Nigerian leaders as CBEX Ponzi chancers, By Festus Adedayo

Nigerian leaders as CBEX Ponzi chancers, By Festus Adedayo

On Page 28 of his very provocative book, The Present Darkness: A history of Nigerian Organized Crime (2016), Stephen Ellis, British historian and Africanist, compared Nigerian politics to con artistry. The practices of the leaders, he said, were not different from acts of fabulists and fraudsters. Ellis’ take on Nigerian leaders synchronises with a Henry […] The post Nigerian leaders as CBEX Ponzi chancers, By Festus Adedayo appeared first on Pr…

From Bernie Madoff to MMM, these million-dollar frauds destroyed thousands of investors and left devastating consequences for savings and local economies

I might develop high blood pressure – Taye currency opens up after losing millions to CBEX

Famous Ibadan-based Fuji singer, Taye Currency reacted after losing N10 million to CBEX. DAILY POST reports that CBEX, a recently crashed digital trading platform, left investors stranded after they were logged out and unable to access their funds. The Singapore-based company which collapsed on Monday April 14, 2025, swept the sum of N1.3 trillion investors […] The post I might develop high blood pressure – Taye currency opens up after losing mi…

Nigerian Leaders As CBEX Ponzi Chancers - Global Upfront Newspapers

By Festus Adedayo, April 20, 2025 On Page 28 of his very provocative book, The Present Darkness: A history of Nigerian organized crime, (2016) Stephen Ellis, British historian and Africanist, compared Nigerian politics to con artistry. Their practices, he said, were not different from acts of fabulists and fraudsters. Ellis’...

Another Ponzi Scheme Shatters Lives

As thousands of Nigerian victims of the CBEX investment scam count their losses, Kayode Tokede captures the shock and the gnashing of teeth of gullible investors who walked their way

Mapping the CBEX Ponzi Scheme’s Footprint in South West Nigeria

Between January and April 2025, the digital footprint of an emerging Ponzi scheme, known as CBEX, quietly expanded across Nigeria’s South West region. At first glance, CBEX resembled countless other high-yield investment platforms promising fast returns with minimal risk. But behind the façade was a familiar story: financial desperation, uneven digital literacy, and the illusion […] The post Mapping the CBEX Ponzi Scheme’s Footprint in South Wes…