Despite numerous warnings from financial authorities and experts, Nigerians continue to fall prey to Ponzi schemes promising unrealistic returns. From the infamous MMM to the recent collapse of CBEX, here’s a look at some of the most notable scams that have drained billions from citizens over the past decade: 1. MMM Nigeria (2016)Arguably the most notorious Ponzi scheme in Nigerian history, MMM promised 30% returns within 30 days. It attracted…

Former presidential candidate of the Labour Party, Peter Obi, has called on President Bola Tinubu to immediately suspend his ongoing retreat in France and return to Nigeria to confront the escalating insecurity across the country. In a strongly worded post shared on X (formerly Twitter) on Wednesday, April 16, Obi highlighted the deteriorating security situation, claiming that more than 150 Nigerians have been killed in the two weeks since President…

The Economic and Financial Crimes Commission (EFCC) has launched a full-scale investigation into the collapse of CryptoBank Exchange (CBEX), a digital investment platform accused of defrauding investors of up to ₦1.3 trillion (approximately $847 million). The platform, operated by a network of foreign nationals and Nigerian collaborators, reportedly crashed on Monday, locking thousands of users out of their accounts and demanding fresh deposits before access could be restored. Confirming the…

To mark the Easter Day celebration for Christian believers, the Federal Government (FG), while urging Nigerians to pray for peace and unity, declared Friday and Monday as public holidays. This information was shared on Tuesday by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, who noted the significance of the celebration, highlighting the sacrifice and teachings of Jesus Christ. Easter is usually celebrated to commemorate the resurrection of the Messiah, Jesus…

By Alade Adisa The Manufacturers’ Association of Nigeria (MAN) in a statement on Tuesday warned that the imposition of tariff hike by the United States on Nigerian products threatens the execution of the country’s 2025 budget; and the achievement of the potential benefits of the African Continental Free Trade Area (AfCFTA) agreement. In the statement by the Director General of MAN, Segun Ajayi-Kadir, the groups said the tariff hike would…

Eric Danlami, a survivor of Sunday night’s attack in the Zike hamlet, Kwall District, Irigwe Chiefdom of Bassa Local Government Area, Plateau State, has narrated how his sister was killed. Danlami revealed that the attackers invaded the hamlet at midnight while they were fast asleep. He said the sound of gunfire and the ensuing pandemonium woke them. He further disclosed how his elder brother, along with some of his children,…

The Minister of Information and National Orientation, Mohammed Idris, has cautioned that the absence of media and information literacy among public officials leaves them highly susceptible to fake news, misinformation, and disinformation. Speaking at the opening of the second Spokespersons Summit on Tuesday in Abuja, the Minister stressed that the ability to critically assess media content is no longer optional in today’s information-driven society. The summit, organised by the Nigerian…

Tragedy struck Morai town in Talata Mafara Local Government Area of Zamfara State on Monday night, April 14, 2025, as armed bandits launched a deadly attack that claimed the lives of at least four residents, including a former local government sole administrator, Saminu Morai. Several other residents were reportedly abducted during the raid. According to community sources, the assailants stormed the town late in the night, shooting sporadically and causing…

Edo State Governor, Monday Okpebholo, has reaffirmed his administration’s commitment to accelerating infrastructural development across the state, following the recent affirmation of his election victory by the tribunal. Speaking at a victory dinner yesterday night at the New Festival Hall, Government House, Benin City, Okpebholo expressed gratitude to party leaders, supporters, and the electorate for their steadfastness during the election and legal battle that followed. The dinner was organised to…

The Federal Government has revealed that it is taking concrete steps to settle over N4 trillion owed to Power Generation Companies (GenCos) for electricity generated and fed into the national grid. Mr. Bola Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, disclosed this during an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. Tunji was reacting to a public plea…

Grief and shock have gripped the residents of Akpakoruk Street, Atan Ofot, in Uyo, Akwa Ibom State, following the tragic suicide of a young man, Utibe Eteffia, reportedly defrauded by internet fraudsters. Eteffia, said to be in his early 30s and a native of Ini Local Government Area, allegedly took his own life after losing N2.5 million to suspected Yahoo Boys. He was the operator of a Point of Sale…

Tinubu stated that the country had more than 3.1 million hectares of irrigable land located around key river basins such as the Niger and Benue.