
News
Nigerian investors weep, lament loss of millions as CBEX crypto trading platform crashes
…seek FG, EFCC’s intervention
Many Nigerian investors have been thrown into pains and anguish following the reported crash of CBEX, a popular digital trading platform that promised investors 100% return on investment in just one month.
The platform, which gained massive traction among Nigerians with its mouthwatering offers, reportedly crashed over the weekend, leaving countless users in financial ruin.
Many victims of the cryptocurrency trading scam took to social media to lament their losses after discovering that their account balances had suddenly dropped to zero, and all attempts to withdraw their funds were futile.
CBEX, which operated in USD, marketed itself as a secure investment vehicle driven by AI trading but crashed last weekend leaving many investors in distress.
Red flags emerged when users began experiencing withdrawal delays, followed by the locking of CBEX Telegram support channels. The final blow came when the platform demanded an additional $100–$200 “verification fee” from users in order to allegedly recover their trapped funds—an act many have described as a desperate scam tactic.
Some of the investors have called on security and anti-graft agencies to wade in and apprehend those who lured Nigerians into investing in CBEX with the assurance that the platform was well registered and recognized by relevant agencies of government in Nigeria.

They called on the Economic and Financial Crimes Commission, EFCC to apprehend sponsors of CBEX in Nigeria and ensure their prosecution to serve as a deterrent to other fraudulent people in such dubious and illicit businesses in the country.
They urged the EFCC and the Nigerian government to help recover the millions of naira they invested in the scheme in order to ameliorate their plights.
“We have seen MMM and Intelligence Prime Capital, IPC and several other ponzi schemes that came to Nigeria and defrauded the citizens of their hard-earned money in the past and the sponsors left without being apprehended and that could be why other fraudulent investment schemes are rampant in the country. This should mot be allowed to continue. EFCC should not allow those behind CBEX which claimed to have obtained Nigerian government’s certification, to go with our money,” a woman who claimed to have lost over N8m to the digital platform said.
News
FCT police arrest suspected k!dnappers in viral video wearing military camourflage and brandishing AK-47 rifles
The FCT police command have arrested suspected k!dnappers seen in a viral video openly brandishing AK-47 rifles, ammunition, and walkie-talkies, while dressed in military camouflage.
Confirming their arrest to newsmen, the FCT Commissioner of Police, CP Ahmed Sanusi, said immediately he received the viral video and pictures, he directed a detailed forensic analysis into the origin of the content and ordered the immediate arrest of the suspects.
Sanusi mentioned that following digital forensic analysis and actionable intelligence, he directed operatives of the FCT Police VCRU Sector 5 and personnel from Zuba Division, led by the DPO, CSP Ogu Caleb Ikechukwu, on a coordinated operation at Runji Village, Zuba, on May 25 at about 3:22am, where three suspects featured in the videos were arrested at their hideout.

He gave the names of the suspects as Umar Babangida, 25 years old; Adamu Yeti, 22 years old; and Yahaya Idris, 24 years old, all residents of Rijana, Kaduna State.
The police boss said investigations revealed that the suspects had previously been in possession of the AK-47 rifles, which were obtained from their gang leader identified only as “Esco” from Rijana, Kaduna State who is currently at large.

He mentioned that further investigations also led to the recovery of additional videos and photographs from the suspects’ mobile phones showing them dressed in military camouflage while brandishing AK-47 rifles and carrying walkie-talkies.
The suspects are currently in custody undergoing further investigation, while efforts are ongoing to apprehend Esco the gang leader and other members of the gang who are at large and recover the firearms.
News
Political Rallies: No market closure – Enugu Govt warns
The Enugu State Government has warned against an alleged plan by some market leaders to shut down major markets within the state capital on Saturday to show support during a rally backing reelection of Governor Peter Mbah and President Bola Tinubu.
The government stated that such a move contradicts the Mbah Administration’s determined effort to boost investment, business and productivity in the state, and therefore does not have the government’s blessing.
The government made its position known in a statement issued by the Commissioner for Information and Communication, Dr. Malachy Agbo, on Friday.
It said that people should feel free to go about their businesses, a predisposition it said prompted the decision of Mbah Administration to end illegal Monday sit-at-home effective June 5, 2023.
The statement equally maintained that political association remains an individual right and choice, saying participation in the Saturday rally and subsequent rallies by any group should never truncate businesses or involve any form of compulsion.
“The attention of the Enugu State Government has been drawn to an alleged plan to shut markets in the state capital as a demonstration of solidarity with the Enugu East zonal rally to drum up support for His Excellency, President Bola Ahmed Tinubu, GCFR, and His Excellency, Governor Peter Mbah, ahead of the 2027 general election.

“While the government appreciates the enormous demonstration of goodwill by traders across the state, it frowns, however, at any attempt by any market leader to shut down major markets in the Enugu East Senatorial District on account of the planned rally.
“This is not only contrary to the administration’s vision and drive to grow Enugu State’s economy from $4.4 billion to $30 billion, and also to position the state as the preferred destination for investment, business, tourism and living, but also the decision of the administration to ban illegal sit-at-home effective June 5, 2023.
“Furthermore, the 1999 Constitution (as amended) guarantees freedom of association and assembly. Thus, nothing should be seen to detract from these rights in this or future rallies by any group whatsoever.
“For emphasis, political participation should be voluntary and without any attempt to deny the people access to markets or other public spaces where they earn their daily living.
“Therefore, members of the public, particularly leaderships of various markets in the state should take note, please, as government will not hesitate to impose sanctions on any action to the contrary,” the statement read.
DR. MALACHY AGBO
Commissioner for Information and Communication
Enugu State
05/06/2026
News
Security guard kidnaps employer’s two children, demands ransom
A private security guard has escaped with two kids from his employer in Minna, with the police suspecting abduction.
The security guard, named Sani Abdulrahaman, a Fulani by tribe, on Sunday, reportedly took Umaru and Anas, both six years old, on Sallah picnic without the knowledge of their father, Alhaji Danjuma, a businessman, and failed to bring them back home.
The father of the children raised the alarm asking the public and security agencies to help him locate the fleeing security guard and his children.
Danjuma said someone called him on Sunday evening and said he was in Erena forest in Shiroro Local Government Area with the children.
According to him, the caller asked for undisclosed ransom before his children who were in their custody would be released.
When contacted, Niger State Command Police Public Relations Officer, SP Wasiu Abiodun, confirmed the incident, which he said occurred about one o’clock on Sunday, May 31.

Abiodun explained that the security man pretended that he was taking the children for Sallah celebration in the town, but did not return.
He said the police suspected abduction but disclosed that “investigation has commenced and efforts to locate the children are ongoing.”
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