Author: Naija Daily News

By Deborah Nnamdi Women across Rivers State under the aegis of the Rivers Women Unite Prayer Group have taken to the streets in protest, demanding the immediate removal of Commissioner of Police CP Olugbenga Adepoju, and calling for the reinstatement of Governor Siminalayi Fubara, amid growing tensions and fears over the imposition of an emergency rule in the state. The women further called for an immediate termination of the emergency rule, along with the restoration of the democratically elected Governor Siminalayi Fubara, his deputy, Prof. Ngozi Ordu, and the Rivers State House of Assembly. In a statement jointly signed on…

The Economic and Financial Crimes Commission (EFCC) has pledged to recover funds for individuals who invested in CBEX, a controversial digital trading platform that recently collapsed under the weight of investor complaints. According to the commission, CBEX had long been on its radar even before the public outcry erupted. The platform, which promised investors a 100 per cent return on investment, came under intense scrutiny over the weekend after users reported being unable to withdraw their funds. The situation quickly escalated on Monday when furious investors stormed and reportedly looted the Ibadan office of Smart Treasure, a CBEX affiliate. Speaking…

Photo: Chief Obinna Iyiegbu (Obi Cubana) By Oghenekevwe Kofi There’s a phrase that has become the unofficial anthem of Nigeria’s elite: “Money na water.” You see it everywhere—from flashy Instagram posts to party toasts, music lyrics to everyday street banter. It’s a boast, a celebration of wealth so fluid and abundant it might as well be flowing from a golden tap. But in a country where the taps are dry for millions, where people walk miles for water, and hospitals operate without electricity, that same phrase sounds more like mockery than motivation. Let’s be clear: everyone has a right to…

By Deborah Nnamdi In a notable update, Dangote Petroleum Refinery has announced another cut in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new rate stands at N835 per litre, down from the previous N865, reflecting a 3.5% reduction. This adjustment comes in response to a recent drop in global crude oil prices, which have fallen from over $70 to $64 per barrel in recent weeks. Earlier, the refinery had lowered its gantry price from N880 to N865 per litre, but the benefit was not passed on to consumers by oil marketers. With a processing…

By Deborah Nnamdi On Tuesday evening, suspected herdsmen launched a brutal assault on the Otobi Akpa community in Benue State, resulting in the deaths of at least 13 people, with dozens still unaccounted for and over 50 homes set ablaze. The attack began around 6:00 p.m. near the well-known Otobi junction, where more than 20 armed men, believed to be Fulani herdsmen, opened fire indiscriminately on residents. Tragically, many of the local youth vigilantes who might have resisted the attackers had traveled to Adim village to attend a burial, leaving the town vulnerable. The sound of gunfire sent residents fleeing…

…Thousands of investors defrauded as platform collapses By Douglas Maha, Abuja The Economic and Financial Crimes Commission (EFCC) has opened a major investigation into a cryptocurrency scam estimated at over ₦1.3 trillion, allegedly orchestrated through the now-defunct digital investment platform, CryptoBank Exchange (CBEX). According to the EFCC, the commission is working closely with the International Criminal Police Organisation (INTERPOL) to trace and apprehend both local and foreign suspects linked to the fraud. CBEX, reportedly operated by a group of foreign nationals alongside Nigerian collaborators, abruptly ceased operations on Monday, leaving thousands of investors locked out of their accounts. Many users…

The Minister of the Federal Capital Territory, Nyesom Wike, has stated that the suspended Governor of Rivers State, Siminalayi Fubara, has not apologised to him, making forgiveness an issue that hasn’t even begun. Speaking through his media aide, Lere Olayinka, Wike explained that forgiveness can only follow an acknowledgement of wrongdoing and a genuine request for pardon. This response comes following an appeal by Niger Delta ex-militant leader, High Chief Government Ekpemupolo, popularly known as Tompolo, who urged Wike to forgive Fubara amidst the ongoing political crisis in Rivers State. Tompolo had called for calm and unity, advising Wike to…

Photo: NBA President, Afam Osigwe There is a thin line between optics and integrity, and the Nigerian Bar Association, in its latest bewildering tango with the Rivers State Government, has gleefully somersaulted over it. Three hundred million naira. A “wilful gift.” No strings attached, we are told. This is from a state governed by constitutional chaos, where the executive and legislature now read like a script from a dystopian legal drama—except no one’s watching with popcorn anymore. We are all just tired. Let us be clear: the NBA is not a roadside trade union. It is the conscience of Nigeria’s…

By Douglas Maha, Abuja The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion to the federal, state, and local governments as revenue generated in March 2025. This was confirmed during the committee’s April meeting held in Abuja. The figure represents a decline compared to the N1.802 trillion allocated in February 2025, marking the second consecutive month of reduced revenue distribution to the three tiers of government. According to the official communique issued after the meeting, the gross revenue available for March stood at N2.411 trillion. From this amount, N85.376 billion was deducted as the cost of…

The Rivers State Government has refuted claims by the Nigerian Bar Association (NBA) that the N300 million it received was an unconditional donation, unrelated to the hosting of the NBA’s Annual General Conference in the state. The government emphasized that it would pursue all legal avenues to recover the funds if the NBA failed to return the money voluntarily. In a statement issued by Hector Igbikiowubo, Senior Special Assistant on Media to the Rivers State Government, the administration maintained that official records indicate the N300 million was specifically allocated to support the hosting of the NBA’s Annual General Conference in…