NIGERIANS LOSE OVER N1.3 TRILLION IN CBEX DIGITAL TRADING PLATFORM CRASH. (PHOTO).

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 Nigerians Lose Over N1.3 Trillion in CBEX Digital Trading Platform Crash Nigerians are reeling from a massive financial blow after CBEX, an unregistered digital asset trading platform, allegedly wiped out over N1.3 trillion from investors’ accounts on Monday. The platform, which operated without approval from the Nigeria Securities Commission (SEC), crashed, leaving investors unable to access their funds. Outraged investors flooded social media, particularly X, to express their frustration. CBEX reportedly locked its Telegram channels and suspended withdrawals, offering investors verification options of $2,000 for $200 or $1,000 for $100, further fueling suspicions of foul play. Cryptocurrency expert Taiwo Owolabi estimated the stolen funds at $847 million in USDT, with losses likely to rise. Speaking on an X space, Owolabi criticized the platform’s operations, alleging that CBEX’s website was designed to mask its fraudulent activities. “When you make payments, they move funds fro...
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DEMOCRACY DAY: DON'T DESPAIR,APC WILL SOON BE HISTORY,PDP URGES NIGERIANS.(PHOTO).#PRESS RELEASE.

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June 12, 2022

Press Statement

Democracy Day: Don’t Despair, APC Will Soon Be History, PDP Urges Nigerians 
…Tasks Buhari to Stop Playing Lip Services to Democracy 

The Peoples Democratic Party (PDP) urges Nigerians to use the occasion of the June 12 Democracy Day to reaffirm their determination to vote out the anti-democratic, inhumane, lawless and rudderless All Progressives Congress (APC) in the 2023 general elections.

The Party also calls on President Muhammadu Buhari to go beyond his usual rhetoric and take practical steps to guarantee the conduct of free, fair and transparent elections in 2023.

The PDP reminds President Buhari that Nigerians are now, more than ever before, determined to fully entrench the democratic demands of credible elections, which is at the core of the Democracy Day celebration.

June 12 embodies the struggle by Nigerians against corrupt, suppressive and dictatorial forces; against lawless, insensitive, anti-people and terrorism-promoting regime, against injustice, high-handedness, recklessness and incurable impunity, all which the APC has come to represent.    

It is unpardonable that the APC administration has arrogantly continued to violate and trample on the substance, value and quintessence of June 12 Democracy Day; the democratic principles of Constitutional Order, freedom, justice, fairness and equity as well as the much-desired national cohesion and tolerance which Chief MKO Abiola personified and died for.

Our Party cautions the APC to stop testing the Will of Nigerians with its continued abuse of process, violation of human rights, nepotism, electoral manipulations, stifling of freedom of speech, promotion of violence; the very pattern of the dark era of military dictatorship in our country, which Chief MKO Abiola fought against.

The PDP demands that President Buhari should take steps to check the use of security agencies and thugs to suppress voters in addition to guaranteeing that only votes cast at the polling units are transmitted and declared.

President Buhari by now should know that Nigerians have rejected his party, the APC and that the outcome of the 2023 general elections must not speak otherwise.

Our Party urges all leaders across the country to reflect on the essence of June 12 in all their activities so as to build a nation guided by the democratic principles of the Rule of Law, mutual respect and unity of purpose.

The PDP prays for the nation and wishes Nigerians a successful Democracy Day Celebration.

Signed:

Hon. Debo Ologunagba 
National Publicity Secretary


 

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