OSUN RADIO STATION SANCTIONS PRESENTER FOR AIRING CBEX PONZI SCHEME BROADCAST
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The Osun State Broadcasting Corporation (OSBC) has sanctioned a presenter for airing unapproved content that promoted the defunct CBEX Trading Exchange Global scheme.
In a statement released on Wednesday, the corporation clarified that the broadcast was done without the consent or awareness of its editorial board, labeling the content as both unauthorised and misleading.
OSBC’s Public Relations Officer, Gbenga Faminu, confirmed that the segment was broadcast on Orisun FM, a station under the corporation based 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 further noted that as soon as the management became aware of the broadcast, an internal investigation was launched, which revealed that the aired content was solely the action of the presenter who has since been disciplined.
The statement emphasized that OSBC operates within strict regulatory guidelines and upholds high ethical standards in its programming.
The station reaffirmed its dedication to being a reliable and trustworthy source of information, education, and public awareness for the South-West region.
Faminu also reassured the public that necessary corrective actions have been implemented to ensure such incidents do not happen again.
The corporation cautioned listeners and the general public to remain vigilant against fraudulent investment schemes that exploit the country’s current economic challenges.
“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 reiterated its commitment to professionalism, transparency, and serving the public in all aspects of its operations.
Meanwhile, the Economic and Financial Crimes Commission (EFCC) has launched an investigation into the scheme, noting that it had previously issued public warnings regarding its activities before it was eventually shut down.
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