We Became Aware Of CBEX After Nigerians Lost Money—SEC

We Became Aware Of CBEX After Nigerians Lost Money—SEC

The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has responded to public criticism over the agency’s perceived inaction in the collapse of CBEX, a controversial investment platform accused of defrauding unsuspecting Nigerians. Speaking during an interview on ARISE NEWS on Monday, Dr Agama explained that the SEC could not intervene because CBEX was never registered with the Commission. “The first responsib…

CBEX: Nigerians Blame Government for Losses - Business Hallmark

…Investors Loot, Vandalize Firm’s Property Nigerians who lost their life savings and investments to the now-defunct China Beijing Equity Exchange (CBEX) are in anguish, reeling from the impact of yet another collapsed Ponzi scheme. The emergence and operations of CBEX in Nigeria have reignited controversy over the persistent failure to prevent such fraudulent schemes, despite […] The post CBEX: Nigerians Blame Government for Losses first appeare…

Thousands of Nigerians went into a state of ha'ula'i after falling into the hands of the synagogue. Several people on various media have racked up the number of losses they have made, while the company CBEX, a well-known real estate platform, has recorded more than one trillion and three drops of Naira from investors' accounts...