CBN Boosts Foreign Reserves with Indigenous Gold as Holdings Hit $3.5bn Cardoso urges policy reforms to unlock Nigeria’s mining potential Senate moves to make apex bank lead fintech regulator, orders crackdown on ponzi schemes James Emejo, Sunday Aborisade in Abuja , and Nume Ekeghe in Lagos
The Central Bank of Nigeria (CBN) has bolstered its foreign reserves with the addition of responsibly sourced gold refined to London
Bullion Market Association (LBMA) Good Delivery standards, bringing total gold holdings to $3.5 billion. This comes as the Senate
yesterday moved to reposition the CBN as the coordinating authority for the regulation of Nigeria’s fast-expanding fintech
ecosystem, while simultaneously demanding tougher legislative and enforcement measures to stem the rising tide of Ponzi schemes across
the country. The foreign reserves move underscores the central bank’s Continued on page 10
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Tinubu, Jonathan Rejoice with Former President Obasanjo at 89... Page 33
Disu Sworn in as 23rd IGP, Declares State Police Has Now Come to Stay Inaugurates steering committee on state police Says there’ll be zero tolerance for abuse of authority, misconduct, partisanship
Deji Elumoye, Adedayo Akinwale and Linus Aleke in Abuja
Newly appointed Inspector-General of Police (IGP), Olatunji Disu, was sworn in yesterday as Nige-ria’s 23rd
substantive IGP. President Bola Tinubu administered the oath of office on Disu
during a short afternoon ceremony at State House, Abuja, with a charge to go out and work.
Disu, who was recently appointed by Tinubu, declared shortly after his swearing that the long touted
multi-level policing system, otherwise Continued on page 10
Security Forces Lock Down Abuja Amid Escalating US-Israel, Iran War US Embassy cancels visa appointments in FCT Iran defers Khamenei’s farewell, Israel threatens to kill successor Goldman sees oil price at $100/barrel Islamic body cautions against friction Iran reports 1,045 deaths Hegseth: Mastermind of assassination plot against Trump killed
Emmanuel Addeh, Wale Ajimotokan, Michael Olugbode in Abuja and Segun James in Lagos On day five of the escalating war between the United States, Israel and Iran, security forces yesterday
mounted a heavy presence across strategic locations in Abuja, triggering heightened vigilance in the Federal Capital Territory (FCT) amid fears of possible spillover risks. Continued on page 10
TUNJI DISU SWORN IN AS IGP...
The newly appointed Inspector-General of Police, Mr. Tunji Disu, being congratulated by President Bola Ahmed Tinubu PHOTO: GODWIN OMOIGUI. after his swearing-in ceremony at the Presidential Villa, Abuja, yesterday