
Admin
[OPINION] Shyngle Wigwe: the burden of a grandfather ‘’A good man leaves an inheritance to his children’’ – Prov. 13:22 - Biodun Bello
At over 90, this is not how Pastor Shyngle Wigwe had planned to spend the last few years of his long life. For the last 30 years, he’s been living a good life in a peaceful retirement, enjoying the support and benevolence of his industrious and wealthy second son, Herbert, and his other children. But the tragic death of Herbert, together with his wife and son in a helicopter crash in California last year, has not only upended Pa Wigwe’s life in retirement, but has also set him on an embarrassing course of action. By instituting a legal action against his granddaughter in a Lagos High Court and seeking unlimited access to the assets of the deceased son, Pa Wigwe is giving a wrong impression of himself. The optics just doesn’t look good and the general comments out there is ‘’what could this old man be looking for at his age?’’. The unfavourable judgment handed him by the court should be enough reason for him to retrace his steps. In the suit filed by Pa Wigwe and Christian Wigwe as the claimants; and Uche Wigwe; Aigboje Aig-Imoukhuede and Otutochi Wigwe as defendants, the claimant sought the court to appoint Pa Wigwe; Otutochi Wigwe and some companies as interim administrators for the son’s estate; appoint Pa Wigwe interim guardian to Herbert’s minor children and order Access Bank; Coronation Merchant Bank and United Securities to release the details of Herbert’s wealth to him.
The court, in its judgment delivered last week, turned down Pa Wigwe’s request, but in the court of public opinion, Nigerians are unanimous in querying the real intentions of the old man. Is Pa Wigwe being nudged on by his other children as is widely assumed? What are they up to? The true intentions of Pa Wigwe could be gleaned from the claimants’ affidavit filed in court to support their case which alleges that the Will left behind by the deceased is only meant to administer the deceased property in Florida, USA, and has no application to the properties in Nigeria. The affidavit also claimed that Aig-Imokhuede has ‘’a strong influence on Uche Wigwe who is the sole Representative of the Will’’; and as the sole trustee as well as business partner of the deceased, Aig-Imoukhuede ‘’does not have the interest of the minors at heart and his position will conflict with the deceased’s position’’. The affidavit further requests the Court to appoint Pa Wigwe and some professional property managers to manage the estate of the deceased. In other words, Pa Wigwe is not only questioning the validity of his son’s Will, he also wants to be in charge of the minor children and the estate of his deceased son. Clearly, this is too much responsibility for a 90-year-old man to ask for.
In their affidavit, the defendants stated that Otutochi had already been ‘’granted legal guardianship of the minors of the estate in a Family Court and is representing them in this suit’’; and that she and Aig-Imoukhuede do not want to be joined as the interim administrator of the estate. The defendants further argued that since Pa Wigwe is the grandfather of the minor children, he does not need a Court Order to see the minors and provide moral counseling to them. He has the right to see them anytime without a court order. They added that Herbert left behind only one Will and that is applicable to all his properties at home and abroad.
It is notable that the Court had in its ruling dismissed all the reliefs sought by the claimants; meaning that Pa Wigwe and others have not been appointed interim administrator by the Court and Access Bank, Coronation Merchant Bank and United Securities have not been ordered to make any disclosures on Herbert’s wealth. But there are a few lessons and questions to ponder. Why were Pa Wigwe and his children excluded from Herbert’s Will? It’s probably because Herbert did not ever imagine that he would die before his aged parents and most likely that his relationships with his siblings were very frosty while he was alive. In fact, those who attended Herbert’s funeral service at the ballroom of Eko Hotel, Victoria Island, Lagos, last March were puzzled, if not embarrassed, at some of the nasty remarks made by some of the siblings about their deceased brother at the event. Such an open display of bile, ill feeling and ill will towards the dead from his siblings is not a natural occurrence; it’s all the more unnatural for the same set of people to turn around and jostle for the wealth of the dead man. But that’s morality. Legally speaking, Pa Wigwe and his children are not included in Herbert’s Will and they do not have any business going after whatever Herbert left behind. His Will should be obeyed. The Will made Uche Wigwe, the executioner of the Will and appointed Aig-Imoukhuede into a Trust that he should set up and chair; and this Trust would handle his affairs on behalf of his children. In the Will, Aig-Imoukhuede was also appointed the legal custodian of the children, and this much he said at Herbert’s memorial service on Sunday, February 9. Even then, the trustee and the executioner have pledged to use their discretion and sense of compassion to accommodate Herbert’s father and the rest of the family in the scheme of things.
And herein lies the burden of Pa Wigwe at this very difficult moment of his last years on earth. He has lost his beloved son; grandson and daughter-in-law in such a tragic circumstance. He should allow himself some peace of mind and space to bring the family together and bless the grandchildren. The number one duty of every grandparent is to gather the family together, bless the children and grandchildren and prepare to go back to his Maker. By the way, the old man should also perfect his own Will.
[OPINION] The Body Of Inevitable Knowledge - Abdu Rafiu
Systems, practices and cultures of different peoples are observed and documented to form a body of knowledge. So is the behaviour of man under different circumstances and environments, be it in politics, or economic pursuits. Reports of such behavioral studies abound. If we consider that we cannot see far and we cannot see everything within the range of our sight, vision and perception, we will become persuaded that what is left unseen or perceived can someday constitute a different body of knowledge. Meanwhile, what is considered knowledge is documented and stored as material for learning so that knowledge can become widespread. What is learned thus becomes different from what is known, that is that which knowledge is. If what is learned is not internalized, that is digested and made one’s own it disappears from memory. But that which is knowledge is permanent with him who knows it, who has experienced it. This is saying that there may be a gap between what is learnt and that which is known, that which is knowledge. Learning may thus be defined as familiarization with or study of knowledge. And knowledge is the experience of a person which gives him recognition. Knowledge can thus be said to be familiarization with or study of recognition of others, recognition which could be profound or merely exciting.
So as I was saying last week, learning can be imparted to a person at a very early age. A child of three, depending on exposure of his parents can be introduced to learning, but at a much younger age to knowledge. A child of eight months knows that, although fire is beautiful, the tongue that billows is attractive; it could inflict harm and pain. It burns. The child carries that knowledge for life. Knowledge and learning are documented in books and are passed for knowledge for all ages. If we accept that knowledge is derived from experience which gives us recognitions, which recognitions are documented to be learned, it follows that our knowledge can only go as far as the depth of our experiences and the range of our perceptions and recognitions.
As there are problems in the economy, politics and social relationships, the signals are that our knowledge is limited and shallow. A limited knowledge needs to be widened and deepened. The vital knowledge of how and why we as human beings can and should live in peace and harmony with our fellowmen is lacking. Our knowledge of nation-building and international relations is deficient. The result has been that there are wars and the possibility of more wars rises by the day—the Russian-Ukraine war despite the scale of mindless destruction remains irresolvable. No party is backing down in the Israeli-Hamas bitter war. Turn to the Congo. Go in the direction of Sudan it is the same story. War merchants are prowling in the dark alleys; they are prowling in the shadows in the wee hours of the day.
Of what use is all that is paraded as human knowledge if so much problem defying solutions are still confronting mankind? If all that our knowledge for which many lives have been sacrificed and are still being wasted, has produced are the labyrinth of chaos and confusion; the knowledge that has made the world unsafe. It is a great indictment that rather than be a blessing man has been the cause of chaos and confusion that have engulfed our world.
Thus, the knowledge we human beings need greatly and urgently today must be that which reveals how we are to live with our neighbours and how to perfect international relations. It must be the knowledge that reveals the truths of life and existence and their inherent immutable principles. We have been made to be aware that given our limitations, human beings cannot have this knowledge without help.
Long before we sank this deep we had always been afforded help to guide us to true knowledge. As pupils and wanderers in Creation, we human beings need to be taught and guided. We need to be guided. We need to be familiar with how Creation works and the place of creatures that we are in it, our tasks and responsibilities.
The import of that need is driven home with greater impact when man first has knowledge of himself. Who is man? How is he to wander in this world? What are the gifts of Nature placed at his disposal on his path? What is the purpose of his sojourn in this deep valley of matter? The knowledge of Creation and how it works then enables us to be conscious of whether the purpose of that sojourn is being met. How are we to wander on earth without coming to harm?
There are pains; there are tribulations in all parts of the world. The fear of escalating global distress is raised with the emergence of Mr. Donald Trump, his pronouncements and actions. Washington Post had this to say about him: “The President-elect has a record of stepping on his own sunny promises of optimism with darkness and division”. That was before he was sworn in as the 47th President of the United States. He lived up to this billing when on Tuesday he called Ukraine President, Volodymyr Zelensky a dictator to which the latter said in response: “Unfortunately, President Trump – I have great respect for him as a leader of a nation that we have great respect for, the American people who always support us – unfortunately lives in this disinformation space.”
The deficiency in knowledge can only be remedied and covered through total wholesome knowledge. This immeasurable knowledge cannot be found in man for our needs and the needs for all time; what we urgently require is true knowledge. Thus true knowledge is truth itself. Because Truth can only be found beyond man for it is eternal, perfect and consistent, not subject to any alteration, to war or revolution or ideas of men, attributes man does not have, so can true knowledge be found beyond him. It is beyond his calculations or avarice. It is incorruptible. In other words true knowledge can only come from Above. Now we are in the Age of knowledge that gives explanation for all happenings.
Dr. Stephen Lampe says in his great book, The Primordial Laws of Creation, “On account of the Law of Movement, it should be expected that revelations from the Creator would be progressive. Therefore, we should expect new knowledge and new revelations which advance older teachings at critical periods in the development of Creation. Without new revelations, there would be stagnation and retrogression and advancement to the next higher level of spirituality and consequently of civilization would be impossible.”
As I stated last week, if we accept that there is life in the non-physical, we must also accept that beings in the non-physical have knowledge. Does knowledge gained here end with a person’s demise on earth? If the answer is in the negative, it is logical to appreciate the fact that human beings in higher planes, in the Light Region or Paradise must carry higher and richer knowledge. If any of them were to be sent to the earth, it must follow that he will come with higher and richer knowledge. We must by now have been familiar with accounts of such blessed ones among various peoples in different communities and at different times—the Prophets of Old, the Teachers of mankind and so on.
It stands to reason that the Lord Christ and the prophesied Son of Man Who is to appear in these times of chaos and perplexities will bear all the knowledge, indeed complete knowledge, coming from the Highest Heights, being parts of the Almighty in Whom the Father works and They work in the Father as Love and Justice. And so the Lord Christ said “…whatever the Father does the Son does.” Any wonder, therefore, the statements of the Lord are so unfathomably deep that Scribes and Pharisees, His hearers in general, said aloud: “Where did this Man get this wisdom from and these miraculous powers? Isn’t this the carpenter’s son? Isn’t His mother Mary, and aren’t his brothers James, Joseph, Simon…?” (Matthew 13: 54-55).
So, it is said about the Son of Man in the great Work, “In the Light of Truth” The Grail Message by Abd-ru-shin: “Ever since the crime committed against the Son of God, the Bringer of Truth, Jesus of Nazareth, the fact that men did not recognise this most important prophecy has lain like a curse upon mankind, and even today they stand before it unsuspectingly as if their eyes were closely blindfolded! The terrible consequence will be that a great part of mankind will stumble on towards destruction, past the only possibility of saving themselves from being cast out.
“This is the prophecy of the Coming of the Son of Man, which the Son of God held forth as a star of hope and also as a serious warning in the face of the constant attacks upon Him by the masses, who through their subservience to the Darkness naturally hated the Bringer of Truth.”
The Message states further: “Jesus spoke of the Coming of the Son of Man as the last possibility of salvation, and also pointed out that with his Coming the Judgment would commence. Therefore those who are still not willing or, to express it differently, those who are too stiff-necked or too indolent to be prepared to accept enlightenment would be irretrievably cast out! From this the conclusion is to be drawn that there will be no further opportunity for consideration and decision. This undoubtedly contains the announcement of great tribulation which will bring to an end a period of patient forbearance. This in turn indicates the impending struggle of the Light against all darkness which must end with violent destruction of darkness!”
Proofs of the point that men come with knowledge gained in centuries of their wanderings in different planes of the world abound around us. We may also ask, for example, what explains the phenomenon of prodigies in different communities. Exactly a year ago, 20 February, 2024, an eight-year-old boy, Ashwath Kaushik, was reported to have beaten a grandmaster, 37, from Poland at a chess tournament in Switzerland. There may be others who may not be prodigies but who strike us in a certain way. Take Wole Soyinka, Chinua Achebe or Mr. Buffet. I have said before, treating this subject that we may ask who taught Aliko Dangote business—the university he went in Egypt? Or the super rich recluse, Michael Adenuga or Femi Otedola, Michael Ade-Ojo or Mrs. Alakija? Take the financial tigers Jim Ovia, Tony Elumelu, Atedo Peterside or Fola Adeola. They were young when I first wrote drawing attention to them in 1993, so I called them young financial tigers. Before them there was the class of Adeola Odutola, Ugochukwu, Michael Ibru, Mobolaji Bank-Anthony, Nathaniel Idowu, Lawrence Omole, Wahab Folawiyo and Dantata. What of men of profound thoughts and deep insights of ages past we are quick to quote? Daniel Swarovski says in his priceless book, The Time is Ripe: “what some regard as a special gift or talent, is in my opinion, the fruit of long experiences gathered in many lives.” Many will remember one of such prodigies who began to compose music before he was 12 years and Johann Bummel who in fact gave public concert at the age of 11. There was the publicised case of a little boy in the East a long time ago who was a preacher and who held his audience spell-bound. Are we going to be surprised when Soyinka goes and comes back he begins to write and stage plays from the age of three years and Achebe turning out his first novel at five? There are talents, Bongos Ikwue, Dan Marayah Jos of Ibrahim and Abraham fame during the civil war, trying to broker peace with his music!
Knowledge lies only in experiencing. Some grain of this truth has been sensed and made to reflect in the saying: “Experience is the best teacher.” All knowledge can arise only out of Truth and we human beings were permitted splitting of this Truth until Christ the Truth and Life Himself descended to our world and in these times, the Age of Knowledge, the Age of the Son of Man promised by the Lord Who is to bring to our remembrance all that Christ had taught us and is to lead mankind to all truths, thus giving the world the secret of Creation. The knowledge so brought is to be absorbed and experienced so it can be internalized by us human beings to make it our own. This knowledge is all and total, overseeing all and it answers all questions of life and existence. And being Rays of the Truth that is Light it awakens and nourishes the spirit. Plants serve to nourish our body, but the Word of Truth is the food of the spirit. Given the chaos and confusion in our world today, and the collapse that is so self-evident in every part of the globe today, total knowledge is imperative.
Bitcoin surpasses $98,000 as cryptocurrency market experiences mixed trends
The cryptocurrency market experienced mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 threshold while Ethereum (ETH) and Solana (SOL) posted modest gains.
The total global crypto market capitalization stood at $3.23 trillion, marking a nearly 1% rise from the previous day.
Meanwhile, total market volume surged by 8% to $90.13 billion, indicating heightened trading activity across digital assets.
Despite the overall uptrend, XRP faced downward pressure, losing nearly 2% in the past 24 hours. The latest data highlights increased volatility in altcoins as Bitcoin’s dominance climbed to 60.31%, reflecting investor preference for the leading cryptocurrency amid fluctuating market sentiment.
Bitcoin’s price climbed over 1% in the last 24 hours, trading at $98,388. The flagship cryptocurrency recorded an intraday low of $96,805.78 and a high of $98,767.19. The steady uptrend continues to fuel speculation about Bitcoin’s potential to breach the psychologically significant $100,000 mark.
Bitcoin dominance
Data shows that Bitcoin’s dominance in the crypto market increased by 0.23%, reaching 60.31%, suggesting that investors are seeking refuge in Bitcoin amid growing uncertainty in the altcoin sector. If the momentum persists, BTC could soon test new highs, attracting further institutional interest.
- Ethereum’s price saw a marginal rise of 0.2%, settling at $2,748, with a 24-hour range fluctuating between $2,708.22 and $2,770.03. Ethereum’s dominance slipped to 10.25%, indicating weaker investor enthusiasm compared to Bitcoin.
- Key resistance remains at $2,800, and a breakout above this level could drive further upward movement.
- Solana (SOL) experienced a modest 0.5% increase, currently trading at $174.55. The coin’s intraday low stood at $170.99, while its high reached $176.59.
Broader market sentiment continues to influence SOL’s price action, with traders closely watching for signs of a breakout or consolidation.
What you should know
XRP’s price fell by over 2% in the past 24 hours, slipping to $2.65. The token reached an intraday low of $2.64 and a high of $2.74.
- Despite the decline, expectations for an XRP exchange-traded fund (ETF) gained traction as Grayscale’s application entered the US Securities and Exchange Commission’s (SEC) review process.
- The possibility of an XRP ETF approval could significantly impact the token’s price trajectory, potentially reversing its recent losses. However, with regulatory uncertainty still looming, XRP remains susceptible to market fluctuations.
- Among meme cryptocurrencies, Dogecoin (DOGE) declined by 1.5% to $0.253, while Shiba Inu (SHIB) fell by 0.5% to $0.00001552. Meanwhile, Pepe Coin (PEPE) gained over 1% to $0.000009722, and FLOKI recorded a 3% increase, trading at $0.00009888.
With volatility persisting across the broader crypto market, investors are closely monitoring price movements and regulatory developments that could shape future trends.
[Nairametrics]
President Tinubu Approves Relocation Of 29 Correctional Centres
President Bola Tinubu has given approval for the relocation of 29 Correctional Centres from urban areas to other locations.
This development was made known on Friday by the Minister of Interior, Olubunmi Tunji-Ojo during a press conference in Abuja.
Details later…
[NaijaNews]
Trump backs Congressman Byron Donalds for Florida governor
Ahead of the 2026 governorship election in Florida, the US President, Donald Trump on Thursday publicly declared his support for Republican Rep. Byron Donalds.
Although Donalds is yet to announce his interest in the race, Trump took to his page on Truth Social on Thursday to support the lawmaker.
According to Trump, as “governor, Byron would have a BIG Voice and would work closely with me to advance our America First Agenda.”
The US President stated that he has seen Donalds “tested at the highest most difficult levels, and he is a total winner”!
“Byron Donalds would be a truly Great and Powerful Governor for Florida and, should he decide to run, will have my Complete and Total Endorsement”, Trump added in his post.
ABC news reports that while no major candidate has formally declared their intention to run for governor in 2026, both Donalds and current First Lady of Florida, Casey DeSantis have been viewed as potential frontrunners.
[DailyPost]
Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele
The Federal High Court in Lagos has ordered the final forfeiture of $4.7 million, N830 million, and multiple properties linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.
Delivering judgment on Friday, Justice Yellim Bogoro granted the forfeiture request filed by the Economic and Financial Crimes Commission (EFCC), represented by counsel Bilkisu Buhari-Bala. This ruling followed the court’s earlier dismissal of an application seeking to halt the judgment.
The funds, now forfeited to the federal government, were held in First Bank, Titan Bank, and Zenith Bank accounts managed by individuals and entities including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.
Properties affected by the interim forfeiture include 94 units of an 11-floor building under construction at 2 Otunba Elegushi 2nd Avenue, Ikoyi, Lagos; AM Plaza, an 11-floor office space on Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1 on Esa Street, Imoore Land, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro, Owolomi Village, Ibeju-Lekki LGA, Lagos; and two properties purchased from Chevron Nigeria, located in Lakes Estate, Lekki, Lagos.
Additional properties include a plot at Lekki Foreshore Estate Scheme, Foreshore Estate, Eti-Osa, LGA; an estate at 100 Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; land at 1 Bunmi Owulude Street, Lekki Phase 1, Lagos; and a property at 8 Bayo Kuku Road, Ikoyi, Lagos.
Justice Bogoro held that all these properties and funds are proceeds of unlawful activities which are bound to be forfeited to the Federal Government of Nigeria.
The judge held: “I find that the activities of the respondents here were unlawful. Why should they have a problem of dollars immediately Godwin Emefiele left CBN as a governor of the Bank and salary could not be made?
“I hold that they are not legitimate business activities.
“I hold that Anita Omoile is a close crony of the former CBN governor Godwin Emefiele who has been given undue influence to unlawfully sway dollars from CBN.
“Consequently, I find that all the monies and properties in the schedule are finally forfeited to the Federal Government of Nigeria.”
The EFCC through its counsel Rotimi Oyedepo SAN had cited Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 44(2)(b) of the Nigerian Constitution in its application, seeking an interim forfeiture on the grounds that the funds and properties were suspected to be proceeds of unlawful activities.
Justice Bogoro, finding merit in the EFCC’s application, ordered the interim forfeiture and mandated the publication of the order in a national newspaper.
Following the failure of the defendants or anyone else to prove that the funds legitimately belonged to them, the judge then made the interim order permanent.
Today’s order is another testament to the EFCC’s commendable assets recovery and anti-corruption efforts under its Executive Chairman Mr Ola Olukoyede.
[TheNation]
[FULL LIST] UEL: Man United face Real Sociedad, Roma battle Athletic Club in last 16 draw
The UEFA Europa League knockout stage draw has been finalised, setting up thrilling matchups as top European clubs, including AS Roma, Manchester United, and Tottenham Hotspur, compete for the title.
In the Round of 16, AS Roma will go head-to-head with Athletic Club in a tough contest.
Manchester United, aiming for European success, will face Real Sociedad in what promises to be a thrilling encounter.
Tottenham Hotspur, another strong contender, will take on Dutch side AZ Alkmaar.
Other fixtures see Lazio drawn against Viktoria Plzeň, while Ajax will clash with Eintracht Frankfurt.
Norwegian club Bodø/Glimt is set to battle Olympiacos, while Sporting CP faces Rangers in a high-stakes contest. Lyon will take on FCSB, completing the exciting round of fixtures.
With a challenging path ahead, the remaining teams will look to advance to the quarter-finals and move one step closer to lifting the trophy.
See full list
None of the 31 proposal to create new states met requirements – Deputy Speaker
…says over 200 bills for amendments to 1999 Constitution were received.
The Chairman of the House of Representatives Committee on Constitution Review, Hon Benjamin Kalu, has said that none of the proposals received for the creation of 31 new states met the constitutional requirements.
This is also as the deputy speaker also revealed that the parliament has received over 200 bills seeking the alterations of the 1999 Constitution of Nigeria (as emended).
Kalu made the revelation Friday at the commencement of a 2-day retreat for members of the constitution review committee of the House holding at Ikot Ekpene, Akwa Ibom State.
The Deputy Speaker, who is also the Chairman of the Committee, said that the bills reflect the collective commitment to refining governance in Nigeria, with some of them progressing to the second reading stage and others remaining at the first reading at the moment.
The committee’s objectives for the retreat included reviewing bills, incorporating input from consultants, familiarising members with bill contents, prioritising bills based on national interest, and preparing for zonal public hearings and a joint/harmonisation meeting with the Senate.
The bills, already categorised into thematic areas, are aimed at addressing a wide range of issues, including federal structure and power devolution, local government autonomy, public revenue, fiscal federation, revenue allocation, and electoral reforms.
Kalu said: “Distinguished colleagues, currently we have 151 House bills before us. But I’m sure these numbers are the last count before the recent additions. My office has been told that there are about 250 constitutional amendment bills that will pass through the House for this committee.
“This bill reflects our collective commitment to refining governance in Nigeria. While some have progressed to the second reading stage, others remain at the first reading stage. But it is our intention that by the time we are done with our conversation during this retreat, we progress those bills at the first reading stage for them to be given expedited hearing.
“The compilation process has revealed instances of duplication—whether by sponsors or overlapping subject matters.
“This necessitates meticulous harmonisation to streamline efforts and eliminate redundancy. To aid our analysis, bills have been categorised into thematic areas, and our consultants have conducted thorough reviews, offering insights to guide prioritisation.
“The thematic areas include: Federal Structure and Power Devolution, Local Government/Local Government Autonomy, Public Revenue, Fiscal Federation, Revenue Allocation, Nigerian Police and Nigerian Security Architecture, Comprehensive Judicial Reforms, Electoral Reforms, Gender Issues, Human Rights, and State Creation”.
Kalu also said that the committee has received 31 requests for state creation.
He, however, said that none of the applications met the constitutional requirements, prompting an extension of the submission deadline to March 5, 2025, to enable the applicants to fulfil the relevant provisions.
“Although we received 31 requests for state creation, none of the requests met the requirements. Thus, we have since extended the submission to the 5th of March 2025”, Kalu said.
The Deputy Speaker also announced that a situation room will be opened to collate and address other concerns of Nigerians in the course of the constitution amendment process, urging the lawmakers to ensure that the people are carried along.
He said: “Unlike before, let me announce that we will partner with PLAC to open a situation room. A situation room that will be there to take and monitor the operations of the various other engagements. Questions you cannot address, the Secretariat will move those questions to the situation room where some of us will be having access to address all concerns. This situation room will also ensure that we publish all the engagements.
“Today’s retreat offers an opportunity to engage deeply with these bills and prepare for stakeholder consultations nationwide. As legislators, we must ensure the voices of Nigerians are reflected in our constitutional reforms. As we deliberate, I urge you to approach this task with diligence, objectivity, and patriotism. The success of this review process hinges on our collective dedication to national progress.”
Kalu added that the committee will soon embark on zonal public hearings within the 6 geopolitical zones of the country.
[Vanguard]
DeepSeek to share some AI model code, doubling down on open source
Crypto scams likely hit a new record in 2024, driven by ‘pig butchering’ and AI, says Chainalysis
- A report by Chainalysis released Thursday estimated that cryptocurrency scams amounted to $9.9 billion in 2024, with that figure likely to be revised higher.
- Revenue from “pig butchering,” a type of romance and investment scam, grew nearly 40% year over year.
- Scammers are using generative AI technology to facilitate crypto scams, which often entails scammers using the tech to impersonate others or generate realistic content.
Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, blockchain research firm Chainalysis warns.
In a report released Thursday, the firm said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates. It predicts 2024′s figure to grow to a record of $12.4 billion as Chainalysis identifies more scam wallets.
Chainalysis added that its yearly estimates of scam activity have risen by an average of 24% between annual reporting periods since 2020.
According to its 2024 report, a leading reason for the uptick in scam revenue was an increase in the prevalence of romance scams, commonly known as “pig butchering.”
Pig butchering is a type of investing or romance scam in which a fraudster builds relationships with victims via social media or dating apps, intending to con them out of money through a sham investment opportunity.
The name “pig butchering” comes from the idea that scammers must first “fatten up” the victims with flattery and fabricated bonds before “butchering,” or stealing their money.
More victims sent to slaughter
In 2024, pig butchering revenue grew nearly 40% year over year, with the number of deposits to pig butchering scams growing nearly 210% over the same period, according to Chainalysis.
The firm said that those differing growth rates indicated an expansion of the victim pool, prioritizing more victims in exchange for smaller payments.
While pig butchering scams predominantly originate from large scam compounds in Southeast Asia, there are signs that such scam centers have begun to become more geographically dispersed, the report stated.
Last December, Nigeria’s anti-graft agency announced the arrest of 792 people in a raid on a building, where the suspects were believed to be running romance scams that targeted people mostly from Europe and the Americas, according to Reuters.
Romance scams often rely on human trafficking victims to carry out fraud. An investigation by ProPublica in 2022 outlined how Chinese criminal syndicates were trafficking victims to centers in Cambodia, Laos and Myanmar, forcing them to perform cyberfraud under threat of violence.
While those scam compounds are often known for running pig butchering scams, they also act as havens for other types of frauds that can be carried out via the internet, according to Eric Heintz, a global analyst at International Justice Mission, who is cited in the Chainalysis report.
“It’s not uncommon to have multiple criminal groups operating within the same compound focusing on different scams,” he added.
Scam ecosystem ‘professionalizes’
The dynamic of multiple criminal groups operating within a compound has also materialized online through the creation of illicit crypto marketplaces and networks, according to Chainalysis.
Primarily, this trend has been driven by Huione Guarantee, an online forum and peer-to-peer marketplace Chainalysis says operates as a “one-stop-shop” for illicit actors looking to buy and sell scam technology, infrastructure and resources.
The Chinese-language platform is connected to Huione Group, a Cambodian conglomerate that offers legitimate services such as overseas remittances, insurance and, in the past, even luxury tourism offerings.
According to Chainalysis, Huione Guarantee’s activity on blockchains indicates that it’s heavily used to support the pig butchering industry and for illicit crypto-based trading of scam technology products and services.
One of the main services hosted on the platform is money laundering, which scammers use to conceal their illicit activity, according to Chainalysis data.
Meanwhile, some of the illicit products found on the site include targeted data lists, web hosting services, social media accounts and AI software. In 2024, Huione scam technology vendors received at least $375.9 million in cryptocurrency.
Since 2021, Huione Guarantee and vendors advertising through its platforms have processed $70 billion in crypto transactions.
“In short, Huione Guarantee has driven and enabled a scam ecosystem that is massive, growing, and interconnected,” the firm said in its report.
Huione Guarantee did not respond to a CNBC inquiry.
In a disclaimer on its website, the platform says it does not participate in or understand its customers’ specific businesses and is only responsible for guaranteeing payments between buyers and sellers, according to a CNBC translation of the Chinese-language statement.
Artificial intelligence facilitates scams
In 2024, some of the most successful vendors on the Huione platform were AI service providers, who saw revenue grow by 1,900% year over year, as per Chainalysis data.
This growth indicates an explosion in the use of generative AI technology to facilitate crypto scams, which often entails scammers using the tech to impersonate others or generate realistic content that fool victims into making phony investments.
Chainalysis’s report said there are dozens of software vendors hosted on Huione Guarantee that sell this type of scam AI software.
According to Elad Fouks, head of fraud products at Chainalysis and co-founder of fraud-detection app Alterya, who is quoted in the report, generative AI can be used to amplify and scale up crypto fraud and crimes.
“GenAI enables the generation of realistic fake content, including websites and listings, to power investment scams, purchase scams, and more, making these attacks more convincing and harder to detect,” Fouks said.
Some Huione vendors are even advertising “face-changing services” for $200 worth of cryptocurrency.
Since OpenAI’s ChatGPT launched in 2022 and saw its popularity grow, there have been a growing number of cases of large firms losing millions to deepfake scams. Such scams use generative AI to create synthetic and fake identities and voices that allow fraudsters to impersonate real people and bypass identity verification controls
Chainalysis says that the potential of AI technology to scale crypto scams exponentially further adds to the challenges associated with combating those crimes.
Tackling crypto scams at scale will require sustained efforts from government agencies, regulators and organizations, the firm said.
[CNBC]