CBEX resumes operations amid N1.2tn fraud probe

LAGOS – Despite an ongoing investigation into a massive N1.2 trillion digital trading fraud that reportedly affected over 600,000 Nigerians, embattled investment platform Crypto Bridge Exchange (CBEX) has resumed operations—reigniting concerns among regulators and financial watchdogs. Two traders told to The PUNCH on Wednesday that the digital trading firm, which abruptly collapsed on April 14,…

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SEC set to clamp down on social media influencers, bloggers promoting unregistered investments

The Securities and Exchange Commission (SEC) has warned social media influencers and bloggers against promoting unregistered investment schemes. SEC’s Director-General, Emomotimi Agama, gave the warning in a notice issued on Sunday in Abuja. He said the commission was working closely with the Economic and Financial Crimes Commission (EFCC), the Nigeria Police Force, and other relevant…

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