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Reps Committee accuse lawyers of misleading cryptocurrency exchange coy

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The House of Representatives Committee on Financial Crimes yesterday on Wednesday walked out lawyers from Udo Udoma and Belo-Osagie, for misleading a cryptocurrency exchange company in Nigeria suspected to be operating at variance with extant Nigerian laws.

Recall that on the 5th of December, 2023,
Empowerment for Unemployed Youths Initiative, Niger-Delta Youth Council and their partners petitioned Binance Holdings Limited, the operators of Digital Assets Exchange before the House Committee on Financial Crimes alleging a plethora of crimes and infractions against Nigerians and total disregard for extant laws governing cryptocurrencies which has posed a risk to Nigerians especially the youth who are vulnerable to such schemes.

The House Committee on Financial Crimes, swiftly summoned the Managing Director of Binance, Richard Teng in a letter dated 12th December, 2023 and signed by its chairman, Hon. Ginger Onwusibe requesting a hearing on the 18th of December, 2023.

However instead of honouring the invitation, lawyers from Udo Udoma and Belo-Osagie appeared on their behalf.

Speaking at the hearing, the Chairman, House Committee on Financial Crimes, Hon. Ginger Onwusibe described the appearance of lawyers from Udo Udoma and Belo-Osagie Chambers a as despicable and unprofessional stressing that the National Assembly is not a law court.

The chairman therefore walked Udo Udoma and Belo-Osagie out and directed that the company be given another date to appear.

A source at the National Assembly diclosed that, “to say we are disappointed with the infantile, treacherous, demeaning and insensitive treatment meted on the National Assembly by Udo Udoma and Belo-Osagie is an understatement. By conniving with an illegal entity clearly operating at variance with existing laws and risking the Nigerian economy, the firm has shown that its loyalty is not with the country and its laws but to their pocket and selfish desires even if it means disrespecting the legislature. A case unfolding like the P&ID scandal.

By disgracefully walking Udo Udoma and Belo-Osagie out of the hallowed Chambers of the National Assembly and venue of the scheduled meeting by the House Committee on Financial Crimes, the leadership of the National Assembly and indeed that Committee has shown that there is no room for crooks who are not worth their credentials and the trust bestowed on them. Udo Udoma and Belo-Osagie should stop embarrassing itself and allow the needful to be done rather than protect illegality”.

Commenting on the outcome of the committee sitting, the National Coordinator of Empowerment for Unemployed Youth Initiative, Amb. Solomon Adodo, the National Coordinator of the Niger Delta Youth Council, Chief (Engr.) Jator Abido, on behalf of other partners, expressed their deep seated disappointment with the lawyers from Udo Udoma and Belo-Osagie Chambers and wondered why a knowledgeable law firm could have the effrontery to treat the hallowed Chambers of the National Assembly with such disdain capable of bringing shame and ridicule on the House.

The group insisted that Binance Holdings Ltd must explain to the National Assembly and Nigerians the status of their operations in Nigeria by physically appearing before the House Committee on Financial Crimes with the relevant documents requested of them rather than enlisting the services of lawyers who have chosen the unprecedented route to promote gross ineptitude and primitive accumulation without any iota of patriotic commitment to the fatherland.

“Binance Holdings LTD. has a case to answer and they must avail themselves to the nation’s legitimate authority. You cannot be operating in the country and think you can disregard the laws of that country. Those beating the drums of disobedience to foreign firms whose operations threatens national security and economic stability must think twice. We are well within our mandate as civil societies and must continue to act as watchdogs to safeguard the economy and governance structure in the country. Those who are in bed with enemies of the country should know that their time is up”, the statement warned.

The groups equally cautioned Mr. Richard Teng, the Chief Executive Officer (CEO) of Binance Holdings LTD. to desist from acts capable of earning him a warrant of arrest from InterPol and the possible freezing of the assets of Binance, adding that, “crimes such as money laundering, investments and securities fraud, tax evasion and failure to comply with regulatory frameworks are crimes of national security dimension whose punishments are stiff. There will be no hiding place when the law finally catches up with Binance.

The group finally urged unsuspecting Nigerians to distance themselves from Binance.com whose “operation of a virtual asset platform targeting Nigeria (including the country’s cyber space) and onboarding Nigerians, without due registration violates the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022, Securities and Exchange Commission (SEC) and Federal Inland Revenue Service (FIRS) in the country respectively. Nigerians should therefore not fall victim to such fraud or even enable it”.

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Defence/Security

Banditry: Rep member condemns attack on Kwara community

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Stephen Olufemi Oni, Ilorin

The Member representing Ekiti/Isin/Irepodun/Oke-Ero Federal Constituency in the National Assembly, Hon. Raheem Tunji Olawuyi Ajuloopin, has strongly condemned the recent attack in Idofin Odo-Ashe, Oke-Ero Local Government Area of Kwara State, describing it as a cowardly act that seeks to disrupt the peace and stability of the community.

Hon. Ajuloopin, in a statement personally signed by him, expressed deep concern over the unfortunate incident and sympathised with the victims, their families, and the entire community affected by the dastardly attack, emphasising that acts of violence have no place in a civilised society, and therefore urged security agencies to intensify efforts in bringing the perpetrators to justice.

While commending the swift response of both the federal and Kwara State governments, as well as the security agencies and local vigilante groups, the lawmaker reiterated that the fight against insecurity requires collective responsibility, calling on traditional rulers, community leaders, and residents to remain vigilant and cooperate fully with security operatives by providing timely and credible information.

“Security is everyone’s business. We cannot afford to leave the safety of our communities solely to government agencies. Every citizen must be actively involved in safeguarding our environment and ensuring that peace prevails,” Hon. Ajuloopin admonished.

He reaffirmed his commitment to continued collaboration with relevant authorities to ensure that lasting peace in all parts of Kwara South and beyond.

Hon. Ajuloopin also appealed for calm, assuring that both the federal and state governments are working tirelessly to address the root causes of insecurity and prevent future occurrences.

End

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Governor Namadi Attends High profile Ministerial Meeting On Self-Sufficiency In Cairo

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From Hassan Taiye

Governor Umar Namadi is currently in Cairo,Arab Republic of Egypt, attending the Third High-Level Ministerial Meeting on Rice Self-Sufficiency, holding from October 7th to 9th, 2025, in Cairo and Sakha.

The meeting, themed “Towards Rice-Based Agri-Food Systems Transformation and Delivering on Rice Self-Sufficiency through Peer-to-Peer Learning: The Case of the Arab Republic of Egypt,” is jointly organized by the Egyptian Ministry of Agriculture and Land Reclamation, AfricaRice, the Arab Organization for Agricultural Development (AOAD), and other key continental partners.

This high-level gathering brings together African Ministers of Agriculture, State Governors, and agricultural leaders to share practical experiences on achieving rice self-sufficiency and agricultural transformation.

The event will showcase Egypt’s remarkable progress in achieving rice self-sufficiency despite its limited water and land resources, offering valuable lessons adaptable to other African contexts.
Namadi is participating alongside top policymakers, agricultural experts, and private sector players from across Africa to discuss innovations, policy reforms, and strategic investments aimed at strengthening food security and transforming the agricultural sector on the continent.

Over the three-day programme, delegates will engage in high-level ministerial sessions, technical discussions, and a field visit to Egypt’s renowned Rice Research and Training Centre (RRTC) in Sakha.

During the visit, participants will interact directly with Egyptian scientists and farmers to learn about the country’s advancements in high-yield rice varieties, efficient irrigation systems, and modern post-harvest technologies.

Jigawa State’s participation in this important forum underscores the state’s commitment to agricultural transformation, food self-sufficiency, and consolidating Jigawa’s position as one of Nigeria’s leading hubs for rice production and agribusiness development.

The meeting is expected to conclude with a Ministerial Declaration setting a continental roadmap for achieving rice self-sufficiency through collaborative research, policy coordination, and targeted investment across the rice value chain.

Governor Namadi is accompanied by senior officials from the Jigawa State Ministry of Agriculture and related agencies.

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There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

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By: Fabian Apechihin

Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.

Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.

Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”

Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.

“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.

She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.

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