NEWS
Portable Escapes Re-arrest After Release From Police Custody
On Tuesday, Nigerian controversial singer Badmus Okikiola, also known as Portable, avoided being arrested again in connection with a new petition against him. Portable regained freedom after veteran fuji musician, Okunola Saheed, popularly called Osupa, withdrew his petition. Osupa had petitioned the police accusing Portable of criminal defamation, criminal intimidation, inciting public disturbance and cyberstalking. Acting on Osupa’s petition, the Kwara State...
Investors Besiege CBEX Lagos, Ibadan Offices Over Missing Funds
The Crypto Bridge Exchange Smart-Treasures (CBEX), office at Seliat Bus Stop in the Egbeda-Idimu neighbourhood of Lagos State, was crowded on Tuesday with irate investors after their money abruptly vanished from the CBEX trading app. PUNCH Metro gathered that CBEX was advertised as an artificial intelligence-powered cryptocurrency trading platform that allows users to buy and sell digital assets with promises...
”Traditional Institutions Key To Sustainable Development” — Ogun NITP Chairman
Chairman of the Nigerian Institute of Town Planners, Adefela Sogbesan, Ogun State Chapter, has called for a closer partnership between the institute and traditional institutions as well as academia. In order to address the issue of haphazard building and development, especially in light of the rapidly developing Ota and its surroundings in Ado-Odo/Ota Local Government. Sogbesan, in a statement on Wednesday,...
Kano Police Neutralize Gun Smuggling Syndicate, Recover Rifles, Ammunition
The Kano Police Command has detained 157 suspects in the past month for violent crimes such as thuggery and armed robbery. The state police commissioner, Ibrahim Bakori, made the disclosure during a news conference on Wednesday, where he noted the achievements recorded since he assumed duty as CP in Kano State. He stated that the proactive and collaborative efforts by the...
‘CBEX Investors Will Get Their Funds Back,’ EFCC Reassures Public
The Economic and Financial Crimes Commission (EFCC) has assured that individuals who invested in the CBEX digital trading platform will be refunded. EFCC said it was already tracking the CBEX trading platform before the recent public outcry. According to several posts on X, the CBEX, which promised investors a 100 percent return on investment, began experiencing trouble last weekend as many...
FG Reaffirms Commitment To Tackling Insecurity Amid Rising Attacks
The federal government has reaffirmed to the public its commitment to eradicating national insecurity. In states such as Plateau, Benue, and Borno, among others, recent attacks by non-state actors have led to the loss of many lives. These incidents have prompted individuals in various quarters to question the government’s efforts. Speaking at the first quarter media stakeholders’ seminar for top media executives...
REA To Implement 8MW Floating Solar Power Project
The Lagos State Government and the Rural Electrification Agency (REA) have announced plans to work together to build an 8-megawatt floating solar power plant. According to the agency, the power plant will provide uninterrupted electricity to Lagos State University. In a statement issued on Wednesday, the REA explained that the project is part of a landmark agreement with the Lagos State...
Crude Oil Prices Fall, N800/litre Petrol In Sight
The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Petrol further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. This comes as the Dangote Petroleum Refinery reduced its ex-depot price for PMS to N835 per...
“Nigeria Needs 2,000 Actuaries To Support Financial Sector” — FRC
The Financial Reporting Council of Nigeria has emphasised the need for at least 2,000 actuaries to support the country’s financial sector growth. The PUNCH Online reports that currently, Nigeria has only 28 qualified actuaries, which is grossly inadequate for a nation of its size. The Executive Secretary/Chief Executive Officer of FRC, Dr Rabiu Olowo, stated this on Wednesday at a one-day...
EFCC, SEC Move To Apprehend Ponzi Scheme Operators
The Economic and Financial Crimes Commission and the Securities and Exchange Commission has promised to hunt down operators of Ponzi schemes nationwide. The Federal Government agencies declared this on Wednesday following the collapse of the digital assets platform, CBEX. The SEC, however, revealed that it had yet to receive formal complaints about the collapsed digital assets platform, while the EFCC said...
