EFCC calls on victims of crypto bridge exchange scam to report at Lagos, Ibadan offices

The Economic and Financial Crimes Commission (EFCC) has urged Nigerians who lost money to the fraudulent cryptocurrency platform, Crypto Bridge Exchange (CBEX), to formally report at its zonal offices in Lagos and Ibadan.

In a statement released by its spokesperson, Dele Oyewale, the anti-graft agency confirmed that three suspects — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — are already being prosecuted in connection with the scam.

According to the EFCC, CBEX lured unsuspecting investors with promises of “mouth-watering” returns, only to vanish with huge sums of money, leaving many Nigerians counting their losses.

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Oyewale specifically appealed to victims who carried out transactions through CBEX’s operational offices in Ibadan and Idimu, Lagos, to come forward. Reports can be made at the EFCC Ibadan Zonal Directorate, 164 Reverend Oyebode Crescent, Iyaganku, Ibadan, or at the Lagos Zonal Directorate 2, 7A Okotie-Eboh Street, Ikoyi.

The agency stressed that victims’ cooperation is vital to the ongoing probe, as their testimonies and evidence would strengthen prosecution efforts, ensure accountability, and improve the chances of recovering stolen funds.

“The EFCC is committed to bringing all perpetrators of the CBEX scam to justice. Victims’ support will not only aid investigations but also reinforce public confidence in the Commission’s determination to combat financial crimes,” Oyewale said.

The EFCC reassured affected Nigerians that justice would be pursued vigorously while advising members of the public to remain cautious of investment schemes that promise unrealistic returns.