CBEX: Investors will get their money back , Says EFCC

The Economic and Financial Crimes Commission (EFCC) has assured Nigerians that efforts are underway to recover funds lost to the collapsed digital investment platform, CryptoBank Exchange (CBEX), which reportedly defrauded investors of N1.3 trillion.

Speaking on Channels Television’s The Morning Brief, EFCC spokesperson Dele Oyewale said the agency had previously warned the public against Ponzi schemes.

“You’ll recall that on March 11 this year, the Executive Chairman of the EFCC, Mr. Ola Olukoyede, had cause to instruct us to alert Nigerians about 58 Ponzi scheme companies; we came out with a list–that shows that we’re proactive and we have our hands on what is happening.

“So, concerning this CBEX thing, we’re on it; it’s not that we didn’t know, and you know we’ve been alerting Nigerians about ways and means to separate themselves from this type of shenanigans. So, before the calls came, we were working; while the calls were coming, we were working, and even after the calls, we’re still working.”