Nigeria Securities and Exchange Commission
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‘CBEX’ promised to double Nigerians’ money. Now over ₦1 trillion could be gone
TechCabal - Apr 15, 2025
CBEX promised investors a 100% return on investment within 30 days, a classic sign of a Ponzi scheme. Users were required to recruit at least 12 people before being allowed to withdraw profits.
CBEXNigeria Securities and Exchange CommissionChina Beijing Equity ExchangeTaiwo OwolabiNigeria Deposit Insurance Corporation
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