Thursday, April 17, 2025 - The Osun State Broadcasting Corporation, OSBC, has taken disciplinary action against a presenter found to have aired unauthorised content promoting the now-collapsed CBEX Trading Exchange Global scheme.
In a statement issued on Wednesday, the corporation stated
that the broadcast occurred without the approval or knowledge of its editorial
board, describing it as unauthorised and misleading.
The Public Relations Officer of OSBC, Gbenga Faminu,
confirmed that the segment was aired on Orisun FM, one of the corporation’s
stations located in Ile-Ife.
“As a responsible media organisation, OSBC identified the
five-minute controversial content smuggled into our programming and has since
sanctioned the presenter responsible,” Faminu said.
He added that the management had immediately launched an
internal investigation upon learning of the broadcast and discovered that it
was the independent action of the sanctioned presenter.
According to the statement, OSBC operates under strict
regulatory frameworks and adheres to high ethical standards in its broadcasting
practices.
The station reiterated its commitment to remaining a
credible and trusted platform for information, public enlightenment, and
education in the South-West region.
Faminu further assured the public that corrective measures
have been put in place to prevent a recurrence of such incidents in the future.
The corporation warned listeners and members of the public
to be cautious of fraudulent investment schemes that continue to take advantage
of Nigeria’s economic difficulties.
“This situation is a reminder that fraudsters are constantly
evolving in their tactics, and media organisations must remain vigilant to
safeguard public trust,” the statement added.
The CBEX Trading Exchange Global had gained traction through
unverified media promotion before collapsing, leaving numerous investors
defrauded across various states.
The OSBC stated it had never entered into any commercial or
promotional agreement with CBEX and strongly dissociates itself from the
scheme.
“We want to assure the general public that OSBC neither
endorsed nor benefited from the scheme,” Faminu clarified.
OSBC reaffirmed that it is dedicated to professionalism,
transparency, and public service in its continued operations.
In response, the Economic and Financial Crimes Commission,
EFCC, have begun investigations into the scheme revealing that it had issued
public warnings about its operations prior to its shutdown.
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