CBEX: A Ponzi Scam That Has Defrauded Nigerians — Lessons and Warnings, by Prof Adesoji Adesugba
Another wave of financial loss has hit unsuspecting Nigerians as the CBEX app, a fraudulent investment platform, has disappeared with users’ money. This app, like many others before it, operated under the classic model of a Ponzi scheme, deceiving people with promises of high and quick returns. Many are left heartbroken, some in debt, all…
