In a heart-wrenching account, a Nigerian woman named Bolarinwa has shared her ordeal of losing $1,000 to the now-defunct CBEX investment platform. After returning from Libya with just $200, she was persuaded by a neighbor’s apparent success with CBEX to invest. To increase her investment, she borrowed additional funds from friends, totaling $1,000. Tragically, the platform collapsed, wiping out her entire investment.
CBEX, which presented itself as a digital trading platform promising high returns, reportedly trapped over ₦1.3 trillion of investors’ funds before its sudden shutdown. The Securities and Exchange Commission (SEC) has since issued warnings about such unregistered platforms, emphasizing the risks involved.CONTINUE READING
