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PCEX: Evaluating its operational integrity or signs of crisis

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Some investors claim that the platform has been experiencing issues with liquidity and withdrawal processing that are reminiscent of deceptive tactics.

Various crypto forums and social media posts allege that users encounter prolonged delays and confusing transaction records that obscure the true status of their assets. While no major regulatory body has formally declared PCEX a scam or a Ponzi scheme, these concerns have sparked caution among segments of the community.

In this overview, we explore the background of PCEX, the reported operational challenges, and the current sentiment surrounding the platform.

ALSO READ: FULL LIST: 58 illegal Ponzi scheme operators Nigerians should be aware of

  • Background and purpose

PCEX presents itself as a digital asset exchange focused on delivering efficient trading services with an emphasis on security and modern technology. The platform is designed to offer a user-friendly experience for cryptocurrency traders while claiming to follow industry best practices.

However, transparency regarding its operational procedures and regulatory compliance has been a subject of debate. As the platform continues to evolve, discerning investors are questioning whether its practices align with the standards expected of a reputable trading service.

  • User complaints and withdrawal issues

Multiple user reports on crypto forums have highlighted issues related to fund withdrawals on PCEX. Some investors have expressed frustration about encountering what appear to be artificially inflated transaction histories that mask the real challenges of retrieving their funds.

EXPLORE: 5 ways to recognise a Ponzi scheme

These reports mention extended waiting times and multiple verification steps that create a cumbersome experience. The repeated accounts of such difficulties have led some community members to speculate about whether these issues are indicative of deeper problems within the platform’s financial management or liquidity.


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  • Transparency and regulatory concerns

A key area of concern for many potential users is PCEX’s level of transparency. Although the platform touts robust security measures, independent audits and clear regulatory endorsements are not widely available.

In the absence of thorough third-party verification, suspicions remain among some investors about whether PCEX’s stated practices fully guarantee a safe trading environment.

While no official warning has been issued by major regulatory bodies at this time, the lack of visible compliance documentation leaves room for doubt and fuels ongoing discussions about its credibility.

  • Investor sentiment and final thoughts

Investor sentiment about PCEX is clearly divided. Some users continue to operate on the platform and report satisfactory experiences while others remain increasingly skeptical due to recurring issues with fund withdrawals and ambiguous operational data.

The mixed reviews have led to calls on online platforms for prospective investors to exercise extreme caution and conduct rigorous due diligence before engaging with PCEX.

In an industry where trust is paramount, the current state of affairs suggests that until PCEX addresses these concerns transparently and secures independent regulatory confirmation, potential users should be cautious and stay alert to further developments.

Investor sentiment remains divided, and until PCEX resolves these issues with full transparency and secures independent regulatory confirmation, potential users would be wise to remain vigilant and consider more established, openly audited platforms for their digital asset trading needs.

RECOMMENDED: FG warns Nigerians against investing in Loom Ponzi scheme


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Strategic investment in community-based care

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My years of experience across the healthcare systems of our continent have taught me that transformation does not typically begin

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Nigerian Breweries’ Sade Morgan named Corporate Affairs Director for Heineken Africa & Middle East

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Nigerian Breweries Plc- Nigeria’s foremost brewing company, has announced the appointment of Sade Morgan as the Corporate Affairs Director, for Heineken Africa & Middle East (AME) region. Her appointment takes effect on 1st May, 2025.

The appointment was conveyed in a statement signed by the Managing Director, Nigerian Breweries Plc, Hans Essaadi on Friday, April 4, 2025.

Morgan, who is currently Nigerian Breweries Corporate Affairs Director, has been elevated to  a global role at Heineken, succeeding David Paterson and becoming the first regional national from AME region to hold this senior leadership role.

In this role, Morgan joins both the Heineken Global Corporate Affairs Leadership Team and the Heineken AME Management Team to continue to drive the Corporate Affairs strategy in advancing the growth agenda and protecting the reputation for HEINEKEN in AME.

Since joining NB Plc in 2018 as Corporate Affairs Director, she has led high-stakes regulatory and fiscal engagements in a dynamic operating environment, driving a robust optimal business climate agenda for the Nigerian business, mitigating significant excise tax increases and securing a more viable regulatory framework. 

More recently, she played a key role in managing the temporary suspension of operations in select breweries in Nigeria, ensuring seamless stakeholder engagement and business continuity. Beyond her role in regulatory affairs, she has also provided strategic leadership in advancing Heineken’s Brew a Better World sustainability ambitions and goals in Nigeria. 

Morgan was recently awarded the 2025 Outstanding Corporate Spokesperson of the year in the 2nd edition of the Nigerian National SpokesPersons Award, and Corporate Communications Professional of the year at the 2024 Lagos Public Relations Industry Gala and Awards.

Morgan is a highly accomplished corporate executive with a remarkable 27-year track record of driving business growth, managing risk, and leading high-performing teams across various industries, including fast-moving consumer goods, tobacco, and beverages. A lawyer, corporate affairs and communications professional, her impressive track record speaks for itself, with wide cross-geographical experience and a passion for building winning teams and empowering women.

Sade started her career as a lawyer in 1993 and has since worked with top Nigerian law firms and multinational companies honing her skills in resolving complex business issues across diverse sectors. In her current role as Corporate Affairs Director for Nigerian Breweries Plc, a position she has held since December 2018, Sade has been instrumental in shaping the company’s corporate governance, regulatory affairs, reputation management, and sustainability strategies.


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Her expertise spans legal, regulatory, and business leadership roles, having served as Legal, Public Affairs and Communications Director at Coca-Cola Hellenic Bottling Company as well as other various roles within the company including Executive Committee and Board member. She has also served as Legal Director and EEMEA Regulatory and Marketing Counsel for British American Tobacco’s global operations.

A distinguished alumnus of prestigious business schools IMD and INSEAD, Sade holds honors degrees in Law from Obafemi Awolowo University and the Nigerian Law School. She is a respected member of the Institute of Directors, the Nigerian Institute of Public Relations, and she pioneered the Food and Beverage Recycling Alliance (Nigeria) as its first Chairperson. Sade is happily married with  3 children to Seye Morgan, Managing Director/Chief Executive Officer, Rihago Auction Ltd. 

Beyond her corporate achievements, Sade has played a pivotal advisory role in shaping public policy on business regulation and corporate governance in Nigeria. Her exceptional leadership and expertise have influenced decision-making in the consumer goods, beverages, and tobacco sectors, cementing her reputation as a champion of ethical practices and corporate responsibility within the private sector. 

Prior to joining Heineken, she was the Legal, Public Affairs, and Communications Director at Nigerian Bottling Company, a subsidiary of Coca-Cola Hellenic Bottling Company, where she played a pivotal role in regulatory and stakeholder engagement, crisis management, and corporate reputation strategy. 

Before then, she also held senior legal, corporate affairs and regulatory roles at British American Tobacco, including an international assignment in the UAE, where she sat on the Management Team supporting the Gulf Cooperation Council (GCC) countries.  She also served as West Africa Area Legal Director, driving legal, policy advocacy and regulatory strategy across multiple markets, followed by a UK-based role where she had regulatory marketing oversight for the Africa, Middle East & Eastern Europe (AMEE) region. Prior to joining British American Tobacco, she worked in two of the most reputable commercial law firms in Nigeria- Adepetun, Caxton-Martins and Segun(ACAS) and Aluko & Oyebode. 

Morgan is an alumna of executive management programs at IMD (Switzerland) and INSEAD (France) and an active member of professional organizations including the Institute of Directors and the Nigerian Institute of Public Relations. She was also the inaugural Chairperson of the Food and Beverage Recycling Alliance in Nigeria. 

Her leadership and ability to navigate complex regulatory landscapes will be crucial in driving the Corporate Affairs agenda across the AME region. 

About Nigerian Breweries PLC:

A member of the HEINEKEN Group, Nigerian Breweries Plc is Nigeria’s pioneer and largest brewing company. Incorporated in 1946 as "Nigerian Brewery Limited,” the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line. Today, it has a rich portfolio of 19 high-quality brands (Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz, and Legend) produced from nine breweries and two malting plants distributed nationwide.

Nigerian Breweries Plc is also the recipient of several awards and recognition in other areas of its operations, including product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability. 

To learn more, visit the Nigerian Breweries website: nbplc.com

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Rashford could miss rest of season with hamstring injury

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Aston Villa forward Marcus Rashford could miss the rest of the season due to a hamstring injury during Villa’s FA

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