Good morning. Here is today’s summary from TheMatrix Newspapers:
1. Tears, Pain, Anguish As Another Ponzi Scheme, CBEX Crashes
- Nigerians Lose N1.3tn As EFCC, Interpol Sweep Into Action
- Despite SEC, EFCC’s Warnings, Nigerians Still Fall Prey
- List Of 58 Illegal Ponzi Scheme Emerges, As Angry “Investors” Vandalise, Loot CBEX Offices
It is a case of pain, anguish and tears as Nigerians took to their various social media platforms to lament their losses after a Ponzi digital asset trading platform, known as Crypto Bridge Exchange (CBEX), crashed and allegedly swept over N1.3 trillion from investors’ accounts on Monday, April 15, 2025. READ MORE
2. N300m ‘Gift’: Rivers Administrator, Ibas Threatens Legal Action Against NBA
- No Basis For Retaining “Gift”, It Should Be Returned Immediately-SAN
The Sole Administrator of Rivers State, Vice Admiral (Rtd.) Ibok-Ete Ekwe Ibas has threatened to sue the Nigerian Bar Association (NBA) if the purported ₦300 million payment made to the association was not returned to the state. READ MORE
3. Importation Of PMS Drops By 30 Million Litres In Eight Months- NMDPRA
The Nigerian government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the importation of Premium Motor Spirit (PMS) popularly called petrol have READ MORE
4. Despite CPI Rebasing, Nigeria’s Inflation Rate Jumps To 24.23% In March 2025- NBS
The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate increased to 24.23 percent in March after months of respite. READ MORE
5. FAAC: FG, States, LGAs Share N1.57tr As Revenue Allocation For March
The three tiers of government on Monday shared the sum of N1.57 trillion as revenue allocation for March. READ MORE
6. Agbakoba Flags Inconsistencies In Natasha’s Sexual Harassment Allegations Against Akpabio
Renowned legal icon, Dr. Olisa Agbakoba, SAN, has expressed concern over what he described as “significant inconsistencies” in the sexual harassment allegations made by Senator Natasha Akpoti-Uduaghan against Senate President Godswill Akpabio. READ MORE
7. Tinubu Boosted Inmate Feeding Budget By 50% -NCoS Debunks Hunger Claims In Prisons
The Nigerian Correctional Service (NCoS) has strongly refuted recent allegations that inmates in the nation’s correctional facilities are being starved due to economic challenges. READ MORE
8. Court Strikes Out Falana, Falz’s Defamation Suit Against VeryDarkMan
A Lagos State High Court in Ikeja on Tuesday struck out the preliminary objection in the N1 billion defamation suit filed by renowned human rights lawyer Femi Falana (SAN) and his son, popular musician Folarin Falana, aka Falz, against social media influencer Vincent Otse, also known as VeryDarkMan. READ MORE
9. Peter Okoye Disowns Family Amid Testimony in EFCC Case Against Brother Jude
Musician Peter Okoye, also known as Mr P and one half of the defunct duo P-Square, has publicly disowned his family following his courtroom testimony against his elder brother Jude Okoye, who is facing money laundering charges. READ MORE
10. UCL: PSG, Barca Survive A’ Villa, Dortmund’s Scare To Qualify For Semi Final
Aston Villa produced a spirited comeback against Paris Saint-German at Villa Park but are out of the Champions League following an incredible 5-4 aggregate defeat. READ MORE
