CBEX Investment Platform Collapse: Nigerians Count Losses as Life Savings, School Fees Disappear
CBEX Investment Platform Collapse: Nigerians Count Losses as Life Savings, School Fees Disappear
Written by Rita Okafor, Journalist for SpringNewsNG Media Limited | April 16, 2025
1. Ivan Eagle: ₦9 Million Gone in a Flash
Nigerian investor Ivan Eagle is among the worst hit, revealing that he lost approximately ₦9 million to the CBEX platform. Speaking via a detailed Facebook post, Ivan described how he had initially trusted and promoted the platform, even encouraging 31 people to join and invest.
“I was out for a property inspection when my teammate messaged me that her CBEX balance had vanished. I checked mine—same story. Zero balance,” he wrote. “At that point, I opened our Telegram group and saw chaos. Nigerians were furious.”
Although those he referred to CBEX had withdrawn their money with profits before the collapse, Ivan admitted that the returns were likely fabricated, not generated through legitimate trading.
2. Liyah: Student’s Tuition Fees Wiped Out
A young Nigerian student, known on TikTok as Liyahoftiktok1, emotionally revealed that she lost her entire tuition fee—$300 (around ₦480,000)—to the platform.
In a viral video, Liyah pleaded for a refund, saying: “CBEX bring my money back. I used my school fees to invest. My life don spoil.”
Her story drew widespread sympathy from the online community and reignited discussions about the vulnerability of young people to unverified online investment platforms.
3. Nikkyola: Life Savings Lost to Failed Scheme
Another devastating account comes from TikTok user @nikkyola2520, who shared her experience of losing all her life savings to CBEX. In a video that has since gone viral, Nikkyola expressed despair over her financial situation.
“I put all my money into CBEX, hoping it would change my life,” she said. “Now, I’m left with nothing. CBEX don chop my life savings.”
The emotional clip shows a distraught Nikkyola trying to come to terms with the harsh reality of her loss. Her story adds to the growing number of Nigerians severely affected by the CBEX collapse.
Social Media Reactions and Public Backlash
The incident has sparked outrage across social platforms, with thousands of Nigerians sharing similar experiences and warning others against quick-profit schemes. While CBEX once marketed itself as an AI-powered trading solution, its sudden disappearance has exposed the high risks of unregulated digital platforms.
In a separate report, a Nigerian man who had introduced a friend to CBEX pledged to compensate her for the loss, demonstrating how many victims were brought in through referrals from trusted acquaintances.
Final Thoughts
As stories of financial heartbreak continue to surface, experts are urging Nigerians to conduct thorough background checks before investing online. The CBEX saga underscores the urgent need for regulatory oversight, public awareness, and stronger investor protection mechanisms in Nigeria’s fast-evolving fintech space.
