Lifestyle
Mixed Reactions Trail Viral Video Of Popular Radio Station Promoting CBEX Ponzi Scheme
By Gideon Ayeni
A resurfaced video showing members of the now-defunct CBEX Ponzi scheme promoting the platform on Osun State Broadcasting Corporation (OSBC) radio has gone viral, causing outrage and mixed reactions across social media.
In the viral footage, CBEX promoters appeared live on air at the OSBC radio station, urging Nigerians to invest in the scheme as a pathway out of poverty. With confident tones, they assured listeners that CBEX was a life-changing opportunity—one that could “erase poverty forever.”
Watch the video below;
However, following the recent crash of CBEX, which left many Nigerians counting painful financial losses, the promotional video has now become a symbol of regret and controversy.
Online users have expressed divergent views. While some have harshly criticized the radio station for allegedly helping to amplify a fraudulent investment platform, others argue that OSBC may have merely provided a commercial platform without full knowledge of the scheme’s fraudulent nature.
Read some netizens’ reactions below;
@precious: They are suppose to investigate before allowing them to use their station to mislead the public.
@in3ro: The radio station isn’t promoting it. They bought a slot to promote themselves on the station.
@oyebade: People that are in trouble:
The station’s director
The OAP
Time to dust their CV
@azeesoluko: Dem suppose close down the radio ni ooo….. sorry to the victims
@oluwoletejuosho: Wetin concern radio station 
@kenfortshina: You’ll act like illiterates we all know how this thing works it’s clear they were paid for the advert no be the Radio Station collect money from people you all should Grow abeg.
As victims continue to voice their frustration, calls are growing louder for better regulation and increased public awareness to prevent future exploitation as in the case of CBEX that used the radio in promoting itslef.
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