They Ran Away With Our Harvest Money — Victims Cry Out Over PXES Scandal

A victim of the alleged PXES investment scheme has narrated how money he had set aside for his church’s harvest programme was allegedly lost after he invested the funds in the platform.

The young man, who spoke in a video circulating on social media, said he was introduced to PXES by his sister, who reportedly convinced him that the platform was legitimate and capable of generating significant returns.

According to Bush Radio Academy, the victim explained that he was a member of his church choir and had been saving the money to purchase clothes for an upcoming harvest celebration. With the event reportedly about two weeks away, he decided to invest the funds after believing that the platform would help him increase the money before the programme.

He said he initially did not have enough money but eventually put the available funds into the platform, hoping that the investment would generate additional income.

The victim reportedly became concerned when he later attempted to withdraw his money and was allegedly told that he needed to make another payment before his funds could be released.

According to his account, those behind the platform claimed that the Central Bank of Nigeria had directed them to pay tax because of the volume of money being transferred outside the country.

He said the additional payment was presented as a requirement before investors could access their funds, leaving him unable to recover the money he had intended to use for the church harvest.

The account comes amid growing reports of withdrawal difficulties involving PXES, with investors in parts of Nigeria reportedly unable to access funds deposited on the platform. Separate reports have also documented angry investors storming alleged PXES offices in Yola and Kabba following the reported freezing of withdrawals.

The latest development has generated reactions online, with some social media users questioning the decision to invest money earmarked for a church programme in a platform promising quick returns.

The incident has also renewed concerns about the risks associated with investment platforms that promise unusually high or rapid returns. Financial regulators have previously warned Nigerians to verify the registration and legitimacy of investment operators before committing their funds.

As concerns surrounding PXES continue to grow, the exact amount lost by investors and the full circumstances surrounding the reported withdrawal difficulties remain unclear. Authorities have yet to publicly establish the total financial impact of the alleged crisis.