CBEX: Expert Warns Nigerians Against Investing In Ponzi Schemes

Amid lamentations and concerns that Nigerian investors may have lost a whopping N1.3 trillion to the Crypto Bridge Exchange Smart-Treasures, widely known as CBEX, an investment expert has urged Nigerians to avoid investing their hard-earned money in Ponzi schemes.

The chief executive officer and managing director of My Eya Homes, Chief Chinedu Eya, who stated this on Friday in a chat with journalists in Lagos, called on Nigerians to prioritise investment in real estate over Ponzi schemes, citing long-term value and financial stability as key benefits of property investment.
Eya who empathised with Nigerians losing their money to investment in Ponzi schemes emphasised that real estate offers consistent returns, long-term appreciation and serves as a reliable hedge against inflation, making it a more secure and rewarding investment option.

“Real estate is no longer just about owning property; it’s about strategic positioning in a market that rewards long-term vision and adaptability. Even in uncertain economic times, property investments provide both income through rents and potential capital gains,” he said.

Eya also revealed that My Eya Homes has experienced significant growth, expanding its operations from land sales to the development and sale of world-class residential properties, noting that the company still has ambitious milestones to reach.

On a personal note, he explained his decision to mark his birthday with a low-key celebration, describing it as a period of reflection and re-strategising.

“This birthday, I am sacrificing all celebrations, not out of sadness, but as a deliberate step to reflect and re-strategise. This is a time to push My Eya Homes into its next phase,” he said.

Eya appealed to visionary investors to support the company’s transformation drive, stressing that the company is ready for large-scale innovation and expansion in Nigeria’s real estate sector.