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Alleged Terrorism Financing: Court orders Binance to release data to EFCC

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Binance

Binance Holdings Limited has been ordered by Justice Emeka Nwite of a federal high court sitting in Abuja to provide the Economic and Financial Crimes Commission with the comprehensive data or information of all persons from Nigeria trading on its platform.

 

The order was granted following an ex-parte motion moved by the EFCC’s lawyer, Ekele Iheanacho. In the motion deposed to by Hamma Bello, an operative of the EFCC attached to the Special Investigation Team (SIT) of the commission domiciled in the Office of the National Security Adviser (ONSA), he stated that they “received an intelligence stating the nefarious activities (money laundering and terrorism financing) on Binance, a crypto currency exchange platform.”

 

He added;

 

“That on receipt of the Intelligence, the team began investigation by conducting surveillance of the activities of the platform.

“That the team uncovered users who have been using the platform for price discovery, confirmation and market manipulation which has caused tremendous distortions in the market, resulting in the Naira losing its values against other currencies.

“That the damage the platform has caused was clearly explained to the operators of the platform and they were requested to delist the Naira and avail the ONSA on the activities of the Nigerians on their platform.

“That from the information afforded to the team by Binance shows that the total trading volume from Nigeria in 2023 alone stood at $21.6 (twenty one billion, six hundred million dollars).

“Attached and marked as Exhibit EFCC 1 is a copy of the document from Binance to the ONSA stating this fact amongst others. That the commission will ensure that investigation is conducted within such reasonable time.”

 

Bello also said that it is utmost urgent public interest, that the data be provided to enable the commission accomplish its investigation activities. He said refusal of the request woulf largely hamper the commission’s investigation.

 

Granting the application, Justice Nwite said;

 

“The applicant’s application dated and filed 29th February, 2024, is hereby granted as prayed. That an order of this honourable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform.”

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YouTube to cut monetization for low-effort and A.I. content from July 15.

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From July 15, 2025, YouTube will implement a new set of rules in its monetization policies within the YouTube Partner Program (YPP), focused on eliminating repetitive, automated, and low-value content.

According to the official announcement, YouTube will update its monetization policies specifically to address two types of content considered “inauthentic”.

The first type is “mass-produced content”.

According to the announcement, this includes “videos created in bulk with minimal human input, such as automated presentations with synthetic voices and no personalized narrative.”

Another type of content that will be cut are “repetitive content. This includes “videos that reuse formats, scripts, or styles without offering distinctive value, such as reaction mashups, remixes of existing content, or compilations with minimal editing.”

This type of content, while it may have previously met technical requirements, will now be demonetized for lacking originality and real value for viewers.

According to the announcement, all videos that fall into the following categories will be excluded from monetization:

“Reuse third-party material without significant transformation.

“Use auto-generated voices or subtitles without adding commentary or original context.

“Publish the same type of video repeatedly without variation or innovation.

“Be superficially edited to appear new (e.g., changing colors, cropping scenes, or applying filters without adding value).
Channels that continue using these practices risk being removed from the YouTube Partner Program.”

YouTube will reward monetization only to creators producing original and authentic content, including:

“Educational videos with unique explanations, research, or tutorials that teach something new.

“Innovative entertainment content, such as original sketches, short films, vlogs, or creative analysis.

“Narration and editing with the creator’s own voice and style, avoiding exclusive reliance on artificial narrators or automated tools.”

The platform clarified that AI is not prohibited, as long as the creator adds meaningful human value…

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IMO STATE LAUNCHES DIGITAL LAND INFORMATION CENTER, UNLOCKING NEW ERA FOR PROPERTY MANAGEMENT AND INVESTMENT

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Imo State has taken a major leap in land administration with the unveiling of the Imo Land Information Service Centre (IMLISC), a modern, technology-driven facility established under the leadership of Governor Hope Uzodimma. Located within the Ministry of Lands, Survey and Physical Planning in Owerri, this state-of-the-art centre is set to transform land governance, boost investor confidence, and protect citizens from fraudulent land dealings.

The IMLISC introduces a fully digital system that streamlines land transactions and offers services such as e-land searches, land recertification, issuance of Certificates of Occupancy (C of O), and ownership transfers. These automated processes ensure faster, more transparent, and accountable land administration, marking a clear departure from outdated, manual methods.

Governor Uzodimma’s administration has championed this initiative as part of its broader commitment to innovative governance and economic reform. The centre provides Imo citizens with secure access to land-related data, shielding them from scams and ensuring legitimacy in property transactions. It builds trust and simplifies land ownership—making it both secure and straightforward.

For the business community, IMLISC is a game-changer. Entrepreneurs and real estate developers now have access to clear documentation, reliable data, and efficient processing—eliminating bottlenecks that previously hampered progress. The result is a more attractive business climate that welcomes both local and diaspora investors with open arms.

Moreover, the new system is expected to enhance internally generated revenue (IGR). With better documentation and fewer disputes, land transactions will be more organized and traceable, increasing state earnings from legitimate dealings. These funds can then be reinvested into critical sectors like infrastructure, healthcare, and education—ultimately benefiting every Imo resident.

The centre will also serve as a hub for land dispute resolution, offering timely and fair intervention mechanisms. Through data-driven decision-making, it will support sustainable urban planning and responsible land use policies across the state.

Governor Uzodimma’s foresight in establishing the IMLISC is a testament to his commitment to good governance, transparency, and economic growth. The centre is not just a building—it is a symbol of Imo State’s readiness for progress, a safeguard for property rights, and a magnet for investment.

With this initiative, Imo is setting a new benchmark in land administration—one that empowers citizens, supports business growth, attracts global investors, and drives development for the future.

#HopeNewAndElectronicMediaCenter

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French Tesla customers sue over brand becoming ‘extreme right’

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Tesla sales in the EU have nearly halved, with many customers looking for electric cars put off by Elon Musk's political positions. Photo: JULIEN DE ROSA / AFP/File Source: AFP

Around 10 French clients with leases on Teslas are suing the US carmaker, run by Elon Musk, because they consider the vehicles to be “extreme-right” symbols, the law firm representing them said on Wednesday.

They feel they suffered “direct and concrete” damage from the way Teslas are now associated with “Elon Musk’s actions”, the GKA law firm said.

They are demanding the Paris commercial court order their lease contracts be terminated and legal costs reimbursed, it said in a statement, signed by lawyers Patrick Klugman and Ivan Terel.

The lawsuit comes as Tesla sales in the European Union have almost halved since the beginning of the year, a slump attributed to Musk’s political activities.

Those activities include him — until last week — standing firmly with US President Donald Trump, and overseeing efforts to cut down US departments and agencies.

He has also lent public support to Germany’s far-right Alternative for Germany (AfD) party, and came under criticism for making a repeated gesture with an out-thrust arm interpreted by many historians to be a Nazi salute.

“Because of Elon Musk’s actions… Tesla branded vehicles have become strong political symbols and now appear to be veritable extreme-right ‘totems’, to the dismay of those who acquired them with the sole aim of possessing an innovative and ecological vehicle,” GKA said in a statement.

The perception of the Teslas they leased “prevents them from fully enjoying their car”, it said.

Most of the leases run for four years, with an option at the end to buy the vehicle.

Tesla cars in Europe and elsewhere have been targeted by vandals, with some drivers reporting they have been insulted for using what is sometimes called on social media a “swasti-car”.

Several owners have taken to putting stickers on their Teslas reading “I bought this before Elon went crazy”.

“The situation is both unexpected and impossible for French Tesla owners,” Klugman told AFP.

“Musk’s political positions have interrupted enjoyment” of the vehicles, and “we believe that Mr Musk owes these buyers the peaceful possession of the thing sold”, he said.

Contacted by AFP for comment, Tesla did not immediately respond.

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