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HTX Rejects UK Sanctions Claims Over Russia Ties

HTX Rejects UK Sanctions Claims Over Russia Ties

The cryptocurrency exchange HTX has pushed back against allegations from the United Kingdom’s Foreign Office that an affiliate entity, Huobi Global S.A., funneled $1.5 billion to Russia. HTX emphasized that the sanctions apply solely to Huobi Global S.A., which operates as a separate legal entity, and do not impact its main trading platform. The exchange stated it plans to discuss the matter directly with UK authorities to clarify the situation.

UK Foreign Secretary Yvette Cooper announced the sanctions, targeting what she described as crypto and illicit finance networks exploited by Russia. The Foreign Office cited reasonable grounds to suspect that Huobi Global provided financial services to A7 Limited Liability Company and Garantex Europe OU. Cooper warned that Russia cannot evade sanctions by hiding behind crypto networks and shadow financial systems.

In a separate development, blockchain analytics firm Global Ledger traced over $7.6 billion in Russia-linked flows through HTX since 2021, using on-chain data for Bitcoin, Ether, and Tether on Tron. The firm flagged high-risk transactions using internal risk scores above 70, encompassing sanctioned entities, darknet markets, and other illicit typologies. Additionally, TRM Labs identified $4.9 billion in direct on-chain transfers from HTX to UK-designated entities during the same period.

This is the first time the UK has applied banking-style sanctions to a global crypto exchange, requiring British firms to freeze funds and track transactions linked to HTX. Several major exchanges have already issued advisories about heightened compliance checks on HTX-related transfers. HTX has faced previous UK scrutiny, including High Court proceedings initiated by the Financial Conduct Authority over alleged illegal promotion of crypto services to UK consumers.

The designation also highlights broader efforts to tighten Russian-linked crypto rails. Earlier this year, the Grinex exchange shut down after a $13 million hack attributed to foreign intelligence services. Justin Sun, Tron founder and HTX global adviser, has not been personally designated in the latest sanctions.

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Project Agora Transitions to Live Cross-Border Payments

Project Agora Transitions to Live Cross-Border Payments

The Bank for International Settlements has announced that its tokenization initiative, Project Agora, has completed its initial prototype testing phase involving atomic settlement and is now advancing to trials with real-value cross-border payments. This development was confirmed by the BIS on Wednesday, marking a significant milestone for the project.

Project Agora, a collaborative effort between seven central banks and over 40 financial institutions, successfully demonstrated that tokenized commercial bank deposits can be settled against tokenized central bank reserves on a unified platform, achieving finality across different jurisdictions. The prototype ensured that all legs of a cross-border transaction are executed simultaneously or not at all, a process known as atomic settlement. Participants reported that this design compresses traditional correspondent banking processes, which can take days, into mere seconds.

The project preserves the existing correspondent banking framework, sanctions screening, and SWIFT compatibility rather than replacing them. BIS Deputy General Manager Andrea Maechler emphasized that the system settles transactions in one go once all conditions are met. The Bank of Canada has now joined the initiative, further expanding its reach.

Participants include the Bank of England, Federal Reserve Bank of New York, Bank of Japan, Banque de France, Swiss National Bank, Bank of Mexico, and Bank of Korea. The Institute of International Finance coordinates the private-sector involvement. IIF head Tim Adams stated that the project will benefit the entire financial system.

The prototype integrates smart contracts that allow banks to embed compliance checks, conditional payment triggers, and workflow logic directly into transactions. Efficiency gains include reduced reconciliation, fewer manual interventions, and lower operational risk. A legal analysis confirmed that settlement finality is achievable across all participating jurisdictions, with further work needed on technical and contractual requirements for each legal system.

The next phase will move beyond synthetic transfers to route actual money through the prototype, marking the first time a BIS Innovation Hub effort of this scale has advanced to live transactions. Bank of Canada Senior Deputy Governor Carolyn Rogers noted that tokenization has the potential to make payments faster, cheaper, and more secure. This shift aligns with broader tokenization trends on Wall Street, with firms like DTCC, Nasdaq, and ICE developing blockchain-based systems for tokenized assets. Analysts have called 2026 a “tokenization supercycle,” with stablecoin supply and on-chain Treasury demand increasing.

A final report on Project Agora is expected in the first half of the year, with the mid-2026 update serving as the first checkpoint for assessing the scalability of real-value testing.

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Abdulsalami Calls for Issue-Based Politics During Eid-el-Kabir

Abdulsalami Calls for Issue-Based Politics During Eid-el-Kabir

During the Eid-el-Kabir celebrations in Minna, former Nigerian Head of State General Abdulsalami Abubakar made a passionate appeal for a politics centered on issues rather than personal attacks. He emphasized that moving away from bitterness in political discourse is crucial for the nation to produce capable leaders and achieve meaningful development.

Speaking after observing the two-raka’at prayer at the Minna Eid praying ground on Wednesday, Abubakar joined fellow Muslims in the festivities. He highlighted that peace is an indispensable foundation for progress, urging citizens from all ethnic and religious backgrounds to persist in prayers and efforts aimed at fostering unity, stability, and growth across the country.

The former leader also prayed for divine intervention to bring enduring peace and prosperity to Nigeria. He noted that the nation’s challenges can only be overcome through collective action and mutual understanding.

Niger State Governor Mohammed Umar Bago, also present at the event, encouraged Muslims to use the Eid period as a time for seeking forgiveness and praying for a better Nigeria marked by peace and economic prosperity. Bago expressed confidence in the country’s future, asserting that challenges can be surmounted through love, respect, and shared commitment, while urging citizens to maintain hope.

The prayer ground was attended by several dignitaries, including former Niger State Governor Dr. Muazu Babangida Aliyu, the Emir of Minna Umar Faruk Bahago, and Mohammed Ibrahim Babangida, son of former Military President Ibrahim Babangida. Also in attendance were the Commissioner of Police for Niger State, Adamu Abdullahi Elleman, along with members of the State Executive Council and other high-ranking officials. The Eid prayer itself was led by Malam Habibu Mai Basira.

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Abia Governor Names Umuahia Bus Terminal After INEC Official Who Declared His 2023 Win

Abia Governor Names Umuahia Bus Terminal After INEC Official Who Declared His 2023 Win

Governor Alex Otti of Abia State has officially opened the newly constructed Umuahia Central Bus Terminal, dedicating the facility to Professor Nnenna Oti, the former Independent National Electoral Commission (INEC) Returning Officer who announced his victory in the 2023 governorship election. The commissioning took place on Wednesday, marking a significant milestone for the state’s transport infrastructure.

During the event, Otti praised Professor Oti, along with other INEC personnel and security agencies, for their integrity in resisting bribery, intimidation, and attempts to manipulate election results. He emphasized that their courage ensured that the will of the people prevailed. “This terminal has been named after Professor Nnenna Nnannaya Oti, an INEC officer, for her courage and sacrifice,” Otti stated.

The bus terminal, according to the governor, is part of his administration’s efforts to improve safety and order in transport operations within Umuahia. It aims to facilitate smooth traffic flow and reduce congestion in the city center. Otti also highlighted that the project would generate economic opportunities for transport operators and contribute to the state’s overall development.

In her response, Professor Nnenna Oti, who is also the Vice Chancellor of the Federal University of Technology, Owerri, reaffirmed her commitment to upholding democratic principles. She said, “I stood, and I still stand, that votes must count. The wish of the people must count. I simply did the right thing, and I want Nigeria to do the right thing.”

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Akwa Ibom Governor Announces Rural Allowance for Doctors

Akwa Ibom Governor Announces Rural Allowance for Doctors

Governor Umo Eno of Akwa Ibom State has unveiled plans to introduce rural allowance payments for medical doctors assigned to underserved communities. The initiative aims to incentivize healthcare professionals to work in remote areas, with the allowance contingent on monthly performance evaluations and attendance monitoring.

The governor made this known during the inauguration of a Primary Health Centre operational base in Oron Local Government Area on Tuesday. He also revealed that the Ibom International Hospital will be officially launched in June, describing it as one of the nation’s top-tier healthcare facilities.

“We are finalizing arrangements to start paying rural allowances to doctors in rural posts. Please note that these payments will depend on monthly checks of performance and attendance,” Governor Eno stated.

Expressing gratitude to the public for their unwavering support for him and President Bola Ahmed Tinubu, particularly during the recent All Progressives Congress primaries, the governor pledged continued dedication to public service. “The reward for good work is more work, and by God’s grace, we will keep giving our best to serve you,” he affirmed.

Earlier, Health Commissioner Dr. Ekem Emmanuel explained that the newly commissioned health facility is more than a building—it includes an administrative block and staff housing to enable round-the-clock healthcare delivery. He also announced that the state government will distribute 3.9 million free insecticide-treated mosquito nets statewide from June 1 to June 30. Over 3,500 residents have already been trained and deployed for this campaign.

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Kwara Governor Urges Unity, Peace at Eid-el-Adha Gathering

Kwara Governor Urges Unity, Peace at Eid-el-Adha Gathering

On Wednesday, a large congregation of Muslim faithful assembled at the Ilorin Central Praying Ground along Yidi Road to perform the two-raka’at Eid-el-Adha prayer in a tranquil setting. The event witnessed the presence of Governor Abdulrahman AbdulRazaq, alongside senior government officials, traditional leaders, and party stalwarts.

In a brief address following the prayer session, the governor offered supplications to Allah, seeking enduring peace, harmony, and advancement for both Kwara State and the entire nation. He emphasized the importance of unity among citizens to foster national development.

“We express gratitude to Almighty Allah for granting us the opportunity to observe another Eid. My message revolves around peace, unity, and the progress of our country. I extend Eid Mubarak wishes to everyone,” AbdulRazaq stated.

The governor further urged all Nigerians to stay united and collaborate towards building a better future for the country. He called for collective efforts to strengthen the bonds of brotherhood and work for the common good.

Senator Saliu Mustapha, the Turaki of Ilorin, also extended his felicitations to the Muslim community on the auspicious occasion of Eid-el-Adha. He prayed that Allah would accept their acts of worship and grant them longer life to witness more celebrations. “May our acts of Ibadah be accepted, and may we be blessed with many more years to observe this holy day,” Mustapha prayed.

The Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, offered prayers for sustained peace and prosperity in the state and the nation. He appealed for unity among the people of the Ilorin Emirate, stressing the need for solidarity.

In his sermon, the Imam Imale, Sheikh Abdullah AbdulHameed, encouraged the congregation to reflect deeply on the core lessons of Eid-el-Adha and incorporate them into their daily lives. He highlighted the values of sacrifice, obedience, and compassion.

Prominent dignitaries at the prayer included the Waziri of Ilorin, Dr. Bukola Saraki; the Grand Mufti of Ilorin, Sheikh Sulaiman Faruk Onikijipa; former Vice Chancellors Prof. Shuaib Oba AbdulRaheem and Prof. AbdulRasheed Na’Allah; and a former Chief Justice of Nigeria, Justice Alfa Belgore. Their presence underscored the significance of the event and the collective desire for national harmony.

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Soludo, Wife Pledge Quality Education for Anambra Children on Children’s Day

Soludo, Wife Pledge Quality Education for Anambra Children on Children's Day

On Children’s Day, Governor Chukwuma Soludo of Anambra State and his wife, Nonye, reaffirmed their commitment to providing quality education for every child in the state. Speaking at a march-past event at Alex Ekwueme Square in Awka, the governor expressed delight at the enthusiasm shown by students during the celebration.

Soludo highlighted that Anambra has the lowest rate of out-of-school children in Nigeria, currently at 2.6 percent. He noted that this figure was recorded before the introduction of full scholarships for primary and secondary education. ‘With our scholarship program, I believe the number has decreased further. Our goal is to bring it down to zero,’ he stated.

Mrs. Nonye Soludo, in a separate statement, emphasized the potential of Anambra’s children. ‘Our children are not just future leaders; they are the pride of this state. With proper education, mentorship, and opportunities, they can achieve anything,’ she said. She stressed that the administration will continue to prioritize educational initiatives to unlock every child’s full potential.

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Nigeria’s Economic Woes and Insecurity Signal Leadership Failure, Says Benin Chief Imam

Nigeria's Economic Woes and Insecurity Signal Leadership Failure, Says Benin Chief Imam

The Chief Imam of Benin, Sheikh AbdulFatai Enabulele, has declared that the current economic difficulties, widespread insecurity, and political turmoil facing Nigeria represent a clear vote of no confidence in the country’s political leadership. He made this observation during an interview following the Eid-el-Kabir prayers at the Ikpoba Slope Eid Ground in Benin City.

He called on authorities at every tier to implement policies and initiatives that would enhance the standard of living for ordinary citizens, emphasizing that many Nigerians are enduring severe hardship. The cleric also connected the rise in cybercrime and other societal ills among the youth to poverty, joblessness, and a lack of effective governance.

According to Enabulele, the abduction of children, who are the future leaders, is a direct consequence of governance failures. He argued that when citizens see their leaders engaging in lawlessness, they are likely to follow suit. He stressed the importance of leaders conducting themselves responsibly and avoiding actions that might mislead the public.

The Imam criticized the ongoing primary elections across political parties, lamenting that after more than two decades of democracy, politicians still struggle to conduct free and fair elections without conflict. He urged political leaders to emulate the sacrifice and dedication of Prophet Ibrahim for the nation’s improvement.

Enabulele pointed out that since 1999, Nigerians have not experienced the true benefits of democracy, with widespread lamentation and economic hardship preventing parents from properly caring for and feeding their children. He noted that pragmatic and progressive policies would encourage citizens to be law-abiding, but lawless leadership breeds lawlessness among the people.

He concluded by praying for divine guidance for both leaders and followers, urging that the universal message of Prophet Ibrahim be embraced by all for a better life. He warned that the current desperate situation suggests that God may have forsaken the nation.

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Benue State Schools Celebrate Children’s Day 2026 Across Multiple Venues

Benue State Schools Celebrate Children's Day 2026 Across Multiple Venues

On Wednesday, schools throughout Benue State took part in the nationwide Children’s Day 2026 festivities, organizing a variety of events aimed at highlighting child welfare, inclusivity, and development. At the JS Tarka Stadium in Gboko, students and teachers came together for march-past parades, cultural performances, and other engaging activities designed to foster social bonds among learners.

Similar celebrations were observed in several other locations across the state. In Jato-Aka, children from nursery, primary, and secondary schools gathered at the NKST Pilot Primary School playground. The day’s program included colorful processions, traditional dances, relay races, football matches, and handball contests.

The Vandeikya Township Stadium and the Chief Emmanuel Akume Atongo Township Stadium in Katsina-Ala also hosted vibrant events, with local schools and communities turning out in large numbers for the annual observance.

Governor Hyacinth Alia, in a message delivered by Tersoo Kula, reiterated his administration’s dedication to creating a secure, supportive, and inclusive environment for every child in the state. He emphasized that the government remains committed to advancing education, child welfare, and developmental opportunities for all young residents.

Nigeria observes Children’s Day every year on May 27 to recognize the importance of children and to promote their well-being, education, and growth.

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VDM Challenges Presidency: ‘I’m Ready to Face the Law’ Over Altered Audio

VDM Challenges Presidency: 'I'm Ready to Face the Law' Over Altered Audio

Social media influencer Martins Vincent Otse, better known as VeryDarkMan (VDM), has fired back at threats from the Presidency following allegations that he shared a manipulated audio clip of President Bola Tinubu.

The controversy began when a doctored video surfaced online, purportedly showing VDM using fake audio of the President. In response, Bayo Onanuga, a media aide to President Tinubu, vowed that VDM would be prosecuted for his actions.

Unfazed, VDM declared that he would not attempt to justify his actions regarding the video. He boldly stated that he is fully prepared for any legal consequences that may follow. ‘I am not going to defend these allegations. If I do, let God punish me. I want to encounter that law. I will even book an earlier flight to come back. I want to see what you all can do,’ he asserted.

He further emphasized his right to criticize the government, saying, ‘If you are upset that I am speaking, what else can I do but speak? It is my democratic right to call out the government when it errs. We live in a democracy.’

A video of his response has been circulating on social media platforms.