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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PRESIDENT TINUBU APPOINTS NEW FGN POWER COMPANY MANAGEMENT TEAM. (PHOTO). #PRESS RELEASE

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS NEW FGN POWER COMPANY MANAGEMENT TEAM



In recognition of the critical role of power supply in driving enterprise and industrial development, and as a part of comprehensive efforts to reform the power sector and ensure energy security for all Nigerians, President Bola Tinubu has approved the appointment of new members of the management team of the FGN Power Company Limited. 


(1) Managing Director/Chief Executive Officer (CEO) - Kenny Osebi Anuwe (reappointed)


(2) Company Secretary/Legal Advisor - Prof Mamman Lawal (reappointed)


(3) Chief Technical Officer (CTO) - Ebenezer Olawale Fapohunda


(4) Chief Commercial Officer (CCO) - Babatunde Daramola Oniru


(5) Chief Financial Officer (CFO) - Julius Oyekola Olabiyi


The President anticipates that with the full constitution of the management team, the FGN Power Company Limited will work assiduously to realize the core objectives of the Presidential Power Initiative (PPI) in close collaboration with Siemens Energy through a holistic overhaul, modernization, and expansion of the national grid and other critical measures to ensure the growth of the Nigeria Electricity Supply Industry (NESI).


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


March 1, 2024

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