Silverbird Group founder Ben Murray-Bruce has recounted how a South African partner defrauded him of $3.5 million meant for a cinema complex in Kenya.

Speaking at the Peace Anyiam-Osigwe Digital Content Regulation Conference in Lagos, Murray-Bruce explained that after transferring the funds, the partner registered the business in his own name.

“I transferred the money, and my South African partner registered it in his name. That was how I lost that huge investment,” he said.

He also revealed ongoing legal battles involving his Los Angeles studio and announced plans to produce a movie addressing societal issues.

Murray-Bruce paid tribute to late filmmaker Peace Anyiam-Osigwe, recalling her early contributions to the entertainment industry and their long friendship.

Damilola Mike-Bamiloye, the son of the renowned Christian filmmaker and evangelist Mike Bamiloye, recently took to Instagram to pay tribute to his late mentor and father figure, Korede Are, whom he affectionately referred to as “Daddy Korede.”

In an emotional post, Damilola remembered him as a dedicated servant of God who sacrificed comfort, recognition, and even his own needs to further the gospel.

He expressed deep admiration, saying Daddy Korede tirelessly ensured that the word of God reached the most remote corners of the world.

Damilola, himself a notable figure in Christian entertainment, known for his work with Mount Zion Faith Ministries, mentioned how Daddy Korede embodied selflessness.

He described him as someone with a “heart of pure gold,” a man who lived with unwavering faith and integrity until his very last moments.

According to him, Daddy Korede didn’t seek fame or praise; instead, he remained committed to his calling, consistently honoring God with his gifts, passion, and humility.

As Damilola mourns, he also rejoices in Daddy Korede’s “glorious finish”—a life he says was celebrated by God Himself. Daddy Korede may have departed, but his legacy lives on, continuing to influence countless lives within the Christian community.

Concerns have been raised by The Central Bank of Nigeria (CBN) and the Ministry of Finance, concerning the Investment and Securities Bill which was proposed. The bill aims to replace 2007 Act and to update capital market regulations.

The CBN representative, Dr Tukur at the National Assembly hearing, opposed to the granting of the Securities and Exchange Commission over the public companies.

The Finance Minster, Wale Edun also emphasize on the impact of the bill and the provision it will offer the SEC board members. However the SEC Director General defended the bill and stated it has a benefitting role in Nigeria’s capital market globally.