Ponzi scams: CBEX crash highlights need for public awareness, investment regulation

They come with different names but their configuration remains the same, and every time Nigerians fall for them, losing millions of naira in the process. In this piece, OLUWAKEMI ABIMBOLA explores Ponzi schemes that promise wealth but deliver tears and heartbreak to unsuspecting clients “I was sure that CBEX was my breakthrough,” said Adekemi Fakoya,