Advertisement
Follow
Follow
Facebook Twitter Instagram Youtube
Advertisement

Newspaper Headlines: Interpol joins EFCC in N1.3trn CBEX probe

Ayodeji.oluwafemi@thecable.ng'byAyodele Oluwafemi
April 16, 2025 7:00 am

Reports on how some Nigerians lost millions of naira to the CBEX trading platform permeate the frontpages.

The Punch reports that the Economic and Financial Crimes Commission (EFCC) said it would be collaborating with the International Criminal Police Organisation (Interpol) to launch an investigation into the alleged N1.3 trillion fraud perpetrated through a digital investment platform called CryptoBank Exchange (CBEX). The newspaper says the federation account allocation committee (FAAC) has reported a further decline in monthly disbursements to the federal government, states, and local government councils, with N1.578 trillion shared as March 2025 revenue.
Daily Trust reports that Nasir el-Rufai, former governor of Kaduna, said Nigeria is moving backwards under the administration of President Bola Tinubu. Northern traditional rulers have continued to condemn the uptick in killings in the region, the newspaper says. 
Nigerian Tribune reports that the house of representatives has inaugurated a 21-member committee to perform oversight on the administration of the Rivers sole administrator. The newspaper says the Manufacturers Association of Nigeria (MAN) said the United States (US) imposition of 14 percent tariff on imported products may have significant impact on Nigeria’s trade and industrial landscape.
The Nation reports that the Rivers government, under the administration of the sole administrator, has threatened to sue the Nigerian Bar Association (NBA) if the body fails to refund the N300 million paid for the hosting rights of the 2025 annual general conference (AGC). The newspaper says Seyi Makinde, governor of Oyo state, said the purported motive of former Vice-President Atiku Abubakar to form a coalition is unknown to the Peoples Democratic Party (PDP).

Read more

error: Content is protected from copying.