Connect with us

News

“We warned Nigerians” – EFCC Says After CBEX Crash

Published

on

Photo source: Google

The Economic and Financial Crimes Commission (EFCC) has said many Nigerians ignored its repeated warnings about digital trading platforms like CBEX.

Speaking on Channels Television, EFCC spokesperson Dele Oyewale explained that the Commission had made efforts to educate the public on the risks of such platforms long before the recent crash.

CBEX, an online trading company with links to China, reportedly collapsed on Monday, locking investors out of their funds and resulting in an estimated N1.3 trillion loss. Videos have since circulated showing victims expressing frustration and heartbreak over their lost savings.

Oyewale stressed that the EFCC had previously published a list of 58 suspicious investment companies, warning citizens to steer clear. He said this was part of their effort to prevent scams and protect the public.

He emphasized that CBEX never had any real, registered presence in Nigeria, despite claims of physical offices in places like Ibadan. He also noted that the company operated entirely online and lacked any legal ties to Nigeria.

Advertisement

According to Oyewale, the Commission had done its part by creating awareness and alerting Nigerians to the risks. “The rest is for people to be cautious and protect their money,” he said.

He also pointed to the newly introduced Investment and Securities Act 2025, which now makes it a criminal offense to engage in digital trading without proper licenses and compliance with Nigerian law.


 

News

VDM Leads Candlelight Protest in Awka for Fish Magnet Killed by Kidnappers

Published

on

Photo source: Google

The city of Awka was filled with emotion on the evening of Tuesday, August 5, 2025, as people from all walks of life came out to honour the life of Ifesinachi Onyekere, popularly known as Fish Magnet, a young entrepreneur whose sudden death shook the community.

The candlelight procession, led by controversial social commentator VeryDarkMan (VDM), was both a tribute and a public outcry against the growing insecurity in the region.

Fish Magnet also known as Ifesinachi was a hardworking fish farmer who turned his hustle into a brand that many respected. He provided jobs, offered support to small vendors, and inspired other young people in Anambra. He was kidnapped from his home in Okpuno and later found dead.

VDM, who led the procession, used the opportunity to speak out about the rise in kidnappings and killings in Anambra. He called on both state and federal authorities to stop ignoring the cries of the people and take action before more lives are lost.

Before the event, police authorities warned VDM not to disrupt public peace and reminded him that the family of the deceased had not called for any public procession. However, the walk remained calm, with officers quietly monitoring to prevent any issues. Despite early fears of tension, the crowd remained peaceful and focused on honouring Ifesinachi’s memory.

Advertisement

VIDEO:


 

Continue Reading

Entertainment

Kwam 1 Stops Plane from Taking Off at Abuja Airport After Argument with ValueJet

Published

on

Photo source: Google

An incident involving legendary Fuji musician Kwam 1 (King Wasiu Ayinde Marshal) and ValueJet Airlines has grabbed the nation’s attention after a chaotic scene unfolded at the Abuja airport on Tuesday, August 5, 2025.

Kwam 1 was set to board ValueJet’s VK 201 flight from Abuja to Lagos, but things took a different turn when airport officials questioned the content of a flask he carried with him. According to reports, crew members suspected the container had alcohol, which isn’t allowed on board. They asked him to hand it over, but he allegedly refused. He insisted it was either water or something for medical use. The refusal to surrender the flask caused a standoff between him and the airline staff.

Things got more intense when Kwam 1 reportedly stepped out onto the airport tarmac and stood close to the aircraft’s path, apparently trying to stop the flight from taking off. Videos taken at the scene show the aircraft taxiing with Kwam 1 still in front of it.

The Federal Airports Authority of Nigeria (FAAN) and the Nigeria Civil Aviation Authority (NCAA) have both weighed in. Two ValueJet pilots have now been suspended for starting the aircraft’s taxiing without final clearance from the control tower, which goes against air safety regulations. In addition to this, Aviation Minister Festus Keyamo has ordered that Kwam 1 be placed on a no-fly list, warning that any airline that flies him could face penalties, including losing their license.

The airline is also said to be considering legal action against him, while reports suggest he may be blacklisted from flying within the country until the matter is resolved.

Kwam 1, however, has spoken out. He insists he did nothing wrong and that ValueJet has already apologized to him. He said the airline even offered to fly him privately to Lagos after the drama, which he turned down. According to him, the flask only contained water and not alcohol, and he believes the entire situation was blown out of proportion.

Advertisement

Meanwhile, actor and media personality Patrick Doyle has spoken in defense of Kwam 1. He shared that public figures often get targeted in situations like this and suggested that airline staff may have tried to provoke the musician. Doyle recalled similar treatment during his own travels, pointing out how these situations can quickly get out of hand.


 

Continue Reading

News

Goodluck Jonathan May Run for Nigeria’s President Again in 2027

Published

on

Photo source: Google

Reports suggest that former President Goodluck Jonathan may be preparing to enter the 2027 presidential race. There’s been growing speculation about a potential comeback, especially with signs that the Peoples Democratic Party (PDP) is working behind the scenes to bring him back into the spotlight.

A close associate of the former president revealed that Jonathan has allegedly agreed to run, and talks have progressed significantly within the party. The source claimed that Jonathan is motivated by a desire to tackle the worsening poverty, economic hardship, and general suffering that has plagued Nigerians since the APC came into power in 2015.

It’s also reported that Jonathan has quietly consulted with key political figures, including leaders from the north and other influential players within and outside the PDP. One of those meetings reportedly took place last weekend in Minna, where he visited former military president General Ibrahim Babangida to discuss his interest in running for just one term.

Meanwhile, the PDP’s Deputy National Publicity Secretary, Mallam Ibrahim Abdullahi, noted that efforts are indeed being made to bring Jonathan back. He added that many Nigerians now regret voting him out and are calling on him to return and help steer the country out of its current struggles.


 

Advertisement
Continue Reading

Trending