The Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading platform. Olukoyede also disclosed that the EFCC has made arrests in connection with the CBEX fraud. The EFCC boss revealed this in an interview with…
The Economic and Financial Crimes Commission (EFCC) has admitted that it wrongly declared Ellie Bitar wanted over the CBEX ponzi scheme. The anti-graft agency, in a statement on Wednesday, made this admission a few days after FIJ first published the story on how Mr Bitar was wrongly declared wanted by the EFCC. “Ellie Bitar of…
The Economic and Financial Crimes Commission (EFCC) has revealed that it has traced funds connected to the failed CBEX cryptocurrency bridge exchange scheme to at least four different countries. EFCC Chairman Ola Olukoyede disclosed this on Wednesday during an appearance on Politics Today, a Channels Television programme. Olukoyede explained that while efforts are ongoing to…
Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence. Two traders on the CBEX platform confirmed to The PUNCH on Wednesday that the digital trading firm…
The Economic and Financial Crimes Commission has declared one foreign national, Elie Bitar wanted for his alleged involvement in a cryptocurrency fraud linked to the online trading platform, Crypto Bridge Exchange. According to an official bulletin issued by the Commission, Bitar, 41, is wanted for a suspected fraudulent scheme carried out via CBEX, which has…
One of the suspected promoters of the cryptocurrency trading platform, Crypto Bridge Exchange, Adefowora Abiodun, who was recently declared wanted by the Economic and Financial Crimes Commission, voluntarily surrendered himself to the anti-graft agency on Monday. Justice Emeka Nwite of the Federal High Court in Abuja, in a ruling on Thursday last week, approved the…
The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerians against the excessive desire for money. The agency issued the advice in a terse post on its X handle on Sunday. “Love money too much, and Ponzi schemes will love you …..as their next target….be guided, the Eagle loves you all,” the post read. This…
The Economic and Financial Crime Commission, EFCC, has declared additional four suspected accomplices over fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX). GISTSMATE MEDIA reported that EFCC earlier declared Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun wanted for their alleged roles in the scam, which has defrauded…
The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted in connection with a fraudulent online trading scheme allegedly perpetrated through a platform known as Crypto Bridge Exchange (CBEX). The suspects are Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun—are being sought for their alleged roles in the scam, which has…
The Federal High Court in Abuja on Thursday gave the Economic and Financial Crimes Commission (EFCC) the go-ahead to arrest and detain six promoters of Crypto Bridge Exchange for allegedly defrauding Nigerians of over billion dollars. Justice Emeka Nwite, who gave the order after the EFCC’s lawyer, Fadila Yusuf, moved an ex-parte motion to the…