Stella Dimoko Korkus.com: EFCC Declares Four Wanted Over Alleged $1 Billion CBEX Scam

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Saturday, April 26, 2025

EFCC Declares Four Wanted Over Alleged $1 Billion CBEX Scam

The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted over an alleged $1 billion cryptocurrency investment fraud linked to an online platform known as Crypto Bridge Exchange (CBEX).


In a statement issued by the commission’s Head of Media and Publicity, Dele Oyewale, the suspects—Seyi Oloyede, Emmanuel Uko, Adefowora Oluwanisola, and Adefowora Abiodun Olaonipekun—are accused of orchestrating a sophisticated scheme that lured thousands of investors with promises of extraordinary returns.

Operating under the CBEX name, the group allegedly encouraged people to deposit digital assets, particularly the stablecoin USDT, into the platform. After amassing a significant amount of funds, the platform was abruptly shut down, leaving investors stranded and unable to recover their money.

The commission is calling on the public to come forward with any information that could lead to the arrest of the suspects. Tips can be reported to any EFCC office nationwide, including branches in Lagos, Ibadan, Abuja, Kano, Enugu, Gombe, or Port Harcourt.

15 comments:

  1. I have no pity whatsoever for all those who fell for this scam.
    Once bitten, 500 times shy no apply for their cases.
    Meanwhile, those monies are goneeee with the wind.

    ReplyDelete
    Replies
    1. I'm telling you oooooooo that money is gone like the wind

      Delete
  2. No be so that forex one end
    These people never learn quick money syndrome see where the thing keep them .

    ReplyDelete
  3. I hope they get arrested

    ReplyDelete
  4. It seems this one touch some EFCC officials too.

    ReplyDelete
  5. Leave no stone unturned arrest them.all. For greedy people hope you all have learnt your lesson

    ReplyDelete
  6. See the scammers faces. I just hope they will get hold of them.

    ReplyDelete
  7. This woman gets mind ooooo how una dey take sleep for night when oda piple dey pass 2rug pains

    ReplyDelete
  8. I feel they were using fake names.

    ReplyDelete
  9. Lagos Mainland Girl26 April 2025 at 12:23

    Husband and wife into shady business
    Greediness made people invest in it, they will be fine

    ReplyDelete
  10. I know Ogunpa is going to be among addresses. I was told for that Ogunpa area people that didn't invested in the scam can't be upto 20%. Both market women and men oo
    Another one will still come and people will fall again

    ReplyDelete
  11. All of them are now billionaires in Naira

    ReplyDelete
  12. The victims of this cbex still believe that their money will be refunded 😀 sope otilor.

    ReplyDelete
  13. Why Nigerians keep falling for these scams beats me.
    See their face, I hope they pay for their crimes.

    ReplyDelete
  14. There's another wanted list published. People need to learn to take wise investment choices. If it's too good to be true, most of the time na scam!

    ReplyDelete

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