Andre Onana will be recalled for Manchester United’s season-defining Europa League quarter-final second leg against Lyon after his costly goalkeeping errors in the first leg, manager Ruben Amorim confirmed on Wednesday.

The 29-year-old Cameroon international, who was to blame for the two goals that United conceded in last week’s 2-2 draw in France, was axed for Sunday’s 4-1 defeat at Newcastle.

The Economic and Financial Crimes Commission (EFCC) has assured Nigerians that efforts are underway to recover funds lost to the collapsed digital investment platform, CryptoBank Exchange (CBEX), which reportedly defrauded investors of N1.3 trillion.

Speaking on Channels Television’s The Morning Brief, EFCC spokesperson Dele Oyewale said the agency had previously warned the public against Ponzi schemes.

“You’ll recall that on March 11 this year, the Executive Chairman of the EFCC, Mr. Ola Olukoyede, had cause to instruct us to alert Nigerians about 58 Ponzi scheme companies; we came out with a list–that shows that we’re proactive and we have our hands on what is happening.

“So, concerning this CBEX thing, we’re on it; it’s not that we didn’t know, and you know we’ve been alerting Nigerians about ways and means to separate themselves from this type of shenanigans. So, before the calls came, we were working; while the calls were coming, we were working, and even after the calls, we’re still working.”

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He emphasised that CBEX is a foreign company operating online without legal status in Nigeria.

“All the area offices that people are saying are in Ibadan and in some other locations are not functional offices. The entire thing is online,” he said.

On unrealistic returns promised by platforms like CBEX, Oyewale cautioned: “If somebody says, ‘Bring your money; I’m going to give you a return in 30 days,’ you know that is not realistic… Even we know that the prevailing interest rate in Nigeria is 27.5.”

He highlighted the importance of compliance with laws like the Money Laundering Act, Proceeds of Crime Act, and Terrorism Financing Act, warning that failure to do so signals trouble ahead.

Oyewale further stated the EFCC is collaborating with global partners to bring the perpetrators to justice.

“Investors are going to get their money back and we’re already working on that. All I’m saying is that this kind of thing could have been averted, but we’re not going to throw our hands up helplessly to say that there’s nothing the EFCC can do about it. No, we’re more responsible; we are more professional than that,” the spokesperson said.

“So, we’ve spread our wings; we’re talking to Interpol, we’re talking to all the necessary agencies across the world to be able to bring all the actors to book and the investors are going to have their money back. It might not be in the short term, but I can assure you that the commission, as the leading anti-corruption agency in Nigeria, is not going to allow investors to just lose their money like that because they are not compliant. No. Escapism is not a solution to any problem,” he added.

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In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol.

The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease.
This price adjustment follows the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.

The refinery had previously reduced its gantry price from N880 to N865 per litre; however, oil marketers did not pass on the savings to consumers.

The Dangote Refinery, with a capacity of 650,000 barrels per day, continues to play a crucial role in Nigeria’s energy landscape.

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The World Trade Organization chief said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy.

President Donald Trump raised tariffs on China to 125 percent on Wednesday as the world’s two largest economies fought over retaliatory levies.
“The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral trade. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80 percent,” WTO director general Ngozi Okonjo-Iweala said in a statement.
She warned that the conflict could “severely damage the global economic outlook”.

Even as he slapped further tariffs on China, Trump paused higher tariffs on the rest of the world for 90 days after dozens of countries reached out for negotiations.

Okonjo-Iweala warned that the world economy risked breaking into two blocs, one centred around the United States and the other China.

“Of particular concern is the potential fragmentation of global trade along geopolitical lines. A division of the global economy into two blocs could lead to a long-term reduction in global real GDP by nearly seven percent,” she said.

She urged all WTO members “to address this challenge through cooperation and dialogue”.

Hours earlier, Trump ramped up duties on Chinese goods to 104 percent, only to hike them further when China retaliated by raising tariffs on US imports to 84 percent.

In a social media post announcing the moves, Trump said China had been singled out for special treatment because of “the lack of respect that China has shown to the World’s Markets”.
US stock markets had slumped around 10 percent in the past week as trade tensions grew, but they surged after Trump announced his pause.
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