NIGERIAN MAKES U.S MOST WANTED LIST OVER $1M FRAUD. (PHOTO).

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 Nigerian makes US Most Wanted List over $1m fraud A Nigerian, Onoriode Ezewu, has been named on the United States Department of Labour’s first-ever Most Wanted List over allegations of money laundering involving fraudulent unemployment benefit claims worth more than $1m. The department’s Office of Inspector General unveiled the list on its website on Wednesday, naming 16 fugitives wanted in cases involving alleged fraud, identity theft, money laundering, labour trafficking and other offences. According to the agency, the cases collectively involve more than $55m allegedly stolen from American taxpayers. Ezewu’s profile on the department’s website identifies him as wanted for concealment money laundering and states that he is believed to be residing in Nigeria. “In January 2021, Ezewu was charged with 15 counts of concealment money laundering tied to fraudulent UI and Pandemic Unemployment Assistance claims filed using stolen identities, in a scheme exceeding $1 million that also t...
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FEDERAL RESERVE GOVERNOR MIRAN RESIGNS FROM WHITE HOUSE POSITION. (PHOTO).

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 Federal Reserve governor Miran resigns from White House position

 Federal Reserve governor Stephen Miran has resigned as chair of the White House’s Council of Economic Advisers, ending a rare arrangement in which he simultaneously held posts at both the Fed and the White House. The resignation was confirmed Tuesday by White House spokesman Kush Desai.

Miran was appointed to the Fed’s seven-member board of governors by President Donald Trump in September, filling the remainder of Adriana Kugler’s term, which ended Jan. 31. While he steps down from the CEA, he can continue serving on the Fed board until a Senate-confirmed replacement is named. Holding a White House role while serving as a Fed governor is highly unusual; past administrations generally required officials to leave their White House positions before joining the central bank. Miran had taken an unpaid leave from the CEA when he joined the Fed and had pledged to resign from the council if he remained on the board past Jan. 31.

Fed governors play key roles in setting interest rates and overseeing bank regulations. Desai emphasized that Miran’s resignation fulfills the pledge he made to the Senate during his confirmation. The move comes amid broader Fed leadership shifts, including Trump’s nomination of former Fed official Kevin Warsh to replace chair Jerome Powell when his term ends May 15. Due to the Fed’s structure, Powell could remain on the board after his term as chair, potentially delaying Trump’s ability to install a new member. Many analysts expect Warsh to succeed Miran’s seat first and then assume the chairmanship, though the timeline has not yet been finalized.


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