Business
FRSC Arrests 8,112 Offenders In Lagos
The Lagos State Command of the Federal Road Safety Commission (FRSC) has said that its men arrested 8,112 traffic offenders across the state in February.
The state Sector Commander, Mr Chidi Nkwonta, told newsmen in Lagos last Wednesday that the offenders were involved in 9,126 traffic offences.
According to reports, the command arrested 7,710 offenders for 8,606 offences in January.
Shedding light on the arrests in February, Nkwonta said lack of caution signs and non-use of seat belts topped the list of the offences.
“We were able to arrest 8,112 offenders for 9,126 offences in February and we will not cease warning against all actions that are injurious to road safety.
“Road users ought to consider the safety of their lives and those they are carrying above all the reasons they may have to disregard rules.
“Everyone should put safety first and obey traffic laws as a civic obligation, knowing that life has no duplicate,” he said.
He said the nation cannot continue to lose lives to road crashes and all motorists must obey traffic rules.
“We will continue to arrest traffic rule violators until the roads are sanitised.
“We have just flagged off `Operation Crash the Crashes’ on Lagos-Ibadan Expressway, one of our major corridors, with a view to realise zero crashes on our highways,” he said.
Nkwonta said his priority when he assumed office was to raise the level of enforcement of traffic regulations.
The sector commander attributed the low record of casualties during the 2013 ‘Ember Months Patrol’ to emphasis on enlightenment campaigns.
The command recorded 22 road crashes, which claimed 16 lives and left 56 people injured, during the 2013 end of year patrol.
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.
