The Economic and Financial Crimes Commission (EFCC) has traced proceeds from the collapsed CBEX crypto bridge exchange scheme to at least four countries, but warns that full restitution to victims may not be possible. EFCC Chairman, Ola Olukoyede, disclosed this during an appearance on Channels Television’s Politics Today on Wednesday, April 30. He confirmed that…
Governor Monday Okpebholo has announced an increase in the minimum wage for Edo State workers from ₦70,000 to ₦75,000, reaffirming his administration’s commitment to improving the welfare of public sector employees. The governor made the announcement during his May Day address at the Samuel Ogbemudia Stadium in Benin City on Thursday, May 1. “Today, I…
The long-running dispute over Unstructured Supplementary Service Data (USSD) debt between Deposit Money Banks (DMBs) and telecommunications operators has finally been resolved, marking the end of a five-year standoff. MTN Nigeria CEO, Karl Toriola, confirmed the development during an appearance on Arise TV on Thursday, May 1, where he discussed the company’s Q1 2025 financial…
Popular businessman and socialite Emeka Okonkwo, better known as E-Money, has spoken out following his brief arrest by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the Naira and foreign currency. E-Money was reportedly taken from his Lagos residence and flown to Abuja for questioning after videos of him spraying cash at…
Embattled crypto trading platform, Crypto Bridge Exchange (CBEX), has quietly resumed operations, introducing new withdrawal options in an apparent effort to restore investor confidence—despite being under investigation over an alleged N1.2 trillion digital trading fraud affecting more than 600,000 Nigerians. According to Punch, two traders confirmed that the platform is now allowing new users to…
