Thousands of Nigerians are grappling with financial hardship following the alleged collapse of CBEX, a digital investment platform accused of defrauding unsuspecting investors of over ₦1.3 trillion in what is believed to be a large-scale Ponzi scheme.
On Tuesday, reports highlighted emotional scenes of Nigerian women in tears after allegedly losing millions of naira to the platform.
Reports indicate that users initially encountered issues withdrawing their funds, only to later discover their account balances had been wiped to zero.
The situation has sparked widespread reactions on X (formerly Twitter), where users have shared harrowing accounts of the scheme’s devastating impact.
Cbex… you sold me dreams 😂😂😂😭💔
Them say nah hack #cbexscam pic.twitter.com/AeNMALU1xA
— Abdulwarith 06 (@Krith_06) April 14, 2025
#CBEX #cbexscam
From this to this 😭😭😭😭
Mogbe oooo pic.twitter.com/48qlPhiq7c— LEKSMAN (@Leksman16) April 14, 2025
If you know anyone doing CBEX please hold them tight 🙂 they are going through a lot rn 💔💔💔💔
Where’s that Aunty 15th of April? 😂 pic.twitter.com/0VnG5PBIhd
— THE CRUISE TV (@the_cruisetv) April 14, 2025
You know why scams like Cbex will never end and continuing to cash out on intentional gullible humans?
Cuz they operate on your greed ,
You haven’t learn from MMM, racksteli and co
Don’t worry another one will come and u will still fall for same trick #cbexscam #CBEX pic.twitter.com/CbWunyrzKD— capital🦅(‘DC’) (@CAPITAL__DC) April 14, 2025
So I was invited to cbex all in the name of making enough money to push my unreleased song Alhamdullilah which I have been begging @Zlatan_Ibile for a verse only to wake up today and discover that all my $4000 dollars is gone 😭😭😭😭😭😭😭 at this point i am lost pic.twitter.com/LTWQTPyczE
— R2kizzdebanga🐺🐺 (@r2kizzmusic) April 14, 2025
CBEX users need your advice 😭
1&2 https://t.co/FyLGyedugG pic.twitter.com/vx8lKNkPE3— Last Man (@Crownprince_Com) April 15, 2025
I have tasted forex, I have tasted crypto, and I have tasted Cbex
I highly recommend stocking your kitchen with foodstuffs first 😂😭😩😂
— Teekay (@Mr_Teekay001) April 15, 2025
Nigerians can never learn. How can you sell your only property to invest in CBEX Ponzi scam? pic.twitter.com/gnwSFfh0w8
— Dr Penking™🇳🇬🇦🇺 (@drpenking) April 15, 2025