Chaos in Ibadan as Furious Investors Storm CBEX Office After Platform Collapse

A wave of panic and anger swept through Oke Ado, Ibadan, as a group of disgruntled investors stormed the office of CBEX, a digital trading platform that recently collapsed, leaving many users with empty account balances and shattered hopes.

The situation quickly spiraled into chaos on Monday, as frustrated individuals forced their way into the company’s premises, looting furniture, electronics, and office equipment in a dramatic display of outrage. Videos captured by eyewitnesses have since gone viral on social media, showing the CBEX office being ransacked by a crowd demanding answers.

CBEX was marketed as a secure and transparent digital asset trading platform, attracting a growing number of investors who believed in its promise of high returns. However, users began raising alarm after noticing that their account balances had mysteriously vanished—a red flag that signaled the platform’s possible collapse.

With no prior warning or official communication from the platform, the silence only fueled fears of a fraudulent exit scheme.

“I invested everything I had. I woke up one morning, and my wallet was empty,” one devastated user wrote on social media. “No warning, no customer service response—just gone.”

Despite the growing online uproar and financial losses reported by users, law enforcement agencies and regulatory bodies have yet to issue an official statement. No arrests have been confirmed, even as questions mount about how CBEX operated without regulatory oversight.

Emerging reports suggest that CBEX may have employed deceptive practices, luring unsuspecting investors with flashy marketing, exaggerated success stories, and the illusion of a secure investment platform. Critics argue that weak regulations in the digital finance sector have left many vulnerable to these types of scams.

The collapse has sparked renewed calls for stricter regulation of digital trading platforms in Nigeria, especially as more citizens turn to online investments in search of financial stability.

As tensions continue to simmer in Ibadan and across social media, investors are demanding justice and transparency, hoping that their voices will prompt swift action from both the government and financial watchdogs.