Bitcoin Tops $25,000 To Hit Eight-Month High.

In this file photo taken on February 06, 2018 A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv. – Bitcoin briefly rose above $60,000 for the first time on March 13, 2021, as the world’s most popular virtual currency continued its record-breaking run. (Photo by JACK GUEZ / AFP)

Bitcoin hit an eight-month high to surge past $25,000 on Thursday as the volatile cryptocurrency rises despite pressure from US regulators.

 

The digital coin has soared by 50 percent since the start of the year, though it remains far off its peak of $68,992, which it reached in November 2021.

Bitcoin reached $25,249 on Thursday, its highest point since June and the first time it topped $25,000 since August.

A more optimistic outlook for the world economy is propping up the markets, including cryptocurrencies, with Paris and London stock exchanges hitting all-time highs on Thursday.

“While regulatory crackdowns continue to drive some unease, there’s clearly a growing sense of relief that the worst is behind it for the industry and 2023 could be a much better year,” said Craig Erlam, analyst at online trading platform OANDA.

US officials are cracking down on the cryptocurrency sector after the uproar caused by the recent bankruptcy of FTX and Alameda Research.

FTX, once the world’s highest-profile crypto exchange, collapsed spectacularly in November, leaving nine million customers in the lurch and seeing cofounder Sam Bankman-Fried indicted for fraud by US prosecutors.

US regulators on Monday ordered crypto firm Paxos Trust to stop issuing dollar-pegged cryptocurrency BUSD, a stablecoin, for trading platform Binance.

“The third largest stablecoin was given an expiration date of February 2024 and the market has seemingly shrugged it off,” said Riyad Carey, analyst at cryptocurrency data provider Kaiko.

As stablecoins are backed by one or more national currencies with a near fixed rate of exchange they don’t experience the swings in value that cryptocurrencies like Bitcoin have seen.

 

Naira Controversy: Buhari May Have Acted On Wrong Advice, Says Keyamo

A photo combination of Festus Keyamo and President Muhammadu Buhari

The spokesperson for the All Progressives Congress Presidential Campaign Council (APC-PCC), Festus Keyamo, has alluded to President Muhammadu Buhari’s directive on the naira swap policy being ill-advised.

Buhari, in a Thursday national broadcast on the controversial policy, ordered that the old N200 banknotes remain in circulation till April 10, while the old N500 and N1,000 bills no longer serve as legal tender.

The Central Bank of Nigeria (CBN) first set the policy in motion in October 2022, issuing a redesign of the three highest denominations of the naira, which was officially completed and unveiled in November 2022.

The initial deadline of January 31, 2023 was later extended to February 10, but with the governments of Kaduna, Kogi and Zamfara approaching the Supreme Court, an interim order was given putting the policy’s implementation on hold.

 

The ensuing currency scarcity has led to protests across the country with several cases of ATMs destroyed, as well as banking facilities and property damaged.

“My view is that the President acted honestly without intention to slight the Supreme Court,” Keyamo said during a live appearance on Channels Television’s The 2023 Verdict on Friday. “But he may have acted on wrong advice.”

He added, “I did not give that advice; it is not my responsibility. I don’t know who gave that advice. I want to say this openly because tomorrow, people will ask me where I stood at this time.”

The Minister of State for Labour stated that Buhari’s speech acknowledged that there were certain matters in court and that the President believed he was playing safe by purportedly intervening to quell the growing tension across the country.

 

“He thought he was playing safe by saying, ‘Before you decide this matter in court, may I just provide some middle ground so that country burning, there are riots everywhere, so let me just try and provide some succour to the people, whilst acknowledging the matters are in court.’

“Now, if I were to advise him, I would have advised differently. I did not advise him. It’s not my responsibility; I don’t know who.”

Asked what his counsel to the President would have been, Keyamo said it would be for him to “comply strictly with the terms of the order of the Supreme Court, [which is that] all the old notes should circulate for now side by side with the new notes because that is the order of the Supreme Court.”

He added that by virtue of the constitution, “all authorities in Nigeria must obey the orders of the Supreme Court, “adding that anything to the contrary is “a descent to anarchy.”

According to him, the day people begin to disobey the order of the Supreme Court is an invitation to “revolutionary intervention or other kinds of interventions” in the nation’s democracy.

He described the judiciary and the Supreme Court as the last bastion to defend Nigeria’s democracy.

‘True Federalism’

Keyamo also addressed the allegations of treason against governors, including those of Kaduna and Kano, who have warned that severe action would be taken against corporate entities in their states that reject the old notes.

“It’s federalism in action. Those who are clamouring for true federalism – this is true federalism in action. People are thinking that this is the first time that governors of the APC are taking the President to court. It’s not,” he said.

“On various issues, they have always challenged the President in court. It doesn’t affect their amity; it doesn’t affect the cohesion of the party; it doesn’t affect the cohesion of these individuals.”

In his assessment, the minister stated that the President “at times” approves of the institutions set up by the constitution to resolve disputes, adding that the courts are there to resolve disputes.

“Don’t forget that the governors took the President to court over certain executive orders that he gave, I think regarding the state judiciaries and legislature and they won at the Supreme Court,” he said.

 

Ghana Footballer Christian Atsu Found Dead In Turkey Earthquake Rubble

 

A file photo of Christian Atsu

The body of former Ghana international Christian Atsu has been found after a huge earthquake in Turkey, local media reported Saturday, quoting his manager.

Atsu, 31, was caught up in a 7.8-magnitude quake that rocked Turkey and Syria on February 6, killing more than 43,000 people in both countries.

There were initial reports he had been rescued a day after the quake, but these turned out to be false.

His manager in Turkey, Murat Uzunmehmet, told DHA news agency on Saturday that his body had been found under the rubble in the Turkish southern province of Hatay.

“We have reached his lifeless body. His belongings are still being removed. His phone was also found,” Uzunmehmet told DHA.

His former club Newcastle United confirmed his death early Saturday.

“We are profoundly saddened to learn that our former player Christian Atsu tragically lost his life in Turkey’s devastating earthquakes,” the club wrote.

“A talented player and a special person, he will always be fondly remembered by our players, staff, and supporters. A proud Ghanaian who played for his country on 65 occasions, Christian represented our club between 2016 and 2021, making 121 appearances.”

Midfielder Atsu spent four seasons at Chelsea before a permanent transfer to Newcastle in 2017. He signed in September for Turkish Super Lig side Hatayspor.

Search and rescue workers found Atsu’s body where he was staying at Ronesans Residence, a block of high-rise luxury flats that toppled over in Antakya city in Hatay.

Turkish police arrested the building’s contractor at Istanbul airport last week as he appeared to be heading to Montenegro, according to state news agency Anadolu.

 

 

 

Lady’s celebration of her dad on his birthday raises dust

 Lady’s celebration of her dad on his birthday raises dust

click on this...→https://twitter.com/instablog9ja/status/1626586998470488066?s=20

CLICK →Family romance 

General Overseer, Theology Student Arrested Over Dubai-Bound Meth, Skunk

Operatives of the National Drug Law Enforcement Agency (NDLEA), have arrested the founder and General Overseer of Seraphic and Sabbath Assembly, Lagos, High Priest Nnodu Azuka Kenrick; a student of Emmanuel College of Theology, Samanta, Ibadan, Udezuka Udoka and their freight agent, Oyoyo Mary Obasi.

They were apprehended over an attempt to export methamphetamine and skunk consignments concealed in kegs of palm oil through the NAHCO export shed of the Murtala Muhammed International Airport, MMIA, Ikeja Lagos to Dubai, United Arab Emirate.

High Priest Nnodu was arrested on Saturday 11th February 2023 at his Seraphic and Sabbath Assembly church located at No 1, Sabbath Close, Ijesha area of Lagos following the arrest of two suspects: Oyoyo Mary Obasi and the theology student, Udezuka Udoka on Thursday 9th February at the Lagos airport in connection with the seizure of 283 parcels of skunk weighing 14.90 kilograms and 204 grams of methamphetamine concealed in four 25-litre kegs of palm oil for export to Dubai.

In her statement Mary indicted the General Overseer of her new-found church, Nnodu and his son, Chisom Obi, who is now at large as the persons that gave her the consignments for export after being compelled to take an oath of secrecy as well as a sacrifice of chicken in the church while High Priest Nnodu prayed for her for the success of the transaction.

Spilling the bean on how she was recruited by her church’s GO, Mary said the clergyman and his son used threats to compel her to take the job after they knew she had known their secrets, adding that High Priest Nnodu was always referring to the illicit drugs as Ice and Bible, (Street names for Methamphetamine and Cannabis) in their telephone text message chats.

The theology student, Udezuka was introduced to Mary to assist her because she was new in the illicit business. Udezuka said he was paid N2million for his role and had to do it because he needed the money for his education.

Another attempt to send a consignment of skunk and tramadol 225mg to the UAE by a Dubai-returnee, Nnamani Monday Innocent was also frustrated following his arrest at Trade Fair complex in Ojo area of Lagos, where he had gone in company of his friend Nwanana Emmanuel Ikechukwu with the cargo to a freight company to process the consignment for export on Tuesday 7th Feb.

In the same vein, NDLEA operatives attached to the SAHCO export shed of the Lagos airport same day intercepted a cargo going to London, United Kingdom. In the consignment containing food items packed in a carton, the four walls of the carton were used to conceal 1.10 kilograms of methamphetamine while the freight agent, Agholor Emmanuel, who presented the cargo for export was immediately arrested.

Meanwhile, NDLEA operatives on Tuesday 7th Feb intercepted a consignment of 1,340 kilograms of cannabis sativa coming from Ogbese, Ondo state in a liquified natural gas truck to Okurikang Okoyong in Odukpani LGA, Cross River State. Following credible intelligence, the movement was monitored for three weeks and upon arrival, 130 bags of cannabis weighing 1.430 tons were recovered from the LNG truck and 13 motorcycles which were hired by the cartel to convey the consignment deep into the forest.

In Kano, four suspects: Ado Shuaibu; Yahaya Shuaibu; Mamman Sani and Umar Musa Yakubu were arrested in connection with the seizure of 229 blocks of skunk weighing 131.1kgs. While Umar was arrested on Tuesday 7th Feb at Tumfafi village, Kano, the trio of Ado, Yahaya and Mamman were nabbed on Saturday 11th Feb at Garin Balarabe, Maigatari, Jigawa state in a follow up operation. Another suspect, Aisha Muhammad was arrested in Koki area of Kano with 17kgs cannabis.

In another development, no fewer than four members of a syndicate using dispatch motorcycles to distribute illicit drugs in Lekki area of Lagos were arrested on Sunday 5th Feb. They include: Tijani Oladapo Hakeem; Eric Maku; Ahmed Jubril Olamide and Adobi Fortune Chris. At the time of their arrest, 1.88kgs of Loud and assorted paraphernalia were recovered from them.

While 79.1kgs skunk were seized during a raid in Patey area of Lagos Island on Tuesday 7th Feb by NDLEA operatives, a total of 2,370.06 kilograms of cannabis and two boats seized at a jetty in Lagos by men of Civil Defence Corps were handed over to the Lagos command of the Agency.

In his reaction to the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) commended the officers, men and women of the MMIA, Cross River, Kano, and Lagos commands for their commitment and professionalism towards ridding Nigeria of the menace of illicit drugs.

He said the Agency will continue to target anyone or group involved in the criminal trade without fear or favour while urging all NDLEA officers across the country to remain unrelenting in the pursuit of the corporate goal.