MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and
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FLEEING BINANCE EXECUTIVE, ANJARWALLA FOUND AS NIGERIAN GOVT COMMENCES EXTRADITION. (PHOTO).

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 Fleeing Binance Executive, Anjarwalla found as Nigerian govt commences extradition


Nigerian government says Binance executive, Nadeem Anjarwalla, who escaped custody in Nigeria, has been found in Kenya.


A source in the presidency, who preferred anonymity, confirmed the development as the Economic and Financial Crimes Commission, the International Criminal Police, the Nigeria Police Force, and the Kenyan Police Service have deepened talks to quicken Anjarwalla’s extradition.


“We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria”, the source said.


The EFCC chairman, Ola Olukuyede, last month, in a statement, stressed that the commission is collaborating with INTERPOL, the US, UK, Northern Ireland and Kenyan authorities to extradite Anjarwalla, who has been on the run.


The commission had instituted five-count charges bordering on tax evasion, currency speculation and money laundering against Binance Holdings Limited, Tigran Gambaryan and Anjarwalla, the firm’s executives.


EFCC arraigned Binance and the two executives on Thursday, April 4, 2024.


Recall that Anjarwalla escaped from custody on March 22 and has been at large since then.


Meanwhile, the government confirmed that EFCC had fully taken over the case of Binance from the Office of the National Security Adviser, ONSA.


For months, the Nigerian government sustained its crackdown on Binance over its role in manipulating the country’s Foreign exchange market.


During the 293rd meeting of the Monetary Policy Committee, MPC, in February, the Central Bank of Nigeria Governor, Olayemi Cardoso, had said that more than $26 billion had been funnelled through Binance without a trace.

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