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CBEX Ponzi Scheme Collapse: N1.3 Trillion Loss for Nigeria

4/18/2025

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Summary

Story summary

The collapse of the Ponzi scheme CBEX has left Nigerian investors reeling from a staggering N1.3 trillion loss. In response, the Economic and Financial Crimes Commission (EFCC) and Securities and Exchange Commission (SEC) are launching investigations and promising victims that efforts to recover their funds are actively in progress, despite CBEX's elusive nature in Nigeria.

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Story summary

The collapse of the Ponzi scheme CBEX has left Nigerian investors reeling from a staggering N1.3 trillion loss. In response, the Economic and Financial Crimes Commission (EFCC) and Securities and Exchange Commission (SEC) are launching investigations and promising victims that efforts to recover their funds are actively in progress, despite CBEX's elusive nature in Nigeria.