Angry Nigerians Are Turning To Social Media To Describe How They Have Their Locked Out Their Accounts On The Digital Financial Platform, CBEX.
People Have Posted by ThemSelves Crying, saying That That That That Though Not Withdraw That Investments and Worried That Their Money Had Gone.
Some furious customers ransacked a CBEX Office in the South-West City of Ibadan, Carting off Chairs, Air-Conditioners and a Solar Panel. CBEX has not been published posted.
The Company Had Promised That Investors Would Doouble Their Money Every Month. Nigeria is curently facing Straitened Economic Times and many even desperate to Find A Way to Boost Their Income.
One Investor, Identified As Ola, Told BBC Pidgin That Hehed Had Lost 450,000 Naira ($ 280; £ 210).
“I Was Ready To Withdraw All My Investment Just Last Week But My Friend Told Me to Be Patient and Wait – And Now It has Crashed,” Ola Said.
Many Others Have Shared Similar Stories Online, With One Person Talking About $ 16,000.
The Problem Was First Noticed Over The Weekend, BUT The Anger Boiled Over When Monday Came and People Were Still Not Access to Access Their Money.
Some Investors Who Made Complaining On The Private Messaging Service Telegram Received Responses From CBEX.
They was that Told That The Problem was the Result Of A Hack and Things Will Resolved Soon.
Nigeria’s Securities and Exchange Commission (Sec), which regulates the Investment Secotr, has not responded to a BBC Request Comment. But sec previously warned citizens about the risks surrounding unregulated digital platforms and potential ponzi schemes
For SOME, The Situation Brings Back From Painful Memories When Another Popular Financial Scheme, Called MMM, Froze ITS Transactions, Leaving Many Investors Heartbroken.
Members were supposed to Receive A 30% Return on Their Investment In Just 30 Days. It launched in Nigeria in November 2015 and According to Its Founders, Had Up Up To Three Million Members Before It Collapsed.
