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Osun Broadcaster Sanctioned Over Unauthorized Promotion of Collapsed CBEX Scheme
Osun State Broadcasting Corporation (OSBC) has disciplined a radio presenter for airing a segment promoting the now-defunct CBEX Trading Exchange Global scheme without prior authorization.....KINDLY READ THE FULL STORY HERE▶
According to a statement released on Wednesday, OSBC clarified that the misleading content, which aired on Orisun FM in Ile-Ife, was broadcast without the knowledge or approval of the corporation’s editorial board.
Gbenga Faminu, the corporation’s Public Relations Officer, revealed that the controversial five-minute segment was detected and the presenter involved has been sanctioned. He further noted that an internal investigation confirmed the presenter acted independently, without direction from station management.
OSBC emphasized that it operates under stringent ethical and regulatory standards and that it remains a credible and responsible platform for public education and enlightenment across the South-West.
In response to the incident, the station said it has implemented measures to prevent similar occurrences in the future and urged the public to remain vigilant against fraudulent investment platforms.
The CBEX Trading Exchange Global had garnered attention via unverified media exposure before its abrupt collapse, which left many Nigerians defrauded. OSBC firmly stated that it has no affiliations with CBEX, nor did it benefit from or endorse the scheme.
Faminu reiterated the corporation’s commitment to transparency, professionalism, and public trust, adding that media organizations must remain alert to the ever-evolving tactics of financial scammers.
Meanwhile, the Economic and Financial Crimes Commission (EFCC) has opened investigations into the collapsed CBEX platform, noting that it had previously issued public advisories regarding its activities.
Kaduna State Governor, Uba Sani, says the state has mapped out 22,435 hectares of degraded land for restoration under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project using modern geospatial mapping technology.....KINDLY READ THE FULL STORY HERE▶
He said the initiative is part of efforts to strengthen climate resilience, tackle environmental degradation, and promote sustainable land use in the state.
Speaking at the ACReSAL mid-term review meeting in Kaduna through the Commissioner for Environment and Natural Resources, Abubakar Buba, the governor explained that the use of geospatial tools has made it possible to accurately identify affected areas for targeted intervention.
He added that the project is not only focused on land recovery but also on boosting agricultural output and improving livelihoods in affected communities.
Sani also noted that the state is supporting the programme with empowerment initiatives, including training over 500 women, youths, and school feeding vendors in biomass briquette production.
According to him, the effort is already helping to reduce dependence on firewood while creating alternative sources of income for beneficiaries.
President Tinubu has given full backing for the implementation of the ₦68.32 trillion 2026 budget after signing the Appropriation Bill passed by the National Assembly into law.....KINDLY READ THE FULL STORY HERE▶
He also approved an amendment extending the lifespan of the 2025 budget from March 31 to June 30, 2026, to ensure completion of ongoing capital projects nationwide.
Under the 2026 fiscal plan, ₦4.799 trillion is set aside for statutory transfers, ₦15.8 trillion for debt servicing, ₦15.4 trillion for recurrent spending, while ₦32.2 trillion goes to capital projects—about half of the total budget.
The focus, according to the administration, is on infrastructure development, security, and growth-driven investments aimed at improving living standards.
Speaking on the development, presidential aide Bayo Onanuga said the extension of the 2025 budget will help ensure full use of allocated funds, especially for major ongoing projects.
Tinubu directed all ministries, departments, and agencies to ensure transparency, discipline, and value-for-money in implementing the budget, while praising the National Assembly for its swift passage of the bill.
He also reaffirmed his administration’s commitment to economic reforms, revenue growth, job creation, and social welfare improvements.
The Peoples Democratic Party (PDP) in Kwara State has described moves to prosecute former Senate President Bukola Saraki and former Governor Abdulfatah Ahmed over alleged culpable homicide as an attempt to reopen the 2018 Offa robbery tragedy for political purposes.....KINDLY READ THE FULL STORY HERE▶
In a statement on Friday, the party’s spokesperson, Olusegun Adewara, said the development is a disturbing and dangerous politicisation of a case they claim has already been addressed through judicial processes.
He warned against dragging the state into fresh tension, accusing the state government of attempting to revive old allegations for political advantage.
Adewara said the PDP would not remain silent while what he called “political narratives” are used to influence public perception around a tragic incident that claimed multiple lives in Offa in 2018.
He also urged residents, especially affected families, not to allow their pain to be used for political gains, insisting it is unjust to associate Saraki with the crime.
The party further alleged that the move is aimed at distracting attention from governance challenges in the state.
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