Scores of Nigerians have lost over N1.3 trillion to a digital investment platform, CBEX, following its sudden collapse.
The victims had invested in the online platform after they were promised 100% return on investment within one month. Investments were made strictly in U.S. dollars.
However, it was gathered that operations in CBEX came to an abrupt end on Monday, April 14, 2025, as the platform allegedly swept away over N1.3 trillion from unsuspecting investors.
Heartbreaking scenes of women weeping and lamenting the loss of their life savings have since flooded social media, especially X (formerly Twitter).
Trouble began when users started facing difficulties withdrawing funds from the platform. Shortly after, many discovered their account balances had mysteriously been reset to zero — sparking widespread panic.
CBEX has yet to speak on its sudden collapse as of press time.
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