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Investors rage: Police, Amotekun take over CBEX office in Oyo

ValidViewNetwork by ValidViewNetwork
April 15, 2025
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Members of the Nigeria Police and Western Nigeria Security Network, codenamed Operation Amotekun, took over the CBEX office at Oke-Ado in Ibadan, Oyo State, on Tuesday.

This action followed the invasion of the online financial platform by some customers on Monday evening, allegedly over the loss of investments running into millions of naira.

Our correspondent’s investigations revealed that the platform crash was announced on Monday, hence the reason some angry investors invaded the company and carted away some valuables.

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It was further learnt that scores of Ibadan residents have invested millions of naira in the online platform.

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Our correspondent, who visited the area on Tuesday, observed that patrol vehicles belonging to both the police and Amotekun were strategically stationed in the area.

An eyewitness said that, “The crash of the online platform was announced yesterday (Monday). That’s what prompted many of those who invested in the scheme to storm the office to express their displeasure.

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“As you can see, some security agents have been stationed at the office in order to prevent breakdown of law and order.”

As of press time, the state Police Public Relations Officer, Adewale Osifeso, could not be reached for comment, while patrol vehicles were still stationed in the area.

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