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Biafra: BRGIE launches Biafracoin website for digital savings, wealth creation

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Biafra Republic Government In-Exile has officially launched its Biafracoin Cryptocurrency website for easy savings and wealth creation for Biafrans and other users.

The Prime Minister of BRGIE, Simon Ekpa, disclosed this in a statement on Thursday through his official X handle.

He added that with USBT, the Bank of Biafra offers a whopping 18 per cent interest on Biafracoin investment staking while other investments provide a rate as low as 5 per cent.

“As Nigeria’s economy drifting, the government has provided alternatives for Biafrans and others who wish to save their wealth and money through Biafracoin on https://usbt.bankofbiafra.org

“With USBT, the Bank of Biafra offered 18 per cent interest on Biafracoin investment staking while others offered as low as 5 per cent”, he stated.

The development comes barely three weeks after BRGIE unveiled the Biafracoin.

Biafracoin is a decentralized cryptocurrency platform for selling and staking USBT tokens; eligible users are 18 years and above.

See details FAQs and Terms & Conditions of Biafracoin 

Understanding Staking and Decentralized Finance at Biafra Buy/Stake Inc

What does Staking entail?

Staking within the realm of cryptocurrency involves the act of securing or immobilizing a designated quantity of tokens in a digital wallet to actively support the functionality and governance of a blockchain network. In exchange for their involvement, participants earn incentives, usually in the form of supplementary tokens. It parallels the concept of accruing interest in a conventional banking setting, albeit within the context of blockchain technology.

What Rewards Can I Obtain Through Staking with USBT?

With the USBT staking program, you can earn rewards on their staked tokens with our structured framework:

– After a 0-hours lockup period, you start receiving rewards based on the ROI at the time of your initial investment.

What Risks Should I Be Aware of When Staking?

Although staking presents opportunities for rewards, it’s essential to consider potential risks:

– Market Volatility: Fluctuations in token value due to market conditions may affect the final value of staked tokens, potentially resulting in gains or losses.

– Liquidity Concerns: Tokens committed to staking are not readily available for trading or liquidation, which could pose challenges if immediate access to funds is required.

– Smart Contract Vulnerabilities: Inherent to blockchain activities, smart contracts governing staking operations may contain bugs or vulnerabilities, exposing staked assets to potential risks.

Legal Disclaimer

Blockchain investments, including staking, are subject to high market risk. Biafra Buy/Stake Inc. does not guarantee any returns on staking investments. We advise our community members to exercise due diligence and caution and to invest responsibly within their financial limits.

What is Decentralized Finance (DeFi) ?

Decentralized Finance (DeFi) embodies a suite of financial services built atop blockchain technology, primarily leveraging Ethereum. These platforms facilitate lending, borrowing, trading, and yield farming of cryptocurrencies, eliminating the necessity for conventional financial intermediaries such as banks. DeFi endeavours to establish an inclusive, transparent, and accessible financial ecosystem.

Additional Points to Note:

– Network Support: Staking plays a pivotal role in upholding the integrity and security of the blockchain network. Your active involvement contributes to its overall robustness.

– Tax Considerations: Keep in mind that staking rewards might trigger tax obligations depending on your jurisdiction. Seek guidance from a tax professional for tailored advice.

– Educational Resources: We advocate for the utilization of educational materials to gain a comprehensive understanding of blockchain technology, staking mechanisms, and DeFi protocols.

Remember, your engagement in staking and DeFi transcends mere investment; it signifies a commitment to fostering a decentralized future. This aligns with the mission of Biafra Coin Inc. to empower communities through renewable energy solutions and equitable financial frameworks.

Terms and Conditions for Biafra Coin (USBT)

1 Introduction 

Welcome to Biafra Coin (USBT). These Terms and Conditions govern your use of our services and the sale, purchase, and staking of USBT tokens. By accessing our platform, you agree to comply with these terms.

2 Services Offered 

USBT provides a decentralized platform for the sale and staking of USBT tokens to support free energy research and offer decentralized financial services.

3 Eligibility 

To use our services, you must be at least 18 years old or of legal age in your jurisdiction and have the legal capacity to enter into a binding contract.

4 USBT Token Sale and Purchase 

Tokens are available for purchase during the public sale and subsequent periods as announced. The price of USBT tokens is subject to change based on market conditions.

5 Staking 

Users can stake USBT tokens to earn rewards. Staking terms vary, and rewards are based on the duration of staking.

6 User Responsibilities 

Users are responsible for the security of their own wallets and credentials. Users must comply with all applicable laws and regulations in their jurisdiction.

7 Risks 

Cryptocurrency investments carry inherent risks, including market volatility and regulatory changes. Users should perform their own due diligence and invest responsibly.

8 Intellectual Property 

All content, trademarks, logos, and service marks displayed on the platform are our property or the property of other third parties.

9 Disclaimer of Warranties 

Our services are provided “as is” without any warranties of any kind, either express or implied.

10 Limitation of Liability 

We shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of our services.

11 Indemnification 

Users agree to indemnify, defend, and hold harmless USBT and its affiliates, officers, agents, employees, and partners from any claim or demand, including reasonable attorneys’ fees.

12 Amendments to Terms 

We reserve the right to modify these terms at any time. Continued use of our services following such changes constitutes your acceptance of the new terms.

13 Governing Law 

These terms shall be governed by and construed in accordance with the laws of the jurisdiction in which USBT is registered.

14 Dispute Resolution 

Any disputes arising from these terms will be resolved through arbitration in accordance with the rules of the jurisdiction.

15 Contact Information 

For any inquiries or complaints regarding our services, please contact us through our official channels or through Biafracoin website.

Senate approves N549.6bn 2024 budget for NCC

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NCC

The Senate’s Communications Committee on Wednesday approved the Nigerian Communications Commission, NCC budget of N549.6 billion for 2024.

This was made known during a joint Senate and House of Representatives Committee on Communications session chaired by Senator Ikra Bilbis (Zamfara Central).

The committee members unanimously approved the NCC’s N549.6 billion budget proposal 2024 through voice votes, following a motion by Senator Tahir Monguno (Borno North) and subsequent ratification by committee chairman Senator Ikra Aliyu.

Accordingly, the committee scrutinized the performance of NCC’s 2023 budget as presented by the Executive Vice Chairman of the Commission, Aminu Maida.

The 2023 budget performance report showed an actual revenue of N448.1 billion against a projected budget of N559.080 billion, with total recurrent expenditure at N67.072 billion and capital expenditure at N3.6 billion.

Maida addressed inquiries from lawmakers on various topics such as security, revenue generation, data protection, and discrepancies found in the 2023 budget report of the NCC.

The EVC informed lawmakers that the NCC aims to avoid relying solely on operator sanctions for revenue generation and is implementing measures to facilitate operators’ compliance with regulatory directives.

He emphasized that NCC collaborates with national security agencies to create a platform for tracking criminals and addressing security challenges.

Senator Steve Karimi, in his remark, commended the NCC’s up-to-date and commendable report, stating that there were no discrepancies in the information provided.

Senator Ned Nwoko also highlighted Maida’s impressive credentials and urged him to enhance the operations of the Agency.

Lawmakers also praised the Government Owned Enterprise for prudent management of the 2023 revenue, capital, and recurrent expenditure.

 

 

 

 

Sexual Harassment Trial: Court Reserves Ruling on Motion to Release Ndifon’s Phones

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The Federal High Court sitting in Abuja has reserved a ruling on the motion asking for the court to release the telephones of Prof Cyril Ndifon to a purported National Computer Forensic Laboratory.

Ndifon, a suspended Dean of the Faculty of Law, University of Calabar, and Barrister Anyanwu are being tried by ICPC before Justice James Omotosho over alleged sexual misconduct and attempt to perverse the cause of justice contrary to sections 8, 18, and 19 of the Corrupt Practices and Other Related Offences Act, 2000 and Section 182 of the Penal Code Cap. 532 Laws of the Federal Capital Territory, Abuja, 2006.

At the resumed hearing on Tuesday, counsel to the two defendants, Joe Agi, SAN informed the court about the two motions the defendants/applicants filed before it. 

He held that given the nature of the motion dated and filed on the 15th of March, 2024, it should take precedence over the one filed on the 8th of March, 2024. 

The first motion filed on the 8th of March, 2024 hinged on the application for the release of the first defendant’s (Ndifon) phones to a purported National Computer Forensic Laboratory while the second motion, filed on the 15th of March, 2024 prayed that the amended charge against the defendants be dismissed on the ground that the prosecution counsel’s name “is not on the roll of legal practitioners in Nigeria”. 

He said, “It is our submission that where the issue of jurisdiction is raised in any proceedings, it takes precedence over any other motion particularly when it has to do with the integrity of the profession and administration of justice. The motion of 15th of March, 2024 has become a life wire and the motion of 8th of March, 2024 is not useful particularly when there’s no counter affidavit.

While responding, the counsel to the ICPC, Dr. Osuobeni Ekoi Akponimisingha told the court that the motion filed by the defendants/applicants on the 15th of March, 2024 was not ripe for hearing whether it has precedent or not on the one filed on 8th of March, 2024.

“The prosecution was served with a motion dated 15th day of March 2024 on Friday at about 4:09 pm after the close of work. This motion is not ripe, whether it has precedence is immaterial because I have the right to respond to the served motion. We have reacted to the motion dated 8th of March, 2024 and the prosecution is willing and ready to take the argument on that Sir.”

Justice J.K Omotosho, after listening to the arguments ruled that the motion on the 8th of March, 2024 would be heard first.

While speaking on the application dated on file on the 8th day of March 2024, counsel to the defendants/applicants, Agi, informed that a counter affidavit on the motion had been received and a reply on the point of law had been filed. He therefore prayed that the affidavit filed by the defendants/applicants be granted.

The prosecution on its part prayed the court to dismiss the application of the defendants saying “It is contained in our affidavit that the court cannot make orders in doubt as there is no such laboratory called National Computer Forensic Laboratory. The party asking the court to do a particular thing is under an obligation to guide the court so that the court would not give a ruling for the registry to take it there and there is no such laboratory.”

The judge thereafter adjourned the trial to the 15th of April, 2024 for a ruling on the motion.

 

Nigerian Govt inaugurates committee for ID4D project

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Tinubu

The Nigerian Federal Government has inaugurated a steering committee for the actualization of Digital Identification for Development Projects in Nigeria.

 

According to a statement by the head of Corporate Communications at the National Identity Management Commission, NIMC Kayode Adegoke, the inauguration occurred at the Office of the Secretary to the Government of the Federation in Abuja on Tuesday.

 

 

In his inaugural speech, the SGF, Senator George Akume, underscored the immense potential of the Nigeria Digital ID4D Project to revolutionize identification and access to services.

 

He emphasizes the need to address challenges related to data privacy, accessibility, and citizen engagement to ensure the project’s success.

 

“The Nigeria Digital ID4D project holds immense promise in revolutionizing identification and access to services’, he said.

 

On her part, the DG of NIMC, Abisoye Coker-Odusote, highlighted the importance of digital identity in driving socio-economic development and empowering the citizens.

 

She expressed confidence in the project’s transformative impact and looks forward to the Steering Committee’s collective efforts.

 

She said, “The Nigeria Digital Identification for Development Program represents a bold and ambitious initiative to leverage digital technologies to enhance service delivery, improve governance, and unlock opportunities for our citizens”.

 

 

 

Accordingly, the Steering Committee’s mandate extends beyond policy formulation to fostering a collaborative governance structure that will oversee the project’s implementation.

 

The committee members include the Office of the Secretary to the Government of the Federation (Chairman), Honourable Minister of Finance, Honourable Minister of Budget and National Planning, Honourable Minister of Health, Honourable Minister of Education, Honourable Minister of Communications and Digital Economy, and the Director-General/Chief Executive Officer of the National Identity Management Commission (Secretary), amongst others.

Under Cable Cuts: Voice, Data services 90% restored in Nigeria- NCC

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NCC

The Nigerian Communications Commission, NCC says 90 per cent of voice, Data services have been restored in Nigeria after disruptions caused by the undersea cable cuts.

Reuben Muoka, Director, Public Affairs at NCC gave this update in a statement on Monday.

The commission stated that Mobile Network Operators had assured that voice, Data services would be restored pending full repairs.

“Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90 per cent of their peak utilization capacities.

“All operators who were impacted by the cuts have taken recovery capacity from submarine cables which were not impacted by the cuts, and have thus recovered approximately 90 per cent of their peak utilisation capacities.

“Mobile Network Operators have assured the Commission that data and voice services would operate optimally pending full repairs of the undersea cables as they have managed to activate alternative connectivities to bring back the situation to normalcy.

“We extend our appreciation to telecom consumers for their patience and understanding during the downtime caused by the undersea fibre cuts”, the statement reads.

Recalls that on March 14 telecoms service outage hit Nigeria over undersea cable cuts.

 

 

NIN-SIM Linkage: NIMC, NCC unveil collaborative efforts

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The National Identity Management Commission, NIMC and the Nigerian Communications Commission, NCC announced a strategic collaboration aimed at enhancing processes related to the National Identification Number, NIN-SIM linkage.

The agencies disclosed this in a joint statement on Sunday signed by Ayodele Babalola Technical Adviser, Media, and Communications to the DG/CEO of NIMC and Reuben Muoka, Director of Public Affairs, NCC.

Accordingly, the move is aimed to address lingering challenges associated with NIN-SIM linkage.

“In recent times, the NIN-SIM linkage exercise has become subject of national discourse, reflecting the critical importance of aligning SIM registrations with individuals’ unique national identification numbers. Recognising the significance of this initiative in enhancing security and improving service delivery, both NIMC and NCC are committed to improving processes and enhancing efficiency.

“Under this collaboration, NIMC and NCC will work closely to explore synergies and leverage each other’s expertise and resources in the following key areas:

“Streamlining the NIN-SIM Linkage Process: NIMC and NCC will collaborate to ensure a seamless experience for Nigerian telecommunication subscribers. This includes exploring innovative approaches to facilitate the swift verification and authentication of NINs during SIM registration and activation processes.

“Capacity Building and Public Awareness: Both agencies will collaborate on initiatives aimed at enhancing public awareness and understanding of the NIN-SIM linkage requirements. This includes educational campaigns, training sessions for stakeholders, and the dissemination of accurate information to the public to encourage compliance with the linkage directives.

“Data Verification and Validation: NIMC will continue to extend its support to NCC by providing assistance in verifying National Identification Numbers (NINs) associated with SIM registrations. Leveraging NIMC’s robust database and authentication infrastructure, telecommunication operators will validate submitted NINs while ensuring the accuracy and integrity of subscriber data.

“Policy Harmonisation and Regulatory Framework: NIMC and NCC will collaborate on aligning policies and regulatory frameworks to facilitate the seamless integration of NIN-SIM linkage processes within the telecommunications ecosystem. This includes harmonising data protection and privacy regulations to safeguard the confidentiality and security of subscriber information.

“Both NIMC and NCC are committed to fostering a collaborative and transparent partnership that prioritises the interests of Nigerian citizens and promotes national development. By pooling our resources and expertise, we aim to overcome the challenges associated with the NIN-SIM linkage exercise and ensure its continued successful implementation”, statement reads.

Newssphere recalls that NCC ordered Telecoms companies to disconnect subscribers without NIN-SIM linkage after several deadlines.

 

 

NIN: NDPC Investigates Alleged Privacy Breach at NIMC

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The National Commissioner, Nigeria Data Protection Commission, NDPC, Vincent Olatunji, has ordered a full-scale investigation in respect of allegations of unauthorized access to the personal data of enrollees in the database of National Identity Management Commission (NIMC).

According to a statement on Sunday signed by  Babatunde Bamigboye, Head of Legal, Enforcement and Regulations, this investigation is a further regulatory measure to be taken by NDPC in the wake of public concerns over reports of illegal access to personal data of enrollees by a shadowy entity called XpressVerify.com.

It will be recalled that prior to now, NDPC has been engaging with NIMC on fostering adequacy of data protection. To this end, NDPC held a training with relevant officers of NIMC early February, 2024. This is one in a continuum of measures being put in place by the Federal Government to ensure data privacy and protection.

“We note that NIMC has initiated internal investigation and it has immediately given full assurances of cooperation with NDPC to get to the root of the allegation and to review existing mediums through which any entity may lawfully verify the identity of enrollees on its platform. Furthermore, NDPC will work with relevant agencies to audit the trails of the alleged unauthorized data processing and monetization of same, and those who are found culpable for violating the Nigeria Data Protection Act, 2023 will be brought to justice.

“The National Commissioner further directed that preliminary findings of the investigation should be made public within seven days”, the statement reads.

Meanwhile, Newssphere recall that NIMC denied claims making the on citizen’s data breach.

 

NIN: NIMC assures Nigerians of Data security

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NIMC and DG

The National Identity Management Commission, NIMC has assured Nigerians of their Data security amid speculation of data breach.

The Commission gave this assurance in a statement on Sunday by its head Corporate Communications, Kayode Adegoke.

NIMC stressed that its NIN verification and other services portal are intact and save.

The Commission dismissed claim of citizens’ data breach by a private organization, XpressVerify.

Accordingly he said, the Director General and Chief Executive Officer of NIMC, Engr. Abisoye Coker-Odusote had ordered investigation into the alleged data breach claim.

“The Commission wishes to state that it offers NIN verification and other services through licensed partners. However,  XpressVerify is not one of the Commission’s licensed partners.

“We express our gratitude to our media partners and the whistleblowers for bringing this to our attention and wish to assure Nigerians and legal residents that there is no data breach of any sort and the Citizens’ data is safe and secure in the Nigeria’s National identity database.

“The Director General and Chief Executive Officer of NIMC, Engr. Abisoye Coker-Odusote has promptly ordered a comprehensive investigation into the matter to find out if any of the Commission’s Tokenisation verification agents has in any way breach the licensing agreement either directly or through any of their sub-licensees.

“Engr Coker-Odusote affirms the commitment of NIMC to data protection and privacy, and assures that no stone will be left unturned in ensuring the safety and security of the data of all enrollees. ‘Top-level security is in place to protect the NIN and other personal data of every citizen and legal resident, she said.

“NIMC reaffirms its unwavering dedication to safeguarding, securing, and responsibly managing the data entrusted to us. The Commission understands the critical importance of maintaining public trust and confidence in our operations, and we will continue to uphold the highest standards of integrity and accountability”, the statement reads.

 

 

 

 

Biafracoin: Beware of fraudsters-Ekpa warns

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The Prime Minister of the Biafra Republic Government in Exile, Simon Ekpa, has warned prospective users of Biafracoin against emerging fraudsters.

Ekpa disclosed this in a statement on Saturday through his official X account.

Recall that BRGIE, two weeks ago, announced plans to kickstart its Biafracoin, a cryptocurrency platform, in March, 2024.

However, in an update, Mazi Ekpa, the Finnish-based lawyer, urged prospective users of the Biafracoin not to send personal information to anyone outside the official site of the Bank of Biafra.

“Attention to every Biafran on Twitter now X following the development on Biafracoin.

“Please, do not send any email to anyone requesting you to reach out to customer support for your wallet; they are the scammers and disbanded anonymous IPOB Nigeria criminals who have now activated their pages because of Biafracoin, like this Amanda here. Don’t ever send your information to anyone outside the Bank of Biafra official site, which is not public yet”, he wrote.

BRGIE hinted at plans to unveil the website of Biafracoin by March 19, 2024.

NITDA, e-Village collaborate to boost Nigeria’s tech ecosystem

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The National Information Technology Development Agency, NITDA is set to partner with the Entrepreneurship Village (eVillage) in fostering technology innovations and inclusivity in the country.

This was made known when the Director General of NITDA, Kashifu Inuwa, recently received the Chief Executive Officer of the eVillage, Sunil Santanam and his team at the corporate headquarters of the agency in Abuja.

The visit was to seek NITDA’s intervention on digital infrastructure for the eVillage Innovation and Transformation Centre.

Inuwa also expressed his excitement at the collaboration because according to him, it aligns with the Agency’s newly crafted Strategic Roadmap and Action Plan (SRAP 2024-2027) pillars of Building a Robust Technology Research Ecosystem, Promoting Inclusive Access to Digital Infrastructure and Services as well as Nurturing an Innovative and Entrepreneurial Ecosystem.

“I see this as a potential technology development zone because when you talk about the technology development zone, it’s not about bringing big hardware or manufacturing equipment and so on, but bringing people together, creating the ecosystem that can ignite and spark conversation about technology on solving real-life problems”, he added.

While giving assurances of the Agency’s support, Inuwa believes that the proposed technology development zone is a technological advancement initiative that promises to catalyze immense transformative change in the country.

Central to the partnership proposal is the acceleration of the technology development zone across the six geopolitical zones in the nation and Inuwa disclosed that all the arrangements between the two organisations would be formalized through a memorandum of understanding.

Earlier in his remark, Santanam expressed his gratitude to the NITDA DG and his team for the privilege given to him by agreeing to partner with the Village.

He asserted that the opportunities being offered by the Village, if leveraged, would bring immense development to the large youthful population and the entrepreneurship ecosystem as a whole.

“It is a step forward for Nigeria, a step forward for the youth of Nigeria, a step forward for the entrepreneurs of Nigeria and as far as infrastructure and the facilities that eVillage will be offering, we will be second to none in Africa”, he averred.

In her remark, the village’s Director of Initiatives and Partnerships, Joy Francis, shared insights on the Global Entrepreneurship Festival that would come up later in the year in November.

She stated that “the event will bring the global community to your doorsteps and also build a lasting entrepreneurial platform for the benefit of this generation and the coming ones”.

 

 

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