Business
Surrender Explosives, Anti-Bomb Squad Tells Militants
The Commissioner of Police in-charge of Anti-Bomb Squad, Mr. Chris Olakpe has urged the Federal Government’s Amnesty team to extend its operations to the recovery of explosives in illegal possession.
Mr. Olakpe, who made the call Friday, during a courtesy call on Rivers State Governor, Chibuike Amaechi, described explosives as a most devastating instrument which must be recovered from illegal use to ensure the safety of the environment.
The Commissioner said already men of the Anti-bomb unit have been dispatched to Maiduguri to detonate explosives recovered from the Boko Haram sect, while efforts were been made to recover and detonate those from Bauchi State and other parts of the country.
On the new charge to fish out and detonate explosives in Rivers State, the Anti Bomb Police Commissioner said the disarmament process would soon commence and called for the cooperation of the people of the state in ridding the environment of explosives.
The Police Commissioner said the state got two brand new tiger 4×4 vehicles, equipped with explosive antidote configuration, while his visit is also part of effects to beef up all aspects of EOD unit in the state to meet present realities.
The Police Commissioner said he had already visited the Port Harcourt Refinery to educate workers on steps to be taken in an event of explosion and how to envisage dynamite or a bomb.
The Anti Bomb Police boss said he is also using part of his visit to launch an awareness campaign in the state and thanked the state government for its assistance to the unit, particularly for the provision of brand new pick up vehicle to ease its job.
Responding, Governor Chibuike Rotimi Amaechi assured the Police Commissioner in-charge of Explosive Ordinance Dispcsal (EOD) that members of the Amnesty Committee would be reminded to request those surrendering arms to also hand over explosives in their possession.
“Thank you for drawing our attention to the issue of explosives, having reminded me, I will bring it to the attention of the Amnesty Committee to also request them to surrender their explosives like dynamites etc” Governor assured.
He congratulated the Police EOD Unit for benefitting from the new equipment, noting that Nigerians have started taking the lives of her citizens seriously, and reminded the Police of their responsibility to maintain law and order in the society.
In a related development the police commissioner in charge of anti Bomb squad, Mr Chris Olakpe, has said that Explosive Ordinance Disposal (EOD) Unit of t~ State Police Command has been strengthened for better performance.
Mr Alakpe who disclosed this Friday during a courtesy call on the State Governor Rt. Hon. Chibuike Rotimi Amaechi at Government House, Port Harcourt, said the State Anti Bomb Unit benefitted from the 28 new vehicles fully equipped with accessories provided by the Inspector General of Police (IGP).
The Police Commissioner said the state got two brand new tiger 4×4 vehicles equipped with explosive antidote configuration while his visit is also part of effects to beef up all aspects of EOD unit in the state to meet present realities.
According to him, Rivers people would begin to see more Anti bomb vehicles parading the streets because they have instruction to fish out those involved in illegal use of explosives and to get them disarmed as well as render the area safe.
He used the opportunity to appeal to the State Governor to remind the Amnesty Committee through the Federal Government that while the Committee is looking for guns they should also look for the most devastating instrument which is the explosives to ensure safe environment.
Mr Alakpe said already his men from Lagos has gone to Maiduguri to demolish over 20 explosives recovered from the Boko Haram while work is going on in Bauchi State to demolish those recovered from the sect in the state.
The Police Commissioner said he had already visited the Port Harcourt Refinery to educate workers on steps to be taken in an event of explosion and how to envisage dynamite or a bomb.
The Anti Bomb Police boss said he is also using part of his visit to launch an awareness campaign in the state and thanked the state government for its assistance to the unit particularly for the provision of brand new pick-up vehicle to ease its job.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
