FULL LIST: 50 Ponzi Schemes That Stole Trillions Of Naira From Nigerians Since 2016

In the past decade, Nigeria has witnessed a tsunami of Ponzi schemes that have fleeced citizens of trillions of naira under the guise of “investments”, “donations”, and “cooperative societies”. These scams, often masquerading as financial salvation in a country battered by economic hardship, have left millions of Nigerians in tears, despair, and in some cases,…

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Can Nigerians Still Withdraw Their Money On CBEX? — What You Need To Know 

Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts. The digital trading platform crashed on Monday after the money in their investors’ wallets vanished. CBEX also locked its telegram channels and postponed its…

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CBEX: SEC Warns Public Against Ponzi Schemes

The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…

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