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EFCC Pledges to Recover CBEX Investors’ Funds, Prosecute Fraudsters

by Adams Oma
April 17, 2025
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EFCC Pledges to Recover CBEX Investors' Funds, Prosecute Fraudsters
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The Economic and Financial Crimes Commission (EFCC) has pledged to assist Nigerians who fell victim to the CBEX digital trading scam by recovering their lost investments and holding perpetrators accountable.

Speaking during a live interview on Channels TV’s Morning Brief on Wednesday, EFCC spokesperson Dele Oyewale assured the public that the commission is actively working toward justice for investors defrauded through the Ponzi-style platform.

“We are working with Interpol to ensure that these people are brought to book and investors get their money back. We are working on that. This thing could have been averted, but be it as it may, it was not averted. We are not going to throw our hands helplessly and say there is nothing the EFCC can do,” Oyewale said.

He emphasised that the EFCC has already begun collaborating with relevant global authorities to track down and prosecute those behind the fraudulent investment scheme.

“We are more professional than that. Already, we have spread out our wings. We are talking to Interpol; we are talking to all necessary agencies across the world to bring the actors to book. We are going to bring them to book,” he added.

Though the refund process may take time, Oyewale gave a firm assurance that victims will eventually be reimbursed.

“Investors will get their money back. It might not be in the short term, but I can assure you that the commission, as the leading anti-corruption agency in Nigeria, will not allow investors to lose their money like that.

“And say because they are not compliant with this or that—escapism is not the solution to any problem. We are going to do our work,” he said.

Tags: CBEXEFCCfraudsters
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