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EFCC Urges Victims of Crypto Bridge Exchange Fraud to Aid Investigation

info@dailymailngr.com by info@dailymailngr.com
August 23, 2025
in Security
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The Economic and Financial Crimes Commission (EFCC) has called on victims of the fraudulent cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to come forward and assist in ongoing investigations.

The appeal was contained in a statement issued on Friday by the EFCC’s Head of Media and Publicity, Dele Oyewale, in Ibadan, Oyo State.

Oyewale disclosed that the commission is already prosecuting three suspects — Adefowora Olanipekun, Otorudo Avwerosuo, and Ehirim Chukwuebuka — for their alleged roles in the scam.

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

The anti-graft agency explained that CBEX deceived unsuspecting Nigerians into investing with promises of unrealistic returns, leading to significant financial losses.

“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.

Tags: CBEX
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