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Showing posts from July, 2024

Tribalism Grips Senior Military Officers From The North West Region

By: Benedict AbuBakarr Conteh Tribalism or regionalism has been part of Sierra Leone's political landscape. Historically, this menace became notable during the regime of the second prime minister of Sierra Leone - Sir Albert Margai in 1964; and he was representing the Sierra LeonePeople’s Party. According to many, Prime Minister Margai spontaneously sacked public officials who were from the North of the country especially from the Limba and Temene Ethnic groups, the major tribes in the Northern Region. Though issues of Ethnic sentiments were raised during the regime of President Ernest Bai Koroma of the All People's Congress, however, his government was widely seen as one that was inclusive in terms of regional balance. For instance, the two vice presidents of Sierra Leone from 2007 to 2018 are from the South East Regions - which are dominated by Mende and Kono Tribes. Also, several South Easterners were appointed to senior positions like Internal Affairs Ministry, Finance, Jus...

OKX Crypto Exchange Exits Nigeria Amid Regulatory Crackdown

  By: Benedict AbuBakarr Conteh Crypto exchange OKX has announced its decision to exit the Nigerian market, citing challenges posed by local laws and regulations. This move comes on the heels of similar exits by other major crypto exchanges, including Binance, which is currently facing legal scrutiny in the country. In an email sent to customers on Wednesday, OKX stated that, effective August 16, users would no longer be able to open new trading positions or access most of the platform's services. However, users will still be able to withdraw funds and close any existing positions. “We are discontinuing OKX services in Nigeria following recent changes in local laws and regulations. This decision is part of our ongoing evaluation of regulatory policies in each market we operate,” the exchange explained. OKX advised its users to take several steps before the deadline, including closing all open positions and orders in P2P, margin, perpetual, futures, and options markets. Additionally...