PXES office in Yola attacked by investors following scheme collapse

Investors in the PXES investment platform reportedly stormed and vandalized the company’s Yola branch in Adamawa State, Nigeria, following the collapse of the scheme and difficulties with fund withdrawals.

Videos circulating on social media show chaotic scenes where individuals gathered outside the office and carted away furniture, equipment, and other properties. The incident occurred on a Friday afternoon, a day designated for certain investment tiers to withdraw weekly earnings.

PXES, described as a savings platform offering daily returns, promised investors the ability to recover full investments in under two months. Following the unrest, the Yola office remained closed, which is noted as unusual for its typical operating schedule. There is currently no official confirmation regarding the total amount of funds lost or whether any operators have been apprehended.