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EFCC speaks on CBEX scam, vows to crush all forms of financial fraud

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…we’ll ensure justice for victims of CBEX fraud

The Economic and Financial Crimes Commission (EFCC) has clarified that it is not a regulatory or approval authority for online businesses in Nigeria.

This statement comes in the wake of a Saturday PUNCH investigation, which revealed that the operators of the Crypto Bridge Exchange (CBEX) were linked to a company named ST Technologies International Limited.

According to the report, ST Technologies was officially registered with the Corporate Affairs Commission (CAC) on September 25, 2024, and later enlisted with the EFCC’s Special Control Unit Against Money Laundering (SCUML) on January 16, 2025.

CBEX promoters allegedly used the company’s official registration documents to convince numerous Nigerians to invest in what ultimately turned out to be a fraudulent scheme.

In a post shared on its official (Twitter) account, the EFCC distanced itself from any form of endorsement or approval of the platform.

“The EFCC is not a clearing house or regulatory body for online ventures,” the agency stated.

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The Commission further clarified that it was ST Technologies—not CBEX—that registered with SCUML. This registration, they explained, is a legal requirement under Nigeria’s anti-money laundering framework, applicable to all Designated Non-Financial Businesses and Professions (DNFBPs).

“ST Technologies (not CBEX) registered with the Special Control Unit against Money Laundering, SCUML, in accordance with Section 17 of the Money Laundering (Prevention and Prohibition) Act, 2022,” the EFCC emphasized.

Though the EFCC does not oversee or license digital platforms, it reaffirmed its commitment to fighting all forms of financial crime and promised to pursue justice for those affected by the CBEX scam.

“Financial fraud in any form falls squarely within the EFCC’s mandate, and the Commission is dedicated to ensuring justice for the victims of the CBEX fraud,” it added.

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Benue Monarch beg Trump to expedite action on military action

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US President, Donald Trump
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Traditional ruler of Yelwata community in Benue State, HRH Kumaga Jor, has backed moves by United States President, Donald Trump, to end alleged Christian genocide in Nigeria.

About 200 persons were massacred when suspected Fulani gunmen invaded Yelwata in June 2025.

Jor welcomed Trump’s ‘US military action threat’ while speaking with journalists in Makurdi on Thursday.

He concurred with Trump that there is ongoing killing of Christians in Nigeria.

According to him, “the attack on his domain as well as other attacks in Benue State were carried out by Muslim terrorists”.

Jor appreciated the US President for coming to the aid of Christians in Nigeria and urged him to expedite action.

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According to him, “the situation remains dire as killings go on almost daily with many villages sacked and occupied by the terrorists”.

He expressed sadness that original inhabitants are now taking refuge in Internally Displaced Persons ,IDPs, camps across Benue State.

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Northern, Hausa Christians write Tinubu, Fagbemi alleging persecution, denial of appointments

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President Bola Tinubu
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Arewa Christians and Indigenous Pastors Association, ACIPA, has claimed that despite government’s denial of persecution and systematic genocide against Christians, there are evidence that Northern and Hausa Christians in particular, have been and are still denied rights of employment, scholarships and appointments.

The Pastors said this in an open letter to President Bola Tinubu and the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN.

The ACIPA in its letter, said that despite government’s denial of genocide against Christians, there is a systematic support of persecution against them in the North.

The group alleged what it described an outright persecution against a Christian from the North East who came first, scoring 83% in the recently concluded interview for the appointment of Permanent Secretaries.

“In the usual perpetuation of denial of rights and persecution of Northern Christians and indigenous people experienced in states like Jigawa, Kano, Zamfara, Katsina, Bauchi, Borno, Yobe, Sokoto, Kebbi and at the Federal level, someone who scored 54% emerging the fifth position was announced as Permanent Secretary by the office of the Head of Service of the Federation on 4th November, 2025,”

The group in a statement signed Dr Luke Shehu, ACIPA Chairman, said, “We are aware of the ongoing process to swear in [a man who finished 5th] as the Permanent Secretary instead of the qualified christian.

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“Once again, true to our calling as advocates of peace, unity, social justice and development, we are not only renouncing and rejecting the travesty and persecution but we are calling on all concerned to correct this abnormality and travesty with immediate effect.”

ACIPA said it was calling on all advocates against persecution and travesty to rise to the occasion and call authorities to order against the persecution of Christians in the North.

”A travesty that has almost become a norm. This is no longer acceptable,” the group said.

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Tinubu swears in Kingsley Udeh as minister

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President Bola Tinubu and the newly inaugurated Minister, Kingsley Udeh
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…as Enugu applauds Gov Mbah’s recruitment of best brains in governance

…Doro also sworn in

President Bola Ahmed Tinubu has sworn in two newly appointed Ministers, Dr. Bernard Mohammed Doro and Mr. Kingsley Tochukwu Udeh, at a brief ceremony inside the Council Chamber of the State House, Abuja.

The swearing-in took place just before the commencement of the Federal Executive Council (FEC) meeting, presided over by the President.

Doro, a pharmacist and lawyer from Plateau State, fills the ministerial vacancy created by former Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Goshwe Yilwatda, who is now National Chairman of the ruling All Progressives Congress (APC).l

Doro and Yilwatda are from Plateau State.

His nomination was confirmed by the Senate in late October.

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Udeh, a Senior Advocate of Nigeria (SAN), from Enugu State, will be filling the vacancy created by the resignation of former Minister of Science, Innovation, and Technology, Uche Nnaji, who resigned following allegations of certificate forgery.

Udeh’s appointment was confirmed by the Senate earlier on Thursday, following a brief screening session during plenary. Until his elevation to the federal cabinet, he served as the Attorney-General and Commissioner for Justice in Enugu State.

The FEC swung into session immediately after a report presented by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on the state of the economy.

The Senate had confirmed Dr. Kingsley Udeh, a Senior Advocate of Nigeria from Enugu State, as a Minister of the Federal Republic of Nigeria.

The confirmation followed a screening session on the Senate floor on Thursday, as reported by Channels TV.

Born in 1978, Udeh previously served as Enugu State Attorney General and Commissioner for Justice.

During the screening, senators questioned him on national and diplomatic issues, including Nigeria’s response to U.S. President Donald Trump’s recent threats.

Responding, Udeh said President Bola Tinubu was managing the situation through diplomatic channels, describing it as “a matter of diplomacy rather than law.”

He also addressed the debate on separating the offices of the Attorney General of the Federation and Minister of Justice, saying the success of either arrangement depends on the integrity and independence of the officeholder.

Satisfied with his responses, the Senate asked him to take a bow and subsequently confirmed his appointment.

Across Enugu State, the news of Udeh’s confirmation was received with widespread joy and celebration, as residents, youth groups, and professional bodies described the development as a testament to the excellence and vision of Governor Mbah’s leadership.

They hailed Udeh as a youth of distinction—an accomplished scholar and legal luminary whose brilliance and character embody the new face of Enugu’s rising generation.

The people further extolled the governor for his pivotal role in facilitating Udeh’s nomination and eventual appointment by President Bola Tinubu.

They also lauded him for consistently identifying and promoting competent professionals to positions of responsibility, both within and beyond the state. According to them, Mbah’s deliberate recruitment of the best brains into his administration has made Enugu stand out as one of the most reform-driven and innovative states in the federation.

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