Author: Adejuyigbe Francis

SEC Unable To Recover £1.3 Trillion Lost In CBEX Ponzi Scheme Collapse. In a devastating blow to thousands of Nigerian investors, the Securities and Exchange Commission (SEC) has confirmed it is unable to recover an estimated N1.3 trillion (£620 million) lost in the collapse of the digital investment platform CryptoBank Exchange (CBEX). The announcement, made by SEC Director General Dr. Emomotimi Agama, has sparked widespread dismay among victims of what has been described as one of Nigeria’s largest Ponzi schemes. The CBEX platform, which lured investors with promises of 100% returns within 30 days, abruptly crashed on 14 April…

Lagos PFN And ACRM Forge Alliance To Strengthen The Church’s Public Image In Nigeria. The Lagos State chapter of the Pentecostal Fellowship of Nigeria (PFN) and the Association of Church Reputation Managers (ACRM) have announced plans to collaborate in a concerted effort to improve the public perception and reputation of the Church in Nigeria. The initiative was unveiled during a courtesy visit by the leadership of ACRM to the PFN Chairman in Lagos, Pastor Yemi Davids, at The Goodland, the international headquarters of Global Impact Church. Speaking during the meeting, Pastor Davids and ACRM Convener, Pastor Joseph ‘Yemi Adeniran,…

NIDCOM Rescues 200 Trafficking Survivors In Four Months, Reunites Girls With Families. The Nigerians in Diaspora Commission (NIDCOM), in collaboration with the Nigeria in Diaspora Organisation (NIDO), has successfully rescued 200 victims of human trafficking over the past four months. This milestone was revealed by the Chairman and CEO of NIDCOM, Mrs Abike Dabiri-Erewa, during the reception of three Nigerian girls trafficked to Ghana, who were safely returned to Lagos. According to Dabiri-Erewa, two of the girls, cousins aged 17 and 19, hail from Bayelsa State, while the third, aged 18, is from Akwa Ibom State. Their rescue…

NAPTIP And IMSU Alumni Call For Government Support For Vulnerable Children. The National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Rivers Command, has partnered with the Imo State University (IMSU) Alumni Association, Rivers Spectacular Chapter, to call for increased government support for vulnerable children in Nigeria. The appeal was made during a joint visit to the Handmaid Children’s Home in Port Harcourt on Friday, where both organisations reaffirmed their commitment to protecting children from trafficking and exploitation. Mrs Comfort Udofia, Assistant Chief of NAPTIP, Rivers Command, highlighted the challenges the agency faces in its efforts to…

Rivers Lawmaker Urges NBA To Return ₦300 Million ‘Gift’ From Suspended Governor Fubara. A member of the House of Representatives from Rivers State, Solomon Bob, has called on the Nigerian Bar Association (NBA) to refund the sum of ₦300 million it received from suspended Governor Siminalayi Fubara, describing the payment as improper and a stain on the Association’s credibility. In a strongly worded statement issued in Abuja on Thursday, Bob argued that the NBA’s claim that the funds were a mere “gift” is unacceptable and unbecoming of what he described as a “self-appointed ombudsman” of the Nigerian democratic space.…

NEMA Urges Residents Of Rivers And Bayelsa To Relocate Upland Ahead Of Predicted Flooding. The National Emergency Management Agency (NEMA) has called on residents of Rivers and Bayelsa States to move to higher ground in anticipation of severe flooding forecast for the region during the current rainy season. Mr Eric Ebhodaghe, the South-South Zonal Coordinator of NEMA, issued the advisory on Friday during a news conference held in Port Harcourt. The warning follows a recent forecast by the Nigerian Meteorological Institute (NIMET), which predicted heavy flooding in at least 30 states across Nigeria, including the coastal states of…

Peter Obi Vows To Sponsor Education Of Quadri Yusuf Alabi, After Unlawful Detention. Mr Peter Obi has pledged his personal commitment to ensuring that Quadri Yusuf Alabi, a young boy recently freed from unlawful incarceration, receives the quality education he desires and deserves. Speaking after meeting Quadri in person, Mr Obi described the encounter as deeply moving. He commended the resilience and courage shown by the young lad, whose only dream, despite the trauma he had endured, was to return to school and complete his education. Obi revealed that Quadri’s unwavering desire to learn stood out clearly during their…

Carlo Ancelotti To Depart Real Madrid After Copa Del Rey Final. In a stunning development, Real Madrid manager Carlo Ancelotti is set to leave the club immediately following the Copa del Rey final against Barcelona on 26 April 2025, according to Sky Sports. The Italian tactician, widely regarded as one of football’s greatest managers, will not see out the remainder of the La Liga season, marking an abrupt end to his second stint with the Spanish giants. Ancelotti, 65, has been under increasing scrutiny following Real Madrid’s disappointing 5-1 aggregate defeat to Arsenal in the UEFA Champions League quarter-finals. The…

New Terror Group Mahmuda Emerges In North-Central Nigeria, Killing Over 15 Vigilantes. A new militant group, known as Mahmuda, has emerged in North-Central Nigeria, spreading fear and violence across rural communities near the Kainji Lake National Park (KLNP), which spans parts of Kwara and Niger States. According to reports from SaharaReporters, the group launched a deadly attack on Wednesday in Kemanji, Kaiama Local Government Area, Kwara State, killing over 15 vigilantes and villagers. The Mahmuda group, which has reportedly been active for over five years, operates freely in communities such as Kemaanji, Tenebo, Baabete, Nuku, and Nanu in Kaiama, as…

Federal Government Secures Release Of Six Nigerian Women Detained In Cape Verde. The Federal Government has successfully secured the release of six Nigerian women who were wrongfully detained by authorities in Cape Verde on false allegations of human trafficking. Their release was confirmed on Thursday in a statement issued by the Ministry of Foreign Affairs after the women departed the island nation. According to the statement, the Nigerian diplomatic mission in Guinea-Bissau was instrumental in facilitating discussions with Cape Verdean authorities to resolve the matter. The Ministry’s spokesperson, Kimiebi Imomotimi Ebienfa, explained that the women had travelled to…

Lagos Police Debunk Claims Of Boko Haram Arrests, Urge Public To Remain Calm. The Lagos State Police Command has firmly refuted recent media reports alleging that hundreds of Boko Haram suspects were apprehended within the state. In a statement issued on Friday, the Command’s Public Relations Officer, CSP Benjamin Hundeyin, described the reports — published on 17 April 2025 in some newspapers — as false, malicious, and aimed at inciting public fear. Acting on the directive of the Commissioner of Police, CP Olohundare Jimoh, the command launched an immediate investigation to verify the claims. “The outcome of the…

Boko Haram Attack Claims Lives In Resettled Borno Community As Senator Renews Call For Armed Community Defence. Suspected Boko Haram insurgents attacked Yamtake, a recently resettled community in Gwoza Local Government Area of Borno State, on Thursday night, killing two soldiers and an undisclosed number of civilians. The assault, which occurred around 11:15pm, targeted a local military formation before reinforcements could arrive from nearby Gwoza town. A military source confirmed that by the time help came, significant damage had already been done. Senator Ali Ndume (APC, Borno South) confirmed the incident and expressed deep sorrow over the loss…