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4 days ago
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- Former 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
Legit.ng journalist, Adekunle Dada has implicit 8 years of acquisition covering metro, authorities policy, and planetary issues
FCT, Abuja - Former Special Assistant to ex-president Muhammadu Buhari connected Digital Communications, Bashir Ahmad, has reacted to the illness of CBEX investment.
Legit.ng recalls that aft days of trending connected societal media, CBEX, an investment platform, allegedly crashed .
Source: Twitter
Trillions of naira belonging to investors successful respective countries person been trapped connected the platform.
While immoderate Nigerians are lamenting connected societal media, immoderate are said to person deed the streets, looting the CBEX office.
Reacting to CBX collapse, Ahmad said the Securities and Exchange Commission (SEC) warned Nigerians against patronising CBEX.
The erstwhile statesmanlike adjutant said SEC clarified that CBEX did not registry with the Commission.
He wondered however Nigerians went up to put their money aft being warned by the SEC.
Ahmad made this known successful a station shared via his X grip @BashirAhmaad connected Tuesday, April 15, 2025.
“So, our Securities and Exchange Commission (SEC) warned Nigerians against patronizing CBEX aft they clarified that they did not registry with the Commission, and our radical inactive went up and invested their money.”He further stated that:
"Whenever Ponzi schemes are introduced successful Nigeria, our regulatory agencies bash their champion to pass and caution people, but our radical often disregard these warnings until it's excessively late."Nigerians react
@omorogiec
90% of those who enactment their wealth into that level knew from the commencement that they were investing successful a Ponzi strategy but greed won't marque them look away.Anyone who overcomes greed volition conquer the world.@Kayloaded1
So wherefore did SEC and @officialEFCC allowed CBEX to proceed to run knowing they are unregistered. At slightest they would person conscionable adjacent down the bureau alternatively of allowing them to scam people.@Oveymoses
Are they to pass Nigerians oregon shutdown their offices and apprehension them for operating illegally? Govt neglect to bash d needful.@TheHeroNG
If you lone conscionable knew astir it, it means the nationalist enlightenment failed. SEC tin bash better. SMS, people media, vigor & tv, societal media, billboards etc.@KJoseph4020
Honestly one haven't heard the warning. With the mode the operators tutored me, I was person it existent fiscal investment. Our fiscal transgression agents are not doing well. They shouldn't let them run successful the archetypal place. I took that hazard innocently, I person moved on.@LexxyChico
That's due to the fact that idiosyncratic that didn't springiness you wealth oregon helped you successful immoderate mode can't archer you however to walk your money. Also the radical person zero spot successful a govt that banned trading crypto. But to put successful CBEX is plain foolishness regardless.Angry youths Loot CBEX bureau aft losing wealth
Earlier, Legit.ng reported that aggravated youths who person invested successful CBEX stormed the Ibadan bureau pursuing the clang of the platform.
The CBEX investors forcibly entered the premises and carted distant invaluable items from the office.
It was gathered that galore users were allegedly near with zero equilibrium successful their accounts aft the level crashed.
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Source: Legit.ng
