Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts. The digital trading platform crashed on Monday after the money in their investors’ wallets vanished. CBEX also locked its telegram channels and postponed its…
The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…
The Deputy Governor of Lagos State, Dr. Obafemi Hamzat, has lamented the excessive estimated billing by electricity distribution companies, revealing that Eko Disco issued a N29 million bill to his residence at the State House this month. Before then, he said the disco brought a N2.7 million bill to his house for electricity consumption in…
The trial of Jude Okoye, former Manager of Psquare group, over alleged money laundering to the tune of N1.38 billion, $1 million and £34,537.59, commenced, yesterday, before a Federal High Court sitting in Lagos, with his younger brother, Peter Okoye, testifying against him. Jude alongside his company, Northside Music Limited, are being tried by the…
President Bola Tinubu has given marching orders to the Plateau State Governor, Caleb Muftwang, to summon the necessary political will to resolve the crisis and establish enduring peace. The President has also expressed profound sorrow over the recent bloodshed in the state, a tragedy that has claimed the lives of over 40 individuals. A statement…
The NBA Annual General Conference (AGC) Planning Committee has clarified that Rivers State did not pay hosting rights for the 2025 AGC in Port Harcourt. Chairman Emeka Obegolu, SAN, explained that the decision to hold the conference in Port Harcourt was made in August 2024 without a bidding process. Obegolu stated that the host city…
Governors elected on the platform of the Peoples Democratic Party (PDP), under the aegis of the PDP Governors Forum, have ruled out any possibility of forming a coalition or merging with any other political party ahead of the 2027 general elections. This decision was one of the key highlights from the Forum’s 24th meeting for…
Governors of the Peoples Democratic Party (PDP) have said that they stand in solidarity with their colleague from Rivers State, Siminalayi Fubara over the declaration of a State of Emergency in the South-South state by President Bola Tinubu. The governors under the platform of the PDP Governors’ Forum made the declaration in Ibadan, Oyo State…
A senior judicial officer in Rivers State, Chief Magistrate K.E. George, has tendered his resignation in protest against the ongoing emergency administration imposed on the state. In a letter addressed to the Chief Judge of Rivers State, George announced his voluntary retirement, citing the appointment of a “quasi-military administration” as the primary reason for his…
The Rivers government has asked the Nigerian Bar Association (NBA) to refund the N300 million allegedly paid for the hosting rights of the legal body’s 2025 annual conference. The state government, under the leadership of the sole administrator, said if the NBA is truly anchored on principles, it should demonstrate it by returning the sum….