On Tuesday, the CBEX office at Oke-Ado in Ibadan, Oyo State, was taken over by the Nigeria Police and Western Nigeria Security Network, codenamed Operation Amotekun.

The development comes after the online financial platform’s crash was revealed on Monday evening, with aggrieved investors invading the company building and carting away valuables.

It was also gathered that many Ibadan residents were victims as they invested millions of naira into the company.

According to online reports, patrol vehicles belonging to both the police and Amotekun were strategically stationed in the area.

An eyewitness shared, “The crash of the online platform was announced yesterday (Monday). That’s what prompted many of those who invested in the scheme to storm the office to express their displeasure.

“As you can see, some security agents have been stationed at the office in order to prevent breakdown of law and order.” (Daily Sun)