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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GOV. SANWO-OLU MOURNS HERBERT WIGWE. (PHOTO). #PRESS RELEASE

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 SANWO-OLU MOURNS HERBERT WIGWE



Herbert, my brother, my friend and my adviser. 


Herbert, the king of visionary and disruptive ideas.


I'm deeply saddened by the tragic loss of my dear brother and friend, Dr. Herbert Wigwe, his dear wife Doreen, and their beloved son Chizi in a helicopter crash. 


Herbert was not just a brother and visionary leader but one of the brightest minds in Africa. His impact on our nation and beyond will be remembered forever. My heart mourns.


Herbert’s contributions to Banking and the financial sector in Africa were unparalleled. He was an unapologetic believer in the Nigerian solution. His dedication and passion for progress inspired us all. Today, we mourn not just a leader but a true friend and brother. Lagos and Nigeria have lost a remarkable soul. Rest in peace, my brother.


We also lost another great business leader and legal luminary, my egbon Abimbola Ogunbanjo, former Group Chairman of Nigerian Exchange Group Plc, who contributed significantly to the development of the Capital Markets and Corporate law in Nigeria. May his soul rest in peace. 


In this difficult time, our thoughts are with the families of all the victims, and we pray for strength and grace.


Babajide Sanwo-Olu


Lagos State Governor


11th February 2024


Dr. Obafemi Hamzat 

Babajide Sanwo-Olu 

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