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The Economic and Financial Crimes Commission (EFCC) has revealed ongoing efforts in partnership with INTERPOL to locate and apprehend those behind the failed digital investment platform, CBEX, which allegedly defrauded Nigerian investors of over N1.3 billion.
This was disclosed on Tuesday by EFCC spokesperson, Dele Oyewale, who stated that the commission had initiated an investigation into CBEX’s operations even before the platform’s sudden collapse.
Oyewale noted that following the crash, many affected Nigerians voiced their frustration on social media, lamenting the disappearance of their funds.
He added that some disgruntled individuals had also stormed CBEX’s Lagos office, taking away abandoned property.
Assuring the public of the commission’s commitment, Oyewale said the EFCC is actively tracing both domestic and foreign suspects linked to the scheme.
“We’re working closely with relevant agencies and INTERPOL to bring the perpetrators to justice,” he said. “Where recoveries can be made, we will pursue them. Where prosecution is required, we’ll not hesitate.”
He also emphasized that CBEX was not the only fraudulent platform under investigation, urging Nigerians to be cautious before investing in any financial outfit.
Oyewale advised that proper verification through regulatory agencies such as the Central Bank of Nigeria and the Securities and Exchange Commission is critical.