News
Ola Olukoyede: EFCC recovers part of funds from CBEX crypto scam, arrests suspects
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has announced that the commission has recovered part of the funds linked to the fraudulent activities of the digital investment platform, Crypto Bridge Exchange (CBEX).
Speaking during an interview with TVC on Sunday, Olukoyede confirmed that arrests have been made in connection with the CBEX scam.
“We’ve made substantial progress with the CBEX case and recovered a reasonable sum of money,” he said.
He explained that although the stolen funds were initially in cryptocurrency, the EFCC successfully traced and recovered a portion.
However, he noted that converting the recovered crypto assets back into cash, particularly U.S. dollars, has proven challenging due to the complex nature of crypto transactions.
He stated, “Even though in the crypto wallet, the same way the money was taken from them. There is no way you will get them in dollars. There is no way you get the dollars in cash without necessarily going through the same process.”
The EFCC Chairman also stated that several suspects have already been apprehended, while efforts are ongoing to track down others still at large.
“We have gone far. We have made a reasonable arrest.
“We are not going to give out much because we don’t want the process to be disrupted. We are still after quite a number of people we have declared wanted,” he said.
However, he noted that the investigation has been difficult, as the fraudsters used “non-custodial wallets,” which lack identifiable account information, making it more challenging to trace those involved.
“We are still investigating a lot of wallets and the wallets they created are called noncustodian wallets; in other words, no KYC. So, you can’t trace it to anybody.
“So, from the noncustodial wallet, they moved it to some wallets in Europe, Eastern Europe, particularly Cambodia and from there, they dispersed the money. We have been able to block some of these wallets where money has not been dispersed.
“That is to the extent that we have gone. I even learnt that there are still some of these perpetrators and Nigerians are still falling victim. I believe people should learn from this,” he said.
CBEX, a digital investment platform, offered investors 100 per cent profit after 30 days of purported AI trading. No fewer than 600,000 Nigerians reportedly invested in the scheme and lost N1.3tn after it collapsed on Monday.
Findings revealed that the promoters of the platform operated under a company registered as ST Technologies International Limited.
ST Technologies was registered with the Corporate Affairs Commission on September 25, 2024, and the Economic and Financial Crimes Commission’s Special Control Unit Against Money Laundering on January 16, 2025.
One of the documents obtained during search about the company was titled, ‘Certificate of Increase in Issued Share Capital of ST Technologies International Limited Company Registration No. 7955973.’
It read, “The Registrar-General of the Corporate Affairs Commission hereby certifies that pursuant to the resolution and notice of increase in share capital dated 4th December 2024, and presented for filing on 5th December 2024, in respect of the above-named company, the increase in share capital from N1,000,000 to N201,000,000—by the creation of 200,000,000 ordinary shares of N1 each and preference shares of N0 each—has been registered with the commission. Given under my hand at Abuja this 17th day of December 2024.”
Similarly, the EFCC’s certificate of January 16, 2025, stated, “ST Technologies International Limited has been duly registered in accordance with the provisions of Section 17(2)(a) of the Money Laundering (Prevention and Prohibition) Act 2022, and any other applicable law or regulation.”
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News
Suspect Dies During EFCC Sting Operation at Lekki Estate
A resident of Periwinkle Estate in Lekki Phase 1, Lagos, identified as Endurance Udeke, has died following an alleged failed attempt to evade arrest during a sting operation by operatives of the Economic and Financial Crimes Commission (EFCC).
The EFCC confirmed the incident in a statement on Saturday, noting that the operation took place on November 4, 2025, and was targeted at suspected internet fraudsters within the estate.
According to the anti-graft agency, four suspects were arrested during the exercise. However, Udeke and another resident of apartment W6a reportedly attempted to escape by jumping from a four-storey building after becoming aware of the operation.
The commission said Udeke sustained fatal injuries from the fall and later died despite medical efforts to save him, while the other individual survived after receiving hospital treatment.
“Operatives of the Commission were in the estate to carry out a sting operation on November 4, 2025. The operation was smooth sailing in all the apartments, and four suspected internet fraudsters were arrested,” the EFCC statement read.
“However, Udeke and one other resident of apartment W6a got wind of the operation and tried to escape arrest by jumping down from the four-storey building.
Udeke did not survive the suicidal efforts, in spite of medical interventions made to rescue him. The other resident, however, survived after being stabilised and treated at the hospital.”
The EFCC added that there was no direct contact between its operatives and the deceased before the incident occurred. It further disclosed that the matter has been reported to the police for investigation.
“The commission is shocked at the suicidal action of the deceased. There was no contact between officers of the Commission and the deceased before the unfortunate incident. The incident has been reported to the police, which has begun an investigation,” the EFCC stated.
The agency urged the public to remain calm and cooperate with law enforcement agencies during such operations, stressing that no one with nothing to hide should fear EFCC sting operations.
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News
Kano Residents Protest Trump’s Threat of U.S. Military Action Over Christian Killings
Thousands of protesters took to the streets of Kano State on Saturday, rallying against U.S. President Donald Trump’s recent warning of possible military action in Nigeria over alleged attacks on Christians by Islamic extremists.
The mass demonstration, organized primarily by followers of Sheikh Ibrahim El-Zakzaky under the Islamic Movement in Nigeria (IMN), saw crowds chanting anti-American slogans, waving placards, and burning U.S. flags to express outrage over what they described as a foreign attempt to interfere in Nigeria’s internal affairs.
Trump, in his November 1, 2025 speech, had vowed that the United States would “take action” if the Nigerian government failed to stop what he termed the “ongoing Christian genocide” in parts of the country.
Protesters in Kano, however, accused the American leader of bias and misinformation, arguing that Nigeria’s security crisis affects all citizens Muslims and Christians alike.
“We reject Trump’s threats. Nigeria is a sovereign nation, and we will not allow any foreign army to invade our land under the guise of religion,” said one demonstrator who joined the rally near the Kofar Nassarawa Gate in central Kano.
Security operatives were deployed to monitor the demonstration, which remained largely peaceful despite the tense rhetoric.
Nigeria’s federal government has also condemned Trump’s comments, describing his framing of the crisis as “unhelpful and misleading.” Officials maintained that ongoing military operations in the North-East and North-West are targeting all extremist elements, including Boko Haram, ISWAP, and armed bandits, without regard to religious identity.
The protest in Kano adds to growing domestic and international tensions following Trump’s remarks, which have drawn mixed reactions from religious groups and human rights organizations around the world.
News
Adeboye to Tinubu: Give Security Chiefs 90 Days to End Terrorism or Sack Them
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has finally spoken on the ongoing controversy surrounding alleged genocidal attacks against Christians in Nigeria and the reported plans by the United States to take military action against the country.
For weeks, Christian leaders had faced public criticism for their perceived silence amid the global outcry following US President Donald Trump’s warning and the subsequent revelation of a possible military intervention.
In a newly released video clip from one of the church’s recent programmes, Pastor Adeboye urged President Bola Tinubu’s administration to act swiftly, diplomatically, and strategically to prevent escalation.
He said:
“My children, if I were asked to make suggestions, I will say quietly to our government, move fast, move diplomatically, move wisely.
Find a way to convince the president of America to please delay his actions for about 100 days. And then come home and say to our security chiefs: get rid of these terrorists within 90 days, or resign.”
Adeboye further advised the President to give firm directives to the nation’s security heads to eliminate not only terrorists but also their sponsors, regardless of their influence.
“Make it clear to them that they are not only to eliminate the terrorists, they should eliminate their sponsors no matter how influential,” he added.
The respected cleric also warned that Nigeria must not rely on foreign allies should a conflict erupt, stressing that “if the US should attack us, China is not coming to defend us, Russia won’t defend us.”
Adeboye’s statement comes amid intensifying diplomatic discussions between Abuja and Washington following reports of a contingency military plan by the US Africa Command (AFRICOM).
Watch video here
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Music News
Burna Boy, Davido, Ayra Starr, Wizkid Lead Nigeria’s Charge in 2026 Grammy Nominations
The Recording Academy has unveiled the 2026 Grammy Awards nominations, spotlighting a rich mix of international superstars, breakthrough talents, and African heavyweights with Nigeria once again making a strong showing on the world stage.
The 68th Annual Grammy Awards will take place on Sunday, February 1, 2026, at the Crypto.com Arena in Los Angeles, celebrating the best in global music released between August 31, 2024, and August 30, 2025.
This year’s awards also introduce two new categories Best Traditional Country Album and Best Album Cover marking another evolution in the prestigious ceremony.
Leading the pack is Kendrick Lamar with nine nominations, followed by Lady Gaga, who scored seven nods, including her fifth Album of the Year nomination for “MAYHEM.”
Nigerian Stars Shine Bright
Nigeria continues to dominate the African and Global Music categories, with Burna Boy, Davido, Omah Lay, Ayra Starr, and Wizkid earning nominations alongside continental legends like Angélique Kidjo (Benin), Eddy Kenzo (Uganda), Tyla (South Africa) and Youssou N’Dour (Senegal).
Burna Boy leads the Nigerian contingent with two nominations:
- Best African Music Performance (“Love”)
- Best Global Music Album (“No Sign of Weakness”)
Davido also earned a nod for Best African Music Performance with “With You” featuring Omah Lay, while Ayra Starr and Wizkid scored a joint nomination for “Gimme Dat.”
Other contenders in the category include Eddy Kenzo & Mehran Matin (“Hope & Love”) and Tyla (“Push 2 Start”).
In the Best Global Music Album category, Burna Boy faces stiff competition from Youssou N’Dour (“Éclairer le Monde – Light the World”), Angélique Kidjo, and India’s Anoushka Shankar (“Chapter III: We Return to Light”).
Highlights From the 2026 Grammy Nominations
Album of the Year
- Bad Bunny – DeBÍ TiRAR MáS FOToS
- Justin Bieber – Swag
- Sabrina Carpenter – Man’s Best Friend
- Clipse – Let God Sort Em Out
- Lady Gaga – Mayhem
- Kendrick Lamar – GNX
- Leon Thomas – Mutt
- Tyler, The Creator – Chromakopia
Record of the Year
- Bad Bunny – “DtMF”
- Sabrina Carpenter – “Manchild”
- Billie Eilish – “Wildflower”
- Lady Gaga – “Abracadabra”
- Kendrick Lamar with SZA – “Luther”
- Rosé and Bruno Mars – “APT.”
Song of the Year
- Lady Gaga – “Abracadabra”
- Bad Bunny – “DtMF”
- Kendrick Lamar with SZA – “Luther”
- Sabrina Carpenter – “Manchild”
- Billie Eilish – “Wildflower”
Best African Music Performance
- Burna Boy – “Love”
- Davido ft. Omah Lay – “With You”
- Ayra Starr ft. Wizkid – “Gimme Dat”
- Eddy Kenzo & Mehran Matin – “Hope & Love”
- Tyla – “Push 2 Start”
Best Global Music Album
- Burna Boy – No Sign of Weakness
- Youssou N’Dour – Éclairer le Monde – Light the World
- Anoushka Shankar – Chapter III: We Return to Light
- Shakti – Mind Explosion (50th Anniversary Tour Live)
- Caetano Veloso & Maria Bethânia – Caetano e Bethânia Ao Vivo
African Excellence on the World Stage
The 2026 Grammys reaffirm Africa’s growing global influence in music, especially as Afrobeats, Amapiano, and Afro-fusion sounds continue to dominate charts and playlists worldwide.
With Burna Boy eyeing another Grammy victory and Davido, Ayra Starr, and Wizkid securing key nominations, Nigerian music’s global momentum remains unstoppable.
The 68th Grammy Awards will air live worldwide on February 1, 2026, promising electrifying performances and unforgettable moments from the biggest names in global music.
2026 GRAMMYS: See The Full Nominations List
News
Full List: FEC Approves Major Road Projects Across Nigeria
FEC Approves Major Road Projects Across Nigeria, Including Lagos–Ibadan and East–West Highways
The Federal Executive Council (FEC), on Thursday, November 6, 2025, approved several major road projects across the country aimed at improving connectivity, easing traffic congestion, and enhancing economic activity.
According to a list shared by the Special Assistant to Presiden Bola Ahmed Tinubu on Social Media.
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Below are the key road projects approved during the meeting:
- Lagos–Ibadan Expressway (Phase II, Section II – Lagos to Ibadan):
Approval granted for repairs of failed sections, completion of underpasses, ramps, and adjoining roads. - Mushin–NNPC Junction–Apapa–Oshodi Expressway (Lagos):
Dualisation of the expressway approved, with cost revisions to reflect inflation and updated design specifications. - Sokoto–Badagry Superhighway (Section III: Badagry–Ogun–Oyo border):
New contract approved for the 162.97-kilometre stretch, linking the Southwest and Northwest corridors. - Ilorin–Omu Aran–Egba Road (Kwara/Egba region):
A 216-kilometre road project divided into phases; Phase I received approval under the current budget. - East–West Road (Federal corridor):
Redesign approved to improve traffic flow and pavement strength, with dual carriageways and additional bridges included. - Ota–Idi-Iroko Road (Ogun State):
Approval for review and redesign; the road will now use rigid concrete pavement and include a new bridge to address challenging terrain and high water-table conditions. - Jos–Turunku–Maraban–Jama’a Road (Kaduna State):
Rehabilitation works approved to enhance inter-state connectivity in the North-Central region. - Ijebu–Ibu Ete–Egba–Owena Road (Ogun & Ondo States):
Reconstruction approved for this inter-state route linking Ogun and Ondo, with upgraded design standards.
The approved projects reflect the federal government’s ongoing commitment to upgrading Nigeria’s road infrastructure to boost trade, logistics, and regional integration.
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