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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FERANMI OLAOYE TAKES OVER FROM SEUN OLOKETUYI AS BON AWARDS PRODUCER. (PHOTO).

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 Feranmi Olaoye takes over from Seun Oloketuyi as BON Awards producer


Popular film producer, Seun Oloketuyi has bowed out as the Chief Executive Officer of Best of Nollywood (BON) after 15 years in charge.

The longest running Nigerian movie award in a statement also named Feranmi Olaoye as the acting executive producer of the awards. 

The statement also disclosed that the organisers of the BON Awards have partnered with Group 8 Ltd, the media firm, for the next five editions of its awards.

Group 8 LTD is a media-tech organisation “renowned for its diverse mass and new media assets, including Soundcity, Trybe TV, OnTV, and Spice TV”.

BON said the collaboration will “elevate innovation in media and communications” for its events.

“Simultaneously, Seun Oloketuyi, the Founder and Chief Executive Officer of Best of Nollywood (BON) Awards, is stepping down from the leadership position,” the statement reads in part.

“In his place, Feranmi Olaoye has been appointed as the Acting Executive Producer of the Awards, effective immediately. Olaoye will be supported by a soon-to-be-announced nine-member Advisory Board, which will also have Oloketuyi as a member.

“The collaboration with Group 8 LTD aims to ensure the seamless and enhanced delivery of Nigeria’s longest-running award production.”

The BON Awards ceremony was first held in December 2009, in Ikeja, Lagos.

It has since continued to be a creative strata for the Nigerian movie industry.

The award ceremony has been hosted in different states including Ogun, Oyo, Kogi, Kano, Ekiti, Delta, Abia and most recently in Osun.

As the founder and Chief Executive Officer of Best of Nollywood Awards, Oloketuyi has not only created a platform that celebrates hardwork and consistency in the Nigerian film industry, he established a social event which connects people.

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