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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FRC BEGINS VERIFICATION OF N2. 9TRN CAPITAL PROJECTS. (PHOTO).

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 FRC begins verification ofN2.9trn capital projects


The Fiscal Responsibility Commission (FRC) is set to begin physical verification of selected Federal Government capital projects valued at N2.9 trillion across the six geo-political zones of the country.

According to a NAN report, the Executive Chairman of the commission, Victor Muruako, made this known in a statement by Bede Anyanwu, Head, Strategic Communication Directorate in Abuja on Saturday.

Muruako enjoined the officials who would be going for the exercise to carry out the assignments with great diligence and a sense of purpose as the exercise is one of the core mandates of the commission.

“Ensure that you verify the actual existence of the projects as well as monitor the progress of the work done so far.

“The verification exercise is further designed to give a fillip to President Bola Tinubu’s renewed hope agenda in the area of prudence, value-for-money and transparency.

“The effort is to meet the yearnings of the people,” he said.

The chairman said that the verification must also be done within the ambit of the Medium Term Expenditure Framework (MTEF).

According to him, the reason for this verification exercise is to ensure that the government embarks on projects that it can fund.

He said that the verification exercise is also to determine projects that need funding in line with the completion targets. “With the MTEF cases of abandoned projects will cease to exist.

“The aim is to reduce approvals for new capital projects for Ministries, Departments and Agencies (MDAs), where the existing indebtedness to contractors is in billions of Naira, to the barest minimum,” he said.

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