In a statement on Wednesday, the commission said its attention was drawn to media reports suggesting that CBEX had resumed operations across Nigeria.

The SEC said CBEX also operates under the name ‘ST Technologies International Ltd’ — also known as Smart Treasure or Super Technology.

“According to the reports, CBEX promoters are demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals can be processed,” the statement reads.

“The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public.

“As a matter of fact, enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities and the Commission is collaborating with relevant Law Enforcement Agencies to properly investigate CBEX/ST Technologies International Ltd and will take appropriate actions in line with the provisions of the Investments and Securities Act 2025.”

The SEC urged Nigerians to refrain from patronising or transacting with the CBEX or any of its associated entities, warning that doing so could result in the loss of their funds.

“The public is advised to VERIFY the registration status of Investment platforms via the Commission’s dedicated portal: www.sec.gov.ng/cmos before transacting,” the SEC added.

The commission reiterated its commitment to protecting investors and maintaining market integrity.

The CBEX had reportedly promised investors a 100 percent return before it suddenly crashed in April.

SEC  the CBEX digital trading platform is not registered with the agency.