The Economic and Financial Crimes Commission (EFCC) has assured investors of the collapsed digital trading platform, CryptoBank Exchange (CBEX), that efforts are underway to recover their funds. CBEX, which allegedly defrauded investors of N1.3 trillion, crashed earlier this week, leaving thousands unable to access their money.
The Morning Brief, EFCC spokesperson Dele Oyewale stated that the commission had been monitoring CBEX long before the public outcry. He emphasized that the EFCC had previously warned Nigerians about fraudulent investment schemes and was actively working with Interpol and international agencies to track down those responsible.
Oyewale reassured investors that while the The Economic and Financial Crimes Commission (EFCC) has assured investors of the collapsed digital trading platform, CryptoBank Exchange (CBEX), that efforts are underway to recover their funds. CBEX, which allegedly defrauded investors of a huge sum, crashed earlier this week, leaving thousands unable to access their money.
Speaking during an interview, an EFCC spokesperson stated that the commission had been monitoring CBEX long before the public outcry. He emphasized that the EFCC had previously warned Nigerians about fraudulent investment schemes and was actively working with international agencies to track down those responsible.
The EFCC reassured investors that while the recovery process may take time, it remains committed to ensuring justice. “It would be irresponsible and unprofessional for the EFCC to say you have lost your money and there is nothing the commission can do about it,” the spokesperson said. “Investors are going to get their money back.”
The commission also reiterated its warnings about Ponzi schemes, urging Nigerians to be cautious when investing in platforms promising unrealistic returns. It had earlier listed several suspected Ponzi scheme companies as part of efforts to protect the public from financial scams.
Despite the challenges, the EFCC assured investors that they would not be abandoned, promising to bring perpetrators to justice and recover lost funds.
