TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD. (PHOTO). #PRESS RELEASE

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 TROOPS ARREST SUSPECTED KIDNAPPER, RECOVER AK-47 RIFLE ALONG BENIN–SAPELE ROAD Troops of 4 Brigade Nigerian Army, Operation WABAIZIGAN, have arrested a suspected kidnapper and recovered an AK-47 rifle and ammunition during a targeted operation along the Benin–Sapele Road in Ikpoba-Okha LGA of Edo State. The suspect, identified as Olamide Oyeniyi, was arrested on 12 September 2026 at Obaretin Community by troops conducting operations to disrupt criminal activities and safeguard major transportation routes within the area. Items recovered from the suspect include one AK-47 rifle, one magazine and eight rounds of 7.62mm Special ammunition. Other items recovered are one Tecno mobile phone, two bags, one torchlight, one music box and assorted charms. The suspect and recovered items are currently in troops’ custody for further investigation, while efforts are ongoing to establish his links to other criminal elements and determine his possible involvement in kidnapping and related activi...
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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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