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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FUEL SUBSIDY: SERAP SUES GOVS, WIKE OVER ‘FAILURE TO ACCOUNT FOR ₦14TRN SAVINGS’.(PHOTO).

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 Fuel Subsidy: SERAP sues Govs, Wike over ‘failure to account for ₦14trn savings’


The Socio-Economic Rights and Accountability Project (SERAP) sued 36 state governors and the Minister of the Federal Capital Territory, Abuja, Nyesom Wike, “over their failure to account for the spending of the ₦14trn fuel subsidy savings they collected from Federation Account Allocation Committee (FAAC) allocations, including details of projects executed with the money, and the completion reports on the projects.”


Disclosing this in a statement on Sunday, SERAP said the suit followed reports that the 36 governors and the FCT minister have collected trillions of naira from FAAC allocations as fuel subsidy savings since mid-2023. It argued that the increased allocations have not translated into improved access to quality healthcare and education for poor and vulnerable Nigerians.


The suit with number FHC/L/MSC/1424/2025 was filed last Friday at the Federal High Court, Lagos. The group wants the court to “direct and compel the governors and Mr Wike to disclose the details of the spending of the increased FAAC allocations being savings from the removal of fuel subsidy in May 2023.” It also asked the court to “compel the governors and Mr Wike to disclose details and the location of the projects executed, if any, with the increased FAAC allocations from the savings from the removal of fuel subsidy.”


“Nigerians ought to know in what manner public funds, including fuel subsidy savings, are spent by the governors and FCT minister.

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