Osun State Broadcaster Corporation accused of promoting fraudulent CBEX ponzi scheme, video surfaces

3 days ago 11

A viral video has exposed the Osun State Broadcasting Corporation (OSBC) for allegedly promoting the CBEX scheme
CBEX officials reportedly gave airtime connected OSBC to advertise the strategy arsenic a poorness alleviation initiative, urging petty traders and low-income Nigerians to invest
The video has attracted mixed reactions from Nigerians, arsenic galore criticised the OSBC for endorsing the concern level that has reportedly crashed

Legit.ng journalist Esther Odili has implicit 2 years of acquisition covering political parties and movements.

A caller video making the rounds connected the net has reportedly linked the Osun State Broadcasting Corporation (OSBC), a government-owned vigor station, to a Ponzi scheme.

In the video obtained by SaharaReporters from 1 of the station’s programmes, OSBC reportedly gave airtime to CBEX Trading Exchange Global officials who made exaggerated claims astir the platform’s capableness to assistance Nigerians retired of poverty.

According to SaharaReporters, OSBC actively promoted the now-collapsed CBEX strategy to its listeners, packaging it arsenic a morganatic poorness alleviation inaugural and encouraging susceptible Nigerians to invest.

“This strategy is for everyone. Even those selling herbal mixtures, those selling connected the roadside, and the petty traders tin put with us. Those selling pepper, and those selling vegetables successful the marketplace tin besides articulation us. We privation everyone to articulation america due to the fact that our volition is to marque beingness easier for Nigerian people. We privation to instrumentality them from suffering and hardships,” 1 of the CBEX officials declared during the unrecorded broadcast, speaking successful Yoruba language.

Rather than questioning the scheme's credibility oregon regulatory status, the OSBC presenter afloat endorsed CBEX connected air.

“This is simply a strategy that volition bring luck to Nigerians. That is wherefore we are telling you each week that you should articulation them, I americium inactive telling you again to articulation them this greeting to marque fortune,” the presenter said without hesitation.

Reactions arsenic government-owned vigor pushes CBEX strategy connected Nigerians

OSBC’s alleged determination to beforehand CBEX reportedly came contempt anterior warnings from Nigeria’s Securities and Exchange Commission (SEC), which had categorically stated that CBEX was not registered and advised Nigerians to debar investing successful it.

Nigerians respond to video showing OSBC promoting CBEX

As usual, Nigerians person reacted to the development. Legit.ng compiled a fewer reactions from the comment conception connected X below:

@ExquisiteDemola tweeted:

"They utilized OSBC to beforehand a ponzi scheme?"

@ElmaSofie tweeted:

"They volition reply successful court."

@ediological tweeted:

"Radio stations volition beforehand thing for money."

@UTDVenom1 tweeted:

"Davido besides promoted Racksterli."

Video showing however OSBC allegedly promoted CBEX surfaces connected TikTok

Watch the video shared connected TikTok, showing however OSBC promoted CBEX:

Read much astir CBEX:

CBEX scandal: Buhari’s adjutant reacts arsenic CBEX illness

Meanwhile, Legit.ng reported that erstwhile statesmanlike aide, Bashir Ahmad, said the Securities and Exchange Commission (SEC) warned Nigerians against investing successful CBEX.

Ahmad said Nigerians ever disregard regulatory agencies' warnings whenever Ponzi schemes are introduced successful the country.

Some Nigerians said SEC should person unopen down CBEX offices and halt Nigerians from patronising them than issuing warnings.

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Source: Legit.ng

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