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PXES Ponzi Collapse, Investors Rage

PXES Collapse Triggers Investor Storming of Lagos Offices

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaSep 8, 2026

Angry investors have stormed the Lagos offices of PXES following the platform's collapse in what is being described as another major Ponzi scheme failure in Nigeria. The incident adds to a pattern of similar collapses that have eroded retail investor confidence and placed pressure on financial regulators.

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