EFCC Invites Victims of Crypto Scam, CBEX To Lagos, Ibadan Offices

The Economic and Financial Crimes Commission (EFCC) on Friday called on Nigerians who fell victim to the alleged fraudulent cryptocurrency platform, Crypto Bridge Exchange (CBEX), to report to its zonal offices in Ibadan and Lagos.

The EFCC is currently prosecuting three suspects – Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka – for their alleged roles in operating CBEX, a platform that lured unsuspecting investors with promises of unrealistic returns, resulting in significant financial losses.

The statement reads: “The Economic and Financial Crimes Commission, EFCC, is currently prosecuting three suspects, ADEFOWOARA ABIODUN OLANIPEKUN, OTORUDO AVWEROSUO AND EHIRIM JUSTICE CHUKWUEBUKA regarding their alleged involvement in the fraudulent online crypto currency trading platform called Crypto Bridge Exchange(CBEX).

“The scheme led to serious financial losses to Nigerians who invested their funds with a 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.

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