Latest News
EFCC Secures Court Order to Arrest Six Over $1B CBEX Crypto Scam
The Federal High Court in Abuja has authorized the arrest and detention of six individuals linked to the controversial and now-defunct cryptocurrency investment platform, Crypto Bridge Exchange (CBEX), following allegations of a $1 billion fraud.....KINDLY READ THE FULL STORY HERE▶
Justice Emeka Nwite issued the ruling on Thursday, April 24, 2025, in response to an ex parte application presented by the Economic and Financial Crimes Commission (EFCC). The suspects, including Adefowora Abiodun Olanipekun and Emmanuel Oku, are accused of orchestrating the scheme through a front company known as ST Technologies International Limited.
According to the EFCC, the suspects promoted CBEX as a lucrative crypto investment opportunity, falsely promising up to 100% returns to investors. Many Nigerians were persuaded to convert their digital assets into USDT (a stablecoin), which they deposited into wallets allegedly controlled by the promoters. However, after investors poured over $1 billion into the platform, CBEX suddenly became inaccessible, locking users out of their funds and exposing the fraudulent nature of the operation.
EFCC counsel Fadila Yusuf told the court that the defendants, though not yet in custody, are believed to have international collaborators and are part of a sophisticated scam network. She stressed the need for an arrest warrant and remand order to facilitate further investigations and eventual prosecution under the Administration of Criminal Justice Act.
The EFCC further revealed that while ST Technologies was duly registered with Nigeria’s Corporate Affairs Commission (CAC), it lacked authorization from the Securities and Exchange Commission (SEC) to function as an investment entity.
In granting the EFCC’s request, Justice Nwite found sufficient grounds to issue arrest warrants and approved the Commission’s application to place the suspects on a global Red Notice list through Interpol to aid their capture.
EFCC spokesperson Dele Oyewale reiterated the Commission’s commitment to recovering funds lost by CBEX victims, working with both local and international agencies to bring the perpetrators to justice.
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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