CBEX Resurfaces: Alleged Scam Platform Quietly Resumes Operations Despite Government Ban

In a shocking turn of events, CBEX— the platform previously accused of defrauding over 600,000 Nigerians of a staggering ₦1.2 trillion—has quietly resumed operations. This move comes despite ongoing investigations and a clear declaration by Nigerian authorities labeling the platform as illegal. Without making a public announcement, CBEX reactivated its website and introduced new withdrawal options, a move seen by many as an attempt to regain trust and lure back unsuspecting victims. The development has raised serious questions: How can a platform under such heavy scrutiny operate so freely? Where are the regulatory watchdogs? And most importantly—will Nigerians fall for it again? A Dangerous Trend This isn’t the first time a “get-rich-quick” platform has resurfaced after a scandal, but the scale of CBEX’s alleged fraud makes its return particularly concerning. The reactivation is a slap in the face to victims and a major red flag that enforcement in Nigeria’s digital financial spa...