April Top Scoops In Nigeria
BY- EGUNGWU CHUKWUKA BENJAMIN ✓ The CBEX SCAM: Red flags and Lessons B arely a few days after the Director General of the Securities and Exchange Commission (SEC), Mr. Emomotimi Agama, revealed in an interview on Arise TV that the new Investment and Securities Act (ISA 2025), recently signed by President Bola Ahmed Tinubu, empowers the commission to arrest and prosecute promoters of Ponzi schemes in Nigeria, with at least 10 years' imprisonment, the month of April brought pains and tears dripping from the eyes to the cheeks of people who invested in CBEX, organized under ST Technologies International Limited, which was said to be registered with the Corporate Affairs Commission (CAC) and was even listed with the Economic and Financial Crimes Commission's (EFCC) Special Control Unit against money laundering. This well-coordinated scam became well-known after its crash, as it was revealed by the victims that they were lured into investing in the scheme with high returns after 30...