By A group of furious individuals stormed the CBEX office in Ibadan’s Oke Ado area on Monday evening, looting furniture and equipment after the digital trading platform reportedly collapsed, leaving many investors in financial ruin.
Eyewitnesses reported that the mob broke into the premises and took off with office items including tables, chairs, and couches. The incident caused panic in the neighborhood as onlookers gathered to witness the chaos unfold.
The unrest was reportedly sparked by the sudden crash of CBEX, a digital investment platform, which allegedly wiped out the balances of many users, leaving them with nothing in their accounts. Some victims claimed they lost their entire savings.
Social media was flooded with posts from distraught investors sharing screenshots of their empty accounts and videos of the looting scene. One viral video showed dozens of people removing items from the office in broad daylight.
As of Monday night, the authorities had not issued an official statement on the situation. It remains unclear whether any arrests have been made in connection with the incident or the alleged financial collapse.
The incident highlights growing concerns over unregulated digital investment platforms operating in Nigeria. Many are now calling on regulators to step in and protect users from similar losses in the future.
