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Nigerians fear savings lost as investment app freezes them out
People share videos of themselves crying, saying that they cannot withdraw their money on CBEX.
Angry Nigerians are turning to social media to describe how they have been locked out of their accounts on the digital financial platform, CBEX. Some furious customers ransacked a CBEX office in the south-west city of Ibadan, carting off chairs, air-conditioners and a solar panel. For some, the situation brings back painful memories from 2016 when another popular financial scheme, called MMM, froze its transactions, leaving many investors heartbroken.
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