The Economic and Financial Crimes Commission (EFCC) has urged Nigerians who lost money to the CryptoBridge Exchange (CBEX) scam to visit its offices in Ibadan and Lagos as part of its investigation.
In a statement from EFCC’s Head of Media and Publicity, Dele Oyewale, the commission revealed that it is prosecuting three suspects, Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka, over their suspected involvement in the CBEX Ponzi scheme.
Recall, Daily Tech Nigeria reported on the 15th of April, 2025, that CBEX reportedly lured hundreds of thousands of Nigerians with promises of unrealistic investment returns. Victims deposited funds through CBEX offices located in Ibadan, Oyo State, and Idimu, Lagos, but have since been unable to recover their money.
The scheme led to serious financial losses for Nigerians who invested their funds with the promise of unrealistic returns on investment – EFCC
To help the commission track and build cases against scammers, EFCC is calling on victims linked to these offices to report to the Ibadan Zonal Directorate and Lagos Zonal Directorate 2.
This move aims to ensure justice for those affected and to stop further fraud.
Nigerians who lost money to CBEX should adhere to the directives of the EFCC and come forward with any information or evidence to help curtail such cybercrime.
