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Cryptopreacher sounds alarm on Brain Jotter’s $Jota coin crash in live TV analysis
Cryptocurrency expert Rume Ophi, known as Cryptopreacher, warns Nigerians about the $Jota Coin’s collapse just hours after its launch.
In a hard-hitting segment on Channels Television, renowned alternative finance and cryptocurrency expert Rume Ophi, widely known as the Cryptopreacher, issued a stark warning to the Nigerian public about the recent collapse of the $Jota Coin.
The digital currency, launched by popular skitmaker Chukwuebuka Amuzie (Brain Jotter), crashed spectacularly just hours after its September 1 debut on the TON network.
Ophi, who has gained a reputation for his accurate predictions in the cryptocurrency space, didn’t mince words during his live appearance. “The Brain Jotter coin situation is a trend that’s deeply worrisome,” he stated, his tone grave. “I’m urging the security agencies and DSS to take immediate action.”
The Cryptopreacher’s analysis came as reports surfaced of the coin’s value plummeting to just one dollar, with liquidity vanishing from the market at an alarming rate.
Drawing on his extensive experience in the field, Ophi highlighted several red flags that point to potential fraud. “What we’re seeing in the market is extremely concerning,” he explained to viewers. “The coin’s value has dropped significantly from its initial hard cap of over a hundred thousand. But more alarmingly, our evidence shows that the contact address of the project initiators withdrew liquidity within 30 minutes of launch.”
Ophi didn’t hesitate to call out the practice for what it appeared to be: “This suggests a classic rug pull scenario. They put a product out there for people to patronize, then pulled the rug out from under investors.”
This isn’t the first time Ophi has raised the alarm about questionable cryptocurrency projects. As the Cryptopreacher, he has built a reputation for identifying potential scams before they fully unfold. “We’ve seen this pattern before,” he reminded viewers. “Remember the Davido coin incident? The SEC had to step in and warn Nigerians to stay away from such tokens. Once again, we’re seeing history repeat itself.”
Ophi reserved particular criticism for the celebrities who endorsed the $Jota Coin without seemingly understanding the implications. “A number of celebrities came out to endorse this token,” he said, shaking his head. “I doubt they understand what they’re endorsing. When the law comes into play, they’re all going to be called in for questioning.”
He drew parallels to recent events in the United States, where celebrities faced significant fines for promoting cryptocurrency projects without proper disclosure. “The Kardashians got themselves involved in similar situations and paid huge fines in the millions. Nigerian celebrities need to be very careful about what they endorse in this space.”
Throughout the segment, Ophi emphasized the potential of the cryptocurrency industry for Nigeria’s technological and economic development. “We see this industry as a brainchild for the development of our tech sector,” he explained passionately. “We have the potential to build something as significant as Silicon Valley right here in Nigeria. But if we allow people to come in, sell liquidity for their gain, and make a mess of it, we’re in for something really disastrous.”
As the segment concluded, Ophi issued a clear warning to the Nigerian public: “Stay away from these types of tokens. Do your research. Don’t be swayed by celebrity endorsements or promises of quick riches. The cryptocurrency space has enormous potential, but it also carries significant risks if you’re not careful.”
Joseph Aloba, father of late singer Mohbad, reveals his life improved significantly after his son’s passing, attributing it to divine help
Joseph Aloba, the father of late Nigerian singer Mohbad, has shared how his life has seen a remarkable improvement since the tragic passing of his son in September last year.
Speaking in an interview with media personality Akin Abolade, Aloba expressed gratitude for the unexpected blessings he has received, which he credits to the combined influence of Mohbad’s spirit and God.
In the emotional interview, Aloba revealed that Mohbad had made significant plans to support him, but these ambitions remained unfulfilled due to unforeseen circumstances before the singer’s untimely death.
However, he stated that since Mohbad’s passing, he has experienced an outpouring of support from well-wishers who have provided him with essential items, including a car.
“Let me just say yes, my life got better after Mohbad’s death because he is my friend. He had it in plan to do many things for me, but they didn’t allow him to do them,” Aloba explained.
“After his death, it was the spirit of Mohbad, and that of God combined together that began to send people to assist me. Even the car and everything I have now, it was people that gave them to me, and it is beyond ordinary.”
Reflecting further, Aloba noted that the assistance he now receives mirrors the intentions his son had for him. He added, “Those were the things he was meant to be doing for me, but they didn’t allow him to do them.”
The late Mohbad, born Ilerioluwa Oladimeji Aloba, passed away under mysterious circumstances in September 2024, leaving fans and the Nigerian music industry in mourning. Investigations into the cause of his death remain ongoing, with many still seeking answers.
Kogi State Governor Usman Ododo ends the controversial tax clearance policy, ensuring students’ education rights remain protected
Kogi State Governor, Alhaji Usman Ododo, has ordered an immediate halt to the policy requiring parents to present Tax Clearance Certificates (TCC) for their children’s enrollment in state-owned tertiary institutions.
This decision follows public outcry and protests led by civil society groups, who argued that the policy infringed upon the right to education.
Announcing the directive during a media briefing in Lokoja, the Chairman of the Kogi State Internal Revenue Service (KGIRS), Alhaji Sule Enehe, stated that the move reflects the governor’s commitment to accessible education.
“The governor responded swiftly to public concerns, emphasizing that education must remain accessible to all Kogi State students,” said Enehe.
The policy, introduced to encourage tax compliance, drew criticism for potentially denying access to education for students whose parents were unable to provide TCCs.
With the directive now revoked, students can register and gain admission without the previously mandated requirement.
Enehe, however, reminded residents of their constitutional duty to pay taxes, noting that non-compliance could restrict access to benefits such as bursary allowances.
He added, “Parents must play their part by paying taxes to support state education and other social amenities.”
Highlighting further reforms, Enehe disclosed that KGIRS has ramped up efforts to eliminate illegal tax practices. Since the crackdown began, 43 illegal tax collectors have been prosecuted, while several corrupt staff members have been dismissed.
To streamline operations, the revenue service has digitised tax payment systems, allowing individuals and businesses to fulfil their obligations more efficiently.
KGIRS reported steady revenue growth in recent years, with collections rising from ₦17 billion in 2021 to ₦27.7 billion in 2024.
The service has set an ambitious target of ₦35.1 billion for 2025, aiming to sustain the state’s developmental initiatives.
Governor Ododo’s administration continues to prioritise education, as seen in the establishment of three state-owned universities.
The governor’s directive aligns with the broader goal of ensuring that financial barriers do not hinder educational access for Kogi State students.
This decisive action signals the government’s resolve to balance tax compliance with the constitutional right to education, fostering both development and inclusivity.
Nigeria’s headline inflation rate has risen to 34.80% in December 2024, driven by increased demand during the festive season. The report highlights ongoing economic challenges despite a slight month-on-month decrease
Nigeria’s headline inflation rate surged to 34.80% in December 2024, according to the National Bureau of Statistics (NBS).
This marks a slight increase from 34.60% in November, driven by heightened demand for goods and services during the festive season.
The year-on-year comparison shows a significant 5.87 percentage point rise from 28.92% in December 2023, pointing to a persistent inflationary trend.
However, month-on-month inflation decreased marginally, falling to 2.44% in December from 2.64% in November 2024.
Urban areas experienced a more pronounced inflation rise of 37.29%, while rural areas saw an inflation rate of 32.47%.
Despite this, the month-on-month decrease offers a sign of easing inflationary pressure. Analysts emphasise the need for effective monetary and fiscal measures to stabilise prices and address the persistent economic challenges.
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