The Yoruba Initiatives (TYI), a Socio-Cultural and Non-Political group in the South-West has cautioned against the growing agitation to break-up Nigeria. The group said this in a statement issued by its Spokesman; Mr Fola Olamiti on Monday in Abuja. Olamiti stated that the decision was reached at the end of the second meeting of the group held in Ibadan. The group pledged to join other well-meaning groups in the country to canvass for and ensure that Nigeria was restructured. It also called on the Federal Government to consider a timely restructuring of the country as an immediate solution to the increased agitations. “Restructuring will end the multifaceted problems of Nigeria including corruption, inter-ethnic issues, stifled growth of the federation, widespread security challenges and general suspicion. “The idea to restructure Nigeria has been thoroughly debated and agreed to during the last National Conference by all the geo political zones of the country. “This is the reason why the government should stop dismissing the idea with a wave of hand.’’ The group said the secessionists in some geo-political zones of the country were gaining attention owing to widespread disenchantment with the state of the economy. The group said it was disposed to networking with the State Houses of Assembly, National Assembly and other stakeholders to drive the restructuring agenda of the economy. It said the communiqué issued at the end of the meeting had rejected secession and advocated for the full restructuring of the country. The communiqué said all the geo-political zones supported restructuring in the last National Conference and pledged to join other groups in the South-West to work out appropriate mechanism for the restructuring.
A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category ...
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