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Tinubu Orders Crackdown on Crypto as CBN Projects $1B Diaspora Monthly Remittances

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President Bola Ahmed Tinubu has directed the Central Bank of Nigeria (CBN) and other regulatory agencies to intensify surveillance of cryptocurrency and digital payment transactions across the country.

According to Sahara Reporters, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday, Tinubu warned that the pace at which Nigerians are embracing stablecoins, cryptocurrencies, and non-bank digital payment systems has become a matter of concern for economic stability.

“There is a digital revolution. Many people now make payments without using the banking system. They’ve turned to stablecoins and digital currencies. To this end, I have directed capital market and banking authorities to get hold of this narrative and track it while it is still evolving,” Tinubu said.

The president, however, noted that digital tools, artificial intelligence, and open banking were no longer futuristic but unavoidable realities Nigeria must adopt to remain globally competitive.

FIRS

CBN Targets $1B Monthly Remittances

CBN Governor Olayemi Cardoso revealed that Nigeria’s diaspora remittances could rise to as much as $1 billion every month by 2026.

“When we began this journey, remittances were at $250 million a month. We targeted $500 million, and today we are at $600 million. By next year, our projection is $1 billion a month,” Cardoso stated.

Banking Sector Strengthens Capital Base

Also speaking at the conference, CIBN President, Prof. Pius Olanrewaju, disclosed that since 2024, 16 listed banks have raised over ₦2.5 trillion in fresh capital, boosting their balance sheets.

He added that net domestic credit to the private sector has now exceeded ₦82 trillion in 2025, supporting businesses and job creation.

Nigeria vs Binance: Ongoing Legal Battles

Tinubu’s directive comes amid Nigeria’s ongoing crackdown on cryptocurrency exchanges.

In February 2025, the Nigerian Government filed a lawsuit against Binance Holdings Limited, seeking $79.51 billion and ₦231 million in damages for alleged economic losses caused by its operations.

The Federal Inland Revenue Service (FIRS) also filed a separate charge, demanding $2.001 billion in unpaid income taxes for 2022 and 2023.

Binance and its executives, Tigran Gambaryan and Nadeem Anjarwalla, face multiple charges at the Federal High Court in Abuja, including tax evasion, money laundering, and foreign exchange violations.

The lawsuits include penalties for tax non-compliance, interest payments based on CBN’s lending rate, and other sanctions.

According to the FIRS, Binance allegedly concealed its economic activities despite having a significant presence in Nigeria.

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Full List: President Tinubu nominates 32 ambassadors

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STATEHOUSE PRESS RELEASE

President Tinubu nominates 32 additional ambassadors

President Bola Ahmed Tinubu has sent the names of 32 ambassadorial nominees to the Senate for confirmation, days after he sent the first batch of three names.

In two separate letters to the Senate President, Godswill Akpabio, President Tinubu asked the Senate to consider and confirm expeditiously 15 nominees as career ambassadors and 17 nominees as non-career ambassadors.

FIRS

There are four women on the career ambassadors’ list and six women on the non-career ambassadors’ list.

Among the non-career ambassador designates are Barrister Ogbonnaya Kalu from Abia, a former presidential aide, Reno Omokri (Delta), former chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu, former Ekiti first lady, Erelu Angela Adebayo, and former Enugu governor, Ifeanyi Ugwuanyi.

Others are Tasiu Musa Maigari, the former speaker of the Katsina House of Assembly, Yakubu N. Gambo, a former Commissioner in Plateau State and former deputy executive secretary of the Universal Basic Education Commission (UBEC).

Professor Nora Ladi Daduut, a former senator from Plateau; Otunba Femi Pedro, a former deputy governor of Lagos State; Chief Femi Fani-Kayode, a former aviation minister from Osun State; and Barrister Nkechi Linda Ufochukwu from Anambra State are on the nomination list.

Also on the list are former First Lady of Oyo, Fatima Florence Ajimobi, former Lagos Commissioner, Lola Akande, former Adamawa Senator, Grace Bent, former governor of Abia, Victor Okezie Ikpeazu, Senator Jimoh Ibrahim, businessman, lawyer and Senator from Ondo State, and the former ambassador of Nigeria to the Holy See, Ambassador Paul Oga Adikwu from Benue State.

Among the nominees for career ambassador and high commissioner-designates are: Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi(Taraba), Miamuna Ibrahim Besto(Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni(Bayelsa), Chima Geoffrey Lioma David(Ebonyi) and Mopelola Adeola-Ibrahim(Ogun).

The other nominees are Abimbola Samuel Reuben(Ondo), Yvonne Ehinosen Odumah(Edo), Hamza Mohammed Salau(Niger), Ambassador Shehu Barde(Katsina), Ambassador Ahmed Mohammed Monguno(Borno), Ambassador Muhammad Saidu Dahiru(Kaduna), Ambassador Olatunji Ahmed Sulu Gambari(Kawara) and Ambassador Wahab Adekola Akande(Osun).

The new nominees are expected to be posted to countries with which Nigeria maintains excellent and strategic bilateral relations, such as China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, Kenya, and to Permanent Missions such as the United Nations, UNESCO, and the African Union. All the nominees will know their diplomatic assignments after their confirmation by the Senate.

Last week, President Tinubu sent three ambassadorial nominees for screening and confirmation. The nominees were Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and Retired Colonel Lateef Kayode Are (Ogun). All three are in the pot for posting to the UK, USA, or France after their confirmation.

President Bola Ahmed Tinubu said more nominees for ambassadorial positions will be announced soon.

Bayo Onanuga

Special Adviser to the President,

Information and Strategy,

November 29, 2025

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World News

Trump Excludes South Africa from 2026 G20 Summit in Miami

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Trump Redesignates Nigeria as ‘Country of Particular Concern’ Over Alleged Christian Genocide
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U.S. President Donald Trump has moved to exclude South Africa from the 2026 G20 Summit scheduled to take place in Miami, marking an unprecedented break in the group’s tradition of inclusive participation.

The development follows Washington’s high-level boycott of South Africa’s 2025 G20 summit, which the U.S. skipped over concerns related to violence against white farmers—a situation Trump has repeatedly described as a “genocide.” Fact-checkers and human rights monitors have rejected this characterization, noting that while farm attacks remain a serious security issue, there is no evidence of a systematic campaign of extermination.

South Africa has strongly disputed Trump’s claims, including his account of how the G20 presidency was transferred. Officials in Pretoria say the U.S. delegation had already opted to stay away from the summit, with the eventual handover occurring through an embassy representative rather than formal high-level participation.

Although the G20 operates without strict rules that authorize the exclusion of member states, Trump’s decision raises new questions about the organization’s cohesion ahead of the U.S.-hosted conference. Germany has already urged Washington to ensure South Africa’s inclusion, warning that sidelining a member could undermine the group’s credibility.

The move could also affect U.S.–South Africa relations more broadly. Annual American assistance to Pretoria estimated between $100 million and $500 million may now face political scrutiny.

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Prominent Islamic Scholar Sheikh Dahiru Bauchi Dies at 102

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Prominent Islamic Scholar Sheikh Dahiru Bauchi Dies at 102
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Nigeria and the global Muslim community have been thrown into mourning following the death of Sheikh Dahiru Usman-Bauchi, one of the most respected Islamic scholars and leading authorities of the Tijjaniyya Sufi order. The revered cleric died in the early hours of Thursday at the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), Bauchi. He was aged 102.

Sheikh Dahiru Bauchi was widely celebrated across Africa for his deep scholarship, memorization and teaching of the Holy Qur’an, and his lifelong commitment to the propagation of Islamic knowledge. Until his passing, he remained one of the foremost leaders of the Tijjaniyya movement, drawing millions of followers across Nigeria, West Africa, and beyond.


Governor Bala Mohammed Leads Tributes

Bauchi State Governor, Bala Mohammed, announced the death through a statement issued by his Special Adviser on Media and Publicity, Mukhtar Gidado. He described the late Sheikh as a “towering figure in Islamic scholarship” whose life embodied humility, piety, and unwavering devotion to Allah.

“It is with deep sorrow and a profound sense of loss that the Bauchi State Government announces the death of renowned and revered Islamic scholar, teacher, and spiritual leader, Sheikh Dahiru Usman Bauchi,” the statement read.

The Governor added that Sheikh Dahiru’s legacy will endure for generations, noting that he devoted his entire life to the teaching of the Holy Qur’an, moral discipline, and the spiritual upliftment of humanity.

FIRS

A Global Scholar and Teacher of Thousands

Sheikh Dahiru Bauchi was renowned for establishing numerous Islamic schools and learning centres, which produced thousands of students who went on to memorize the Qur’an and teach Islamic knowledge across Africa. His work significantly shaped the intellectual and spiritual foundation of the Tijjaniyya order in Nigeria and beyond.

According to Governor Mohammed, the scholar’s impact on Islamic jurisprudence, theology, and history has left an indelible mark on Nigeria’s religious landscape.

A Life Dedicated to Service

Throughout his life, Sheikh Dahiru Usman-Bauchi traveled extensively, spreading Islamic teachings, delivering sermons, and mentoring young scholars. He was widely respected by Muslims across various sects for his moderation, wisdom, and peaceful approach to religious discourse.

Even in old age, the Sheikh continued to attract large audiences at religious gatherings, Ramadan tafsirs, and Qur’anic recitation programs.

Government’s Commitment to Preserving His Legacy

Governor Bala Mohammed stated that the Bauchi State Government will continue to honor the late scholar’s legacy by supporting the institutions he built and strengthening Islamic education, community development, and moral discipline across the state.

“As we mourn this monumental loss, we take solace in the fact that Sheikh Dahiru Usman Bauchi lived a life fully dedicated to the service of Allah, humanity, and knowledge,” the governor added.

He prayed that Allah forgives the Sheikh’s shortcomings and grants him Aljannatul Firdaus, while also asking for comfort for his family, followers, and the entire Muslim Ummah.

A Monumental Loss for the Muslim World

The death of Sheikh Dahiru Usman-Bauchi marks the end of an era for the Tijjaniyya movement and Islamic scholarship in Nigeria. His teachings, personality, and contributions to the growth of Islamic knowledge will remain a guiding light for generations.

As tributes continue to pour in from across the nation and beyond, the legacy of the great scholar stands firm — a life lived in total devotion to Allah and the service of humanity.

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Enugu State

VIDEO: 30-Year-Old Man Arrested in Enugu for Marrying 13-Year-Old Girl

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30-Year-Old Man Arrested in Enugu for Marrying 13-Year-Old Girl
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Enugu State Police have arrested a 30-year-old man, the parents of a 13-year-old girl, and others involved in an unlawful child marriage in Amufie, Enugu Ezike. Authorities reaffirm commitment to enforcing child protection laws.

Enugu State authorities have arrested a 30-year-old man and several others in connection with the illegal marriage of a 13-year-old girl in Amufie, Enugu Ezike, Igbo-Eze North Local Government Area.

The Enugu State Police Command, working alongside the Ministry of Gender Affairs, confirmed that all key actors involved in the unlawful marriage have been taken into custody. Those arrested include the underage girl, the man she was married to, her parents, and a woman identified as Ezenwanyi, who was allegedly instrumental in facilitating the marriage ceremony.

In a statement issued on Thursday, the Concerned Igbo-Eze North Youth (CINY) applauded the swift action of the Enugu State Government, the Ministry of Gender Affairs, and the Nigeria Police Force following widespread public outrage over the incident.

FIRS

“This arrest reaffirms the state’s commitment to upholding the rights of children and enforcing relevant laws against child abuse, child marriage, and the violation of minors,”
CINY said in its statement.

Authorities reiterated that Enugu State—like the rest of the South-East region—strictly prohibits child marriage, emphasizing ongoing efforts to curb abuses against minors and prosecute offenders.

The Ministry of Gender Affairs also assured the public that the case will be thoroughly investigated and that justice will be pursued in line with Nigerian child protection laws.

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World News

USA: Two National Guard Members Shot Near White House, Remain in Critical Condition

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The armed National Guardsmen were on patrols when the suspect came around the corner, raised his arm with a gun, and shot the National Guard members.
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Two West Virginia National Guard members were shot Wednesday just two blocks from the White House in what authorities are calling a targeted attack. The soldiers remain alive and in critical condition, FBI Director Kash Patel said.

West Virginia Gov. Patrick Morrisey initially announced the soldiers had died but later retracted the statement, saying his office was “receiving conflicting reports.” Local officials also confirmed the troops were hospitalized in critical condition.

The man who opened fire on the National Guard

A suspect, who was taken into custody, was also shot and sustained injuries that are not believed to be life-threatening, according to law enforcement officials who spoke to The Associated Press on condition of anonymity.

“This is a targeted shooting,” Washington Mayor Muriel Bowser said, noting that investigators are reviewing surveillance footage.

FIRS

Exchange of Gunfire

According to officials familiar with the investigation, the suspect walked up to the soldiers and opened fire. At least one of the Guardsmen returned fire. Authorities are still working to determine the shooter’s motive, including whether the troops were specifically targeted.

The shooting unfolded on a busy street near the White House. Videos posted to social media showed first responders performing CPR on one soldier as another received treatment on a shattered, glass-covered sidewalk. Police officers were seen restraining a suspect nearby.

Witness Account

Stacy Walters, who was in a car near the scene, said she heard two gunshots before witnessing people running. “It’s such a beautiful day. Who would do this, and we’re getting ready for the holidays?” she said.

Emergency responders transported all three injured individuals to a hospital, according to DC Fire and EMS spokesperson Vito Maggiolo.

Ongoing Tensions Over Guard Deployment

The National Guard’s presence in Washington has been a contentious political issue for months. In August, more than 300 West Virginia Guard members were deployed to the capital following an emergency order by President Donald Trump, who federalized the local police force. Although that order expired, many troops remained on the streets.

Last week, a federal judge ordered the Guard deployment to end but paused her ruling for 21 days to allow the Trump administration time to comply or appeal.

Reactions From Leaders

President Donald Trump, speaking from Florida, vowed that the gunman “will pay a very steep price,” calling the attacker an “animal” in a statement on Truth Social.

Vice President JD Vance, addressing troops at Fort Campbell, Kentucky, urged Americans to pray for the wounded soldiers. “It’s a somber reminder that our soldiers… are the sword and the shield of the United States,” he said.

Mayor Bowser, who earlier in the day announced she would not seek reelection, said her administration is actively monitoring the situation.

Heavy Police Presence

The shooting scene was locked down with police tape as emergency lights flashed overhead. Agents from the Secret Service, FBI, and ATF responded, and at least one helicopter landed on the National Mall while Guard troops secured the perimeter.

The investigation remains active, with officials reviewing surveillance footage and interviewing witnesses as they work to determine the suspect’s motive.

AP

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