VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE. (PHOTO).

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 VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE A suspected vandal has been crushed to death under a collapsed vandalised  transmission tower along the 330kV Ughelli-Benin transmission line in Delta State. The incident was discovered during a line patrol carried out by the Delta Sub-Region, Lines Maintenance Department of the Transmission Company of Nigeria (TCN), following the tripping of the line on earth fault on the Ughelli - Benin 330kV Transmission line. A statement by the TCN indicates that the patrol team traced the fault to Tower 101, which had collapsed. The body of the suspected vandal was found crushed between the tower members. Tower 101 on the adjacent Ughelli - Sapele 330kV  transmission line had also been vandalized.
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DON'T TRADE IN CRYTO, OPAY, PALMPAY, OTHERS WARN CUSTOMERS. (PHOTO).

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 Don’t trade in crypto, Opay, PalmPay, others warn customers


Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities.

At least four fintechs—Opay, Moniepoint, PalmPay, and Paga—have communicated this development to their customers on Friday.

Last week, the Central Bank of Nigeria stopped major fintech firms like Kuda, Opay, PalmPay and Moniepoint from onboarding new customers.

The CBN’s move was linked to an ongoing audit of the Know-Your-Customer process of the fintechs, which have been under scrutiny in recent months over concerns around money laundering and terrorism financing.

Before the CBN’s directive, the Economic and Financial Crimes Commission had obtained a court order to freeze at least 1,146 bank accounts owned by various individuals and companies allegedly involved in illegal foreign exchange transactions.

In a notice issued on Friday, OPay said it would take strict measures against customers who violate its policy, which aligns with the Central Bank of Nigeria’s stance on cryptocurrency trading.

“In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information will be shared with regulatory authorities.

“Please ensure that your account does not involve any cryptocurrency or any other virtual currency transaction,” the fintech firm warned.

In a similar move, Paga, a fintech firm that has processed transactions worth $32bn in 15 years of operation, said in an email to its customers,  “As a Paga account holder, please ensure that your account is not used for crypto and virtual currency transactions. Paga accounts in violation of this regulation will be blocked.”

PalmPay, another major player in an emailed statement said, “We strongly advise against using your PalmPay account for transactions involving cryptocurrencies or any other virtual assets. Please be advised that failure to comply with these regulations may result in the suspension of your account.

On Thursday in Lagos, the founder and CEO of Moniepoint, Tosin Eniolorunda, called on cryptocurrency peer-to-peer (P2P) participants to halt their activities, citing the financial sector’s prohibition on such transactions.

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