Numerous residents in Ibadan have been left distressed after losing substantial amounts of money to CBEX, the digital trading platform that recently crashed without warning.
Victims say they invested amounts ranging from $200 to as much as 5 million Naira, with some even borrowing money in hopes of high returns.
They shared how CBEX agents approached them during their daily activities, convincing them to invest with promises of double returns in just 35 days.
Victims are crying out to the government for intervention. They say the app used to track transactions gave a sense of legitimacy, only for it to vanish without warning.
How Ibadan CBEX Investors Sold Assets, Took Loans to Fund Scheme
Several residents in Ibadan are in distress after losing huge sums of money to CBEX, which recently crashed unexpectedly. Victims say they invested amounts ranging from $200 to as much as 5 million Naira, with… pic.twitter.com/Bk1vfsqBsx
— Punch Newspapers (@MobilePunch) April 18, 2025
