SEC Declares Unregistered Digital Asset Platforms Illegal Amid CBEX Controversy

SEC Declares Unregistered Digital Asset Platforms Illegal Amid CBEX Controversy

The Securities and Exchange Commission (SEC) has issued a warning regarding the operations of digital asset trading platforms in Nigeria, emphasizing that any such platform not registered with the Commission is operating illegally. This statement comes in the wake of growing concerns about CBEX, a digital asset platform reportedly facing operational issues, including users being unable to withdraw funds over the weekend. Rumors of its potential closure have circulated widely online. Speaking during a virtual stakeholders’ engagement on the Investment and Securities Act (ISA 2025) held on Monday, SEC Director General Emomotimi Agama addressed the situation, cautioning Nigerians against using unlicensed investment platforms. “Very recently, there has been a post that has gone viral around a particular platform and its activities. The aftermath of it has been more reports about its closure,” Agama said. “In fact, I was tagged in one of those messages. I want to state very clearly—if it is not registered, it is illegal.” While Agama did not directly name CBEX, his comments align with the growing scrutiny surrounding the platform’s operations. The SEC’s warning comes as part of broader efforts to protect investors and ensure compliance with Nigeria’s evolving regulatory framework for digital finance.

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Thousands of Rivers Women March for Peace, Show Support for Governor Fubara

Thousands of Rivers Women March for Peace, Show Support for Governor Fubara

Thousands of women from the 23 local government areas of Rivers State recently took to the streets of Port Harcourt in a peaceful march to show solidarity with Governor Siminalayi Fubara. Organized under the banner of Rivers Women Unite for Sim (RWUS), the women wore white T-shirts and red or blue fez caps as they marched from CFC Junction along Aba Road to Polo Club in GRA. Dancing to Afrobeat music blasting from mobile speakers, the women carried placards with messages such as “Allow Governor Sim Work in Peace,” “O God Give Us Peace in Rivers,” “Peace is Priceless, Give Peace a Chance,” and “Rivers Mothers Stand for Peace.” Among the demonstrators were elderly, half-clad women who rolled on the ground with placards in hand, emotionally pleading for peace in the state. The peaceful demonstration also drew support from popular personalities including comedian Julius Agwu and Nollywood actress Hilda Dokubo—also the Rivers State Chairperson of the Labour Party—along with other entertainers. Participating groups included market women, the National Council of Women Societies (NCWS) Rivers Chapter, National Association of Women Journalists (NAWOJ), Ijaw Women Connect (IJWC), Non-Indigenes Without Borders (NWB), Rivers Professionals, Arewa Women, and the Rivers Equity Club, among others. During the event, the women observed a minute of silence in honor of the late Dr. Herbert Wigwe, his wife, and son, before stating that the march was a collective effort to raise their voices in the face of the state’s current political tensions. Reading a nine-point resolution, former Rivers State Commissioner for Environment, Professor Roseline Konya, emphasized the women’s unwavering commitment to peace and support for Governor Fubara’s administration. “As mothers, we warn those who intend to pursue their political ambitions through violence to desist immediately,” she said. “We, the Rivers women, unequivocally condemn any attempt to undermine the office of the governor. We urge all politicians involved to act responsibly and uphold the dignity of the state.” Konya further stressed that ongoing political acrimony was a threat to the dignity of Rivers people and called for collective efforts toward building a stable and credible state. The women urged all residents and true lovers of Rivers State to speak out against threats, lawlessness, and attempts to incite anarchy. “We believe in peace and commend our courageous, God-sent Governor Fubara for choosing peace over chaos—an ultimate show of strength,” Konya added. “We will continue to mobilize and sensitize our people until genuine peace is achieved. Peace is not just a destination; it’s a way of life.” Other speakers, including Bonny LGA Chairperson Nancy Nwankwo, Beatrice Awala, and Professor Grace Akaloku, also voiced their unwavering support for Governor Fubara, declaring that he is here to serve the full eight-year term and calling on all parties to prioritize peace in the state.

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PDP Governors Rule Out Coalition Ahead of 2027 Elections

PDP Governors Rule Out Coalition Ahead of 2027 Elections

Governors elected on the platform of the Peoples Democratic Party (PDP) have dismissed the possibility of a merger or coalition with any other political party ahead of the 2027 general elections. This decision was outlined in a communiqué released on Monday following the PDP Governors’ Forum meeting in Ibadan, Oyo State. Speculation around potential mergers or alliances among opposition parties has been growing, with key political figures—most notably former Vice President Atiku Abubakar—pushing for a united front to challenge the ruling All Progressives Congress (APC) in 2027. Despite this, the PDP governors stood firm, stating:“Noting the nationwide speculations about possible merger of political parties, groups and/or associations, the Forum resolved that the PDP will not join any coalition or merger.” However, the governors left the door open for others to join the PDP, saying the party welcomes any individuals, parties, or groups willing to align with its mission to unseat the APC. The Forum also reaffirmed its support for Rivers State Governor Siminalayi Fubara, amid ongoing political tensions, and condemned the rising insecurity across the country. They called for a strategic overhaul, including empowering state and local structures to effectively tackle security challenges. Governors present at the meeting included Bala Mohammed (Bauchi), Ademola Adeleke (Osun), Ahmadu Fintiri (Adamawa), Seyi Makinde (Oyo), Douye Diri (Bayelsa), Dauda Lawal (Zamfara), Agbu Kefas (Taraba), and Peter Mbah (Enugu).Deputy governors Akon Eyakenyi (Akwa Ibom) and Monday Onyeme (Delta) represented their states.

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NBA Refutes Selling AGC 2025 Hosting Rights Claims

The Nigerian Bar Association (NBA) has denied selling her 2025 Annual General Conference (AGC) hosting rights to Rivers State. Chairman, 2025 NBA AGC Planning Committee, Emeka Obegolu, SAN stated this in a media statement on Monday. The statement reads; “The attention of the Annual General Conference planning committee has been drawn to a statement credited to the Administrator of Rivers State to the effect that Rivers state government paid hosting rights for the hosting of the NBA AGC 2025. “We wish to clarify that the decision to host the 2025 AGC in Portharcourt was taken in August 2024 and was not subject of any bidding process or payment of any hosting rights. The host city has no hosting right and there is no representation by the NBA that the Conference must be held in a chosen city. “Traditionally, because of the enormous cost involved in hosting the AGC, NBA Conference Planning Committee approaches organizations, agencies of government and state governments for support and the support requested for is unconditional and not tied to hosting rights or any rights whatsoever. “Recent NBA conferences have been supported by different state governments, corporate organizations, ministries, departments and agencies whose budgets accommodate corporate social responsibilities and share the same vision with NBA. Such financial supports are in the form of gifts, partnerships or sponsorships. The money from Rivers State was a gift and was not tied to any purported hosting right for the NBA AGC. “We are committed to delivering a world class conference to members of the Bar and will not be drawn into any unnecessary controversy over this issue.” The 2025 Annual General Conference (AGC) which has been moved from Portharcourt to Enugu is slated bwetween 22nd and 28th og August.

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117 Referees Shortlisted for 2025 Club World Cup

Following a thorough preparation process that included seminars with FIFA referees from all six confederations, the FIFA Referees Committee has announced the match officials who will oversee games at the groundbreaking FIFA Club World Cup 2025, which will take place from 14 June to 13 July across 12 stadiums in 11 Host Cities in the United States. A total of 117 match officials – 35 referees, 58 assistant referees and 24 video match officials – from 41 member associations will take charge of the matches. Commenting on the appointment of Team One, the chairman of the FIFA Referees Committee, Pierluigi Collina, said that it would be a “privilege” for those chosen to officiate at the very first edition of the FIFA Club World Cup: “As every new competition starts, the selected referees are among those who have the privilege to be part of this for the first time, so I’m sure that all the match officials will be thrilled. “We are coming from high standard performances delivered during the last FIFA tournaments. So the bar is higher and when you get the bar higher, it’s more difficult to keep the standard. But we are working very hard and Team One will make a solid contribution to the success of this exciting competition. “I like to compare the preparation of a football team and a referee team because both need to work hard and deliver to the highest standards,” noted FIFA Director of Refereeing Massimo Busacca. “We try to find as much uniformity and consistency as possible in what we are doing because football is the same everywhere, but we know that we have to understand the different mentality in football, and this is crucial.” In line with the changes to the Laws of the Game approved by The International Football Association Board (The IFAB), FIFA will implement new rules designed to cut down on time-wasting by goalkeepers. If a goalkeeper holds the ball for longer than eight seconds (with the referee using a visual five-second countdown), the referee will award a corner kick to the opposing team (rather than the current indirect free kick for more than six seconds). In addition, following The IFAB’s support for FIFA’s undertaking to test body cameras worn by match officials to identify possible future use and develop quality and safety standards, referees will be equipped with body cameras on a trial basis at the FIFA Club World Cup. The live footage from these cameras will be made available to fans across the world via DAZN, the exclusive global broadcaster of the FIFA Club World Cup 2025 . “We think that it is a good chance to offer the viewers a new experience, in terms of images taken from a perspective, from an angle of vision, which was never offered before,” said Mr Collina, emphasising that it was a trial. “It also has a purpose in terms of referee coaching because, of course, having the possibility to see what the referee sees is important in the debriefing, to evaluate how the call was made by the referee. So, it’s a combination of a new experience for broadcasters and also for coaching purposes.“

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Eniola Badmus, Laide Bakare Fight in Public Glare

Actress and Special Adviser to the Speaker of the House of Representatives on Social Events and Public Hearing, Eniola Badmus has engaged in a public fight with her colleague, Laide Bakare. The two Nollywood stars engaged in the fight at Eniola Ajao’s ‘Owanbe Thieves’ movie premiere on Sunday. It all started when Laide Bakare was trying to video record herself with Eniola Badmus on the dance floor. Badmus angrily warned her not to capture her, saying, “Must I be in your video? Don’t film us together, we are not friends.” In response, Bakare, as seen in a now trending video on social media, pushed Eniola Badmus back and said in Yoruba “Are you mad? What type of embarrassment is this? Are you insane?”

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Atiku Will Dump Opposition If Promised Power in 2027 – Wike’s Aide

Atiku Will Dump Opposition If Promised Power in 2027 – Wike’s Aide

Lere Olayinka, spokesman for the Minister of the Federal Capital Territory, Nyesom Wike, has claimed that any opposition movement led by former PDP presidential candidate Atiku Abubakar is doomed to fail. According to Olayinka, Atiku would abandon the opposition and join the All Progressives Congress (APC) if President Bola Tinubu promises to hand over power to him in 2027. He made the remarks while mocking Atiku over his recent visit to former President Muhammadu Buhari in Kaduna, where he was accompanied by political heavyweights including former governors Nasir El-Rufai, Aminu Tambuwal, and Gabriel Suswam. While Atiku described the visit as a Sallah homage, Olayinka dismissed the explanation, suggesting the former Vice President should instead have visited ex-President Olusegun Obasanjo in Abeokuta for Lisabi Day. In a Facebook post, Olayinka wrote:“Those of us who have sense know that any opposition being led by Atiku is a failure from the beginning.If tomorrow President Tinubu tells Atiku, ‘Don’t worry, I’ll hand over to you in 2027, just join APC,’ he’ll switch sides immediately.” Mocking further, he added:“I’m still waiting for Atiku to carry himself to Abeokuta and pay Lisabi Day homage to OBJ. Also, we’re celebrating the Egungun Festival next month in Okemesi Ekiti. He shouldn’t forget to stop by and pay homage there too.”

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NNL Holds Monthly Award Ceremony in Abuja

The Nigeria National League has concluded plans to organize its monthly award ceremony for players and teams in the league on Tuesday, 15th April in the Federal Capital, Abuja. Chief Operating Officer of the NNL, Danlami Alanana, told thenff.com that the event will commence at 2pm at the West-Point Hotel, Zone 7, Wuse. Award categories include Best Behaved Team of the Month, Best Coach, Best Goalkeeper, Highest Goal Scorer, Best Goal, Best Referee and Most Valuable Player. Crown FC’s Oladeji Joshua has been selected as the best goalkeeper, having kept clean sheets in three matches, while Abdullahi Umar of Kebbi United FC is the most valuable player with four goals, among these a hat-trick scored against Kada Warriors – which happened to be the first hat-trick notched in the season. Umar also takes the highest scorer’s gong, while Solution FC’s Coach Emmanuel Duetsch is best coach and Gateway United is the best-behaved team, having remained without any form of caution in the period under review. Gateway United’s Babatunde Taofeek notched the goal of the season, and Ogunfolaju Joshua from Osun State is the best referee of the month.

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