The Chairman of the Economic and Financial Crimes Commission, Mr Ola Olukoyede, has revealed that the agency has recovered some money from the digital investment platform Crypto Bridge Exchange trading platform (CBEX) that scammed thousands of Nigerian
Olukoyede disclosed that the EFCC has made arrests in connection with the CBEX fraud.
Olukoyede also revealed that the EFCC has made significant progress in its investigation into the crypto scheme that scammed many Nigerians.
In an interview with journalists, Olukoyede said:
“We have gone far with CBEX. We have been able to recover a reasonable amount of money,
The EFCC chairman also disclosed the issues surrounding the full recovery of the funds as most parts were stored in a cryptocurrency wallet
“Even though in the crypto wallet, the same way the money was taken from them. There is no way you will get them in dollars. There is no way you get the dollars in cash without necessarily going through the same process.”
