Fuji Star Taye Currency Laments N10 Million Loss to Collapsed Trading Platform CBEX
Renowned Fuji musician, Taye Currency, has publicly voiced his frustration after losing N10 million to the now-defunct digital trading platform, CBEX.
CBEX, a Singapore-based investment scheme, abruptly shut down operations on Monday, April 14, 2025, leaving investors unable to access their accounts. The platform’s collapse has reportedly wiped out an estimated N1.3 trillion in funds from individuals across Nigeria and beyond.
During a live performance over the weekend, the Ibadan-based artist opened up about the financial loss in an emotional on-stage outburst. In a video that has since gone viral, Taye Currency expressed deep distress over the incident, stating that keeping quiet could affect his health.
“I may end up with high blood pressure if I don’t talk about it,” he said in Yoruba. “I can’t bottle it up anymore.”
He went on to name individuals close to him who were involved in his decision to invest, accusing them of leading him into the failed scheme. According to the singer, the platform was introduced to him by one of his associates, Sodiq, who along with others, including his band manager, Lateef, and two others—Alaba and Brother Muca—invested various sums themselves.
“All four of them encouraged me, and I eventually put in N10 million. The next thing I knew, the platform crashed. May those who brought this to me not find peace,” he declared passionately during the performance.
Taye Currency is the first Nigerian celebrity to publicly confirm being affected by the CBEX collapse, sparking broader discussions online about the risks associated with digital trading schemes.
The aftermath of CBEX’s shutdown has left thousands of investors scrambling for answers, as calls grow for regulatory action and greater oversight of online investment platforms operating in the country.
