COINDESK: Bitcoin Markets Muted as Donald Trump Becomes US President

When Donald Trump won the presidential election in November, the price of bitcoin jumped. Following his inauguration today – not so much.

On 9th November, prices bounced more than 3% as Trump, the controversial businessman and Republican presidential nominee, secured the votes to clinch the election versus former US secretary of state Hillary Clinton. That move came as stock markets worldwide sharply fell as Trump's victory became apparent.

The reaction to Trump's inauguration, by contrast, was far more muted.

ICPC To Probe EFCC Over Alleged Diversion Of N1trn

There were many questions raised against the EFFC on the Non-remittance of cash allegation by the House of Representatives yesterday following a motion moved by Minority Leader Leo Ogor.

Ogor is seeking an investigation into the whereabouts of the recovered loot in line with the war against corruption.  Where is the N1trillion forfeited cash with the Economic and Financial Crimes Commission (EFCC)? Has the cash been remitted into government coffers? Was it diverted?


A businessman, George Uboh, had petitioned the Federal Ministry of Justice on the matter, accusing EFCC Chairman Ibrahim Lamorde of diverting the cash.

The ministry has directed EFCC to probe its chairman based on Uboh’s petition.

At plenary yesterday, the House directed its Committee on Financial Crimes to investigate the alleged non-remittance of the funds by EFCC.