₦airaland Forum

Roland17:
The guy is very stupid. The lady made the wrong decision to surprise baby daddy, not husband sef but sending her away, especially with your own child because of another banny is all shades of wrong.

If she arrived late and considering the stress of the journey and for the sake of your own child, he should have camped them somewhere else.. a friend’s or family if he can’t afford a hotel. What am I even saying? Your own child follow come!

His decision makes absolutely no sense. I hope his decision is worth the life of his own blood, if we choose to be indifferent about the baby mama.

I agree with you the guy's decision was rash, but I need to clarify that nowhere in the story flying all over the internet did they mention the time of the day the lady was sent away. It wasn't mentioned if it was late or early in the day.

I also don't know the kind of relationship that existed between the baby mama and the lady. I don't know if he still kept her as potential wife or he has moved on away from her and she's trying to make him stay. Sometimes these things are really really complicated. I will use one of my friend's case for example.

A friend of mine had a child from a lady. They dated for couple of months then she informed him about pregnancy. He told her to terminate , sent her money which she acknowledged and claimed she had done as he suggested.(He didn't want to end up with her because in the course of their few months relationship he noticed she was violent) They didn't have any form of contact for months only for a mutual to both of them when the going was good to see him and tell him his ex-gf is very heavy and will soon be due. It was then he knew she didn't abort.

He then made attempt to see her and during their meeting he confirmed it is still the same pregnancy. She delivered a month after the meeting and he had no choice but to take responsibility since he knew he was the father. He cleared the delivery bill and also organized a naming which took place at his parent's place.

Now where I'm going is my guy had already moved on since they broke up initially and already had another relationship he hoped will lead to marriage. Because he sends money to the baby mama regularly for the upkeep of the baby, the baby mama's mother is nursing the idea of her daughter still ending up with him. Each time he goes to their house to see his baby, she always talks in parables and making suggestive statements. However, my guy and his baby mama knows he's moved on past their old relationship.

Imagine if the baby mama now suddenly shows up at his house with the intention of rekindling their old love despite knowing he has moved on with someone else and he turns her back? I'm sure the baby mama will leave immediately with their child she brought along. It will seem his decision is rash to an outsider who don't really know the complications of their relationship.


PS: I detest the whole baby mama vs baby daddy culture that is now rampant nowadays because it always makes the child suffer.

CrystalTiger:
But what is wrong with those Benue and Plateau indigenes ffs?..Is it when they're totally wiped out, that they'll think of something to do for themselves..Over 120 bodies across the two states..

Government is obviously not coming to anyone's aid as far as insecurity is concerned so I don't know what they're still waiting for to defend themselves..

I don't think this whole Fulani militia vs Plateau & Benue people matter is as simple as people are looking at it.

To me this is more of an invasion and attempt at land grabbing. It seems all these attacks is to really kill as many people as possible and then drive the few surviving people away from their ancestral land. After a little while, the people who sponsored the genocide will have their own people occupy the land while no one is watching any longer. That is the more reason the federal government and it's security agencies need to take what is happening there serious.

A friend whom we served together that happens to be from Plateau told me back then that is the modus operandi of the Fulanis in their side. Once u accommodate them as nomads rearing cows in your community, they start looking for ways to take over the whole place after sometime. The fact that they don't even build any serious edifice but just tatched huts makes it obvious they have little or noting to lose when the violence begins. Once u burn those huts in retaliation to their attacks, they will go hide in the forests and start invading the town frequently to carry out killings until they make the whole place inhabitable for you.

I don't think the people can do much in defending themselves; there's not much u can do when Ur opponent is bearing automatic machine guns while all u will have access to won't be more than hunting guns.

The government needs to be serious about dealing with any so called herdsmen bearing automatic weapons all in the name of protecting their cows from rustlers. This is the stupid line of reasoning even some elites in the north always put up to justify why a fulani man can beat arms freely and others can't. I watched a video showing a female law maker making a very reckless and fooolish stament that God created the Fulani man to love his cow more than his fellow human being; so he will always do anything it takes to protect his cow. Crazy thing is she made the statement on the floor of the national assembly 🤦‍♂️

😂😂😂

afrodoc2:
You hear "maje ko ti lana NISIYIN". Hehehe.

They all know what they are doing.

Yeah, he actually knew it would crash. People that know him claimed he won't really be affected that much cos he made a whole lot of money while it lasted.

Na all the new entrants go cry blood

Olorun wo Ọlá Mecca tí a wà yí, wo ọlá Kaaba, Ọlọ́run jẹ́ kí CBEX má lọ sókè sí.....májẹ ko ti lana nisin yi. 🤲📿

Olohun wola Mecca 😭😂 https://t.co/PuHQJVyPCt pic.twitter.com/9Zx9rTA5XR

— Mally (@MrBaymal) April 14, 2025

sleekdot:
Logically NO
Sentimentally YES

The same thing I think. The whole tragic nature of her death got a whole lot of sympathizers emotional and trying to imagine what could've been.

On April 5 , about 18 people died in a multiple accident along Ikorodu-Sagamu expressway. Amongst those who died was a lady and her young daughter.

I've been seeing people online cussing the lady's baby daddy and blaming him for "killing her". So, the story online is that the lady left Ibadan with her daughter to Lagos with the intention of paying her baby daddy a surprise visit in Lagos (I think).

Instead, the deceased lady was surprised when she got to her baby daddy's house and met his other/new girlfriend. The guy chastised his baby mama for coming to visit him uninvited and turned her back along with their daughter. He asked her to return to Ibadan with their daughter immediately which she had no choice but to comply with.

On her way back to Ibadan, she was involved in an accident and ended up being amongst the 18 people that died in that accident.

All over TikTok and other social media platform people have been making videos and dropping hate comments cussing out the guy. Some even mentioned his full government names; going as far as saying "He will never hear the cry of a baby in the home he eventually builds with his future family ".

My question is: Did the guy really killed her as it is being alleged? Does he deserve the hate he's getting over the lady's tragic death?

afrodoc2:
I just pity that presenter wey dey use Queen's Yoruba hype them. Na him dey go first carry go police station.

Hahahahaha

I just had to go back and watch the studio video again; the weyrey presenter still dey do play on words " Eti mo wipe ipile ola , ola; ola...ola "

If people wey lose money grab that presneter guy ehn..

afrodoc2:
Yeah, got that. You are right they are in the minority. I just felt the woman in that video does not fall into that category.

Meanwhile, one manager at OSBC might be sweating and quaking in his/her boots now. There are questions that need answering.

Omo, the senior management of the station would've already had an earful from the DG or whoever is the political appointee heading the station. They will be somewhere now hoping the victims will face CBEX directly and not come for them.

I learnt over $800m was transferred by the people behind the CBEX platform to a particular crypto wallet before all CBEX accounts enter 0.00 . These CBEX people really eat good from this scam o

afrodoc:
Exactly what I am trying to tell Blue.Ray.Dick.

Madoff is a very good example. People with top business acumen fell for what defied their own logic, mainly because of their greed.

I agree with the greed side 100% . I only said there are also people who are just ignorant(who are usually in the minority) and lack what it takes to know somebody promising u double of ur investment is a scammer.

raumdeuter:
Na wetin carry me enter Nospecto, wealth solutions, club freedom in 2006 to 2007. When I go reach office and intelligent people even smarter than me are talking about how they are cashing out

I was now wondering that shey na like this VI and Island people dey make money and become millionaires and flenjor while we Egbeda and Oyo people will still be saving money under pillow and cursing govt

Na the ignorance I dey talk about be this .

afrodoc2:
This one you showed me is greed o. Talking about x 2 her money and things like that. Someone as financially illiterate as her who has no urge to magically double her money overnight would not do it. Was this woman not on earth during the recent MMM era. If you investigate deeply, the same way her neighbor advised her to do it, that is the same way some people around her would have advised her not to do it, but her greed won the day.

If she was financially literate, she will know there's no legit investment that can ever offer 100% ROI(At least not in an economy like Nigeria's). It's just that simple bro.

Afrodoc this is one of the ignorant people I was talking about. If this person had financial literacy she won't "invest" the little savings she had remaining from her hustle in Libya.

A woman who invested her life savings in the CBEX scheme waited at the gate of the office, distraught over losing all her earnings from Libya to the scam. pic.twitter.com/A2f5nlQ9PS

— TVC News (@tvcnewsng) April 15, 2025

izzou:
[color=royalblue]I am very happy your example is from 2013.

Are there recent cases of these happening? Most likely no, because they have learnt as they moved on.

But year in year out, we keep seeing these things play out. Anybody can just wake up and do anything, because the government will not come after you at all.

SEC needs to do more than warning people. There should be serious consequences if you try to create all these ridiculous platforms as investments.[/color]

I posted evidence of EFCC arresting Ponzi scheme operators as recent as March 2025. But for real what is the entire workforce of EFCC that they will be able to clapmdown on all ponzi schemes?



SEC can only come out to tell u whether an investment platform is duly registered with them or not.

izzou:
[color=royalblue]CBEX had offices. It's not like this scheme appeared overnight. It had been existing since last year. What stops the SEC from closing their offices and declaring Fatwa on them?

I am not blaming SEC. I am simply saying we should be proactive

CBN blacklisted some loan apps one time like that. They didn't have to wait till millions of Nigerians get caught in that web. They simply blacklisted them and made the place sane.

We need to make the country sane. If any Investment platform suffices, the SEC should do well to warn, and fish out those who are responsible for it.[/color]

There are several ponzi schemes springing up on a daily basis, we only know of CBEX because the promoters made a big bag.

People too should shun these ponzi schemes abeg. EFCC who have the job are actually going hard on these guys but Nigeria is a big country there's not much they can do to clamp down on them.

afrodoc2:
Yes, you are right that ignorance might be a factor in some cases, but in most cases, greed is the major reason. A small subset of people might be ignorant, but most people can't hide under that excuse.

How man Nigerians can still claim not knowing what Ponzi schemes look like after witnessing Umana Umana, Nospetco, MMM etc. Even an ignorant person who is not greedy would not fall victim cos it will sound too good to be true.

Greed is the essential ingredient needed to fall victim.

Yes greed takes the larger blame , only few victims are truly ignorant.

Like the ones that would listen to the OSBC program is posted the link up there and swallowed the CBEX lamba sold to them in Yoruba language on a radio program they have come to trust as always giving them authentic gist .

You may need this video if you put your money in Cbex, These are the real promoters pic.twitter.com/ZqBsDksscu

— Sela (@S3L4DEEN) April 15, 2025

So they actually advertised the CBEX ponzi scheme on a government owned radio station in Osun state? 😲

iamoyindamola:
How many of these guys have been procecuted in nigeria

Several o, I dey always see EFCC dey post about some of them being prosecuted. It's just that most of them are not the popular and well known ones.

This is one of them :

https://www.efcc.gov.ng/efcc/news-and-information/news-release/10778-efcc-arrests-28-suspected-ponzi-scheme-operators-in-minna

iamoyindamola:
Ponzi i just like drug addiction, the way govt aree very active to clamp it down they should be able to do so in ponzi

In response to izzou's point about it happening in the USA and their authorities acting swiftly , I came across a CNN post about the biggest ponzi schemes in America. The link is provided below:

https://edition.cnn.com/2021/04/24/business/famous-ponzi-schemes-generation-hustle/index.html

A particular one caught my interest and buttress my point that there's not much regulators like SEC in Nigeria can do. R. Allen Satnford masterminded a 20 year old ponzi scheme that duped over 30,000 investors before he was nabbed and sentenced to 110 years in prison.The guy made a whopping $7 billion while it lasted

If almighty America no fit do much within that 20 years his scheme lasted, wetin Nigeria's SEC wan come do?

Texas tycoon R. Allen Stanford masterminded a 20-year scheme via his offshore bank in Antigua, cheating almost 30,000 investors from more than 100 countries out of billions. The scam involved fake certificates of deposit, and prosecutors accused Stanford of funneling funds into his personal interests, including real estate and cricket tournaments. In 2012, Stanford was sentenced to 110 years in federal lockup.

izzou:
[color=royalblue]SEC should also be proactive.

Once you get any hindsight of a Ponzi, clamp down on it. Make the country sane. No be just to issue warning as if running a fraudulent scheme is not against the law

If I launch CBEX for USA, before I go even scam one person, dem don lynch me.[/color]

How will SEC clamp down on CBEX for example.

From the little I've read about the ponzi scheme, they have an app which people voluntarily register on and put their money on it. Shey SEC will pay hacker to hack the app ni or what ? What is the budget of SEC that they will spend substantial part of it doing radio jingle and TV adverts warning people every eke market day that a new ponzi scheme springs up?

As of this morning I don dey see people talking about another one that is still paying called PCEX or something like that.

SEC has always warned people about wonder banks and ponzi schemes. I won't blame SEC on this at all.

afrodoc2:
It is not really about lack of financial education but about innate greed and predilection for flouting rules and regulations. Nigerians always believe they are too sharp and can exploit the system. That is why even those that know it is a Ponzi scheme and doomed to fail, will get involved hoping to pull profit from it and exit before the roof collapses.

You are not wrong when say greed is one of the major reasons a lot of people get sucked-in on ponzi schemes, but you also should know that greed is not the only factor.

There are different categories of people who fall for ponzi scheme. There is a particular set of people who really don't know much about anything finance and investing. For example there are Alaba boys, Idumota boys, etc that the only way of investing they know is stocking their shop with goods and selling at cost price + profit margin.

These categories of people don't know about any other form of finance and always rely on word of mouth convincing and showing them evidence of what you made from any other "investment" for them to keep some of their funds there. If they are unfortunate to have an in-law or relative that has gone to school and comes around preaching any of these ponzi schemes, they will fall and lose money when the whole thing crash.

If someone like that has little financial education, he won't fall for such.

As for those who lose their money due to greed knowing it is a ponzi scheme, those ones deserve everything they are getting

A lot of Nigerians come about money but they lack basic financial education.

ShaqFu:
The Hard Way (The Only Way) I remember that movie. Lol.

Beside, traditional banking system is actually designed to make the poor, poor. If I leave my 5OK for one year in the bank, how much interest will the bank pay? But with Ponzi schemes... Lol.

Like I said, these schemes bank on the ignorance and gullibility of Nigerians, and it works like magic.

The ponzi scheme will not even survive one year for you to even see your 50k sef whether it will increase or reduce 😂

iamoyindamola:
I think this is where the ignorance play it part
Many that invested didn't know it's a ponzi because they feel ponzi works with referrals and it's not compulsory to bring in people in cbex

Anything that offers u ridiculous Return On Investment (ROI) which u can't find in the open market is a ponzi scheme.

When they start offering you ridiculous ROI, your church or mosque or shrine mind supposed make you ask questions : Where is the interest they are offering coming from?

Once you can't get a logical and satisfying answer, you should know what will come afterwards.

GloriousGbola:
Maybe it's me, but it looks like this cbex was completely under the radar. The ones before it, one heard of them because there was always someone who wanted you to join in. I am inclined to agree with you. In this case they focused on a demographic. Probably sold it as elite investment.

It is the old school yahoo boys who were actually intelligent imho. Most of these ones today are simply running templates and hoping to get lucky.

I also found out about the CBEX thing only about 2 weeks ago when it was already having problems. I think they targeted yahoo boys and all those crypto boys. It was done majorly on telegram and WhatsApp groups.

It was only when they were having issues they started bringing it to Twitter to discuss about it possibly going the way of MMM. They really picked their victims out.

ShaqFu:
Actually, the FG, did exactly that during the MMM saga. I remember how many Nigerians started attacking the government abusing them that they don't want the common man to be rich like them, bla bla bla. At the end of the day, the result was sorrow, tears and money down the drain.

To me, I believe it's their fundamental human right to throw their money into any illegal or even legal business they want to, after all, who will end up crying and losing. Lol

Ponzi schemes generally work on a principle that has always worked with the Nigerian people : Ponzi schemes will have you believe that the traditional banking and financial system is designed to make you poor. They make you believe whatever interest rate your normal investment in the Nigerian banking and financial system will give, you can get multiple of it in their scheme but the government and it's agencies don't want that for you

Once they have people believing this, they will offer ridiculous ROI that defies logic. They will see that for example Treasury bills backed by government will give you 18.5% interest rate per annum, then they will offer you 30% interest rate within a month. Do you know how crazy that is? You leave you money with them for 30 days and get 30% ROI ; meanwhile the FG backed investment expects you to leave your funds with government for a whole year and get 18.5% interest in return.

The average greedy Nigerian thinks it is a risk that is worth taking but they will later learn the hard way.

iamoyindamola:
SEC came out yesterday to say cbex is not registered, immediately people were investing I am sure they hear and know about it
That is when they should be singing that it's not registered, they left it took late

SEC from time to time have always maintained that ponzi schemes in general are organized scams. I know this from a young age reading The News magazine where they talked about " wonder banks" in the late 1990's and early 2000's.

SEC cannot be coming out evwrytime a new pnzi scheme comes to town na

iamoyindamola:
That's what I told the idiot that wanted to drag me into this shit, I told him no investment can give you 100% profit unless it's illegal
I feel the government are not doing well too, they only react when it's late

What can the government do in this case?

Everything about the investment is done on an app and telegram groups. Shey make government dey hack the apps and telegram groups ni?

If government do that I'm sure we will fault the government for wielding illegal powers. You will be surprised at how sowore and professional activist will stage protests after protest for the government to allow people do whatever they want either money. The whole thing will take a politico turn sharply.

I think the relevant government agencies like CBN and SEC have always warned that all ponzi schemes are organized scams that will end in gnashing of teeth of "investors". But people no dey hear Noni

iamoyindamola:
It's not cruise at all, the word on the streets is cbex is scamming yahoo boys and influencers
We have plenty stupid people in this country, they went from millionaire to nothing

Oh, more like the CBEX people picked a demography of people whom they know will not be able to come after them legally. And even if they shout from now till tomorrow, the government will not be able to fight on their behalf because of the source of the funds lost.

Now I get.

It's just some innocent people too who have the get Rich quick syndrome will lose legit funds in the process. Especially people who changed naira to dollars in order to join "the moving train"

iamoyindamola:
That money no small at all

They said this guy allegedly lost $180k.

Something tells me most of the funds lost to this CBEX scam may most likely not be hard earned money from clean sources. Why on God's earth will I have anything above $50k and I will put it in any scheme that has no government security backing?

There are loads of low risk investment options u can put such amount of money and u will be earning steady passive income. Like u will just be telling Ur financial advisor to roll over every investment cycle?

A friend of mine who once worked in a finance house told me about some of their customers who have investments in excess of N100m who sometimes get as much as N2m to N3m on a monthly basis as interest. They just collect the interests regularly and ask the company to roll over the investment again.

I believe most people in this CBEX scam na people who think they are so wise and can always find ways to double their money outside the traditional finance system

iamoyindamola:
No be juju be that
Now they are crying on X and tictok, dead body go surplus because the money people are losing is much o because it's in $

I even thought the whole thing was a cruise when I started seeing posts on Twitter talking about CBEX and people losing their money to it.

But now after seeing people having meltdown on Twitter about losing substantial sums ; I know people wey wise for this country no plenty at all.

Just go through this thread to laugh at people's stupidity and eventual gnashing of teeth

Please if you have videos like this one, reply with it. I wan laugh abeg. pic.twitter.com/h5Z3SjfArf

— Alabi (@the_Lawrenz) April 14, 2025

iamoyindamola:
Blueraydick

https://gofile.io/d/J3IVt2

But this is 1080 quality
Each episode is at least 1.5gb

Thanks, will download when I'm connected to wifi