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EFCC Assures CBEX Investors of Fund Recovery Amid Investigation

Ugo Onwuaso16 Apr 20250 Comments
EFCC Assures CBEX Investors of Fund Recovery Amid Investigation
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Economic and Financial Crimes Commission (EFCC) has reassured investors affected by the collapse of the Crypto Bridge Exchange (CBEX) a digital trading platform that their funds will be recovered,…

Economic and Financial Crimes Commission (EFCC) has reassured investors affected by the collapse of the Crypto Bridge Exchange (CBEX) a digital trading platform that their funds will be recovered, though the process may take time.

Speaking on Channels TV’s Morning Brief on April 16, EFCC spokesperson Dele Oyewale emphasized the agency’s proactive measures in profiling CBEX and alerting Nigerians about potential Ponzi schemes prior to its crash.

Oyewale highlighted the EFCC’s ongoing collaboration with Interpol and international development agencies to bring the perpetrators to justice.

He assured the public that the commission remains committed to safeguarding investors and ensuring accountability.

The EFCC had previously listed 58 Ponzi scheme companies in March, warning Nigerians to exercise caution with unregistered investment platforms.

Despite the challenges, Oyewale reiterated the commission’s dedication to recovering funds and preventing future occurrences.

This development underscores the importance of vigilance and due diligence in financial investments, as the EFCC continues its efforts to protect Nigerians from fraudulent schemes.

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Ugo Onwuaso

Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.

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