Popular Nigerian Fuji musician, Taye Currency, has revealed that he lost ₦10 million to the controversial CBEX Ponzi scheme.
Speaking during a live stage performance, the Fuji star disclosed that he was introduced to the scheme by some friends on April 1st. According to him, the persuasion led him to invest ₦10 million from his insurance account into CBEX.
He did not hold back in naming those he held responsible, saying, “Sodiq, Small London (Alaba), Lati, and Boda Muba” were the ones who misled him into the failed investment. In a fit of anger and disappointment, the musician publicly placed a curse on them for causing his financial downfall.
“I put a curse on all of you,” he said during his performance, expressing the emotional and financial toll the scam had taken on him.
The CBEX scheme, which attracted thousands of Nigerians with promises of high returns, has reportedly collapsed, allegedly wiping out over ₦1.3 trillion from individual accounts. Many victims, like Taye Currency, are still reeling from the massive losses.
Financial analysts and concerned citizens have continued to react to the situation. Some have criticized the actions of those who fell for the scam, attributing it to a culture of get-rich-quick mentality. “This is pure greed,” one expert commented. “Many Nigerians keep falling for these traps in the hope of overnight wealth.”
Unfortunately, this incident is yet another in a long list of Ponzi schemes that have ravaged the country over the years, defrauding innocent Nigerians of their life savings.
