The Economic and Financial Crimes Commission (EFCC) has declared two additional individuals wanted in connection with the massive N1.3 trillion Crypto Bridge Exchange (CBEX) scam, raising the total number of suspects to eight.
Folashade Odelana and Bamidele Ayodele Abiodun are now sought by the EFCC for their alleged roles in orchestrating fraudulent activities that caused significant financial losses to thousands of investors, the commission announced on Wednesday.
Previously, six suspects including Seyi Oloyede, Emmanuel Uko, and Israel Mbaluka were declared wanted in the ongoing investigation. A foreign national, Elie Bitar, was also once on the list but has since been removed, as reported by Dailytech.
CBEX, a digital investment platform promising 100% returns within 30 days, collapsed in April 2025 after restricting withdrawals on April 9. Many investors found their account balances wiped out, sparking outrage and prompting the EFCC’s intervention.
EFCC Chairman Olukayode reaffirmed the agency’s commitment to tracking down all those involved in this cyber-related financial crime and recovering funds for the affected Nigerians.
The commission has urged anyone with information on the whereabouts of the suspects to come forward and assist with the investigation.
