The Nigerian Securities and Exchange Commission (SEC), under the leadership of Dr. Emomotimi Agama, has proposed a new law aimed at regulating the activities of crypto influencers. The law, set to take effect on June 30, 2025, requires all crypto platforms or Virtual Assets Service Providers (VASPs) to obtain a license from the SEC before Read More…
Tag: fines
Environmental offenders sentenced to community service and fines for indiscriminate waste disposal
In Ikoyi, Lagos, the Environmental Special Offences Court has levied fines and community service penalties on 40 individuals guilty of indiscriminate waste disposal, highlighting the severity of their actions and their adverse effects on the environment. Each offender received a fine of ₦30,000 or an alternative sentence of six hours of community service in specified Read More…
4,068 inmates freed nationwide to ease congestion in Nigeria’s prisons
Dr. Olubunmi Tunji-Ojo, Minister of Interior, announced the release of 4,068 inmates from correctional centres across the country, emphasising the aim to ease congestion and foster humane conditions for rehabilitation. During a visit to the Kuje Medium Correctional Centre, where 37 inmates were released, the minister highlighted the plight of those unable to pay fines Read More…