Chaos broke out today at the CBEX office in Oke Ado, Ibadan, as angry crowds stormed the premises, looting air conditioners, fans, and other valuables. The incident, widely shared on X, follows allegations that CBEX, a digital asset trading platform, has defrauded investors, with reports of blocked withdrawals fueling public outrage.
Videos circulating online show dozens of people dismantling office equipment, with some carting away furniture and electronics. “CBEX don crash, everybody dey grab wetin dem fit!” one X user posted.
The Oyo State Police have yet to confirm arrests, but eyewitnesses report a tense scene as locals vent frustration over lost investments.
CBEX, trending on Nigerian X for weeks, has faced scrutiny after Nigeria’s SEC declared it unregistered on April 14. The platform’s promise of 100% ROI in 30-35 days drew thousands, but recent payout delays sparked fears of a Ponzi scheme collapse. Bestlagos.ng urges calm and will update as the situation unfolds. Stay tuned for more.
