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Two more persons declare wanted over CBEX fraud

The Economic and Financial Crimes Commission, EFCC, has declared two more persons wanted in connection with an alleged cryptocurrency fraud scheme linked to the collapsed digital trading platform, Crypto Bridge Exchange, CBEX.

The EFCC, in a notice issued on Wednesday via its official social media channels, identified the suspects as Folashade Odelana and Bamidele Ayodele Abiodun, who are 31 and 32 years old respectively.

They were accused of orchestrating fraudulent activities on the platform, which reportedly led to substantial financial losses for unsuspecting investors.

The anti-graft agency said the last known address of the duo is No. 17, Oremeta Street, Allen, Ikeja, Lagos State.

“The public is hereby notified that the persons whose photographs appear below are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the statement read.

The EFCC called on members of the public with credible information regarding the suspects’ whereabouts to contact its offices across Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.

Contact can also be made through its official helplines or via e-mail at info@efccnigeria.org, or by reporting to the nearest police station or security agency.

This latest development brings the total number of individuals declared wanted in connection with the CBEX fraud to 12.

Recall that in April 2025, panic spread among CBEX users after they were suddenly unable to access or withdraw their investments from the platform.

The incident, which reportedly affected over 600,000 Nigerians, resulted in the loss of more than ₦1.3 trillion, according to victim estimates.

The scale of the collapse sparked nationwide outrage, with many investors demanding swift justice and restitution.

Earlier, the EFCC had declared eight persons wanted in relation to the same case.

They include Adefowora Abiodun Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro. Arrest warrants have since been secured for six suspects: Olanipekun, Oluwanisola, Uko, Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim.

The EFCC Chairman, Ola Olukoyede, assured the public that the commission was making progress with its investigations and recovery efforts.

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Four arrested as police uncover N500m Canadian-Australian visa scam

The Lagos State Police Command has arrested four individuals in connection with a visa scam that defrauded over 100 Nigerians of approximately ₦500 million.

The suspects, identified as Blessing Wefsutu (27), Chineye Christian (36), Archibong Udeme Ifereke (23), and Maurine Peter (25), were apprehended by operatives of the State Criminal Investigation Department (SCID). All four are reportedly staff members of an educational consultancy firm located in the Ago Okota area of Lagos, where the fraudulent activities were allegedly carried out.

According to a statement released by the Police Public Relations Officer, CSP Benjamin Hundeyin, the suspects deceived their victims with false promises of securing work visas to Canada and Australia.

The case, initially lodged at the Ago Okota Division, was later transferred to the SCID for deeper investigation. “Preliminary investigation revealed that the suspects fraudulently obtained ₦500 million from over 100 unsuspecting victims,” Hundeyin stated.

Commissioner of Police, CP Olohundare Jimoh, advised the public to exercise caution when dealing with travel and recruitment agencies. “Residents must exercise due diligence to avoid falling victim to such scams. The Command remains committed to pursuing justice and protecting residents from fraudsters and other criminal elements,” Jimoh said.

Further investigations uncovered that the syndicate includes other accomplices who are currently on the run. The police have assured the public that efforts are underway to locate and arrest all individuals involved.

The arrested suspects are currently in custody as the investigation continues.

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Nigerian Air Force to acquire 49 new aircraft by 2026

The Chief of Air Staff, Air Marshal Hasan Abubakar, has announced plans for a major expansion of the Nigerian Air Force’s aerial fleet, with the acquisition of 49 state-of-the-art aircraft scheduled for completion by the end of 2026.Nearby concert tickets

Speaking at the opening of the 2025 Aircraft Engineering Conference held at the Nigerian Air Force (NAF) headquarters in Abuja, Abubakar said the incoming aircraft will include three CASA 295 transport planes, 10 AW-109 Trekker Type B helicopters, 12 AH-1Z attack helicopters, and 24 M-346 fighter jets.

“These aircraft are all high-tech platforms that require very sophisticated maintenance activities to operate effectively,” the Air Marshal stated during his address at the event themed, Enhancing Aircraft Serviceability in the NAF through Strong Maintenance Culture and Strategic Partnerships.

He underscored the need for NAF personnel to adopt advanced, innovative, and data-driven maintenance practices, stressing that the expansion in operational capability must be backed by robust engineering and logistics support systems.Nigerian fashion

“In the last two years, NAF has reached new heights in operational capability. But this progress must be matched by robust support systems to ensure sustained air power delivery in pursuit of national security goals,” Abubakar said.

He added that significant investments have already been made in logistics infrastructure, spare parts, and ground support tools to ensure that all operable aircraft are fully serviceable by the fourth quarter of 2025.

Chief of Aircraft Engineering, Air Vice Marshal A.I. Amodu, also spoke at the event, describing aircraft engineering as “the backbone that supports the NAF’s mission and objectives.”

He said the rapidly evolving security landscape demanded a proactive and responsive approach to aircraft maintenance, and emphasized the importance of the annual conference as a platform for exchanging ideas, refining strategies, and promoting a culture of engineering excellence.

In addition to the planned acquisitions, the NAF has taken delivery of 15 new aircraft in the last two years. These include six T-129 ATAK helicopters, two AW-109 Trekker Type A helicopters, three Beechcraft King Air surveillance aircraft, and four Diamond 62 reconnaissance planes.

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Bandits abduct ward councillor and others in Katsina

Armed bandits have abducted several people, including a ward councillor, Hon. Buhari Aliyu Daudawa, in Faskari Local Government Area of Katsina State.

Security analyst Bakatsine, who disclosed this on Tuesday, July 15, 2025 said the attack occurred on Monday night in Daudawa community.

According to the conflict journalist, the gunmen kidnapped Buhari Aliyu Daudawa, who serves as the councillor representing Daudawa ward, along with several other residents.

“Yesterday night, bandits invaded Daudawa in Faskari LGA, Katsina State. They abducted several people including the ward Councillor, Hon. Buhari Aliyu Daudawa during the invasion,” Bakatsine wrote.

The exact number of abducted victims is still unknown at the time of filing this report.

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