Business
Child Rape: A Growing Menace
In all lands and climes, rape is a social ill heavily frowned at and in the African cultural setting, it is particularly a great taboo.
Nigeria is, however, facing a frightening scenario because of the rising wave of children’s rape, a situation which many concerned citizens describe as a very sore point in the nation’s socio-cultural history.
Nigerians are inundated daily with news of rape and molestation of innocent little children, including boys and the most annoying aspect of the development, observers say, is that most of the perpetrators of the heinous crime go scot-free, while the molested child is left to cope with the scars and trauma.
Experts point out that the effects of rape on the victims are very traumatic and could be a life-long experience if there is no proper counseling.
The Criminal Code, defines rape as an “unlawful carnal knowledge of a woman or girl, without her consent, or with a consent obtained by force or by means of threats or intimidation of any kind, or by fear of harm, or by means of false and fraudulent representation as to the nature of the act.”
The Penal Code, which operates in northern Nigeria, also criminalises both rape and “defilement” of girls.
Rights activists note that Nigeria is not oblivious of the global movement toward protecting the children’s rights, as the country in 2003 enacted the Child Rights Act, which domesticates the Convention on the Rights of the Child.
The activists also say that the Act, which was enacted at the federal level, however, has a limiting proviso that requires state legislatures to enact it for its application in their respective states.
Other keen observers say that currently, 24 out of the country’s 36 states have passed the Child Rights Act. They note that the remaining 12 states have yet to pass the law in spite of the intense advocacy visits made to their governors by successive ministers of Women Affairs and Social Development,
Some analysts, nonetheless, express reservations about extant laws on rape and societal attitude to the crime, which seemingly provides escape routes for rapists, thus leading to an upsurge in the crime.
Some medics have even ascribed child rape tendencies to some psychiatric problems in the perpetrators.
“I feel that the rape laws of the land are highly inadequate. Enough of the ‘talk-talk’, there should be some examples to deter others from engaging in such inhuman acts,” says Dr Jasper Oniru, a medical consultant.
“If stiffer penalties are enforced, perpetrators of such acts will think twice before engaging in the dastardly act. It is because of the inadequacies in our laws that people commit the crime and carry on as if everything is norma1.
“How can you explain the N100,000 option of fine given to a man who used a screwdriver to poke the private dart of a young girl?
“It is simply ludicrous and any time I remember the incident I feel outraged. Such a man should be sent to the psychiatric hospital immediately and not to prison,” Oniru says.
Mr Idris Bawa, who is a consultant to the Justice and Growth Programme of the British Council, says that many of the sentences passed by the courts on rape cases are “disturbing”.
According to him, many of the sentences, with option of fines, do not meet international standards.
He says that the Presidency should set up a task force to review comprehensively existing laws, including those on rape, to make them relevant to our contemporary needs.
Bawa says that about 13 bills relating to the rights of women and children, which are pending at the National Assembly (NASS), should also be harmonised and passed.
He says, however, that UK’s Department for International Development (DFID) and the British Council had facilitated a workshop where all the pending bills were harmonised and a copy sent to NASS through the WRAPA an NGO.
Mrs Josephine Anenih, the Minister of Women Affairs and Social Development affirms that urgent steps should be taken to review the old laws and the prescribed sanctions, so as to deter potential offenders.
“I think it is a serious problem that should not be handled with kid gloves. I can assure you that stakeholders are meeting and consulting widely to come up with a lasting solution to this problem,” she assures.
Sharing similar sentiments, a lawyer, Halima Shekarau, who is an executive member of the International Federation of Women Lawyers (FIDA) says that a review of laws on rape is imperative.
“Some offences that pertain to rape were not included in the old law. Punishments were not provided for offences like forced oral sex, anal sex, finger insertion, amongst others,” she says.
Halima, who also works with I S, an NGO, stresses that efforts are being made by stakeholders to create public awareness of the need to review rape laws.
Some observers also note that existing laws are silent on the rape of young boys, which is a rising phenomenon.
Mr Femi Akin-James, a businessman, however, thinks that the problem is not about new or reviewed laws but rather on enforcement.
“You will agree with me that Nigeria boasts of the best policies concerning any issue. On paper, the policies are usually flawless but the problem is always implementation,” he says.
Rights activists recall that a report issued last year by Amnesty International (AI) described rape incidents in Nigeria as a “silent killer” and called on the Federal Govemment to be more firm in dealing with the offenders.
AI’s Africa’s Director, Mr Kola Olaniyan, alleges in the report that some unscrupulous security officials also perpetrated rape offences.
The story of a boy, who was raped by a neighbour that is married to four wives in Nasarawa State, incenses Mrs Joyce Obiakor, a housewife, who wonders if the world is indeed coming to an end.
“How else will I explain that? A year-old boy raped by a man with four wives? That is abominable,” she says.
As Nigeria joins the rest of the world to celebrate the Children’s Day, advocates of child and women’s rights stress the urgent need to safeguard the future of the children.
They called for concerted actions by all stakeholders to stem the sexual abuse of women and children, which is assuming a frightening dimension in the country.
Bada writes for NAN
Yetunde Bada
Business
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Banking/ Finance
Ripple Survey Reveals Appetite for Digital Assets
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.
