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...

PRESIDENT TINUBU APPOINTS NEW BOARD OF THE BANK OF INDUSTRY. (PHOTO). #PRESS RELEASE


 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU APPOINTS NEW BOARD OF THE BANK OF INDUSTRY 


President Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Bank of Industry Limited: 


(1) Dr. Mansur Muhtar, OFR, -- Chairman 


(2) Dr. Olasupo Olusi -- Managing Director/Chief Executive Officer 


(3) Mrs. Ifeoma Uz'Okpala -- Executive Director, Large Enterprises 


(4) Mr. Shekarau Omar -- Executive Director, Micro, Small & Medium Enterprises 


(5) Mr. Usen Effiong -- Executive Director, Corporate Services 


(6) Ms. Mabel Ndagi -- Executive Director, Public Sector & Intervention Programmes


(7) Mr. Rotimi Akinde -- Executive Director, Corporate Finance & Risk Management


(8) Mallam Tajudeen Datti Ahmed -- Non-Executive Director, representing the Ministry of Finance Incorporated 


(9) Mr. Adedamola Olufemi Young -- Non-Executive Director, representing Central Bank of Nigeria 


(10) Reverend Isaac Adefemi Agoye -- Non-Executive, representing Manufacturers Association of Nigeria 


(11) Mallam Muhammad Bala -- Non-Executive, representing Federal Ministry of Industry, Trade & Investment 


(12) Mr. Oreoluwa Adeyemi -- Independent Non-Executive Director 


(13) Mr. Sulaiman Musa Kadira -- Independent Non-Executive Director 


Dr. Muhtar's career spans decades in finance, international development, public service, and academia.


He served as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank, before his recent appointment.


The President expects the new board of the Bank of Industry to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.


Chief Ajuri Ngelale


Special Adviser to the President 


(Media & Publicity)


September 2, 2024

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