Abuja, Nigeria – June 11, 2025
The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against engaging with CBEX (Crypto Bridge Exchange), also operating as Super Technology or ST Technologies International Ltd, citing unauthorized investment operations across the country.
In an official statement released on Tuesday, the Commission revealed that CBEX, under the corporate identity of ST Technologies International Ltd—also known as Smart Treasure or Super Technology—has resumed activities despite previous enforcement actions. According to reports, the firm’s promoters have been demanding fees from subscribers before processing withdrawals. Specifically, they are allegedly charging $200 from users with balances over $1,000 and $100 from those with less than $1,000.
“The Commission hereby restates unequivocally that neither CBEX nor ST Technologies International Ltd is registered with the Commission or authorized to offer investment-related services to the Nigerian public,” the SEC said.
The regulatory body confirmed that enforcement actions have already been initiated against CBEX and its promoters for past unauthorized activities. It is also collaborating with relevant law enforcement agencies to further investigate and take appropriate legal steps under the Investments and Securities Act 2025.
The SEC urged the public to refrain from patronizing CBEX or any associated entities to avoid financial losses and advised Nigerians to verify the registration status of any investment platform via its official portal: www.sec.gov.ng/cmos.
This warning forms part of the Commission’s ongoing commitment to safeguarding investors and maintaining market integrity.
Contact:
SEC Nigeria
Plot 272, Samuel Adesujo Ademulegun Street, Central Business District, Garki, Abuja
Email: [email protected]
Phone: +2342094621168, 0916 772 3240
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