The Economic and Financial Crimes Commission (EFCC) has called on Nigerians who lost money to the fraudulent online trading platform, Crypto Bridge Exchange (CBEX), to visit its offices in Ibadan and Lagos to assist ongoing investigations into the alleged multi-million-naira scam.
In a statement released on Friday by its Head of Media and Publicity, Dele Oyewale, the Commission confirmed that three suspects — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — are already facing prosecution over their roles in the scheme.
According to the EFCC, CBEX lured unsuspecting Nigerians with promises of high returns on cryptocurrency investments but later collapsed, leaving many victims stranded and unable to recover their funds.
The anti-graft agency revealed that the fraudulent platform operated from offices in Ibadan, Oyo State, and Idimu, Lagos, where scores of investors were defrauded.
“The scheme led to serious financial losses for Nigerians who invested their funds with the promise of unrealistic returns on investment. In view of the foregoing, and the need to assist the Commission in its ongoing investigation, the EFCC is inviting victims who invested their funds through individuals linked to the CBEX offices in Ibadan and Idimu, Lagos, to report to its Ibadan Zonal Directorate and Lagos Zonal Directorate 2,” the statement read in part.