Some Nigerians have taken to social media to bemoan the collapse of a digital investment platform, CBEX.
Thousands of investors are now in despair, after CBEX made away with over N1.3 trillion, in what appears to be another massive Ponzi scheme.
According to circulating reports, the platform became inaccessible after users experienced difficulties withdrawing their funds. Many later discovered that their account balances had been wiped to zero.
On X (formerly Twitter), reactions have poured in, painting a grim picture of the aftermath.
“Even pipul wey no get anything to do with CBEX dey cry too… 9ja don tire person to the extent person nor know who dey lie again. Chai,” lamented @edoPeekeen (Edo Blood), capturing the widespread confusion and emotional toll.
User @Eskimoh_ highlighted the recurring issue of financial illiteracy, tweeting:
“No one rule of investment states, ‘Never invest any amount you can’t afford to lose.’ A lot of people need financial literacy, and the sad story is the government will never add that to school subjects.”
Others were less sympathetic, with some blaming investors for ignoring red flags.