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African Economy
CBEX Ponzi Scheme Restores Subscribers’ Balance
Crypto Bridge Exchange (CBEX), a Ponzi scheme that disappeared with subscribers’ funds earlier in the year restored depositors’ balance on Tuesday amidst intensified investigation by the Nigerian authorities.



LEADERSHIP recalls that the Economic and Financial Crimes Commission (EFCC) launched investigations into the disappearance of deposits by Nigerians with a pledge to recover the losses.


However, while subscribers said on Tuesday that they were able to view the amounts in their wallets prior to the platform’s alleged crash in April, victims were being asked to pay additional fees to retrieve their lost investments.

In order to purportedly retrieve their lost fund, a new deposit of $200 was requested as fresh deposit from individuals who initially invested over $1,000 and $100 from those who invested below $1,000.


A victim told our correspondent anonymously, “I have been able to view my balance but it makes no sense to be asked for a fresh deposit to retrieve my investment.

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“I’ll wait to see what happens to know what to do next, but if it requires a fresh deposit, then count me out.”


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Afro Music
VeryDarkMan drags Davido Burna Boy Wizkid for flaunting multi billionaira cars amid hardship
This is coming a few hours after Burna Boy acquired a N3.5billion new McLaren Sienna car.Burna Boy became the first person to buy the new McLaren Sienna car in Africa.Hours after the development, Davido reportedly bought a 2026 new Mercedes Maybach SL 680 for N1.2 Billion.This is coming a few months after Wizkid reportedly bought a N1.7 billionaire car.However reacting to the development in a viral Instagram video, VeryDarkMan accused the trio of not being sensitive to the plights of the citizens especially that of their fans and communities.VeryDarkMan who is one of Davido’s associates, questions the impact of the singer in his hometown.“Yesterday I saw the news that Burna Boy bought a N3.5 billionaire car. The same yesterday Davido bought a car of over 1billion Naira. They have been doing these.” The question I have for Burna Boy, Wizkid and Davido, don’t you people read the room? Una no really dey see country wey una come from? You guys are not the government but I just need to say this. Let me start with Davido because na you I know very well, Na you be my guy. What can you beat your chest to say you have done for the people of Osun State that you come from.“What is your contribution to the growth of Nigeria? Because you have benefited from Nigeria and you have benefited from your fans. What can your fans say they have benefited from you? The last time I saw your video from Osun was when your uncle was contesting for governor and you needed to help him secure votes. But after then what have you built that benefited the youths?
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Breaking news
Buhari corrected national wrong with June 12 recognition Tinubu
He said the decision was a significant act of national healing and a bold correction of past political injustices.The President said this at a special address to a joint session of the National Assembly on Wednesday to commemorate Democracy Day.Tinubu praised Buhari for recognizing the annulled June 12, 1993, presidential election and officially acknowledging Chief M.K.O. Abiola and his running mate, Babagana Kingibe, as the legitimate winner.He said: “President Buhari made a profound choice to confront our democratic history and restore truth to the national record. By recognising June 12 as Democracy Day, he affirmed the people’s will and honoured those who fought for our freedom.”He described the moment as deeply personal and emotional, reflecting on his own role in the pro-democracy struggle that resisted military rule in the 1990s. “As I stepped into this revered chamber, I was overwhelmed by a sense of duty and gratitude,” he told lawmakers.“Our democracy, once trampled by military boots, has risen resiliently to become the cornerstone of our governance.”Tinubu said his administration would continue to protect the sacrifices made by the forefathers to ensure a stable democracy.“Since 2018, we have marked June 12 to honour those who stood against tyranny. Today, I renew my vow before God and the Nigerian people: I will do everything in my power to defend and deepen our democracy,” he said.June 12, once a date of mourning and protest, is now observed annually as a national holiday to remember the historic 1993 election.The election is widely considered the freest and fairest in Nigeria’s history, which was controversially annulled by the military regime of General Ibrahim Babangida.
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Breaking news
June 12 We need creation of Memorial Park for democracy heroes Lanre Arogundade
This demand was made by Lanre Arogundade, the Executive Director of International Press Council, IPC, the guest lecturer at a programme held to mark the 32nd Anniversary of the June 12, 1993 presidential election in Osogbo on Thursday.Arogundade also described individuals that went for the book launch of former military president, General Ibrahim Badamasi Babangida as traitors to the ideal of democracy.He said, “Many Nigerians like Gani Fawehinmi, China Ubani, Beko Ransom-Kuti and others laid down their lives for democracy.“It is a great disservice to their memories for President Bola Tinubu, who himself was a partaker of the June 12 struggle and others to gather in Abuja for the book launch of General Ibrahim Babangida. We cannot forget that it was during Babangida’s regime that Nigerians heard of the world annulment.“I advocate that we create a memorial park for these heroes of democracy. The time has come for Nigerians to remember that people died for the democracy we are enjoying today,” he added.Arogundade, also called for reforms such as amendment of electoral laws that will benefit the electorates and enfranchise the population and the implementation of the Uwais committee report.“These reforms must cater for the 35 percent affirmative action for women to participate fully in government. Also the Justice Uwais report should be implemented where it would not be the winner takes it all.“Not all political parties must be present in Abuja. Room should be given for grassroots political parties. These parties would be more closer to the people rather than one being controlled all the from Abuja.”
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