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Reps To Probe Implications Of Cryptocurrency, Other Digital Asset Transactions

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By Gloria Ikibah
The House of Representatives as resolved to investigate the current status of Cryptocurrency, blockchain, digital asset transactions in Nigeria to identify threats to National Security and gaps in legislative framework and regulations to the detriment of the country.
Others to be investigated are all the online peer-to-peer (P2P) marketplace, utility sharing.
These resolution was sequel to a motion by Rep. Isiaka Ibrahim on “International money transfer operators, payment gateways and platforms, cloud computing, infrastructure (networks).
The House also resolved to investigate the current status of the e-Naira on the global cryptocurrency platform, the cost incurred, processes undertaken, and statutory compliance in creating the digital currency.
The House further resolved to engage all relevant stakeholders to initiate necessary processes for establishing required legislation and regulations, while establishing the profile of operators in the sector such as legal status, parent company, and assess their compliance with our existing statutes or complicity in infractions against Nigeria including money laundering, illicit transactions, currency speculation and bad practices.
The House also resolved to superintend the engagement of the office of the NationalSecurityAdviser(NSA), other relevant agencies, cryptocurrency exchanges, and stakeholders in tracking, Identifying, and recovering illicit and laundered funds or assets.
The House is to ensure that equity, probity, transparency, the rule of law, and international best practices are observed by the government in investigating cryptocurrency exchanges and others.
Leadingthedebate, Rep Isiaka highlighted the growing global concerns about the national security implications of cryptocurrency transactions through cryptocurrency exchanges including consumer and investor security as these exchanges are said to enable money laundering by criminals and terrorists for their illicit activities.
The lawmaker further stated that as part of its sweeping market friendly reforms designed to attract substantial foreign direct investment into the countries struggling economy, this administration reversed the ban on cryptocurrency transactions in Nigeria imposed by the previous administration.
He further explained that the current actions by the government should not be perceived by the global community and international investors as a policy somersault so early in the life of the administration and the existence of a hostile business environment.
The motion reads: “Cognisance of the concerns expressed by the CBN with regards to the likelihood of illicit transactions and money laundering on the cryptocurrency exchanges and their seeming use as an alternative platform for determining local foreign exchange rates.
“The US Treasury 2022 National Money Laundering Risk Assessment indicates that fiat and traditional financial activities contribute substantially higher (over 200%) than digital assets transactions to global money laundering activities.
“The conflict with the government about whether or not the crypto exchanges are determining the local foreign exchange rate and usurping the functions of the national bank does not appear to arise in other developed climes where appropriate statutes and regulations have been enacted and enforced to superintend crypto and other digital asset transactions”.
Rep Isiaka opined that the government should not be seen to be trying to “throw away the baby with the bath water” without considering the benefits of digital asset transactions to the country.
The House adopted the motion and mandated its Committee on National security and Intelligence to investigate and report back to the House for further legislative action.
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JUST IN 2025 Ramadan: Sultan Makes New Announcement For Muslims

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By Kayode Sanni-Arewa

The Sultanate Council Advisory Committee on Religious Affairs, in collaboration with the National Moon Sighting Committee, has confirmed that there were no verified sightings of the crescent moon marking the beginning of Sha’aban 1446AH.

This announcement holds significant importance for Muslims in Nigeria, as Sha’aban is the last month before Ramadan, the holiest month in Islam.

Official Declaration of Sha’aban 1446AH
In a formal statement, Sambo Wali Junaidu, the Wazirin Sokoto and Chairman of the Advisory Committee on Religious Affairs, Sultanate Council, Sokoto, disclosed that no credible reports of moon sightings were received from moon sighting committees across the country.

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As a result, Thursday, January 30, 2025, will be observed as the 30th day of Rajab 1446AH, while Friday, January 31, 2025, has been officially declared as the first day of Sha’aban 1446AH.

Sultan of Sokoto Endorses the Decision
The declaration was formally endorsed by His Eminence, Alhaji Muhammad Sa’ad Abubakar, the Sultan of Sokoto and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA).

“The confirmation of Sha’aban’s commencement is crucial, as it ensures consistency in the Islamic calendar and helps guide religious observances for Muslims across the country,” the statement emphasized.

Call for Spiritual Preparation for Ramadan
In light of this development, the Sultanate Council has advised Nigerian Muslims to adhere to official moon sighting announcements and begin spiritual preparations for Ramadan.

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Sha’aban is considered a sacred month in Islam, often dedicated to increased prayers, fasting, and self-reflection in anticipation of Ramadan, which is set to begin in the coming weeks.

The Council reiterated the importance of unity and adherence to Islamic traditions, urging Muslims to take advantage of Sha’aban for spiritual purification and devotion.

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JAMB Suspends Law Programs in Eight Universities, Including KWASU and Redeemers.

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By Kayode Sanni-Arewa

The Joint Admissions and Matriculation Board (JAMB) has announced that it will no longer conduct admissions for the Law program in eight universities. This decision was made following the suspension of the Bachelor of Laws program by the Council of Legal Education for the 2025/2026 academic session at the affected universities.

The affected institutions are:

– *Kwara State University*, Malete, Ilorin, Kwara State

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– *Bingham University*, Karu, Nasarawa State

– *Redeemers University*, Ede, Osun State

– *Western Delta University*, Oghara, Delta State

– *Taraba State University*, Jalingo, Taraba State

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– *Arthur Jarvis University*, Akpabuyo, Cross River State

– *Alex Ekwueme Federal University*, Ndufu-Alike, Ebonyi State

– *Nigerian Police Academy*, Wudil, Kano State

According to JAMB spokesman, Fabian Benjamin, the suspension of the Law programme at the Nigerian Police Academy will last for two academic sessions, specifically the 2025/2026 and 2026/2027 sessions.

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“As a result, JAMB will not approve any admissions for candidates seeking to enroll in the Law program at the aforementioned universities for the 2025/2026 academic session. Furthermore, the ban on registration for the Law program at the Nigerian Police Academy will extend into the 2026/2027 academic session,” the statement concluded.

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Ex-President Jacob Zuma’s daughter arrested over South Africa riots

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By Kayode Sanni-Arewa

The daughter of former South African President Jacob Zuma, Duduzile Zuma-Sambudla, has been arrested over her alleged involvement in the 2021 riots that left over 300 people dead, police say.

Violence, chaos, and fear ripped through the port city of Durban, then spread to Gauteng, after Zuma’s jailing sparked intense protests over four years ago.

Zuma-Sambudla, a controversial figure in her own right, was accused of sharing incendiary social media posts that fuelled the civil unrest.

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The arrest comes as a “result of a meticulous investigation” said spokesperson for the Hawks elite police unit, Brig Thandi Mbambo.

Zuma-Sambudla handed herself in to Durban Central police station on Thursday morning to face charges under the Protection of Constitutional Democracy against Terrorist and Related Activities Act and incitement to commit violence, police said.

Her father’s party uMkhonto WeSizwe (MK), of which she is a senior member, confirmed her court appearance and urged supporters to “mobilize all ground forces to attend in numbers.”

While she has not commented directly on the charges, Zuma-Sambudla shared a cryptic note on X that simply said: “We see you.”

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MK party spokesperson Nhlamule Ndhela told local broadcaster ENCA she had long been preparing for this moment

“She conditioned herself, because there have been many threats about her imminent arrest for the past three or four years,” he said.

He added that she will abide by the law as “a law-abiding citizen”.

This is not the first time her name has been brought up in connection to the 2021 riots, which are considered one of the bloodiest episodes in post-apartheid South Africa.

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Zuma resigned as president in 2018 after nine years in office, plagued by corruption allegations, which he claimed were part of a political conspiracy.

Three years later, he was sentenced to 15 months in prison for contempt of court after refusing to testify before a panel investigating corruption under his presidency.

Protests erupted after he surrendered to serve his sentence.

During the unrest, Zuma-Sambudla was outspoken on X, frequently sharing images of the destruction and chaos, accompanied by the caption: “KZN, we see you.”

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She used this phrase often throughout the violence. In a now deleted post, she shared a video of someone firing an automatic rifle at a poster of President Cyril Ramaphosa.

In 2022, Brig Mbambo , told local media they were not directly investigating her, but she had been named in statements from sources.

In response to this, Zuma-Sambudla said on X, “I have no fear! I will not be intimidated! I have beaten the dogs, now the masters are coming out! We see you!”

At the same time, the Jacob Zuma Foundation, said in a statement the former president’s children were being targeted.

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Last year, the South African Human Rights Commission (SAHRC) released a report that said the riots were a “carefully orchestrated event”.

But it said it could find no direct link to Zuma’s arrest.

In 2023, a former security guard was sentenced to 12 years in prison for his role in the deadly riots.

He was the first person to be prosecuted for the riots.

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President Cyril Ramaphosa, who succeeded Jacob Zuma in 2018, described the violence as an “attempted insurrection”.

More than 200 shopping malls were looted and more than 150,000 jobs were estimated to have been lost during the unrest, which lasted for several days.

Last year, Zuma’s MK ran against his former party, the ANC, in elections, gaining 15% of the vote to become the country’s third largest party

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