EFCC Declares Suspects Wanted in Crypto Fraud Case.
The Economic and Financial Crimes Commission (EFCC) has issued a wanted notice for four individuals linked to the alleged fraudulent activities involving the Crypto Bridge Exchange (CBEX), a trading platform.
The suspects, identified as Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede, are sought following a recent court order that authorized the EFCC to arrest and detain six promoters of the platform.
This notice, shared across the EFCC’s social media channels, is part of the agency’s efforts to address the fallout from CBEX’s dramatic collapse earlier this year, which resulted in losses exceeding ₦1.3 trillion for investors.
The situation has reignited discussions surrounding the vulnerability of Nigerian investors to fraudulent schemes in the digital asset space.
Justice Emeka Nwite of the Abuja Federal High Court granted the EFCC permission to detain these individuals pending further investigation and potential prosecution, underscoring the seriousness of the allegations and the regulatory response required to protect the public.
