Popular Fuji musician based in Ibadan, Taye Currency, has opened up about losing a staggering ₦10 million to the now-defunct digital trading platform, CBEX.
According to NAIJALOG, the Singapore-based platform abruptly shut down on Monday, April 14, 2025, locking users out and wiping out a reported ₦1.3 trillion in investors’ funds.
During a recent live performance, a visibly frustrated Taye Currency shared his painful experience in a video that has since gone viral. Speaking in Yoruba, he didn’t hold back as he cursed those who convinced him to invest in the scheme.
He revealed:
“If I don’t let this out, I might end up with high blood pressure. I’ve held it in long enough. On April 1, Sodiq came to my house and told me my band manager, Lateef, had just received money from CBEX.”
Taye went on to name others involved: Sodiq, who also brought in someone named Alaba—who allegedly invested ₦1.2 million stolen from the stage—while Brother Muca invested ₦500,000, Lateef put in ₦1.4 million, and Sodiq himself committed ₦850,000.
He continued,
“These were the people handling my money. I ended up investing ₦10 million in CBEX that day. Not long after, it crashed. To everyone who introduced this to me — may it never be well with you.”
NAIJALOG notes that Taye Currency is the first Nigerian celebrity to publicly confirm losing money to the CBEX platform.