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ponzi scheme

Senate Probes ₦1.3 Trn CBEX Collapse, Vows Crackdown On Ponzi Schemes

The Nigerian Senate has launched an investigation into Ponzi schemes, including the collapse of the Crypto Bullion Exchange (CBEX), which allegedly defrauded investors of over ₦1.3 trillion. The Senate’s inquiry, announced in late April 2025, comes after thousands of Nigerians found themselves

July 9, 2025

News

CBEX Crash: Investors Will Get Their Money Back, EFCC Assures

The Economic and Financial Crimes Commission (EFCC) has assured investors in the CBEX digital trading platform that they would recover their funds. The anti-graft agency said it would work hard to ensure that scammers are brought to justice and investors’ monies recovered.

April 16, 2025

Business

Imagine Global: Ponzi Scheme Operators, Ajetunmobi, Ordered To Pay Nigerian Victims N18.8 billion

The founders of investment firm, Imagine Global Holding Company Ltd and Imagine Global Solutions, Bamise Ajetunmobi and Elizabeth Ajetunmobi, have been found guilty of duping unsuspecting Nigerian investors. The couple were ordered by the Lagos State high court, Ikoyi division, to refund

July 15, 2022

Business·News·Top Stories

Court Issues Bench Warrant In N10.7 Billion Ponzi Case

The Federal High Court sitting in Lagos has issued a bench warrant for the arrest of one Joshua Adeyinka Kayode, a 22-year-old defendant who is standing trial for allegedly defrauding over 170 investors of N10.7 billion through a sham investment scheme. The

February 20, 2022

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ponzi scheme

Senate Probes ₦1.3 Trn CBEX Collapse, Vows Crackdown On Ponzi Schemes

CBEX Crash: Investors Will Get Their Money Back, EFCC Assures

Imagine Global: Ponzi Scheme Operators, Ajetunmobi, Ordered To Pay Nigerian Victims N18.8 billion

Court Issues Bench Warrant In N10.7 Billion Ponzi Case

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