Latest News
Ponzi Scheme Panic: CBEX Empties Accounts, Investors Loot Ibadan Office
Tension is rising among users of CBEX, a popular cryptocurrency and forex trading platform, after reports emerged that the company has drained the accounts of hundreds of investors without prior notice. The platform, known for its high-yield investment packages and aggressive online promotions, now faces serious accusations of investment fraud.....KINDLY READ THE FULL STORY HERE▶
Multiple users have come forward, revealing that when they logged into their CBEX accounts over the weekend, they found their balances wiped out. Affected investors, some of whom had invested amounts between ₦200,000 and ₦5 million, are now facing severe financial distress.
Kunle Adewola, a tech expert, expressed his shock to the Nigerian Tribune, stating, “At first, I thought it was a glitch. But when I tried to withdraw and got an error message, I knew something was wrong. My entire savings is gone.”
This incident occurred just hours before the withdrawal date of April 15, which CBEX had promised investors after suspending withdrawals on April 11. The sudden disappearance of funds has left users in disbelief, as there was no prior communication from CBEX administrators explaining the situation or offering any recourse.
Amid the growing frustration, some angry Nigerians took to looting the CBEX office in Oke Ado, Ibadan, Oyo State. Videos circulating on social media show individuals removing televisions, air conditioners, and other office equipment.
The uproar has spread to social media platforms, with many users sharing their personal losses and tagging the platform with hashtags like #CBEXScam and #JusticeForCBEXInvestors. One Twitter user lamented, “CBEX finally crashed. Check your account—AI trade all. Millions of money gone .”
As the scandal unfolds, many are left questioning the safety of cryptocurrency and forex investments in the country, while hoping for some form of restitution or action from authorities.
Latest News
NO RESPECT LEFT? Fani-Kayode Refuses To Address Atiku By Controversial Title In Brutal Slapdown!
Nigeria’s Ambassador to South Africa, Femi Fani-Kayode, has strongly criticized African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, for his Independence Day address. Fani-Kayode took issue with Atiku for repeatedly referring to President Bola Tinubu by his first name, “Bola,” rather than using his official presidential title.....KINDLY READ THE FULL STORY HERE▶
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Disrespectful Address: Fani-Kayode described Atiku’s October 1 address as intellectually flawed, dishonest, and lacking in decency, noting that refusing to call Tinubu “President” displayed petty behavior.
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The “Kachalla” Remark: The ambassador mentioned he was tempted to retaliate by addressing Atiku as “Kachalla,” but chose to maintain a level of respect.
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Backing Osuntokun’s Critique: Fani-Kayode echoed earlier criticisms from Akin Osuntokun, who argued that Atiku’s habit of dropping presidential decorum lacked proper political etiquette.
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A History of Political Confrontations: Fani-Kayode accused Atiku of a long-standing pattern of falling out with political leaders, citing his historical clashes with former President Olusegun Obasanjo between 1999 and 2007.
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Past Controversies: The ambassador also criticized Atiku over his remarks on former President Goodluck Jonathan, his response to Vice President Kashim Shettima, his handling of the 2022 tragic killing of Deborah Samuel in Sokoto State, and what he termed an “inordinate ambition” for political power.
....KINDLY READ THE FULL STORY HERE▶
Lasting roads begin with a clear plan for where rainwater will go. With major repairs planned for the dry season and a proposed drainage connection towards the Ogba River, Governor Monday Okpebholo’s administration has outlined an approach that tackles road rehabilitation and stormwater together.
In this episode of Truth Unveiled, we examine the planning behind that approach—and what its delivery could mean for homes, businesses and everyday movement across Benin’s GRA.
Watch the full podcast.
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“THE REBELLION IS ON: Man City Declares Total War On Premier League Chiefs Over Landmark Decision!”
The Appeal: Manchester City has officially filed a comprehensive appeal challenging the findings of the Premier League Commission following its recent disciplinary decision.....KINDLY READ THE FULL STORY HERE▶
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Filing Timeline and Claims: The club confirmed submitting the appeal at 7:00 PM on Thursday, October 1, 2026, describing the commission’s opinion as unsafe and containing clear material errors of law, principle, and fact while maintaining its complete innocence.
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The Verdict Details: The independent commission previously found City guilty of financial breaches between the 2009-10 and 2017-18 seasons—including arranging sham contracts to disguise over 830 million pounds in secret funding—as well as failing to fully cooperate with the investigation.
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Club and Leadership Response: City expressed surprise and disappointment at the verdict, insisting that comprehensive evidence supports their defense, though public comments remain limited due to ongoing proceedings. Chairman Khaldoon Al Mubarak and CEO Ferran Soriano expressed confidence in proving the club’s innocence.
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Pep Guardiola’s Support: Former manager Pep Guardiola reaffirmed his unwavering backing for the club, ownership, staff, and supporters in a social media statement, declaring that they will get through the challenge together.
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