Author: Platform Times Newspaper

…Commission Warns Greed, Ignorance Fuelling Financial Fraud …MMM, Nospecto, Others Top List Of Failed Schemes …Victims Include Women Who Sold Homes, Cars To Invest Daud Olatunji The Securities and Exchange Commission has raised fresh alarm over the rising wave of Ponzi schemes in Nigeria, revealing that desperate and unsuspecting citizens have lost more than N316bn to fraudulent fund managers in recent years. The Commission warned that the nation remains dangerously exposed to illicit financial operators, blaming greed, ignorance, and poor due diligence among investors for the continued success of the fraud rings. Speaking at a media training programme in Abuja,…

The Governing Council of Tai Solarin University of Education (TASUED), Ijagun, Ogun State, has celebrated the exit of the outgoing Vice-Chancellor, Prof. Oluwole Banjo, with the unveiling of a 400-page tribute book chronicling his five-year tenure. The book, titled From Farm to Faculty: Planting People and Building Systems, was presented at a valedictory ceremony held on Wednesday at the TETFund Hall of the institution. The event, attended by council members, principal officers, academics and alumni, was marked by glowing tributes and a deep sense of admiration for Banjo’s leadership, which many described as stabilising and transformative. Chairman of the Governing…

The Ogun State chapter of the Peoples Democratic Party (PDP) has lambasted Governor Dapo Abiodun over what it described as the “shameful and worsening” condition of roads across the state, accusing the governor of shifting blame instead of taking responsibility after more than six years in office. In a strongly-worded statement released on Friday,and signed by its Chairman, Hon. Abayomi Tella, the opposition party said residents across the three senatorial districts now endure untold hardship due to the deplorable condition of roads, despite a rise in federal allocations and internally generated revenue. “It is appalling that after over six years…

… Over 10 JAMB Officials Facing Corruption Trials — Oloyede ..JAMB Vows Crackdown on Parents, Staff Fueling Admission Frau The Registrar of the Joint Admissions and Matriculation Board, Prof. Ishaq Oloyede, has raised the alarm over rising cases of underage admissions and parental involvement in what he described as “education fraud” in Nigeria’s tertiary institutions. Oloyede, who spoke in Abuja on Wednesday at the National Executive Council meeting of the Non-Academic Staff Union of Educational and Associated Institutions (NASU), also disclosed that more than 10 JAMB officials are currently being prosecuted over corruption-related offences. “Though we strive to promote and…

Osun State Governor, Senator Ademola Adeleke, has accused the Federal Government of deliberately withholding statutory local government allocations belonging to the state for political reasons. Adeleke alleged that the state was being targeted because his party, the Peoples Democratic Party (PDP), is not aligned with the ruling party at the federal level. Speaking through his deputy, Prince Kola Adeusi, at the South-West Summit on Democracy and Federalism held in Ondo State, the governor described Osun as “a case study on how a sub-national should not be treated in a democracy.” Adeleke said, “There is an ongoing wilful breach of the…

The political frost between Senate President Godswill Akpabio and the Senator representing Kogi Central, Natasha Akpoti-Uduaghan, appears to have thawed as the lawmaker on Thursday formally invited Akpabio and all Senators to her constituency project commissioning in Kogi State. Akpoti-Uduaghan, who was suspended for six months earlier this year following a dramatic row over seat reallocation in the chamber, extended the olive branch via a letter read during plenary by the Senate President. The invitation, personally signed by her, is for the commissioning of completed constituency projects in Ihima, Okene Local Government Area, on Sunday, to mark her second anniversary…

The number of military personnel reportedly held over an alleged plot to destabilise President Bola Tinubu’s administration has increased to 42. PLATFORM TIMES reports that although the Defence Headquarters (DHQ) earlier confirmed the arrest of 16 officers for what it described as “disciplinary matters,” authoritative security sources said the detentions were linked to a suspected underground plot to interrupt Nigeria’s democratic governance. A top military intelligence source,on Thursday, who spoke on condition of anonymity  due to the sensitivity of the matter, revealed that the suspects were being grilled on the depth of their alleged involvement. “So far, 42 officers have…

President Bola Ahmed Tinubu on Thursday charged Nigeria’s newly-decorated service chiefs to “smash emerging security threats” and end terrorism and banditry ravaging parts of the country, warning that Nigerians would no longer tolerate excuses from the military. Speaking at the Presidential Villa, Abuja, during the decoration ceremony of the chiefs recently appointed and confirmed by the Senate, Tinubu said the nation must not allow fresh security challenges to fester. “We must be decisive and proactive. Let us smash the new snakes right on the head,” he said pointedly. “Nigerians expect results, not excuses. I charge you to be innovative, pre-emptive…

The Federal High Court in Abuja on Thursday ordered the remand of a lawyer, Ahmed Abdulrahman, and four others accused of cyberbullying and attempting to extort a serving senator, Shehu Umar. Justice Rita Offili-Ajumogobia directed that the accused persons be held at the Force Criminal Investigation Department, Area 10, Abuja, until November 10, pending the court’s ruling on their bail request. Abdulrahman is standing trial alongside Daure David, Ishaq Abubakar Mohammed, Abdulrashid Abdullahi Musa, and Nasiru Usman Abubakar. The Inspector-General of Police is prosecuting the matter. They were arraigned on an 11-count charge bordering on cyberbullying, conspiracy, extortion, and advance…

A security guard employed to protect the property of the News Agency of Nigeria (NAN) in Abeokuta has been arraigned alongside two others for allegedly stealing a 17KVA Perkins generator worth N2.5 million from the agency’s office. The accused persons — Sodiq Fasasi, 27, Lukmon Faruq, 26, and Taiwo Adeleke, 19 — were on Thursday brought before an Abeokuta Chief Magistrates’ Court, Isabo, on a three-count charge bordering on conspiracy, malicious damage and stealing. The trio, who reportedly have no fixed address, pleaded not guilty to the charges. Prosecutor, Inspector Lawrence Olu-Balogun, told the court that the defendants conspired to…