CBEX
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SEC Targets CBEX Over N1.3trn Ponzi Scheme, Seeks Account Freeze And Asset Seizure
The Securities and Exchange Commission (SEC) is seeking to freeze the bank accounts and seize assets of CBEX Limited over allegations of operating a massive N1.3 trillion Ponzi scheme. The regulatory action came during a…
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Massive Ponzi Meltdown: Senate Investigates ₦1.3tn Crypto Fraud
The Nigerian Senate on Wednesday initiated a far-reaching investigation into the alarming proliferation of Ponzi schemes in the country, following the catastrophic collapse of Crypto Bridge Exchange (CBEX)—a digital investment platform that allegedly defrauded Nigerians…
