The Economic and Financial Crimes Commission (EFCC) has called on victims of the fraudulent cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), to report to its Ibadan and Lagos Zonal Directorates for further investigations.
According to a statement signed by the Commission’s Head of Media and Publicity, Dele Oyewale, on August 22, 2025, the EFCC is currently prosecuting three suspects — Adefowoara Abiodun Olanipekun, Otorudo Avwerosuo, and Ehirim Justice Chukwuebuka — over their alleged involvement in the scam.
The Commission explained that CBEX lured unsuspecting Nigerians into investing their funds with the promise of unrealistic returns, resulting in serious financial losses for many.
“In view of the foregoing and the need to assist the Commission in its ongoing investigation, the EFCC is inviting victims who invested their funds through individuals linked to the CBEX offices in Ibadan and Idimu, Lagos, to report to its Ibadan Zonal Directorate and Lagos Zonal Directorate 2,” the statement read in part.
The addresses of the two directorates were provided as:
Ibadan Zonal Directorate: 16A, Reverend Oyebode Crescent, Iyaganku, Ibadan, Oyo State.
Lagos Zonal Directorate 2: 7A, Okotie-Eboh Street, Ikoyi, Lagos.
The EFCC assured victims that their cooperation will aid ongoing efforts to bring the perpetrators to justice and recover stolen funds.
