BREAKING: Delta Governor Oborevwori Dumps PDP For APC, Plans Cabinet Reshuffle

SaharaReporters reliably gathered that the governor held a closed-door meeting on Wednesday with the 25 local government council chairmen, members of the State House of Assembly, and other key PDP stakeholders at the Government House, where he informed them of his finalized decision to leave the PDP for the ruling APC.  ArticlesRead More 

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    Influx of Opposition Members Into APC Excites Women Leader

    Influx of Opposition Members Into APC Excites Women Leader

    The National Women Leader of the All Progressives Congress (APC), Dr Mary Alile, has congratulated the leadership, members, and supporters of the party across the nation on the unprecedented influx of new members from various political backgrounds.

    According to a statement she signed on Thursday in Abuja, Alile stated that the monumental shift underscores the growing trust and confidence in the APC’s vision for a progressive Nigeria.

    She commended the recent defections in Delta State, where key political figures, including Governor Sheriff Oborevwori, former Governor Ifeanyi Okowa, the entire State Executive Council, and other major stakeholders, joined the APC.

    She noted that the realignment marks a new chapter in Delta State’s political landscape, reflecting a collective commitment to the ideals and developmental agenda of the party. She added that beyond Delta State, several other states had witnessed substantial defections to the APC. She said these include Abia State where over 500 individuals from the Labour Party, Peoples Democratic Party, Young People’s Party (YPP), and All Progressives Grand Alliance (APGA) have joined the APC in Bende Federal Constituency.

    Referencing Edo State, she noted that four members of the Edo State House of Assembly, previously affiliated with the PDP and LP, had defected to the APC, bolstering the party’s presence in the state legislature.

    Others, according to her statement, are “Kogi State: Former PDP governorship aspirant Joseph Ameh Erico, along with numerous supporters, joined the APC in Olamaboro Local Government Area, signifying a strengthening of the party’s grassroots support.

    “In Niger State, approximately 200 PDP members, including notable figures such as former House of Representatives member Hon. Abdullahi Mohammed Ricco, have defected to the APC in Munya Local Government Area.

    In Sokoto and Zamfara States, prominent PDP chieftains, including Alhaji Sahabi Bojo-Bodinga in Sokoto and Hajiya Madina Shehu in Zamfara, have led significant numbers of supporters to the APC, enhancing the party’s strength in these regions.

    “And in Ondo State, in anticipation of the upcoming election, hundreds of PDP and Zenith Labour Party (ZLP) members have defected to the APC, indicating a shift in political allegiance ahead of the polls.

    The women leader extended her profound appreciation to President Bola Tinubu for his visionary leadership and unwavering commitment to national development, which have been instrumental in attracting new members to the party.

    “We also commend the APC National Chairman and the entire National Working Committee for their strategic efforts in fostering unity and inclusivity within the party.

    “As the National Woman Leader, I recognize and celebrate the pivotal role women have played in this transformative period. Their dedication to grassroots mobilization and advocacy has been a cornerstone of the APC’s expanding influence. We must continue to empower and support women to ensure sustained growth and success for our party.”

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    The National Women Leader of the All Progressives Congress (APC), Dr Mary Alile, has congratulated the leadership, members, and supporters of the party across the nation on the unprecedented influx

    Report Any Suspected Illegal Investment Scheme to Us, SEC Urges Nigerians

    Report Any Suspected Illegal Investment Scheme to Us, SEC Urges Nigerians

    Ndubuisi Francis in Abuja 

    The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action.

    The commission said this in a notice issued on Thursday to the investing public with a warning that ponzi investment schemes posed great danger to the growth of the capital market.

    In its latest advisory, coming against the backdrop of the CBEX saga, SEC warned the public about the growing threats and risks posed by Ponzi schemes, illegal investment operations, and unregistered digital assets platforms.

    It explained that fraudulent entities and individuals have continued to exploit unsuspecting investors through deceptive promises of high returns, often leveraging the allure of digital assets to create an erroneous perception of legitimacy.

    “The public is strongly advised to be wary of investment opportunities that promise guaranteed or unusually high returns with little or no risk.

    “These include unregistered platforms offering cryptocurrency investments, forex trading, or blockchain-based schemes, without subjecting themselves to the prescribed processes for obtaining the prior approval of the SEC.

    “The SEC reiterates in this regard that ‘If it sounds too good to be true, it likely is’,” it stated.

    The commission urged potential investors to conduct thorough due diligence before investing and should verify the registration status of the company or individual offering the investment through the SEC’s website.

    The SEC explained that Section 196 (3) of the Investments and Securities Act, 2025 criminalises the promotion and operation of prohibited/unregistered schemes.

    “This violation is punishable upon conviction by a fine of not less than N20m or a prison term of 10 years or both,” the commission warned, adding that it is fully committed to identifying and prosecuting offenders to the full extent of the law.

    “We encourage the public to partner with the SEC to safeguard the integrity of the investment environment in Nigeria by promptly reporting suspected illegal investment schemes to the SEC,” the notice concluded.

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    Ndubuisi Francis in Abuja  The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. The

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