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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PRES. TINUBU APPOINTS NEW CHIEF EXECUTIVE OFFICER/EXECUTIVE VICE-CHAIRMAN OF THE FEDERAL COMPETITION AND CONSUMER PROTECTION COMMISSION ..(PHOTO). #PRESS RELEASE.

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STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU APPOINTS NEW CHIEF EXECUTIVE OFFICER/EXECUTIVE VICE-CHAIRMAN OF THE FEDERAL COMPETITION AND CONSUMER PROTECTION COMMISSION 



President Bola Tinubu has approved the appointment of Mr. Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate.


Mr. Bello is a lawyer, administrator, and renowned journalist.


He is the former secretary to the Lagos State Government and holds a Master’s degree in International Law and Diplomacy from the University of Lagos. He studied Law at the same university and was called to the Nigerian Bar in 2002.


Mr. Bello began his career in journalism at the Concord Newspapers in 1985 and held the positions of Group Political Editor; Sunday Concord Editor, and Editor, National Concord. 


He is a winner of the US Alfred Friendly Press Fellowship and was appointed the Chairman, Editorial Board of THISDAY Newspapers in 2001.


He also served as Commissioner for Environment under various administrations in Lagos State.


The President expects that the new Chief Executive Officer of this important agency will ensure the holistic realization of the Commission's mandate of protecting and promoting the interest and welfare of Nigerian consumers, and ensuring the adoption of measures to guarantee the safety and quality of goods and services.


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


June 24, 2024

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