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4 days ago
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- CBEX has been trending connected the Nigerian societal media abstraction pursuing reports that the level has crashed
- Several Nigerians who person invested their wealth successful a strategy person taken to societal media to outcry out
- Content creator and personage lawyer Timi Agbaje, reacting to the societal media outcry, successful a video, has shared what Nigerian instrumentality says astir Ponzi scheme
Popular contented creator and lawyer Timi Agbaje has reacted to the viral outcry connected societal media astir a trending strategy known arsenic CBEX.
Legit.ng recalls reporting that the CBEX level reportedly collapsed, leaving investors with important Naira trapped.
Source: Instagram
This comes aft a petition by the level for further deposits from its users, raising concerns astir the platform's legitimacy and its operations wrong the country.
Legit.ng checks besides disclosed that CBEX has changed its domain sanction respective times betwixt January 2024 and February 1, 2025.
Nigerian instrumentality connected Ponzi shared
Timi Agbaje, known for making contented astir Nigerian laws, knocked Nigerians who are looking for shortcuts to evade poverty.
"Many of you person dedicated your beingness to escaping poorness done shortcuts, that is to accidental you privation to usage backmost doorway to go Bill Gate," helium said.According to Agbaje, earlier the commencement of concern concern successful Nigeria, it indispensable archetypal beryllium registered with Security Exchange Commission (SEC) and abide by its rules..
Source: Instagram
Agbaje besides disclosed that anyone who attempts to defraud Nigerians done an concern strategy is liable to astatine slightest 5 years imprisonment and 5 cardinal naira successful good oregon both, without considering different penalties, successful enactment with conception 344 (E) of the Investment and Securities Act 2025.
He besides revealed that promoters, influencers and bloggers who beforehand Ponzi schemes, which pb to Nigerians losing their money, person to marque a refund wrong 1 month.
"Poverty and ponzi are similar duplicate brothers arsenic agelong arsenic determination is poorness determination volition beryllium ponzi," helium added.The video of Timi Agbaje speaking connected Nigerian instrumentality successful regards to Ponzi schemes below:
In related news, Legit.ng reported that a Catholic Priest shared reflection astir Nigerians who invested successful CBEX.
Reactions way Timi Agbaje's video
Several Nigerians successful reactions claimed the laws were not applicable successful Nigeria, arsenic they cited erstwhile experiences.
Legit.ng compiled immoderate of the reactions, work them below:
nobftpoi said:
"Abeg na truthful Davido marque maine bash racksterli thing hap But inactive my 001."fresh_oyebola reacted:
"Which 1 Davido constitute to the SEC earlier pulling crypto fraud galore times? Stop quoting instrumentality successful a lawlessness country. That state was built connected fraud and lone fraud tin thrive there. No azygous morganatic idiosyncratic with hush wealth without fraud successful it."NehemsE said:
"So, cbex don clang beryllium that?"citadelmedia24 reacted:
"There was a definite creator successful this state that promoted Racksterli oo."sparkle_brand
"Davido promoted racksterli successful 2021 Sha. Just a reminder that thing happened to some promoter and owner. Nah those who put precocious cognize wetin them lose."Lizzy Anjorin speaks with Timi Agbaje
Legit.ng antecedently reported that histrion Lizzy Anjorin, during a chat with Timi Agbaje, revealed she owns 23 businesses.
She besides debunked the allegation that she stole gold and made a fake wealth transportation astatine the Idumota marketplace connected Lagos Island.
The Yoruba actress described the incidental arsenic a set-up.
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Source: Legit.ng
