By The Economic and Financial Crimes Commission (EFCC) has assured Nigerians that it is actively working to trace and recover the staggering ₦1.3 trillion reportedly lost in the collapse of the digital trading platform, CryptoBank Exchange (CBEX).
CBEX, a Chinese-linked investment firm, suddenly crashed on Monday, locking out thousands of Nigerian investors from their accounts. Videos of distressed victims have since flooded social media, sparking nationwide concern.
Speaking on Channels TV’s The Morning Brief, EFCC spokesperson Dele Oyewale said the commission had already begun collaborating with international bodies, including Interpol, to pursue those behind the alleged fraud.
“It would be very irresponsible and unprofessional of the EFCC to say you have lost your money and there is nothing the commission can do about it,” Oyewale stated. “We’re already working with Interpol and international development agencies to ensure these people are brought to book. Investors are going to get their money back.”
While acknowledging that recovery may take time, Oyewale emphasized that the EFCC would not abandon affected investors. He reiterated that the agency had previously warned Nigerians against engaging with over 50 suspected Ponzi firms, including CBEX.
“The EFCC, as Nigeria’s leading anti-corruption agency, will not allow investors to just lose their money like that. We are more responsible and professional than that,” he said.
