Latest News
EFCC, SEC Crack Down on CBEX After ₦1.3 Trillion Ponzi Collapse
Following the sudden collapse of CBEX, a digital asset investment platform that lured investors with promises of 100% returns within 30 days through artificial intelligence-based crypto trading, Nigerian authorities have pledged decisive action.....KINDLY READ THE FULL STORY HERE▶
The Economic and Financial Crimes Commission (EFCC) and the Securities and Exchange Commission (SEC) are now pursuing individuals responsible for the alleged scam that has left investors counting losses estimated at ₦1.3 trillion.
In a press statement on Wednesday, SEC Director-General, Dr. Emomotimi Agama, reassured the public of the commission’s resolve to identify and apprehend those behind CBEX. Although no formal complaints had been lodged with the SEC at the time, Agama emphasized that investigations would proceed regardless. “We sympathize with the victims and will do all within our power to trace and prosecute the culprits,” he stated.
Agama also issued a strong warning to Nigerians about the risks of investing in schemes that appear too good to be true. He advised potential investors to verify the registration status of platforms via the SEC’s website or official contact lines. He also disclosed that the Senate had recently approved ₦10 billion to enhance investor education and expand SEC’s national outreach to prevent future fraud.
Meanwhile, EFCC spokesperson Dele Oyewale revealed that the commission had been monitoring CBEX even before public complaints emerged. Alerts had been raised in March, and EFCC operatives were already profiling the platform.
Oyewale further confirmed that recovery efforts were underway. “We are working to recover the stolen funds and ensure investors are reimbursed. It may take time, but we are committed to holding the perpetrators accountable,” he noted. He added that EFCC is collaborating with international partners, including Interpol, to locate and prosecute those involved.
The joint response from the SEC and EFCC underscores the federal government’s commitment to eradicating financial crimes and protecting investors from fraudulent digital investment schemes.
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.
Latest News
“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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