NewStats: 3,264,087 , 8,182,557 topics. Date: Monday, 09 June 2025 at 03:52 PM 3u465j6z3e3g |
CBEX Scam: Folly Of Greed - Punch Editorial (7937 Views)
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iwaeda: 9:50am On Apr 24 |
ONCE again, another cycle of financial anguish has been repeated in Nigeria. The collapse of the so-called Crypto Bridge Exchange has left over 600,000 Nigerians devastated, with N1.3 trillion disappearing overnight. The masterminds of the latest Ponzi scheme-gone-bust have vanished into thin air, just like the promises they made, leaving tears, sorrow, and regret in their wake.https://punchng.com/cbex-scam-folly-of-greed/ 10 Likes 1 Share |
VillageOracle00: 9:51am On Apr 24 |
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Watianoengineer(m): 10:01am On Apr 24 |
The only key to financial freedom is hard work. Betting, ponzi and other funny schemes can only guarantee you continuous loses.
28 Likes 1 Share |
santaclaws: 10:02am On Apr 24 |
Nice editorial! I can never pity anyone who loses money in a ponzi scheme... To me, they are all fraudsters.
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ppogba: 10:02am On Apr 24 |
Greed is an honorable word. Rather it is stupidity. Is it not amazing that people are poor and stupid at the same time? 9 Likes 1 Share |
free2ryhme: 10:03am On Apr 24 |
iwaeda: They will fall again for the next scam. This I know. 6 Likes 1 Share |
jiz: 10:03am On Apr 24 |
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SEGLIZ: 10:04am On Apr 24 |
these people are better off the greedy ones that steals and stack our money in septic tanks to rot then destroy it, only to repeat the circle over and over again. mercyland93:how did they arrive at those figures without an audit? does mean they've being following it up and collating just waiting for it to fail. with their figure it means an individual invested 1.6 million each. 1 Like |
jiz: 10:04am On Apr 24 |
Motivational speaker ![]() Watianoengineer: 3 Likes 1 Share |
Jagabanarmy: 10:04am On Apr 24 |
iwaeda:No sorry for greedy people.. greedy people fall for scam easily so I'm not surprised 1 Like |
Ben147(m): 10:05am On Apr 24 |
Okay
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Sapeleboy911(m): 10:05am On Apr 24 |
Greed and desperation are the greatest weapons of a fraudster. No matter how cautious we are sometimes our greed gets the better part of us. Cbex is gone cut your losses and move ahead.
2 Likes |
motymop: 10:06am On Apr 24 |
Watianoengineer: So you think betting and all other schemes do not need hard work to be successful in them 3 Likes |
motymop: 10:07am On Apr 24 |
Sorry, you need some form of greed to be successful financially in life
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mercyland93(m): 10:07am On Apr 24 |
So people still have enough to put in cbex despite economic conditions. And they will be shouting that they have nothing to eat.
3 Likes |
virginboy1(m): 10:07am On Apr 24 |
As many got burnt in this Cbex thing...there are few people that cashed out... ![]() From 2015.There has been a strong wave of a societal malware in the country...Almost every one want to make money either legitimately or illegitimately. The goal is to make it any how any how. since the society kind of worships and respects those with money, Irrespective of how you make it.... ![]() Create a thread on how to make money...you see bulk of the comments replica to ventures that are related to Cbex. 1 Like 1 Share |
Pacesetter123(m): 10:08am On Apr 24 |
Well scripted!
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AerialMapper: 10:09am On Apr 24 |
What people need to realise : Being ed with CAC doesn't confer legitimacy, as long as your Memorandum of Articles doesn't contain prohibited activities, they'll you. Having a SCUML certificate means nothing. Once certain keywords or business ventures are listed in your Memart, you will be required to for SCUML in order to have a bank . EFCC does nothing more that sit you down for a lecture, a director signs and your certificate is issued. Even being ed with SEC means nothing! These are the regulatory body for capital market operators but even ing with them doesn't guarantee you that you are dealing with genuine market operators. They will not protect your investment. In the end, you only have your brain and commonsense to guide you. Once it sounds too good to be true, RUN away! Even the safest investment,l which are treasury bills backed with the full faith of the FG cannot give you 100% in 30-40 days! No business venture can do this and even if they could, ask yourself why they aren't just turning over their own funds and enjoying the wealth themselves! End of comment 19 Likes 3 Shares |
Starboytwo(m): 10:09am On Apr 24 |
I no even notice say anything like Cbex dey exist.
7 Likes |
whytediamond(m): 10:10am On Apr 24 |
Starboytwo:same here o 3 Likes |
bigdammyj: 10:11am On Apr 24 |
Reading...
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icekalito(m): 10:11am On Apr 24 |
Nigerian current government is a Ponzi scheme
3 Likes |
frankblinkz(m): 10:12am On Apr 24 |
Otilo
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doyin01: 10:13am On Apr 24 |
Watianoengineer: I agree with your last sentence.., but that bolded sentence is a very big lie , if Key to financial freedom is "hardwork" e.g many bricklayers should be rich by now , e.g those typical aboki cart-pushers should be rich by now ..e.g those lawma workers should be rich....financial freedom is not created by hardwork, it is created by smartwork which starts from the grace of God..some people are in air-conditioned office doing less than 2 hours of work daily yet they make money even while sleeping while some okada riders work hard from morning till night yet they cannot boast of millions in their bank .. or that one is not hardwork enough ?? 12 Likes 2 Shares |
Walai(m): 10:16am On Apr 24 |
A country with very low IQ a little above that of chimpanzee. Look at the choices they make during election. Accepting 10k for 4 years of suffering. Take a look at their values celebrating impunity and criminality over hard work and integrity . A country whose youths think using people for rituals and mining skvlls of dead bodies will bring wealth. A country where the average girl prefers prostitution now code named hook up to learning a skill and working hard to live a meaningful life It's all fvcked up here. 9 Likes 1 Share |
Arlee: 10:17am On Apr 24 |
Buhahahahaha Who read this "they used buzz words -crypto,forex trading and ai -WHICH MOST NIGERIANS BARELY UNDERSTAND, TO LURE VICTIMS" This sums up the problem of an average Nigerian, Greed + ignorance = constant failure. But,wait,what's really the difference between ponzi and tithe? 2 Likes |
Usmanovic95(m): 10:21am On Apr 24 |
The fact that alot of Nigerians are still paying the Cbex organizers amount ranging from $100/ $200 to retrieve back their funds shows we have a high number of stupid people per sq meter.This shows the core problem is not just poverty and greed, stupidity is also an issue.This is why keep recycling same set of underperforming leaders every election season.
8 Likes 1 Share |
Anguldi(m): 10:30am On Apr 24 |
Usmanovic95:LWKMD 😅😂🤣 2 Likes |
omojeesu(m): 10:31am On Apr 24 |
Govt may respond with policies to block real and perceived holes for floating money for re-chanelling into government coffers and other holes behind the treasury. If this happens may it not be Ole gbe! Ole gba! |
Honestey: 10:33am On Apr 24 |
If you think CBEX has done enough to end Nigerians financial stup!dity you are deceiving yourself. Another scam is ongoing and the same set of mumus will soon start borrowing money to waste on it
5 Likes |
Lexusgs430: 10:33am On Apr 24 |
Greedy..... Greedy..... Greedy..... 😜🤣😂
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Clean2016: 10:35am On Apr 24 |
There's PCEX also that has stolen people money but somehow people are quiet
5 Likes |
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