CBN Withdraws All BDC Licenses, Gives 6 Months Deadline To Recapitalise With N2bn
MONEY & MARKETS
By Philip UKPE On May 22, 2024

The Central Bank of Nigeria has withdrawn all Bureau de Change licences as it orders forex traders to reapply for fresh permits.

The operators are expected to apply for either of the two categories- ‘Tier one’ or ‘Tier two’ with a minimum capital requirement of N2bn and N500m respectively.

According to the Central Bank, BDCs have six months from the date of the release of the guidelines to apply for the new license.

The bank revealed this in the final ‘Regulatory and Supervisory Guidelines For Bureau de Change Operations In Nigeria. ‘

The apex bank had released a draft guideline in February 2024 for stakeholder inputs.

Sapasenator:


Big mistake my friend.

Judges are humans, not robots and there will always be the element of emotions involved except your case get political K-leg. Anywhere in the world, you have to be nice and show remorse to attract the judges attention, always show humility and remorse even if you do not mean it, that was the reason that Nigerian guy got 3 life sentences for a rape, all because he was nasty and argued with the judge.

Good luck

Sapasenator:


Who will enforce that law and why did his lawyer not argue that law? Were they unaware of its existence? You can quote all the laws you want but if the judge is not persuaded, you are on your own.
Kanu's outburst in court will not sit well with the judge and he is making matters worse for himself.

Judges are trained to act based on content of the law not on emotions

Sapasenator:


How did he finish FG. I am curious.

As of now, FG determines, the underwear and clothes he wears, they determine the food he eats, they determine If he would be allowed to have sex with his wife, FG determines whether he would drink water or not.

In any court proceeding, judges are like a demi-God and it is unwise to be having this kind of outbursts. As an adult, we should always learn to keep our emotions in check.

So, how did he finish FG again?

The law says he can't be trialled in Nigeria

MNK really finished fg

‘You’re a terrorist’, Nnamdi Kanu blasts FG’s lawyer in court

By Ikechukwu Nnochiri, ABUJA


The detained leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, caused a stir at the Federal High Court in Abuja on Monday, after his fresh request to be released on bail, was refused.


Kanu, who was visibly irked by the decision of the court to allow him to attend his trial from the detention facility of the Department of State Services, DSS, vented his anger on the lead counsel that appeared for the Federal Government, Chief Adegboyega Awomolo, SAN, labelling him a terrorist.

Addressing the court from the dock, Kanu, who is answering to a seven-count treasonable felony charge, said he was surprised that the senior lawyer, who is currently the Chairman of the Nigeria Body of Benchers, could not advise the government properly.


Kanu insisted that going by the provision of the Terrorism (Prevention and Prohibition) Act, 2022, Nigeria, having violated international treaty it entered into owing to the manner he was arrested and forcibly rendered back to the country, he ought not be subjected to the ongoing trial.

He stressed that both the Court of Appeal and the Supreme Court, in their various decisions, declared his forceful rendition from Kenya as an act of illegality.

Kanu, who kept waving a bunch of law books he entered the dock with, said:
“My lord, you said in your earlier ruling that you will not grant me bail until you make a determination about the reason for my disappearance. But you have not done so.


“At this stage, I am of the opinion that you can’t try me without first looking into that. The criminals came to my house to kill me!

“I don’t understand why my trial must be conducted contrary to the provision of the Constitution of the Federal Republic of Nigeria. This is the laws of Nigeria as at today. This court is in violation of laws of Nigeria. Section 2(3) (f) of the Terrorism (Prevention and Prohibition) Act, 2022, is very clear.”

At this juncture, the prosecution, Awomolo, SAN, tried to interject by asking Kanu’s legal team to call him to order.

Turning to Awomolo, SAN, Kanu, who was simmering with anger, said: “This man is a terrorist for conducting a trial in violation of an international treaty that Nigeria entered into. Once a treaty is entered into and signed, it becomes a law.

“They are all terrorists! No court can try me in Nigeria. Anything done in violation of any treaty e texted into by Nigeria is an act of terrorism.

“This man here is a terrorist as at today. He is a dishonest man! You are a terrorist! Who the hell are you? Follow what the law says.

“I have been in detention for over three years. You are the Chairman of the Body of Benchers and you are violating the laws of this country,” Kanu fumed.


Awomolo, SAN, who was shocked by Kanu’s outburst, said he was not angry about it.

“I am not a terrorist and I am not provoked by the action of the defendant. It is understandable. He is only being emotional,” the senior lawyer added.


Justice Nyako subsequently adjourned the matter to June 19 and 20.

It will be recalled that Kanu was first arrested in Lagos on October 14, 2015, upon his return to the country from the United Kingdom, UK.

Justice Nyako had on April 25, 2017, granted him bail on health ground, after he had spent about 18 months in detention.

Upon the perfection of the bail conditions, he was on April 28, 2017, released from the Kuje prison.

However, midway into the trial, the IPOB leader escaped from the country after soldiers invaded his country home at Afara Ukwu Ibeku in Umuahia, Abia State, an operation that led to the death of some of his followers.


Kanu was later re-arrested in Kenya on June 19, 2021 and extraordinarily renditioned back to the country by security agents on June 27, 2021.


https://www.vanguardngr.com/2024/05/youre-a-terrorist-nnamdi-kanu-blasts-fgs-lawyer-in-court/?fbclid=IwZXh0bgNhZW0CMTEAAR1y3Uh-3DDie1C8WrTPOH06x3Y4McmYwV7xJr0G-bl11KzGy3vcmKs31Cc_aem_Aenl8nxeFU7TjI1ZbI2wy0qpPPMleFpCqTaZKmNUh2ZYDuzYdJHh2jAxQV6z2iS3-Z-3ciHn5W8T9cH9Dj1cmbgs

If only E-Money, P-square, and other billionaires from the east would do the same... If only the man whose beach resort is about to be demolished brought his investments home... If only...

LONDON MAIDEN FLIGHT: How we fought restriction of Air Peace return flight to rejected part of MMIA — Onyema

By Dickson Omobola

Chief Executive Officer of Air Peace, Dr Allen Onyema, said yesterday that when his airliner returned from its maiden flight to London, some staff of the Federal Airports Authority of Nigeria, FAAN, tried to restrict its landing to a rejected part of the Murtala Muhammed International Airport, MMIA, Lagos, far from the new terminal.

Onyema noted that such an action would have exposed passengers to difficulties, saying it would have taken them up to nine hours to get to the terminal building.

Speaking on The Morning Show, an Arise TV programme, he said despite the fact that gate C-23 at the new terminal was inactive, the officials chose to reserve it for a foreign carrier at the expense of an indigenous airline.

His words: “When our aircraft landed, thank God I was there because this thing had happened before. Let me excuse the leadership of FAAN, Mrs Olubunmi Kuku; and the Director of Air Operations, Captain Abdullahi Mahmood, both doing fantastically well.

“The wickedness in the system is stinking. The only carrier doing international operations in Nigeria landed and it was kept somewhere in the bush, a disused side of the airport. They expect us to use rickety buses to take international passengers to the new terminal which the international airlines rejected when it was opened.

“For those on that plane which landed yesterday (Sunday), it would have taken about six hours for people to exit the airport. They put us near Nigerian Aviation Handling Company, NAHCO, which is very far. And nobody is using that end. No aircraft, not even foreign or local. Meanwhile, Gate C-23 at the new terminal was opened.

“When my captain called, he said it was reserved for a foreign airline at the expense of a Nigerian airline. Our aircraft, coming from London, was to be packed in one bush about two kilometres to our terminal.

”Can you imagine the time it would take us to take people from there to the terminal building? It would have taken about nine hours and Nigerians would have hated Air Peace because they wouldn’t know.”

davodyguy:

They definitely don't want anyone in their country then.

Salary slip for 3 years. Are you supposed to be keeping that in your wardrobe at home every year?

That's unnecessary

My Italian Visa is yet to expire. That qualifies me to enter Greece if I so desire, but I'm not interested

Please guide me on how to apply for Italian visa

Following

.

KelGraphicz:
All u guys do is curse your country and try to bring it down , you don't even contribute anything to the growth of the country.
U can go to Somali and face poverty mumu

They already told you they are Biafrans. Why forcing Nigeria on them?

Viper000:
yes 😂😂😂. Hw u take see the video. Omo I don cast😂😂😂

The video is on twitter

The Nigerian Upstream Petroleum Regulatory Commission has been mandated to relocate to Lagos.

Viper000:
abi I dey among dem, No be only Yoruba people dem flog. I no be Yoruba.. I come frm jos and I collect flogging.

Are you in this screenshot?

.

https://www.youtube.com/watch?v=7pTcK-zGE74?si=nuMyk5tWojoeZUWI

As seen on twitter:

I went to the market yesterday and I learned that importers are no longer importing, manufacturers are no longer manufacturing, and the ones we are struggling to buy are mostly old stocks.

The truth hurts

What is happening in Nigeria today is spiritual. Watch this video

https://youtube.com/shorts/7pTcK-zGE74?si=7QQOuq4Wh80TJSTK

The man doing the recording is sure an Igbo guy. He really felt sorry for them. Chai! After playing the so called sophisticated politics, they turned them to amajiris

The hunger plague is real.
#LagosAmajiris

https://twitter.com/DueProcessWorld/status/1757861234236416366?t=uYSg1bmgXcVmqL0NiEOcMQ&s=19

EmperorCaesar:
Every single person that has commented here are Igbos, they never asked for the link or source or even video of the acclaimed prophecy.

These guys like beer parlor gists

Facts, history, stats and records isnt their thing, thats why they will go against forbes list to tell u that the richest African is one "Ezego" from Nnewi in Anambra state

The enlightened one among them isnt any diff from a random gala hawker with just Pry6 certificate

The hunger plague is real bro. A bag of cement is now 10,500 in some places

Spiritual

According to Pastor Adeboye, Nigeria has spiritual problem.

Hunger plague has befallen Nigeria

proeast:


It’s actually 1300 in most places across East. Meanwhile, I heard that soaked garri is what they now serve during owanbe in the West😂😂

Even today, your people blocked federal highway in Ore in protest against starvation 😂😂

I bought 1400 today

A great plague has befallen Nigeria. Kiss the truth!

Kiss the truth!

ResidentSnitch:

There are very very rare moments you talk as though you are still capable of reasoning just a tiny little bit but most times, it is the exact opposite. This is one of those moments. Maybe there's still hope; you never can say.

The guy you quoted is a well-known Agba tribalist. He loves supporting wicked most times but this time, he spoke the truth.