News

Woman Loses N6.2m Contributors’ Funds In Failed CBEX Deal, Takes Ill

Woman Loses N6.2m Contributors’ Funds In Failed CBEX Deal, Takes Ill

Sad tales continue to cascade down from the crash of digital asset trading platform,Cbex, as a Nigerian woman said she is presently receiving bags of intravenous (IV) fluid, popularly known as drip water, following her use of contributors' funds to invest in the platform. In a story relayed on Phoenix , @kiddiesbykoko, on Tik Tok, said, tearfully, that she ploughed in N6.2 million of other people's money in her custody into the platform -and now the money is gone. The post elicited several reactions by readers,some highly critical of her action,others leaning towards sympathy. She shared a video of herself…
Read More
Court Jails Businessman For Refusing To Accept Payment In Naira 

Court Jails Businessman For Refusing To Accept Payment In Naira 

Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, April 15, 2025, convicted and sentenced one Uzondu Precious Chimaobi to four years imprisonment for his refusal to accept the Naira as a legal tender.  Chimaobi was arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on February 5, 2025 on a two-count charge bordering on refusal to accept the Naira as a legal tender.  One of the counts reads: "That you, Precious Chimaobi Uzondu, on the 10th of December 2024, in Lagos, within the jurisdiction…
Read More
Olubadan Installs New Chiefs, Alaafin Preaches Peace To Communities

Olubadan Installs New Chiefs, Alaafin Preaches Peace To Communities

By Stephen Gbadamosi, Ibadan The Olubadan of Ibadanland, His Imperial Majesty, Oba Akinloye Owolabi Olakulehin (Ige Olakulehin 1), has installed nine new Mogajis and two Baales. According to a statement by the Chief Press Secretary (CPS) to the Olubadan, Chief Solomon Ayoade, on Tuesday, April 15, the installation ceremony took place on Monday at the Olubadan's Palace, Oke Aremo, Ibadan, the Oyo state capital, South-West Nigeria. During the ceremony, the Olubadan, speaking through High Chief (Senator) Sharafadeen Abiodun Alli, Ekarun Balogun of Ibadanland, congratulated the newly-installed traditional title holders for being counted worthy to receive the titles. "You are the…
Read More
Alleged Sexual Harassment: How Abuja Got FUOYE VC Out, Replaced

Alleged Sexual Harassment: How Abuja Got FUOYE VC Out, Replaced

By Stephen Gbadamosi, Ibadan The Governing Council of Federal University, Oye-Ekiti (FUOYE) has allegedly suspended its Vice-Chancellor (VC), Professor Abayomi Sunday Fasina. While the institution claimed that the embattled VC was embarking on a six-month accumulated leave, sources said he was eased out, following allegations of sexual harassment made against him by a senior university official, Mrs. Folasade Adebayo. On Monday, the university’s Registrar and Secretary to the Governing Council, Mufutau A. Ibrahim, had disclosed in a memo that the Council made the decision in agreement with Fasina. "The Governing Council of the Federal University Oye-Ekiti (FUOYE), at its 7th…
Read More
At Press Week, Taraba NUJ Chair Stresses Unity, Sacrifice

At Press Week, Taraba NUJ Chair Stresses Unity, Sacrifice

By Okerafor Athanasius, Jalingo Chairman of Taraba State Council of Nigeria Union of Journalists (NUJ), Comrade Matthew Eluid Jen, has stressed the importance of unity and sacrificial lifestyle among members to achieve desired goals Jen stated this while delivering a keynote address on the occasion of a press conference to sensitize members and the general public on activities lined up for NUJ's Press Week. The media conference held at the Oyakhire Press Centre Jalingo, the state capital. Jen lauded the efforts of the Press Week Organizing Committee, saying they have done well, despite lean resources. He said celebrating the union's…
Read More
Easter: Alia Gives 3 Work-free Days To Civil Servants

Easter: Alia Gives 3 Work-free Days To Civil Servants

By Sam Tyav, Makurdi Benue State Governor Hyacinth Iormem Alia has declared three work-free days to enable residents of the largely Christian North-Central State celebrate Easter. This is in recognition of the significance of Easter to the Christian community in Benue State,a government statement said. The statement from the Office of the Secretary to the State Government (SSG) indicated that Gov. Alia has declared Thursday, Friday, and Monday as work-free days for all civil servants. The statement, signed by the SSG, Mrs Serumun Deborah Aber, revealed that the decision was to enable civil servants participate fully in the sacred celebrations…
Read More
Angry Subscribers Loot CBEX Ibadan Office, As Security Personnel Take Over

Angry Subscribers Loot CBEX Ibadan Office, As Security Personnel Take Over

By Stephen Gbadamosi, Ibadan Men of the Nigeria Police and Amotekun Corps, on Tuesday, April 15, took over the Oke-Ado, Ibadan office of self-styled online asset investment platform, CBEX. The development followed Monday night's looting of the facility by suspected subscribers after learning that the scheme had collapsed. Video of residents and hoodlums carting away goods, including electronics and office furniture, from the Oke-Ado office went viral, Monday night. On Tuesday, residents across Ibadan metropolis were discussing the loss they had incurred in the scheme, with many lamenting that they could no longer access their accounts with CBEX online. A…
Read More
Alleged Summons: HURIWA Urges Fubara To Respect His Office, Rivers People, Refuse To Appear

Alleged Summons: HURIWA Urges Fubara To Respect His Office, Rivers People, Refuse To Appear

By our reporter The recent suspension from office of Rivers State governor, Sim Fubara, by President Bola Tinubu, imposition of emergency rule and appointment of former Naval Chief, Vice Admiral Ibok-Ete Ibas (rtd) as Sole Administrator of the oil-rich Niger Delta State, have continued to generate different strands to the controversy. In the latest development, following a purported summons to Fubara by the Sole Administrator for the former to appear at Government House,Port Harcourt on Friday, April 18, a rights group, Human Rights Writers Association of Nigeria (HURIWA) has requested the governor not to honour the summons. Contending that the…
Read More
Kebbi Upbeat About $700m Water, Sanitation Project

Kebbi Upbeat About $700m Water, Sanitation Project

By John Bassey, Gusau Kebbi State Government has reaffirmed its readiness to fully implement the $700 million Federal Government (FG)/World Bank-assisted Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene (SURWASH) project in the North-West State. A combined team from the Federal Ministry of Water Resources and the World Bank is currently in the state for an assessment of the water sector -a key step toward the programme’s rollout. The development came as journalists and some security personnel in the state received training on transparent reporting as part of efforts to drive home to the grassroots official communication on impactful…
Read More
51 Killed In Plateau State-Reuters

51 Killed In Plateau State-Reuters

At least 51 people were killed by gunmen in the early hours of Monday in Nigeria's northern Plateau state, residents and Amnesty International told Reuters , two weeks after deadly clashes in another part of the state left dozens dead. Last week, the national emergency agency said gunmen had killed at least 52 people and displaced nearly 2,000 others over several days of attacks in Plateau, which has a history of violence between farmers and cattle herders. On Monday, residents said 51 bodies had been recovered in the Zikke and Kimakpa villages in Plateau's Bassa district, while several more were…
Read More