CBN Bans Banks, Fintechs from International Money Transfer Services, Jerks Up Application Fee by 1,900%

The Central Bank of Nigeria (CBN) has issued a prohibition on banks and financial technology companies (fintechs) offering international money transfer services. This notice is outlined in the updated guidelines for the operations of International Money Transfer Operators (IMTOs), which were formally published on January 31, 2024. The document read: “All banks are prohibited from operating…

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26-Year-Old Nigerien Bags 78-Month Imprisonment in US Over Firearm Charges

A 26-year-old Nigerien national has been sentenced to federal prison on firearms charges related to his residency in the United States, as announced by U.S. Attorney Alamdar S. Hamdani. Following a one-day trial, the jury took approximately one hour to deliberate before reaching guilty verdicts on March 14, 2023, against Moctar Ahmadou Gouroudja Ahmadou. U.S….

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Insecurity: New Police Commissioners Deployed to FCT, Benue, Ekiti, Others

Amid escalating insecurity nationwide, the Police Service Commission (PSC) has sanctioned the appointment and deployment of new Commissioners of Police (CPs) to the Federal Capital Territory (FCT), Ekiti, Benue, and two additional states. Ikechukwu Ani, the Commission’s Head of Press and Public Relations, revealed this information in a statement released on Wednesday. As per the…

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