CBEX: EFCC invites victims of crypto bridge exchange scam to aid investigation

The Economic and Financial Crimes Commission (EFCC) has urged Nigerians who lost money to the fraudulent cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to report at its zonal offices in Ibadan and Lagos.

The anti-graft agency disclosed that it is currently prosecuting three suspects — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — over their alleged involvement in the scheme.

According to EFCC spokesperson, Dele Oyewale, CBEX enticed unsuspecting investors with promises of unrealistic profits, resulting in significant financial losses for many Nigerians.

“Victims who invested through individuals linked to CBEX offices in Ibadan and Idimu, Lagos, are urged to assist ongoing investigations by reporting to the Ibadan Zonal Directorate at 164, Reverend Oyebode Crescent, Iyaganku, Ibadan, Oyo State, or the Lagos Zonal Directorate 2 at 7A, Okotie-Eboh Street, Ikoyi, Lagos,” Oyewale stated.

The Commission said the move is necessary to aid investigations, strengthen ongoing prosecution, and secure justice for the victims.