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Nigerian Army Forces Kill Three Insurgents, Seize Weapons in Zamfara

Nigerian Army Forces Kill Three Insurgents, Seize Weapons in Zamfara

In a recent military operation in Zamfara State, troops from the Nigerian Army’s Operation FANSAN YAMMA successfully eliminated three insurgents and confiscated a significant quantity of arms and ammunition. The operation, which took place in the Birnin Magaji Local Government Area, involved a fighting patrol that covered several villages including Birnin Tsaba, Tsanu, and Dumburum.

According to a report from the News Agency of Nigeria (NAN) released on Thursday in Abuja, the patrol engaged the insurgents at Dumburum village, where a fierce encounter led to the neutralization of three terrorists. Following the clash, the troops recovered a variety of weapons and ammunition, including one AK-47 rifle, one SK-21 A1 machine gun, a locally made handgun, six AK-47 magazines, and one FN rifle magazine.

The report further detailed that additional recovered items comprised 123 rounds of 7.62mm special ammunition, 179 rounds of 12.7 x 108mm ammunition on links, and 269 rounds of 7.62mm NATO ammunition. Notably, no casualties were reported among the troops during the operation.

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Gunmen Abduct Eight Students from Nasarawa State University in Night Raid

Gunmen Abduct Eight Students from Nasarawa State University in Night Raid

In a brazen attack on Wednesday night, armed individuals seized eight students from the Faculty of Engineering at Nasarawa State University. The incident occurred at a private residence located off campus in Gudi, a community within Akwanga Local Government Area.

According to an anonymous source, the victims were taken from their lodging in Anguwar Ninzo, Gudi, on the outskirts of the town. The police spokesman, SP Ramhan Nansel, confirmed that six of the abducted students and a friend who was visiting at the time were among those taken. He noted that the identity of the eighth victim remains unverified.

The police received a distress call at around 9 p.m. on May 6, 2026, reporting that a gang of armed hoodlums had stormed the student lodge and kidnapped several individuals. The captors fled to an undisclosed location.

In response, the Commissioner of Police for Nasarawa State, CP Shetina Jauro Mohammed, immediately visited the scene to assess the situation. He assured the university community and local residents that the command is fully committed to rescuing the victims unharmed.

To bolster the search efforts, the commissioner has redeployed the area commander of Akwanga to coordinate field operations. A joint security task force—comprising personnel from the Nigeria Police Force, Department of State Services (DSS), military, Nigeria Security and Civil Defence Corps (NSCDC), vigilante groups, and other tactical units—has been mobilized to track down the perpetrators and secure the safe release of all victims.

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Benue Assembly Suspends Local Government Auditor Over N4.6 Billion Fraud Allegations

Benue Assembly Suspends Local Government Auditor Over N4.6 Billion Fraud Allegations

The Benue State House of Assembly has taken the decision to suspend Abraham Gberidyer, who serves as the auditor-general for local government, following allegations of financial wrongdoing amounting to approximately N4.6 billion. This action was announced on Thursday through a statement released by Michael Zape, the chief press secretary to Speaker Berger Emberga. The statement confirmed that the suspension was authorized during a plenary session.

According to the details, Governor Hyacinth Alia formally notified the lawmakers about the allegations via a letter that was transmitted by the head of service. In the correspondence, the governor indicated that Gberidyer is currently under investigation for corruption and cannot remain in office under the provisions of the constitution concerning the removal of corrupt public officers. The lawmakers unanimously supported the suspension, expressing that it would allow for a comprehensive probe into the claims.

During the same plenary session, the assembly passed a bill aimed at establishing an official state symbol and anthem for Benue, along with other related measures. The bill was passed following a report presented by the Chairman of the House Standing Committee on Culture and Tourism, William Ortyom, who was represented by Anyor Mato. Additionally, lawmakers considered a bill to repeal the Benue State Sports Marketing and Lotteries Board Law of 2017 and replace it with the Benue State Lotteries, Public Online Lotteries, Gaming and Sports Marketing Board Law of 2024, which successfully passed its second reading.

Speaker Berger Emberga referred the proposed legislation to the House Committee on Youth, Sports and Creativity for further examination. Another bill focusing on adjusting the retirement age and enhancing remuneration for magistrates and legal officers passed its third reading. This bill seeks to extend the retirement age for these officials to prevent the state from losing experienced personnel in the justice sector. Furthermore, the Benue State Pension Harmonisation Bill also passed its second reading; it was sponsored by Douglas Akya of Makurdi South constituency and aims to increase pension benefits for retirees.

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Presidency Reveals Why Fuel Subsidy Won’t Return Under Tinubu

Presidency Reveals Why Fuel Subsidy Won't Return Under Tinubu

The Nigerian government has shed light on why President Bola Tinubu is keeping fuel subsidy abolished. Daniel Bwala, Special Adviser on Policy Communications, stated during a Channels Television program that the decision stems from widespread fraud in the petroleum sector.

According to Bwala, the previous subsidy system primarily benefited dishonest individuals rather than ordinary citizens. He emphasized that non-Nigerians were among those exploiting the regime.

Bwala clarified that the administration is not opposed to subsidies in principle, pointing to existing subsidies on dialysis at 50% and support in agriculture. He described President Tinubu’s leadership as flexible, noting that if a genuine need for subsidy arises, the government could consider it.

The presidential aide also highlighted that state governors across Nigeria have welcomed the subsidy removal due to increased revenues for their states.

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Sam Amadi: National Assembly Uses Legislation for Self-Enrichment

Sam Amadi: National Assembly Uses Legislation for Self-Enrichment

The Director of the Abuja School of Social and Political Thought, Sam Amadi, has sharply criticized Nigeria’s National Assembly, accusing it of transforming lawmaking into a mechanism for personal gain.

Speaking during a live interview on Arise Television on Thursday, Amadi argued that this shift has deepened the nation’s crisis of exclusion, shutting out many citizens, including those eager to engage in the political process.

“What we are witnessing is the National Assembly converting legislation into an avenue for self-aggrandizement, whether for the executive branch or for themselves,” Amadi stated. “The result is a mounting crisis fueled by exclusion.”

He acknowledged that, technically, the Assembly is entitled to establish rules governing its internal hierarchy. “There is nothing inherently wrong with the National Assembly creating procedures to define its structure,” he noted. “The Senate, the House of Representatives, and other bodies operate under constitutional guidelines. In this case, the Senate is free to self-regulate, and its rules encompass various elements.”

However, Amadi expressed concern over a troubling trend in the current Assembly: the move toward laws that are narrow, targeting specific individuals or events. “Consider the Electoral Act,” he said. “When they crafted the clause prohibiting party defection within a certain period, it was clearly aimed at particular people. Interestingly, those like Adams Oshiomhole, who now complain, were silent when laws were being framed to target others.”

He called for a return to inclusive, broad-based legislation that serves the public interest rather than individual ambitions.

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Ratify Malabo Protocol to Boost Anti-Terror Fight, Experts Urge Tinubu, NASS

Ratify Malabo Protocol to Boost Anti-Terror Fight, Experts Urge Tinubu, NASS

President Bola Ahmed Tinubu and the National Assembly are being pressed to endorse the African Union’s Malabo Protocol, a move that could significantly enhance Nigeria’s capacity to combat terrorism and transnational crime. The call came during a security and governance dialogue held Thursday in Abuja, where participants underscored the urgency of reinforcing legal instruments to address escalating insecurity across Nigeria and the African continent.

Constitutional lawyer Abdul Mahmud, addressing the gathering, emphasized that adopting the protocol would foster regional collaboration, improve intelligence sharing, and streamline the prosecution of terror-related cases. He noted that the Malabo Protocol establishes a robust legal framework enabling African nations to jointly tackle threats such as terrorism, cybercrime, corruption, and other cross-border offenses that undermine peace and stability.

Mahmud urged both President Tinubu and lawmakers to demonstrate political will by accelerating the ratification and implementation process. The protocol, adopted by the African Union in Malabo, Equatorial Guinea, in 2014, seeks to extend the jurisdiction of the African Court of Justice and Human Rights to cover international crimes including terrorism and corruption.

Stakeholders argue that delayed ratification leaves Nigeria vulnerable to sophisticated criminal networks that operate across borders. By joining the protocol, Nigeria would gain access to enhanced legal mechanisms for holding perpetrators accountable and deterring future threats.

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Trump Jr. Defends World Liberty Financial at Consensus Miami Amid Federal Lawsuit

Trump Jr. Defends World Liberty Financial at Consensus Miami Amid Federal Lawsuit

At the Consensus Miami 2026 conference on Thursday, Donald Trump Jr. and Zach Witkoff jointly took the stage to support World Liberty Financial, the Trump-backed decentralized finance project. This marks their first public appearance together at a major crypto event, and it comes as the project faces its toughest legal battle since its late 2024 launch.

In late April, Tron founder Justin Sun filed a federal lawsuit in California, alleging that World Liberty froze his tokens, removed his voting rights, and threatened to permanently burn his holdings. Witkoff dismissed the claims as “entirely meritless,” calling the suit a “desperate attempt to deflect attention” from Sun’s own alleged actions.

The Consensus platform provides World Liberty Financial a chance to reshape its narrative in front of over 20,000 attendees. Beyond the Sun lawsuit, the project has faced other controversies. Earlier this year, a Wall Street Journal report revealed that an Abu Dhabi-linked entity acquired a 49% stake for $500 million just days before Trump’s inauguration. Senator Elizabeth Warren subsequently urged the OCC to halt review of WLFI’s bank charter application, citing potential conflicts of interest.

World Liberty Financial has launched its USD1 stablecoin across multiple chains and introduced a tokenized real estate product in February tied to a Trump resort in the Maldives. As of now, WLFI trades at around $0.08, more than 75% below its peak in September 2025.

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Senator Moody Defends Washington’s Crypto Stance at Consensus Miami 2026

Senator Moody Defends Washington's Crypto Stance at Consensus Miami 2026

At the Consensus Miami 2026 conference on Thursday, Florida Senator Ashley Moody engaged in a conversation with Cody Carbone, the CEO of the Digital Chamber, to articulate her perspective on the federal government’s relationship with digital currencies. This marked her inaugural appearance at the event, reflecting a growing trend of senior policymakers participating in industry forums.

The timing of Moody’s remarks coincides with critical legislative developments, particularly the CLARITY Act, which is advancing toward a Senate Banking Committee vote. The bill’s proponents, including Senators Cynthia Lummis and Bernie Moreno, have emphasized that failure to act before the Memorial Day recess could delay progress until 2030. Earlier in the week, Ripple’s CEO Brad Garlinghouse characterized the current momentum as a significant positive shift for the industry.

Moody’s appearance follows Senator Kirsten Gillibrand’s Day 2 address, where she expressed confidence in the legislation’s trajectory. Other first-time attendees at Consensus 2026 include CFTC Chairman Michael Selig and White House official Patrick Witt, signaling heightened federal interest in crypto policy. The Senate Banking Committee is reportedly aiming for a markup session around May 11.

The conference attracted over 20,000 participants, with institutional investors comprising about 35% of the audience and collectively managing approximately $10 trillion in assets. Major financial institutions like Morgan Stanley and JPMorgan joined as first-time sponsors, underscoring the industry’s growing legitimacy. Moody’s presence at Consensus highlights a broader shift from occasional federal engagement to sustained involvement in crypto regulation.

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Crypto Lending Must Mimic Banks for Institutional Adoption: Two Prime CEO

Crypto Lending Must Mimic Banks for Institutional Adoption: Two Prime CEO

The future of crypto lending hinges on replicating traditional financial systems rather than advancing decentralization, according to bitcoin lenders at Consensus Miami 2026. Institutional borrowers require predictable, standardized processes to feel confident in bitcoin-backed credit.

Alexander Blume, founder and CEO of Two Prime, noted that institutional clients often reject decentralized finance due to its operational complexity. Boards and risk committees struggle to grasp DeFi mechanisms, leading them to prefer simpler, more accountable structures. Blume emphasized that existing financial systems rely on identifiable intermediaries and clear accountability, which autonomous systems lack.

Ledn CEO Adam Reeds stressed that borrowers should prioritize knowing where their bitcoin is stored, while Lygos CEO Jay Patel highlighted the need for borrowers to assess lenders before engaging in credit agreements. Patel pointed to rehypothecation—the practice of relending pledged collateral—as a major risk, citing the 2022 collapses of Celsius, Voyager, and BlockFi. These failures stemmed from opaque practices and weak risk controls.

The industry is now shifting toward products featuring transparent custody, standardized contracts, and clear counterparty identification. BitGo recently launched a unified financing platform enabling institutions to lend and borrow from a single custody account, addressing fragmentation. The bitcoin credit market has expanded to approximately $10 billion in under a year, with panelists describing it as one of the fastest-growing capital market products.

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Adam Back Declares Bitcoin Victorious Over DeFi in Security Arena

Adam Back Declares Bitcoin Victorious Over DeFi in Security Arena

During a keynote at Consensus Miami 2026, Blockstream CEO Adam Back asserted that Bitcoin has decisively beaten decentralized finance platforms in terms of security, attracting institutional investors who have grown wary of repeated smart-contract exploits. He described the current landscape as Bitcoin winning “the DeFi security war,” emphasizing that the network’s simplified, security-first infrastructure offers a more reliable foundation for capital.

According to Back, institutions are no longer attempting to force Bitcoin into traditional finance molds; instead, they are adapting their own strategies to align with Bitcoin’s conservative incentive model. This shift is unlocking opportunities for Bitcoin-native tokenization and safer DeFi systems built on layer-2 solutions such as the Liquid Network, which prioritize stability over rapid innovation.

Back detailed Bitcoin adoption as unfolding in three distinct waves. The first wave involved direct retail ownership, followed by the arrival of spot ETFs that made Bitcoin accessible via brokerages and financial advisors. The third and most significant wave, he argued, is now underway, consisting of institutional allocations through managed portfolios, pension funds, and sovereign entities.

He cautioned that the full impact of model portfolio allocations from giants like BlackRock has yet to materialize, suggesting that the biggest inflow of institutional capital is still ahead. Back also noted that approximately 200 companies worldwide now hold Bitcoin treasuries, citing his own firm BSTR as an example of a more active management approach that seeks returns through holdings and fund strategies rather than simple accumulation.