The Economic and Financial Crimes Commission (EFCC) has addressed concerns from investors who suffered losses due to the collapse of the CBEX digital trading platform. EFCC spokesperson Dele Oyewale confirmed that the commission is actively working to recover the lost funds and bring those responsible to justice.
Speaking on Channels TV’s Morning Brief, Oyewale stated that the EFCC had been monitoring CBEX prior to the public outcry and had previously warned Nigerians about potential Ponzi schemes. He emphasized that the commission is collaborating with international agencies, including Interpol, to track down the perpetrators.…..CONTINUE READING
“Investors are going to get their money back, and we are already working on that,” Oyewale assured, noting that while the recovery process may not yield immediate results, the EFCC is committed to ensuring that investors do not lose their money.
CBEX had promised investors a 100% return on investment, leading to widespread participation. However, the platform faced a crisis when users reported being unable to withdraw their funds, resulting in public outrage and incidents such as the looting of an affiliate office in Ibadan.
The EFCC continues to educate the public on identifying fraudulent investment schemes and urges Nigerians to exercise caution when approached with offers that seem too good to be true.CONTINUE READING
