Taye currency opens up after losing millions to CBEX

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Popular Fuji musician based in Ibadan, Taye Currency, has spoken out after reportedly losing ₦10 million in the collapsed digital trading platform, CBEX.

CBEX, a Singapore-based investment scheme, abruptly shut down on Monday, April 14, 2025, locking users out of their accounts and leaving investors unable to retrieve their funds. The platform is believed to have made away with a staggering ₦1.3 trillion in total investments.

Speaking during a recent live performance over the weekend, Taye Currency opened up about his personal loss, revealing that he had invested ₦10 million in the now-defunct platform.

In a widely shared video circulating online, the singer expressed his frustration and anger, directing strong words at those who introduced him to the scheme.

He said in Yoruba, “I might develop high blood pressure If I don’t speak out. I can no longer keep it to myself. On April 1, Sodiq came to my house to inform me that my band manager, Lateef, just collected some money from CBEX.

“Sodiq also introduced Alaba to it, and Alaba used N1.2 million he stole from the stage to invest. Brother Muca also invested, N500,000 and Lateef put in N1.4 million while Sodiq invested N850,000. Making four people.

“They were the ones in charge of my money. On that very day I invested N10 million in CBEX and it crashed. It shall not be well with all of you that introduce it to me.”

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