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Nigerian Govt To Reciprocate Any Visa Ban, Travel Restrictions By US, Other Countries — Immigration CG

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Muhammad Babandede, comptroller-general of the Nigeria Immigration Service ( NIS), says the government will reciprocate travel bans and restrictions on Nigeria by any country.

Babandede was reacting to the inclusion of Nigeria by the US to its list of countries with visa restrictions.

In February, President Muhammadu Buhari unveiled a new visa policy for the country which provides for three categories of visas: short visit, temporary, and permanent residence and 79 visa types.

Babandede told TheSignature50 magazine that the new visa policy is reciprocal in nature, adding that like the US, Nigeria has the right to dictate who it allows in or restricts entry from.

“I can tell you that US is a country, it is a nation like Nigeria. They have the right to restrict who will enter their territory or not just like we can restrict US citizen or whomsoever from entering Nigeria,” Babandede said.

“So they have the right, but I want people to know that Visa restriction is not a Visa ban, it is a ban for people who want to take residency not people who want to go for short visits.

“You are aware that President Muhammadu Buhari GCFR just launched a new visa policy for Nigeria, the visa policy has 79 classes of visa. So, we will be in a position to say to countries, if you allow us for short visits we will allow you for short visits and if you stop us from other visits, we do the same, because the new visa policy is based on reciprocity.

“So, we will test this for a year and see those who reciprocate and we take actions for those who do otherwise.”

Speaking on his management of the agency, Babandede said he has been able to execute projects with transparency.

He said when he assumed office, he made it a duty to inaugurate two new command buildings so that the agency could act independently without any interference.

“When I came on board, I was really ashamed to find Immigration office, especially commands been kept in federal secretariat, we are law enforcement agency, we ought not to be in a Federal Secretariat. So i made a commitment to myself that every year, I want to commission two new buildings – commands,” he said.

“And we have developed a model for each command. I am glad to say that 2017, we did two – Kano and Jigawa, 2018 we did two – Plateau and Abia, and 2019 we did three – we commissioned Adamawa, Zamfara and Uyo.

“This year 2020, God’s willing we will commission around five or eight, depending on the availability of fund.”

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JUST IN: CBN Increases Banks Capital Base To N500bn, N200bn For National Commercial Banks

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The capital basis for commercial banks with international permission has been raised to N500 billion by the Central Bank of Nigeria (CBN).

The policy change was confirmed by Mrs. Hakama Sidi Ali, CBN’s acting director of corporate communications. in a declaration.

She added that commercial banks with regional authorization are expected to reach a capital floor of N50 billion, while those with national authority must meet a ceiling of N200 billion.

Announced on Thursday, March 28, 2024, this comprehensive financial reform requires significant increases in banks’ minimum capital bases, which vary depending on the size of the bank.

The latest policy directive specifies that commercial banks with international authorization are now required to shore up their capital base to N500 billion.

In a bid to tighten the financial fabric, the CBN has not overlooked merchant banks, which are now subject to a N50 billion minimum capital requirement.

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Detained Binance Executive Gambaryan Drags EFCC, NSA To Court

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Tigran Gambaryan, the CEO of Binance who is currently in detention, has claimed that he has been violated in his fundamental human rights by the Economic Financial Crimes Commission and Nuhu Ribadu, the National Security Adviser.

Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution.

He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect.

Gambaryan also sought an order of perpetual injunction restraining the respondents and their agents from further detaining him in relation to any investigation into or demands from Binance.

He also urged the court to order the respondents to issue a public apology to him.

Gambaryan averred that he was in Nigeria alongside fleeing Nadeem Anjarwalla to honour the invitation of the ONSA and EFCC to discuss issues relating to Binance in Nigeria.

Anjarwalla escaped from the guest house where he and Gambaryan were being held

He argued that he had not committed any offence during the meeting, and neither was he informed in writing of any offence he personally committed in Nigeria at any other time.

“The only reason for his detention is because the government is requesting information from Binance and making demands on the company,” he added.

The fleeing Anjarwalla also filed a similar suit, marked: FHC/ABJ/CS/355/24.

At the proceedings on Thursday, T.J. Krukrubo (SAN) appeared for the plaintiffs, while the respondents had no representation.

Krukrubo informed the court that the respondents were served two days ago.

Shortly after that, he announced to the court that he was withdrawing from the matter as counsel for the fleeing Anjarwalla.

He did not give reasons for his withdrawal.

The trial judge, Justice Inyang Ekwo, adjourned the matter till April 8.

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Federal Government To Arraign Binance Executives Over ‘Tax Evasion’ On April 4

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On April 4, the federal authorities will file charges against senior executives of the cryptocurrency company Binance, Tigran Gambaryan, and Nadeem Anjarwalla, for allegedly engaging in “tax evasion.”

Anjarwalla is Binance’s regional manager for Africa, while Gambaryan oversees the company’s compliance with financial crimes.

The Federal Inland Revenue Service (FIRS) charged Binance with a crime on March 25th for “tax evasion.”

The service claims that the action is intended to maintain national economic integrity and fiscal discipline.

The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, is said to “implicate Binance with a four-count tax evasion accusation”.

However, on Thursday, NAN reported the federal government will charge the three defendants before Emeka Nwite, the presiding judge, at the federal high court (FHC) in Abuja on a four-count charge.

Despite not being a vacation judge, according to the report, the chief judge granted the fiat for the judge to oversee the case during vacation because it is a matter of critical national interest.

The lawsuit comes a month after Anjarwalla and Gambaryan were detained by the Nigerian authorities.

Anjarwalla and Gambaryan had flown into Nigeria but had their passports seized by ONSA.

On March 12, Anjarwalla was transferred to a local hospital after he fell ill while in detention in Nigeria.

However, on March 25, Anjarwalla escaped from custody and fled Nigeria with a smuggled passport.

Meanwhile, Gambaryan, on March 28, sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC), alleging violation of his fundamental rights.

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