NewStats: 3,259,470 , 8,170,208 topics. Date: Sunday, 25 May 2025 at 07:22 AM w3h1l6z3e3g |
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dealhunter: Exactly! Seun needs to more in this regard. Scammers shouldn't be allowed here to prey on gullible Nigerians. I also hope that the EFCC can also send in undercover agents in here to track these guys down. They all deserve jail time. 1 Like |
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Jb95: Daft ke?! They all know exactly what they are doing. They usually work together as a team. I can bet it with my life that the OP is part of the scam. Every ponzi needs foot soldiers to survive and the foot soldiers are often well rewarded. |
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coolcharm: I'm sure the OP is one of their lieutenants used to woe gullible but greedy Nigerians. In a saner society, the EFCC would have tracked him down by now. |
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EmmaxKeys: I pray and hope the EFCC will come for him soon. I am sure he is one of their foot soldiers. Ponzi is a elaborate scam. |
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18.04.2025 Featured The Names, Faces Behind CBEX Scheme Published 18th Apr, 2025 By Sodeeq Atanda What started as a quick way to make money without rendering any corresponding economic value ended in losses, tears and silent regrets for many people who invested in CryptoBridge Exchange, a fraudulent investment scheme known as CBEX. Reports filtered in from different sources that the pyramid scheme had crashed in April. Some investors initially doubted the crash until they were no longer able to access their profile dashboards, indicating that they had been locked out without notice. Cumulatively, it is estimated that the scheme bankrupted its believers and subscribers to the tune of N1.3 trillion. Following the crash, the Economic and Financial Crimes Commission (EFCC) started investigating the scheme and its promoters, promising to retrieve the victims’ funds. On Thursday, the Securities and Exchange Commission (SEC) also publicly stated that the scheme was unlicensed and had no permission to participate in the country’s capital market. “The Commission hereby clarifies that neither CBEX nor its s were granted registration by the Commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market,” the SEC stated on X. “Preliminary investigations carried out by the Commission have revealed that CBEX engaged in promotional activities to create a false perception of legitimacy, in order to entice unsuspecting of the public into investing monies, with the promise of implausibly high guaranteed returns within a short timeframe. CBEX has failed to honour withdrawal requests from their subscribers and abruptly closed their physical offices, amid mounting complaints.” Using the available information about CBEX, FIJ tracked some individuals who have publicly identified as leaders and promoters of the fraudulent scheme. OWNERS AND PROMOTERS OF CBEX In Nigeria, CBEX operated as an or subsidiary of ST Investment Co., Ltd owned by 55-year-old Harold David Charles, a Briton. The company partly launched itself into Nigeria and the people’s consciousness through media publications between January 27 and 28, burnishing Charles as a thoroughbred investment expert and wealth manager. The publications have been archived here, here and here. About the relationship between CBEX and its partner, the cross-published report stated in part, “It is worth mentioning that ST Investment Co. Ltd has also established an important strategic partnership with CryptoBridge Exchange. With his forward-looking strategic vision, Harold David Charles promotes cooperation between the two parties to provide investors with a safe, efficient and transparent digital asset trading environment.” CBEX was not a ed entity but it was floated by ST Technologies International, which was ed with the Corporate Affairs Commission (CAC), and issued an anti-money laundering certificate with registration number SC 251514550 by the EFCC’s Special Control Unit Against Money Laundering (SCUML) on January 26. Its other s were Smart Treasure and Super Technology. Notably, one thing that is consistent about these fictitious companies’ names is the initials S.T. Behind the dubious crypto exchange were individuals like Adefowora Abiodun and Oluwanisola Adefowora, both leaders and representatives of CBEX, respectively. Given the similarity in their names, it is suspected that these individuals were either siblings or a couple. Other persons associated with CBEX included Seyi Oloyede and Emmanuel Uko, who were identified as . On February 10, Abiodun led his team to open a CBEX office in Abuja, saying, “I am introducing this platform to you again. It is called ST CBEX platform where we trade every day, we make money and we live a good life. We encourage our people and we also bring people onboard so that you need to make money [alone], you don’t need to live a good life [alone]. Tell people about it. Let people know, let them come onboard and enjoy life.” More than two months earlier, exactly on November 30, the promoters of the suspicious platform had organised a scantily-attended seminar in Lagos, encouraging the audience to bring their “friends and enemies” to sign up, abandon salaried jobs and earn a month’s salary in a day. Victor Solomon, whose name was displayed in a video report as the team lead, did not respond to a text and WhatsApp chat sent to him on Thursday. On Thursday and Friday, his phone line failed to connect. FIJ’s found that, aside from organising glamorous seminars in expensive hotel halls and at roadshows, dispatching agents to bring in new subscribers, CBEX’s promoters, they sponsored other programmes including a school inter-house sports, a strategy aimed at gaining people’s confidence in the scheme. Temitayo Oke in the middle, flanked by his team at sports competition held in the school on February 10. According to its Facebook page, CBEX’s promoters got a “Yellow House” named after the scheme by the management of MAXFEM International Schools, Alagbado, Lagos, at the school’s February 10 inter-house sports competition. Speaking with Olufemi Stephen Oguntola, the school owner, on Friday, he said he never knew about CBEX until a friend linked him with Temitayo Oklet (Temitayo Oke), a key promoter from Ibadan, Oyo State. “A friend of mine, who knew we were yet to get a sponsor for our Yellow House, connected me with Temitayo, and we agreed on N400,000 as a sponsorship fee. He paid it through my friend,” Oguntola told FIJ. A group photograph of the students in the “Yellow House.” Source: CBEX/St Crypto Investment on Facebook. “He told me that ‘ST CBEX House’ was their preferred name, and that was why we wrote it on the children’s sportswear. I had never seen him until the competition day and after that day, I have not seen him again. When I heard of the problem, I called him several times but he ignored my calls.” Asked whether he did any due diligence on CBEX before accepting the sponsorship, Oguntola responded in the negative. “I did not do any background checks. I accepted their offer because a friend of my mine was the link between us. He also invested in the scheme and lost about $10,000, with the exception of the subscribers d with him,” Oguntola said. Oke’s phone number was not connecting at press time. He did not respond to FIJ’s text and WhatsApp chat requesting his comments. https://fij.ng/article/the-names-faces-behind-cbex-scheme/ Foundation For Investigative Journalism Email: [email protected]
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Unrated900: I can't really blame her. You could've done the same. Whether as siblings, friends, neighbours or business associates, entrusting a fellow Nigerian with N4m is an extremely risky move. 1 Like |
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Omooba77: How could you have missed Integral Ads Science (IAS) that scammed Millions of Nigerian just last year? The fraudsters even paid for an advert time on Nigeria Television Authority (NTA) to fool gullible Nigerians. 😃 |
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Utanisco: Shame on you! Don't people die in Nigeria? |
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nnanyelugo1: What is Declaration of Commitment? |
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SmartPolician: Between Atiku and Obi, who will be the presidential flag bearer? |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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TimeManager: Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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[quote author=Teejay2033 post=134466849][/quote] Nigerian Muslims are the most intolerant in the world. They love to give what they can't take. They thought President Tinubu’s Muslim-Muslim ticket would give them the power to subdue everyone, but they had failed. Nigerians of other faiths and creeds will defend their lives and those of their children with everything they possess. Last year, they stopped an Isese woman from celebrating the Osun festival in Ilorin. They threatened to kill her and even burned her house. A few weeks ago, they placed banners on the walls of the Lekki Central Mosque and the Akure Central Mosque to provoke Christians. They also attempted to introduce full Sharia law into the Southwest. A few weeks ago, the Emir of Rano threatened Christians, demanding they stop praying in their own homes. Just last week, Kebbi, Katsina, Bauchi, and Kano states closed all schools, including Christian schools, during Ramadan, using Hisbah to enforce the illegal closures. The writing is on the wall for all to see—Nigerian Muslims want to subjugate everyone else. They seek complete dominance. These intolerant groups aim to drive every other faith into extinction. |
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Justabdul1: |
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Speedaf Courier's customer care service never responds to messages. In my experience, Speedaf Kano is the worst of all courier services in Nigeria.
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Teetee777: Does it means that onions are planted twice yearly? |
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I witnessed the online auctions live, and unfortunately, they were largely unsuccessful. Except for i-naira, the other platforms were marred by fraudulent and mischievous activities from the outset. Several issues arose, including the failure of three websites to bidders, unreasonably high minimum bids on some platforms, and intentional blocking of bidders on others. Almost all platforms, except i-naira, suspiciously shut down their websites shortly before 4 pm. Fortunately, some winners were prudent enough to document evidence through photos and videos. In light of this debacle, I demand that all auctioneers involved be thoroughly investigated and held able if found guilty. Going forward, I recommend that future EFCC auctions be handled companies with good tract records and exclusively by those with advanced websites capable of accommodating millions of bidders. Finally, the following fraudulent companies should be prevented from handling auctions for any government agencies: https://auction.nigeriatradehub.gov.ng/index.php https://auction.kamyusconsult.ng/-auction https://kili.ng/index.php/auctions/page/2/ https://bids.auctionplus.ng/product-category/unserviceable/ https://rihago.com/listing/futureauctions?page=2 https://fssauction.com/shop/index.php https://richmate480.com/ https://www.lansaraghajiandco.com/ https://auction.mauandbrothers.com/live-auction https://kurra.ng/my-/ https://pscinternational.ng/ https://usbua.ng/auctions/page/5/ https://fagobe.com/live-auction https://areogunresourcesnigltd.com.ng/ https://biznjeg.ng/product/hyundai-mini-bus/ https://aiksonnwankwo.ng/-auction The only genuine auction site from my experience was: https://auction.i-naira.com/BidRoom |
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Elmuktari: The Southwest was undoubtedly the most developed region during the era of regional governance. Despite the absence of oil reserves, the region thrived. Therefore, it's perplexing to suggest that the Southwest would suffer if Nigeria were to break up. Our greatest asset has always been our exceptional human capital, not natural resources such as oil or gold. |
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PriceActionZ: Exactly! The case is already in court, and by all indications, Lagos and Rivers states will win. Every state government should look inward and stop depending on others. Also, I hope President Tinubu will increase the 13% derivatives for host communities to 40%. It's essential that every state starts looking for alternative solutions. This is how to restructure the current system, where some states prioritize building mosques over factories. Instead of sponsoring pilgrimages with public funds, they should invest in training programs. President Tinubu, seems to get this one right, and I hope Southerners will this bill wholeheartedly. 1 Like 1 Share |
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Omooba77: Atiku will never attain the presidency. Insha'llah! He is pro-North and anti-Nigeria, as well as anti-progress. How fair is the present system where resources are shared based on population and land mass, rather than derivation? If the South allows this bill to die, our children will curse us in the future. |
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marvelck: "Money is nothing. But without money, you can't get the women you want, and the women you want are the ones who cost a lot of money." ~Aristotle Onassis 1 Like |
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Sections: How To . 93 Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland. |