Chaos as angry Youths loot CBEX Office in Ibadan

A crowd of angry Nigerians stormed the office of CBEX, a digital asset trading platform in the Oke Ado area of Ibadan, looting everything in sight after the company allegedly locked users out of their funds.

Several videos making rounds on social media showed furious youths destroying the office and carting away items in protest of the loss of their investments.

Many of the affected investors claimed they could no longer withdraw their money, leaving them financially stranded.

The looting followed reports that CBEX had shut down operations without any prior notice, a move that left many users unable to access their funds.

The platform’s sudden closure triggered outrage from those who had trusted the company with their savings.

Eyewitnesses described the scene as chaotic, with some residents watching in disbelief as people broke into the premises, venting their frustration.

As of now, there has been no official statement from the management of CBEX regarding the shutdown or the incident at their office.

More to come