Stephen Ukandu, Umuahia
Thousands of Nigerian investors are in tears after a digital investment platform, on Tuesday, sunk with their investments worth over N1.3 trillion.
The digital investment platform known as CBEX had promised its investors 199 per cent returns in their investments within 39 days.
To the utter shock of the investors, the platform suddenly became inaccessible after users experienced persistent withdrawal failures, followed by sudden account balance wipes, on Tuesday.
This triggered shocks and wailing among investors who had trusted the platform.
Meanwhile, the duped investors have been faced with severe criticisms on the social media for investing in the platform after the collapse of similar ponzi schemes like MMM in the past.
An X user identified as #edoPeekeen (Edo Blood) commented, “Even pipul wey no get anything to do with CBEX dey cry too… 9ja don tire person to the extent person nor know who dey lie again. Chai,” capturing public disbelief.
Similarly, another user, H #Eskimoh_ posted: “No one rule of investment states, ‘Never invest any amount you can’t afford to lose.’ A lot of people need financial literacy, and the sad story is the government will never add that to school subjects.”
A Facebook user, Chinenye Nduka lamented, how her brother lost his school fees which he invested in the ponzi.
“My brother invested his school fees and now he can’t even face my parents. God, this country keeps dealing with us.”
David Eyo, also a Facebook user wrote:
“I warned my church WhatsApp group, but they mocked me. Now the same people are tagging me to help them recover their money. How??”
The Central Bank of Nigeria, CBN, has severally warned citizens against investing in schemes not authorized by the apex bank.
Billions of Naira have in the past, been lost to several ponzi schemes which also suddenly went underground with investors funds.
