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Nigeria Ranks 140th on 2024 Global Corruption Perception Index

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Nigeria has been ranked 140th out of 180 countries in the world on the 2024 Corruption Perceptions Index (CPI), according to the latest report by Transparency International (TI).

The ranking, released on Tuesday, shows an improvement for Africa’s most populous nation, which moved up five spots compared to its 2023 position and ten spots from 2022.

Denmark emerged as the least corrupt country, scoring 90 points, followed by Finland with 88 points and Singapore in third place with 84 points. Meanwhile, South Sudan, Somalia, and Venezuela were ranked as the most corrupt nations in the world.

A notable observation from the report is that no African country made it into the top 10 least corrupt nations, as the list was dominated by European countries.

Nigeria, which scored 26 points, shares the same position with Uganda, Mexico, Madagascar, Iraq, and Cameroon. In the African category, Cape Verde emerged as the least corrupt country on the continent, ranking 35th globally with 62 points.

Commenting on the report, Transparency International Chair, François Valeria, highlighted the persistence of corruption worldwide but noted progress in some nations.

“The 2024 Corruption Perceptions Index (CPI) shows that corruption is a dangerous problem in every part of the world, but change for the better is happening in many countries,” Valeria stated.

She further emphasized the negative impact of corruption on climate action, noting that it impedes efforts to reduce emissions and adapt to the consequences of global warming.

“The CPI ranks 180 countries and territories worldwide by their perceived levels of public sector corruption. The results are given on a scale of 0 (highly corrupt) to 100 (very clean),” she explained.

While Transparency International’s research found that 32 countries have significantly reduced their corruption levels since 2012, the report also revealed that 148 nations have either stagnated or worsened in the same period.

“The global average of 43 has also stood still for years, while over two-thirds of countries score below 50. Billions of people live in countries where corruption destroys lives and undermines human rights,” Valeria concluded.

 

 

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FG Declares April 18, 21 Public Holidays for Easter Celebration

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The Minister of Interior, Dr. Olubunmi Tunji-Ojo

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.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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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.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

Published

on

By

 

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.

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