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Diaspora News Today: FBI Flags Nigerian Tech Founder Izunna Okonkwo in $41 Million Insider-Trading Probe

  • Writer: Ajibade Omolade Chistianah
    Ajibade Omolade Chistianah
  • Dec 5, 2025
  • 3 min read

global and national developments, from Lagos’ new vaccination push and India–Russia diplomacy to U.S. immigration changes, fraud investigations, infrastructure updates, and fresh economic reforms shaping opportunities for Nigerians at home and abroad.


LASG Begins Second Phase of Polio Vaccination for Children



Lagos State has launched the second phase of its polio vaccination campaign targeting children under five. Health officials aim to boost immunity, prevent outbreaks, and strengthen community protection as part of ongoing statewide efforts to eliminate vaccine-preventable diseases.






Modi and Putin Strengthen India-Russia Ties Amid Global Pressures


Indian Prime Minister Narendra Modi and Russian President Vladimir Putin deepened bilateral cooperation during high-level talks, focusing on defense, energy and trade. Both leaders reaffirmed strategic alignment as geopolitical tensions reshape global alliances and economic dependencies.





FG, World Bank Commit to Expanding Social Protection, Economic Opportunities

Nigeria and the World Bank agreed to scale up social protection programmes, targeting vulnerable households with economic support. The partnership aims to reduce poverty, widen access to livelihood opportunities, and strengthen long-term human capital development.





Sokoto–Badagry Superhighway to Drive Economic Growth, Job Creation


The planned Sokoto–Badagry Superhighway is expected to stimulate trade, agriculture, and logistics while creating thousands of jobs. Government officials say the 1,000-kilometre corridor will boost regional connectivity and support wider economic transformation across northern and southwestern Nigeria.




Diaspora Star | Wisdom Kaye: A Gentle Rise From Lagos Roots to Global Fashion Influence

Fashion creator Wisdom Kaye’s journey spans Lagos beginnings to global runway success. His innovative styling, cultural pride, and digital influence have made him a standout figure shaping modern fashion conversations and inspiring young creatives worldwide.





How to Build Generational Wealth as a Nigerian in the Diaspora

Building generational wealth requires disciplined saving, diversified investments, and long-term planning. Nigerians abroad are encouraged to leverage diaspora income, invest strategically in global and Nigerian assets, and prioritize estate structures that secure financial stability for future generations.





US Reduces Work-Permit Validity for Foreign Workers to 18 Months

The United States has shortened Employment Authorization Document validity to 18 months for foreign workers. The policy change affects new applicants and renewals, tightening documentation timelines and prompting immigrants to adjust work-planning and visa-management strategies.





FBI Flags Nigerian Tech Founder Izunna Okonkwo in $41 Million Insider-Trading Probe


U.S. investigators have linked Nigerian tech entrepreneur Izunna Okonkwo to an alleged $41 million insider-trading scheme. The FBI claims he exploited confidential market information for profit, leading to intensified scrutiny of his business dealings and financial records.




Lagos Rakes In $6bn Tech Funds in 5 Years

Lagos has attracted over $6 billion in tech funding in half a decade, reinforcing its status as Africa’s leading startup hub. Officials credit investor confidence, talent density, and government-backed innovation initiatives for driving industry-wide growth.




FG Moves to Extend Social Protection to Over 60m Informal Workers

The Federal Government is expanding social protection to cover more than 60 million informal-sector workers. The initiative aims to improve welfare, financial security, and economic inclusion, addressing long-standing gaps affecting artisans, traders, and low-income earners.




U.S. Jails Nigerian Man for $1.4m COVID-19 Loan Fraud

A U.S. court has sentenced a Nigerian man to five years in prison for a $1.4 million COVID-19 loan fraud scheme. Prosecutors say he exploited pandemic relief programmes using false identities, diverting funds for personal gain before investigators uncovered the operation.




Senate Orders Nationwide Crackdown as Lead Poisoning Hits Lagos

Following reports of severe lead contamination in Lagos communities, the Senate has ordered nationwide enforcement against unsafe mining, recycling, and industrial practices. Lawmakers demand urgent cleanup efforts to protect public health and prevent further environmental damage.


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