NEWS
Sports Betting Ban Looms Large
Following indications of the negative impact of gaming on the Nigerian economy, particularly through the Foreign Exchange Market, the industry might fall under the axe and become subject to stringent regulations, including a possible ban on sports betting apps.
This is consequent upon a former presidential aide, Reno Omokri, calling on President Bola Ahmed Tinubu and the Nigerian Communications Commission (NCC) to ban sports betting applications in the country.
Omokri took to his verified X handle on Wednesday to make the call.
He highlighted that approximately $1 billion is spent daily on gambling within Nigeria, expressing concerns that such significant amounts negatively impact the Naira and subsequently affect the country’s economy, benefiting other nations like Russia and South Africa.
He wrote, “President Tinubu can immediately improve the economic conditions of most Nigerians and make the Naira grow by issuing an Executive Order authorising the Nigerian Communications Commission to ban sports betting apps from the App Store of any GSM Internet Service Provider in Nigeria and revoking the licenses of any physical sports betting operators in Nigeria. It makes better sense than Buhari’s draconian #TwitterBan.
“There is such an epidemic of gambling in Nigeria and it is destroying Nigerian youths. $1 billion is spent on gambling daily in Nigeria, according to the National Lottery Trust Fund. Please fact-check me.
“The average Nigerian spends $15 daily on sports betting and other types of gambling, with the vast majority of that amount leaving our economy and going to places like Russia, South Africa, and Europe. The Naira can never sustain its rally under such circumstances.
“This is scary. How much is our GDP that we are pissing it away like that? More money is leaving Nigeria through gambling than is coming in. Buhari was thoroughly useless in that he was an anti-intellectual who was led by the nose by his former recharge card seller turned overnight billionaire nephew, Tunde Sabiu. But Tinubu is an accountant. He must know that this parasitic economic sabotage will destroy Nigeria if left unchecked.
“A lot of the petty crime in Nigeria is caused by youths seeking money, by any means, to fund their gambling habit. It would be irresponsible for a first-class accountant like Tinubu not to act on such a matter as threatening to our national security as this gambling epidemic.”
The newly appointed Sole Administrator for Rivers State, Vice Admiral Ibok-Ete Ibas (retd), has arrived in the state to formally assume office, expressing optimism about maintaining peace and stability.
Ibas landed at the Port Harcourt International Airport, Omagwa, at approximately 11:25 a.m. on Thursday, where he was received by top government officials and security personnel.
Upon arrival, he was accorded a guard of honour before proceeding to the Government House in Port Harcourt.
READ MORE: Tinubu Swears In Ibas As Rivers Sole Administrator
Accompanied by the State Commissioner of Police, Olugbenga Adepoju, and the Assistant Inspector General of Police, Zone 16, Ibas was conducted around the Government House before heading to the Executive Council Chamber.
There, he addressed Government House officials and service chiefs in a closed-door session.
Speaking briefly with journalists, the retired Vice Admiral, dressed in an all-white native attire, expressed confidence in the state’s stability and promised further engagements with stakeholders.
“I want to thank you all for what you have been doing so far. When I got in here, I decided to meet with the Head of Service and service commanders. I will have to meet them for formal briefing,” Ibas stated. “I assure you that later this evening, I will address you on some issues you want to know.”
Asked about his reception in the state, Ibas said, “Port Harcourt is my city. Everything appears calm. We just want Port Harcourt to get to where it has always been.”
The Nigerian Senate on Thursday approved President Bola Tinubu’s proclamation imposing a six-month suspension on Rivers State Governor Siminalayi Fubara, his deputy, and all members of the State House of Assembly.
The Senate’s decision followed a closed-door session that lasted over an hour, after which Senate President Godswill Akpabio announced the resolution.
The Senate based its approval on Orders 133, 134, 135, and 136.
READ ALSO: Fubara Breaks Silence On Tinubu’s State Of Emergency In Rivers, Calls For Calm
During the plenary, Akpabio read out Tinubu’s official letter, which stated: “In compliance with the provisions of Section 305, Subsection 2 of the Constitution of the Federal Republic of Nigeria, 1999, as amended, I hereby forward, for the consideration of the Senate, copies of the official Gazette of the State of Emergency Proclamation 2025.”
The letter outlined the key aspects of the proclamation, including the suspension of the Rivers State government and the appointment of Vice-Admiral Iboete Iba as the state’s Administrator.
The Administrator will operate under direct instructions from the President.
“While I look forward to the expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration,” Tinubu’s letter added.
Following the reading of the letter, Akpabio committed it to the Senate Committee of the Whole for immediate passage.
Senator Seriake Dickson (PDP, Bayelsa West) then invoked Order 133, requesting a closed-door session.
The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that despite a minor incident at a section of the Port Harcourt Refining Company (PHRC) earlier today, the plant remains operational and continues to produce on-spec refined petroleum products.
ALSO READ: Tinubu Swears In Ibas As Rivers Sole Administrator
This was disclosed in a statement on its verified handle on micro-blogging site, X on Wednesday night by its Chief Corporate Communications Officer, Olufemi O. Soneye.
The NNPC Ltd assures the public that there is no cause for concern, as all sections of the recently rehabilitated plant are in full operation, Soneye explained.
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