A number of Nigerian women have reportedly suffered significant financial losses after the abrupt disappearance of CBEX, a digital investment platform that had promised unusually high returns.
CBEX operated using U.S. dollars and lured investors with the promise of doubling their money within 30 days.
Its attractive profit projections drew in many users, particularly women, seeking quick financial gains.
Trouble began when users could no longer access their funds.
Shortly after, many discovered their account balances had been reset to zero, triggering confusion and alarm.
Emotional videos circulating on social media show women overwhelmed with grief, some weeping as they describe how their hard-earned money was wiped out. Their stories reflect the deep impact of the platform’s collapse.
The situation has sparked outrage online, with increasing calls for stronger regulation of digital investment schemes and better public awareness to guard against future scams.