The Economic and Financial Crimes Commission (EFCC) has asked victims of the collapsed cryptocurrency scheme, Crypto Bridge Exchange (CBEX), to come forward and assist ongoing investigations.
In a statement issued on Friday, August 22, 2025, by the Commission’s Head of Media and Publicity, Dele Oyewale, the EFCC confirmed it is prosecuting three individuals — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — over their alleged roles in the scam.
According to the Commission, CBEX enticed unsuspecting Nigerians with promises of unrealistic investment returns, leaving many investors with devastating financial losses.
“To aid ongoing investigations, the EFCC is inviting victims who invested through persons linked to CBEX offices in Ibadan and Idimu, Lagos, to report at its Zonal Directorates,” the statement read.
The Commission listed the reporting centers as:
- Ibadan Zonal Directorate: 16A, Reverend Oyebode Crescent, Iyaganku, Ibadan, Oyo State.
- Lagos Zonal Directorate 2: 7A, Okotie-Eboh Street, Ikoyi, Lagos.
The EFCC assured victims that their cooperation would help bring the perpetrators to justice and recover defrauded funds.
