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Nigeria NewsToday's News

EFCC Invites CBEX Fraud Victims to Aid Investigation

Ademola Adegbite
Last updated: August 23, 2025 12:19 pm
Ademola Adegbite
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The Economic and Financial Crimes Commission, on Friday, invited victims of the fraudulent cryptocurrency trading platform, Crypto Bridge Exchange, to report to its Ibadan and Lagos Zonal Directorates for further investigations.

This was contained in a statement released by its Head of Media and Publicity, Dele Oyewale, in Ibadan, the Oyo State capital.

Oyewale said, “The EFCC is currently prosecuting three suspects namely Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka over their alleged involvement in the scam.”

The commission explained that CBEX lured unsuspecting Nigerians into investing their funds with the promise of unrealistic returns, resulting in serious financial losses for many.

“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,” the statement added.

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