryptocurrencies and crypto assets.

The bank added that following this development, the Financial Action Task Force (FATF) in 2018 also updated its Recommendation 15 to require VASPS to be regulated to prevent misuse of virtual assets for ML/TF/PF.

“Furthermore, Section 30 of the Money Laundering (Prevention and Prohibition) Act, 2022 recognises VASPs as part of the definition of a financial institution,” it said.

The CBN stated that in addition, the Securities and Exchange Commission in May 2022 issued Rules on Issuance, Offering and Custody of Digital Assets and VASPs to provide a regulatory framework for their operations in Nigeria.

“In view of the foregoing, the CBN hereby issues this guideline to provide guidance to financial institutions under its regulatory purview in respect of their banking relationship with VASPs in Nigeria,” the bank said.

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