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CBEX Not Licensed to Operate in Nigeria – SEC Warns Public

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The Securities and Exchange Commission (SEC) has officially warned the Nigerian public against engaging with Crypto Bridge Exchange (CBEX), stating the platform is not registered to operate as a digital asset exchange in the country.....KINDLY READ THE FULL STORY HERE▶

In a statement released on Thursday, April 17, the SEC disclosed that CBEX—also operating under aliases like ST Technologies International Ltd and Smart Treasure/Super Technology—has been illegally soliciting investments from Nigerians, luring them with the promise of excessively high returns.

According to the regulatory body, CBEX has never obtained authorization to function as a digital exchange or offer investment opportunities within Nigeria’s capital market. The platform had been reportedly offering up to a 100% return on investment within just 30 days—an offer the SEC deemed highly unrealistic and suspicious.

Ongoing investigations have uncovered several irregularities, including falsified withdrawal records aimed at hiding the platform’s inability to process user fund requests. Furthermore, the company has allegedly shut down its physical offices in response to a wave of investor complaints.

The SEC announced that it will be taking enforcement actions against CBEX and its promoters, in collaboration with law enforcement agencies, citing its powers under the newly enacted Investments and Securities Act 2025.

The Commission also urged the public to steer clear of any investment schemes that offer guaranteed or unusually high returns, particularly from unlicensed operators.

Emomotimi Agama, Director-General of the SEC, stressed that the Commission is now deploying a broader enforcement strategy to dismantle illegal financial schemes, commonly referred to as Ponzi schemes. He assured Nigerians that the provisions of the 2025 Securities Act now give the SEC greater legal power to prosecute digital fraud operators.

Agama further affirmed the Commission’s commitment to encouraging financial innovation within a properly regulated environment, ensuring investor protection and market integrity.

Meanwhile, the Federal Government has extended its support to victims of the CBEX scam and called on Nigerians to collectively combat the rising tide of Ponzi operations threatening public trust in investment platforms.

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‘I Have Stopped Impregnating Women’ – 2Baba Makes Shocking Revelation.

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Nigerian music star Innocent Idibia, popularly known as 2Baba, has declared that he no longer impregnates women.....KINDLY READ THE FULL STORY HERE▶

The singer made the statement on Saturday during a live performance at Rehab Lounge in Calgary, Canada.

While performing his hit song True Love, 2Baba paused to interact with the audience and playfully asked the women present to identify where his true love was.

He jokingly wondered whether she was standing at the back of the venue or somewhere in front of him before making a remark about his experiences with women.

The award-winning musician told the audience that he had stopped getting women pregnant, adding that he had been making the same confession wherever he performed recently.

He said, “For the purpose of this show, I will pretend like I’ve never seen anything before. Where’s my true love? Is she back there? Is she right here? Is she somewhere here? Where’s my true love? You people shouldn’t put out me for trouble.

“As I said, some ladies they fear to shout. See, everywhere I go these days, I make this confession. As I say, some ladies they fear to shout. I say, I don’t fear to shout. Because I don’t stop to dey give woman belle. Ask anyone, they’ll tell you, I don’t do such thing things again.”

The singer’s comment comes amid public interest in his personal life and relationships.

2Baba was previously married to Nollywood actress Annie Macaulay-Idibia. The couple announced their separation in January 2025 after having two children together.

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NPFL Cracks Down! Abia Warriors, Katsina United, Warri Wolves Hit With Sanctions.

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Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.....KINDLY READ THE FULL STORY HERE▶

Abia Warriors were fined ₦3.2 million for failing to provide adequate security as agreed during the pre-match technical meeting ahead of their encounter with Niger Tornadoes.

The Umuahia-based club was also found guilty of an attempt by one of its officials to disrupt the live broadcast of the match by harassing a crew member of the league’s broadcast partner.

As part of the disciplinary measures, Abia Warriors’ multimedia officer, Chidera Favour Igwe, has been suspended from all NPFL match activities for five matches.

Katsina United, meanwhile, were fined ₦2 million for failing to provide adequate and effective security during their home fixture against Plateau United.

The club was also sanctioned for allowing supporters to encroach onto the field of play during the encounter.

Warri Wolves Receive Heaviest Punishment

Warri Wolves have been handed the most severe sanctions following the unruly behaviour of their supporters during Sunday’s Matchday 10 clash against Kano Pillars in Ozoro.

The Seasiders were fined ₦4.2 million and docked three points and three goals from their accumulated tally. The club was also ordered to play its next three home matches behind closed doors.

According to the NPFL, Warri Wolves failed to provide adequate security at the stadium, resulting in an assault on match officials after the final whistle.

The league further disclosed that the second assistant referee sustained a nose injury and was left bleeding during the incident.

The NPFL stated that all three clubs have 48 hours from the date of notification to appeal their respective sanctions in accordance with the league’s disciplinary procedures.

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‘Bala Mohammed Is The Incoming Senate President’ – Makinde Makes Stunning Claim.

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The presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has predicted that Bauchi State Governor Bala Mohammed will become Nigeria’s next Senate President if the party wins the 2027 general election.....KINDLY READ THE FULL STORY HERE▶

Makinde made the declaration on Thursday during the APM South-West town hall meeting in Akure, the Ondo State capital.

He expressed confidence that the party would secure a sweeping victory in the 2027 polls, describing its agenda as a plan to reset the country.

Makinde made the prediction after Mohammed was introduced at the gathering and described as an incoming senator.

Speaking at the event, the APM presidential candidate said, “Well, APM is going to win this election overwhelmingly because this is the reset agenda being put before Nigerians, so I dare to say that my national leader is the incoming Senate President of the Federal Republic of Nigeria.”

He urged Nigerians to listen to the party’s message and support its proposed agenda ahead of the 2027 elections.

Makinde also discussed the qualities he believes Nigerians should consider when choosing their next president, arguing that physical energy and the ability to tackle national challenges should take precedence over age.

According to him, the next president must possess the stamina to work long hours and respond effectively to the country’s pressing problems.

He stated, “While I will not make age an issue in this campaign, I will make energy, having energy, being able to stay up late to deal with the challenges we face as a country.”

Makinde further challenged presidential candidates to demonstrate their physical fitness, urging voters to consider their capacity to handle the demands of the presidency.

“So please, when they bring their presidential candidates, let the candidates be able to jump, and if they can do that, vote for them,” he added.

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