The Economic and Financial Crimes Commission (EFCC) has declared eight individuals wanted for their alleged roles in a major fraud tied to a platform known as Crypto Bridge Exchange (CBEX). This update was made public on Friday, 1 year ago.
Four Nigerians — Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede — have been named as suspects. The EFCC also listed four foreign accomplices: Johnson Otieno, Israel Mbaluka, Joseph Kabera, and Serah Michiro.
CBEX is under fire after users said they couldn’t withdraw funds. While the platform claims it’s still running, many believe it’s a Ponzi scheme. It promises 100% returns in one month and rewards referrals. All transactions are in US dollars.
In a brief statement posted on social media, the EFCC said, “The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes.” The commission used multiple posts to share this message across its platforms.
The EFCC said Uko, Oloyede, and the foreign suspects were last traced to 166 Idimu Egbeda Road, Lagos. Olanipekun and Oluwanisola were last seen at 13 Jimoh Odutola Street, Ogungpa, Ibadan.
A federal high court in Abuja also gave the EFCC permission to arrest and detain six CBEX promoters. They are Olanipekun, Oluwanisola, Uko, Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim. The case involves a suspected $1 billion fraud.
The EFCC is asking anyone with information to contact its offices in Ibadan, Enugu, Kano, Lagos, Gombe, Port Harcourt, or Abuja.
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