THE Economic and Financial Crimes Commission (EFCC) has released names and photos of four wanted suspects in the Crypto Bridge Exchange (CBEX) scam.
The commission also declared the four individuals wanted over the alleged fraud perpetrated in the CBEX, a trading platform.
The four suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
The EFCC, in a statement on Friday, April 25, published the notice across its social media platforms.
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the commission stated.
Recall that the Federal High Court in Abuja gave the EFCC a nod to arrest and detain six CBEX promoters over an allegation of $1 billion investment fraud.
The presiding judge, Emeka Nwite, gave the order following an ex parte application filed by counsel to the EFCC, Fadila Yusuf.
In the application filed by the EFCC, the six suspects named were Avwerosuo Otorudo, Emmanuel Uko, Seyi Oloyede, Chukwuebuka Ehirim, and Olanipekun Oluwanisola.
The EFCC informed the court that the investigation revealed that the suspects, “using their company, ST Technologies International Limited, publicised another company, CBEX, by making advertisements and deceived unsuspecting members of the public into investing in the investment platform.”
The EFCC said the defendants promised an unachievable return of 100 per cent on investments.
The ICIR reported that the EFCC confirmed that it has launched an investigation into the controversial cryptocurrency trading platform.
CBEX, an AI-powered crypto platform that promised users “100% monthly returns,” crashed in April, locking investors out of their accounts.
The sudden shutdown triggered outrage among users, leading to chaotic scenes at the CBEX offices. In Ibadan, angry investors stormed the premises, and the protest reportedly escalated into looting.
Speaking with The ICIR, EFCC spokesperson, Dele Oyewale, confirmed that the commission had begun investigating the matter.
“We have commenced investigation into CBEX,” Oyewale said. “The investors will get back their money. It might not be immediately, but they will get back their money. It is not an assurance.
“I am telling you that operationally, we are working, and because we are working, we will ensure that investors get back their money,” Oyewale stated.
On the existence of CBEX offices in Nigeria, Oyewale clarified that the platform operated strictly online and had no practical physical presence in the country.
A reporter with the ICIR
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