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Taye Currency Speaks out After Losing N10 Million to CBEX Platform

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Photo source: Google

Popular Fuji artist Taye Currency has spoken out after losing N10 million to the now-defunct digital trading platform, CBEX.

The platform, which reportedly shut down on Monday, April 14, 2025, is said to have vanished with over N1.3 trillion in investors’ funds. This locked users out of their accounts and left many in shock.

During a recent live show, Taye Currency opened up about his painful experience in a video that has now gone viral. Speaking in Yoruba, the singer expressed deep frustration and cursed those who encouraged him to invest in the scheme.

According to him, four close associates—Sodiq, Alaba, Brother Muca, and his band manager Lateef—were all involved. They each invested large sums, including Alaba who allegedly stole N1.2 million during a performance just to join the scheme.

Taye Currency said he felt like he would develop high blood pressure if he didn’t speak out. He addef that he trusted his team with the N10 million investment which disappeared when the platform crashed.

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He’s now believed to be the first public figure in Nigeria to openly admit losing money to the collapsed platform.


 

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Entertainment

Mercy Eke Backs BBN’s Dede as Fans’ Favorite in Ongoing Reality Show Season

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Former Nigerian singer, Mercy Eke, shares her thoughts on who might become fans’ favorite in the ongoing season.

The reality star mentions that Dede is someone already stealing hearts and reveals she’s also supporting her this season.

“Dede is a 10/10.” Fans then react and go on to share their favorite housemates so far this season.


 

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Entertainment

“Once They Blow, the Problems Begin”—Ubi Franklin Talks Industry Challenges

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Nigerian Talent Manager, Ubi Franklin, claims that artists with no big hit are easier to control in the music industry.

During a recent interview, the music manager speaks to general and common problem that happens to artists. “The only artist that can be controlled is the one that has not had a hit. Once they have a hit, the first biggest problem for artists is womanising. For female singers, it’s promiscuity as well.”


 

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Ayra Starr Reacts to Dating Ban Rumors: “Does Ayra Starr Know About This?”

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Popular Nigerian Singer, Ayra Starr, addresses rumors that claim that she can not date anyone because of her contract.

It can be noted that the singer recently signed a 5 year contract with Roc Nation, which is owned by Jay-Z. Fans then speculated that the singer is not allowed to be with anyone due to the contract “Ayra Starr isn’t allowed to have a boyfriend or start a family during her five-year contract with Roc Nation.”

Ayra Starr then reacts to the claim and questions “Does Ayra Starr know about this?” she later adds “hem lie on top your head for broad daylight”.


 

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