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[PRESS RELEASE] Rivers State Government Rejoinder On Relocation Of NBA AGC 2025
Port Harcourt – The Rivers State Government has noted the statement by the NBA on the relocation the 2025 Annual General Conference (AGC) from Port Harcourt, Rivers State to Enugu State.
The Rivers State Government, however, outrightly rejects the NBA’s recent allegation that the ₦300 million payment made by the state was a "gift", unrelated to hosting rights for the NBA AGC 2025. For clarity, the Rivers State Government’s records show that the payment of ₦300 million to the NBA was made with the mutual understanding that Rivers State would host the 2025 edition of the NBA AGC.
The Rivers State
Government entered into this arrangement with the NBA in good faith, with the understanding that hosting the conference in the state would attract significant economic benefits to our state, positively and directly impact the businesses of our people. The NBA's unilateral decision to relocate the AGC 2025 against our mutual understanding and subsequent decision to withhold the ₦300 million paid for the purpose of hosting the NBA AGC 2025 in Rivers State is unethical and amounts to a breach of trust.
Failure of the NBA to immediately refund the ₦300 million to the Rivers State Government, will compel the implementation of all legal means to recover the property of the good people of Rivers State.
We reaffirm our willingness to engage in partnerships with all professional bodies, including the NBA, but we will not accommodate exploitation of our people and the Rivers State Government.
Signed:
Hector Igbikiowubo
SSA Media
Rivers State Government
Government House, Port Harcourt
[PRESS RELEASE] Governor Soludo Felicitates Dr. Onyechi Ikpeazu On His Birthday
The Governor of Anambra State, Professor Chukwuma Charles Soludo, CFR, has expressed warm felicitations to Dr. Onyechi Ikpeazu (Ezennia) SAN, OON, JP, FCArb, esteemed legal luminary on the auspicious occasion of his birthday.
In his goodwill message, Governor Soludo commended Dr. Ikpeazu's distinguished career as a proof of absolute dedication, intellectual prowess, and an unyielding commitment to the tenets of justice and the rule of law.
His profound contributions to the Nigerian legal landscape, particularly within the realm of constitutional law, have earned him national and international acclaim.
The Governor further noted that beyond his legal eminence, Dr. Ikpeazu's role as one of the leading lawyers in the country also underscores his steadfast dedication to the advancement of democratic principles and the promotion of good governance.
Therefore, Governor Soludo wishes Dr. Ikpeazu, a very happy birthday celebration filled with good health, prosperity, and the fulfilment of his aspirations.
Signed,
Christian Aburime
Press Secretary to the Governor
Anambra govt seeks nationwide ban on industrial oxygen in hospitals over health risks
Anambra government has called for legislation to ban the use of industrial oxygen in hospitals across the country, describing it as dangerous to public health.
The State Commissioner for Information, Dr. Law Mefor, made the call on Tuesday during a courtesy visit to Ms. Nwamaka Arinze, the Managing Director/Chief Executive Officer of the Anambra State Oxygen Production Plant in Awka.
Mefor expressed displeasure over the continued use of industrial oxygen in hospitals instead of pure medical oxygen, describing it as very dangerous for humans.
He emphasized that, “Since it has been proven that industrial oxygen is not good for human consumption, it should be a legislative issue. There should be a law against it, with clear punishments outlined for its usage.”
Mefor argued that without legislation, people will still opt for what they consider cheap, regardless of the consequences.
The commissioner noted that the use of industrial oxygen is widespread and called for strong legislation with severe punishment to curb this deadly practice.
He also pointed out that the National Agency for Food, Drug Administration and Control (NAFDAC) had recently shut down the Bridgehead Drug Market due to the sale of fake, expired, and banned drugs.
Mefor lamented that some traders place profit above human lives, stating that “The only way to really curb this menace is through legislation and enforcement of the law.”
He acknowledged that the problem is not the absence of laws but the difficulty of enforcement, particularly in Anambra State, where challenges exist in ensuring that laws are applied effectively.
Mefor also pledged that the Ministry of Information would work closely with relevant authorities to raise public awareness about the dangers of industrial oxygen in hospitals.
Support for the legislation
Earlier, Dr. Arinze, the MD/CEO of the Anambra State Oxygen Production Plant at Chukwuemeka Odumegwu Ojukwu University Teaching Hospital (COOUTH), Awka, voiced her support for the fight against the use of industrial oxygen in medical settings.
- Arinze condemned the use of industrial oxygen in hospitals and echoed the Commissioner’s call for legislation and strict enforcement.
- She expressed satisfaction that the Anambra State Oxygen Production Plant continues to produce pure medical oxygen and has a standby supply for emergencies.
However, she noted the challenge of educating some doctors who, despite knowing the dangers, still permit the use of industrial oxygen.
The cost of poor practices
Arinze lamented that in Nigeria, autopsies are often only conducted in controversial cases. This practice means that when a patient dies after being administered industrial oxygen, families still end up paying the doctor before collecting the body.
She stressed the importance of healthcare professionals’ responsibility to save lives and build, rather than destroy.
[Nairametrics]
Aregbesola Speaks On Meeting President Tinubu In France
Former Osun State Governor, Rauf Aregbesola, has denied reports that he travelled to France to meet President Bola Tinubu.
The former Governor clarified that he is in Abuja; hence, there is no way he could have met Tinubu as speculated in some reports.
Naija News reports that Aregbesola made the clarification in a statement on Tuesday by his media adviser, Sola Fasure, following social media reports on Monday alleging that the former Governor of Osun State was in France to meet with President Tinubu, who is on a two-week vacation in Paris.
However, the former Minister of Interior, in debunking the claim, clarified that he is currently in Abuja and has not travelled outside Nigeria.
He urged members of the pubic to disregard reports of any meeting between himself and Tinubu in France.
Fasure said: “Our attention has been drawn to a mischievous report on social media claiming that the former Governor of Osun State, Ogbeni Rauf Aregbesola, is currently in France to meet with President Bola Ahmed Tinubu.
“We wish to categorically state that this is false and there is absolutely no truth to it.
“Ogbeni Aregbesola is presently in Abuja and has not travelled outside the shores of Nigeria.
“The report is entirely false and unfounded and should therefore be totally disregarded.”
In other news, the Special Adviser on Policy Communication to President Bola Tinubu, Daniel Bwala, has dismissed rumors circulating on social media that the president traveled to France for medical treatment.
According to Bwala, President Tinubu is in Paris for a working visit and not for any health-related concerns.
[NAijaNews]
Popular Singer Osupa Withdraws Defamation Case Against Portable In Kwara After Sowore’s Intervention
Politician and activist, Omoyele Sowore, has revealed that popular fuji musician Saheed Osupa Akorede has withdrawn his defamation case against fellow singer, Habeeb Okikiola, a.k.a Portable, before an Upper Area Court in Ilorin, Kwara State.
In a post shared on his verified Facebook page on Tuesday afternoon, Sowore said he had a conversation with Osupa, during which the musician explained that his use of the police was intended to show he had no involvement in any attempt to harm Portable. However, Osupa acknowledged that his actions might have been seen as using the police for repression.
As a result, he decided to drop the charges that had led to Portable’s incarceration in a prison in Ilorin after failing to meet bail conditions on Monday.
Sowore maintained that the Nigeria Police Force (NPF) should not be used to enforce civil disputes and called for an end to the misuse of cybercrime charges.
Moment later, Sowore returned to his Facebook page to confirm Portable’s release from Oke Kura Custorial Centre in Ilorin.
[Leadership]
Inflation rises to 24.23% in March
Nigeria’s headline inflation rate rose to 24.23 percent in March, the National Bureau of Statistics (NBS) has stated.
A report by the bureau said the figure was a 1.05 percent increase from the 23.18 percent recorded in February.
Daily Trust reports that this is the first increase of the inflation figure since the NBS rebased the Consumer Price Index (CPI) earlier in the year.
“Looking at the movement, the March 2025 Headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate. Furthermore, on a month-on-month basis, the Headline inflation rate in March 2025 was 3.90%, which was 1.85% higher than the rate recorded in February 2025 (2.04%).
“This means that in March 2025, the rate of increase in the average price level is higher than the rate of increase in the average price level in February 2025.”
It explained that contributions of items on the divisional level are food and non-alcoholic beverages, 9.28 percent; restaurants and accommodation services, 2.99 percent; transport, 2.47 percent; housing, water, electricity, gas, and other fuels, 1.95 percent, education services 1.44 percent, health 1.40 percent.
It said food inflation rate in March 2025 was 21.79 percent on a year-on-year basis.
“However, on a month-on-month basis, the Food inflation rate in March 2025 was 2.18 percent, up by 0.50 percent compared to February 2025 (1.67 percent),” the NBS added.
It attributed the increase to the rise in the average prices of ginger (fresh), garri (Yellow), broken rice (ofada), honey (natural production), crabs, potatoes, plantain flour, periwinkle (unshelled), pepper (fresh), etc.
[DailyTrust]
[VIDEO] Unknown gunmen on rampage, kill 3 policemen in Enugu
A yet to be identified gunmen have killed at least three policemen in Achi, Oji River Local Government Area, Enugu State.
DAILY POST learnt that the incident happened at a checkpoint close to Ozudaa Market, Achi.
Details of the incident are still sketchy as the Police Public Relations Officer of the Enugu Command, SP Daniel Ndukwe could not take his calls.
However, a viral gory video obtained by DAILY POST shows lifeless bodies of the slain policemen.
More to follow….
Watch video on Facebook
https://www.facebook.com/share/v/1Nasrk54MA/
[DailyPost]
CBEX: Key things to know about collapsed online trading platform
Thousands of Nigerians are reeling from the collapse of CBEX, a digital asset trading platform that has reportedly disappeared with more than N1.3 trillion of investors’ funds.
The platform, which lured users with promises of a 100% return on investment within 30 days, abruptly crashed on Monday.
Investors were shocked to find their digital wallets emptied, while CBEX shut down its Telegram channels and froze all withdrawal options.
In a last-ditch attempt to maintain control, CBEX introduced a so-called “verification” process, demanding $100 or $200 from users in exchange for a supposed chance to recover their lost funds—further deepening suspicions of a coordinated scam.
CBEX had presented itself as a secure and transparent digital trading platform, but its sudden disappearance has left investors counting heavy losses in what is now considered one of Nigeria’s largest digital financial scams.
However, its operational model is now under intense scrutiny as accusations of fraud and deceptive tactics surface. The platform allegedly displayed fake withdrawal records to cover up the issues users faced when trying to access their funds.
Reports indicate that user funds disappeared almost immediately after deposit, meaning investors never truly owned or accessed the digital assets they believed they were trading.
CBEX reportedly operated without proper licensing and ran a poorly designed website that mimicked reputable platforms like ByBit to appear legitimate and gain users’ trust.
It was reported that behind the scenes, investors’ deposits were funneled into a TRX (Tron) wallet, quickly converted to USDT and then ETH. Meanwhile, what appeared on users’ dashboards were fake balances — artificially generated figures showing fictitious AI trading profits.
In reality, the scheme ran like a typical Ponzi structure, using funds from new investors to simulate returns for earlier ones.
After the platform’s crash, CBEX introduced a so-called “verification” phase, demanding an extra $100 from users with balances below $1,000, and $200 from those with higher amounts, under the guise of helping them recover their funds.
Analysts have described this as a last-ditch effort to extract more money from desperate victims, possibly to pay a few and sustain the illusion of credibility, while the majority are left defrauded.
[TheNation]
Can Nigerians still withdraw their money on CBEX? — What you need to know
Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts.
The digital trading platform crashed on Monday after the money in their investors’ wallets vanished.
CBEX also locked its telegram channels and postponed its withdrawals while giving investors the lifeline of $2,000 for $200 verification and $1,000 for $100 verification.
Analysing the crash on X space organised by Trending X, a cryptocurrency expert and security analyst, Taiwo Owolabi said data has shown that the money was moved to a TRX address (yourself:TDqSquXBgUCLYvYC4XZgrprLK589dkhSCf) and a total volume stolen so far in USDT is $847 million and likely to increase.
Owolabi stressed that the invested funds are gone because CBEX is not a licensed platform, and the creators designed a weak website to look like ByBit, which is a legitimate trading platform.
“They designed the weak website to convince people in the future that it was a security breach that affected them. Apparently, when you make payments, you pay them into a TRX account, and then, immediately, they move it from that TRX wallet, gather it, convert it to USDT, then to ETH. So, when you are logging into your account, there is literally no money on your profile.
“What you see are just numbers. All the daily activities you do to ‘trade’ increase your money. All the AI trading is fake. When it’s time for withdrawal, they will send you another person’s money.
“Since, you won’t be leaving them because of greed. You will most likely put the money back and even more. So, they will use that same money to pay another person. As you spread the word for them, more people will join and do the same.”
What exactly is CBEX?
CBEX is a digital trading asset platform that gives investors 100 per cent Return On Investment in 30 days. Its purported goal was to create a secure, transparent environment for transactions.
However, its operational model now comes under scrutiny as allegations of fraud and deceptive practices emerge. The platform is said to display falsified withdrawal records to mask the difficulties users encounter when trying to access their funds.
Can Nigerians still withdraw their money?
Owolabi, while explaining on the X space, said that in reality, all the funds are gone. Unless people decide to pay the $100 and $200 verification fees, that way, they will settle some people and leave others to languish.
He also maintained that it was the same way popular Ponzi schemes that have duped Nigerians in the past behaved, adding, “It is a rob Peter to pay Paul’ deal.
SEC warns Nigerians against investing in Ponzi schemes
However, amid the growing concerns of the crash, the SEC clarified that, in accordance with the ISA 2025 recently signed by President Bola Tinubu, it is now an offence for any entity to operate an online forex trading platform or provide related services without prior registration with the commission.
“By virtue of this Act, it is an offence in Nigeria for any entity that is not registered by the commission to carry out the business of online foreign exchange trading platforms or related services.
“Any business entity with the plan of setting up a business in any of these areas is advised to visit the HOD DRM Department of the commission for further direction on how to register with the commission to avoid sanctions,” it added.
The commission noted that “Under the newly enacted legislation, the Securities and Exchange Commission (SEC) is now empowered to regulate a broader scope of market activities as Section 3(3)(b) of the Act explicitly mandates the commission to “register and regulate securities exchanges, commodity exchanges, virtual and digital asset exchanges, and other market venues.”
Speaking on the development, the director general of the commission, Dr Emomotimi Agama, described the new law as “a landmark step in positioning Nigeria’s capital market to be more inclusive, robust, and in tune with global best practices.”
He stated, “The ISA 2025 has given the commission the legal backing to provide clarity, ensure investor protection, and enhance market confidence, especially in new and previously unregulated segments such as digital asset exchanges and online foreign exchange platforms.”
The commission reaffirmed its commitment to supporting innovation while maintaining strict oversight. “We welcome innovation, but it must occur within a regulated environment that protects investors and maintains the integrity of our market,” Agama added.
Meet 18-yr-old Nigerian Osariemen Unuigbe accepted into six Ivy League universities
Eighteen-year-old Osariemen Unuigbe, a Nigerian-American student of Edo State origin, has been accepted into six Ivy League universities in the United States, including the prestigious Harvard and Yale.
Currently a senior at Egg Harbor Township High School in New Jersey, Osariemen is earning widespread praise for her exceptional academic performance and steadfast pursuit of excellence.
Her parents, Dr. Augustine and Dr. (Mrs.) Florence Unuigbe, expressed their heartfelt joy, describing her achievement as “a great miracle” and giving “all glory to God.”
Osariemen’s impressive resume includes acceptance into the highly competitive Governor’s School of New Jersey, as well as holding numerous leadership positions throughout her academic journey.
She has received a host of academic honours, all highlighting her commitment to personal growth and intellectual achievement.
Recently, Osariemen Unuigbe was named a 2025 “Rising to the Top” scholar by the National Coalition of 100 Black Women, Inc., Southern New Jersey Chapter—another prestigious recognition of her all-around excellence.
Her success reflects the increasing visibility and impact of Nigerian students in U.S. higher education.
The Open Doors Report on International Educational Exchange revealed that Nigerian student enrollment at U.S. institutions reached 20,029 in the 2023/2024 academic year, marking a 13.5% rise from previous years.