EFCC Declares Eight CBEX Promoters Wanted

Eight persons have been declared wanted by the Economics and Financial Crimes Commission (EFCC) over the alleged fraud perpetrated on a trading platform, Crypto Bridge Exchange (CBEX).

The Commission who made this known in a public notice on Friday across its social media platforms said, the four suspects based in Nigeria are: Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko and Seyi Oloyede.

Others declared wanted by the EFCC included Johnson Otieno, Israel Mbaluka, Joseph Kabera and Serah Michiro, were said to be their foreign accomplices.

“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes.”

According to the EFCC, Oloyede Uko and the foreign accomplices were last traced to No. 166, Idimu Egbeda Road, Lagos State.

But Oluwanisola and Olaonipekun were last known to reside at 13, Jimoh Odutola, Ogungpa, Ibadan, Oyo State.

The commission urged members of the public with any useful information regarding the whereabouts of the suspects to reach out to the EFCC through its offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.

Users of CBEX raised a series of complaints that they were unable to withdraw their funds, raising suspicions that the platform may have collapsed.

While some still maintain that CBEX is operational, others have called it a Ponzi scheme.

The platform claims to offer users a 100% return on investment within a month and rewards referrals, with all transactions conducted in US Dollar.

Recently, a federal high court in Abuja granted permission to the EFCC to arrest and detain six CBEX promoters over a $1 billion.

In the application filed by the EFCC, the six suspects are Olanipekun, Oluwanisola, Uko, Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim.