Author: Adejuyigbe Francis

Lagos Court Sentences Nine Chinese Nationals To One Year In Prison For Cyber-Terrorism And Internet Fraud. The Federal High Court in Ikoyi, Lagos, has convicted and sentenced nine Chinese nationals to one year in prison each for their involvement in cyber-terrorism and internet fraud, marking a significant step in Nigeria’s fight against transnational cybercrime. The convicts, identified as Li Dong, Deng Wei Qiang, Huang Bo, Xiong Zhen, Lai Rui Feng, Zhao Xiao Hui, Liu Hai Rong, Liu Gang, and Du Ji Feng, were also fined £480 (N1 million) each, with their sentences effective from their arrest on 10 December 2024.…

CBEX Ponzi Scheme Resumes Operations, Demands $200 From Nigerians To Recover Lost Investments. In a shocking development, the notorious Crypto Bridge Exchange (CBEX), a digital investment platform previously exposed as a Ponzi scheme, has reportedly resumed operations across Nigeria, sparking widespread concern among investors and regulators. The platform, which collapsed in April 2025, wiping out an estimated £640 million (N1.3 trillion) in investor funds, is now demanding victims pay £150 ($200) to reactivate their accounts and recover lost investments, according to multiple sources. CBEX, which lured over 600,000 Nigerians with promises of 100% returns within 30 days through alleged AI-powered…

Bola Ahmed Tinubu International Conference Centre Unveiled In Abuja. The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has officially renamed the Abuja International Conference Centre (AICC) as the “Bola Ahmed Tinubu International Conference Centre.” The announcement was made during the inauguration of the newly refurbished facility on Tuesday, marking a key highlight of the celebrations for President Tinubu’s second year in office. The renaming and commissioning ceremony, attended by prominent figures including Senate President Godswill Akpabio, Ministers Wale Edun (Finance and Economy) and Lateef Fagbemi (Justice), underscored the transformative strides made under Tinubu’s administration. The once-dilapidated conference centre,…

Just-In: First Lady Oluremi Tinubu Honoured With Prestigious Chieftaincy Title In Enugu. In a vibrant and culturally rich ceremony held in Enugu on Tuesday, Nigeria’s First Lady, Senator Oluremi Tinubu, was conferred with the esteemed chieftaincy title of Ugosimba 1 of Enugu, which translates to “Jewel of Women Empowerment.” The honour recognises her tireless efforts in championing women’s empowerment and social development across Nigeria. The event, attended by prominent figures including Enugu State Governor Peter Mbah and several traditional leaders, was a testament to Senator Tinubu’s impactful contributions through the Renewed Hope Initiative (RHI), a cornerstone of President Bola…

Regular Shawarma Consumption May Harm Liver: Health Experts Warn. Health experts have raised concerns about the regular consumption of shawarma, a popular fast food, highlighting its potential to cause liver damage. Physicians and nutritionists are urging Nigerians to reconsider their dietary habits, as the frequent intake of shawarma and similar processed foods could pose serious risks to liver health. According to medical professionals, shawarma, alongside items like instant noodles, sugary sodas, and processed snacks, often contains high levels of unhealthy ingredients such as saturated fats, trans fats, refined sugars, and excessive salt. These components, experts warn, can place significant…

BREAKING: APC Chieftain Jesutega Onokpasa Passes Away. Jesutega Onokpasa, a prominent chieftain of the All Progressives Congress (APC) and respected lawyer, has reportedly passed away. The news of his demise, which occurred on Monday, 9 June 2025, has sent shockwaves through Nigeria’s political and legal circles. Onokpasa, widely recognised for his incisive political commentary and staunch support for the APC, was a key figure in the party’s publicity efforts. He served as a member of the APC Presidential Campaign Council during the 2023 general election, where he frequently appeared on national television to defend and promote the policies of…

Nigeria Secures Third Spot In Africa’s Top Manufacturing Nations, Says New Report. In a significant boost to Nigeria’s economic standing, the country has been ranked third among Africa’s top ten manufacturing nations, according to a recent report by The African Exponent, a respected analytical business information source for entrepreneurs and prospective investors across the continent. The report, which highlights the growth and influence of manufacturing sectors across Africa, places Nigeria behind only South Africa and Egypt in the rankings. It underscores the remarkable strides made by Nigeria in recent years, driven by major industrial players such as Dangote…

Ghanaian Cedi Tops List Of 15 Worst-Performing Currencies Against US Dollar In 2025, As Naira Narrowly Escape. The Ghanaian Cedi has emerged as the hardest-hit currency in a recent ranking of the 15 worst performers against the US Dollar, suffering a staggering year-on-year (YoY) loss of 31.09% as of 6 June 2025, according to data from Statisense. In stark contrast, the Nigerian Naira has narrowly escaped the list, signalling a glimmer of resilience amidst global economic turbulence. Ghanaian Cedi’s Steep Decline Topping the list of struggling currencies, the Ghanaian Cedi’s 31.09% plunge reflects severe economic pressures gripping the West…

Credit And Liquidity Risks Hinder Deployment Of Nigeria’s N22.8 Trillion Pension Capital For Infrastructure. Nigeria’s vast pension assets, totalling N23.26 trillion as of January 2025, hold immense potential to drive infrastructure development across Africa’s largest economy, yet credit and liquidity risks are stifling their effective deployment, according to a new report. The State of Africa’s Infrastructure (SAI) Report, released by the Africa Finance Corporation (AFC), highlights that despite amassing over N22.8 trillion (approximately US$14.2 billion) in assets under management, structural challenges are keeping much of this capital sidelined. The report, a comprehensive analysis of the continent’s infrastructure landscape, notes…

Kaduna Police Arrest 27 Suspected Criminals In Coordinated Raids. The Kaduna State Police Command has apprehended 27 suspected criminals following a series of coordinated raids in the Kawo area of Kaduna metropolis. The operation, conducted on 8 June 2025, targeted criminal hideouts and resulted in the recovery of dangerous weapons and illicit drugs, bolstering efforts to maintain peace across the state. The joint tactical operation, launched at approximately 8:30 pm, involved collaboration between the police, military, Department of State Services (DSS), Kaduna State Geographic Information Service (KADGIS), and local vigilante groups. According to the command’s spokesperson, DSP Mansir Hassan,…

Pastor Abel Damina Sparks Debate: ‘Your Offerings, Tithes Are Spent By Men, Not God’. Controversial Nigerian cleric Pastor Abel Damina, founder of Abel Damina Ministries International (ADMI), has once again stirred debate with a bold pronouncement during a recent Sunday sermon. In a statement that has ignited widespread discussion across social media and religious circles, the pastor declared, “No offering goes to heaven. Every time we gather offerings in church, it is men that spend it.” The viral remark, captured in a video circulating online, challenges traditional views on tithing and offerings, a cornerstone practice in many Christian communities.…

Africa’s $777 Billion Pension And Insurance Assets Hold Key To Growth, Says AFC. Africa’s vast pension and insurance assets, totalling $777 billion (£610 billion), could be a game-changer for the continent’s economic growth, according to the Africa Finance Corporation (AFC). In its recently released 2025 State of Africa’s Infrastructure (SAI) Report, titled “Mobilising Domestic Capital,” the AFC highlights the transformative potential of these funds, urging African nations to redirect this capital towards critical infrastructure and industrial development. The report reveals that Africa holds over $4 trillion (£3.14 trillion) in domestic savings, with $1.1 trillion (£860 billion) in long-term institutional…