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BUA Group disavows AI-generated investment video featuring Abdulsamad Rabiu
via Punch Nigeria1 min read
BUA Group has publicly disassociated itself from an AI-generated video circulating on social media that falsely promotes an investment scheme and features its Founder and Executive Chairman, Abdulsamad Rabiu. The company stated that the video promises "unrealistic investment returns" and is designed to mislead the public into a fraudulent scheme. BUA Group clarified that neither Abdulsamad Rabiu, BUA Group, nor any of its subsidiaries are connected with the platform or its claims. The company urged the public to disregard the video, which it described as falsely constructed to imply endorsement. BUA Group also warned against engaging with platforms promoting "unrealistic returns," noting that such schemes often defraud unsuspecting victims, and advised reporting such content to law enforcement agencies. The group indicated that the video is part of a trend of AI-generated impersonation scams targeting public figures and corporate brands.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Three passengers have reportedly died following the derailment of a train on the Warri–Itakpe Train Service on Monday. The Nigerian Railway Corporation NRC confirmed the incident, stating that emergency response teams and relevant authorities are at the scene to assist affected passengers and assess the situation. Kayode Opeifa, the Managing Director and Chief Executive Officer of the NRC, issued a statement indicating that the corporation is closely monitoring developments and will provide further details as investigations and rescue efforts proceed. The cause of the derailment has not yet been officially disclosed. The Warri–Itakpe rail corridor is a significant standard-gauge line connecting Delta and Kogi states, serving numerous passengers traveling between Nigeria's South-South and North-Central regions.
Must ReadNigerian power generation companies GenCos, under the Association of Power Generation Companies APGC, state that the Federal Government has not yet begun payment of the N3.3tn power sector debt approved by President Bola Tinubu in April. Despite official assurances that the settlement plan had commenced, APGC Chief Executive Officer Joy Ogaji confirmed that most generation companies have not received any payment. The GenCos also rejected the government's reduction of the debt from approximately N4tn to N3.3tn, insisting the full amount remains outstanding. Ogaji noted that the N501bn bond raised by the government for payments is still being disbursed and that only five generation companies—Geregu, Ibom Power, FIPL, NDPHC, and Mabon Energy—agreed to the terms of the bond program, which involved a 50 percent cut of their current debts.
The Edo State Chapter of Ohanaeze Ndigbo Worldwide has issued a warning against the use of unauthorized Igbo traditional titles such as Ezeigbo, Ezendigbo, and Igwe outside of recognized traditional institutions in Igboland. This directive, announced by state secretary Emmanuel Ofodu, follows a resolution from the organization's General Assembly on April 9, 2026, and applies to all Igbo communities in Edo State, across Nigeria, and in the Diaspora. Ofodu stated that creating or operating parallel traditional leadership structures outside Igboland is culturally invalid and inconsistent with a prior court ruling. He emphasized that only constitutionally and traditionally recognized authorities in Igboland have the mandate to confer such titles, warning that unauthorized coronations or installations violate cultural directives and legal pronouncements. The resolution also reaffirms cooperation with Edo State's established traditional authority, including loyalty to the Oba of Benin, Ewuare II. Ofodu urged security agencies, government authorities, and the public to treat any unauthorized use of these titles as invalid to preserve cultural order and prevent inter-communal tensions. Igbo residents in Edo State are encouraged to operate under recognized community frameworks. Additionally, the group announced a statewide civic mobilization campaign for voter registration. George Igbokwe, the state legal adviser, explained that the decision to proscribe such titles stemmed from issue