EFCC declares eight persons wanted over CBEX scam

The Economic and Financial Crimes Commission (EFCC) has declared eight persons wanted in connection with an alleged multi-million naira fraud involving the Crypto Bridge Exchange (CBEX), a digital trading platform.

The suspects identified as Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko,Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, Serag Michiro and Seyi Oloyede, were accused of orchestrating fraudulent activities that reportedly led to significant financial losses for unsuspecting investors.

were accused of orchestrating fraudulent activities that reportedly led to significant financial losses for unsuspecting investors.

In a notice published across its official social media platforms, the anti-graft agency asked members of the public with useful information on the whereabouts of the suspects to come forward.

The EFCC emphasized its commitment to tracking down individuals involved in cyber-related financial crimes, especially within the rapidly growing digital asset space.

“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the agency said

Earlier in April, the digital asset trading platform ‘’collapsed” and subsequently swept over N1.3 trillion from investors’ wallets, leaving many Nigerians devastated.