Breaking News
Trump Tells Australian Journalist To ‘Be Quiet’ Over Question On Business Dealings As President, Conflict Of Interest
According to The Daily Beast, the exchange occurred during a press briefing at the White House before Trump departed for his state visit to the United Kingdom.....TAP TO CONTINUE READING
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United States President Donald Trump on Tuesday told an Australian journalist to “be quiet” after being pressed about whether he was enriching himself while in office.
According to The Daily Beast, the exchange occurred during a press briefing at the White House before Trump departed for his state visit to the United Kingdom.
John Lyons, a correspondent with the Australian Broadcasting Corporation, had asked the president whether it was appropriate for a sitting president “to be engaged in so much business activity,” referencing reports that Trump and his family had made billions since his return to power.
“Well, I’m really not. My kids are running the business. I’m here,” Trump replied, before asking Lyons where he is from. “In my opinion, you are hurting Australia very much right now, and they want to get along with me.”
“You know your leader is coming over to see me very soon. I’m going to tell them about you. You set a very bad tone,” the president added, referencing Australia’s Prime Minister Anthony Albanese, who has been seeking a face-to-face meeting with Trump, though no date has been confirmed.
As Lyons continued to push on the issue, Trump abruptly told him to be “quiet” while moving on to take another question.
Before the heated exchange, Lyons had asked Trump directly how much wealthier he is compared to when he returned to the White House.
“Well, I don’t know the deals I’ve made for the most part, other than what my kids are doing, they’re running my business,” Trump said. “But most of the deals that I’ve made were made before.
“I’ve built buildings, like I’m building a building here,” he added, pointing toward an area where he said he plans to build a $200 million ballroom at the White House.
Previously, SaharaReporters reported that President Trump had the most lucrative year of his life, with his net worth skyrocketing to a record $7.3 billion, up from $4.3 billion in 2024.
This $3 billion gain catapulted him 118 spots on Forbes 400, landing him at No. 201 this year.
Trump’s primary vehicle for enrichment has been cryptocurrency.
His crypto venture, World Liberty Financial, launched in September 2024, with his three sons initially struggled to gain traction.
However, after winning the White House, the project took off, thanks in part to a $75 million investment from crypto entrepreneur Justin Sun, who was previously accused of fraud by the Securities and Exchange Commission, according to a Forbes report.
In January, days before reentering the White House, Trump launched a memecoin, adding hundreds of millions to his pile of cash.
In office, Trump rolled back regulatory enforcement of crypto and signed legislation favorable to the industry, ensuring he would personally benefit from conflicts of interest.
His memecoins, initially tied up for three months, now unlock daily, freeing tens of millions per week. World Liberty Financial, meanwhile, has continued selling tokens, including to opaque buyers, generating an estimated $1.4 billion so far.
A Trump family entity receives a roughly 75% cut of those sales, amounting to more than $1 billion.
The president apparently made plans to sell part of that entity, according to a letter that a court-appointed monitor overseeing the Trump Organization wrote to a New York judge in May.
It remains unclear what percentage the president sold or whether the transaction even happened. The identity of the supposed buyer also remains unknown.
In July, he knocked out a couple of smaller loans, totaling an estimated $15 million, against mansions in New York and Florida. He also loaded up on municipal and corporate bonds. Trump’s balance sheet is now stronger than it has ever been, with an estimated $1.1 billion of liabilities and $8.4 billion of assets, $1.1 billion of which are in liquid holdings.
Most of Trump’s jump in net worth comes from his move into cryptocurrency, which provided him with a substantial sum of money. He still has plenty of coins leftover, set to jump in value as they unlock over the course of his presidency.
Below, Forbes highlights which parts of the Trump fortune improved the most over the last year: Memecoin: +$710 million; Liquid assets: +$660 million; Licensing and management business: +$410 million; Legal victory: +$470 million; World Liberty Financial tokens: +$340 million, and Stablecoin business: +$240 million.
Appellate judges in New York threw out a roughly $500 million fraud penalty in August. Trump’s real-estate licensing business, stalled out for years, has come roaring back to life, with new deals in Saudi Arabia, Vietnam, Romania, India, Qatar, and the United Arab Emirates.
Revenues jumped an estimated 580% in 2024 to $45 million, boosting the value of the business by $400 million. In the United States, the president’s golf-and-club portfolio continues to thrive, as profits jumped an estimated 30% in 2024, adding roughly $325 million to Trump’s net worth.
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Breaking News
Oyo police intercepts truck conveuing explosives in Saki
The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING
Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.
Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.
Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.
The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.
The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.
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Breaking News
Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA
One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING
According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.
The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.
“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.
Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.
“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.
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Breaking News
2026 UTME: JAMB scraps special privileges for albino candidates over malpractices
The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING
The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.
As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.
Oloyede said the meeting was convened to review and assess previous admission exercises.
He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.
“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.
“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.
Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.
“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.
“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.
On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.
“Students who are already in school but want to change courses and are applying again must declare and disclose their status.
“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.
“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.
On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.
“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.
“This is to diversify the student population and admit eggheads from different communities,” he said.
He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.
On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.
“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.
The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.
The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.
On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.
“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.
He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.
Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.
He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.
On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.
He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.
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