A new revelation has emerged as Binance’s head of financial crime, Tigran Gambaryan, alleged that three Nigerian lawmakers demanded a $150 million bribe from him while he was in detention.
Gambaryan, who was held in Nigeria for months over allegations of money laundering and aiding criminal activities, was released after the charges were dropped following U.S. government intervention.
On Friday, in a post via his X handle, the Binance executive identified the lawmakers as Peter Akpanke, Philip Agbese, and Ginger Obinna Onwusibe.
During his time in custody, the Binance executive claimed that these lawmakers requested the bribe to prevent his prosecution.
MR Ginger Obinna Onwusibe. serves as the chairman of the House of Representatives Committee on Anti-Corruption, while Phillip Agbese holds the position of deputy spokesperson in the House.
The House of Representatives had refuted allegations that any of its members sought bribes from Binance officials and attempts to get comments from the accused lawmakers are ongoing
Gambaryan’s post included specific details about the alleged demand, including the date and circumstances.
“The DSS was involved in the House of Representatives matter. We met with them at their office on Friday, January 5, 2024, as a prerequisite to our meeting with the House of Representatives. They alluded to the fact that we had to comply with whatever the House members instructed us to do.
“At the House meeting, there were three members present. Two of them were Peter Akpanke and Philip Agbese, both working under the leadership of Ginger Obinna Onwusibe.
Hong Kong stocks rallied strongly on Friday, climbing over 3%, as global markets reacted positively to the delayed implementation of new U.S. tariffs announced by President Donald Trump.
Investor sentiment further improved following a Bloomberg report revealing that China had invited Alibaba co-founder Jack Ma and other top entrepreneurs for high-level discussions, raising expectations of increased government support for the country’s private sector.
The Hang Seng Index soared 3.69%, gaining 805.96 points to close at 22,620.33.
On Thursday, President Trump defended his decision to impose fresh reciprocal tariffs on trading partners, criticizing U.S. allies for trade practices he deemed unfair. He described the European Union as “absolutely brutal” in trade negotiations. However, comments from Commerce Secretary nominee Howard Lutnick offered a temporary reprieve, as he indicated that tariff impact assessments would be finalized by April 1, with potential enforcement starting the following day.
Technology stocks led Hong Kong’s rally, fueled by optimism surrounding Chinese AI startup DeepSeek. The company made headlines last month after unveiling a chatbot that reportedly rivals those of U.S. tech giants at a significantly lower cost.
Alibaba, already up over 40% in 2025, jumped another 6.3% following its chairman’s announcement that the company would supply AI technology to power Apple’s iPhones in China. Other major tech players, including JD.com and Tencent, also saw significant gains, each rising more than 7%.
The Central Bank of Nigeria (CBN) has assured the public that Keystone Bank Limited remains stable and fully operational despite a recent court ruling transferring the bank’s shares to the Federal Government.
In a statement released on Friday, CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, addressed concerns over the development, emphasizing that there is no reason for alarm. She reiterated that ensuring the stability of Nigeria’s banking sector and protecting depositors’ funds remain top priorities for the apex bank.
“For clarity, the court ruling simply reaffirms the Central Bank of Nigeria’s earlier decision to assume control of Keystone Bank Limited in January 2024, following a leadership transition,” the statement read.
The CBN further assured that it has been actively overseeing Keystone Bank’s operations to maintain compliance with regulatory standards and uphold financial transparency.
“Since then, we have closely monitored the bank’s activities to ensure adherence to regulatory requirements and operational transparency while safeguarding depositors’ funds.
“As part of our commitment to strengthening the financial system and maintaining public trust, we will continue to oversee the bank’s performance and take all necessary measures to protect the interests of depositors, employees, and stakeholders,” the statement added.
Customers seeking further clarification were encouraged to contact Keystone Bank’s customer service or visit any branch for assistance.
The court-ordered forfeiture follows regulatory interventions in Nigeria’s banking sector, with the CBN implementing measures to enhance governance and reinforce financial system stability.
Keystone Bank confirmed that it is now entirely owned by the Federal Government following a Lagos State Special Offences Court ruling in Ikeja on Tuesday, February 11, 2025. The court dissolved the bank’s former shareholder, Sigma Golf Nigeria Limited, in a case initiated by the Economic and Financial Crimes Commission (EFCC).
The ruling came after the court convicted Sigma Golf Nigeria Limited of an alleged N20 billion fraud, ordering its liquidation. Justice Rahman Oshodi delivered the verdict in the case filed by the EFCC against former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and the company.
The EFCC had arraigned Sigma Golf Nigeria Limited and the former AMCON boss on a six-count amended charge, alleging conspiracy and theft. The agency accused the defendants of diverting N20 billion from AMCON through Heritage Bank to acquire shares in Keystone Bank.
Perry, a Republican representing Pennsylvania, made this claim during the inaugural hearing of the Subcommittee on Delivering on Government Efficiency. The hearing, titled “The War on Waste: Stamping Out the Scourge of Improper Payments and Fraud,” focused on the alleged misuse of taxpayer funds.
During the session, Perry questioned the allocation of U.S. aid funds, stating, “Who receives some of this money? Your tax dollars—$697 million annually—along with cash shipments are being funneled into madrasas, ISIS, Al-Qaeda, Boko Haram, ISIS Khorasan, and terrorist training camps.”
According to the subcommittee’s website, its mandate includes collaborating with President Donald Trump’s Department of Government Efficiency to eliminate waste, strengthen vulnerable payment systems, and investigate fraudulent taxpayer schemes.
Perry also highlighted USAID’s reported allocation of $136 million for constructing 120 schools in Pakistan, alleging that there was “zero evidence” of any schools actually being built.
Additionally, he criticized programs like the Women’s Scholarship Endowment and Young Women Lead, which receive $60 million and $5 million annually, respectively. He argued that such initiatives claim to support women in Afghanistan, despite Taliban restrictions that prohibit women from speaking publicly. “The American people are supposed to believe this money benefits women in Afghanistan? It does not. You are funding terrorism through USAID,” Perry asserted.
He further alleged that over the past 20 years, USAID spent $840 million on Pakistan’s education sector, yet there is no verifiable proof of school construction. Instead, he claimed, $20 million was used to develop educational television programs for children unable to attend schools that, according to him, “do not exist.”
Former U.S. President Donald Trump has previously called for the closure of USAID, accusing the agency of corruption on his Truth Social platform. This push aligns with Trump’s broader initiative—supported by billionaire Elon Musk—to reduce the size of the U.S. government.
Musk, whom Trump appointed to lead the Department of Government Efficiency (DOGE), has also criticized USAID, labeling it “a viper’s nest of radical-left Marxists who hate America.” He has vowed to shut it down, further alleging that the agency engages in covert CIA operations and has funded controversial bioweapon research.
Trump emphasized that DOGE’s mission is to “dismantle government bureaucracy, slash excessive regulations, cut wasteful expenditures, and restructure federal agencies.” He declared that the initiative would send “shockwaves through the system” and hold accountable those involved in government waste.
Valentine’s Day, which falls on February 14th every year, is usually set aside as a special occasion for celebrating love. Often times, couples, people, or organizations who choose to mark the day, take time to visit fun spots for pleasure, reflection or a way of giving back to the less privileged. In Nigeria, there’s an array of amazing destinations to make the occasion memorable, whether its for a romantic getaway, a fun-filled adventure, or a tranquil spot.
Lagos, Abuja, Port Harcourt, and perhaps Kano have something unique for every type of couple. Among these, Kano stands out for its historical charm and vibrant culture. What’s unique about these places? If you’re short of ideas on where to visit, .here’s a guide to the best places to celebrate Valentine’s Day in each of these vibrant cities:
Lagos: The City that Never Sleeps
Lagos, the heartbeat of Nigeria, is a city that never stops, making it an ideal place for an exciting Valentine’s Day celebration. Whether you want to enjoy a luxurious dinner, a beach day, or a lively night out, Lagos offers endless options. You could spend the day by the sea, feeling the cool breeze as you sip on cocktails and enjoy the lively beach vibes. You can take a romantic stroll along the shoreline or indulge in a candlelit dinner with the sound of the waves in the background. Elegushi beach, Wave beach, and Lakwe resort among many others make up spots for this.
Sky Restaurant & Lounge Located in the Eko Tower, offers breathtaking views of the city skyline, where you can enjoy gourmet dining and a vibrant atmosphere, perfect for an unforgettable Valentine’s dinner. For couples who love art and culture, a visit to the Nike Art Gallery offers a wonderful opportunity to explore traditional Nigerian art while immersing in the creativity of the country.
Abuja: The Capital of Romance
Abuja, with its serene landscapes and sophisticated vibe, is perfect for those who want a peaceful, yet beautiful escape. The city has various spots to make Valentine’s Day truly special. You can enjoy a boat ride on the tranquil waters of Jabi Lake, followed by a picnic on the lake’s shores. It’s the perfect spot for couples looking to spend quiet time together while surrounded by nature. Also, for a more relaxed and intimate experience, head over to Bukka Hut, where you can indulge in delicious local Nigerian cuisine in a cozy setting, perfect for a low-key but meaningful celebration.
Port Harcourt: The Oil City
Port Harcourt, is known for its lively spirit and beautiful riverfront views. The city offers a laid-back atmosphere with some exciting spots to enjoy your day with a loved one. The Rivers State Cultural Centre can be viewed for an evening filled with music and culture, with a live performance at the Cultural Centre. And, perhaps you’re in the mood for a more adventurous day, the Port-Harcourt Tourist Beach is a place where you can enjoy water activities, ride horses, or simply relax by the beach.
If you love nature and adventure, Bori Camp offers the perfect getaway. With its lush greenery and peaceful environment, it’s the ideal spot to disconnect and enjoy each other’s company.
Kano: The Heart of Nigerian Heritage
When it comes to reflection and romance, Kano is perhaps the most historically rich and culturally immersive city to celebrate Valentine’s Day. Known for its ancient traditions, Kano combines the beauty of history with a unique charm that makes it a standout destination for a romantic celebration. One of the most iconic landmarks in Kano is the Emir’s Palace, it is a must-visit. Its serene courtyards and royal atmosphere provide the perfect backdrop for a quiet, reflective Valentine’s celebration.
For history lovers, the Gidan Makama Museum is a great place to delve into Kano’s past. With its fascinating exhibitions and displays, it offers an engaging way to learn about the city’s culture while spending quality time together.
For nature lovers, a trip to the Kano Zoo and Gardens is a delightful experience. Stroll hand in hand through lush green spaces, explore the exotic animals, and enjoy a quiet moment by the scenic gardens—this location makes for an intimate and fun day out.
From strolling through centuries-old markets to enjoying a peaceful sunset by the walls of the ancient city, Kano offers a special kind of magic that’s perfect for a Valentine’s Day celebration. It’s the ideal destination for couples who want to experience something beyond the typical romantic spots and truly connect with each other, not just through love, but also through the shared experience of exploring a city rich in history and culture.
Whether you’re in the bustling streets of Lagos, the political heart of Abuja, the green-filled city of Port Harcourt, or the culturally rich Kano, each of these cities offer something special to make your Valentine’s Day one to remember.
The Central Bank of Nigeria (CBN) has warned banks against imposing restrictions that prevent customers from withdrawing up to ₦20,000 per transaction at Automated Teller Machines (ATMs). The apex bank stated that any financial institution found enforcing such limitations will face penalties.
This directive was outlined in a ‘Question and Answer’ explainer released on Thursday, following the recent review of ATM withdrawal fees. The CBN emphasized that withdrawal charges for ATMs—whether on-site or off-site—are based on the expectation that customers can access up to ₦20,000 per transaction.
“Any bank that compels a customer with sufficient funds in their account to withdraw less than ₦20,000 per transaction, against their preference for a higher amount, is violating this regulation and will be appropriately sanctioned,” the statement read.
Customers who experience such restrictions have been advised to report the issue to the CBN by emailing cpd@cbn.gov.ng.
Additionally, the CBN reiterated that banks must not exceed the prescribed ATM fees. However, they are allowed to charge lower fees depending on their cost structure and business strategy.
“The charges and surcharges are capped, meaning banks and financial institutions cannot impose fees beyond the limits set in the circular. However, they may charge lower fees based on their operational costs and business development plans,” the apex bank clarified.
To minimize withdrawal charges, the CBN recommended that customers prioritize using ATMs operated by their respective banks. It also encouraged alternative payment methods, such as mobile banking apps, POS terminals, and digital transactions, to reduce dependency on cash withdrawals.
MTN Nigeria, the country’s largest telecom operator, has publicly apologized to its customers following widespread backlash over a sudden 200% increase in the price of its popular 15GB data plan.
The price adjustment saw the cost of a 15GB weekly bundle surge from N2,000 to N6,000, catching many subscribers off guard and triggering an outcry on social media.
In a message shared on Thursday, MTN adopted an informal, conversational tone to acknowledge customers’ frustration, admitting the abrupt price change was a misstep.
“To our 15GB digital bundle lovers, we understand—you’re upset. Waking up to a 200% increase on your favorite data plan must have been frustrating,” MTN stated.
The message continued, “We could give plenty of explanations, but honestly, all that is just talk. We get it—we messed up. Let’s just say it was a mistake.”
Appealing for understanding, the telecom giant urged customers to let go of their anger. “This is the season of love, so please forgive and forget. You mean the world to us, and we’ll continue showing you how much. Let’s keep our relationship strong. Thank you for your understanding.”
As of now, MTN is the only operator to implement the price hike. However, Airtel and Globacom are expected to follow suit after the Nigerian Communications Commission (NCC) approved a 50% tariff increase earlier this year.
Meanwhile, the Nigeria Labour Congress (NLC) has strongly opposed the new tariff implementation, calling for an immediate reversal by telecom providers.
The Federal Government has placed a one-year suspension on the registration of new polytechnics and monotechnics across Nigeria. This decision, approved by the Minister of Education, Dr. Tunji Alausa, aims to regulate the establishment of Technical and Vocational Education and Training (TVET) institutions.
However, health institutions are exempt from this suspension due to concerns over low enrollment rates.
In an official statement issued on Thursday in Kaduna, the Executive Secretary of the National Board for Technical Education (NBTE), Prof. Idris Bugaje, confirmed that the moratorium takes immediate effect. This means no new applications for polytechnics and monotechnics will be processed for the next 12 months.
For institutions currently undergoing assessment, certain financial obligations must be met to continue their registration process. According to Prof. Bugaje:
Polytechnics awaiting ministerial approval must pay an N4 million application fee and N2 million per program processing fee.
Monotechnics are required to pay an N2 million application fee and N1 million per program processing fee.
Payment must be made within 30 days, or the application will be terminated.
Newly established health institutions, which are exempt from the ban, will follow the same fee structure as monotechnics.
The NBTE executive secretary emphasized that this policy aims to ensure proper student distribution within the carrying capacity of existing institutions, maintaining quality and efficiency in technical and vocational education.
In a match that will be remembered for its intensity and late drama, Everton and Liverpool played to a 2-2 draw in the final Merseyside derby at Goodison Park on February 12, 2025.
Early Strikes Set the Tone
The game began with high energy from both sides. Everton took the lead in the 11th minute when Beto capitalized on a quick free-kick, slotting the ball past Alisson. Liverpool responded swiftly, equalizing in the 16th minute as Alexis Mac Allister connected with Mohamed Salah’s cross, heading it into the bottom corner.
Second Half Tensions and Opportunities
The second half saw both teams pushing for the lead. Everton’s Abdoulaye Doucoure missed a clear chance, heading wide from a promising position. Moments later, Jarrad Branthwaite thought he had scored, but his goal was disallowed for offside.
Salah’s Strike and Tarkowski’s Late Equalizer
Liverpool appeared to have secured the win in the 73rd minute when Salah capitalized on a defensive error, firing the ball into the net to make it 2-1. However, the drama was far from over. In the 98th minute, Everton’s captain, James Tarkowski, unleashed a powerful shot from outside the box, beating Alisson and sending the home fans into raptures.
Post-Match Chaos and Dismissals
LIVERPOOL, ENGLAND – FEBRUARY 12: Arne Slot, Manger of Liverpool, is shown a red card by referee Michael Oliver at the end of the Premier League match between Everton FC and Liverpool FC at Goodison Park on February 12, 2025 in Liverpool, England. (Photo by Carl Recine/Getty Images)
The excitement spilled over after the final whistle. A confrontation between players led to red cards for Everton’s Doucoure and Liverpool’s Curtis Jones. Additionally, Liverpool’s manager, Arne Slot, and his assistant, Sipke Hulshoff, were sent off for their protests towards the referee.
This final Goodison Park derby encapsulated the passion and unpredictability of Merseyside derbies. While Liverpool remains seven points clear at the top of the Premier League, Everton’s spirited performance and late equalizer provided a fitting end to an era at their historic ground.
Cameroon’s President Paul Biya, the world’s oldest sitting head of state, celebrates his 92nd birthday on Thursday after over four decades in power. Despite speculation, he has yet to confirm whether he will seek an eighth term in the upcoming October elections.
The deeply fragmented opposition and many political observers widely expect Biya, who first assumed office in 1982, to extend his rule. Following a contentious 2018 election, his administration has intensified political repression, with dissent met by arrests and harsh penalties, according to human rights organizations.
“The president has stated that he will announce his decision at the appropriate time,” Communication Minister Rene Emmanuel Sadi said last month.
Amid ongoing rumors about his health, authorities recently clarified that Biya was in Switzerland, a frequent retreat destination for him. Upon his return to Cameroon in October, his public appearances have been sparse, limited to official photographs, a regional summit in Yaoundé, and a few televised speeches.
Supporters continue to urge him to run, with some insisting he remains strong enough to serve two more terms. In his year-end address, Biya reaffirmed his commitment to serving the nation, citing widespread public support.
Despite his prolonged rule, Cameroon faces mounting challenges, including corruption, high unemployment, and ongoing violence. Insurgent attacks by Boko Haram and ISWAP have destabilized the Far North region since 2009, while separatist conflicts in the English-speaking western regions persist.
Catholic bishops have voiced concern over the nation’s deteriorating state, describing widespread suffering and governance failures. Meanwhile, Biya remains steadfast, praising the country’s “tremendous progress” in his latest speech and warning against forces seeking to disrupt stability.
The government has not undergone a reshuffle since 2019, with several ministerial and parliamentary positions left vacant following the deaths of officials.
As election season approaches, Biya’s next move remains uncertain, but history suggests his grip on power is far from loosening.
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