LEGENDINFO

The Federal High Court in Abuja on Wednesday granted an application by the ICPC to temporarily take over the expansive land approved for the Goodluck Jonathan Legacy Model Housing Estate. Justice Mohammed Umar granted the application after ICPC’s lawyer, Osuobeni Akponimisingha, moved a motion ex parte to the effect. Justice Umar held that the interim forfeiture of the multi-billion naira assets approved by the Federal Mortgage Bank of Nigeria (FMBN) shall be pending the hearing and determination of the substantive suit. The News Agency of Nigeria (NAN) reports that the anti-corruption agency, in the motion ex-parte marked: FHC/ABJ/CS/1124/2025, listed FMBN as sole respondent. The commission sought an order “temporarily forfeiting Plot No. 5 in Cadastral Zone D12, Kaba District, Abuja, measuring approximately 122015.80m2 and valued at N1,944,375,000.00 (One Billion, Nine Hundred Forty-Four Million, Three Hundred and Seventy-Five Thousand Naira).” It also sought an order temporarily fo...

Bitcoin could be on track for its “best ever” second half of a year, thanks to growing institutional interest and aggressive treasury accumulation, according to Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered. In a note released Wednesday, just hours before Bitcoin surged past $109,000 for the first time in three weeks, Kendrick predicted the flagship cryptocurrency is on its way to breaking previous highs. “Bitcoin to print new all-time highs in H2,” Kendrick wrote, forecasting that acquisitions in both Q3 and Q4 could each exceed the 245,000 BTC accumulated in Q2. The digital asset previously hit a record $111,814 in May, and Kendrick believes a new high is imminent. Kendrick also noted that Bitcoin appears to have broken from its traditional post-halving trend of declining prices. “Which would have led to price declines in September-October 2025,” he wrote, referencing historical patterns following Bitcoin halving events. Still, he warned that volatility...