Many Nigerians are currently lamenting the loss of their investments in a suspected Ponzi scheme operated by CBEX.
A group of aggrieved investors stormed the office of CBEX, a digital trading platform, in the Oke Ado area of Ibadan, Oyo State, following the reported collapse of the platform which left many users with empty account balances.
The situation escalated into chaos as the mob forced their way into the premises, looting furniture and office equipment in a show of anger and frustration.
Eyewitness videos circulating online captured the tense scene, showing a large crowd gathered outside the CBEX office and individuals removing items from the building. The incident has been linked to widespread financial losses among users who had invested heavily in the platform, only to find their accounts wiped clean.
