The Economic and Financial Crimes Commission (EFCC) has urged Nigerians who fell victim to the fraudulent cryptocurrency platform, Crypto Bridge Exchange (CBEX), to report to its zonal offices in Ibadan and Lagos to assist with ongoing investigations.
This call was made in a statement released on Friday, August 23, by Dele Oyewale, Head of Media and Publicity for the EFCC, in Ibadan, Oyo State.
According to the commission, three suspects—Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka—are currently being prosecuted for their alleged roles in the scam.
The EFCC stated that CBEX deceived unsuspecting investors by promising unrealistically high returns, leading to substantial financial losses. The platform reportedly collapsed in April, with victims losing over ₦1 billion.
“In view of the foregoing and the need to assist the commission in its ongoing investigation,” the EFCC said, “victims who invested their funds through individuals linked to the CBEX offices in Ibadan and Idimu, Lagos, are encouraged to report to the EFCC’s Ibadan Zonal Directorate and Lagos Zonal Directorate 2.”
The commission reiterated its commitment to pursuing justice and recovering assets for the victims.
