The Economic and Financial Crimes Commission (EFCC) has called on Nigerians who lost money to the collapsed cryptocurrency platform, Crypto Bridge Exchange (CBEX), to report at its zonal offices in Ibadan and Lagos to assist in ongoing investigations.

 

The commission made the appeal in a statement on Friday by its Head of Media and Publicity, Dele Oyewale, in Ibadan.

 

According to the EFCC, CBEX lured unsuspecting investors with promises of unrealistic returns before crashing in April 2025, leading to losses of over ₦1 billion.

 

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

 

The agency urged all affected investors, particularly those who transacted through individuals linked to the CBEX offices in Ibadan and Idimu, Lagos, to come forward.

 

“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 EFCC stated.

 

The anti-graft agency assured that it remains committed to recovering funds for victims and bringing perpetrators of financial fraud to justice.