News
Nigeria Slams $81.5bn fresh charges against Binance
The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5 billion in damages and unpaid taxes.
A breakdown of the figure shows that the government was seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes, covering 2022 and 2023. This total $81.5 billion.
In the lawsuit, filed by the Federal Inland Revenue Service (FIRS) at the Federal High Court in Abuja, Binance’s activities in Nigeria caused significant economic harm to the country.
Binance was also accused of evading taxes on its local earnings.
The case, marked FHC/ABJ/CS/1444/2024, accuses Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, of failing to register with the FIRS for tax compliance and allegedly violating Nigerian financial regulations. This lawsuit marks the third legal action against Binance in Nigeria.
The FIRS and the Economic and Financial Crimes Commission (EFCC) have already charged the company with tax evasion, money laundering, and foreign exchange violations before Justice Emeka Nwite of the Federal High Court in Abuja.
Among the financial penalties in the lawsuit are a 10% penalty for non-payment of taxes for 2022 and 2023, a 26.75% annual interest rate, based on the Central Bank of Nigeria (CBN) lending rate and additional penalties for Binance’s failure to register its business activities in Nigeria.
News
Eko Electricity blames Lekki-Ajah power outages on feeders disruption
The following feeders are currently out of supply: Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1, Eleko,” the company said.
Eko Electricity Distribution Plc (EKEDP) has announced a power outage across parts of Lagos, including Lekki, Ajah and Ibeju-Lekki, following a loss of supply affecting 12 feeders.
The affected feeders are Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1 and Eleko.
In a notice to customers, EKEDP said the VGC, Oke-Ira and Agungi injection substations were also affected by the disruption.
The distribution company attributed the outage to a fault affecting electricity supply within the Lekki, Ajah and Ibeju-Lekki axis.
The following feeders are currently out of supply: Ibeju, Ajah Local 1, Medallion Data, Urban Prime, Main One, Maroko, Chevron, Oke-Ira, Ikate Express, Ilasan, NTDA 1, Eleko,” the company said.
EKEDP said it was working with the Transmission Company of Nigeria (TCN) to restore the affected transformer and reconnect all the impacted feeders.
News
IGP Disu Launches Nigeria Police Force Vigilant App, for Tracking Crimes
” The police cannot be everywhere at the same time, but through technology and partnership with the citizens, we can significantly expand our capability to prevent and respond to crimes,” he noted.
The Inspector-General of Police, IGP Olatunji Disu, has launched the Nigeria Police Force Vigilant App as part of efforts to strengthen public engagement, internal communication and the fight against increasingly sophisticated crimes.
Disu also unveiled MTN Closed User Group (CUG) Network for strengthening communication among police commands, formations, divisions and specialised units nationwide.
Speaking during the launch ceremony in Abuja, IGP Disu said that the changing nature of crime and the speed at which information travels have made it necessary for the police to embrace technology.
The policing environment is changing rapidly. Crime is becoming more sophisticated. Information moves faster, and citizens increasingly expect public institutions to be accessible and respond to technology,”said Disu.
He explained that the Vigilant App was designed to improve communication between the police and members of the public by enhancing information sharing and citizen engagement.
The IGP urged Nigerians to use the platform responsibly to report suspicious activities, provide useful information and seek assistance when necessary .
Disu also charged officers managing the platform to operate with professionalism and integrity, stressing that information received through the system must be handled responsibly, investigated diligently and protected appropriately.
“The police cannot be everywhere at the same time, but through technology and partnership with the citizens, we can significantly expand our capability to prevent and respond to crimes,” he noted.
Disu observed that effective communication often determines the success of operations, emergency responses and investigations.
“In policing, information delayed can be information lost,” the IGP declared.
News
Edo Influential Politician, Daniel Orbih, dies at 64 •Obaseki mourns
Obaseki said Orbih’s contributions to Nigerian politics and the PDP remained significant, particularly during his years of service in Edo.
•Chief Daniel Osi Orbih
Chief Daniel Osi Orbih, a chieftain of the Peoples Democratic Party (PDP) is dead, aged 64.
Orbih, known by his traditional title, the Kulukulu 1 of Ogoni Land and Oduma of Uzairue, reportedly died on Monday, 31st August 2026.
His death was confirmed in a statement issued by his family and signed by Francis Udukhomoi Orbih, Esq., on behalf of the Orbih family.
Orbih was born on the 27th of October, 1961, to Chief and Mrs M.C.K. Orbih of Ogbona in Etsako Central Local Government.
He ventured into politics in 1999, and was the deputy governorship candidate of the All Peoples Party (APP) in Edo State, describing Orbih as a prominent figure and influential voice in Edo politics.
Condolences
Former governor of Edo, Godwin Obaseki, lamented that Orbih ‘s death represents a significant loss to Edo.
Obaseki said Orbih’s contributions to Nigerian politics and the PDP remained significant, particularly during his years of service in Edo.
“For many years, he provided leadership to the Peoples’ Democratic Party (PDP) in Edo State as its State Chairman and subsequently served as the PDP National Vice Chairman, South-South.
“Through these roles, he contributed significantly to the development of the party in the Edo State and Nigeria, ” he said.
He emphasised that the former PDP chairman’s death represented a significant loss to Edo State and Nigeria, while commiserating with his family, friends and political associates.
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