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 JAILS THREE BDC OPERATORS THREE YEARS IN KANO. (PHOTOS). #PRESS RELEASE

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 Court Jails Three BDC Operators Three Years in Kano


Justice Mohammed Nasir Yunusa of the Federal High Court, Kano on Wednesday, February 28, 2024, convicted and sentenced three illegal bureau de change operators to three years imprisonment for operating without a requisite licence.  


The convicts: Umar Ibrahim Muhammad, Abubakar Yakubu Garba and Muhammad Tijjani were jailed after pleading guilty to one-count   separate charges of illegal dealing in foreign currency without an appropriate licence.


The lone-count charge reads: “That you Ibrahim Muhammad, sometime in February 2024 in Kano within the jurisdiction of this honourable court did engage in a financial operation of bureau de change without a valid licence and you thereby committed an offence contrary to Section 57 (5) of the Banks and Other Financial Institutions Act 2020 and punishable under Section 57 (5) (B) of the same Act.”


They all pleaded “guilty” to the charge read to them in English and interpreted in Hausa, upon which prosecution counsel, Aisha Tahar Habib prayed the court to convict and sentence them accordingly, while the defence counsel pleaded for mercy and leniency.


 Justice Yunusa thereafter convicted and sentenced Muhammad, Garba and Tijani to one year imprisonment each with an option of fine of N100,000(One Hundred Thousand Naira) each.


Their road to jail began when they were arrested by operatives of the Kano Command of the EFCC for operating a BDC without an appropriate licence.


More photos below. 



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