The CBEX Scam in Nigeria is stirring outrage as citizens question why regulatory bodies like the SEC and EFCC allowed it to escalate unchecked. Popular blogger Mazitundeednut voiced the frustration of many, stating that if the regulators had done their jobs, CBEX would never have gotten this far.
This alleged crypto-related scam has left several Nigerians in financial distress, fueling accusations of negligence and complicity against the very agencies tasked with protecting citizens. The CBEX scam in Nigeria now serves as a painful reminder of the urgent need for stricter oversight in the financial tech space.
As pressure mounts on the EFCC and SEC, many are calling for a full investigation and justice for victims who invested in what they believed was a legitimate opportunity. If anything, this situation highlights the growing vulnerability of Nigerians to online financial traps.
