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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.
Nigeria Customs Service (NCS) has recorded a historic breakthrough with the emergence of its first female pilot, Superintendent of Customs Nafisat Balogun, who recently earned a commercial multi-engine pilot licence in the United States.....KINDLY READ THE FULL STORY HERE▶
The achievement was celebrated by the Nigeria Customs Technical Hangar Service, marking a significant step in the agency’s drive to strengthen its aviation capacity for surveillance, logistics, and anti-smuggling operations.
At a ceremony attended by senior officers, the Managing Director of the Customs Technical Hangar Service, retired Comptroller of Customs Capt. Kuhi Mbaya, described the development as a landmark moment for the service.
He said Balogun’s transition from cabin crew to certified commercial pilot represents a major breakthrough for the Customs aviation unit and highlights the agency’s commitment to professional growth and inclusivity.
He added that the milestone reflects expanding opportunities within the Service as it continues to integrate air assets into its enforcement and border monitoring operations.
Balogun expressed gratitude for the support she received, noting that her journey required dedication and resilience, while pledging to apply her new skills in advancing the Customs mandate with professionalism and discipline.
The development has been widely described within the Service as an inspiration for greater female participation in technical and specialised roles.
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Osun 2026: APC Candidate Oyebamiji Pledges Inclusive Governance For Non-Indigenes, Interest Groups.
The All Progressives Congress (APC) governorship candidate in Osun State, Asiwaju Bola Oyebamiji (AMBO), has pledged to ensure inclusive governance by integrating non-indigenes and various interest groups if elected in the August 15, 2026 governorship election.....KINDLY READ THE FULL STORY HERE▶
He said his administration would operate a structured system that promotes participation and representation of all segments of society in governance.
The pledge was conveyed by a former lawmaker and ex-Special Adviser on Civic Engagement, Hon. Olatunbosun Oyintiloye, after he represented the candidate at an engagement with members of the Arewa community in Ibokun, Obokun Local Government Area.
Oyintiloye said the plan is aimed at strengthening the link between government and grassroots communities, ensuring public policies reflect citizens’ real needs.
He added that all groups would be actively involved in both policy formulation and implementation to drive development in the state.
Oyebamiji also promised continued engagement with farmers, traders, artisans, and non-indigene communities as key stakeholders in governance.
Responding, leaders of the Arewa community commended past inclusion efforts and pledged support for the APC candidate ahead of the election.
Barely a year after its inauguration in Akwa Ibom State, the African Democratic Congress (ADC) has been plunged into a deep factional crisis.....KINDLY READ THE FULL STORY HERE▶
Multiple factions are now locked in a struggle for control of the party, leaving members uncertain about the legitimate leadership structure.
One faction is led by John Akpanudodehe, a former National Secretary of the All Progressives Congress (APC), while another is headed by the embattled state chairman, Dick Duke.
Although the leader of a third faction could not be immediately confirmed, findings indicate that another group also exists within the party.
Sources further suggest that the Akpanudodehe-led faction is seeking to remove the current chairman through a recently held congress that has sparked controversy.
In response, Dick Duke convened a stakeholders’ meeting over the weekend, where he rejected the legitimacy of the said congress.
He said the party had formally written to the Independent National Electoral Commission (INEC) to distance itself from the exercise, citing a subsisting court order.
According to him, his tenure as state chairman is still valid until May, and any congress conducted before then would be unlawful.
Duke added that the party would only proceed with proper congresses after the expiration of his tenure and the resolution of legal issues, in line with due process.
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