KWARA GOVT DONATES 150 OFF-ROAD MOTORCYCLES TO NIGERIAN ARMY. (PHOTO). #PRESS RELEASE

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 Kwara Govt donates 150 off-road motorcycles to Nigerian Army •LGAs acquire 320 motorcycles to boost vigilantes' security operations  In a bid to further strengthen security operations and maintain peace across Kwara State, His Excellency Governor AbdulRahman AbdulRazaq-led Kwara State Government has donated 150 off-road motorcycles to the Nigerian Army. The motorcycles are expected to enhance troops' mobility and effectiveness, particularly in rugged terrains such as forests, where non-state actors may be hiding with intent to destabilise the peaceful atmosphere of the state. This strategic intervention follows recent reports of the disturbances of non-state actors in parts of Kwara South and Kwara North.  In response, on Monday, April 21, 2025, Governor AbdulRazaq led a high-powered joint security delegation on an operational assessment tour to the Kaiama Local Government Area in Kwara North. Within 24 hours of the tour, the Governor also held a strategic meeting with t...
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NAIRA CRISIS: FG MAY DEMAND $10BN COMPENSATION FROM BINANCE. (PHOTO).

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 Naira crisis: FG may demand $10bn compensation from Binance


The Federal Government may demand over $10bn from Binance as a penalty amid moves to salvage the value of the naira.


Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed this in a Friday morning interview with the BBC.


Onanuga alleged that Binance profited substantially from its “illegal transactions” in Nigeria while the nation suffered heavy losses.


He also argued that the company is neither registered in Nigeria nor has any presence in the country, adding that some users leveraged the platform to arbitrarily determine dollar-naira rates which saw a sharp decline in the value of the naira.


Giving further clarification to our correspondent on the matter, Onanuga stated, “I said compensation is being discussed and a fine is being contemplated. I used the word ‘May’. “


The Presidential Spokesperson affirmed that the cryptocurrency exchange platform is cooperating with the Nigerian government by providing useful information, and has since suspended naira-denominated transactions.


The Office of the National Security Adviser confirmed that the crypto exchange platform is under investigation by Nigerian authorities.


The development comes months after Binance pleaded guilty, agreeing to pay $4.3bn to settle criminal money laundering charges levied by the U.S. Department of Justice.

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