
Senate probes ponzi schemes, CBEX collapse
Nigeria – The Senate has launched a comprehensive investigation into the operations of Ponzi schemes in Nigeria, with specific reference to the recent collapse of the Crypto Bullion Exchange (CBEX), which reportedly defrauded Nigerians of over ₦1.3 trillion (approximately $847 million). The resolution followed a motion sponsored by Senator Adetokunbo Abiru (APC, Lagos East), and…