As of now, there is no verified information indicating that the CBEX office in Ibadan has been looted following a trading platform collapse. However, there have been notable developments in Ibadan’s financial sector.
On February 21, 2024, operatives from the Economic and Financial Crimes Commission (EFCC) and the police conducted a raid on Bureau de Change (BDC) outlets in the Sabo area of Ibadan. This operation led to the arrest of at least 12 BDC operators. The raid was part of a broader initiative to curb illicit currency trading and address the depreciation of the Nigerian naira, which had reached record lows against major foreign currencies .
The Chairman of the Bureau de Change operators in Sabo, Alhaji Aminu Ibrahim Babankande, confirmed the arrests and expressed the operators’ willingness to cooperate with government authorities. He also highlighted the challenges faced by BDC operators due to fluctuating exchange rates and emphasized that the government holds the key to stabilizing the currency .
While these events have caused disruptions in the local financial market, there is no official confirmation of any looting incidents related to CBEX or any other trading platform in Ibadan. If you have specific concerns or require further information about CBEX or the recent financial developments in Ibadan, please let me know, and I’ll be glad to assist you further.
