News
CBEX Resumes Operations Despite SEC Ban, N1.2tn EFCC Probe
Published
2 months agoon
By
Editor
Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence.
Two traders on the CBEX platform confirmed to The PUNCH on Wednesday that the digital trading firm has quietly resumed operations, allowing new users to register, trade, and withdraw profits, despite ongoing investigations by regulatory agencies.
According to the sources, an insurance verification process and an external audit of the company’s financial records are currently underway to ascertain the actual amount lost in the scheme, which collapsed in April.
They added that existing investors, many of whom have been unable to access their funds for weeks, will be able to take out their funds starting from June 25, 2025, when the audit is expected to be concluded by an insurance firm based in the United Kingdom.
This development comes barely weeks after the Securities and Exchange Commission declared the platform illegal, and the Economic and Financial Crimes Commission confirmed an ongoing investigation into the firm’s operations.
CBEX, a digital investment platform, offered investors 100 per cent profit after 30 days of purported AI trading. The trading platform started operations in 2024 after receiving registration approval from the Corporate Affairs Commission on September 25, 2024, and the EFCC’s Special Control Unit Against Money Laundering on January 16, 2025.
No fewer than 600,000 Nigerians reportedly invested in the scheme and lost N1.2tn after it collapsed on April 14, 2025.
Miffed by the development, the EFCC declared eight persons wanted for promoting the program. They include Johnson Oteno, Israel Mbaluka, Joseph Michiro, Serah Michiro, Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
On Monday, Adefowora Abiodun, a prominent leader and trader on the platform, voluntarily surrendered himself to the anti-graft agency for interrogation.
Other regulatory agencies, such as the SEC, also condemned the operations of the suspected Ponzi scheme, warning Nigerians to exercise extreme caution and steer clear of investment platforms that offer unrealistic returns under the guise of digital trading.
However, in defiance of regulatory warnings, fresh findings by The PUNCH on Wednesday revealed that more Nigerians are still being lured by promises of quick profits, with new users flocking to the platform in hopes of cashing in on its resumed operations.
One of the sources told one of our correspondents in confidence due to lack of authorisation to speak on the matter, that withdrawal options on the CBEX platform had been reactivated, noting that while new accounts could process withdrawals, funds from older accounts—allegedly wiped—remained inaccessible for now.
The trader noted that the platform is making efforts to clear its name of any allegations of fraud or any association as a Ponzi scheme.
The source said, “People can now withdraw from the CBEX platform. The withdrawal option has been activated. Let me explain the withdrawal. The old account was wiped; you can’t take out funds from it yet. On the 14th of this month, the Artificial Intelligence on the platform traded 100 per cent, lost its trade, and wiped people’s money out.
READ ALSO: CBEX: EFCC Declares Foreigner Wanted
“But now, the promoters are saying that the platform and the CBEX application are insured, with verification of funds ongoing by the insurance company. Now, previous investors who have $1,000 as their capital would have to inject $100, and the former account balance would be restored, while persons with over $1,000 would have to put in $200 to bring back the account balance. And we have started seeing people put in these funds to get back their money, and are using it to trade now, as I talk to you.
“According to the latest information shared, previous investors can only trade but not withdraw because the United Kingdom government is carrying out an audit on their financial account, which will be completed between 30 to 60 days. Hence, the reason why previous investors cannot withdraw their funds yet.
“But from June 25th, you can now withdraw up to 50 per cent of your capital from the old account. For example, if you invested $1,000 and you could only withdraw $200 before, from the 25th, you can withdraw $400 from the remaining $800 capital, then from August 25th, you can withdraw the remaining $400 capital. But if you don’t do the verification, it won’t reflect in your account.”
Another source explained that fresh investors are currently able to register new accounts, fund them, and withdraw profits without restrictions, as the newly created accounts are not subject to ongoing audits.
According to the source, only the old accounts remain under financial review.
The promoters also refute allegations of fraud, insisting that funds remain intact and that the ongoing audit was focused on reconciling discrepancies in old accounts.
“Currently, fresh investors can register a new account, fund it, and withdraw their profit. The new accounts are not under audit. It is the old account that is under review.
“What they are auditing is because the Federal Government said they scammed Nigerians of N1.2tn, and they are insisting that the amount is not up to half of the publicised amount. They are claiming only N126bn was lost, and that is the reason for the audit. But new accounts can now start investing and get their money. There is also a bonus for referrals that you can withdraw immediately, and this is ongoing currently.
“They just want to prove to Nigerians that they are not scammers. It was just because AI traded 100 per cent of the funds that the money was lost. There is a new group where people can say whatever they want to say; they also drop signals for trading three times a day, but it is no longer automated; you have to do it by yourself. They would give you a code; you just have to put it in your account and trade. If you notice any abnormality, you can cancel it. That was how it was before AI started doing the trading,” the source stated.
When questioned on why the audit was not conducted by the Nigerian government, a source explained, “The firm is registered in the United Kingdom, not in Nigeria. They merely extended their operations here. In fact, they also have branches in Kenya, South Africa, and Egypt.”
Similarly, messages sent to a new Telegram group created for information sharing showed that a person could withdraw referral bonuses.
Addressing concerns from interested members in a user group, an admin identified simply as Laura stated that the specific cause of the platform’s issues was still under investigation, adding that the findings of the ongoing probe by the UK government would determine what is eventually made public.
The message read, “There are some factors in the incident on April 14th that I cannot tell you in detail. I can only tell you that Al was attacked and the trading strategy was tampered with.
“This is why some users who did not turn on HOSTING were able to survive. And this attack was definitely not from an individual, because Al’s firewall cannot be easily breached. Including the Bybit hacker incident last month, it was definitely not something that an individual could do. This was an organized and premeditated action.
“The specific cause is under investigation, and we need to wait for the official investigation results of the UK government before we make it public. As for this channel, some scammers affected by ST and online rumour mongers who received donations from scammers deliberately stigmatized the compensation.
“Some rumour mongers even claimed that CBEX administrators transferred more than $800m in assets. These are purely slanderous rumours. An exchange’s payment system can’t have only one common account. The payment system will randomly generate deposit addresses. These are all procedures of the exchange Including any wallet we use now will regularly update the deposit address.”
READ ALSO: CBEX: Investors Will Get Their Money Back – EFCC Assures
According to her, users must first accept the claims process initiated by the insurance company linked to the ST Fund firm.
She said, “We need to accept the claims processing of the insurance company that the ST fund company is tied to.”
The process involves verifying the authenticity of each account before any compensation can be issued for losses allegedly caused by the AI-related incident on April 14.
She added that many users have already begun receiving compensation.
“Moreover, the impact of this incident on the Internet has seriously exceeded our expectations. The UK government has also been negotiating with the Nigerian government.
“So the EFCC of Nigeria also contacted the CBEX official yesterday and provided absolute evidence through ST, proving that the ST fund company has indeed compensated users for their losses. You know the EFCC of Nigeria… If they are not absolutely sure, how can they have such courage to say to the public, ‘you will get your money back?’”
Efforts to get the EFCC’s spokesman, Dele Oyewale, reaction on the latest development proved abortive. He did not pick up calls to his line and was yet to respond to a message sent to him on the matter.
However in furtherance of its investigation, the anti corruption agency has declared a foreign national, Elie Bitar, wanted for his alleged involvement in a cryptocurrency investment fraud linked to the online trading platform, Crypto Bridge Exchange.
In a bulletin released on Wednesday via the commission’s official social media platforms, the EFCC called on members of the public with useful information about Bitar’s whereabouts to contact any of its offices nationwide or reach out through its hotlines and email.
His last known address, according to the EFCC, is Eng. George Enemoh Crescent, Lekki Phase 1, Lagos.
It read, “The public is hereby notified that ELIE BITAR, whose photograph appears above, is wanted by the EFCC for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange.”
Meanwhile, the Nigerian Financial Intelligence Unit has issued a strong advisory warning Nigerians against engaging in unregulated digital asset investment platforms, many of which exhibit traits of Ponzi and pyramid schemes.
In an advisory released on Wednesday, the NFIU flagged multiple online platforms—including eWealth Connect, WWCoin (also known as TOFRO), Delux, and ADK—as posing significant financial risks due to lack of regulatory oversight, unrealistic profit promises, and deceptive marketing tactics.
Among the platforms named, the NFIU described ADK, an investment and betting platform as dangerous to invest in due to its deceptive profit claims, multi-level agent system, and predatory practices in jurisdictions with limited investor protection.
The advisory partly read, “ADK is a high-risk investment and betting platform that profits through a 9 per cent withdrawal fee and investor losses, particularly targeting users in regions without compensation agreements.
“It operates with a multi-level agent system (e.g Junior/Gold Agents) where earnings depend on recruitment and trading losses, while advertising a deceptive 97 per cent win rate that hides low-profit margins. With its reliance on unsustainable recruitment rewards and selection. ADK exhibits strong red flags of a potential Ponzi scheme or scam, making it a dangerous platform for investors.”
READ ALSO: CBEX: Investors Will Get Their Money Back – EFCC Assures
The advisory also said EWC was identified as a community-driven trading platform launching on the Solana blockchain, offering daily P2P auctions and tiered investment packages.
NFIU said, “eWealth Connect is a decentralised, community-driven platform built on the Solana blockchain, designed to revolutionise digital asset trading through peer-to-peer (P2P) auctions. Launching in Q4 2024, it offers features like dual daily trading sessions, transparent pricing, and real-time settlements, with a focus on emerging markets like Nigeria.
‘’The platform’s native EWC token provides utility such as reduced fees, governance rights, and exclusive trading benefits. EWC emphasizes community empowerment, allowing users to participate in platform development and governance while offering tiered investment packages with projected returns. Despite its ambitious roadmap, including international expansion and NFT integration, the platform’s sustainability and regulatory compliance remain to be tested, warranting cautious evaluation by potential users.“
Despite its innovative design and roadmap, the NFIU cautioned that its regulatory compliance remains untested.
The NFIU also cautioned the citizens especially students, freelancers and content creators among others about Delux, a platform designed to help users to monetize their activities online.
“Delux is a platform designed to help users monetise their online activities, particularly through social media engagement (like TikTok), content creation, and completing daily tasks. It promotes financial freedom by offering flexible earning opportunities, such as referral rewards, task-based income, and content monetisation, with an emphasis on simplicity and accessibility.
“While it targets students, freelancers, and creators, users should verify its legitimacy, payment proofs, and terms to ensure it’s not a pyramid scheme or scam. Always research before investing time or money, “ the advisory stated.
The NFIU flagged WWCoin (TOFRO) as exhibiting “classic Ponzi characteristics with its unrealistic daily returns of up to 6 per cent, alongside aggressive deposit incentives and high withdrawal fees.
“WWCoin (aka TOFRO) is a newly launched trading platform (as of October 2024) that offers daily trading signals, deposit bonuses, and promises high returns (1 per cent profit per signal, totaling 6 per cent daily). Key features include a minimum deposit of $100, withdrawal fees (20 per cent before doubling funds, 10 per cent after), and extra signals for larger deposits.
“However, the platform raises significant red flags, such as unrealistic profit claims, high withdrawal fees, lack of regulatory transparency, and aggressive deposit incentives, all common traits of Ponzi schemes or high-risk scams,” the advisory noted.
The advisory highlighted common red flags Nigerians should watch out for, including guaranteed high returns with zero risk and the absence of regulatory approval or licensing.
“Unrealistic or Guaranteed Returns: Promises of fixed daily, weekly, or monthly ROI, e.g “5 per cent daily for life” or “15 per cent or more monthly return.” Claims like “your money works for you 24/7 with zero risk. “It is suspicious because legitimate investments tied to market performance cannot guarantee consistent high returns, especially with crypto volatility,” the advisory stated.
The advisory warned against schemes whose revenue depends on referrals rather than product or service delivery.
READ ALSO: JUST IN: CAC Gives Unregistered Businesses Deadline, Warns Of Jail Term
It said, “Overemphasis on Referrals and Affiliates: Income is primarily earned from recruiting new investors, not from actual product or trading activity. Referral bonuses or commissions for every new investor brought in. Classic pyramid and Ponzi structures rely on continuous recruitment to fund payouts. Use of Newly Created or Unknown Tokens: Platform issues its own token (e.g., “XToken” or “Pinkoin”) with no market value or external exchange listing. Promotes speculative token value without utility or governance model. Many Ponzi schemes mint fake tokens to simulate value and lure victims.
“Fake Partnerships and Credentials: False claims of affiliations with International Organisations like the United Nations, World Bank, Binance, Coinbase, etc. Fabricated endorsements by celebrities or government officials.”
The advisory added, “Opaque Business Model: Vague explanations of how profits are generated e.g.g “AI-driven crypto trading” or “quantum blockchain technology” with no evidence). No whitepaper, audited financials, or identifiable fund managers. It is a red flag because transparency is a hallmark of legitimate financial operations.
“Pressure to Act Quickly: Limited-time offers, countdown clocks, or “investment windows” that push urgency. Fear-of-missing-out (FOMO) tactics like “Top 100 users get double ROI!”. This discourages due diligence and encourages impulse investment. “
The NFIU urged investors to conduct due diligence, consult licensed financial advisers, and report suspicious platforms to relevant authorities.
Furthermore, the Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has warned Nigerians that registration with the Corporate Affairs Commission and the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission does not confer legitimacy on any investment scheme operating in the country.
Speaking during a sensitisation tour against Ponzi schemes at the Garki Market in Abuja, Agama said, “CAC registration and EFCC certificate is not enough to show that a company is registered with SEC. These are red flags Nigerians must look out for.”
He noted that several companies, both Nigerian and foreign, have taken advantage of citizens by luring them into unregistered investment schemes, adding that the government will not sit back and allow billions of naira to be lost to such operations.
“It is disheartening that some Nigerians and foreign companies have specialised in duping people. The government won’t sit and watch Nigerians being defrauded. That is why the SEC is coming out to educate the people. If it’s too good to be true, then it is likely fraudulent,” Agama said.
The SEC boss added that the Investments and Securities Act, recently signed into law, provides a N20m fine and a 10-year jail term for those involved in Ponzi schemes. He said this new legal framework gives the Commission stronger enforcement powers to tackle illegal investment operations.
Agama further advised Nigerians to always verify the registration status of any investment platform with the SEC before committing their money, warning that training programmes used to lure people into such schemes are also illegal.
(PUNCH)
You may like
Ghanaians Protest, Decry ‘State-sponsored’ Harassment In Abuja
EFCC Arrests Ex-Plateau Speaker, 14 Others Over Alleged N2.5bn Scam
PICTORIAL: Lagos Court Jails Nine Chinese For Cybercrimes
CBEX Fraud: EFCC Declares Two More Wanted
EFCC Arraigns Bankers, Accomplices For Alleged N8.5bn Fraud
How I Delivered $400,000 Cash To Emefiele – Ex-aide
News
Bridging Gap Between Awareness And Usage: The Role Of Local Influencers In Family Planning Advocacy In Edo
Published
8 hours agoon
June 19, 2025By
Editor
By Joseph Ebi Kanjo
As inflation continues to take a toll globally and Nigeria faces a significant population surge, the need for effective childbirth control—commonly known as family planning—has become more pressing than ever. Family planning is a cornerstone of reproductive health that empowers individuals and couples to make informed decisions about the number and spacing of their children. It is increasingly vital for Nigerians, especially in states like Edo, to adopt this practice to navigate current economic realities.
In Edo State, research shows that awareness of family planning is impressively high. In fact, some studies report that up to 98.5% of women are aware of contraceptive options. Despite this, there remains a significant disparity between awareness and actual usage, particularly among women. This gap highlights the urgent need for more targeted and effective interventions to boost contraceptive uptake.
Traditional media platforms such as radio, television, and print media have played essential roles in raising awareness. Additionally, non-governmental organizations (NGOs), in collaboration with the Edo State government, have contributed significantly to this progress. However, while these efforts have laid a solid foundation, the low adoption rate suggests that more innovative and culturally sensitive strategies are required.
READ ALSO: Economic Hardship: There Is Need For More Family Planning – Expert
One promising approach is the use of local influencers. Social media influencers with large, engaged audiences can be powerful advocates for family planning. Their ability to communicate directly and credibly with young people and communities makes them ideal for spreading accurate information about the benefits of family planning. These benefits include improved reproductive health, lower maternal and infant mortality rates, and enhanced economic empowerment for families.
Beyond social media, engaging community leaders, traditional rulers, and other local opinion leaders can also be highly effective. These individuals often hold deep-rooted influence within their communities and can help dispel myths and misconceptions surrounding family planning. Their involvement adds a layer of trust and cultural relevance that is often lacking in conventional media campaigns.
Dr. Bright Oniovokukor, in a recent presentation, emphasized the importance of involving local influencers in family planning advocacy in Edo State. He argued that partnering with individuals who understand local customs and values can significantly enhance the reach and impact of advocacy efforts. He called on NGOs, community leaders, and policymakers to actively engage local influencers in driving family planning campaigns across the state.
In conclusion, while Edo State has made commendable progress in raising awareness about family planning, bridging the gap between awareness and usage requires fresh, community-focused approaches. Leveraging the influence of trusted local figures—both online and offline—could be the key to achieving meaningful change in reproductive health behaviors and outcomes.
News
Why Bauchi’s Future Rests with Speaker Abubakar Suleiman
Published
13 hours agoon
June 19, 2025By
Editor
By Isa Danbala
As the political landscape in Bauchi State begins to realign ahead of the 2027 governorship race, one name is commanding growing support across party lines, youth groups, and civil society is that of Rt. Hon. Dr. Abubakar Y. Suleiman, the seasoned Speaker of the Bauchi State House of Assembly.
With increasing calls for him to declare his ambition, it is becoming evident that Suleiman represents the most credible, tested, and people-focused option to take over from Governor Bala Mohammed and lead Bauchi into a new era of inclusive development and political stability.
On June 18, 2025, the Bauchi State Coalition of Youth and Civil Society Groups, under the Dangaladiman Ningi Vanguard, formally urged Speaker Suleiman to step forward and contest the 2027 gubernatorial elections. Their message, delivered at a press conference in Bauchi, was clear and resonant: “This is not just a political endorsement,” they said, “it is a call to service.” And few public servants in Bauchi today better exemplify a life of service, humility, and performance than Abubakar Suleiman.
Suleiman’s credentials speak for themselves. A lawmaker with a deep understanding of governance, he has served three consecutive terms as Speaker an unprecedented achievement in Bauchi’s legislative history.
Under his leadership, the Assembly has emerged as a model of efficiency, discipline, and people-centered lawmaking. While others campaign with promises, Suleiman has a portfolio filled with results bills passed, institutions strengthened, and lives impacted. He has proved that leadership is not about noise but about steady, measurable progress.
Beyond the Assembly floor, Suleiman’s human development initiatives are widely acknowledged. In many rural communities, his presence is felt through classroom construction, educational materials for school children, medical outreach programs, food relief efforts, and vocational training for youths.
READ ALSO: NYSC Urges Bauchi Governor To Reconstruct Collapsed Camp Fence
These interventions have not only improved lives but shown the Speaker’s grasp of what governance means at the grassroots level. He is not just a politician he is a servant leader who understands the needs of the people and responds to them directly.
Another compelling reason why Suleiman is best positioned as the ideal successor to Governor Bala Mohammed is his unwavering loyalty and capacity for cooperation. As Speaker, he has built and sustained a productive relationship with the executive arm of government, ensuring that the state’s development agenda proceeds without needless friction.
His ability to mediate, harmonize and prioritize the public good over personal ambition has earned him wide respect, both within his party and across the broader political spectrum. This loyalty has never been about personal gain—it has been about continuity, stability, and ensuring that the wheels of progress keep turning.
In contrast, many of the other aspirants lining up for the 2027 race are either disconnected from the realities on the ground or lack the political temperament to sustain harmony in governance.
While some may have impressive federal titles, they lack Suleiman’s deep local roots and first-hand understanding of the challenges facing Bauchi communities. Others have spent more time in Abuja than in Bauchi, speaking more to elite concerns than to the daily struggles of farmers, artisans, and students. Speaker Suleiman, on the other hand, has never left the side of his people.
Even within the APC, a party blessed with high-profile aspirants like Dr. Ali Pate, Ambassador Yusuf Tuggar, Air Marshal Sadiq Abubakar, and Senator Shehu Buba, Suleiman’s profile is not just competitive it is superior in many key areas. He brings to the table not only legislative experience but also political tact, grassroots acceptability, and a proven ability to unite divergent interests. He does not divide—he builds bridges. And in a state as politically dynamic as Bauchi, that quality is indispensable.
READ ALSO: CBN Donates Motorized Fire Caddy To Federal Fire Service In Bauchi
The same can’t be said of the PDP field, where names like Senator Abdul Ningi, the current Commissioner of Finance, and other technocrats have been mentioned. While many of them have solid records, none possess Suleiman’s unique combination of experience, humility, and direct impact. None have his unmatched tenure as Speaker, or his widespread support among the youth and civil society.
Moreover, Suleiman’s political strength lies not just in the number of supporters he has but in the nature of that support. The call for him to contest is coming not from political jobbers or godfathers, but from ordinary people: community leaders, young professionals, market women, and non-governmental actors who see in him a leader they can trust. They believe that the same man who stood with them in quiet seasons of need can be trusted to govern them with fairness, vision, and courage.
The argument about zoning is another issue that Suleiman’s candidacy intelligently addresses. Coming from Ningi in Bauchi Central, he stands in a strategic position to bridge the recurring agitation between Bauchi North and Bauchi South. He is acceptable across the zones and has no history of divisive politics. In a state where unity is the foundation for progress, Suleiman is that neutral voice that all sides can rally around.
As 2027 approaches, the decision before the people of Bauchi is not merely about electing a new governor it is about choosing the direction of the state’s future. Will Bauchi continue on the path of meaningful development, stability, and inclusive governance, or will it retreat into the uncertainties of experimental leadership? With Speaker Abubakar Suleiman, the path is clear. His experience is deep, his temperament calm, his record solid, and his compassion genuine.
The call has been made. The people are ready. The moment is now. All that remains is for the man himself Rt. Hon. Dr. Abubakar Y. Suleiman to answer the call.
If he does, Bauchi may be set for a smooth, impactful, and people-focused transition that will deepen development and restore confidence in leadership. And history, as always, will remember those who stood up when the people called.
Isa Danbala, write from Abuja
News
Ghanaians Protest, Decry ‘State-sponsored’ Harassment In Abuja
Published
14 hours agoon
June 19, 2025By
Editor
Hundreds of Ghanaian investors and community members on Wednesday besieged the Nigerian High Commission in Abuja, demanding redress over what they described as “systematic harassment, intimidation, and violation of our fundamental rights” by the Nigeria Police and the Economic and Financial Crimes Commission.
“Our businesses are being hounded at every turn,” one of the lead developers of the River Park Estate project in Abuja, Kojo Mensah, said.
The investors claimed that their fundamental rights were being violated, alleging arbitrary arrests, repeated police invitations, and intimidation by both the police and the EFCC.
“We’ve been arrested arbitrarily, summoned without cause, and subjected to endless interrogations, yet the very complaints we cooperated to resolve back in 2012 remain buried in some dusty file,” he said.
READ ALSO: Protest In Osun Over Alleged Amotekun’s Arrest, Detention Of Community Chiefs
Carrying banners that read, “Hands Off Ghanaian Investors!” and “Tinubu, Mahama: Intervene Now!”, the demonstrators called for the immediate removal of Inspector General of Police, Mr Kayode Egbetokun, whom they accused of targeted attacks on Ghanaian businesses operating in Nigeria.
“We demand that President Bola Tinubu and President John Mahama use every diplomatic channel to stop this injustice,” the investors said.
The protest follows the filing of a suit at the Federal High Court in Abuja, in which Jonah Capital and its co-plaintiffs named IGP Egbetokun, the Nigeria Police, and the EFCC as defendants.
They are seeking a perpetual injunction restraining both agencies “from any further interference in the River Park Estate matter,” immediate disclosure of the long-delayed Special Investigation Panel report, and the sum of N200m in damages for alleged breaches of their constitutional rights.
READ ALSO: Family, CSO Protest Abduction Of 12-year-old Girl In Rivers
The suit, according to the plaintiffs, is not only to seek redress but also to safeguard the integrity of foreign investments in Nigeria and discourage what they describe as state-sponsored intimidation of legitimate investors.
In their amended writ, the plaintiffs alleged that although the SIP concluded its probe and reported to the IG, those findings had never been furnished to the investors despite repeated formal requests.
“Instead,” the suit contends, “a senior officer in the IG’s Monitoring Unit has unilaterally reopened the investigation, purportedly to undermine the SIP’s clear exoneration of our companies.”
- Enabulele Hails Edo-born Athletes’ International Feats
- Bridging Gap Between Awareness And Usage: The Role Of Local Influencers In Family Planning Advocacy In Edo
- Why Bauchi’s Future Rests with Speaker Abubakar Suleiman
- Iran’s Supreme Leader, Ali Khamenei, Deserves Not To Live – Israel’s Defence Minister
- Ukraine Worries Iran-Israel War Will Boost Russia’s Aggression
- Ghanaians Protest, Decry ‘State-sponsored’ Harassment In Abuja
- Police Arrests Three Masterminds Of Abuja Kidnappings
- Pastor Enenche Rejects N30m Donation From Kebbi Governor
- Benin Monarch Receives 119 Stolen Artefacts, Says Efforts To Re-loot Thwarted
- I See World War III Coming, But Nigeria Will Be Safe — Ben Murray Bruce
About Us
Trending
- News2 days ago
Shocking! Late Ohanaeze Ndigbo President Lefts Will That Bans Wife From Remarrying
- Headline4 days ago
Iran, Israel Need ‘To Fight It Out’ To Reach Deal – Trump
- News4 days ago
Benue Massacre: David Mark Blows Hot, Says Self Maybe Last Option
- Metro3 days ago
Boundary Dispute: One Killed, Four Injured As Protest Erupts In Edo Communities
- Metro3 days ago
Police Raid Cult Initiation Ceremony, Arrest Six In Anambra
- Headline4 days ago
Turkish President, Erdogan Calls Putin, Accused Israel Of Threatening Regional Security
- News2 days ago
OPINION: Nigerian Electricity Lie And The Old Northern Folklore
- Politics4 days ago
Why I left Tinubu’s Govt — Former Aide Aliyu Audu Declares
- News4 days ago
Police Arrest Suspected Killer Of US lawmaker
- Metro4 days ago
753 Duplexes: Abuja Court Admits Emefiele To N2bn Bail