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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COURT DECLARES 16-YEAR MINIMUM UNIVERSITY ADMISSION AGE UNCONSTITUTIONAL. (PHOTO).

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 Court Declares 16-Year Minimum University Admission Age Unconstitutional


A Delta State High Court in Warri has ruled against the Joint Admissions and Matriculation Board (JAMB), declaring the 16-year minimum age requirement for university admission unconstitutional.


Presiding over Suit No: W/311/FHR/2024, Justice Anthony Akpovi ruled in favor of John Aikpokpo-Martins, a former chairman of the Nigerian Bar Association (NBA), Warri Branch, who challenged JAMB’s restriction on the basis of constitutional rights.


Aikpokpo-Martins argued that the restriction violated Sections 18(1) and 42 of the Nigerian Constitution, which mandate equal educational opportunities and prohibit discrimination. He sought several declarations and orders, including:


Nullification of JAMB’s October 16, 2024, circular, which enforced the 16-year age restriction.

A directive for universities to admit candidates who turn 16 between January 1 and December 31, 2025, provided they meet other admission criteria.

A perpetual injunction preventing authorities from denying university admission based solely on age.


While granting Aikpokpo-Martins’ reliefs, the court, however, refused his request for damages.

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