The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted over an alleged fraud on Crypto Bridge Exchange (CBEX), a digital trading platform.
Those declared wanted are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the agency announced via social media on Friday.
This followed a Federal High Court order in Abuja granting the EFCC permission to arrest and detain six CBEX promoters. Justice Emeka Nwite, who issued the order after EFCC counsel Fadila Yusuf filed an ex parte motion, stated the suspects would be detained pending the investigation and potential prosecution.
CBEX collapsed earlier in April, wiping out over ₦1.3 trillion in investor funds and reigniting concerns about Nigerians’ vulnerability to crypto fraud.