
News
South East loses N4trn to insecurity in 24 months — Deputy Speaker
Deputy Speaker of the House of Representatives, Mr Benjamin Kalu has disclosed that the South East region lost over N4trn to insecurity in the last two years.
Mr Kalu said this in his address at the annual all markets conference in Lagos.
His words: “This rising development has caused us a lot as we keep losing business investment to the constant sit-at-home. Insecurity remains a major problem in the east, the Yoruba are not our problem, we are our own problem in the east.
“When you build 100 houses in Lagos, build at least 50 in your home. Migration can be reversed and people from Lagos can go to Igboland to buy goods.
“The constant killing, kidnapping, among others happening in the south east are not helping us. We need to readjust and arrange our home. This is not our identity.
Igbo are not known for violence. We must rise up with one voice and denounce this ugly situation in our land. I’m pained that we are no longer safe in the land that our forefathers gave us. We now sojourn in diaspora giving our children out in marriage in foreign land.”

On his part, the Chairman of United Nigeria Airlines, Prof. Okonkwo Obiora, said: “The support Igbo traders gave the governor in the March 2023 governorship election was not because he is Yoruba. It was rather because of the great competence he showed in piloting the affairs of the state during his first term. The traders also saw in him a detribalized leader who eschewed discriminatory and divisive politics which Lagos, a melting pot of ethnicities, requires to excel.
“This is why some of us are very troubled by the occasional diatribe between the Yoruba and Igbo in Lagos state as is currently the case. It is not only unnecessary but also of no positive use for anyone to fan the embers of discord between the Yoruba and Igbo who have harmoniously co-existed in Lagos with other ethnic groups for well over a century.
“As has been established over several decades, the Igbo, as traders and business leaders, thrive very well in peaceful and accommodating environments. It is only when the environment is welcoming and inviting that we best express ourselves building new businesses and communities through self-help programs and human capacity development.
“One of such is the famed apprenticeship program which the American-Canadian TED Talks organization described as the greatest Venture Capital scheme ever. We invest in any place that we are welcome. Lagos State welcomes Igbo people and that is why we are able to help develop capacities and expand the economy.
“However, that Lagos state welcomes the Igbo does not in any way suggest that the land called Lagos (Eko) belongs to the Igbo. Geographically, the Igbo people have their homelands. So, I will implore our Igbo brothers living and operating in Lagos that while we live here, do business and make a living here, we should not in any way suggest that Lagos is a no man’s land. It is erroneous and insulting to think so. Archeology tells us that even in lands where civilization has supplanted races, there are still people referred to as original inhabitants to those lands.
“Therefore, good neighbourliness will only work for our good. We must therefore respect the laws of the land while making ourselves available to serve in any capacity the states invite us to. It is only when we respect the laws of the land that the land respects and appreciates us. It is always a reciprocal relationship.”
News
Man Arrested Over Alleged Rape, Killing of Young Girl in Imo
A man reportedly from Uburu in Ebonyi State has been arrested in Ikpeze, Okigwe Local Government Area of Imo State, over the alleged rape and killing of a young girl from the Onuoha family.
According to reports, the suspect allegedly raped the girl before killing her and dumping her body in a nearby bush.
The incident has sparked concern among residents, with many calling for a thorough investigation to establish the circumstances surrounding the young girl’s death and ensure that justice is served.
The identity of the suspect and other details surrounding the incident have yet to be fully disclosed.
As of the time of filing this report, the Imo State Police Command had yet to issue an official statement on the incident.

Further details are expected as investigations progress.
UPDATE: Young Woman Umuora Mmesoma, Reportedly Killed by Ex-Boyfriend in Anambra, Buried
Meanwhile, Umuora Mmesoma, a young woman reportedly killed by her former boyfriend in Uga, Anambra State, has been laid to rest.
Mmesoma was reportedly declared missing on Friday, October 16, 2026, before her body was later discovered.
According to accounts circulating on social media, her former boyfriend, identified as Chima, allegedly killed her following the end of their relationship.
The suspect reportedly confessed to the crime, claiming that he killed Mmesoma in his house, placed her body inside a bag and dumped it at another location.
Her burial has left family members, friends and loved ones mourning the tragic loss of a young life.
Business
Binance Halts Withdrawals After Reported $6.3bn Crypto Hack
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended deposits and withdrawals following a major security breach reportedly involving about $6.3 billion in digital assets.
The exchange said its preliminary investigation indicated that an attacker may have gained unauthorised access to its systems through a compromised laptop belonging to an engineer.
In a statement released on Thursday, Binance disclosed that it was working with blockchain intelligence firms, cryptocurrency issuers and law enforcement agencies to investigate the incident and recover the affected assets.

“The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with $3 billion frozen on-chain so far,” the company said.

Binance explained that its initial findings suggested the attacker had compromised a DevOps engineer’s laptop, potentially enabling access to a service container through which unauthorised withdrawal transactions were submitted.
However, the exchange said it had found no evidence that private keys, which provide access to cryptocurrency wallets, had been exposed.
The company subsequently suspended deposits and withdrawals while its security team conducted checks and worked to contain the incident.
“Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe,” Binance said in a post on X.
North Korean Hackers Suspected
Blockchain intelligence firm TRM Labs has linked the incident to TraderTraitor, a cybercrime operation associated with North Korean hackers.
If the reported losses are confirmed, the incident would rank as the largest cryptocurrency theft on record, surpassing the $1.5 billion cryptocurrency theft from the Bybit exchange in 2025, which was attributed to North Korean hackers.
However, investigations into the Binance incident are ongoing, and the full circumstances surrounding the attack have yet to be conclusively established.
The incident has renewed concerns about the vulnerability of cryptocurrency platforms to cyberattacks, particularly those involving compromised employee devices and unauthorised access to internal systems.
Tether, Circle Freeze Funds
Major cryptocurrency companies have moved to limit the potential losses by freezing digital assets believed to be connected to the incident.
Tether Chief Executive Officer Paolo Ardoino said the company had frozen approximately $1.5 billion in USDT, its dollar-linked stablecoin.
Circle, the issuer of another major stablecoin, also reportedly froze about $800 million in assets amid reports of a potential security breach at Binance.
Binance said the amount of frozen funds could increase as investigators and industry partners continue tracing transactions across different blockchain networks.
The exchange is working with relevant stakeholders to identify the movement of the affected assets and prevent further transfers where possible.
Bitcoin, BNB Prices Fall
The reported security breach triggered a negative reaction in the cryptocurrency market, with major digital assets recording significant declines.
Bitcoin fell by approximately four per cent to $77,229 in the hours following reports of the incident.
BNB, the native token of the blockchain ecosystem developed by Binance, also dropped by about 7.5 per cent.
The price movements reflect investor concerns about the potential consequences of a major security incident at a leading cryptocurrency exchange.
Binance, which was established in 2017, reportedly holds approximately $140 billion in digital assets, making its security arrangements and ability to protect customer funds significant to the wider cryptocurrency industry.
CZ Says Customer Funds Should Be Covered
Binance co-founder and former chief executive, Changpeng Zhao, popularly known as CZ, also commented on the incident.
Although he stepped down from management of the exchange in 2023 following a settlement with United States authorities over anti-money-laundering compliance failures, Zhao said he expected customer funds to be protected.
As a shareholder, he expressed confidence that users would not ultimately bear the financial losses associated with the incident.
Binance has also indicated that it would cover eligible customer losses using its own resources, including its Secure Asset Fund for Users (SAFU), an emergency fund established to provide an additional layer of protection for customers.
The company’s final assessment of the losses and the extent of customer exposure will depend on the outcome of the ongoing investigation.
Polymarket Reports Separate Security Incident
The Binance incident emerged just hours after Polymarket, a popular prediction market, reported a separate security issue involving one of its third-party service providers.
Polymarket temporarily suspended trading after discovering that the provider had been compromised, potentially exposing some users to unauthorised activity involving their accounts.
The platform said it had referred the matter to law enforcement and promised to compensate affected users.
The two incidents have raised fresh questions about the security of cryptocurrency trading platforms and the risks associated with third-party technology providers.
In recent years, cryptocurrency exchanges and decentralised finance platforms have repeatedly been targeted by hackers seeking to exploit vulnerabilities in software, digital wallets and internal security systems.
Crypto Industry Faces Growing Security Threats
The reported Binance breach comes amid continuing concerns over cryptocurrency theft and the growing sophistication of cybercriminal operations.
According to blockchain analytics firm Chainalysis, North Korean-linked hackers stole approximately $2 billion in cryptocurrency in 2025, representing a 50 per cent increase from the previous year.
In another major incident, hackers reportedly stole about $280 million from the Drift cryptocurrency exchange in April.
The latest developments have highlighted the importance of stronger cybersecurity controls, effective monitoring of employee devices, rapid detection of suspicious transactions and cooperation between cryptocurrency companies and law enforcement agencies.
For Binance, the immediate priority remains containing the incident, tracing the affected funds and establishing the full extent of the losses.
The company is expected to release a detailed technical report after completing its investigation and verifying the facts surrounding the breach.
News
Tinubu Arrives in Saudi Arabia for Umrah, Set to Return Next Week
President Bola Ahmed Tinubu has arrived in Saudi Arabia to perform Umrah, the Islamic lesser pilgrimage, as part of a religious visit to the Kingdom.
Tinubu arrived at the King Abdulaziz International Airport in Jeddah on Thursday evening, where he was received by Nigeria’s Ambassador to Saudi Arabia, Yakubu Gambo, and the Saudi head of royal protocol, Ahmad bin Thafir.
The President is expected to proceed to Makkah, the holy city where Muslims from across the world gather to perform the religious rites associated with Umrah.
According to the travel schedule, Tinubu is expected to return to Nigeria next week after completing the pilgrimage.
Umrah is a voluntary Islamic pilgrimage that can be undertaken at any time of the year, unlike Hajj, which takes place during a specific period in the Islamic calendar. The religious exercise involves a series of rites performed in Makkah and is regarded by Muslims as an opportunity for spiritual reflection, repentance and seeking Allah’s blessings.

The visit marks another religious journey by the President since assuming office on May 29, 2023.
Tinubu previously visited Makkah in November 2023, shortly after participating in the Saudi-African Summit in Riyadh, the Saudi Arabian capital. During that visit, he also performed Umrah and sought divine guidance for his administration and the affairs of Nigeria.
His latest trip comes as his administration continues to grapple with major national issues, including economic reforms, the cost of living, security challenges and efforts to stimulate investment and economic growth.
Although the visit is primarily religious, it also highlights the President’s continued engagement with Saudi Arabia, an important partner for Nigeria in areas such as energy, trade, investment and religious affairs.
Since taking office, Tinubu has undertaken numerous foreign trips involving bilateral meetings, multilateral summits, investment engagements and diplomatic visits across several continents.
The frequency of presidential foreign travel has also generated public discussion about the costs, benefits and outcomes of overseas engagements, particularly at a time when Nigerians are concerned about economic hardship and the need for improved living standards.
The Presidency has consistently maintained that international engagements are intended to strengthen Nigeria’s diplomatic relations, attract investment and advance the country’s economic and strategic interests.
Tinubu’s return next week is expected to mark the conclusion of the religious visit, after which he is expected to resume his presidential responsibilities in Nigeria.
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