{"id":121577,"date":"2025-08-23T20:59:52","date_gmt":"2025-08-23T19:59:52","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=121577"},"modified":"2025-08-23T20:59:52","modified_gmt":"2025-08-23T19:59:52","slug":"efcc-intensifies-cbex-fraud-probe-seeks-victims-cooperation","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/efcc-intensifies-cbex-fraud-probe-seeks-victims-cooperation\/","title":{"rendered":"EFCC Intensifies CBEX Fraud Probe, Seeks Victims’ Cooperation"},"content":{"rendered":"
\n
By Lizzy Chirkpi<\/div>\n
\n
\n
<\/div>\n
<\/div>\n
<\/div>\n
The Economic and Financial Crimes Commission (EFCC) has called on Nigerians defrauded by the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to come forward and assist with ongoing investigations.<\/div>\n
<\/div>\n
In a statement released on Friday by the Commission\u2019s Head of Media and Publicity, Dele Oyewale, the EFCC invited victims who invested through CBEX-linked offices in Ibadan and Idimu, Lagos, to report to its Ibadan and Lagos Zonal Directorates.<\/div>\n
<\/div>\n
Oyewale stated, \u201cThe EFCC is currently prosecuting three suspects namely Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka over their alleged involvement in the scam.\u201d<\/div>\n
<\/div>\n
The Commission disclosed that CBEX lured unsuspecting investors with the promise of unrealistic returns on cryptocurrency investments, resulting in widespread financial losses.<\/div>\n
<\/div>\n
\u201cIn 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,\u201d the statement read.<\/div>\n
<\/div>\n
The EFCC emphasized that the cooperation of victims is crucial to uncovering the full extent of the fraudulent scheme and ensuring justice is served.<\/div>\n
<\/div>\n
This development comes as part of the EFCC\u2019s effort to clamp down on cybercrime and financial fraud across Nigeria.<\/div>\n
<\/div>\n
CBEX is a cryptocurrency trading platform that allegedly defrauded numerous Nigerians billions of naira by promising unrealistic returns on investments.<\/div>\n
<\/div>\n
<\/div>\n
It reportedly lured victims with enticing investment packages and fake profit guarantees leading to\u00a0 investors losing substantial sums after putting money into the platform via its offices in Ibadan and Idimu, Lagos.<\/div>\n
<\/div>\n
The EFCC has taken over the case and is actively investigating the scam.<\/div>\n
<\/div>\n<\/div>\n<\/div>\n