PRIVATE MORTUARY DISCOVERED BY THE POLICE IN IMO STATE. (PHOTOS). #PRESS RELEASE

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 IMO STATE POLICE COMMAND PRESS RELEASE OF 6TH DECEMBER, 2025 IMO POLICE COMMAND INTENSIFY CRACKDOWN ON KIDNAPPING, VIOLENT CRIMES ALONG OWERRI–ABA EXPRESSWAY As part of ongoing efforts to curb kidnapping and other violent crimes along the Owerri–Aba Expressway, a high-powered team led by the Commissioner of Police, Imo State Command, CP Aboki Danjuma on Saturday, 6th December, 2025, inspected suspected kidnappers hideouts in Umuhu Autonomous Community in Ngor-Okpala following credible intelligence on Stanley Morocco Oparaugo, currently at large. The delegation included the Honourable Commissioner for Health, Dr. Chioma Egu; Chief Pathologist, Imo State Specialist Hospital, Dr. Ibeaja Okechukwu; members of the Ngor Okpala Vigilante Group led by Mr. Henry Ikpe; and the Chairman of Ngor Okpala LGA, Hon. Mrs. Chika Ibekwe. A hotel and a private mortuary owned by the suspect, allegedly used by kidnappers and violent criminals, were inspected. At the mortuary, decomposed and mutilated c...
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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 from a TRX wallet, convert them to USDT, then ETH. What you see on your profile are just numbers—no real money,” he said, describing the platform’s AI trading as fake.


Public reactions on X were scathing. User Steve Fred called out the gullibility of investors, questioning, “How can a company like CBEX promise 100 percent ROI in one month, and people invest?” Another user, Oku, cautioned against platforms promising exorbitant returns, stating, “The smaller the profit, the more I trust you.”


The SEC had recently warned against unregistered trading platforms, citing the Investment and Securities Act (ISA) 2025, signed by President Bola Tinubu. The act makes it illegal for unregistered entities to operate online forex trading platforms in Nigeria. The commission urged businesses to register to avoid sanctions.

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