OSBC Sanctions Presenter Over Unauthorized Ponzi Scheme Broadcast
The Osun State Broadcasting Corporation (OSBC) has sanctioned a presenter for airing an unauthorised segment promoting the collapsed CBEX Trading Exchange Global scheme on Orisun FM, Ile-Ife.
OSBC’s Public Relations Officer, Gbenga Faminu, said the misleading five-minute content was broadcast without editorial approval and was the independent action of the presenter involved.
The corporation has launched an internal investigation, enforced corrective measures, and reaffirmed its commitment to ethical broadcasting. It also warned the public to remain vigilant against fraudulent investment schemes.
The EFCC has launched a probe into CBEX, which defrauded investors despite prior warnings.
