CBEX Resumes Operations In Nigeria Despite EFCC 1.2Bn Probe

Published

12 months ago

May 1, 2025

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CBEX Resumes Operations In Nigeria Despite EFCC #1.2Bn Probe—-Embattled Crypto Bridge Exchange trading platform, CBEX, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians.

EAccording to Punch, two traders on the CBEX platform confirmed that the digital trading firm has quietly resumed operations, allowing new users to register, trade, and withdraw profits, despite ongoing investigations by regulatory agencies.

According to the sources, an insurance verification process and an external audit of the company’s financial records are underway to ascertain the amount lost in the scheme, which collapsed in April.

They added that existing investors, many of whom have been unable to access their funds for weeks, will be able to take out their funds starting from June 25, 2025, when the audit is expected to be concluded by an insurance firm based in the United Kingdom.

This development comes barely weeks after the Securities and Exchange Commission declared the platform illegal, and the Economic and Financial Crimes Commission confirmed an ongoing investigation into the firm’s operations.

CBEX, a digital investment platform, offered investors 100 percent profit after 30 days of purported AI trading. The trading platform started operations in 2024 after receiving registration approval from the Corporate Affairs Commission on September 25, 2024, and the EFCC’s Special Control Unit Against Money Laundering on January 16, 2025.

No fewer than 600,000 Nigerians reportedly invested in the scheme and lost N1.2 trillion after it collapsed on April 14, 2025.

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BREAKING: Erling Haaland Strike Sinks Arsenal as Manchester City Strengthen Title Grip

Published

5 days ago

April 19, 2026

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BREAKING: Erling Haaland Strike Sinks Arsenal as Manchester City Strengthen Title Grip—-Manchester City reignited the Premier League title race with a crucial 2-1 victory over Arsenal at the Etihad Stadium, powered by Erling Haaland’s second-half winner.

City took the lead in the 16th minute through Rayan Cherki, who finished smartly after weaving into the box. Arsenal responded almost immediately, as Kai Havertz capitalised on a mistake by Gianluigi Donnarumma to level the score.

The decisive moment came in the 65th minute when Haaland netted his league-leading 23rd goal, calmly finishing from a cross by Nico O’Reilly to hand City all three points.

The win cuts Arsenal’s lead at the top to just three points, with City holding a game in hand — a scenario that could see Pep Guardiola’s side move into first place.

Arsenal’s title hopes have now taken a hit, with Mikel Arteta’s men struggling for consistency, losing four of their last six matches in all competitions.

Elsewhere, Liverpool and Aston Villa boosted their Champions League ambitions with dramatic stoppage-time victories. Liverpool edged Everton 2-1 thanks to a late header from Virgil van Dijk, while Tammy Abraham struck late to give Villa a thrilling 4-3 win over Sunderland.

In the relegation battle, Morgan Gibbs-White scored a second-half hat-trick to inspire Nottingham Forest to a 4-1 comeback win over Burnley, boosting their survival hopes.

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BREAKING: Saudi Arabia Sack Hervé Renard Two Months Before World Cup

Published

6 days ago

April 18, 2026

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BREAKING: Saudi Arabia Sack Hervé Renard Two Months Before World Cup—-Saudi Arabia have dismissed head coach Hervé Renard in a shock decision less than two months before the 2026 FIFA World Cup.

The Saudi Arabian Football Federation confirmed the move, bringing an abrupt end to Renard’s second spell in charge despite successfully guiding the team to qualification for the tournament.

The 57-year-old Frenchman, who previously led the team between 2019 and 2023, had returned in late 2024 after a stint with the France women’s national team. He is widely remembered for overseeing Saudi Arabia’s famous 2-1 victory over eventual champions Argentina at the 2022 World Cup.

Reports suggest the decision follows a series of disappointing results in recent friendlies, raising concerns about the team’s readiness ahead of the global tournament.

Renard confirmed his exit, acknowledging the timing but expressing pride in his achievements, including leading Saudi Arabia to multiple World Cup qualifications.

With the World Cup fast approaching, Saudi Arabia are now expected to appoint a replacement quickly, with Greek coach Georgios Donis reportedly among the leading candidates.

The sudden managerial change leaves the team facing a race against time to stabilise preparations ahead of their Group H fixtures against Spain, Uruguay, and Cape Verde.

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