Nigeria, April 17 -- In response to the collapse of a fraudulent digital investment scheme known as CBEX, Nigeria's House of Representatives has warned celebrities, influencers, and public figures against promoting unregistered investment platforms.

This comes amid growing outrage following the scam, which has reportedly trapped the funds of thousands of Nigerians with an estimated financial loss of over N1.3 trillion.

Rep. Akin Rotimi Jr., the House of Representatives' spokesperson, emphasized in a public statement that the newly enacted Investments and Securities Act (ISA), 2025, holds individuals legally accountable if they are found promoting or aiding unregistered financial schemes.

The Act empowers regulators like the Securities ...