Wanted list
The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted over the alleged fraud perpetrated on crypto bridge exchange (CBEX), a trading platform.
The four suspects are Adefowora Olanipekun, Adefowora Oluwanisola, Emmanuel Uko, and Seyi Oloyede.
The anti-graft agency published the wanted notice across its social media platforms on Friday.
“The public is hereby notified that the persons whose photographs appear above are wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the agency said.
Recently, a federal high court in Abuja granted permission to the EFCC to arrest and detain six CBEX promoters over a $1 billion investment fraud allegation.
Emeka Nwite, the presiding judge, gave the order following an ex parte application moved by Fadila Yusuf, counsel to the EFCC.
In the application filed by the EFCC, the six suspects named are Olanipekun, Oluwanisola, Uko, Oloyede, Avwerosuo Otorudo and Chukwuebuka Ehirim.
The anti-graft agency told the court that the preliminary investigation revealed that the suspects “using their company, ST Technologies International Limited, promoted another company, Crypto Bridge Exchange (CBEX) by making adverts and lured unsuspecting members of the public to invest in cryptocurrencies on the CBEX investment platform”.
The EFCC said the defendants promised an unrealistic return on investment of up to 100 percent.
Earlier in April, reports emerged that CBEX users could no longer withdraw their funds. Many Nigerians who had invested in the platforms reportedly lost their funds.
Angry investors stormed and looted the office of Smart Treasure (ST Team), an affiliate of CBEX, in Ibadan, Oyo state capital.
