Fuji music star Taye Currency has become the first Nigerian celebrity to openly admit he was affected by the collapse of CBEX. The digital trading platform crashed recently, wiping out billions in investor funds. The Ibadan-based singer said he lost N10 million to the failed scheme.
CBEX, reportedly based in Singapore, crashed on April 14, 2025. Thousands of Nigerian investors were suddenly locked out of their accounts. According to reports, the platform vanished with over N1.3 trillion in investments. It is now one of the biggest digital investment crashes in recent history.
Taye Currency spoke out during a live performance over the weekend. In a video that has since gone viral, he emotionally shared his story. He explained that several close associates encouraged him to join the platform.
“I might develop high blood pressure if I don’t speak out. I can no longer keep it to myself,” he said in Yoruba. Taye said Sodiq came to his house on April 1 and mentioned that his band manager, Lateef, had already invested. Others, including Alaba and Brother Muca, were also involved.
Taye revealed how much each of them invested. Alaba used N1.2 million that he allegedly stole from the stage. Brother Muca put in N500,000, Lateef invested N1.4 million, and Sodiq added N850,000. On the same day, Taye himself invested N10 million.
“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,” he said.
His statement has caused a stir on social media. Many fans have shown support for the singer. Others have called for better awareness around risky digital investments. Taye Currency’s story brings a personal face to a crisis affecting thousands.
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