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Showing posts with the label Chinese

Renminbi, Chinese Yuan cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries

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BIG BREAKING NEWS  Chinese Currency Goes Global  the People's Bank of China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world's trade volume will bypass the SWIFT system dominated by the US dollar and directly enter the "digital RMB moment". This financial game, which The Economist called the "Bretton Woods System 2.0 Outpost Battle", is rewriting the underlying code of the global economy with blockchain technology. While the SWIFT system is still struggling with the 3-5 day delay in cross-border payments, the digital currency bridge developed by China has compressed the clearing speed to 7 seconds. In the first test between Hong Kong and Abu Dhabi, a company paid a Middle Eastern supplier through digital RMB. The funds no longer went through six intermediary banks, but were received ...

IGP Egbetokun Summons Kaduna MOPOL Team Caught Receiving Cash From Chinese Nationals*

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April 15, 2025  The Inspector General of Police, Kayode Egbetokun, has summoned the Provost of 1 Police Mobile Force (MOPOL) Kaduna, along with DSP Aliyu Adejembi and his team, over a viral video that shows them collecting cash handouts from Chinese nationals. The officers were reportedly in Lagos on special duty with the Chinese businesspeople when the incident occurred. The video, which has since circulated widely online, shows members of the police unit queuing visibly as they receive money from the Chinese individuals, sparking public outrage and raising concerns over the professional conduct of the security operatives. A police wireless signal dated April 15, 2025, confirmed the development. It reads:  *“Professional misconduct x discreditable conduct x eye respectfully convey INGENPOL directive x that you warn x release x Provost 1 PMF Kaduna x to come along with DSP Aliyu Adejembi x and team x to interview INGENPOL x through PRESSFOR x unfailingly x on Wedne...