News
N500bn budget: Wike vows to expose corruption in NDDC

Rivers State Governor, Mr Nyesom Wike has vowed to expose corruption in the Niger Delta Development Commission (NDDC).
Governor Wike alleged that the NDDC has become a cash cow for politicians, noting that it is a shame that the NDDC superintends over the underdevelopment of the Niger Delta area and her people.
The governor who spoke during the flag-off construction of the Elele internal roads in the Ikwerre Local Government Area of the state also added that “NDDC has become a cash cow for politicians. The President has just inaugurated the new Board of the NDDC. N500bn budget for NDDC. The election is coming on the 25th of February. What the politicians have done is to put pressure on the National Assembly so that they pass the N500bn budget for NDDC.”
The PDP chieftain noted that the people of the Niger Delta do not experience the impact of the huge funds disbursed for the development of the area.
“At the end of the day, you can’t see the impact of N500bn for Niger Delta. Who are those superintending the Niger Delta? Are they not our children?” he queried.
The Rivers state governor further accused the NDDC of not knowing the priorities of the people but foisting needless projects on them.
He challenged the new NDDC Chairman, Lauretta Onochie to judiciously utilise the new budget of the commission for the good of the people of the Niger Delta.
“I will use this budget to test whether you will sit with your management to allow this N500bn to be siphoned to private pockets. I will use this one to test the Chairman of NDDC, our sister, Onochie.
“Our eyes are open, this N500bn, our eyes are open. I’ve told the Attorney General to get prepared to go to court and challenge them. This one, I will expose them,” Wike stressed.
The administration of then-President Olusegun Obasanjo established the NDDC in 2000 to facilitate the development of the oil-rich but environmentally challenged Niger Delta area. States under the NDDC area include Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.
The NDDC is supervised by the Federal Ministry of Niger Delta Affairs but the NDDC has been enmeshed in corruption and grand malfeasance, requiring that a forensic audit of the commission be carried out from 2001 to 2019.
News
FG Declares April 18, 21 Public Holidays for Easter Celebration

The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.
This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.
“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.
The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.
Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.
In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.
He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.
News
Pandemonium as Irate Investors Storm CBEX Office in Ibadan

There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.
The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.
The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.
The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.
It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.
As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.
Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.
News
Pandemonium as Irate Investors Storm CBEX Office in Ibadan

There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.
The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.
The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.
The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.
It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.
As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.
Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.
-
News1 week ago
Oseni Congratulates Ajewole, Others on CCII Mandate Renewal
-
News1 week ago
Nigeria Has Lost One of Its Brightest Minds in Olunloyo – Rep Oseni
-
News1 week ago
Ex-Oyo Governor, Olunloyo, Passes On at 89
-
Education6 days ago
Cisco Centre to Benefit Ayede Poly, Staff, Host Communities – Rector