Author: Naija Daily News

The Securities and Exchange Commission (SEC) has issued a fresh warning to the public about GVEST Global and its affiliated entities, cautioning that the company is operating like a Ponzi scheme and is not authorized to provide investment services in Nigeria. According to the SEC, GVEST Global has been illegally presenting itself as an investment adviser and fund manager, promoting unregistered investment opportunities to unsuspecting members of the public. In a recent notice, the Commission revealed that GVEST Global operates under multiple aliases, including: GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment Limited, and GTEXT Holdings However, the SEC clarified that…

Photo: An iPhone from Apple Store Gabriel Efe, Lagos, Nigeria A mounting public dispute between Gbenga Samuel-Wemimo (GSW) and Apple Store Lekki has captured national attention, drawing focus to broader concerns surrounding consumer protection, corporate accountability and trust in local businesses. Allegations and Viral Post The controversy began when GSW published a viral post recounting his experience with the Apple Store located at Jakande, Lekki Phase 1, Lagos. He claimed that an iPhone purchased for his wife in September 2023 was later flagged as “stolen” and subsequently “missing” when they attempted to trade it in at an Apple Store in…

Femi Otedola, Nigerian billionaire and renowned philanthropist with business interests spanning energy, finance, and infrastructure, has broken into the top ranks of Amazon’s best-selling business memoirs. His newly released book, Making It Big: Lessons from a Life in Business, published on August 18, 2025, has swiftly climbed to No. 3 on Amazon’s “Best Sellers in Business Biographies & Memoirs” list. Available in paperback for £14.99, the memoir is competitively priced alongside other leading titles in the genre, appealing to a broad audience of aspiring entrepreneurs and business enthusiasts. Otedola’s memoir now shares company with some of the most influential titles…

By Deborah Nnamdi Champion Breweries Plc, a subsidiary of enJOYcorp, has agreed to acquire the brand assets and intellectual property rights of the Bullet range of alcoholic and energy beverages from Sun Mark International Limited. The company disclosed the development in a regulatory filing to the Nigerian Exchange (NGX) on August 20, 2025, stating that the acquisition aligns with its strategy to diversify into high-growth segments of the food and beverage industry. Structured as an asset carve-out, the transaction will result in the transfer of Bullet’s assets to a newly incorporated entity in the Netherlands. Champion Breweries will hold a…

By Deborah Nnamdi Twenty Ghanaian nationals, believed to be victims of human trafficking, have been rescued from a compound in Uyo, the capital of Akwa Ibom State. The victims — 10 men and 10 women — were freed during a joint operation involving the Akwa Ibom State Police Command, the Ghana Police Service, and INTERPOL. Police Public Relations Officer, DSP Timfon John, announced the rescue in a statement released on Wednesday. She revealed that the operation was launched following a formal request for assistance from the Ghanaian authorities. “On August 18, 2025, operatives of the Command successfully rescued 20 Ghanaians…

By Deborah Nnamdi Three members of the same family were hospitalized after being struck by bullets from an accidental discharge by a vigilante in the Kusada Local Government Area of Katsina State. Security analyst Zagazola Makama disclosed the incident on Wednesday via a post on his X (formerly Twitter) handle. According to Makama, the shooting occurred on Monday afternoon in the Gidan Mutum Daya area when 35-year-old Tukur Mustapha, a member of the Community Watch Corps, unintentionally fired his weapon. The victims were identified as 28-year-old Murja Lawal, her two-year-old daughter, Anisa, and her younger brother, 26-year-old Abba Lawal. “All…

By Deborah Nnamdi The University of the Philippines (UP) has confirmed the passing of Nigerian student-athlete Israel Osamudiamen Friday, who collapsed during a men’s basketball team practice session on Tuesday, August 19. He was 19 years old and would have turned 20 on September 6. In a statement released on Wednesday, the UP Office of Athletics and Sports Development said Friday was immediately rushed to a nearby hospital after collapsing, but despite the efforts of medical personnel, he could not be revived. “The University of the Philippines is heartbroken to confirm that one of the newest recruits of its men’s…

By Deborah Nnamdi WWE superstar Naomi (real name Trinity Fatu), a two-time Women’s World Champion known for her dynamic in-ring style and signature “Feel the Glow” persona, has announced she is expecting her first child with husband and fellow WWE star Jimmy Uso. The announcement came during a special segment on Monday Night Raw on August 18, 2025, where the couple shared the news in a heartfelt video aired from Stephanie McMahon’s podcast, What’s Your Story? “We’re pregnant—I mean, there’s a baby on board!” Jimmy Uso said with a smile, as Naomi added emotionally, “I’m pregnant and I’m having a…

A Federal High Court in Abuja has ordered the temporary freezing of four bank accounts in Jaiz Bank linked to the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over allegations of fraud. Justice Emeka Nwite issued the order on Tuesday while ruling on an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC), represented by counsel Ogechi Ujam. The EFCC had requested a 60-day freeze to allow for the completion of an ongoing investigation. However, Justice Nwite granted a 30-day freeze, noting it could be extended if needed. According to…

By Deborah Nnamdi Two notorious drug traffickers, Ajetsibo Emami (37), also known as Warri Kinsman, and Solomon Akpomuai (51), have been convicted and sentenced to a combined 10 years in prison by a Federal High Court in Lagos. Emami was apprehended in Ikeja on June 28, 2025, after a three-day sting operation by the National Drug Law Enforcement Agency (NDLEA), which dismantled his drug network and led to the arrest of three accomplices. The operation recovered 24 jumbo bags containing 681 pouches of Canadian Loud, weighing 414.2kg. He was arraigned before Justice Deinde Dipeolu in case number FHC/L/636C/2025 on one…