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Police, Amotekun Take over CBEX Office in Oyo as Online Platform Crashes

This action followed the invasion of the online financial platform by some customers on Monday evening, allegedly over the loss of investments running into millions of naira.

Emmanuel Babs by Emmanuel Babs
April 15, 2025
in Highlights, News, Top News
0
CBEX: Nigerians Lose N1.3tn as Digital Trading Platform Crashes

Members of the Nigeria Police and Western Nigeria Security Network, codenamed Operation Amotekun, took over the CBEX office at Oke-Ado in Ibadan, Oyo State, on Tuesday.

This action followed the invasion of the online financial platform by some customers on Monday evening, allegedly over the loss of investments running into millions of naira.

Investigations revealed that the platform crash was announced on Monday, hence the reason some angry investors invaded the company and carted away some valuables.

It was further learnt that scores of Ibadan residents have invested millions of naira in the online platform.

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Our correspondent, who visited the area on Tuesday, observed that patrol vehicles belonging to both the police and Amotekun were strategically stationed in the area.

An eyewitness said that, “The crash of the online platform was announced yesterday (Monday). That’s what prompted many of those who invested in the scheme to storm the office to express their displeasure.

“As you can see, some security agents have been stationed at the office in order to prevent breakdown of law and order.”

 

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Tags: AmotekunCBEXPolice
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