NewsWatch.com.ng journalist Esther Odili has over two years of expertise protecting political events and actions.
A latest video making the rounds on the web has reportedly linked the Osun State Broadcasting Company (OSBC), a government-owned radio station, to a Ponzi scheme.
Within the video obtained by SaharaReporters from one of many stationâs programmes, OSBC reportedly gave airtime to CBEX Buying and selling Alternate World officers who made exaggerated claims in regards to the platformâs capability to elevate Nigerians out of poverty.
In response to SaharaReporters, OSBC actively promoted the now-collapsed CBEX scheme to its listeners, packaging it as a respectable poverty alleviation initiative and inspiring weak Nigerians to speculate.
Somewhat than questioning the scheme’s credibility or regulatory standing, the OSBC presenter totally endorsed CBEX on air.
OSBCâs alleged choice to advertise CBEX reportedly got here regardless of prior warnings from Nigeriaâs Securities and Alternate Fee (SEC), which had categorically acknowledged that CBEX was not registered and suggested Nigerians to keep away from investing in it.
As normal, Nigerians have reacted to the event. NewsWatch.com.ng compiled a number of reactions from the remark part on X under:
@ExquisiteDemola tweeted:
@ElmaSofie tweeted:
@ediological tweeted:
@UTDVenom1 tweeted:
Watch the video shared on TikTok, exhibiting how OSBC promoted CBEX:
Learn extra about CBEX:
In the meantime, NewsWatch.com.ng reported that former presidential aide, Bashir Ahmad, stated the Securities and Alternate Fee (SEC) warned Nigerians towards investing in CBEX.
Ahmad stated Nigerians at all times ignore regulatory businesses’ warnings every time Ponzi schemes are launched within the nation.
Some Nigerians stated SEC ought to have shut down CBEX workplaces and cease Nigerians from patronising them than issuing warnings.
Supply: NewsWatch.com.ng
