In a shocking twist, controversial investment platform CBEX has resumed operations—despite an active ban by the Securities and Exchange Commission (SEC) and an ongoing EFCC probe involving over ₦1.2 trillion.
This unexpected comeback has stirred both excitement and concern among Nigerian investors, especially students and young people seeking alternative income streams. CBEX claims to have introduced new and improved withdrawal options as part of efforts to “restore investor confidence.”
But can a platform under such heavy regulatory fire really be trusted?
What’s Really Going On?
CBEX had previously come under fire for operating without SEC approval. The ban was followed by an investigation from the Economic and Financial Crimes Commission (EFCC), probing alleged financial misconduct involving ₦1.2 trillion in investor funds.
Yet, despite these issues, the platform has reactivated user dashboards and announced new withdrawal features. According to their latest statement, the new system promises a “faster and more reliable payout process.”
What This Means for You
While some investors see this as a second chance to recover funds, experts warn it’s far from a green light. Here’s why:
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Regulatory Status: CBEX is still banned by the SEC and has no legal license to operate investment services in Nigeria.
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EFCC Investigation: With trillions under scrutiny, the outcome could lead to freezing of accounts or arrests.
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Risk of Loss: If the platform is eventually shut down, those who reinvest now may lose even more.
Should You Reinvest?
Short answer: Think twice. No matter how appealing the new features sound, any platform operating outside regulatory approval is a major red flag. Trust isn’t rebuilt overnight—especially when ₦1.2 trillion is still unaccounted for.
Final Thoughts
CBEX’s return raises more questions than answers. While the platform insists it’s back to serve its users better, regulators and financial analysts advise the public to stay informed and avoid unlicensed platforms. If you’re considering putting money into CBEX again, ask yourself: Is the risk really worth it?
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