After losing N10 million to CBEX, famous Fuji musician Taye Currency of Ibadan responded. According to Naijatrial, investors were left high and dry when the digital trading platform CBEX went down, rendering them unable to access their funds even after logging out. The Singaporean firm that went bankrupt on April 14, 2025, stole N1.3 trillion from its investors.
During his most recent live performance over the weekend, Taye Currency addressed the situation and admitted that he had lost N10 million to the scam.
In a video that went viral online, Taye Currency detailed his experience with CBEX and cursed the people who had brought him to the company.
“I might get hypertension if I keep quiet,” he warned in Yoruba. Because I can’t keep it to myself anymore. My band manager, Lateef, recently received payment from CBEX, and Sodiq came to my house on April 1 to tell me about it.
Alaba invested the N1.2 million he pilfered from the stage, which Sodiq also introduced him to. Along with Sodiq’s N850,000 investment, brother Muca put in N500,000, lateef N1.4 million, and brother Muca N500,000. Creating a family of four.
They were the ones responsible for handling my funds. My N10 million investment in CBEX went down the drain on that exact day. Those of you who bring it up will not be pleased.
According to Naijatrial, the musician is the first well-known Nigerian to publicly acknowledge investing in CBEX.