13 results
- 9 Dec 2025
SEC Urges IST to Freeze all CBEX Bank Accounts in Nigeria
The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of all bank accounts belonging to Crypto Bridge Exchange (CBEX) and other…
- 11 Jun 2025
SEC Insists CBEX Ponzi Remains Banned in Nigeria
The Securities and Exchange Commission (SEC) has warned investors that Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd, also known as Smart…
- 18 Apr 2025
How CBEX Operators ‘Enticed’ Victims –SEC
Securities and Exchange Commission (SEC) says preliminary investigations revealed that Crypto Bridge Exchange, aka CBEX, engaged in promotional activities to create a ‘false perception of legitimacy’…
- 26 May 2025
EFCC Recovers Funds, Arrests Suspects in N1.3 Trillion CBEX Crypto Fraud
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading…
- 24 Apr 2025
EFCC Secures Arrest Warrant for Six CBEX Promoters
A federal high court in Abuja has granted permission to the Economic and Financial Crimes Commission (EFCC) to arrest and detain six Crypto Bridge Exchange (CBEX) promoters over allegations of…
- 9 Dec 2025
SEC Seeks Freeze of CBEX Accounts Over N1.3tn Ponzi Scheme
Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other defendants…
- 1 May 2025
CBEX Scam: EFCC Freezes Accounts, Traces Funds Internationally
Economic and Financial Crimes Commission (EFCC) says it has traced proceeds from the failed CBEX crypto bridge exchange scheme to at least four countries, noting that full restitution to victims may…
- 16 Apr 2025
EFCC Assures CBEX Investors of Fund Recovery Amid Investigation
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,…
- 5 Mar 2026
Senate Targets Fintech Overreach, Vows Ponzi Crackdown After ₦1.3trn CBEX Scam
Nigerian Senate has launched a public hearing to amend the Banks and Other Financial Institutions Act (BOFIA) 2020 while investigating rampant ponzi schemes, spotlighting the Crypto Bridge Exchange…
- 28 Apr 2025
Wanted CBEX Promoter Surrenders to EFCC Amid $1 Billion Fraud Probe
One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange, Adefowora Abiodun, who was recently declared wanted by the Economic and Financial Crimes Commission,…
- 23 Apr 2025
Nigerians Lose N4.8 Trillion to Scams Since 2016
Nigerians have lost N4.8 trillion ($2.99 billion) to various scams since 2016, according to findings by Paul Alaje, a prominent Nigerian economist and chief economist at SPM Professionals. This is…
- 30 Apr 2025
NFIU Alerts Nigerians of Rising Ponzi Schemes, Unregulated Crowdfunding Scams
The Nigerian Financial Intelligence Unit (NFIU) issued a detailed advisory on yesterday, warning Nigerians about the growing threat of Ponzi schemes and unregulated crowdfunding scams, particularly…
- 24 Apr 2025
Report Suspected Illegal Investment Schemes to SEC
Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investment schemes to the commission for proper investigation and necessary action. This is in the light…