The Securities and Exchange Commission (SEC) says the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd., remains banned in Nigeria. SEC, in a public notice issued on Wednesday, said that CBEX, also known as Smart Treasure/Super Technologg, had not been registered by the commission. The commission, however, advised the…
Three promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX” have sought bail from the Federal High Court in Abuja following their detention in connection with an alleged $1 billion scam targeting Nigerian victims. The legal team for the three suspects, Babatunde Busari and Justice Otorudo, sought bail from Justice Emeka Nwite…
GISTSMATE MEDIA reports that a South-Korean model and tv star, Kim Jong Suk, has passed away at the age of 29. The model passed away on Thursday, 4th of June and was buried two days later. Kim Jong Suk started his modeling career in 2014 and is famous for his charming appearance on a dating…
A diesel-laden tanker overturned and exploded on Wednesday afternoon along the Lagos-Ibadan Expressway. The explosion led to a fire that consumed multiple vehicles near the NASFAT area. The incident occurred at approximately 3:00 p.m., in the vicinity of the Nasrul-Lahi-l-Fatih Society (NASFAT) zone — a densely trafficked corridor often congested during peak periods due to…
The police on Wednesday arraigned a 40-year-old man, Umaru Garuba, before an Akure Magistrates’ Court for allegedly biting off the ear of a suspect in police detention. The police Prosecutor, Inspector Adebayo Suleiman, told the court that the defendant was arrested on June 5 for stealing N35,000 belonging to one Yakubu Salisu and detained in…
A former Governor of Edo State and incumbent Senator, Adams Oshiomhole, has caused a stir at the Murtala Muhammed Airport Terminal 1 in Lagos after disrupting operations on Wednesday morning According to a release issued by a domestic carrier, Air Peace, the airline affected by the incident, Oshiomhole arrived at the airport at approximately 06:10…
The National Assembly is considering a bill that would mandate future presidents to be sworn in at the National Assembly Complex in Abuja, instead of Eagle Square. The Senate Leader, Opeyemi Bamidele, revealed the proposal during a media briefing on Tuesday in Abuja ahead of the country’s Democracy Day celebration. Mr Bamidele said the planned…
GISTSMATE MEDIA reports that two people have been confirmed dead following the collapse of the fence of the Kwara Hotel, in Ilorin. It was gathered that the fence at the hotel premises was under construction before it collapsed and killed two workers. One other person who was among those buried under the rubble of the…
Tragedy struck in Ibadan as three children of the same parents were crushed to death in the early hours of Wednesday in Ibadan. According to Vanguard, the tragic incident occurred along the Celica Kukumoda area of the Ife-Ibadan express road. Our correspondent gathered that a heavy truck carrying goods lost its brakes and crushed the…
President Bola Tinubu on Wednesday says he will welcome Federal Capital Territory (FCT) Minister Nyesom Wike into the ruling All Progressives Congress (APC) whenever he chooses to officially join. Speaking during the commissioning of the Arterial Road N16 and other infrastructure in the Katampe District of Abuja, President Tinubu commended Wike’s contribution to governance and…